Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
KUSCCO liquidation puts Kenya’s co-operative regulator under scrutiny Questions grow over whether the collapse could have been prevented Liquidation must be followed by asset recovery and accountability The liquidation of the Kenya Union of Savings and Credit Co-operative Organisations (KUSCCO) raises questions that go beyond the organisation’s reported financial difficulties. At the heart of the…
For many Kenyans, especially in rural and peri-urban areas, cooperative societies are more than just financial institutions, they are lifelines. They represent hope, collective strength, and a pathway to economic empowerment. Yet, when liquidation strikes, it often leaves behind a trail of broken dreams, financial loss, and shattered trust. Liquidation, the formal process of closing…
For many Kenyans, especially in rural and peri-urban areas, cooperative societies are more than just financial institutions—they are lifelines. They represent hope, collective strength, and a pathway to economic empowerment. Yet, when liquidation strikes, it often leaves behind a trail of broken dreams, financial loss, and shattered trust. Liquidation, the formal process of closing an…
Moi University Savings and Credit Society (MUSCO) has been placed under liquidation, with two officials appointed to oversee the process. The two officials to oversee the process are, Kennedy A. Emali, Nairobi Principal Cooperative Auditor, and Druscillah Jebet Cherogony, Uasin Gishu Principal Cooperative Officer who will serve as joint liquidators tasked with managing assets, raising…
