Cooperatives asked to meet members’ needs to boost growth


A team of top CEOs of Savings and Credit Co-operative Associations (SACCAs) drawn from across USA, Europe and Canada, who are in the country for the Inaugural ACCOSCA International CEOs’ Summit which ends on November 11, have called on Kenyan Saccos to strive to meet the needs of their members as a pivotal strategy towards growth.

The visiting global CEOs spoke on Wednesday at Sawela Lodge in Naivasha, Nakuru County, during the Annual Cooperative Leaders Consultative Conference hosted by Cabinet Secretary for Cooperatives and MSMEs, Simon Chelugui.

According to Chelugui, the conference themed; ‘Cooperatives Engaging Sustainable and Climate Change Practices to Spur Economic Growth’ was centered on exchanging knowledge among various sub-sectors within the cooperative movement, with the ultimate goal of establishing collaborations and partnerships.

“We are privileged to host this event attended by over 300 senior Kenyan cooperative leaders, among them cooperative leaders, policymakers, experts, and representatives from diverse sub-sectors who deliberated on how to spearhead a positive change in the cooperative movement sector so as to spur the economic growth of communities,” Chelugui said.

Cooperatives CS Simon Chelugui poses for a group photo with the visiting CEOs and a section of the country’s cooperative industry leaders after the event.

Under the guidance of the African Confederation of Cooperative Savings and Credit Associations (ACCOSCA), a series of stakeholder meetings have taken place and cooperative movements across the country have been visited. These efforts are a build-up to the 2024 SACCA Congress to be hosted in Nairobi next year.

The visiting cooperative executives were Bill Cheney, the CEO of SchoolFirst Federal Credit Union (USA), Marlene Shiels, the CEO of Capital Credit Union (Scotland), and Maurice Smith, the CEO of Local Government Federal Credit Union (USA) among 29 other top executives.

ACCOSCA Executive Director George Ombado explained how the ACCOSCA Academy Centres of Excellence are professionalizing cooperative systems across the continent.

The 2023 SACCA Congress was held in Gaborone, Botswana from October 8 to 13.

The Congress is Africa’s largest annual financial event, bringing all credit unions on the continent and beyond.

By Amos Kerich

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