Kenya Union of Savings and Credit Co-operatives (KUSCCO) Ltd, which is being wound up, will sell 42 assets in a series of public auctions in November.
Watts Auctions will run three regional sales on 11, 20 and November 27, with the first taking place at its View Park Towers office in Nairobi, the second at a public park near Absa Bank in Kisumu, and the third at its Canon Towers office in Mombasa.
The catalogue includes vacant land, residential apartments, maisonettes, four-bedroom bungalows, rental blocks and commercial premises, together with a motor-vehicle workshop and several projects still under construction.
Specific listings feature plots in Kitengela, Olturoto, Joska and Komarock, a four-bedroom bungalow in Kajiado, a maisonette in Kiambu, an apartment in Kirichwa Gardens, Nairobi, and rental buildings in Kisumu and other towns.
Additional items comprise a 4.1-hectare parcel in Ngurunga, Kajiado, various parcels in Kitengela, Olturoto, Kisaju, Ngong, Tuala and Korompoi, a three-bedroom bungalow in Nakuru, vacant land in Luanda Kotieno, Siaya, and rental structures in Bungoma.
Incomplete projects listed for sale include a residential block in Mombasa that is 30 per cent finished, a Kajiado maisonette at 40 per cent, a Kitengela maisonette at 50 per cent, and a commercial block near Katito Trading Centre in Kisumu at 40 per cent.
Interested parties can obtain further details from Watts Auctions on 0722 732717, 0724 892643, 0779 947405 or via email at [email protected].
The auction follows a member vote to dissolve KUSCCO in August 2026 after attempts to revive its finances failed, prompting the Commissioner for Co-operative Development to cancel its registration and appoint a three-member liquidation team.
A forensic audit commissioned by the government found liabilities of approximately KSh17 billion against assets of about KSh5.4 billion, attributing the shortfall to alleged mismanagement and irregularities that threatened affiliated SACCOs.
Commissioner for Co-operative Development David Obonyo stated that the institution could no longer meet its obligations, and the liquidation process aims to realise the remaining assets, settle verified claims in legal order and distribute any proceeds.
