Cooperatives Cabinet Secretary Wycliffe Oparanya has announced the government's intention to merge state-owned financial institutions that provide loans into a single entity.
Speaking in Khwisero, Kakamega County, on Friday, March 21, Oparanya disclosed the government's plan to merge Uwezo, Youth, and Women Enterprise Funds into a single entity known as the Biashara Fund.
This means these funds will be joining President William Ruto's flagship the HustlerFund.
Oparanya, while addressing the residents, stated that the move was aimed at streamlining access to financing for small businesses and eliminating loopholes that led to misuse of the three funds.
