Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
KRA’s first quarter collections fell short of the Treasury target despite recording year-on-year growth. Higher government spending widened the fiscal deficit, putting pressure on plans to reduce borrowing. Stronger customs revenue offered relief as domestic taxes struggled to meet expectations. Kenya Revenue Authority (KRA) collections fell Ksh58.2 billion short of target in the first quarter…
Suppliers and contractors are set to receive payments after Cabinet clears verified government debts. Small businesses owned by women, young people and persons with disabilities will receive priority. Claims dating back to 2005 feature in a long-running effort to settle outstanding government bills. Thousands of suppliers and contractors owed by the Government can expect payment…
Treasury prepares to challenge the High Court decision on Safaricom shares Court ruling also nullified the parliamentary paper supporting the transaction Government says it remains confident in the legality of the divestment process National Treasury Cabinet Secretary John Mbadi has said the government will move to court to appeal the High Court decision issued on…
Government suppliers must now meet eTIMS requirements before seeking payment. KRA will electronically validate supplier invoices submitted through IFMIS. The integration aims to improve tax compliance and transparency in government payments. Government suppliers in Kenya will now have to ensure their invoices meet Kenya Revenue Authority (KRA) eTIMS requirements before they can be submitted for…
Kindiki wants counties to speed up completion of industrial parks to drive value addition. He says all county allocations due up to August have been released. Counties have also been urged to prepare early for the expected El Nino rains. Deputy President Kithure Kindiki has urged county governments to prioritise the completion of County Aggregation…
Kenya plans to import 25 million bags of maize to bridge a drought driven food deficit The shortage threatens supplies and could put pressure on maize prices and consumers Government is turning to irrigation expansion and tax reforms to strengthen local food production Kenya will import 25 million bags of maize to cover a deficit…
More than 60 Saccos have tasked cooperative lobbies with pushing for tax reforms after engaging KRA on sector specific tax challenges. The sector wants tax laws aligned with the member based and not for profit Sacco model, saying current rules do not reflect how cooperatives operate. The proposals now move to lobbying groups, including KUSCCO,…
The National Treasury, SHA, IRA and other state agencies have been sued over alleged failures to manage public servants’ insurance schemes and settle claims exceeding Ksh20 billion. The petition alleges decades of unpaid death, disability and work injury benefits affecting civil servants, teachers and security officers. The case seeks a court declaration that the government’s…
EBC warns Kenya’s Ksh 995.7 billion domestic borrowing plan could push banks towards government securities, tightening credit terms for small businesses. The brokerage says increased demand for government debt may lead to stricter collateral requirements, shorter repayment periods and reduced lending flexibility for MSMEs. Despite private sector credit growth, EBC cautions that smaller businesses may…
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)…
