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Kenya is hosting the first East Africa co-operative conference – a forum that has brought together seven African countries to discuss opportunities and challenges faced in the sub-sector.
Kenya’s Ministry of industrialization and enterprise development is keen on reviewing three cooperative society Acts in an effort to transform the vibrant co-operative movement in Kenya.
Industrialization CS Aden Mohamed Monday said his ministry in collaboration with stakeholders in the sub-sector will embark on the review of the three Acts namely, Cooperative Society Act, Savings and Credit Societies (Saccos) Act and National Cooperative Society in order to grow the sector – currently the strongest in Africa.
“To remain competitive at a global level, Kenya’s co-operative movement will need to be professionalized; key among the reforms will be to review the sector’s three crucial societies Act,” he said.
He made the remarks during the first East Africa Co-operative conference being hosted by Kenya.
Themed Industrializing East Africa through Co-operatives, the two-day forum has attracted seven African nations – who will be addressing key among other issues how the region can harness its industrial potential to drive socio-economic development through the co-operative enterprise model.
The forum has attracted seven African nations namely, Uganda, Tanzania, Rwanda, Zimbabwe, Botswana, Swaziland and South Sudan.