MINISTRY OF COOPERATIVE DEVELOPMENT AND MARKETING

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Saturday, 07 July 2007 09:54

The Ministry of Co-operative Development and Marketing was re-stablished in the year 2003 and given the responsibility of promotion, growth and development of co-operative sector.Prior to the re-establishment of this Ministry, the co-operative movement was faced with a lot of challenges with many societies almost collapsing due to mismanagement, anarchy and leadership wrangles. This scenario was attributed to the inadequacies of the Co-operative Societies Act No.12 of 1997.

Since the Ministry was re-established, the co-operative sector has made tremendous achievements towards wealth and employment creation. Currently, there are over 12,000 registered co-operative societies with a membership of over 7 million. About 63% of the Kenya population directly and indirectly depends on the co-operative related activities for their livelihood. The sector has mobilized over Ksh.170 billion in savings which is about 31% of the national saving.

Last Updated on Friday, 23 April 2010 06:49