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Ksh 25 Million To Boost Cooperatives Movement In Kakamega. Confirms The Governor

Kakamega County will spend KSh25 million to strengthen cooperative societies that have been performing poorly. This is in regard to Governor Wycliffe Oparanya. He states that out of the Sh25 million which have been factored in this year's budget, Sh18 million will be given out as grants to 40 cooperatives spread in 12 sub-counties.

Governor Wycliffe Oparanya.

"Another Sh5 million will be used for capacity building of the organizations to improve on governance and financial management," governor Wycliffe Oparanya said.

 Addressing Kakamega media faculty at the county headquarters, he explained that only those cooperatives that have stable management will their proposals approved by the Cooperatives Department. Similarly, the governor of Kakamega County added that his main agenda is focusing on supporting the cooperative movement to make it stable and vibrant so as to strengthen both production and marketing of farm inputs to generate more money for farmers.

 "Cooperative movement in Kakamega has not been performing well and has not been given adequate support by the Ministry of Agriculture and Cooperatives," he explained.

 He added;

 "I have put a lot of focus on these sectors because it is critical to my agenda of boosting economic activities of residents to alleviate poverty," he finalized.

 Aligning the clinches, Chief Officer in charge of Agriculture Mr. Jeremiah Namunyu said the county has 316 cooperative societies half of which are dormant.

 "Many of the cooperatives are inactive and we have elaborate plans to rejuvenate them by providing financial and capacity-building support," he stated.

Consequently, Namunyu noted that most of the cooperative societies were inefficient due to corruption and poor governance.

 "We are putting more emphasis on improving the cooperatives' financial management skills and governance because these are the areas that have affected the growth of many of the organizations," he noted.

 For instance, he said that the county has developed a legal framework that would guide in managing the cooperative societies.

 The CO said they have embarked on helping most of the CBOs to transit to cooperatives to be able to benefit from funding from both the county and other partners.

 “Cooperatives are playing a major role in filling value chain gaps for farmers, marketing their products and negotiating for loans or grants for them from financial institutions and donors”, Namunyu pointed.

Governor Wycliffe Oparanya.

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