The Government has dismissed reports that it plans to use SACCO members' savings to finance public infrastructure projects. Co-operatives PS Patrick Kilemi termed the reports misleading, insisting that SACCO deposits remain the property of members and are managed independently by the respective cooperatives. The Ministry clarified that the National Infrastructure Fund will instead be financed through proceeds from the sale of Kenya Pipeline Company and Safaricom shares, and has called on Nation Media Group to retract and correct the report.

PATRICK KILEMI – SACCOS