Cooperatives Cabinet Secretary (CS) Simon Chelugui has urged the government to invest wisely in the cooperative sector to generate revenue and improve the country’s economy.
The CS said about 63 percent of Kenyans rely on and benefit directly or indirectly from the Cooperative sector, hence good investments in the sector can generate revenue and reduce external borrowing.
“A government can choose to invest in express highway, water projects, and empowerment programs, amongst others. Why should we borrow money externally yet we have money with us?” He wondered.
He said the ministry is working to ensure coffee, which is a major foreign exchange earner, generates more revenue.
“This is the reason we must restore the mandate of Kenya Planters Co-operative Union (KPCU),” he said.
He warned that the government will not condone any mismanagement in the cooperative movement, and thus leaders in the sector must uphold good governance and proper management practices in their societies.
Went further and urged societies to embrace and take seriously technological revolutions that are sweeping the globe.
He also urged Sacco Societies Regulatory Authority (SASRA) and the Commissioner for Cooperatives to work with the county governments to increase inter-governmental relations in a bid to remain viable in trade.
By George Otieno
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