Principal Secretary Department for Cooperatives Patrick Kiburi Kilemi has asked Sacco members to always hire competent officials to run the SACCOs.
He said incompetent officials are not able to perform leading to poor performance of most firms.
Speaking during APSTAR Sacco (former Ukulima Sacco) 46th ADM at Serena Hotels he said the board should also not be afraid in replacing underperforming top leaders.
READ ALSO:
President Ruto urges investors to put their money in Kakamega
Kilemi pointed out that firing CEOs is among roles of the board.
“Leadership is about making important decisions including tough decisions. The ADMs are important for delegates to also make important decisions,” he said.
He commended APSTAR Sacco leadership which he said has made the Sacco maintain its good financial record which has kept the organisation among top performers.
The Sacco National Chairman Dr Philip Cherono said they recorded growth in assets from KSh14.658 billion in the year 2022 to KSh15.175 billion last year.
By Obegi Malack
Get more stories from our website: Sacco Review.
For comments and clarifications, write to: Saccoreview@
Kindly follow us via our social media pages on Facebook: Sacco Review Newspaper for timely updates
Stay ahead of the pack! Grab the latest Sacco Review newspaper!
