President William Ruto has agreed to invest Ksh50 million in Shirikiana Sacco in Kakamega County as part of the company's initial investments.

🇰🇪 Breaking It Down

In Ruto’s address during the launch on Saturday, June 13, he stated that he will be joining Shirikiana Sacco, and after a discussion he had with CS Oparanya, he will be putting his contribution to the sacco.

“I'll be a member today, and I will put my money…and because the sacco is important, I agreed with CS Oparanya that I will look for Ksh50 million and put it in the sacco so that we can start with it,” Ruto said.

Ruto emphasised that a Sacco is very important in helping families to get access to healthcare, educate their children, and manoeuvre through their challenges.

📌 What You Need to Know

He also added that the Sacco movement in Kenya is the biggest in Africa. Additionally, in his speech, Shirikian Sacco is expected to play a key role in driving economic transformation across Western Kenya.

The event, hosted by CS for Co-operative and MSMEs Development, Wycliffe Oparanya, is a significant milestone in advancing financial inclusion.

Ahead of the launch, CS Oparanya toured the university to assess preparedness, confirming that the venue is ready to host the high-profile occasion.

“With coffee as the anchor value chain, Shirikiana SACCO is designed to unlock the immense economic potential of farmers, entrepreneurs, professionals, and other productive sectors across the Western region,” Oparanya said.

He added that the Sacco will enhance access to affordable credit to support industrialisation, strengthen agricultural productivity, and facilitate the growth of MSMEs. This creates more opportunities for wealth creation and job generation.

The institution currently boasts a membership of about 100,000 drawn from Kakamega, Vihiga, Busia, and Bungoma. Additionally, Trans Nzoia counties with a target to grow its membership to 250,000 by the end of the year.

📰 Source: Kenyans.co.ke