MSMEs Cabinet Secretary, Wycliffe Oparanya, has appointed a new Board of Directors for the Kenya Union of Savings and Credit Cooperatives (KUSCCO), marking the end of the previous one-year interim board’s term.
The new KUSCCO Board members include National Chairperson, Kenya National Police DT Sacco David Mategwa, National Vice Chairperson Mhasibu Sacco Jennifer Mburu, WINAS Sacco’s Robert Njue and Stima DT Sacco’s Osmane Khatolwa.
Others are John Ziro (Imarika DT Sacco), Philip Rirei (Noble Sacco), Michael Muriithi (Unaitas Sacco), Priscilla Maranga (Office of the Commissioner), Brenda Obondo (KMA Sacco), Mary Kweyu (Invest and Grow Sacco) and Charles Kioko (GDC Sacco).
The new board will serve a two-year term and has been tasked with steering KUSCCO through a major organisational restructuring and preparing it for its transition into a national federation.
“These appointments are aimed at strengthening the Sacco movement in Kenya and KUSCCO's stability, accountability, and enhanced service delivery for the benefit of all Saccos nationwide,” the CS added.
The newly constituted Board has been tasked with spearheading key initiatives, including but not limited to restructuring the organisation to enhance efficiency and governance, recovering assets to safeguard the interests of Cooperative members and preparing KUSCCO for its transition into a Federation.
Oparanya noted that the government remains committed to supporting reforms that will enhance the resilience and sustainability of SACCOs across the country.
The outgoing board was praised for its role in executing a recovery strategy, amending the union bylaws, and overseeing crucial audits.
“I commend the previous Interim Board of Directors for their sterling performance,” he said.
“The appointment of the new Board marks a crucial step in revitalising KUSCCO and ensuring its stability and growth in alignment with the government's Cooperative sector reforms."
The previous team achieved developing and implementing the recovery strategy of the Union and reconstructing the books of accounts to reflect a true and fair view of the Union's affairs.
They also oversaw the completion and implementation of the statutory and forensic audits, and amended the Union By-laws to incorporate recommendations of the recovery strategy.
