County Government, Co-op Bank and KICOSA Signs 200 Million deal.


Sunday, December 30, 2018

By Gabriel Ndeleva

Kitui County Governor Charity Ngilu earlier today met Kitui Contractors Sacco (KICOSA) Members in Kitui town, on a follow up meeting, on how to empower them technically and financially.

Speaking at the meeting, the Governor said she had held talks with the Co-operative Bank management and agreed to finance purchase of road construction Machinery worth sh200 Million – with the County government as the guarantor.This, she says, will enable them own machinery and avoid hiring from other counties thus saving on construction cost.

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“The bank will buy the grading machines, give them to you for use then the bank will deduct their amount during payments of completed works”. She said.Ngilu said the move was a major boost to the fifth agenda in her manifesto of Wealth creation through savings from the plan.The County targets grade 2000 Kilometres of road, improve road networks in the entire county with each ward getting 50 Kilometres graded. “With the 200 Km of infrastructure we intend to improve at a cost of sh 400 Million, it’d be uneconomical to spend at least sh200 Million through hiring of machines. That’s what inspired my decision to search for a deal with Co-operative Bank” Mrs Ngilu added.


She urged them to embrace the new kind of development that she is focused on doing in the county and said the county was embracing a paradigm shift in matters developmet.She added that her focus was on empowering residents from consumers to producers to improve the economy and eliminate poverty in the county.

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She said all leaders in the county have the duty to serve and condemned those engaging in blackmail to cease and join her development plan.She was accompanied by CECM Finace Mary Nguli, CECM Trade and Cooperatives Philip Mumo, CO Trade and Cooperatives Clement Munyithya, CO LIHUD Eng. Syengo, CO Finance Enoch Nguthu, Head of manifesto implimentation unit Mr Nene Nzyuko and the Technical and implementation advisor Mr Odanyiro Wamukoya.