Peter Njuguna has been confirmed because the substantive chief government officer of the Sacco Societies Regulatory Authority (Sasra) efficient August 23.
Mr Njuguna has been serving because the performing CEO since April following the exit of John Mwaka.
He was accredited and appointed by the Agriculture, Livestock, Fisheries and Cooperatives Cupboard Secretary Peter Munya.
Sasra chairman John Munuve mentioned the board was assured he would steer the regulator to the following degree.
“Mr Njuguna’s appointment is a part of a broader strengthening of the Authority’s operational and repair excellence, aligned to its strategic transformation plan,” he mentioned in his congratulatory message.
Previous to his appointment, Mr Njuguna served because the chief supervisor, saccos supervision, a place he has held since becoming a member of the Authority in 2010.
In 2019, he was appointed by the CS to go a process pressure o formulate new rules to police actions of saccos, together with submitting common audits on capital, liquidity and operations. The federal government launched the foundations final yr.
The licensed accountant was additionally a member of the Joint Monetary Sector Regulators Discussion board, which brings collectively the Central Financial institution of Kenya, Sasra, retirement advantages, insurance coverage and capital markets authorities.
Mr Njuguna beforehand labored with the World Council of Credit score Unions’ (WOCCU) Kenya.
He holds a masters diploma in Administration Science from the London Faculty of Economics and a bachelor’s in Arithmetic from the College of Nairobi.