Kuscco liquidation vote costs saccos Sh11bn

Sacco members look set to lose at least Sh11.6 billion after Kenya Union of Savings and Credit Co-operatives (Kuscco) was put into voluntary liquidation, dimming the legal push for co-operatives to fully recover investments in the umbrella body. Kuscco members on Friday voted to wind up the central body after failed attempts to revive it…

The Subhash Chandra saga explained

In today’s Finshots, we explain how the Essel Group’s financial crisis unfolded and why the insolvency case involving its promoter has sparked a major legal debate among Indian lenders. But before we begin, if you love keeping up with the buzz in business and finance, make sure to subscribe and join the Finshots club, loved by over…