Kenya Probes KUSCCO Housing as Real Estate Project is Awarded and Economic Summit Convenes

The Kenyan government has ordered a formal probe into the KUSCCO Housing Co-operative Society Limited following complaints that it was used to siphon savings from affiliated SACCOs. A Gazette notice dated October 28, 2025, mandated the inquiry to scrutinize the society's operations and the conduct of its officials. In other real estate news, GulfCap Real Estate has been honored by the Kenya Professional Realtors Association (KPRA) for developing the best affordable housing project. The award was given for their Buxton Point urban renewal project in Mombasa. Separately, at the AERC Research and Policy Summit in Nairobi, economists and policymakers urged African nations to reduce their dependence on foreign aid. The summit emphasized the need for a shift away from donor-dependent development models to strengthen domestic financing and foster economic independence.