The High Court in Kenya has temporarily halted the liquidation of the Kenya Union of Savings and Credit Co-operatives (KUSCCO), dealing a legal setback to plans to wind up the troubled cooperative. According to Business Today, the order prevents liquidators appointed by the Commissioner for Co-operative Development from taking control of KUSCCO's assets and records for now. The ruling pauses the dissolution process pending further legal proceedings, leaving the fate of the troubled cooperative unresolved.

Standard Chartered Bank Kenya has issued a 30-day statutory notice to Nakumatt Investments Limited demanding settlement of more than Sh1.9 billion in outstanding loans. According to the notice, if the debt is not paid, the lender will appoint a receiver to collect rental income from four properties linked to the collapsed retail chain. The move is part of the bank's effort to recover funds owed by the defunct supermarket operator.

The High Court has halted the liquidation of the Kenya Union of Savings and Credit Co-operatives (KUSCCO) following a legal challenge. The case was filed by RUPSA NWDT Sacco Society Limited, which said it lost Sh108.8 million after the union's collapse. According to Capital FM Business, the court's decision comes amid opposition to the liquidation process, temporarily stopping proceedings while the dispute is considered.

Kenya Airways is facing a federal lawsuit in New York from an aviation parts distributor over Sh129 million in unpaid debts. This lawsuit highlights the airline's financial struggles, which include Sh206.8 billion in accumulated losses and Sh131.4 billion in government debt that it cannot service. The situation has led to a lack of suppliers willing to continue business with the airline, which is also dealing with operational uncertainties flagged by its auditors.

Absa Bank Kenya and Unilever Kenya have entered into a KSh 4 billion financing agreement aimed at improving access to working capital for distributors and retailers. This initiative is intended to enhance Kenya's consumer goods value chain and support the growth of small and medium-sized enterprises (SMEs).

Kenya is experiencing a severe milk shortage attributed to a prolonged dry spell, prompting supermarkets across the country to ration purchases and limit sales to customers, according to Tuko. The shortage is reportedly affecting retail prices and threatening the livelihoods of dairy farmers. Newspapers on September 9 highlighted the growing crisis as retailers struggle to maintain supplies amid reduced milk production.