Imarisha Sacco Vice Chairman David Langat. He is the new KUSCCO National Chairman.

Change of guard as KUSCCO gets new Chairman, Managing Director

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…

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SACCO

Prudent planning for success of cooperatives

Cooperatives today have become very important drivers of personal financial growth and the route to member’s economic empowerment. Since the first cooperative society was formed in Kenya and its subsequent success, both the private and public sectors embraced cooperatives as vehicles to financial breakthrough. Cooperatives must adopt the best policies, bylaws and strategies because good…

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Saccos ordered to produce audit reports

By Erick Nyayiera Kisumu County Government’s department of co-operative development has ordered all cooperative societies in the region to produce audit reports or risk punitive action. County Executive Committee Member in charge Business, Industrialization and Energy Alice Moraa deplored a tendency adopted by Saccos where they produce doctored audited reports that do not depict the…

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Mercy Njeru joins KUSCCO as Manager

KUSCCO has appointed Mercy Njeru  as its Advocacy Manager in charge of KUSCCO’s core objective of advocating for Saccos in Kenya. She is a PhD student in Leadership and Governance, a holder of an MBA in Strategic Management, BBA Accounting and Finance and a Diploma in Co-operative Management. Mercy was formally the Chief Executive Officer…

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