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The Governor of the Central Bank of Kenya-Dr. Kamau Thugge-Photo|Courtesy

Banks and SACCOs push Treasury to ease PAYE, raise tax‑free threshold to KSh40,000

Sacco ReviewJanuary 10, 202604 mins

Commercial banks and savings and credit cooperatives (SACCOs) have urged the National Treasury to ease payroll taxes to shore up workers’ disposable income, citing rising deductions and persistent inflation that have eroded real wages. In separate submissions, the Kenya Bankers Association (KBA) and the Kenya Union of Savings and Credit Cooperatives (KUSCCO) called for reforms…

KBA hires acting CEO as Olaka retires by month-end

Sacco ReviewMarch 11, 2024March 11, 202404 mins

Dr Habil Olaka, a towering figure at Kenya Bankers Association for almost two decades, retires as its Chief Executive Officer (CEO) on March 31, the association announced. Olaka has been chief executive of the association since 2010. The governing council, in a statement, announced the appointment of Raimond Molenje as the acting CEO until a…