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Ministries owe SACCOs Kshs. 1.2 BWritten By:Christopher Khisa/KNA , Posted: Tue, Jul 22, 2003
The government will from now permit no one manage Savings and credit co-operative societies (SACCO's) without proper training in co-operative management.
All manager of SACCOs will now be required to have at least a minimum co-operative society management certificate.
Minister for co-operative development, Peter Ndwiga, said trained
personnel would help stem the rampant financial mismanagement in the sector,
as they will possess the required expertise needed to guide them in their
work.
The minister was speaking Tuesday at the ministry headquarters when he received a delegation from Ilembe Municipality of Kwa Zulu natal, South
Africa.
The minister emphasized the need for sacco mangers to uphold integrity if the co-operative movement is to grow.
Mr Ndwiga revealed that local ministries owe saccos a whooping 1.2 billion.
He said his ministry has proposed in the cooperative Bill 2003, that the commissioner of co-operatives be empowered with prosecuting powers to enable him prosecute those who renege on co-operative societies bye-laws.
The Ilembe municipality director of Economic development and community service, Mike Newton, praised the co-operative movement in Kenya saying it is the largest in Africa.
Present during the occasion included the Permanent Secretary in the
ministry, Benjamin Sogomo and the commissioner of co-operatives, Humphrey Mwangi, among others.
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