Metropolitan Sacco gets last-minute reprieve as liquidation talks delayed
Government is considering winding up the Sacco...
โจ Key Highlights
Liquidation talks for Metropolitan National Sacco have been postponed for 45 days. This decision allows members, primarily teachers, to focus on the current school calendar before addressing the Sacco's financial future.
- The government is considering winding up the 49-year-old Sacco due to its poor financial health.
- The Sacco, formerly known as Kiambu Teachers Sacco, has faced scrutiny over potentially untraceable loans totaling over Sh50 billion.
- Several Metropolitan Sacco officials have been charged with fraud amounting to Sh14.5 billion.
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Part of the Day's Coverage
Housing Fund Board Snubs MPs Over Sh58.9bn Audit Query - October 2026
The National Housing Fund (NHF) board has reportedly snubbed a request from Members of Parliament (MPs) to appear before them to answer queries regarding an audit of Sh58.9 billion. This development is linked to an ongoing investigation into the fund's financial dealings. Liquidation talks for Metropolitan National Sacco have been postponed for 45 days. This decision allows members, primarily teachers, to focus on the current school calendar before addressing the Sacco's financial future. Turaco and VisionFund International have announced a global partnership aimed at expanding access to affordable insurance for low-income households in emerging markets.
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