• About
  • Advertise
  • Privacy & Policy
  • Contact
Kenyan Business Feed
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
Kenyan Business Feed
No Result
View All Result
Home News

Moi University sacco fights sale of building

Kenyan Business Feed by Kenyan Business Feed
Moi University sacco fights sale of building
Share on FacebookShare on Twitter

Table of Contents

Toggle
        • Counties
  • Moi University sacco fights sale of building
Counties

Moi University sacco fights sale of building

Thursday, June 6, 2019 21:00


By STANLEY KIMUGE

Moi University Sacco
Moi University Sacco members demonstrate outside their building (MUSCO Towers), which is in Eldoret town, Uasin Gishu County over alleged attempts by a liquidator to sell it on June 06, 2019. PHOTO | JARED NYATAYA | NMG 

Members of the troubled Moi University Sacco Thursday staged a demonstration in Eldoret town to oppose the planned sale of Musco Towers without their involvement.

They claimed they spent Sh400 million through savings and a bank loan to put up the structure in Eldoret’s central business district and would not accept the planned auction of the property.

“There is an attempt to sell this building cheaply to some people and we want to tell them to be warned that nobody will sell this building. We also want a probe into possible loss of funds of this sacco,” said Jack Willis Abok, sacco member and the secretary-general of the Universities Academic Staff Union (Uasu) Moi university chapter.

The government in 2018 revoked the licence of Moi University Sacco and placed it under liquidation.

A gazette notice published last year by then Commissioner for Co-operative Development Mary Mungai cancelled the registration of the deposit-taking sacco and appointed two liquidators to take custody for a year.

“When we asked why our sacco’s doors were closed we were not told what the problem was and what was the solution. For the last one year, the liquidator has never called a meeting. Last month we were to hold a meeting but it was cancelled indefinitely the last minute,” said another member, Wilson Koech.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]
Kenyan Business Feed

Kenyan Business Feed

Recommended.

Action film legend Schwarzenegger given hot flying kick by man in South Africa

May 19, 2019

Kenya leads quest to host ACFTA secretariat

May 23, 2019

Subscribe.

Trending.

Safaricom’s SIG Forum empowers SMEs with branding insights from 3Verse Kenya, showcasing award-winning campaigns and inclusive business support.

Safaricom’s SIG Forum Empowers SMEs as 3Verse Kenya Shares Award-Winning Branding Strategies

June 23, 2025
Co-op Bank Launches New Financial Solutions to Empower MSMEs in Kenya

Co-op Bank Launches New Financial Solutions to Empower MSMEs in Kenya

June 23, 2025
Tourism CS Rebecca Miano discusses the economic impact and global appeal of the 2025 Safari Rally

Tourism CS Rebecca Miano Reveals Economic Impact of the 2025 Safari Rally

April 1, 2025
PLP and Safaricom Graduate 300 Youth in Push for Digital Talent Development Across Kenya

PLP and Safaricom Graduate 300 Youth to Boost Kenya’s Digital Talent Pipeline

June 23, 2025
Co-operative Bank Subsidiaries

Co-operative Bank Subsidiaries Shine with Strong 2024 Profits

April 2, 2025
Kenyan Business Feed

We focus on news, analysis, and reports about Kenyan business, covering sectors like agriculture, finance, tourism, and technology.

Categories

  • African
  • Agribusiness
  • Courts
  • Education
  • Health
  • Hospitality
  • Manufacturing
  • NetWorths
  • News
  • Reports & Analysis
  • World Business

Popular News

  • First look at the prison where El Chapo may live for the rest of his life

    First look at the prison where El Chapo may live for the rest of his life

    2157 shares
    Share 1040 Tweet 466
  • Sameer Africa CEO Sacked

    1803 shares
    Share 749 Tweet 439

Recent News

Co-op Bank Partners with WorldRemit to Power Seamless Diaspora Transfers in Kenya

Co-op Bank Partners with WorldRemit to Power Seamless Diaspora Transfers in Kenya

June 23, 2025
Co-op Bank Launches New Financial Solutions to Empower MSMEs in Kenya

Co-op Bank Launches New Financial Solutions to Empower MSMEs in Kenya

June 23, 2025
  • Home
  • African
  • News
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF

No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF