August 17, 2022

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

The Leading Newspaper for Co-operative Movement in Kenya

New Co-operatives policy mooted

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By Eric Nyariera
Formation of many small Saccos is killing the co-operative movement in the County, according to Industrialization, Energy, Enterprise and Development County Executive Committee (CEC) member, Johnson Awuor (pictured).
Awuor who was speaking during Ushirika Day celebrations in Kisumu, lamented that though the county has more than 400 registered Saccos, many of them were ineffective.
He said the Saccos lacked resources to boost investments, hence minimal benefits for members. “The number of Saccos in Kisumu County is higher than those in 10 counties in North Eastern Region. Members are languishing in poverty because benefits are minimal,” Awuor added.
The County government was working on a policy framework to halt formation of ineffective Saccos, he said.