Govt Orders New Inquiry Into KUSCCO
KUSCCO has come under scrutiny in recent months over allegations of embezzlement of millions in SACCO funds, which resulted in members losing billions of shillings...
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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.
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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.
