Cooperatives umbrella organisation suffered a Sh13.3 billion fraud that was disclosed in 2025.
The Kenya Union of Savings and Credit Cooperatives (Kuscco) has been ordered to pay Sh162.03 million to a sacco tied to Kenya Pipeline Company (KPC) employees as an investment refund, piling fresh pressure on the troubled umbrella body.
Kuscco owes saccos billions of shillings, representing deposits made in the umbrella organisation which suffered a Sh13.3 billion fraud that was disclosed in 2025.
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The prosecution of Metropolitan’s former officials mirrors the action taken against ex-officials of Kuscco after a forensic audit…
Cooperatives and MSMEs CS Wycliffe Oparanya has warned that over 12,000 Saccos in Kenya risk deregistration for failing to submit…
The officials are accused of unlawfully investing SACCO funds outside its core mandate belonging to teachers’ union.
The magistrate issued summonses for three other officials who failed to appear in court.
KCB Group Plc shareholders have approved a total dividend payout of Sh22.5 billion for the 2025 financial year, rewarding…
Rina Hicks, Operations Director at Faida Investment Bank, the lead adviser to the KPC offer, joins Make Money to dissect the…
