national infrastructure fund - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Hazina Sacco assures members their deposits remain safe amid infrastructure fund rumours

Sacco ReviewJuly 16, 202605 mins

Hazina Sacco has assured members their deposits remain safe and are protected under the Sacco Societies Act and SASRA regulations. The Sacco dismissed rumours that members’ savings would be used to finance the National Infrastructure Fund, urging members to remain calm. The National Treasury and State Department for Cooperatives have also denied the claims, saying…

SACCOs reject claims State can dictate investment of members’ savings

Sacco ReviewJuly 14, 202604 mins

SACCOs say the State cannot dictate how members’ savings are invested. Mwalimu DT Sacco CEO says investment decisions are made independently by members. The remarks follow debate over proposals involving Sacco funds and the National Infrastructure Fund. Savings and Credit Cooperative Organizations (SACCOs) have dismissed claims that the government can dictate how members’ savings are…

Kenya beats Tanzania to land Dangote’s KSh2.59 trillion refinery in Lamu

Sacco ReviewJuly 9, 2026July 9, 202606 mins

Kenya edged out Tanzania after Dangote Group weighed a combination of geographical positioning, existing infrastructure and commercial viability Nigerian billionaire Aliko Dangote has settled on Lamu as the site for his long-anticipated East African oil refinery, closing months of uncertainty over whether the multibillion-shilling project would rise on Kenya’s coast or in Tanzania’s port town…

PS Kilemi refutes claims of diverting SACCO savings to infrastructure fund

Sacco ReviewJuly 6, 2026July 6, 202603 mins

The ministry will issue comprehensive response later in the day as Jimi Wanjigi’s warning over SACCO funds stirs public anxiety Cooperatives and MSMEs Development Principal Secretary (PS) Patrick Kilemi has dismissed claims that the government intends to divert members’ savings from Saccos to finance the national infrastructure fund. In a statement posted on his social…