FINANCIAL MANAGEMENT

State to partner with police Sacco in affordable housing project - Matiang'i

CS Matiang'i was the chief guest at the Sacco's annual general meeting.

In Summary

• The CS said treasury is a potential source of funding for a police housing scheme.

• He said the police training curriculum will also be reviewed to incorporate lessons in the management of personal finances.

Cabinet Secretary, Ministry of Interior & Coordination of National Government - Kenya
Cabinet Secretary, Ministry of Interior & Coordination of National Government - Kenya
Image: Ministry of Interior

Interior Cabinet Secretary Fred Matiang'i says government will partner with the police Sacco to construct modern houses for police officers under the tenant-purchase arrangement.

Speaking during the  Kenya National Police DT SACCO annual delegates meeting on Wednesday, February 16, Matiang'i said the SACCO deposits supplemented by Treasury funds will make the project a reality.

This, he said, will complement the Housing pillar under the Big Four Agenda.

Kenya National Police DT SACCO annual delegates meeting
Kenya National Police DT SACCO annual delegates meeting
Image: Ministry of Interior

"The police training curriculum will also be reviewed to incorporate lessons in the management of personal finances," the Ministry of interior reported. 

He challenged the police Sacco to explore public-private partnerships with Kenya Treasury to construct decent and affordable accommodation for police officers to acquire through rent-to-own contracts.

Kenya National Police DT SACCO annual delegates meeting
Kenya National Police DT SACCO annual delegates meeting
Image: Ministry of Interior

"It's clear that some of the mental challenges we've been witnessing among our officers are related to financial distress," Matiang'i said in his speech.

Matiang'i added that senior officers have a responsibility of mentoring their juniors to nurture a saving culture as a foundation stone of a financially disciplined service.

The event was also attended by  Inspector General of Police Hilary N. Mutyambai.