Skip to main content

Co-operative movement account for 65 percent of Kenyans- Njeru Ndwiga

BY PETER KOMBE Over 65 percent of Kenyans belong to the cooperative movement, Senate Committee chairperson in charge of the Agriculture, Livestock and Fisheries Njeru Ndwiga revealed on Tuesday. Terming SACCO’s as a giant movement the chair who also doubles as the Embu County Senator said cooperatives contribute a bigger percentage of the country’s Gross Domestic Product GDP. As a way of up scaling cooperatives he wants the government to create a stand-alone ministry instead of merging with other state departments. “Cooperatives play a fundamental role in the economy of this country. If properly managed SACCO’s can boost the country’s GDP,” he said. At the same time, Kenya Union of Savings and Credit Cooperatives Limited Chairperson George Magutu urged members to shift in the business strategy in order to focus more on non funded income through commissions and other fees by leveraging on digital platforms. He however warned members to be more cautious and insure in cyber security adding that Covid19 exposed the loopholes of technology. “We also need to be cautious on the requirements of the Data Protection Act 2020 to avoid penalties. Let us use online platforms including social media, vibrant websites and Apps to market and ensure our SACCOs remain visible to members,” he noted. He called on members to improve on their mobile banking services and educate old members on existing mobile and internet services. Meanwhile, KUSCCO Group Managing Director George Ototo revealed that SACCO’s have been resilient during the Covid-19 pandemic. Ototo notes that SACCO Societies Regulatory Authority SASRA the Sacco regulator reported an increase in assets to sh597billion compared to sh525billion in the corresponding year period of 2019. The MD wants the government to compel both private and public entities to release over 3.8 billion statutory deductions owed to SACCOS. “The funds ought to be remitted to enable SACCOS create employment, pay taxes and contribute to the nation’s economy, besides management of liquidity ratios as prescribed by the regulator,” he emphasized. He also asked county government to pay legacy non remittances inherited from the now defunct county, municipal and town councils. Mr Ototo notes that through members support the `KUSCCO raised a total of sh13 million to cushion vulnerable members with relief food and other supplies. “By your donations, the committee rose over sh13million in 2020 and bought shopping vouchers which beneficiaries used to buy ‘Co-op kits’. They include 2kg of rice, 2kg beans 2kg green grams I litre cooking oil, 2 packets maize flour masks and soap,” said the MD. The theme of this year’s 6th Annual SACCO Leaders Convention is “SACCOS BEYOND COVID-19: accelerating towards recovery

Comments

Post a Comment

Popular posts from this blog

Involve all stakeholders when proposing new laws- BOTTAX General Secretary petitions government

BOTTAX General Secretary Cynthia Wanyonyi Photo (courtesy) BY PETER KOMBE Kenya Boda Boda Tuk Tuk and Taxi Workers Union (BOTTAX Kenya) has faulted the government on claims of passing bills that do not favor the transport sector. Speaking to the media in Mombasa on Monday the union’s General Secretary Cynthia Wanyonyi said in most cases the government does not involve boda boda Tuk Tuk and other informal transport worker's representatives. She further noted that as stakeholders in the public transport sector the government fails to carry out effective public participation exercises as enshrined in the Kenyan constitution. “The government does not involve the public when making certain decisions,” she noted. Wanyonyi urged both the operators to register with the union to avoid being misled by what she claims are quack organisations. She urged the department concerned with registering cooperatives and other associations touching on the informal trans...
6 comments
Read more

MALONZA AIDHINISHWA

Sasa ni afueni kwa waziri mteule wa utalii Peninah Malonza baada ya bunge la kitaifa kuidhinisha majina yote ya mawaziri wateule ikiwemo la Bi. Malonza. Malonza alinusuriwa baada ya bunge kukataa pendekezo la kamati hiyo kuwa asiidhinishwe. Wabunge wa mrengo wa Kenya Kwanza, waliunga mkono kuidhinishwa kwa Malonza, wakisema ana tajiriba ya kutosha na anapaswa kupewa fursa ya kuhudumu. Sasa majina ya mawaziri wateule walioidhinishwa yatawasilishwa kwa rais kwa uteuzi rasmi.
Post a Comment
Read more

Mombasa county government commits ksh 3.5 million on FP in 2018-2019 financial year- says County adolescent coordinator

County AYSR coordinator Baraka Imani facilitating the session at Pride Inn Mombasa on Tuesday Photo by Peter Kombe   BY PETER KOMBE The county government of Mombasa has committed a financial kitty of ksh 3.5 million to boost family planning in the 2018 2019 financial year. The funds according to the county adolescent coordinator Baraka Imani will addressing some of the challenges that Mombasa locals face on issues of family planning. “The county government has committed a total of 3.5 million to boost FP uptake in Mombasa county” Baraka Imani county adolescent coordinator said Out of the 3.5 million the county has committed, a total of ksh 500,000 targets Adolescents’ Young and Sexual Reproductive Health (AYSRH) Speaking to the media in Mombasa on Tuesday Mombasa County adolescent and youth sexual reproductive officer Baraka Imani said the county is currently implementing two programs including family planning and AYSRH. “A total of ksh 500,000 has tar...
Post a Comment
Read more