KUSCCO to Auction 42 Properties Across Kenya in November
NAIROBI, Kenya, Oct 28 – Kenya Union of Savings and Credit Co-operatives (KUSCCO) Ltd, which is under liquidation, is set to auction 42 properties across Kenya in November as part…
Kenya Union of Savings and Credit Co-operatives (KUSCCO) Ltd, currently in liquidation, is preparing to auction off 42 properties spread across Kenya in November. These assets include vacant plots, residential apartments, marionettes, bungalows, and commercial buildings. Watts Auctions will handle the sales in three regional auctions, taking place on November 11, 20, and 27.
Properties for sale span various counties, including Nairobi, Kajiado, Kiambu, Mombasa, Kisumu, Machakos, Meru, and Kilifi. The auction will cover vacant plots in Kitengela, Olturoto, Joska, and Komarock, as well as residential properties like a four-bedroom bungalow in Kajiado and a maisonette in Kiambu. Additionally, there are rental buildings in Kisumu and Kisii, along with a commercial block under construction.
Despite not disclosing the combined market value, reserve prices, or expected proceeds, the auction aims to attract individual buyers, developers, and investors interested in rental income. The liquidation process is part of resolving KUSCCO's affairs, following its dissolution in August 2026 due to financial failure. The Commissioner for Co-operative Development confirmed the organization's insolvency, with liabilities estimated at Sh17 billion against assets worth approximately Sh5.4 billion.
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