By Benedicto Ng’etich
Savings and Credit Co-operative Societies in Kericho County have been challenged to form a local bank.
Kericho Deputy Governor Susan Kikwai noted that Saccos in the county and the neighbouring Bomet County are well-established and stable to form a strong financial institution.
She was speaking during the 97th International Cooperative Day celebrations held at the Kericho Primary School Hall.
She said the county had stopped the procurement of milk coolers until the whole milk value chain was ascertained observing that most cooling machines supplied earlier were lying idle since there was no milk to store.
Kikwai urged the co-operatives to invest heavily in the dairy sector and the agricultural sector at large as most livelihoods depended on it.
She said in conjunction with the national government they are in the process of looking for an investor to establish a local production of phosphates.
Kericho Cooperatives Director Leornard Otii warned managers against mismanagement of co-operatives.