Trans Elite Sacco gets Sh250mn to expand credit access
The funds will be disbursed through the Sacco’s Vuka Digital Loan and Kilimo Biashara products, targeting farmers, traders and small businesses in Nandi, Vihiga and Uasin Gishu counties. Kenya breaking news | Kenya news today |..
✨ Key Highlights
President William Ruto has overseen the disbursement of a Sh250 million credit facility from the Kenya Development Corporation (KDC) to Trans Elite County SACCO. This funding aims to significantly expand access to credit for over 10,000 micro, small, and medium enterprises (MSMEs) in the North Rift region of Kenya.
- Sh250 million financing facility from KDC.
- Trans Elite County SACCO, benefiting over 10,000 MSMEs in Nandi, Vihiga, and Uasin Gishu counties.
- Funds are part of the Sh13 billion SAFER Programme, backed by the World Bank, to support farmers, traders, and small businesses.
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Ruto Signs Law Shifting Coffee Regulation to New Board - March 2026
President William Ruto has signed new laws transferring coffee sector regulation to the Coffee Board of Kenya and establishing a dedicated Coffee Research and Training Institute. The President has also overseen the disbursement of a Sh250 million credit facility from the Kenya Development Corporation to Trans Elite County SACCO, aiming to significantly expand access to credit for over 10,000 micro, small, and medium enterprises in the North Rift region. Additionally, the Kenyan government has launched a new initiative to boost local production of sunflower and soybean oil, aiming to significantly reduce the country's substantial import bill.
