Shareholders of the Muka Mukuu Farmers Cooperative Society in Matungulu, Machakos County, have been discouraged from selling their shares.

Addressing members yesterday during an Annual General Meeting at the society’s grounds, the society’s chairman Dominic Nthwao said it was on the path to recovery and asked members not to sell their shares.

“We have passed many resolutions today including the continuation of the stone harvesting project. We ask members not to sell their shares as that would be selling the inheritance of their children,” said Nthwao.

The society, which was established in colonial days, had been moribund but has now embarked on various recovery strategies after a comprehensive audit of its assets.

He said among the recovery strategies include leasing out part of the land for stone harvesting, leasing the coffee farm to Delmonte company and having the management committee arbitrate on internal dispute to minimise expenditure incurred on numerous court cases.