
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.
AI summary. Verify with the original source.
Read full story at Capital FM Business ↗
Listen
Unlock audio summaries, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumBackground facts
Unlock wikipedia facts, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumSimilar stories

Kenya's Savings and Credit Cooperative Societies have continued to expand despite difficult economic conditions, according to the latest report from the SACCO Societies Regulatory Authority (SASRA). The sub-sector recorded growth in member deposits, the loan book and overall balance sheet size, with the total balance sheet for all regulated SACCOs rising compared to the previous period. The figures suggest the cooperative movement remains resilient, attracting more savings from members even as households and businesses face financial pressure across the economy.
Business Today (KE)·September 7, 2026 at 9:46 PM
Deputy President Kindiki emphasized the importance of cooperatives in driving Kenya's economic transformation, highlighting that approximately 14 million Kenyans are members of such organizations. This includes 8 million individuals who are part of Savings and Credit Cooperative Organisations (SACCOs), which together manage savings exceeding Sh1 trillion.
Eastleigh Voice·July 4, 2026 at 2:18 PM
Jilk Construction, the firm that sought court orders to freeze Diageo's Sh388 billion exit from East African Breweries over an unresolved Kisumu brewery claim, has been hit with a Sh1.3 billion tax demand by the Kenya Revenue Authority. The Tax Appeals Tribunal found that when the taxman requested invoices, ledgers and muster rolls from the company, most of the required paperwork was missing, undermining its position and upholding the assessment, according to Kenya Insights.
Kenya Insights·September 4, 2026 at 10:11 AM
Kenya Pipeline Company (KPC) has requested the court to dismiss Zakhem's claim for $84.1 million, which includes $19 million in alleged unpaid contractual dues and $65.1 million in interest. KPC argues that the claim is legally untenable as the matters were previously resolved through earlier litigation, negotiated settlements, and a consent judgment.
Capital FM Business·July 3, 2026 at 5:57 AM
The Kenya Government is focusing on Cooperative Societies to revitalize the struggling Coffee sector, aiming to restore its past success reminiscent of the 1970s. President William Ruto recently launched the Coffee Revival Through Cooperative Societies Programme in Kirinyaga, which is part of these efforts to improve the industry's fortunes.
Business Today (KE)·June 24, 2026 at 6:18 PM
A disputed court order has become central to a legal battle involving SportPesa, one of Kenya's largest corporate entities. The conflict includes billion-shilling trademark transfers, shareholder dilution, and conflicting judgments from courts in Nairobi and London, transforming the company's success story into a protracted legal war.
Kenya Insights·July 2, 2026 at 4:19 PM