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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.

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Mohamed Birik, acting PS and Secretary Administration State Department for Petroleum when appeared before the National Assembly committee on Energy on 12th April, 2026. PHOTO/DAVID BOGONKO NYOKANG'I
News

Petroleum department warns budget cuts could stall Kenya’s oil production plans

The planned money was set to support major initiatives such as South Lokichar Oil Field Development, which was to receive Sh5.519 billion, Upstream Oil and Gas Exploration at Sh1.405 billion, LPG Distribution and Infrastructure under the BETA programme at Sh991 million, the Lokichar-Lamu Crude Oil Pipeline project at Sh710 million, and petroleum exploration activities in Block TI worth Sh.250 million.

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