CIC coaches Sacco leaders on governance and financial literacy
Over 250 cooperative leaders have been trained by CIC Insurance Group (CIC) to build sustainable cooperative enterprises at the 2025 National Cooperative Leaders Summit.
CIC Insurance Group (CIC) has trained over 250 cooperative leaders at the 2025 National Cooperative Leaders Summit, empowering them with the tools to build sustainable, resilient cooperative enterprises.
The summit focused on equipping participants with critical knowledge, skills, and strategies to strengthen their cooperatives as engines of economic growth.
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With a goal of training 5,000 leaders by the end of 2025, CIC’s programme focuses on financial literacy, corporate governance, leadership, and risk management—key pillars for ensuring the long-term success of cooperatives and their members.
Speaking at the Summit, Ministry of Co-operatives Cabinet Secretary Wycliffe Oparanya stated that cooperatives are key players in the country's push for financial inclusion given that they provide accessible financial services to millions of Kenyans who might otherwise be excluded from the formal financial system.
"As we look to the future, we must strengthen and adapt the cooperative sector to meet the challenges and opportunities of our time. We must focus on enhancing cooperative entrepreneurship, improving governance, strengthening risk management, and embracing digital transformation," said CS Oparanya.
At the moment, the cooperative sector provides roughly 14 million members with access to credit, savings and investment opportunities, especially in rural and underserved communities. Latest data dhows that assets under cooperatives have crossed KES1 trillion, and account for almost 30 percent of the national savings.
Speaking during the event, CIC Insurance Group CEO Patrick Nyaga said that the company seeks to cultivate a robust environment for cooperative societies to thrive locally and in the region through continuous capacity building, technological adoption and financial solutions.
“Cooperatives are the backbone of financial inclusion in Kenya, and as we mark the International Year of Cooperatives in 2025, our contribution to their sustainability goes beyond providing risk and asset management solutions to empowering them for resilience through capacity building,” said Mr Nyaga.
