NAIROBI, Kenya– The Ministry of Cooperatives and Micro, Small and Medium Enterprises (MSMEs) has inaugurated a new Transition Board of Directors for the Kenya Union of Savings and Credit Cooperatives (KUSCCO), marking a key milestone in ongoing efforts to overhaul the cooperative sector.
This follows the expiry of the interim period of the previous interim board, which had been in place since May 1, 2024.
The new board, appointed by the Commissioner for Cooperative Development, will serve a two-year term and is expected to play a pivotal role in restructuring KUSCCO following a turbulent financial period.
Cooperatives and MSMEs Cabinet Secretary Wycliffe Oparanya, in a statement, asserted that the new team will be tasked with leading the restructuring of the union to enhance efficiency and corporate governance.
“Their mandate also includes overseeing asset recovery and protection of cooperative members’ interests,” he said.
Likewise, the 11-member team will be instrumental in preparing KUSCCO for its transformation into a National Cooperative Federation.
The newly appointed members of the Transition Board are David Mategwa, Jennifer Mburu, Robert Njue, Osmane Khatolwa, John Ziro, Brenda Obondo, Philip Rirei, Michael Muriithi, Priscilla Maranga, Mary Kweyu, and Charles Kioko.
KUSCCO has been laden by a load of multi-billion-shilling scandal, which saw it lose more than Sh13.3 billion due to a high-octane fraud at the leadership level.
