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KUSCCO Starts Auctioning Multimillion Assets After Exposé; How to Bid

Summary by Kenya Times Trending, Breaking News and Videos
The Kenya Union of Savings & Credit Co-operatives (KUSCCO) has started auctioning multimillion properties of members as it grapples with the loss of funds due to alleged mismanagement. In November 2024, an internal audit revealed that KUSCCO had lost Ksh12.5 billion due to illegal withdrawals and widespread mismanagement, which has led to several arrests and placed a financial loss on member SACCOSs. The Union’s interim management in an advertis…
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Kenya Times Trending, Breaking News and Videos broke the news in on Friday, February 21, 2025.
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