SACCO,Sacco loans,Sacco Societies,SACCO Societies Act,Sacco Societies Amendment Bill,Sacco Societies Bill Stories
The proposed changes, introduced through the Sacco Societies (Amendment) Bill, 2025 by Majority Leader Kimani Ichung’wah, aim to offer financial prote...
Defending the cooperative movement, PS Patrick Kilemi said Kenya has over 7,000 registered financial cooperatives, ranking top in Africa and sixth glo...
Mudavadi emphasised that cooperatives offer a more stable and inclusive financial model, capable of anchoring Kenya’s economy on local capital, partic...
Fringe benefits tax applies to employees, directors, or their relatives who receive welfare perks such as low-interest loans from their employers. The...
These losses, driven by unremitted deductions, liquidity issues, and failure to meet required financial standards, are threatening the stability of th...
The CBK survey shows a significant shift in farmers’ borrowing habits, with more now opting for commercial banks and digital loan platforms to fund th...
CS Oparanya directed that all cooperative societies, including unions, national cooperative organisations, and apex cooperatives, must file their annu...
Oparanya announced that registration of new saccos will be paused for three months to allow a newly constituted committee of experts to undertake a re...
According to the draft Nairobi City County Permit to Operate Regulations, 2025, the county official responsible for public transport will decide how m...
In a statement issued on Wednesday, Oparanya said the experts would be responsible for reviewing the legislation and proposing amendments to enhance t...
In a ruling issued on Monday, the board certified the case as urgent and allowed Super Metro to resume operations immediately while awaiting the full...
Among those affected, Metropolitan National, Shoppers, Jitegemee, Jumuika, Lamu Teachers, and Ndosha Saccos have been singled out for having core capi...
The fraud, which occurred between January 2016 and June 2021, was uncovered by Reuben Gitahi & Associates Forensic Services, a firm hired by Energy Sa...
Oparanya said the audit also seeks to bring corrupt officials to justice, noting that several Saccos across the country were in financial distress, a...
The win increases their points tally to 33, putting them three points behind Kibera Black Stars, who in third place with 36 points, occupy the promoti...
These saccos are said to have met the necessary regulatory requirements and are authorised to operate from January 1, 2025, to December 31, 2025.
The CEO observed that the competitive landscape has evolved, with fintech and digital lenders now posing a greater challenge than traditional banks.
Pedestrians have to dodge between the parked matatus, risking their lives, as there’s hardly any safe place to walk.
The standoff saw the operators boycott work on Monday in protest of the decision, exposing travellers destined for various destinations across the cou...
County Matatu Owners Chairperson Mohammed Ahmed Koroboi said they were not afraid of any competition with new entrants but insisted that the law must...
Saving groups or chamas have been a lifeline for many women in Kwale County, allowing them to educate their children, purchase property, and even star...
Preliminary findings showed that the driver lost control of the bus, which then veered off the road and plunged into the river.
The significant move comes as part of the authority's ongoing efforts to enforce safety and regulatory standards within the public transport sector.
Their drivers will also undergo mandatory road safety sensitisation and retesting.
A group of women in Samburu County who successfully persuaded their husbands to sell off their animals during the recent drought, Kenya's worst in 40...
David Kariuki Ngari alias Bishop Gakuyo denied charges of conspiring with others to defraud Ekeza Sacco members of Sh1 billion.
Senior Resident Magistrate Geoffrey Onsaringo granted the orders despite opposition from the suspect's battery of lawyers.
David Kariuki Ngari, alias Gakuyo, is being investigated over the alleged theft of more than Sh1 billion from at least 50,000 sacco members.
Three men suspected to be members of a criminal gang allegedly extorting money from PSV operators in Eastleigh, Nairobi, are now facing charges of rob...
