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SACCO industry defies economic pressures, records robust Q3 growth

Sacco ReviewDecember 14, 202509 mins

According to the latest Sacco Industry Quarterly Statistical and Soundness Report for Quarter Three (Q3)- September 2025, released by the Sacco Societies Regulatory Authority (SASRA), the regulated Savings and Credit Cooperative (SACCO) industry has maintained strong growth, showcasing notable improvements across key performance indicators. This comprehensive report highlights the sector’s resilience, with total assets reaching…

Land, school fees and agriculture loans drive SACCO lending surge in Q3 of 2025

Sacco ReviewDecember 12, 202506 mins

Data from the SACCO Societies Regulatory Authority (SASRA) shows that SACCOs channelled most of their lending toward land purchases, school fees and agriculture in the three months to September 2025, making the three sectors the biggest beneficiaries of credit demand among members. This accounted for more than 65 per cent of all loans issued by…

KRA announces key executive appointments to drive digital and policy reforms

Sacco ReviewDecember 12, 202506 mins

The Kenya Revenue Authority (KRA) has announced two major executive appointments approved by its Board, marking a significant step in the agency’s ongoing organisational transformation, technology modernisation, and evidence‑driven tax policy agenda. The appointments, which take effect on 12th January 2026, are expected to strengthen KRA’s leadership capacity as it accelerates reforms across its operational…

Kenyans receiving services at the Kenya Revenue Authority headquarters. PHOTO/KRA

KRA warns businesses to vet suppliers after court upholds Ksh773M missing‑trader tax case

Sacco ReviewDecember 12, 202505 mins

The Kenya Revenue Authority (KRA) has urged businesses across the country to strengthen their due diligence processes and transact only with credible suppliers, following a recent High Court ruling that reinforced efforts to dismantle the growing missing‑trader scheme. Speaking during a leadership forum, Commissioner General Humphrey Wattanga said the fraudulent scheme continues to undermine fair…

Kisumu county moves to restore order at Kibuye Market, shifts to appointed leadership

Sacco ReviewDecember 12, 202504 mins

The Kisumu County Government has announced major reforms aimed at restoring order at the troubled Kibuye open-air market, with officials confirming that leadership positions at the facility will now be filled through appointments rather than elections. Kisumu Central Sub-County Ward Administrator Peter Abiero said the decision is intended to end years of chaos, conflict, and…

Taita Taveta, Kajiado and Makueni Residents to Wait Longer for Park Revenue Share

Sacco ReviewDecember 12, 202509 mins

Residents of Taita Taveta, Kajiado and Makueni counties will have to wait longer to benefit from revenue sharing arrangements with Tsavo National Park. President William Ruto disclosed this on Tuesday during the launch of what is now the world’s largest rhino sanctuary. The President revealed that an earlier promise to share park revenues with local…

CS Cooperatives Wycliffe Ambetsa Oparanya in meeting with officials from the World Bank Group at the Delta Centre in Nairobi last year.

Oparanya meets World Bank Officials to advance reforms in Kenya’s Cooperative Sector

Sacco ReviewDecember 11, 202502 mins

Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises (MSMEs) Development, Wycliffe Ambetsa Oparanya, on Monday held a high-level meeting with officials from the World Bank Group at the Delta Centre in Nairobi. The engagement brought together key development partners to assess ongoing reforms and map out strategies aimed at transforming Kenya’s cooperative sector…

Kenya launches post-AGOA export reset, targets 10% annual growth by 2028

Sacco ReviewDecember 11, 202506 mins

The official expiry of the African Growth and Opportunity Act (AGOA) programme. has created a new urgency for the country to reimagine its export base. The government is also accelerating diversification and value addition to cushion exporters from shifting global trade conditions. Kenya Export Promotion and Branding Agency (KEPROBA) Chief Executive Officer (CEO) Floice Mukabana…

KUSCCO begins Ksh6.2 Billion refunds owed to SACCOs

Sacco ReviewDecember 11, 2025December 11, 202503 mins

The Kenya Union of Savings and Credit Co-operatives (KUSCCO) has officially begun disbursing refunds to SACCOs, marking the first major step in settling the Ksh6.2 billion it owes its members. The long-awaited repayments follow a financial crisis at the union that was attributed to mismanagement and fraudulent activities under previous leadership. Co-operatives and MSMEs Cabinet…

Oparanya calls on lending institutions to accord MSMEs flexible credit terms

Sacco ReviewDecember 1, 202505 mins

The Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Cabinet Secretary Wycliffe Oparanya has called upon lending institutions to accord small businesses flexible terms in order to enable them access credit. Oparanya noted that many small businesses cannot afford credit due to stiff requirements adding that many of them have been forced to imitate…