Taxman Sacco writes off KUSCCO cash amid investment risks

The write-off, disclosed in its latest annual report, reflects an impairment on KUSCCO shares, reducing the investment’s value from Sh15 million to Sh10 million. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Ushuru Sacco has written off Sh5 million in investments linked to the struggling Kenya Union of Savings and Credit Co-operatives (KUSCCO), reflecting significant risks within the cooperative sector.

Ushuru Sacco wrote off Sh5 million due to an impairment on KUSCCO shares.
The affected entity is Ushuru Savings and Credit Co-operative Society (Ushuru Sacco) and the Kenya Union of Savings and Credit Co-operatives (KUSCCO).
This write-off occurred despite Ushuru Sacco reporting a net surplus of Sh182.6 million for the year ended December 2025.