• International Financial System & Regional Context
  • CU History and Development
  • Financial Institution Accounting
  • Financial Analysis
  • Principles and Methods of Bank, MFI & CU Risk-Based Supervision


  • ​Financial Stability, Integrity, Protection and Inclusion Trade-offs
  • Market Conduct Supervision
  • Financial Consumer Protection
  • Assessing Risks of New Channels (agents, mobile money)
  • Regional Policy Issues


  • Cybersecurity & Vendor Oversight
  • Wholesale CUs
  • Coop Conglomerates
  • Risk Weighted Capital
  • Asset & Liability Management
  • Stress Testing
  • Enforcement Actions & Problem Resolution

SACCO Supervision Training
November 5-9, 2018
Nairobi, Kenya

​​​The International Credit Union Regulators’ Network (ICURN) and the Kenya School of Monetary Studies have joined forces to repeat the offering of their popular advanced training for SACCO supervisors. An intensive and case-study based training program for supervisors of savings and credit cooperatives and microfinance institutions,  the one-week program has been developed specifically for the needs of East African supervisors.  At the end of the session a written examination will be administered to help reinforce the training materials.  . 


The training program instructor are Mr. Dave Grace, Executive Director of ICURN, consultant to the World Bank, Asian Development Bank and the International Monetary Fund, Senior supervisors from the Central Bank of Kenya and Rose Njeri a certified  trainer of the Smart Campaign, a global effort to unite microfinance leaders. Mr. Grace has trained central bank supervisors in dozens of countries including East Africa.  The instructors will be supported by Ms. Lilli Tangwall, Director of Membership at ICURN who has 15 years of experience working with financial cooperatives and developing training programs for such organizations and their supervisors.

Quality Assurance & Recognition

The training materials have been produced by international institutions  The training format will include interactive presentations, group exercises and case studies using data from SACCOs in Kenya and East Africa. Together these components will aim to make the training highly relevant and practical for the current challenges facing financial cooperative supervisors in Kenya and the region.

Upon successful completion of all three training sessions each participate will receive a certificate of completion that is co-signed by the Executive Directors of ICURN and the KSMS.

Registration and Location

The cost to attend each week is US$1,895 which is inclusive of five full days of training, hard and electronic copies of training materials,  certification of completion, group photo, lunches and morning and afternoon tea breaks.  The training and lodging will be held on the 50-acre campus of the Kenya School of Monetary Studies just outside of Nairobi, Kenya.  Attendees will stay in newly built rooms at a cost of available for US$72 per night inclusive of breakfast or $83 per night inclusive of breakfast and dinner.  Contact Cyril Oyier at to book your accomodations. ​ Click here  to register for the Nairobi training.

About ICURN and KSMS

The International Credit Union Regulators' Network (ICURN) is an independent and not-for-profit association of financial cooperative supervisors from around the world.  It provides supervisor training and is governed by a board of director comprised of its member supervisors.  Its Secretariat office is based in the USA.

The Kenya School of Monetary Studies (KSMS) is a statutory corporation of Kenya association with the Central Bank of Kenya and created to deliver international best practice knowledge based capacity building programmes driven by the demands of the financial sector in Kenya and the Region. More information about the Kenya School of Monetary Studies, the training institution for the Central Bank of Kenya, can be found at