Kenya Union of Savings and Credit Cooperatives (KUSCCO) led by Group Managing Director Arnold Munene, has appeared before the National Treasury to advocate for the interests of the SACCO sector as part of the 2026/2027 National Budget preparations.
In a significant move for Kenya’s SACCO movement, KUSCCO delivered submissions at the National Treasury Building in Nairobi.
The appearance marked an important opportunity for SACCOs to voice their priorities and contribute to shaping the country’s fiscal policy.
Among the key recommendations presented were the expansion of the definition of designated primary co-operative societies to include groups of individuals and corporate entities, the removal of excise duty on SACCO member-based transactions, and the adjustment of individual income tax bands to ease the tax burden on taxpayers.
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The removal of excise duty on SACCO member-based transaction is expected to reduce the cost of accessing financial services within SACCOs, making it cheaper for members to save, withdraw, and borrow funds
During the session, the cooperatives’ union emphasized that the proposals were not only well thought-out but were also based on real challenges faced by SACCOs on the ground.
They called on the National Treasury to consider the recommendations as vital steps towards easing the financial and tax burdens on SACCOs and their members.
The Union’s proposals were further reinforced by technical support from PricewaterhouseCoopers (PwC), whose expertise in economic and tax matters played a critical role in the development and submission of the sector’s recommendations.
As the budget-making process continues, KUSCCO remains committed to advocating for policies that ensure the continued growth and sustainability of the SACCO sector in Kenya, which plays a key role in the financial empowerment of millions of citizens.
By Obegi Malack
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