New KCC asks for Sh3bn for milk powder reserve fund

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A milk shop at the New Kenya Cooperative Creameries Eldoret factory in Uasin Gishu County on February 06, 2023. PHOTO | JARED NYATAYA | NMG

The New Kenya Cooperative Creameries (KCC) has asked Parliament to allocate Sh3 billion for the implementation of the Strategic Milk Powder Reserve Fund meant to stabilise prices during glut and deficit.

New KCC told the National Assembly’s Trade, Industry and Cooperatives that it needs an initial Sh500 million as an initial seed capital.

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