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Hurry the passing of Cooperatives Bill into law, Gachagua tells Parliament

Sacco ReviewAugust 23, 2024August 23, 202403 mins

Deputy President Rigathi Gachagua has called on the Parliament to fast-track the passing of the Cooperatives Bill into law to streamline the cooperative societies sector. “The problem that we have regarding coffee, tea, dairy milk and other cash crops is governance in our societies. I want to call upon our MPs and Senators to quicken…

Treasury PS summoned to Parliament over delayed coffee funds

Sacco ReviewAugust 16, 2024August 20, 202403 mins

The National Assembly Committee for Trade, Industry and Cooperatives has demanded Treasury Principal Secretary (PS) Dr. Chris Kiptoo to appear before the committee to explain the reasons behind delays in disbursing funds for coffee and grain farmers. The Committee, led by James Gakuya (Embakasi North MP), resolved to meet the PS after a senior Treasury…

Relief as mobile money users exempted from tax increase

Sacco ReviewJune 14, 202405 mins

The Treasury has withdrawn its intention to increase the excise duty on mobile money transactions, providing a reprieve to millions of users who depend on these services, such as Safaricom’s M-pesa. National Treasury Cabinet Secretary Njuguna Ndung’u has rolled back the proposal to increase the excise tax duty on mobile transfer services from 15 per…

Council of Governors to submit views on Cooperatives Bill 2024

Sacco ReviewMay 20, 202404 mins

Council of Governors has presented a technical working group to give input on the Cooperatives Bill 2024 which is currently in Parliament. The governors led by Bungoma Governor Kenneth Lusaka, who is also the chairman of the Agriculture, Livestock and Cooperatives in the COG held a consultative meeting on Thursday presided over by Cabinet Secretary,…

Assent Sugar Bill into law, Suba North MP urges President Ruto

Sacco ReviewMay 20, 2024May 20, 202404 mins

Leaders drawn from sugarcane growing belt have called on the President William Ruto to assent into law the Sugar Bill that has now passed its first and second reading at the National Assembly and Senate. Suba North MP Caroli Omondi said with the passing of the bill, farmers were bound to benefit fully from cane…

Kenyans in informal sector to pay Housing levy if amended Bill is passed

Sacco ReviewDecember 8, 2023December 8, 202303 mins

The controversial Affordable Housing Bill, 2023 has been amended to solicit the 1.5% Housing Levy contributions from individuals in the informal sector. This is after a three-judge bench declared the levy unconstitutional last week due to its discriminatory nature and unequal principles as it only targeted salaried Kenyans and expanded the tax to include incomes…

Parliament committee grills KRA officials over release of condemned sugar

Sacco ReviewNovember 1, 2023November 1, 202304 mins

The National Assembly Committee on Trade, Industry and Cooperatives has summoned two Kenya Revenue Authority (KRA) officials to shed more light on the surroundings that led to the release of 20,000 tonnes of condemned sugar to the market. Led by Chairperson James Gakuya (Embakasi North MP), the members questioned suspended Mombasa KRA Customs Warehouse Manager…

Cooperators’ expectations high as 14th Parliament open

Sacco ReviewSeptember 12, 2022September 12, 202205 mins

By Azael Masese The expectations of Kenyans for the 14th parliament in the cooperative movement have skyrocketed owing to President Elect William Ruto’s campaign of uplifting the economic and social welfare of Kenyans through boosting the cooperative sector which encourages savings and credit taking for engagement in income generating activities With the election of Former…