The troubled Kenya Union of Savings and Credit Co-operatives (Kuscco) is facing a deepening insolvency crisis over a Sh17.7 billion liabilities hole, as courts handle mounting claims that it cannot meet its debts.
The High Court has since issued preservation orders barring Kuscco from disposing of assets, transferring funds, or entering new financial obligations pending the determination of a liquidation petition filed by Rupsa Sacco, formerly known as PCEA Ruiru Sacco.
