AMICA Sacco, a financial institution in Kenya, has reviewed its bylaws to expand representation in its leadership structures. The changes aim to accommodate delegates from different economic sectors, including dairy and tea farming, small and medium-sized enterprises (SMEs), and salaried employment. This move allows members from various sectors to have a greater voice in the Sacco's decision-making processes. The changes were proposed to reflect the institution's growing and increasingly diverse membership.
The Sacco's Chief Executive Officer, James Mbui, stated that the review was necessary to ensure that all members felt involved in shaping the institution's future. He noted that the original structure was largely designed around coffee farmers. The proposed amendments were approved by delegates during a Special General Meeting in Murang'a town. The changes will be forwarded to the Commissioner for Co-operative Development for consideration before implementation.
The bylaw changes aim to create an inclusive governance structure where all members feel involved in shaping the Sacco's future. Mbui emphasized that the institution wants to ensure that members from different sectors are adequately represented in the leadership. The changes will enable the Sacco to respond better to the financial needs of its increasingly diverse membership. This move is expected to strengthen members' participation in governance.
Besides governance reforms, AMICA Sacco is investing in education through the Vuka Scholarship Programme. The programme offers full university scholarships to academically gifted students from Murang'a County. The Sacco selects one bright student from each of the county's 35 wards and sponsors them through university education. Over 150 students have benefited from the initiative in the past five years.
The latest cohort of the Vuka Scholarship Programme comprises 35 students selected based on their performance in the 2025 Kenya Certificate of Secondary Education examinations. They are pursuing various university courses, including law, engineering, and information technology. Mbui stated that the scholarship programme seeks to nurture responsible, disciplined, and focused young people capable of contributing positively to society.
Mbui urged the beneficiaries to uphold good morals, remain focused on their studies, and exercise caution when interacting with people who might seek to lure them into criminal activities. He warned that universities expose students to different social pressures and negative influences. The Sacco has established a mentorship programme to guide the students throughout their four years of university education.
AMICA Sacco is targeting Sh. 2 billion in revenue in 2027, with plans to strengthen its reserves and improve returns to members. The institution had achieved approximately 130 per cent of its projected net income by September 2026. The Sacco's growth is generating wider economic benefits through employment creation, business opportunities for suppliers, and tax contributions to the government.
Key points
- AMICA Sacco's bylaw changes aim to create a more inclusive governance structure.
- The institution is investing in education through the Vuka Scholarship Programme.
- AMICA Sacco targets Sh. 2 billion in revenue in 2027.
