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Mbadi: Hustler Fund disburses KSh 87bn, reaches 28 million accounts since launch

Sacco ReviewJune 12, 202605 mins

The National Treasury has announced that the Hustler Fund has disbursed Sh87 billion since its launch in 2022, reaching 28 million accounts and extending formal financial services to millions of Kenyans who previously had little or no access to credit. Treasury Cabinet Secretary John Mbadi revealed the figures while presenting the 2026/27 Budget Statement in…

Gov’t plans to end zero-rated VAT for affordable housing

Sacco ReviewJune 12, 202604 mins

The government has announced plans to scrap the zero-rated Value Added Tax (VAT) status currently applied to affordable housing projects, signalling a major change in the taxation of one of its flagship development programmes. Speaking during a press briefing, National Treasury Cabinet Secretary John Mbadi said the proposed reforms will be included in the 2026…

Finance Bill 2026: M-Pesa not targeted in proposed digital tax measures

Sacco ReviewMay 26, 202604 mins

Treasury Cabinet Secretary John Mbadi has moved to calm public fears over the Finance Bill 2026, insisting that Safaricom’s M-Pesa platform will not be affected by proposed tax changes on digital money transfer services. Speaking at a press conference on Monday, May 25, 2026, Mbadi said the government’s focus is on ICT-driven digital intermediaries rather…

Former CS Adan Mohamed appointed new KRA commissioner general

Sacco ReviewMay 19, 202604 mins

Former Industrialisation Cabinet Secretary (CS) Adan Abdulla Mohamed has been appointed as the new Commissioner General of the Kenya Revenue Authority (KRA) for a three‑year term, effective May 18, 2026. His appointment was confirmed in a special issue of the Kenya Gazette dated May 18, through a notice signed by Treasury Cabinet Secretary John Mbadi….

CS Mbadi promises new measures to cushion Kenyans from soaring fuel prices

Sacco ReviewMay 18, 202606 mins

National Treasury Cabinet Secretary John Mbadi has assured Kenyans that the government is weighing fresh interventions to ease the burden of soaring fuel prices, which continue to pile pressure on households and businesses across the country. Speaking in Kisumu during a public engagement, Mbadi revealed that the Treasury is exploring additional measures, including further tax…

Sacco assets surge to Ksh 1.2 trillion as membership hits 7.8 million- 2026 KNBS survey

Sacco ReviewMay 1, 2026May 4, 202605 mins

The economic survey released on Thursday this week by the Kenya National Bureau of Statistics (KNBS) has painted a slightly rosy picture of the industry. According to the survey, total assets of deposit-taking SACCOs grew by 11.5 per cent to KSh 727.1 billion as at December 2025. Total assets and liabilities, which comprise time and…

Kenya’s affordable housing gets big boost with Sh120b treasury allocation

Sacco ReviewAugust 11, 202505 mins

The National Treasury and Economic Planning Cabinet Secretary (CS), John Mbadi has said the National Treasury has set aside Sh120.2 billion to the housing and settlement sector in the 2025/26 financial year. Mbadi said the move is aimed at bridging the widening gap in home ownership, particularly in urban areas. Speaking during the 4th Kenya…