KUSCCO faces insolvency petition over debts after Sh17bn scandal
A petition filed at the High Court’s Commercial and Tax Division on March 17 seeks the compulsory winding-up of the umbrella body, citing its failure to settle debts amounting to Sh108.8 million within the required timeframe. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kenya Union of Savings and Credit Co-operatives Limited (KUSCCO) is facing a compulsory winding-up petition due to unpaid debts totaling Sh108.8 million.
- KUSCCO, the umbrella body for SACCOs, is involved.
- The petition was filed at the High Court on March 17.
- This follows a Sh17 billion financial scandal that previously rocked the organization.
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KRA Names Lilian Nyawanda Acting Boss as Humphrey Wattanga Exits - April 2026
The Kenya Revenue Authority has appointed Lilian Nyawanda as its Acting Commissioner General, succeeding Humphrey Wattanga who is proceeding on terminal leave immediately. The KRA Board decided not to renew Wattanga's contract, with Wattanga being ousted just four months before his term was set to end. KRA will auction unclaimed goods held at customs warehouses after a 30-day notice period expires on April 27, with items from Kenya Power, US Embassy, and Coca-Cola. Separately, Kenya Union of Savings and Credit Co-operatives Limited faces a compulsory winding-up petition due to unpaid debts totaling Sh108.8 million.
