C
Originally published by Capital Business
📰 Read Full Article
business
February 24, 2026
7h ago

Sasra seeks new CEO amid Sacco collapses

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.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article
Advertisement
Advertisement