KUSCCO to Auction Over 50 Properties Across Kenya This June

The Kenya Union of Savings and Credit Co-operatives Ltd (KUSCCO) has announced the first phase of a major public auction targeting over 50 properties nationwide.

The auction, to be conducted by Watts Auctions, is set to take place on June 5, 10 and 13, 2025.

This auction comes as KUSCCO seeks to recover loans secured by these properties.

The auction will offer a wide range of assets, including residential plots, apartments, maisonettes, shops, and mixed-use developments spread across Nairobi, Machakos, Kajiado, Kiambu, and beyond.

List of properties up for Auction by KUSCCO

The public auction, organised by Watts Auctions on behalf of KUSCCO, featured residential plots, apartments, commercial buildings, and undeveloped land located in strategic and growing urban centres across Kajiado, Machakos, Kisumu, Nyandarua, Nakuru, Meru, and Nyeri counties.

Several properties are in Katani, Machakos, with sizes ranging from 0.03 to 0.242 acres.

Nairobi properties include apartments and maisonettes in estates like Komarock, Kamulu, Ruai and Kahawa Sukari.

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Additionally, Kajiado properties include plot in Olturoto and a few other plots in the same area, 4-bedroom house under construction in Ngong and plot in Kajiado Town.

Terms of Sale

All sales will be subject to a reasonable reserve price. Interested bidders are urged to verify property details in advance. Only cash or bankers’ cheque payments will be accepted at the fall of the hammer.

For inquiries, KUSCCO has provided contact numbers 0722732717 or 0779947405 and the email [[email protected]] (mailto:[email protected]).

The upcoming auction is expected to attract keen interest from investors and developers looking to capitalize on distressed but promising real estate opportunities.

Moves to Recover Ksh 8.8 B Invested by SACCOs

Early March 2025, the Kenya Union of Savings & Credit Co-operatives Ltd (KUSCCO) considered several measures to raise funds for refunding affected member savings and credit cooperative societies (SACCOS).

Among the options, KUSCCO was contemplating selling a majority stake in its insurance subsidiary, KUSCCO Mutual Assurance, to strategic investors.

This came after the firm suffered a Ksh13.3 billion heist under the watch of former officials.

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KUSCCO also began the process of auctioning houses and land owned by loan defaulters under the KUSCCO Housing Cooperative (KHC), a move aimed at recovering lost funds.

KUSCCO Group Managing Director Arnold Munene explained that most of their assets, including loans to members, mortgages under the Kuscco Housing Fund, and assets from the Kitengela Homes project, are spread over a long repayment period, ranging from three to 15 years.

About KUSCCO

KUSCCO stands as the apex organization for Savings and Credit Cooperatives in Kenya, championing the formation and growth of robust SACCOs.

Its primary mandate is to advocate for and represent SACCOs.

Additionally, KUSCCO empowers middle and low-income earners in rural and urban areas, a demographic that forms the backbone of Kenya’s economy through the Small and Medium Enterprises (SME) sector.

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