KUSCCO set to auction more than 50 Properties nationwide
Over 50 properties are up for grabs across various counties, with the auction process scheduled to take place on June 5th, 10th, and 13th, 2025.
The Kenya Union of Savings and Credit Co-operatives Ltd (KUSCCO) has unveiled plans for a large-scale property auction in June, marking the first phase of a nationwide sale.
Over 50 properties are up for grabs across various counties, with the auction process scheduled to take place on June 5th, 10th, and 13th, 2025.
The event will be managed by Watts Auctions, the firm appointed to oversee the proceedings.
The auction is part of KUSCCO’s efforts to recover outstanding loans secured against these properties.
A diverse portfolio will be available, featuring residential plots, apartments, maisonettes, commercial shops, and mixed-use developments located in Nairobi, Machakos, Kajiado, Kiambu, and other regions.
The upcoming public auction, coordinated by Watts Auctions for KUSCCO, includes a variety of properties such as residential plots, apartments, commercial buildings, and undeveloped land situated in key and rapidly expanding urban areas across Kajiado, Machakos, Kisumu, Nyandarua, Nakuru, Meru, and Nyeri counties.
Notably, several plots in Katani, Machakos, range in size from 0.03 to 0.242 acres.
Nairobi properties include apartments and maisonettes in estates like Komarock, Kamulu, Ruai and Kahawa Sukari.
Additionally, the Kajiado listings feature a plot in Olturoto along with several others nearby, a 4-bedroom house currently under construction in Ngong, and a plot in Kajiado Town.
All sales will be made subject to a reasonable reserve price, and prospective bidders are encouraged to verify property details beforehand. Payments must be made by cash or bankers’ cheque immediately upon the fall of the hammer.
In early March 2025, KUSCCO explored various strategies to raise funds aimed at reimbursing affected member savings and credit cooperative societies (SACCOs). One key option under consideration was selling a majority stake in its insurance arm, KUSCCO Mutual Assurance, to strategic investors. This move follows a massive Sh13.3 billion theft that occurred during the tenure of former officials.
KUSCCO also initiated the auction of houses and land owned by loan defaulters under the KUSCCO Housing Cooperative (KHC) to recover outstanding debts.
KUSCCO Group Managing Director Arnold Munene explained that their assets—including member loans, mortgages under the KUSCCO Housing Fund, and properties from the Kitengela Homes project—are tied up in long-term repayment plans, some stretching over several years.
