The Kenyan government plans to rename Kenya Union of Savings and Credit Cooperatives (KUSCCO) to Kenya Federation of Savings and Credit Cooperatives (KEFESCO) following significant financial losses.

• Estimated financial losses at KUSCCO range between Sh12 billion and Sh13.3 billion.
• The proposed change was announced by Cooperative Development Commissioner David Obonyo ahead of a special general meeting on August 28, 2026.
• Losses are attributed to issues like ghost loans, falsified commissions, and executive mismanagement, as revealed by a PwC audit in 2025.

The World Bank has sanctioned Webmasters Kenya Ltd and its Chief Executive Officer, James Ayugi, barring them from participating in Bank-financed projects for at least five years due to fraudulent and obstructive practices in Somalia.

• The sanction, effective June 8, 2026, follows findings of misrepresentation of key personnel availability and obstruction of a World Bank audit.
• The affected parties include Webmasters Kenya Ltd and its CEO, James Ayugi.
• The case involved two World Bank-funded projects in Somalia, and the company had secured nearly $1 million in World Bank contracts between 2018 and 2020.

A recent ruling by the Tax Appeals Tribunal may offer Kenyan taxpayers a new avenue to settle outstanding tax liabilities by offsetting them against available VAT credits before enforcement action is taken.

• The ruling stems from a dispute involving Easton Petroleum Limited and the Kenya Revenue Authority (KRA) over a Sh12.86 million VAT liability.
• Easton Petroleum Limited had an available VAT credit of Sh19.71 million, which it sought to use to offset its debt.
• The Tribunal found that Section 47 of the Tax Procedures Act empowers the Commissioner to apply tax credits to existing liabilities where justified, disagreeing with the KRA's stance that the credit should only be carried forward.