November 27, 2021

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Wazalendo bosses train in Kenya

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The Chairman Board of Directors for Wazalendo Savings and Credit Cooperative Organization (WSACCO) Maj Gen Sam Kavuma and its Chief Executive Officer Col Joseph Freddy Onata successfully completed a one – week Savings and Credit Cooperative Association (SACCA) congress in Kenya’s Coastal County of Kwale- Mombasa.

The Chairman Board of Directors for Wazalendo Savings and Credit Cooperative Organization (WSACCO) Maj Gen Sam Kavuma and its Chief Executive Officer Col Joseph Freddy Onata successfully completed a one – week Savings and Credit Cooperative Association (SACCA) congress in Kenya’s Coastal County of Kwale- Mombasa.

The Congress that ran from 17th -22nd October 2021, was organized under the theme: ” Resilience of Cooperative Business Model, Integration and Sustainable Network Development.”

The Congress addressed topical issues facing SACCOs that included linking strategy to member value proposition, driving strategy through innovations to ensure sustainable cooperative financial institutions, wealth creation at household level and enhancing SACCO performance.

The Permanent Secretary in the Kenya Ministry of Cooperatives as he presided over the closing ceremony on behalf of the Minister of Cooperatives applauded the African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) for the good job they are doing in developing the resilient business model through leadership training and networking.

SACCA objectives for 2021 include:

Enhancing platforms for practitioners on financial Cooperatives on current industrial trends, sharing practical knowledge and best practices during the Covid-19 pandemic, strengthening diversity equity and inclusive development in Africa through the SACCOs Business Model.

SACCA Congress is Africa’s largest Annual Cooperative Event that brings together National Associations and individual SACCOs in Africa and all over the world to share experiences. These shared experiences enable SACCOs and Credit unions to build resilience to sustainably transform the livelihoods of their members both socially and economically.

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