Workers at the New Kenya Corporative Creameries, Kitale factory pack
milk butter, ready for sale on January 9, 2012. Kenya Dairy Board has
said plans to privatise the milk processor is on course. PHOTO | JARED
NYATAYA | NATION MEDIA GROUP
Kenya Dairy Board chairman Matu Wamae has said the government's
plan to privatise the New KCC and revert it to the dairy farmers is on
course.
He said the milk processor is currently 100 per cent owned by the State after it was revived.
Mr
Wamae said soon, dairy farmers who are shareholders will own the
company. He was speaking at the New KCC Nyahururu factory during a
shareholders’ Annual General Meeting on Friday.
Mr Wamae, however, pointed out that the government will retain between 10 and 20 per cent of the shares for oversight.
The
chairman, at the same time, warned farmers against electing directors
of questionable backgrounds to manage their factories when KCC is
finally restored to them.
PAYING FARMERS
The
chairman said the government is considering paying farmers who were
shareholders of KCC when it collapsed. Mr Wamae told farmers that the
New KCC is now insuring them at an average of Sh75 per month and
appealed to them to join the scheme.
“The New KCC has
entered into partnership with insurance firms and farmers should seize
the chance to insure themselves. The Sh75 monthly, which will be
deducted from milk deliveries, will cater for five members of a family,”
he said.
The
chairman disclosed that the company had entered into partnership with
financial institutions that pay farmers in advance to protect them from
delayed payments.
He encouraged the youth to engage in the dairy industry, adding that it was a critical sector that generates employment.
No comments :
Post a Comment