Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Government pending bills rose to Ksh 465.87 billion by March 2026, worsening cash flow challenges for SMEs supplying public institutions. Delayed payments are forcing many SMEs to rely on trade finance and short term borrowing to meet payroll, pay suppliers and sustain operations. Kenya’s rising government pending bills are pushing small and medium-sized enterprises (SMEs)…
Meru County has emerged as one of the top performers in the use of development funds after recording a 54 percent absorption rate, ranking second nationally according to the Controller of Budget’s Third Quarter Report for the 2025/26 financial year. The report places Nandi County at the top with a 55 percent absorption rate, while…
The Controller of Budget (CoB), Dr. Margaret Nyakang’o, has warned that the Kenya risks falling deeper into a debt trap due to expensive borrowing and poor project coordination. Speaking before the National Assembly’s Committee on Public Debt and Privatization, chaired by Mbalambala MP Shurie Omar, Dr. Nyakang’o painted a bleak picture of the nation’s finances,…
The National Government has cut budget for agencies that provide cheap credit to youth and women. Affected agencies include Women Enterprise Fund, Uwezo Fund, Youth Enterprise Development (YEDF) and the Hustler Fund. A report by the Controller of Budget indicates that the National Treasury did not provide loans in the three months to end of…
Controller of Budget (CoB) Margaret Nyakang’o has been arrested in Mombasa by DCI officers and presented to court to face the charge of operating a Sacco without a license. The arrest came after the Office of the Director of Public Prosecutions approved the charges in a letter to the DCI on November 30,2023. Nyakong’o’s charges…
