‘Shift from harambees to co-operatives’, Prime CS Mudavadi urges Kenyans
Prime Cabinet Secretary Musalia Mudavadi (centre) and Ministry of Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development Cabinet Secretary Wycliffe Oparanya (left) present a certificate of recognition and a trophy to Co-operative Bank Group Managing Director and CEO Dr. Gideon Muriuki(right) for emerging as the top performing non-withdrawable deposit-taking Sacco 2024, during Ushirika Day in Nairobi, on July 12, 2025.
Photo credit: Wilfred Nyangaresi | Nation Media Group
Prime Cabinet Secretary Musalia Mudavadi has warned that Kenya’s economy remains exposed to capital flight whenever political unrest erupts—unless anchored on strong domestic savings through cooperatives.
Cooperatives, Mr Mudavadi said, offer a more sustainable and inclusive approach to wealth creation, especially for communities traditionally left out of formal financial systems. With Kenya ranked as Africa’s leading cooperative nation, he said there is an opportunity to build a resilient, homegrown economy rooted in local savings.
