KUSCCO Centre

RUPSA Sacco Pushes for KUSCCO Insolvency over KSh17.7 billion liabilities

RUPSA Sacco has petitioned the High Court to place the Kenya Union of Savings and Credit Co-operatives (KUSCCO) under insolvency proceedings, citing severe financial distress that it says meets the threshold under the Insolvency Act. The matter is before the High Court’s Commercial and Tax Division, where RUPSA has asked judges to dismiss KUSCCO’s preliminary…

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KUSCCO Centre/Photo Courtesy

RUPSA Sacco moves to auction KUSCCO assets to recover Ksh.108.8 Million

RUPSA Sacco, formerly known as PCEA Ruiru Sacco, has announced plans to auction the movable assets of the Kenya Union of Savings and Credit Cooperative Limited (KUSCCO) in a bid to recover Ksh.108.8 million in deposits and accrued interest. The move comes after the apex cooperative allegedly failed to comply with court orders directing it…

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