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Originally published by Kenyanstop
July 6, 2026
1h ago
Treasury Addresses Plans to Use Ksh1 Trillion SACCO Savings for Infrastructure
President William Ruto's administration seeks to raise Ksh5 trillion through the National Infrastructure Fund (NIF) to fund development projects and veer off from the usual borrowing amid mounting debt...
✨ Key Highlights
The National Treasury has strongly denied claims circulating on social media that the government intends to borrow over Ksh1 trillion in SACCO savings for the National Infrastructure Fund.
- The fabricated quote, attributed to Cabinet Secretary John Mbadi, alleged the government's plan to fund infrastructure projects using SACCO savings, citing the forthcoming Cooperatives Bill.
- The National Treasury released a statement on Monday, July 6, to dismiss the graphic and information as entirely fake and malicious.
- Kenyans are urged to disregard the false information and rely only on official government communication channels for verified news.
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