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Originally published by The Standard BusinessFebruary 5, 2026
2w ago
Why Sacco is rejecting delegate system for large cooperatives

Members of Tower Sacco have rejected a government directive requiring cooperative societies with at least 5,000 members to adopt a delegate system...
✨ Key Highlights
Members of Tower Sacco in Nyandarua have unanimously rejected a government directive mandating a delegate system for cooperative societies with at least 5,000 members, citing concerns over transparency and potential manipulation. This decision was made during the Sacco’s 50th annual general meeting held in Ol Kalou.
- The Tower Sacco, with approximately 240,000 members, fears the delegate system could compromise its stability, echoing past failures of other cooperatives.
- Ben Gitahi and Joseph Mbugua led members in opposing the directive, with Mr. Mbugua stating, "The delegate system killed other societies because the delegates are prone to being compromised."
- Members also rejected a proposal to increase the Sacco's dividend rate, which remains at 13%, despite arguments that some other Saccos offer up to 14%.
- The AGM also celebrated 13 needy students, sponsored by the Sacco, who qualified for university admission in the 2024 KCSE examinations.
- CIC Group Chief Executive Officer Patrick Nyaga urged the Sacco to embrace technology while prioritizing cybersecurity.
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