The Board of Directors

The Chairman

Hon. Ranguma was appointed as the chairperson of the Authority on 6^th February 2023.He has a Master of Science M.Sc. in Accounting and Finance from the University of Illnois Urbana – Champaign.

CPA Ranguma is a Member of the Institute of certified Public Accountants of Kenya (ICPAK) amongst other affiliations such as Institute of Certified Public Secretaries of Kenya (ICPSK) and Kenya Institute of Management (KIM).

He has held key leadership positions with over 30 years’ experience amongst them being the pioneer Governor of Kisumu county in 2013.

Prior to joining Kisumu County, CPA Ranguma was the first Commissioner of Domestic Taxes of the Kenya Revenue Authority where he was extensively involved in tax policy formulation and administrative reform, Public Finance, International and bilateral organizations and general oversight. He was also advisor to Justice Network International on transfer pricing and negative tax policies affecting developing countries.

Previously, Mr Ranguma was a partner of BDO Binder, an International accounting firm for more than 25 years where he developed extensive networks as an Advisor, Consultant ans manager with vast knowledge in Audit, Finance and development, Institutional restructuring, reconstruction, mergers and acquisitions, debt restructuring, receivership management, project management and divestiture planning.

Mr Ranguma also worked as a Joint Receiver Manager where he revived the Muhoroni Sugar company to successful operations.

CPA Ranguma brings on board a wealth of experience as a strategic leader with expansive knowledge in governance, Public Finance, policy and system reviews and Strategic Management that will propel the Authority in execution of its regulatory mandate to financial stability.

Director

Ms. Moraa was appointed as a Board member of the Authority with effect from 23^rd June 2023.

She has a Master of Laws Degree (LLM) from University of Cape Town (South Africa), a Diploma in Law from Kenya School of Law and a Bachelor of Law from the University of Nairobi.

Prior to her appointment, Ms. Moraa served as the Legal Advisor in the office of the Governor, Nyamira County.   

Ms. Moraa is an Advocate of The High Court of Kenya and has served as a judicial officer in various capacities across the country.

With this vast experience that spans over 23 years in Law, Justice Administration in the Public and Private Sectors within Legal System, Ms. Moraa brings on board this  expertise that will be key in execution of the Authority’s regulatory mandate.

Ms. Moraa is a Member of Institute of Certified Public Secretaries and Law Society of Kenya.

Director

Mr. Rono was appointed as a Board member of the Authority with effect from 16^th June 2023.

Mr. Rono is a holder of a Master of Personnel Management (MPM), Industrial Relations and Labour Welfare, Bachelor of Commerce (B. Com) Finance and Banking from Poona University (India). He also holds a Masters in Human Resource Management (MSC) from the University of Central England (UK) and is currently undertaking a PhD (Graduate Entrepreneurship) at the University of Birmingham in the United Kingdom.

Mr Rono also holds a Certificate in Trusteeship from Humber University in Canada and a Corporate Governance from the Kenya Centre of Corporate Governance.

Prior to his appointment, Mr. Rono was working as an Adjunct lecturer in the Faculty of Commerce at Egerton University. Served as the chairperson of the Local Committee at the Kenya Revenue Authority from 2013 to 2015, a Non-executive Director at Consolidated Bank of    Kenya, Chairperson Staff and risk committee of the Board, Managing Trustee of Consolidated Bank Pension Scheme and an International Business Consultant/Trainer with the Platinum Consultants, in Birmingham City.

He brings on board his key competencies in people management, Finance and Banking, service delivery, and operational procedures that will enhance achievement of exceptional results through motivated human resource capital and consumer focus.

Mr Rono is a Member of the Institute of Directors (IOD) and a Full Member of the Institute of Human Resource Management (IHRM).

Mr. George Maina Mwangi 

Director

 Mr. George Maina Mwangi was appointed as a Board Member of the Sacco Societies Regulatory Authority (SASRA) effective 17th January 2025. He brings over 18 years of extensive experience in the commercial sector, with a strong background in information technology, financial services, and life sciences.

Currently, Mr. Maina serves as the Managing Director of a leading life sciences company specializing in bio-baking and biosafety solutions. Prior to this, he held various positions within Equity Bank Group, rising through the ranks to serve as an ICT Systems Officer. His expertise in IT is backed by a Diploma in Information Technology, a Microsoft Systems Engineering Certification, and a Microsoft Certified Professional Certificate from the Kenya School of Professional Studies.

