Kenya's Commissioner for Co-operative Development has officially gazetted the liquidation of the Kenya Union of Savings and Credit Co-operatives Union Limited (KUSCCO), marking the end of its over 50 years of service.

• The decision follows significant financial losses, estimated between Sh12 billion and Sh13.3 billion, attributed to internal mismanagement and liquidity challenges.
• The liquidation was initiated by Commissioner David K. Obonyo after KUSCCO members passed a resolution to dissolve the union.
• A PwC forensic investigation revealed the losses stemmed from ghost loans, falsified commissions, and executive mismanagement, prompting several SACCOs to write off substantial investments.