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Government moves to tap Saccos’ trillions for development

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NTV Kenya (Youtube)
July 4, 2026
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More than one trillion shillings entrusted to SACCOs by millions of Kenyans could soon become the financial muscle behind the country's next generation of mega infrastructure projects. Subscribe and watch NTV Kenya live for latest Kenyan news today and everyday as told by Keny

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DP Kindiki: Infrastructure Fund will drive development without foreign loans - July 2026

Deputy President Kithure Kindiki announced that the newly established National Infrastructure Fund aims to accelerate development projects across Kenya without relying on foreign loans. The Kenyan government is planning to leverage the substantial assets held by SACCOs to finance major infrastructure developments, aiming to unlock trillions of shillings for the country's next generation of mega projects. Interior Principal Secretary Raymond Omollo has separately stated that the Kenya Kwanza administration is actively working to reduce the development disparities in the Nyanza region.

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