Kenya UK Sacco was launched on 30th June 2012 by the then Minister for Cooperatives, Hon.
Joseph Nyaga, with a membership of 10 members at inception. The Sacco was borne out of the
need for Kenyans in the Diaspora to find a solution to the many financial and investment dilemmas
that they faced whenever they tried to invest their hard earned money in Kenya. Some of these
hurdles included lack of transparency and intolerable red tape from financial institutions, lack of
commitment from relatives entrusted with overseeing investment ventures (leading to big losses)
and unreliable means of investment. Membership has grown progressively over the past two years
and to date there are over 200 members.
The Society’s Primary objective is to provide a mechanism for Kenyans living in the Diaspora to
mobilise savings, access loans at affordable interest rates through partnerships with select
commercial banks and undertake investments in identified projects in Kenya.
Kenya UK Sacco is SASRA compliant and its operations are in line with core co-operative values
that are shared and nurtured by the co-operative movement worldwide. The Society is guided by
several operating principles which include, but are not limited to:
• Open and voluntary membership.
The Society’s doors are open for membership to all who wish to join it as long as they are within
the accepted common bond. Members are free to withdraw their membership if they so wish
provided they do not have outstanding obligations with the Society.
• Democratic control.
The members enjoy rights to vote and participate in making decisions affecting the Society
through electing both the Management and Supervisory committees during the AGM. Every
member has a right to one vote during the AGM regardless of the amount of shares they have in
• Non- discrimination.
Kenya UK Sacco embraces the spirit of Unity and harmony and does not, therefore, discriminate
against any member irrespective of their political, religious, race, gender or immigration status.
Vision and Mission:
Kenya UK Sacco aspires to be THE VEHICLE OF CHOICE for personal development and wealth
creation for Kenyans living in the Diaspora.
Slogan:‘Let us Reason and Invest Together’.
The Kenya UK Sacco operates a three-tiered Monitoring and Management model. On the
first level is a supervisory committee which serves as a watchdog on all transactions
carried out by the SACCO. On the second level, there is a formidable Executive
Committee team of 4 members: The Chairperson, the Vice Chairperson, the Secretary and
the Treasurer.The third tier is made up of 9 dedicated Management Committee members
drawn from, and representative of, the various sectors of the economy.
The Chairperson- Mr. Steve Mburu
Mr. Steve Mburu, with a dream of enabling Kenyans who reside abroad to have an
investment vehicle, was one of the brains behind the formation of the Kenya UK Sacco. As
a successful businessman, he understood the need to enable other Kenyans to invest,
access affordable loans and mortgages while circumventing tedious bureaucratic demands
of Kenyan banks. He has a vision of bridging the gap between the Kenya's financial
institutions and the Kenyans who reside in the UK and Europe.
The Vice Chairperson- Mayor Elizabeth Kangethe
Mayor Elizabeth Kangethe has a wealth of experience in leadership skills and dealing with the
public on different issues. She deals with public mobilisation as a day to day activity, which also
includes empowering others to reach their potential.
Elizabeth’s expertise is increasingly sought
after and she has been called upon to address various distinguished groups on the topics of
leadership and public service. She has addressed women groups on leadership and how to break
the glass ceiling and reach the high echelons of leadership. Her advice and counsel has been
sought by governors and senators from Kenya as well as corporate leaders and religious leaders
The Secretary- Mr. Jacktone Obiero
As secretary, Mr. Jack Obiero is KENUKS' chief administrative officer. He brings to the
position extensive experience in the running and management of SACCOs, having been a
member of Afya SACCO for 15 years, a pioneer member and chairman of the staff
investment group - G15 Investment KEMRI-Wellcome Trust Research Laboratories (now
a multi million investment group) and a chairman of the Greenlands Friends Group in Kericho ( now a member of STIMA SACCO).
Additionally , Jack is a qualified leadership and management practitioner.
The Treasurer- Dr. Moses Langat
Dr. Langat, an academician, brings integrity and dedication to the position of Treasurer. He is of
reputable character and highly regarded by Kenyans in the UK. Dr. Langat holds a vision of making
the Kenya UK Sacco a financial solution of choice for Kenyans residing in the United Kingdom and
Europe. He is a drilled team player with a knack for obtaining the best from his colleagues. He is
an outgoing individual with a passion for raising standards of living and education in Kenya. Since
taking over as Treasurer, Dr. Langat has not only ensured that members' funds are prudently spent
as duly authorised, but has also played a crucial role in establishing sound financial policies that
will enhance the achievement of the SACCO's obligations and objectives.
• Investment and Credit Committee
• Tendering committee
• Marketing committee
• Education and Training committee