It is projected that the savings will reach Kshs700 billion mark with the

It is projected that the savings will reach kshs700

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billion. It is projected that the savings will reach Kshs.700 billion mark with the registration of Saccos for Kenyans in the diaspora. The department last year registered two such Saccos in the United States of America and the United Kingdom. We are also targeting to register more Saccos in countries with high concentration of Kenyans. This initiative will assist Kenyans in the Diaspora to make structured remittances and facilitate investment at home. In understanding the role the movement plays in delivery of vision 2030, the Saccos mobilize savings, finance economic activities and bring together people hence meeting all aspects of the economic, social and political pillars under vision 2030. Ladies and Gentlemen The core mandate of the ministry of Industrialization and Enterprise Development that is incharge of Co- operatives is to promote the growth and development of the Co-operative Movement in all sectors of the
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economy. It is gratifying to note that the co-operative philosophy has been inculcated in virtually all economic and social enterprises countrywide. In conformity to the requirements of the constitution, my ministry has already posted County Co- operative Commissioners and County Co-operative Directors of Audit to all the 47 counties. I urge co- operative leaders to engage these officers in the revitalization of County Co-operative unions to play the vital role in farm input supplies and distribution. This will make farmers enjoy the economies of scale while at the same time ensuring availability of inputs on time and stabilizing prices. Besides these efforts, we have also registered the Kenya Farmers Co-operative union whose main agenda is to support farmers through the supply of affordable farm inputs such as fertilizers and animal feeds. The Ministry has also promoted the formation of County co-operative Development Committees to coordinate the cooperative agenda in the various Counties. Distinguished Guests Value addition to agricultural produce has been prioritized by the Government in Vision 2030 . The future of our agricultural co-operatives lies in aggressively undertaking value addition of various produce including coffee, tea. Cotton, pyrethrum, horticultural crops, livestock and fisheries. It is no longer feasible to continue marketing our produce in their raw form as has been the case over the years. The success in value addition has been more pronounced in the dairy sector where dairy co- operatives like Githunguri have increased returns to farmers more than ten-fold. Value addition therefore remains the best option for enhanced service delivery to our farmers and overall success of the agricultural co-operatives. Ladies and Gentlemen The Co-operative Development Policy explores measures aimed at empowering young people to rise from unemployment to entrepreneurship and enterprise development. To achieve this, we aim to empower the youth especially through promotion of youth cooperatives, capacity building and financing of projects managed by youth. The government offers financial support to these projects through the Youth Enterprise
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