Topic: KUSCCO
Sh1.36 billion KUSCCO loan crisis places 58 SACCOs at serious risk of losing assets
Jul 22, 2025 at 06:22 PM
A total of 58 savings and credit cooperatives across Kenya could soon have their assets seized and auctioned after defaulting on loans worth Sh1.36 billion taken from the Kenya Uni...
NCBA holds SACCOs' hands through governance, accountability challenges
Jul 03, 2025 at 06:45 PM
Savings and Credit Cooperative Societies (SACCOs) in Kenya have been challenged to boldly tackle numerous governance issues facing them to attract more customers and investments....
Govt halts SACCO registrations for three months in crackdown on rogue operators
May 22, 2025 at 11:10 AM
The government has imposed a three-month freeze on the registration of new Savings and Credit Cooperatives (SACCOs), a move aimed at cleansing the sector of unregulated and dubious...
KMA reacts to KUSCCO’s financial turmoil with Sh525 million write-off
Apr 07, 2025 at 03:43 PM
The Kenya Medical Association Regulated Non WDT Sacco Limited (KMA) has taken the decision to write off a significant Sh525 million held in investments at the Kenya Union of Saving...
Dead auditor’s signature exposes Sh12.5 billion KUSCCO gaping financial cover-up
Feb 11, 2025 at 06:16 PM
A forensic audit has ripped the lid off a financial scandal at the Kenya Union of Savings & Credit Co-operatives Ltd (KUSCCO), revealing a staggering Sh12.5 billion hole in its boo...
KUSCCO top bosses depart amid scrutiny into unlicensed deposit-taking scandal
Jan 18, 2024 at 01:51 PM
The winds of change are swirling within the Kenya Union of Savings and Credit Co-operative Society (KUSCCO), as long-serving managing director George Ototo and national chairman Ge...
CS Chelugui addresses concerns on KUSCCO, Metropolitan, Network Saccos
Dec 21, 2023 at 05:00 AM
The Ministry of Co-operatives & Micro, Small and Medium Enterprises, led by Cabinet Secretary Simon Chelugui, has recently made a statement addressing allegations against the Sacco...
