August 17, 2022

Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya

The Leading Newspaper for Co-operative Movement in Kenya

County seeks new policy to accelerate growth of Saccos kisumu


The County Government is formulating a legal policy framework to accelerate the growth of the Cooperative activities in the region.
Governor Ranguma revealed that the County Government in collaboration with the Co-operative Alliance of Kenya is at advance stages of developing a Cooperative Society Bill.
In a speech read on his behalf by the County Executive Committee Member in charge of Industrialization Energy and Enterprise Development, Mr. Johnson Awuor during the 94th International Cooperative Day held at Lions High School grounds in Kisumu town, the governor noted that the Cooperative agenda was one of the County Government’s key agenda.
Ranguma stated that there was need for a paradigm shift in the County resident’s attitude towards Saccos.
“We have noted with great concern the importance of the Cooperative movement in Kisumu County, I request members of the public for their input to this Bill at the public participation forums.” Ranguma said.
The County had 426 registered Cooperative societies in 2015 as compared to 382 in 2014. The share capital stood at Sh1, 210, 483, 029 compared to Sh 1, 165, 882,919 in 2014.