The Leading Newspaper for Co-operative Movement in Kenya
KRA to match NSSF records with PAYE filings to identify tax defaulters. Treasury says KRA will also use Kenya Power data to improve rental income tax compliance. Plan is part of efforts to boost revenue collection and reduce reliance on borrowing. Kenya Revenue Authority (KRA) plans to cross check National Social Security Fund (NSSF) contribution…
Nairobi approves Ksh 49.27bn budget with no new taxes or fee hikes. Ksh 190m set aside for MSMEs, alongside funding for markets and local hubs. Infrastructure spending expected to support traders and strengthen Sacco growth. Nairobi County Assembly has passed Ksh 49.27 billion budget for the 2026/27 financial year, with fresh funding directed at small…
Investors are expanding sugarcane and rice projects at Bura Irrigation Scheme, creating new jobs. Sukari Industries has begun seed cane development and plans to build a sugar processing factory. Local leaders welcomed the investment, citing jobs and infrastructure development. Investors at Bura Irrigation Scheme in Tana River County are set to expand jobs after securing…
Simon Tanui and Dr Brenda Obondo received global credit union honours in Sydney. Tanui earned the I-CUDE designation, while Obondo won the WYCUP Scholarship. The awards highlight Africa’s growing role in the global cooperative movement. Two Kenyan cooperators have received international recognition for their contribution to the credit union movement. They were honoured during the…
The National Treasury, SHA, IRA and other state agencies have been sued over alleged failures to manage public servants’ insurance schemes and settle claims exceeding Ksh20 billion. The petition alleges decades of unpaid death, disability and work injury benefits affecting civil servants, teachers and security officers. The case seeks a court declaration that the government’s…
KRA Customs collected a record Ksh 988.8 billion in FY2025/26, beating its target. Revenue grew 12.4 per cent as stronger compliance and technology boosted collections. KRA is expanding digital customs systems to improve trade and revenue collection. The Kenya Revenue Authority’s (KRA) Customs and Border Control (C&BC) Department has surpassed its target of Ksh 980.794…
A Ksh 580 million Korea funded rice seed project in Mwea aims to reduce Kenya’s rice deficit by producing high quality certified seeds. The K Rice Belt Project will produce about 700 tonnes of certified rice seed annually and train farmers on modern farming technologies. The initiative seeks to cut rice imports, boost farmer yields…
MPs are reviewing a Bill proposing an additional Ksh 72.26 billion for county governments in the 2026/27 financial year. The funding will support County Aggregation and Industrial Parks, drought resilience, agriculture, informal settlements and other development programmes. The National Assembly is expected to debate the Budget and Appropriations Committee’s report before deciding on the proposed…
Government launches a multi stakeholder plan to revive Kwale International Sugar Company and restore jobs. Farmers to receive Ksh 66 million in pending payments as part of efforts to restart sugarcane production. Revival targets higher local sugar production, reduced imports and renewed economic activity across the Coast region. The national government has launched an ambitious…
Experts urge Kenya to deepen capital markets to unlock long term financing for SMEs. SMEs remain underserved as heavy reliance on bank lending limits access to affordable growth capital. Pension funds and institutional investors urged to channel more domestic savings into productive private sector investments instead of government securities. Industry experts have called on Kenya…
