Commissioner of Cooperatives, David Obonyo speaks during the SGM held at All Saints' Cathedral in Nairobi of Friday. Photo/Obegi Malack

KUSCCO shareholders approve dissolution, back new cooperative body

KUSCCO shareholders have approved the union’s dissolution as debts far outweigh its assets. Members have backed a new umbrella body, KEFESCO, focused on advocacy, training, research and consultancy. A creditor has moved to court to challenge the transition, putting the new federation’s future in question. Shareholders of the Kenya Union of Savings and Credit Cooperatives…

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