Empowering MSMEs: AFRESA and Ministry of ICT & Digital Economy Unite to Champion Digital Transformation for SACCOs in Kenya

AFRESA, a leading Savings and Credit Cooperative Organization (SACCO) in Kenya, is collaborating with Ester Molois the Ministry of ICT & Digital Economy to advocate for a groundbreaking partnership encouraging all SACCO's to adopt digital technologies to support Medium & Small Microenterprises (MSMEs). This initiative aims to transform the operational landscape of SACCOs, enhancing efficiency, transparency, and accessibility for their members. By integrating digital solutions, MSMEs can streamline their financial management, improve service delivery, and expand their reach, fostering economic growth and resilience in the rapidly evolving digital economy.

This is a strategic move to bridge the digital divide and empower SACCOs to leverage technology for better financial inclusion. Digital platforms will enable SACCO members to perform transactions, access loans, and manage savings conveniently and securely. Moreover, this shift will open up new avenues for innovation and entrepreneurship, driving sustainable development and economic empowerment for millions of Kenyans. Through this partnership, AFRESA and the government aim to create a robust, digitally-enabled SACCO sector that can support the dynamic needs of MSMEs and contribute to the broader national economic agenda.