Form Saccos to help you Grow economically, CS Owalo urges residents of Nyanza

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Cabinet Secretary in charge of ICT and Digital Economy Eliud Owalo addressing Members of Women Groups in Migori County at Awendo area-Photo By Dickson Odhiambo

By Dickson Odhiambo

 

September 23, 2023

 

Form Saccos to help you Grow economically, CS Owalo urges residents of Nyanza

 

THE Residents of Nyanza region to embark on forming Savings and Credit Cooperative Societies to help them grow and have sustainable development.

 

Cabinet Secretary in charge of ICT and Digital Economy Eliud Owalo says this is one of the ways for the residents of Nyanza region to invest and Grow economically and have sustainable  development within their areas.

 

Addressing Members of various women Groups who engage in various businesses in Migori County today during an economic empowerment program, CS Owalo says Saccos have done marvelous work in terms of investments and has helped people at the grass root level to grow economically.

 

Owalo says there is need for the residents to get into formal groupings that will constitute the Cooperatives Societies, add no group has gone wrong with formation and well-managed Saccos within the country.

 

Owalo has further urged the residents to consider taking Hustler fund loans individually or as a group so as to help in boosting their businesses across the country.

 

Owallo says the Funds is now fully operational and Kenyans should take advantage of the Hustler funds.

 

Owallo says there is also the women enterprises fund that can be fully utilized by women across the country, adding that the current Government of Kenya Kwanza has operationalized it.

 

CS Owalo adds that the Government has put in place measures to ensure that people at grass root level are empowered economically through provision of funds such as Hustler and Women Enterprise Funds.

 

Lucy Obungu from the Department of the Blue Economy urges Kenyans to utilize the Blue economy sustainably.

 

She says blue economy is not only about fishing but has some components like Tourism, Wind energy production, Fishing and Transport among others.

 

 

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