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Originally published by Capital Businessbusiness
August 6, 2026
19h ago
Senate probes KUSCCO governance, oversight failures

Lawmakers questioned how major financial irregularities went undetected despite the Commissioner's office being represented on KUSCCO's board...
✨ Key Highlights
The Senate Standing Committee on Trade, Industrialization and Tourism is investigating KUSCCO for governance failures and regulatory oversight issues. The probe follows member complaints about accessing investments, leading to an inspection that uncovered significant financial irregularities.
- KUSCCO's loan book was overstated by more than Sh7.6 billion.
- Key individuals involved include Cooperative Development Commissioner David Obonyo and Senator Jackson Mandago.
- The investigation also highlights challenges in regulating the cooperative sector, such as inadequate funding and staff shortages.
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