Hon. Simon Chelugui EGH, former Cabinet Secretary Ministry of Cooperatives and MSME Development yesterday presided over the inauguration of the SASRA Board of Directors at the Authority offices in Nairobi. In attendance was Patrick Kilemi, Principal Secretary, State Department for Cooperatives, and SASRA Senior Management led by the Chief Executive Officer, Mr. Peter Njuguna, EBS.
The CS pledged support to the Authority in the execution of its mandate for stability in the Sacco sector which is a key segment of Cooperatives in Kenya that serves a majority of the very low-and medium-income earners in the Country (the Hustlers), through provisions of their affordable financial services and products.
To realize the visions of the Bottom-up Economic Transformation Agenda (BeTA) of improving the economic livelihoods of the millions of hustlers, who are savings their hard-earned monies in SACCOs, then everyone in the sacco should participate in the ‘Shilling in the SACCO must be as Safe as a Shilling in a Bank’ narrative.
Key policy initiatives to enhance stability in the Sacco sector were extensively discussed as the Ministry promised to put efforts to ensure that all pending bills are approved and published.
