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Originally published by Kenyanstop
September 3, 2026
1h ago
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.
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