Kenya’s Saccos in Diaspora doing well, says PS

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Jun 27, 2017
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By David Kipkorir.

Kenya’s registered 10 Savings and Co-Operative Societies in the Diaspora are doing well, Principal Secretary Ministry of Industry, Trade and Co-operatives, Ali Noor Ismail has said.
He said the Government registered two Saccos in the United States of America (USA), two in Qatar and one each in Canada, Germany, France, Swaziland, Nigeria and South Africa.
Addressing delegates during the Afya Sacco Society 37th Annual Delegates Meeting (ADM), Ismail urged Co-operative societies managers to put in place good governance structures to improve service delivery to members. “The Kenyan Co-operative movement boasts of more than 22,000 registered Co-operatives with a membership of over 14 million and employs more than 500,000 Kenyans directly and another 1.5 million indirectly,” Ismail said.
Ismail told Co-operative societies to inculcate a culture of transparency and accountability in their institutions.
He said the Kenya Co-operative movement has taken a leadership position in the region by supporting other countries in the region to enhance capacity.
He said the countries include Rwanda, South Sudan, Botswana, Namibia and South Africa.

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