Cooperatives read mischief in proposed law change

Citizen Business

Business / Citizen Business 33 Views comments

Cooperative societies have opposed a move to change the Cooperative Societies Act and the Sacco Societies Act to bring in non members into the societies. According to the Co-operative Alliance of Kenya, the proposed changes contained in the Miscellaneous Amendment Bill 2018 are punitive and run the risk of breaking the spirit of the cooperative movement. The cooperative movement has over 22,000 registered co-operative societies with an estimated membership of 15 million people which has mobilized more than Sh640 billion as at the end of 2016 an...