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Originally published by The Standard BusinessSeptember 2, 2026
1h ago
Why State wants union characterised by gross mismanagement liquidated
The government has ordered the liquidation of KUSCCO after years of alleged mismanagement, insolvency, mounting liabilities and failed efforts to recover members’ funds...
✨ Key Highlights
The Kenyan government has officially declared the Kenya Union of Savings and Credit Co-operative Limited (KUSCCO) bankrupt and initiated its liquidation.
- The decision follows persistent allegations of gross mismanagement of assets and members' savings.
- Key stakeholders involved include Cooperatives CS Wycliffe Oparanya.
- This marks the end for the 53-year-old union after failed revival efforts.
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