An agreement has been signed between the Cooperative Development
Ministry and UN’s Food and Agriculture Organization (FAO). Under the pact, the
country will channel its technical proficiency through the Co-operative College
of Kenya and increase Kenya’s cooperation with FAO in supporting agricultural
based Cooperatives.
This comes after the recent creation of Cooperative Alliance
of Kenya (CAK) by the government to replace the Kenya National Federation of
Cooperatives (KNFC). CAK is mandated to represent the cooperative sector at
both the national and international stage. The institution is further mandated
to make investments on behalf of the 12,000 cooperatives registered in the country.
During the meeting that is in line with the International
Year of Cooperatives (IYC), the Minister of Cooperatives Development Joe Nyagah
highlighted that Kenya’s Cooperative sector is the largest in Africa and 7th
in the world.
He also added that cooperative sector contributes 40 per
cent of the GDP, more than 30 per cent of national saving and has a membership
of 10 million in 12,000 cooperatives in Kenya.
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