Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kenya has taken a significant step towards strengthening citizen participation in governance following the National Assembly’s approval of the Public Participation Bill, 2025. Public participation is already anchored in the Constitution as one of the national values and principles of governance. Article 10 requires public participation to be observed whenever State organs, State officers, public…
MPs have backed a proposal to extend the in duplum rule to Saccos, digital lenders and microfinance institutions, though Parliament has not yet passed the change. The proposal would cap interest on defaulted loans at the outstanding principal, protecting borrowers from excessive charges. If approved by Parliament, the amendment would extend protections currently available only…
Senate Agriculture Committee reviewed National Assembly amendments to the Agriculture and Livestock Extension Service Bill, 2022 Bill seeks to establish a legal framework for coordinated agricultural and livestock extension services and improve farmers’ access to technical support Committee will prepare a report with recommendations on the amendments for consideration by the Senate in plenary The…
Affordable housing bill proposes cutting loan default notice from 90 to 45 days and property sale notice from 40 to 20 days. MPs have raised concerns that the shorter timelines could expose borrowers to faster foreclosures and reduce protections. National Assembly committees are reviewing the proposal, with a final report expected by August 13, 2026….
MPs have raised concerns that a proposed Central Bank of Kenya levy on banks could lead to higher banking charges and loan costs for customers. The proposal would replace the current fixed annual fee with a levy of 0.15 per cent of a bank’s gross annual revenue. Lawmakers questioned the levy’s legal basis, penalty provisions…
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…
MPs questioned conflicting Brazil and South Africa sugar import documents. PS Juma Mukhwana promised to investigate the origin discrepancy. Lawmakers queried a new duty free sugar approval before the first shipment was fully accounted for. The government has come under fresh scrutiny over a 27,000 metric tonne consignment of duty-free raw sugar, after lawmakers uncovered…
Parliament says the proposed Sacco Bill does not give President William Ruto control over members’ savings. It also dismissed claims the Bill would create a “Super Sacco”. The Bill seeks to strengthen smaller Saccos and improve regulation. The National Assembly has dismissed reports claiming that the proposed Sacco Societies (Amendment) Bill, 2025, would give President…
The National Assembly has dismissed what it called widespread misinformation surrounding the proposed Sacco Societies (Amendment) Bill, 2025, saying claims that the legislation would create a government controlled “super Sacco” or hand the President power over Sacco leadership are false. In a public statement, the Assembly said the Bill, which seeks to amend the Sacco…
The government has cautioned the public against misinformation and propaganda circulating online regarding the Sacco Societies (Amendment) Bill, 2025. The government has cautioned the public against misinformation and propaganda circulating online regarding the Sacco Societies (Amendment) Bill, 2025. In a public notice seen by Sacco Review, the state dismissed claims that the proposed legislation is…
