commissioner for cooperative development-David Obonyo alongside PS Patrick Kilemi and representatives from DGRV during the signing of the MoU-Photo|Courtesy

Kenya-Germany pact to unlock financing for youth and women-led enterprises

The Ministry of Co-operatives and MSME Development has signed a Memorandum of Understanding (MoU) with the German Cooperative and Raiffeisen Confederation (DGRV) that would open new financing opportunities for entrepreneurship, investment, and financial empowerment among young people and women-led enterprises. The deal, signed by Principal Secretary for Cooperatives Patrick Kilemi, aims to bridge the persistent…

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PS Patrick Kilemi and an official from the German Cooperative and Raiffeisen Confederation during the signing of the MoU-Photo|Courtesy

Kenya, Germany sign MoU to reform cooperative sector, protect members’ savings

Kenya’s cooperative movement is set for sweeping reforms after the Ministry of Co-operatives and MSME Development signed a Memorandum of Understanding (MoU) with the German Cooperative and Raiffeisen Confederation (DGRV), a partnership officials say will tighten governance, strengthen financial oversight, and safeguard millions of members’ investments. The deal, signed by Principal Secretary for Cooperatives Patrick…

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