This archive report was first published on 23 August 2021.
On August 23, 2021, the Sacco Societies Regulatory Authority (SASRA) Board confirmed the appointment of Peter Njuguna as the Authority's Chief Executive Officer (CEO), effective immediately.
Mr. Njuguna has been acting as the SASRA CEO since April 2021. He has 20 years of diverse and rich professional experience in the Kenya financial sector, both in the market and regulatory space.
Before joining SASRA in 2010, Njuguna worked with the World Council of Credit Unions' (WOCCU) in Kenya, where he developed the management and technical capacity of SACCOs. He was also involved in institutional assessment, strategic business planning, organizational restructuring, policy development, training, and program implementation.
As the convener of the Task Force appointed by the Cabinet Secretary in 2019, Njuguna developed regulations for non-deposit taking Sacco societies, published in May 2020. He is currently leading the project on a shared technology platform for SACCOs, supported by the Government of Kenya and the World Bank.
While congratulating Mr. Njuguna on his appointment, SASRA Chairman Mr. John Munuve said, 'Njuguna's appointment is part of a broader strengthening of the Authority's operational and service excellence, aligned to its strategic transformation plan.'
Njuguna holds a Master of Science in Management Science from the London School of Economics and a Bachelor of Science in Mathematics from the University of Nairobi. He is also an accountant and a member of the Institute of Certified Public Accountants of Kenya (ICPAK).
