Sasra seeks new CEO amid Sacco collapses
The new CEO will serve a four-year contract, renewable once subject to satisfactory performance. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Amidst recent Sacco collapses and significant financial losses for savers, the Sacco Societies Regulatory Authority (Sasra) is actively seeking a new Chief Executive Officer.
- Over Sh13.3 billion was lost due to mismanagement and fraud at Kenya Union of Savings and Credit Co-operatives Limited (KUSCCO).
- Key organizations involved include Sasra and KUSCCO.
- The new CEO will be appointed on a four-year contract and must possess extensive experience in financial management and co-operative practices.
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