Beyond his corporate engagements, Mr. Maina is a seasoned entrepreneur. He has also demonstrated strong leadership in community initiatives. His commitment to social impact extends to youth empowerment, environmental conservation, and infrastructure development.

Mr. Maina’s diverse expertise and leadership experience position him as a valuable asset to the Authority’s Board, contributing to the fostering a financially inclusive, member-centric, and stable SACCO industry.

Director

Ms. Cynthia J. Lekolool was appointed as a Board Member of the Authority effective 18^th October 2024.

She holds a Master of Business Administration from the University of Wales College of Cardiff, Cardiff Business School (UK), a Bachelor of Science in Financial Services from the University of Manchester Institute of Science and Technology (UMIST), UK, and a Bachelor of Commerce from the University of Nairobi, Kenya.

With over 30 years of experience in Financial regulation at the Central Bank of Kenya (CBK),  Ms. Lekolool brings a wealth of expertise in adopting and implementing best practices in Regulatory Frameworks, Corporate Governance, Risks, Controls and Compliance Management. Her leadership is pivotal in fostering a conducive business environment in the Sacco subsector, while contributing to the attainment of the Authority’s vision.

Ms. Lekolool also represents the Governor of the Central Bank of Kenya (CBK) as an Executive Committee member at the African Rural and Agricultural Credit Association (AFRACA). She has a vast training on various areas such as Anti Money Laundering, Leadership, Risk Management among others.

Ms. Lekolool is an Associate of the Chartered Institute of Bankers (UK) and a Member of the Kenya Institute of Management (KIM).

Director

Ms. Mwololo was appointed as an alternate to the Principal Secretary, National Treasury on 14^th October, 2015. She holds a Masters in Economics and BA in Economics from the University of Nairobi and a Post Graduate Diploma in Development Planning Techniques from the Institute of Social Studies in the Netherlands. She is currently pursuing a PhD in Economics at Kenyatta University.
 
Ms. Mwololo is a Chief Economist in the Directorate of Budget, Fiscal and Economic Affairs of the National Treasury. She has extensive experience in economic policy analysis, public finance, competition policy, project management and governance. She also has extensive experience in trade policy and regional integration matters; international and bilateral trade negotiations. She has participated in negotiations and conclusion of various bilateral and regional economic and trade agreements.

Mr. David K. Obonyo,
Commissioner for Cooperatives

Director

Mr. David Obonyo was appointed to the Board of the Authority on 17th June 2021. He was born on 4th October 1966. He is the current Commissioner for Cooperatives Development. He holds a Master of Arts in Rural Economics and Co-operation from Bundelkhand University in India and a Bachelor of Arts in Sociology and Political Science from Agra University.

 Mr. Obonyo has over 28 years of working experience in the Co-operative Movement having worked in various positions at the Ministry including being the Ag. Chief Executive Officer/ Secretary at the Ethics Commission for Co-operative Societies Board.

Mr. Obonyo is currently a member of the Corporate Services Committee and Audit, Risk Management and Corporate Governance Committee of the Board of the Authority.

Chief Executive Officer

Mr. Njuguna was appointed as the Authority’s CEO in August 2021.
 He holds a MSc. in Operations Research from the London School of Economics, UK, and a BSc in Mathematics. He is a  CPA (K) holder  and a member of the Institute of Certified Public Accountants of Kenya (ICPAK). Peter joined SASRA in 2010 and led the Sacco supervision team in formulating and implementing the regulatory, supervisory strategy towards safe and sound Sacco sub sector in Kenya. Previously, he worked with World Council Of Credit Unions (WOCCU) as financial specialist and project Director, CIC and CBK.

Corporation Secretary

Mrs. Ragama joined SASRA in 2010 in the legal department and serving as the Board secretary. She is currently the Corporation Secretary and Director Legal Services.
Roselyn is an advocate of the High Court of Kenya and holds an LLM from University of Nairobi specializing in Corporate Governance, LLB (Hons) and Post Graduate Diploma in Law from Kenya School of Law, CPS (K) and Diploma in Cooperative Management. She is a member of the Institute of Certified Public Secretaries of Kenya and Institute of Directors of Kenya.