Tower Sacco CEO Patrick Njenga speaking during the Sacco's special general meeting.

Saccos turn to youth to reverse ageing membership crisis

Saccos are turning to young people to address an ageing membership base, with youth demanding faster, mobile driven financial services. Officials are urging Saccos to offer youth friendly products, digital services, financial education and clear pathways into leadership. Experts say mentorship, transparency and support for youth enterprises are key to making young people feel included…

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Acting Chief Executive Officer (CEO) Philemon Chebii. Photo: Philemon Chebii on Linkedin

Boresha Sacco appoints Philemon Chebii acting CEO as Jacob Mengich retires

Boresha Sacco appoints Philemon Chebii acting CEO as Jacob Mengich retires. Chebii, a over 20-year Boresha Sacco veteran, takes over as acting CEO. Board names Philemon Chebii acting CEO pending substantive appointment Boresha Sacco has appointed Philemon Chebii as the Acting Chief Executive Officer (CEO) following the retirement of Jacob Mengich who has been holding…

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The Cooperative Alliance of Kenya (CAK) Chief Executive Officer-Daniel Marube-Photo|Courtesy

Cooperative leaders warn of looming leadership crisis as kenyan youth shun SACCOs

The absence of young people in SACCOs means many are missing out on the chance to learn financial discipline, savings culture and investment principles that have sustained the sector for decades. The widening age gap in leadership and participation raises uncertainty over succession. Kenya’s cooperative movement is staring at a leadership vacuum in the next…

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Head of Protocol in the Office of the Deputy President-Gideon Kimathi-Photo|Courtesy

Members urged to safeguard cooperative movements by electing credible leaders

Kenyans have been urged to safeguard the growth of cooperative movements by electing credible leaders capable of championing farmers’ welfare at both the national and local levels. The call was made by Gideon Kimathi, Head of Protocol in the Office of the Deputy President, during the Meru Ushirika Day celebrations held at Kaaga Methodist Church…

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Kivuli universal sacco members-Photo|Fredrick Odiero

Kivuli Universal Sacco elects new leaders during 8 th annual general meeting

Members of Kivuli Universal Sacco have elected new office bearers during their annual general meeting held in Nyakach Sub County, marking a fresh chapter in the cooperative’s leadership. The elections saw Kevin Jaoko retain his position as Chairman, while Bob Odhiambo Achila was elected Vice Chairman. Evans Kiaye secured the Secretary’s post, and Maureen Atieno…

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SACCO Saccos

Why Saccos should institutionalize good corporate governance

Good corporate governance is a system by which an organization is directed, controlled and held accountable by its shareholders and stakeholders. In this case, good corporate governance goes beyond compliance with basic legal requirements. It provides a framework on which a culture of business integrity, accountability and standardized best business practices are established. The Sacco…

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