Despite facing an imminent sale, New Kenya Cooperative Creameries (KCC) remains steadfast in its pursuit of launching a new Strategic Plan.
Cabinet Secretary for Cooperatives and MSMEs Development, Simon Chelugui, joined New KCC’s Board of Directors in Naivasha on November 30 to contribute to the development of the Plan.
He emphasized the significance of the dairy sector as a vital component of the Bottom Up Economic Agenda (BETA), urging the Board and management to ensure its alignment with the Plan.
“As a Ministry, we are committed to ensuring that New KCC’s milk and dairy products are readily available to the public once again,” he stated.
Chelugui noted that the agency is a lifeline for millions of Kenyans and pledged to utilize all available resources to support its revival.
This comes days after President Ruto signed the Privatization Bill 2023 into law, marking KCC as one of the 11 state corporations slated for privatization by the Ministry of National Treasury and Economic Planning.
The proposal aligns with the Privatization Act 2023, Section 21(1), which empowers the Treasury Cabinet Secretary (CS) to identify and select entities for inclusion in the Privatization Programme.
In a notice issued on November 27, National Treasury CS Njuguna Ndung’u invited the public to share their perspectives on the proposed handover of the listed institutions to private investors.
The government aims to sell 11 parastatals valued at over Ksh200 billion as part of the International Monetary Fund-backed economic reforms.
By Amos Kerich
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