Counterfeit, illicit trade cost the government billion losses annually; ACA reveals

Kenya loses an estimated Ksh100 billion annually to counterfeiting and illicit trade the Anti-Counterfeit Authority (ACA) has revealed. ACA’s Deputy Director-Research and Policy, Henry Maina, said statistics indicate that the government revenue loss was estimated at Ksh129.72 billion and Ksh153.1 billion in 2017 and 2018, respectively. According to the National Baseline Survey on Counterfeit and…

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Coorperatives and MSMEs CS Wyckliffe Oparanya/photo courtesy

CS Oparanya orders Cooperatives, MSMEs to file annual returns or face deregistration

Cabinet Secretary for Cooperatives and MSMEs,  CS Wycliffe Oparanya, has ordered all cooperative societies that have not filed their annual returns to do so by June 30, or risk deregistration. “As stipulated under the Cooperative Societies Act, all cooperative societies, including unions, national cooperative organizations, and apex cooperatives, are required to file their annual returns…

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Presidebnt William\ Ruto and Raila Odinga/photo file

President Ruto assures sugarcane farmers of fair returns for their deliveries

The Government has intervened with consistency and focus to ensure sugarcane growers receive fair returns for their deliveries, president William Ruto has said. The president said the move is aimed at ensuring that they get paid in full and on time. To anchor these gains sustainably, Ruto said they must recognize that increasing the efficiency…

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Luanda Cooperative Society ginnery/photo Courtesy

State Department for Cooperatives hands over Luanda Ginnery for Phase II Upgrade

State Department of Cooperatives, Secretary Administration, Amos Mariba and officials from the Ministry and Busia County Government have  officially handed over the Luanda Cooperative Society ginnery, located in Samia Sub-County, to the appointed contractor. The State Department has also allocated Ksh. 20 million for the completion of Phase II of the project, which aims to…

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President William Ruto during thee Madaraka fete

Fertilizer subsidies boosted food production by 50 per cent, President Ruto says

President William Ruto has said the government is accelerating both growth and resilience in the agriculture sector through strategic investment. The president who was speaking during Madaraka Day celebrations said fertiliser subsidies have boosted food production by 50 percent. There have been also reforms in the coffee and sugar sectors have revived local industries, enhanced…

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Cooperatives and MSMEs CS Wickliffe Oparanya/photo courtesy

There’s a need to fast-track recent laws approved by the Cabinet meant to improve SACCOs

During a Cabinet meeting chaired by President William Ruto in March this year at State House, key amendments to the Sacco Societies Act, 2008, were approved in a bid to enhance the stability, efficiency, and competitiveness of the country’s Savings and Credit Cooperatives Societies (SACCOs). The proposed reforms, which are outlined in the Sacco Societies…

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