Kencom Sacco officials in a rush to clear Kuscco debt as arrest looms

Kencom Savings and Credit Cooperative Society is under pressure to settle a Sh183 million debt to the Kenya Union of Savings and Credit Cooperatives (Kuscco) within three months, as ordered by a tribunal. The Sacco admitted it lacks liquid assets and is exploring land sales in Mavoko and pursuing a foreign loan. The tribunal suspended arrest warrants against the Sacco officials to allow for the development of a repayment plan.