The co-operative movement in Kenya is playing a vital role in the realization of the government’s Bottom-Up Economic Transformation Agenda.
This is according to Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Cabinet Secretary (CS) Simon Chelugui, who praised the sector’s role in economic growth, alleviating poverty and advocating for social inclusion.
Speaking in Eldoret during a dinner jointly hosted by the African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) and the Africa Development Foundation, he said that the sector plays a central role in empowering individuals, families and communities to uplift themselves through collective efforts towards common objectives.
“Cooperatives have consistently proven themselves as a powerful force renowned for their pivotal role in promoting economic growth, alleviating poverty and advocating for social inclusivity,” the CS said.
Chelugui added that the government has recognized the critical role these co-operatives play and has put in place a regulatory authority that regulates them in a manner akin to the regulatory framework of banks under the Central Bank.
Governors Stephen Sang’ (Nandi), Jonathan Bii (Uasin Gishu), Wisley Rotich (Elgeyo Marakwet) and Simon Kachapin of West Pokot County were also present. They underscored the benefits of cooperative movements, urging residents to join those in their areas.
By Amos Kerich
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