Treasury - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

President Ruto launching the Affordable housing in Mukuru

Treasury sets aside Ksh over 50 billion for affordable housing in 2026/2027 budget

Sacco ReviewMay 8, 2026May 8, 202603 mins

Kenya’s push to put more citizens under decent roofs is receiving a fresh financial shot in the arm, with the National Treasury earmarking Ksh 50.6 billion for the Affordable Housing Programme (AHP) in the 2026/2027 financial year. The allocation, which forms 37 percent of the total Ksh 135.8 billion set aside for Housing, Urban Developments…

Treasury raises penalties to rein in predatory digital and microfinance lenders

Sacco ReviewFebruary 25, 202604 mins

The Treasury has unveiled tougher measures against digital and microfinance lenders accused of exploiting Kenyans with excessive interest rates and aggressive debt collection practices. While appearing before senators, Treasury Cabinet Secretary John Mbadi said that fines for violating the Banking Act have been increased from KSh500,000 to KSh2 million. He said the move is intended…

Treasury extends hiring freeze until 2028, dims hopes for public sector jobs

Sacco ReviewAugust 26, 202504 mins

The national Treasury has extended the public sector hiring freeze for another three financial years, dwindling left hopes for public sector jobs. This move locks out thousands of job seekers from government employment until at least 2028. According to the Treasury, the move is part of the government’s effort to contain public wage bill, which…

PS Mang’eni denies hustler funds misuse, Kshs 8 billion withdrawal from treasury

Sacco ReviewJune 20, 202504 mins

The State Department for Micro, Small and Medium Enterprises (MSMEs) Principal Secretary Susan Mang’eni has defended the Ksh8 billion allocated for the Financial Inclusion Fund (Hustler Fund) savings support, insisting it was never withdrawn from the National Treasury. In a statement on Thursday the PS stated that the initial capitalization of the Fund was Ksh20.2…

Machakos Youth, Women funds returned to Treasury due to county assembly wrangles, Governor reveals

Sacco ReviewJune 17, 2025June 17, 202503 mins

Over 60 Million Shillings meant for youth and women empowerment in Machakos County has been returned to Treasury due to the ongoing wrangles between the Speaker and Members of the County Assembly. Machakos Governor Wavinya Ndeti said the funds have been returned to Treasury due to failure by MCAs to pass the requisite legislation as…

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…