Arnold Munene, Group Managing Director, KUSCCO-Photo|Courtesy

Why Saccos are up against the provisions of the Finance Act, 2026

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…

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CS Oparanya appearing before the committee on Parliament on Thursday, May 21, 2026-Photo|Courtesy

Oparanya urges stronger investment in MSMEs and co-operative societies

Cabinet Secretary for Co‑operatives and Micro, Small and Medium Enterprises (MSMEs) Development, Wycliffe Oparanya, has called for increased investment in small businesses, Saccos and grassroots economic programmes, insisting that government initiatives must translate into tangible benefits for ordinary Kenyans. Appearing before the Departmental Committee on Trade, Industry and Cooperatives during deliberations on the 2026/27 Annual…

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