#cooperative financing

[coopsday]

Strengthen the Cooperative sector to promote social solidarity for economic growth.

In line with the ILO’s Promotion of Cooperatives Recommendation, 2022 (No.193), Kenya recognizes the role of cooperatives in jobs creation, resource mobilization and socio- economic contribution to the nation’s development. The Government of Kenya’s social and economic plan dubbed the Bottom-Up Economic Transformation Agenda- (BETA) has placed cooperatives at the centre of its development plan.

BETA identifies cooperatives as an enabler that can facilitate positive changes at the bottom of the pyramid. Cooperatives cannot only drive organization of producers and aggregate production at the primary level but can also be used to promote access to markets, Business Development Services, financial services, social protection among other services. Over the years the cooperative sector in Kenya has lost its competitiveness due to changes in the business environment, governance challenges, advancement in technologies, and the decreasing returns to the agriculture sector among other challenges. To enable cooperatives to anchor its development plan, the Government has embarked on a cooperative sector transformation journey to improve the sector’s productivity, efficiency, and accountability.

The ILO, through the Partnership to Improve Prospects for Forcibly Displaced Persons and Host Communities programme (PROSPECTS) has been providing technical support to the Government to develop the Kenya Cooperatives Transformation Strategy (KCTS). A sector stakeholder consultative meeting was held in August 2023 to align the sector priorities to the BETA, and to prioritize issues that needed to be addressed in the transformation. Further sector consultations at grassroot level were held to gain buy in and provide room for public participation as required by law.

From 22-31 January 2024, ILO supported the organization of a final workshop that brought together key Government departments including the State Department of Cooperatives, the Presidential Economic Transformation Secretariat (PETS), the Cooperatives University of Kenya, the Attorney General’s Office, the Kenya Law Reforms Commission (KLRC), the Council of Governors, Cooperatives Alliance of Kenya, and the SACCO Society Regulatory Authority (SASRA). The objective was to finalize the drafting of the Kenya Cooperative Transformation Strategy. During the workshop, the following 11 key pillars were identified to enable the cooperative transformation agenda in Kenya: -

Pillar 1: Policy, Legal, Regulatory, and Institutional Framework, which focuses on establishing a robust foundation for cooperative development by formulating and implementing effective policies, legal structures, regulatory frameworks, and institutions.

Pillar 2: Cooperatives Compliance, which emphasizes the importance of compliance with established regulations and policies, encouraging cooperatives to adhere to cooperative principles and legal standards.

Pillar 3: Cooperative Governance which involves mechanisms for democratic decision-making, ensuring fair representation, and establishing accountability mechanisms to enhance the overall governance of cooperatives.

Pillar 4: Cooperative Productivity, Value Addition, and Market Access, which focuses on enhancing the economic viability of cooperatives through strategies to improve productivity, add value to products and services, and facilitate market access, ultimately contributing to the economic success of the cooperative enterprise.

Pillar 5: Cooperative Training, Information, and Research, which includes building the capacity of cooperative members and stakeholders through training, information dissemination, and research for informed decision-making and continuous improvement of the sector.

Pillar 6: Cooperative Knowledge Management which puts emphasis on the systematic organization and utilization of knowledge within cooperatives. It involves the creation of knowledge-sharing platforms, documentation of best practices, and fostering a culture of learning and innovation to enhance the overall knowledge base of the cooperative community.

Pillar 7: Cooperative Financing and Investment which addresses the financial aspects of cooperative development, including mechanisms for raising funds, managing finances effectively, and promoting responsible investment practices to ensure the financial sustainability of cooperative enterprises.

Pillar 8: Information, Technology and Digitization which explores the integration of Information and Communication Technologies (ICT) and other innovative technologies within the cooperative sector. This pillar aims to enhance efficiency, connectivity, and competitiveness through the adoption of modern technologies.

Pillar 9: Inter-Linkages and Coordination with Strategic Partners which underscores the importance of collaboration and coordination between cooperatives and various strategic partners.

Pillar 10: Cooperative Communication which focuses on promoting collaboration, transparency, and unity among members, stakeholders, and the broader community for social solidarity.

Pillar 11: Cross cutting Issues: Climate Change, Disaster Preparedness, Gender Inclusivity, Refugee Inclusion, Mainstreaming Youth, and PWDs, Peaceful Coexistence and wealth Distribution, which addresses key overarching concerns that have a profound impact on the cooperative sector.

The workshop also served to prioritize the transformation pillars and review the legal framework (Act and Regulations) that will enable the implementation of the strategy. As a next step the strategy, revised Cooperatives Bill and Regulations will be presented to the responsible parliamentary committee for enacting, before rolling out the implementation plan. The ILO will continue to provide technical assistance to Government to strengthen the Cooperative sector to promote social solidarity for economic growth.

[cherryinterlude]

RAHHHHHH I LOVE TRAP 2024

[vamprisms]

one does not simply walk into mordor? thank fuck i hate walking. tell sam to pull the 1998 nissan micra around

[unhonestlymirror]

Zelensky: Ukraine recognises both Israel and Palestine. Israel has the right to defend itself but Ukraine is also ready to help Palestinians if they seek help.

Ukrainians:

Ukrainians: Zelensky is truly Jewish.

[hella1975]

im genuinely the dumbest person alive

[ea-paperbits]

People out there becoming slaves to capitalism and the patriarchy in the name of growing up and being 'adults'

[arctic-hands]

Cost of housing is bonkers and so is Indiana. If I didn't have two roommates to share rent with on my meager SSI (which is the full amount a single person can get and it's still a pittance), I would have had to move out of Indiana and back to Small Dead Factory Town, Indiana and rent my grandmother's whole house from my father for actually much more cheaper than a studio in Baltimore, and Baltimore is (or was, not sure now in the last few years) was one of the cheapest major cities in America. And even ignoring the fact that my father would be the landlord, it wouldn't have even been favoritism keeping rent low, it was around the same price as renting a whole ass house from anyone else in the town.

