Government announces plan to privatise cash-strapped KCC company

The government has announced plans to privatise struggling Kenya Co-operative Creameries as part of addressing farmers’ payments and productivity...

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The Kenyan government plans to privatize the struggling Kenya Co-operative Creameries (KCC) to address issues with farmer payments and productivity. Co-operatives CS Wycliffe Oparanya announced the move, citing the milk processor's inability to pay farmers for milk supplies.

The KCC owes farmers millions in milk supplies.
Cabinet Secretary Wycliffe Oparanya is leading the initiative.
The Ministry has suspended the registration of new Saccos due to viability issues and is working to amend the Saccos Society Act 2008.
A new Cooperative Bill, pending for over 15 years, is expected to be enacted by March next year to tackle governance and mismanagement.

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