THE AFRICA TIMES | KENYA — The government has reaffirmed its commitment to modernizing Kenya’s cooperative movement through a new cooperative bill and increased public investment. These measures aim to strengthen governance, protect members’ savings, and enhance the sector’s contribution to economic growth.
Key Legislative Developments
Deputy President Prof. Kithure Kindiki announced that the Cooperative Bill, currently under consideration by Parliament, represents a significant reform. This legislation is designed to align the sector’s legal framework with the realities of a rapidly evolving economy, where cooperatives manage substantial member savings, engage in major investments, and increasingly adopt digital technologies.
