Hope For Farmers As New KPCU Gets Down To Business
The New Kenya Planters Cooperative Union (NKPCU) is starting operations with Sh7 billion assets and a State funded Sh3 billion cherry advance kitty after completion of the liquidation of its predecessor.
The NKPCU will be the custodian of buildings and parcels of land that were under control of the defunct Kenya Planters Cooperative Union (KPCU) that went under 12 years ago owing millions of shillings to coffee farmers and local banks. The handover of properties from KPCU to NKPCU has been going on for the last two weeks and is expected to close at the end of the month. NKPCU board of directors led by Henry Kinyua appointed six months ago by the government has now welcomed Joel Imitira as acting chief executive officer after he was seconded by Agriculture Cabinet Secretary Peter Munya.