The Treasury targets to install a new IT-based system that will allow workers in the informal sector to save for retirement directly from their Sacco and Hustler Fund accounts, in an aggressive drive to reach 700,000 people in the year starting July.
The Kenya National Entrepreneurs Savings Trust (Knest) – a national agency that targets reticent savings from the informal sector—has requested Sh500 million from the National Assembly to fund the contracting of professional and technical services for the IT plug for the financial year 2025/26. The funding request was made through the National Treasury.
