Busia County Executive Committee Member in charge of Trade, Industries, Investment and Cooperatives Omuse Olakachuna has revealed that the county government will enact laws that will strengthen cooperative societies in the region.
Omuse disclosed that some of the issues they aim to address is how to safeguard Saccos’ funds and repayment of loans.
He noted with concern that mismanagement of funds by Sacco officials is one of the issues that has led to the collapse of many cooperatives societies hence the government’s decision to curb that vice.
Omuse stated that the county government will support cooperatives in the agriculture sector
at the ward level so that farmers can grow their crops and provide the raw material to factories.
He used the opportunity to encourage residents to join Saccos and qualify for loans and grants for use in various incoming generating activities.
Faridi Sacco Chairperson Godfrey Saidi urged Busia county residents to embrace saving culture.
During the event, Faridi Sacco emerged the best Sacco in the county as well as in Matayos sub county.
The best performing youth cooperative was Alupe University Sacco with ACK Nambale Diocese Sacco winning in the women’s category. Best Housing went to Busia Kilimo Sacco.
Inua Jamii Compassionate Sacco emerged the best in resource mobilization, Translux took the best transport award
Former Public and Private Sector Sacco was voted the best community Sacco in digitization as Magombe was voted the best marketing cooperative.
Other winners were Natema Sacco from Butula and Luanda Cotton Farmers Cooperatives (Samia).
The best agricultural value chain winners per sub county were Busia Poultry Farmers (Matayos), Vibanda Cooperatives (Butula), Tanga Kona Commercial Village ( Nambale), Luanda Farmers Cooperatives (Samia), Magombe Multipurpose (Bunyala), Jairos Cotton Cooperative Society (Teso North) and Teso South Fish Farmers Cooperatives.
By Charles Ouma and Gilbert Ochieng
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