C
Originally published by Capital Business
📰 Read Full Article
business
September 2, 2025
3d ago

Metropolitan Sacco okays forensic audit as Sh15bn loan gap emerges

Metropolitan Sacco okays forensic audit as Sh15bn loan gap emerges

NAIROBI, Kenya, Sep 2 – Metropolitan National Sacco Society has approved a forensic audit after revelations of an untraceable loan book asset worth Sh15 Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Metropolitan National Sacco Society has approved a forensic audit after a Sh15 billion loan book asset was revealed to be untraceable, alongside a negative equity position. This decision, aimed at addressing concerns about the Sacco's financial stability, was made during their 47th Annual General Meeting (AGM).

  • Most important fact or figure from the article: A Sh15 billion untraceable loan book asset and a negative equity of Sh12.3 billion.
  • Key person or organization involved: Metropolitan National Sacco Society.
  • Notable detail that adds context: They achieved profitability in 2023 for the first time in over a decade through cost-cutting, but still face challenges from insufficient liquidity and loan defaults.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article