The government intends to inaugurate a new Co-operatives Act during this year’s Ushirika Day celebrations, Cabinet Secretary Simon Chelugui (pictured), said yesterday.
Chelugui who is in charge of Cooperatives and Micro and Small Enterprise said development of Cooperatives Bill No. 7 of 2024 marks a significant milestone in its legislative efforts. This Bill, he said, has overcome the last hurdle following an amicable agreement between the Ministry and the Council of Governors on contentious and emerging issues.
“We expect a new Cooperatives Act that will be launched by His Excellency the President in July during this year’s Ushirika Day celebrations,” he said during the Annual National Co-operatives CEOs workshop in Mombasa. Chelugui said the new legislation provides a comprehensive framework for the regulation of cooperatives by both levels of government, while also promoting self-regulation within the co-operative structure and enhancing governance tools.
