The government has dismissed claims circulating on social media alleging that savings held by members of Savings and Credit Cooperative Societies (SACCOs) will be diverted to the National Infrastructure Fund (NIF).
In a statement posted on his social media platforms, Principal Secretary for the State Department for Cooperatives Patrick Kilemi assured SACCO members that the reports were false and urged them to disregard the information.
“Fellow cooperators, please ignore the misleading information being circulated in our social media space that your savings would be diverted from your SACCOs to the Infrastructure Fund,” Kilemi said.
The Principal Secretary added that the Ministry would issue a comprehensive statement on the matter on Monday morning.
The clarification comes amid growing concern among SACCO members following the circulation of claims linking members’ savings to the recently established National Infrastructure Fund.
In March this year, President William Ruto signed the National Infrastructure Fund (NIF) Act, 2026, into law, introducing a new framework for financing and managing major national development projects.
The fund is expected to mobilise nearly Sh5 trillion over the next decade to finance strategic infrastructure projects, including highways, railways, ports, agribusiness infrastructure and energy systems.
Unlike previous government financing models that relied heavily on borrowing, the NIF adopts an investment-led approach that allows participation by both the public and private sectors.
According to the government, the fund will be financed through government allocations, private investments, proceeds from privatisation, grants and loans.
Author: Andrew Walyaula
Andrew Walyaula is a seasoned multimedia journalist. Email: waliaulaandrew0@gmail.com
