Anaskiza ground gani? PS Mang’eni hits back at Gachagua over Hustler Fund
benefit ordinary citizens.
benefit ordinary citizens.
Since 2021, the bank has generated Sh7.9 billion in cumulative sustainable finance revenue, driven by demand for solutions supporting climate resilience, financial inclusion and long-term growth.
NSSF Sacco Chair Livingstone Masai said the co-operative has evolved from a small society formed by National Social Security Fund (NSSF) employees into a nationwide financial institution serving members from different organisations and individual savers.
The clarification comes after days of public anxiety sparked by reports alleging that the government planned to tap into more than Sh1 trillion held in SACCO deposits to bankroll infrastructure projects through the proposed National Infrastructure Fund and infrastructure bonds.
Speaking on Radio Generation on Thursday, he said the continued growth of SACCOs reflects their ability to address gaps that other financial institutions have been unable to fill.
The latest report on the Unclaimed Assets Trust Fund for the financial year ending June 30, 2025, shows the institution continues to face hurdles in carrying out its main responsibility of identifying beneficiaries and releasing unclaimed assets.
According to Kindiki, the new law, together with ongoing reforms in the SACCO sector, will strengthen oversight mechanisms and help safeguard deposits held by cooperative institutions.
Tobe brings more than 20 years of leadership experience across Africa's telecommunications, fast-moving consumer goods (FMCG), and consulting sectors
According to the SACCO Societies Regulatory Authority (SASRA) Quarterly Statistical and Soundness Report released by The Sacco Regulator on Monday, for the period ending March 2026, lending to the land and housing sector remained the largest credit segment, accounting for Sh33.74 billion of the Sh115.73 billion advanced across all economic sectors
Speaking during the 2026 World MSME Day celebrations at the Kenyatta International Convention Centre (KICC) in Nairobi on Saturday, Ruto said the fund has become a key part of the government's plan to bring more Kenyans into the formal financial system and support enterprise growth.
The CapitalPay Managing Director noted that Kenya’s digital transformation accelerated between 2008 and 2010, driven by increased access to mobile devices, internet connectivity, and innovative financial services
The platform converts satellite imagery, climate data, and mobile usage information into financial profiles that allow previously excluded farmers to access formal financial services