Deputy President Kithure Kindiki
announced on July 5 that the government wants to channel over Sh1 trillion in
SACCO deposits into the National Infrastructure Fund to build roads, railways,
and dams, reducing reliance on taxes and loans.
Influential voices like Cyprian
Nyakundi warned of a debt crisis, sparking mobile app withdrawals and fears
that banks and M-Pesa could follow.
Officials call it a safe investment like Treasury bonds, but skeptics see risks to everyday savers' money, with no confirmed data yet on widespread runs.