The High Court this week quashed the Sacco Societies Regulatory Authority (Sasra) guidelines that had compelled saccos to start making provisions on the billions of shillings invested in Kenya Union of Savings and Credit Co-operatives (Kuscco).
The directive, issued mid-January 2025, came after a forensic audit revealed Kuscco suffered a Sh13.3 billion heist under the watch of former officials who have since been charged in court.
