Nancy Gathungu - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

President Ruto launching the Affordable housing in Mukuru

Boma Yangu refunds near half of Sh5.47 billion raised as more savers pull out

Sacco ReviewJuly 20, 202603 mins

Kenyans have withdrawn Ksh2.56 billion from the Boma Yangu scheme. Refunds have increased 3.5 times since President Ruto took office. Refunds are rising faster than new savings, signalling weaker confidence. Kenyans have pulled more than Ksh2.5 billion out of the government’s Boma Yangu housing savings scheme, as growing numbers of contributors abandon the programme and…