The Leading Newspaper for Co-operative Movement in Kenya
CBK raises Ksh30.62 billion in oversubscribed Treasury bills auction 91 day Treasury bill records strongest investor demand Government secures Ksh11.52 billion in net new borrowing The Central Bank of Kenya (CBK) raised Ksh 30.62 billion in a Treasury bills auction that attracted strong demand from investors, even as appetite varied across the three tenors on…
Regional financial literacy seminars empower top savers SACCO expands Corporate Social Initiative projects nationwide Members trained on savings, investments and cooperative growth The Kenya National Police DT SACCO embarked on regional top savers training seminars aimed at empowering its members on matters of financial literacy and economic empowerment and equipping them with valuable knowledge to…
CEO urges Kenyans to safeguard savings and use fuel prudently amid Gulf crisis. Rising fuel prices are shrinking household savings, business profits and borrowers’ creditworthiness. Financial institutions say they can only advise members as they await government intervention. Kenyans have been urged to utilize their savings and fuel reserves prudently to navigate the economic hardships…
Finance Act 2026 introduces stricter tax compliance, faster reporting deadlines, and expanded KRA enforcement powers affecting Saccos. Saccos warn the changes could strain liquidity, increase compliance costs, and disrupt lending and member access to savings. KUSCCO is pushing for tax law amendments to protect co operative members and harmonise taxation with the Co operative Societies…
Hazina Sacco has assured members their deposits remain safe and are protected under the Sacco Societies Act and SASRA regulations. The Sacco dismissed rumours that members’ savings would be used to finance the National Infrastructure Fund, urging members to remain calm. The National Treasury and State Department for Cooperatives have also denied the claims, saying…
High Court stops AGOL from expanding into protected Kilindini Bay mangrove forest. Existing AGOL operations may continue, but no new major construction is allowed. Case challenging the legality of the forest land allocation set for priority hearing. The High Court in Mombasa has ordered a halt to any further expansion or new construction by African…
Kilifi County awarded Ksh6 million in matching grants to 12 Saccos under its Shilling kwa Shilling Initiative. Governor Gideon Mung’aro also set aside Ksh15 million this financial year to expand the programme and boost affordable farmer loans. He urged speedy enactment of the Cooperative and Sacco laws to strengthen regulation and support the sector. Governor…
eCitizen payments suspended from 7 PM to midnight on July 18. Maintenance aims to improve the payment system. Users should complete payments before 7 PM or after midnight. The Directorate of eCitizen Services has notified the public that all payment services on the eCitizen platform will be temporarily suspended for system maintenance on Saturday, July…
Kenya Power raises Ethiopia power import tariff to about Ksh 20 per unit. Ethiopian electricity now supplies over 10% of Kenya’s grid. Kenya plans to expand Ethiopian power imports to Marsabit and Mandera. Kenyan electricity consumers face a new cost reality after Kenya Power agreed to pay approximately Ksh 20 (15.5 US cents) per kilowatt-hour…
Registration for the 2026 SACCA Congress in Dar es Salaam is now open, with early bird rates available until August 17, 2026. Kenya is expected to send one of the largest delegations, backed by its strong ties with ACCOSCA and growing role in Africa’s cooperative movement. Registration has opened for the 26th Savings and Credit…
