This archive report was first published on 21 June 2021.
Kenya's Sacco Sector Sees Leadership Changes ¶
June 21, 2021
Kenya's Sacco sector has witnessed significant leadership changes in recent times. Imarika Sacco, a progressive Sacco known for its good performance, has welcomed a new Chief Executive Officer (CEO) after the retirement of Daniel Masha, who had been at the helm for 29 years since 1992. George Yongo Ngala, previously the deputy CEO, has taken over the top seat.
Ngala has been part of the cooperative movement for 19 years, serving in various managerial capacities. He joined Imarika when the Sacco had less than 5,000 members, but the membership has now grown to over 10,000.
Another Sacco, Yetu, has confirmed Denis Kirimi as its new CEO. Kirimi has been the deputy CEO and was acting as the CEO since the passing of former CEO Patrick Mugambi.
At Sasra, Peter Njuguna, formerly the manager in charge of the entire Sacco sub-sector's supervision, has assumed the seat of the Chief Executive Officer (CEO) on an acting capacity for about six months. He is awaiting confirmation by the board to succeed his predecessor John Mwaka.
Lastly, Eco pillar Sacco CEO Shadrack Ruto Tomiyan has joined the West Pokot County government's treasury as a senior official. He has been succeeded by Fred Siywat, one of the senior managers at the Sacco.
