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PS Hinga reveals ambitious housing plan as Housing levy surpasses ksh120 billion mark

Sacco ReviewJune 27, 202507 mins

Principal Secretary for Housing and Urban Development Charles Hinga has announced that the government has successfully collected approximately Ksh120 billion through the Housing Development Levy in a significant update on the Affordable Housing Program. Speaking in Mombasa at a meeting with the National Assembly Departmental Committee on Housing, Urban Planning and Public Works, Hinga revealed…

Tea, coffee packaging materials to be zero-rated as Ruto signs Finance Bill 2025 to law

Sacco ReviewJune 26, 202503 mins

President William Ruto has signed the Finance Bill 2025 into law to ease the cost of doing business, and bolster economic growth across key sectors. The bill which was passed by the National Assembly on June 19, amends six key tax laws: the Income Tax Act, the Value Added Tax Act, the Excise Duty Act,…

Counterfeit, illicit trade cost the government billion losses annually; ACA reveals

Sacco ReviewJune 10, 2025010 mins

Kenya loses an estimated Ksh100 billion annually to counterfeiting and illicit trade the Anti-Counterfeit Authority (ACA) has revealed. ACA’s Deputy Director-Research and Policy, Henry Maina, said statistics indicate that the government revenue loss was estimated at Ksh129.72 billion and Ksh153.1 billion in 2017 and 2018, respectively. According to the National Baseline Survey on Counterfeit and…

Fertilizer subsidies boosted food production by 50 per cent, President Ruto says

Sacco ReviewJune 4, 2025June 4, 202503 mins

President William Ruto has said the government is accelerating both growth and resilience in the agriculture sector through strategic investment. The president who was speaking during Madaraka Day celebrations said fertiliser subsidies have boosted food production by 50 percent. There have been also reforms in the coffee and sugar sectors have revived local industries, enhanced…

Murang’a County unveils Ksh.20B agribusiness investment potential in a bid to attract investors

Sacco ReviewJune 2, 2025June 4, 202505 mins

Murang’a County has unveiled more than Ksh.20 billion worth of investment-ready opportunities in the agriculture sector, setting the stage for a major agribusiness investment in the country, in a bid to attract investors. The announcement was made during a high-level pre-conference luncheon jointly hosted by the Kenya Development Corporation (KDC) and the Ministry of Investments,…

CBK to pump KSh 180m into SafetyNet to protect SACCO cash

Sacco ReviewMay 27, 202509 mins

The Central Bank of Kenya (CBK) plans to put in an estimated Ksh 180 million into a Deposit Guarantee Fund (DPF), designed to provide a financial safety net for individuals and corporate entities that hold huge deposits in Deposit-Taking Savings and Credit Cooperative Societies (SACCOs). This yet-to-be-established fund is part of the latest reforms in…

Former KUSCCO directors challenges order to vacate office

Sacco ReviewMay 27, 2025May 28, 202504 mins

In the midst of a growing leadership struggle within the Kenya Union of Savings and Credit Cooperatives (KUSCCO), former directors who were recently ousted from office are protesting the decision and the official removal order. The former directors who are now directors and executives in various SACCOs were removed from the KUSCCO office after the…

Stakeholders call for urgent solutions to devastating hacking cases

Sacco ReviewMay 27, 202504 mins

Following an increase in hacking in the country, attributed to massive tech job layoffs, which have in recent years plagued many enterprises, organizations have been urged to convert the negative energy of hackers into positive energy by creating opportunities for them. As a result of increased cyberattacks (hacking) and ransomware, many institutions have been grappling…

Women-led SMEs boosted through Absa Bank, Women’s World Banking partnership

Sacco ReviewMay 20, 202506 mins

Women entrepreneurs across Kenya is set to benefit from Absa bank and Women’s World Banking partnership which aims at deepening their financial inclusion and promoting economic empowerment. This partnership was signed on the sidelines of the Women’s World Banking partners’ breakfast held in Nairobi. It will focus on enhancing Absa’s Women in Business (WIB) proposition…

KRA mulls tax review on cane by-products to curb smuggling from EAC neighbor

Sacco ReviewMay 19, 202505 mins

The Kenya Revenue Authority (KRA) is contemplating a comprehensive review of taxes imposed on sugarcane by-products to curb smuggling from the neighboring East African Community (EAC) partner states. This follows concerns from players in the sector over rising cases of smuggling of molasses, ethanol and alcoholic beverages through the porous borders with the neighboring countries….