CS Oparanya: How audit exposed Sh12 billion gap at KUSCCO
Business
CS Oparanya: How audit exposed Sh12 billion gap at KUSCCO
The CS explained that the Kenya Union of Savings and Credit Cooperatives (KUSCCO), which serves more than 3,000 SACCOs across the country, manages an estimated share capital of Sh3 billion and holds deposits and savings amounting to about Sh15.6 billion. Despite this strong base, he said the institution had suffered long-standing governance and financial control weaknesses.
By Maureen Kinyanjui