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Co-op Bank gets nod to keep processing coffee payments
Coffee beans on display for auction at the Nairobi Coffee Exchange (NCE) located at the Kenya Planters Cooperative Union (KPCU) along Haile Sellassie Avenue on October 2, 2018.
Co-operative Bank of Kenya has received an extension to continue processing payment to coffee farmers through its system, following the postponement of the transition to direct payments into farmers' individual accounts.
The government had planned to migrate from Co-op’s Direct Settlement System (DSS) starting July 1 to paying farmers directly, but this has now been put on hold.
