The Kenyan government is working to modernize the cooperative movement through a new cooperative bill and increased public investment. This initiative aims to strengthen governance, protect members' savings, and enhance the sector's contribution to economic growth. Deputy President Prof. Kithure Kindiki stated that the Cooperative Bill, which is currently under consideration in Parliament, represents a significant reform effort.
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Deputy President Kindiki emphasized the importance of cooperatives in driving Kenya's economic transformation, highlighting that approximately 14 million Kenyans are members of such organizations. This includes 8 million individuals who are part of Savings and Credit Cooperative Organisations (SACCOs), which together manage savings exceeding Sh1 trillion.
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