Home / Business & Development News / Busia County to offer Sh50m grants to five co-operatives
Photo: Busia County Executive Committee Member for Trade, Co-operatives and Industrialization Judith Maketso reading Governor Sospeter Ojaamong’s speech during the 96th Ushirika Day Celebrations at Busia Polytechnic on Saturday.

Busia County to offer Sh50m grants to five co-operatives

Five co-operatives Societies will be offered grants worth Sh50million in the financial year 2018/2019, Busia Governor Sospeter Ojaamong has revealed.

In a speech read on his behalf by Executive Committee Member for Trade, Co-operatives and Industrialization Judith Maketso during the 96th Ushirika Day Celebrations at Busia Polytechnic on Saturday, the Governor said Luanda Cotton farmers has been allocated Sh16m for ginnery rehabilitation.

He said Sh11m will go to Bunyala fisherman cooperatives, 8m for purchase of a truck and Sh3m for improvement of the ice plant.  Sh5m will go to Jairos cotton farmers, Sh7m to Nambale Dairy farmers to purchase coolers and Sh8m to Butula Dairy Farmers to kick start the milk processing project.

The Governor said his government also availed Sh18m grant to Magombe Multi-purpose co-operative through JICA initiative which was used to purchase nine tractors to boost rice production.

‘’ Sh11m was offered to Bunyala farmers cooperatives to construct a fish filleting plant. Adungosi and Funyula dairy farmers received grants to undertake renovations, ’he said.

The Governor said since the formation of the Cooperative Enterprise Fund in 2014, a total of sh86.6million has been disbursed to 70 cooperative societies across the county.

Matayos Sub County takes the lion’s share with 21.7m, Samia and Nambale received Sh12.6m each. Bunyala (10.8m), Butula (Sh8.1m), Teso North (Sh5.3m), Teso South (sh4.8m) and others (County wide cooperatives) 10.4m.

In the 2017/2018 financial year, the Governor said his Government funded Nambale and Bus Stop boda boda saccos to purchase 10 motorbikes each, Budalangi boda boda sacco five motorcycles and Western Travelers Sacco for purchase of one mini-bus.

The Governor said cooperatives which received pat of the amounts in the 2017/2018 FY, will receive the balance after the supplementary budget is prepared by the county planning committee.

‘’ As a county we remain committed to empowering our cooperative movement and I pledge my unwavering support to all our cooperatives,’’ he said.

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