The Kenya Union of Savings and Credit Co-operatives (KUSCCO) has made changes to its top leadership after the departure of National Chairman George Magutu and the Group Managing Director George Ototo.
In a circular addressed to all Savings and Credit Co-operatives (SACCOs) dated January 15, 2024; David Langat from Imarisha Sacco in Rift Valley region is now the new National Chairman replacing Magutu, while David Moyia from Invest and Grow Sacco (IG Sacco) in Western region is the new Vice-National Chairman.
“This is to inform you of important changes in leadership at KUSCCO Ltd. We announce the departure of National Chairman Mr. George Magutu and Group Managing Director Mr. George Ototo. We would like to express our sincere gratitude for their dedicated service and contribution to the growth and success of the Union during their tenure,” reads the circular signed by the new National Chairman David Langat.
“In view of the above, Mr. David Langat from Imarisha Sacco in Rift Valley region is now the National Chairman of the Board of Directors of KUSCCO. The Vice National Chairman is Mr. David Moyia from Invest & Grow Sacco in Western Region,” the circular adds.
In notice also, the Board has appointed Arnold Munene as the Group acting Managing Director with effect from January 15, 2024 after the exit of Ototo.
“The Board of Directors appointed Mr. Arnold Munene into the role of Acting Group Managing Director with effect from January 15, 2024. He brings a wealth of experience and proven track record in Co-operative Movement and we are confident that he will lead KUSCCO to new heights,” announced Langat.
In the notice, the new National Chairman noted that the transition is part of the Union’s ongoing efforts to ensure efficient service delivery to its members.
“We appreciate all our members for their continued support and we wish to reassure you that KUSCCO remains a stable organization committed to the growth of SACCOs. The Union has been in operation for the last 50 years and advocates for an enabling legislative and policy environment for the growth of SACCOs,” Langat said.
“We understand the changes can bring uncertainty, but we assure you that this transition is part of our ongoing efforts to ensure service delivery to members. We appreciate your support and partnership.” He concluded.
By Roy Hezron
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