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PS Mang’eni urges African states to strengthen regional trade

Sacco ReviewOctober 16, 2026October 16, 202607 mins

Susan Mang’eni urges African countries to boost intra-continental trade and reduce reliance on external markets. Trade Roots Africa seeks to connect Kenyan MSMEs with buyers and business opportunities across Africa. Kenyan enterprises prepare to showcase products and pursue partnerships at the upcoming EAC MSME Trade Fair in Kigali. Principal Secretary (PS) for Micro, Small and…

Trans Elite Sacco launches dividend advance for members

Sacco ReviewOctober 16, 202602 mins

Trans Elite County Savings and Credit Cooperative Organisation (Sacco) Limited has rolled out a dividend advance facility for its members. The service became available on October 16, 2026. Under the offer, eligible members can access up to 50 per cent of their previous year’s dividends. As a result, members can benefit from part of their…

VAT law keeps fuel tax at 8pc after Ruto assent

Sacco ReviewOctober 16, 202606 mins

President Ruto signs tax laws extending reduced VAT on fuel and changing levies on selected building materials. The legislation maintains an 8 per cent VAT rate on petrol, diesel and paraffin for an initial 90 days. Kenya Revenue Authority board changes aim to strengthen coordination in tax collection and customs operations. Kenyans will keep paying…

MMUST students win Sh1 million to boost their businesses

Sacco ReviewOctober 16, 202605 mins

Ten student-led businesses at MMUST secure seed funding to support their growth. The winning entrepreneurs emerge from a competitive pitching contest involving 20 finalists. The successful ventures enter a six-month programme to strengthen operations and prepare for investment. Ten university student-led businesses at Masinde Muliro University of Science and Technology (MMUST) have received a total…

Creative Economy Bill draws calls for wider representation

Sacco ReviewOctober 16, 202605 mins

Creatives want the proposed law expanded to cover more artistic disciplines. Intellectual property rights emerge as a key point of contention in the Bill. Stakeholders push for stronger opportunities for youth, women and persons with disabilities. Stakeholders in Kenya’s creative industry have called for changes to the proposed Creative Economy Bill, 2026, to ensure it…

KRA uncovers Ksh 4 billion VAT fraud using fake invoices

Sacco ReviewOctober 16, 202607 mins

KRA uncovers a major VAT fraud scheme involving fictitious invoices worth billions of shillings. Investigations reveal links between businesses, individuals and possible internal facilitation. Taxpayers using fake invoices face prosecution as KRA moves to recover lost revenue. The Kenya Revenue Authority (KRA), through its Investigations and Enforcement Department, has uncovered a sophisticated tax fraud scheme…

Kinyanjui urges Kenyan firms to step up local manufacturing

Sacco ReviewOctober 15, 202605 mins

Kenya is being urged to shift from importing goods towards expanding its domestic manufacturing capacity. Business leaders are highlighting regional markets as an opportunity to drive investment and economic growth. Calls for predictable taxes and simpler licensing are adding to the debate on how to strengthen local enterprises. Investments, Trade and Industry Cabinet Secretary Lee…

Kisumu County Assembly approves special economic zone plan

Sacco ReviewOctober 15, 202604 mins

Kisumu is moving to establish a new investment hub focused on life sciences and pharmaceutical manufacturing. The proposed project is drawing attention to the county’s push to attract industries and expand opportunities for young people. A land donation has helped advance plans for the proposed development in Muhoroni. The County Assembly of Kisumu has approved…

Safaricom urges stronger cybersecurity as AI threats rise

Sacco ReviewOctober 15, 202605 mins

Safaricom is calling for stronger safeguards as artificial intelligence reshapes the cybersecurity landscape. Kenya’s rising cyber threat activity is intensifying pressure on organisations to strengthen digital protection. Small businesses are facing growing calls to prioritise security as they expand their use of digital services. Safaricom has called for stronger cybersecurity safeguards as the growing adoption…

KUSCCO liquidator tells borrowers to keep paying loans

Sacco ReviewOctober 15, 2026October 15, 202604 mins

KUSCCO borrowers face continued repayment obligations despite the organisation’s ongoing liquidation. Creditors have been asked to take formal steps to have their outstanding debts recognised. The winding-up process has placed fresh attention on the requirements for borrowers and creditors. The Kenya Union of Savings and Credit Co-operatives Union Limited (KUSCCO) has directed all its debtors…