Uhuru's Tough Order to CS Munya

President Uhuru Kenyatta, on Saturday, issued a tough directive to Trade and Industrialisation Cabinet Secretary (CS), Peter Munya.

While speaking during the 97th International Co-operative Day held at the KICC, the president ordered Munya to ensure that the proposed Sacco Societies Fraud Investigation Unit (SSFIU) was operational.

The body will operate under the Sacco Societies Regulatory Authority (SASRA).

Uhuru also asked the ministry to facilitate the creation of a central liquidity facility which will enable SACCOs to participate in the national payment system.

"Our goal as a government is to serve as facilitators and enablers, to clear the path for cooperatives so that they and their members can realise their full potential,” he remarked.

The president explained that SACCOs had a huge role to play in the achievement of the Big Four agenda. 

Uhuru stated that they would partner with the sector to ensure that as many Kenyans as possible enjoy the dignity of owning their own decent homes.

“I am informed that with over 1,980 housing/investment cooperatives with an asset base of Sh31 billion, cooperatives are an ideal vehicle to provide at least 25 per cent of the 500,000 new houses required across the country,” he added.