BUT Indiana is more violent to people like me (disabled, queer, on welfare. If I were Black or another person of color it would be even moreso, the vastly majority white and universally conservative town had an active Klan chapter until just a few years ago) than even Baltimore's violent reputation. While I was still living there pence stripped me of my life saving Medicaid. And one of the few openly queer people there was literally chased out of town and had to flee to another state after receiving multiple credible death threats for trying to organize a Pride event in June, by a group calling themselves "Whitewater Valley Groomer Removers", so like. Even ignoring the fact that I was miserable the entire four years I was living in that town (I grew up in a larger town, small city, but we moved to Dying Factory Town to be closer to my widowed grandmother), it would have been terrifyingly unsafe for a multitude of reasons

[tawghasa]

Hey, US friends!

Does anyone want to do me a HUGE favour?

[thehardkandy]

boss, audibly concerned: oh no

me: what's spiced your eggnog?

[bionikgeek]

Now that you point it out... these people know a little bit of everything and know the people to talk to to fill in the rest of the info. and now they have an entire guild of world class professionals that easily fill in each of the niches called for in the Leverage canon ready to go on strike with the Writers... I bet you a bunch of these folks know how to make HERF guns too. Also, stagehands are insane...

[socialjusticeday]

2nd Meeting, Social Forum 2024.

15h00-15h45     International Development Cooperation.    Moderator: H.E. Mr. Marc Bichler, Permanent Representative of Luxembourg to the United Nations Office at Geneva,and                                               Chairperson-Rapporteur of the Social Forum

H.E. Mr. Carsten Staur, Chair, Organization for Economic Cooperation and Development - Development Assistance Committee (OECD-DAC) and former State Secretary for International Development Cooperation, Denmark, Effective North-South Development Cooperation 

Ms. Yuefen Li, Senior Advisor on South-South Cooperation and Development Finance, South Centre, Geneva, South-South and Triangular Cooperation and the Role of Emerging Economies in Development Finance

 Mr. Fadhel Kaboub, Associate Professor of Economics, Denison University, USA, President, Global Institute for Sustainable Prosperity and Senior Advisor with Power Shift, Nairobi, Kenya, Addressing Structural and Systemic Issues for Effective Development Cooperation and Just Global Governance

Mr. Mihir Kanade, Chair, Expert Mechanism on the Right to Development, Professor and Head, Department of International Law and Director, Human Rights Centre, University for Peace (UPEACE), San José, Costa Rica, Mainstreaming the Right to Development in International Development Cooperation

Ms. Isabelle Durant, Member, Expert Mechanism on the Right to Development, Advancing Climate Finance for Just, Equitable and Sustainable Development

15h45-16h30   Interactive Dialogue

16h30-17h15   International Trade as an Engine of Development

    Moderator: Ms. Maria Andrea Echazu Aguero, Right to Development Section, OHCHR

H.E. Mr. Muhmmadou Kah, Permanent Representative of The Gambia to the United Nations, WTO and Other International Organizations in Geneva, Sharing Lessons from Gambia

Mr. Surya Deva, Special Rapporteur on the Right to Development, Reimagining Trade to Ensure Inclusive and Sustainable Development

Ms. Kinda Mohamadieh, Senior Researcher andLegal Advisor, Third World Network, Geneva, Building Just and Equitable Trade and Investment Systems for the Global South

Ms. Anoush Der Boghossian, Head, Trade and Gender Unit, World Trade Organization (WTO), International Trade, Gender Equality and Women's Empowerment    

Ms. Hana Daoudi, Economic Affairs Officer, Economic Cooperation and Trade Division, United Nations Economic Commission for Europe (UNECE), Experiences from Europe, Central Asia and the Caucasus

17h15-18h00       Interactive Dialogue      

Learn more

The Social Forum 2024 focuses on the contribution of financing for development to the advancement of all Human Rights for all

Watch the 2nd Meeting, Social Forum 2024!

[trendynewsnow]

Global Leaders Address Climate Crisis at Pre-COP29 in Baku

Global Leaders Unite at Pre-COP29 in Baku to Tackle Climate Crisis At the recent Pre-COP29 event held in Baku, world leaders convened to confront the urgent and escalating climate crisis that threatens our planet. The discussions centered around the imperative need for immediate action to cap global warming at 1.5°C, a critical threshold for avoiding the most catastrophic impacts of climate…

[primepaginequotidiani]

PRIMA PAGINA The Times di Oggi lunedì, 14 ottobre 2024

[letsgrowyourbusiness]

Skill Management: The Foundation of Financial Success

[farmerstrend]

Boosting Potato Productivity in Kenya: AGRA Unveils Initiative to Support Potato Value Chain in Kenya

In a move to increase potato productivity in Kenya, AGRA in collaboration with the National Potato Council of Kenya (NPCK), Egerton University, Kenya Agricultural and Livestock Research Organization (KALRO) and County Governments have unveiled a programme dubbed the Kenya Sustainable Potato Initiative (KSPI). L-R, Dr. Moses Nyongesa, Centre Director KALRO Tigoni, John Macharia, Country Director…

[southsouthcooperationday]

Multi-stakeholder round table 7: International development cooperation.

7th Plenary meeting- Round table at the First Session of the Preparatory Committee for the 4th International Conference on Financing for Development, Addis Ababa, Ethiopia, 22-26 July 2024.

United Nations Economic and Social Council, United Nations Department of Economic and Social Affairs (DESA), UN Trade and Development.

Watch the Multi-stakeholder round table 7: International development cooperation!