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The Star (Kenya) logo🏛️ Politics
KE🏛️ PoliticsCenter2 days ago

No plan to borrow SACCO savings for Infrastructure Fund, National Treasury clarifies - the-star.co.ke

The Kenyan National Treasury has clarified that there are no plans to borrow funds saved by SACCOs (Savings and Credit Cooperatives) for the Infrastructure Fund. This statement comes amid reports suggesting such borrowing might occur to finance infrastructure projects. The clarification aims to dispel speculation and provide transparency regarding the funding sources for national infrastructure development. The National Treasury emphasized that current financial strategies do not include accessing SACCO savings for this purpose.

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The Star (Kenya) logoThe Star (Kenya)IndependentCenter2 days ago
No plan to borrow SACCO savings for Infrastructure Fund, National Treasury clarifies - the-star.co.ke

The Kenyan National Treasury has clarified that there are no plans to borrow funds saved by SACCOs (Savings and Credit Cooperatives) for the Infrastructure Fund. This statement comes amid reports suggesting such borrowing might occur to finance infrastructure projects. The clarification aims to dispel speculation and provide transparency regarding the funding sources for national infrastructure development. The National Treasury emphasized that current financial strategies do not include accessing SACCO savings for this purpose.

Bias read (Center): The article presents a straightforward clarification from the National Treasury without apparent bias. It does not favor any particular political side but rather provides information from an official source. There is no indication of loaded language, one-sided sourcing, or omission of context that偏向

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