ttorney General Dorcas Oduor-Photo|Courtesy

Attorney General orders Saccos to file annual returns within 60 days or face deregistration

The Office of the Attorney General has issued a stern directive requiring all registered societies, including hundreds of Savings and Credit Cooperative Societies (Saccos), to file their annual returns within the next 60 days or risk enforcement action. In a public notice, the Registrar of Societies reminded organisations that filing annual returns is a legal…

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Why income from SACCO non-core activities should not be taxed

A Professional Perspective from the Cooperative Movement Savings and Credit Cooperative Societies (SACCOs) have long been recognised as vital pillars in Kenya’s financial ecosystem. This is true to date. Under the Bottom-Up Economic Transformation Agenda (BETA), SACCOs are not merely financial intermediaries but grassroots economic engines that mobilise savings, deepen financial inclusion, and empower millions…

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