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HomeDaily NewsSaturday, November 29, 2025Government Issues Company Dissolution Notice and Orders Inquiry into KUSCCO - November 2025
Breaking News & Top Stories3 stories from 1 sources

Government Issues Company Dissolution Notice and Orders Inquiry into KUSCCO - November 2025

The Kenyan government has launched a new inquiry into the KUSCCO Housing Co-operative Society Limited (KHC) following concerns from members about its management and governance. This investigation will scrutinize the co-operative's operations, financial practices, and the conduct of its management committees. In a separate action, the government has issued a notice of intended dissolution to over 700 companies, a move that threatens thousands of jobs. Additionally, the Kenya Revenue Authority (KRA) has issued a 30-day ultimatum for owners to collect goods, including high-end vehicles, from various Container Freight Stations (CFSs) in Mombasa or face auction.

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Saturday 4:36 PMKenyans

Govt Orders New Inquiry Into KUSCCO

Govt Orders New Inquiry Into KUSCCO

The Kenyan government has launched a new inquiry into the KUSCCO Housing Co-operative Society Limited (KHC) following concerns from members about its management and governance. This investigation will scrutinize the co-operative's operations, financial practices, and the conduct of past and present management committees.

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Key Highlights

The Kenyan government has launched a new inquiry into the KUSCCO Housing Co-operative Society Limited (KHC) following concerns from members about its management and governance. This investigation will scrutinize the co-operative's operations, financial practices, and the conduct of past and present management committees.

  • The inquiry was authorized in a gazette notice under sections 58 and 73 of the Co-operative Societies Act (Cap. 490).
  • It will be led by Assistant Commissioner for Co-operative Development Fondo Nzovu and Senior Co-operative Auditor John Kariuki Kinyanjai.
  • The inquiry seeks to address historical criticism of governance and financial oversight at KUSCCO, which faced Ksh15 billion financial challenges earlier in the year.
Saturday 1:14 PMKenyansFirst

KRA to Auction of Cars Among Other Items

KRA to Auction of Cars Among Other Items

The Kenya Revenue Authority (KRA) has issued a 30-day ultimatum for owners to collect goods, including high-end vehicles, from various Container Freight Stations (CFSs) in Mombasa or face auction.

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Key Highlights

The Kenya Revenue Authority (KRA) has issued a 30-day ultimatum for owners to collect goods, including high-end vehicles, from various Container Freight Stations (CFSs) in Mombasa or face auction.

  • Over a dozen vehicle makes, including Lexus, Mercedes-Benz, and Toyota Land Cruiser Prado, are set for auction.
  • The auctions will occur between January 5 and 9, 2025 (Mombasa) and January 5 and 9, 2026 (Nairobi) via KRA's online portal.
  • Other items to be auctioned include bags of used clothing, household items, and oil and gas tools, with viewings scheduled for December 29 and 30, 2025.
  • Similar auctions for uncollected goods are also planned at the Inland Container Depot and bonded facilities in Nairobi.
Saturday 3:35 PMKenyans

Govt Issues Dissolution Notice to Over 700 Companies

Govt Issues Dissolution Notice to Over 700 Companies

The Kenyan government has issued a notice of intended dissolution to over 700 companies, threatening thousands of jobs. This action follows a previous dissolution of 126 companies and precedes another list of 308 companies facing closure.

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Key Highlights

The Kenyan government has issued a notice of intended dissolution to over 700 companies, threatening thousands of jobs. This action follows a previous dissolution of 126 companies and precedes another list of 308 companies facing closure.

  • Over 700 companies risk closure nationwide, impacting thousands of Kenyan jobs.
  • Damris Lukwo, the Registrar of Companies, issued the gazette notice on November 28.
  • Companies have three months to prove they are still in business to avoid being struck off the register, as per section 894 (2) of the Companies Act.
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