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Originally published by Capital Businessbusiness
September 28, 2026
4h ago
New KUSCCO liquidator appointed despite court stay
The appointment replaces three officials from the State Department for Co-operatives who had earlier been appointed to oversee the liquidation. They are Deputy Commissioner for Co-operative Development Peter Wanjohi Kiama, Principal Co-operative Officer Habil Olembo Jesse and Dep..
✨ Key Highlights
The Commissioner for Co-operative Development has appointed Waithaka Ngaruiya as the new liquidator of Kenya Union of Savings and Credit Co-operatives (KUSCCO) Limited, bypassing a court order that had temporarily halted the liquidation process.
- KUSCCO Limited is facing liquidation due to liabilities of approximately Sh17 billion against assets of about Sh5.4 billion.
- The appointment of Waithaka Ngaruiya replaces three previously appointed officials from the State Department for Co-operatives.
- A High Court order on September 8 had temporarily stopped the initial liquidators from taking control of KUSCCO's assets following a case filed by RUPSA Regulated NWDT SACCO Society Limited.
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