How Govt Plans to Increase Funding for SACCOs Under New Cooperatives Bill
The government is fast-tracking reforms to support SACCO members, as well as enhance sector regulation and restore public trust...
✨ Key Highlights
Kenya's government plans to increase funding for Savings and Credit Cooperative Organisations (SACCOs) by channeling resources through the National Infrastructure Fund (NIF). This initiative aims to bolster the cooperative sector while freeing up national budget space for other priorities.
- The National Infrastructure Fund (NIF) has secured Ksh345 billion in seed capital.
- This plan was announced by Deputy President Kithure Kindiki during Ushirika Day celebrations.
- Additional funding could support reforms under the Sacco Societies (Amendment) Bill, 2025, including a proposed Deposit Insurance Fund.
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DP Kindiki tells off opposition over National Infrastructure Fund - July 2026
Deputy President Kithure Kindiki has strongly defended the proposed National Infrastructure Fund, aimed at directing proceeds from asset sales into long-term development rather than recurrent expenditure. Kenya's government plans to increase funding for SACCOs by channeling resources through the National Infrastructure Fund (NIF), aiming to bolster the cooperative sector while freeing up national budget space for other priorities. President William Ruto has assented to the Central Bank of Kenya (Amendment) Act, 2026, introducing stricter conditions for banks seeking Emergency Liquidity Assistance from CBK.
