Cooperatives and Micro, Small and Medium Enterprises Development Cabinet Secretary Simon Chelugui has urged SACCO leaders to attend the Annual Savings and Credit Cooperative Association Congress so as to exchange knowledge on cooperative policies and practices.
Speaking during SACCO leaders’ consultative breakfast meeting on preparedness status for the 23rd SACCA congress organized by African Confederation of Cooperative Savings and Credit Associations (ACCOSCA), Chelugui said the conference will be held in Gaborone , Botswana from October 8-18, 2023.
“This is an opportunity to showcase Kenya’s achievements, demonstrate the best practices, and discuss the leadership in cooperative matters,” Chelugui said.
Flanked by Cooperatives Principal Secretary Patrick Kilemi, the CS said the conference will promote an inclusivity agenda aligned with the government’s economic transformation agenda.
The conference brings together all Credit Unions in the continent and beyond to deliberate on issues taking precedence in the cooperative sector.
Chelugui assured cooperators that the government will continue to protect members’ funds.
Themed “Strengthening Sustainable Cooperative Financial Systems for Economic Development”, the congress will be officially opened by Botswana President Eric Keabetswe Masisi. So far, 710 participants from 32 countries have registered.
ACCOSCA Executive Director George Ombado said the congress serves as a platform for SACCO leaders, policymakers, regulators and other international stakeholders to discuss issues related to the development and growth of the Sacco sector in Africa.
A head of the congress, ACCOSCA will hold the Africa Regulator Round Table meeting from October 4-6. The meeting will be attended by regulators from 19 countries.
SASRA and other Sacco regulators from around the country will work with National Credit Union Administration, an institution in charge of regulating the federal credit unions.
The regulator forum is held to ensure Saccos act in the best interests of their members, safeguard deposits, ensure sound practices and promote financial transparency and member protection.
By Obegi Malack
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