For the years that Arnold Munene has worked at Kenya Union of Savings & Credit Co-operatives (Kuscco), nothing in his wildest dreams had prepared him for the managing director role this soon—let alone taking over an entity that has been battered by a multi-billion shillings heist.
Mr Munene now finds himself with the unenviable job of trying to revive the fortunes of an institution that has shaken the foundations of Kenya’s over Sh1 trillion deposit cooperatives movement. This was after it was revealed that years of misfeasance had cost it about Sh13.3 billion.
