Troubled Kuscco ordered to refund Sh489 million to Mhasibu Sacco

Kenya Union of Savings and Credit Co-operatives (Kuscco) centre in Nairobi.

Photo credit: Evans Habil | Nation Media Group

A tribunal has ordered the troubled Kenya Union of Savings and Credit Co-operatives (Kuscco) to refund a matured Sh489 million investment by Mhasibu Sacco Society Limited, piling pressure on the umbrella organisation facing widespread debt claims.

The Co-operative Tribunal said that Kussco is obligated to honour its investment contract with Mhasibu Sacco despite its financial challenges.

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