K
Originally published by Kenyans
📰 Read Full Article
top
September 3, 2026
1h ago

Govt Gazettes KUSCCO’s Liquidation to Recover SACCO Funds

Govt Gazettes KUSCCO’s Liquidation to Recover SACCO Funds

KUSCCO had also come under scrutiny following a Ksh13.3 billion financial scandal that raised concerns over the safety of members' savings and investments...

✨ Key Highlights

The registration of Kenya Union of Savings and Credit Co-operatives (KUSCCO) has been cancelled and the organization ordered for liquidation due to persistent liquidity challenges.

  • The decision, formalized in a Gazette Notice on August 31, 2026, follows a resolution by KUSCCO members to dissolve the union.
  • The Commissioner for Co-operative Development has appointed three officials as liquidators to oversee the winding up process for up to one year.
  • This move comes after years of financial and governance issues, including a Ksh13.3 billion financial scandal that previously led to the government assuming direct operational control.

Continue Reading

Read the complete article from Kenyans

📰 Read Full Article
Advertisement
Advertisement