KUSCCO to auction 42 properties in Nairobi, Kisumu and Mombasa in November: dates and what buyers should check

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KUSCCO, the Kenya Union of Savings and Credit Co-operatives, which is under liquidation, will auction 42 properties in three regional sales on November 11, 20 and 27, 2026, in Nairobi, Kisumu and Mombasa, according to a published notice reported by Capital FM. Watts Auctions is conducting the sales.

KUSCCO auction dates and venues

What is on sale

The portfolio includes vacant plots, apartments, maisonettes, bungalows and commercial buildings across counties including Nairobi, Kajiado, Kiambu, Mombasa, Kisumu, Machakos, Meru and Kilifi. Examples in the notice:

• vacant plots in Kitengela, Olturoto, Joska and Komarock;
• a four-bedroom bungalow in Kajiado, a maisonette in Kiambu and an apartment at Kirichwa Gardens, Nairobi;
• a motor vehicle workshop in Kisii and rental buildings in Kisumu and elsewhere;
• incomplete houses and a commercial block under construction.

The notice does not give the total market value, reserve prices or expected proceeds, nor how much of KUSCCO’s debts the sales are expected to cover.

Why KUSCCO is selling

KUSCCO members voted to dissolve the union in August 2026 after efforts to revive it failed. The Commissioner for Co-operative Development cancelled its registration and ordered liquidation, appointing a three-member team to wind it up. A government forensic audit found the union insolvent, with liabilities of about KSh17 billion against assets of about KSh5.4 billion. Proceeds will go towards verified claims in the order set by law.

The collapse has hit member saccos that placed deposits with KUSCCO. See our reports on Ukaguzi Sacco’s slow KUSCCO recovery and the tax tribunal’s order on KUSCCO’s KSh973m KRA bill.

Checks before you bid at the KUSCCO auction

1. Get the full catalogue from Watts Auctions, including land reference numbers.
2. Do an official search on Ardhisasa or at the land registry to confirm ownership and any charges or cautions; see our guide to land transfer steps and costs.
3. Visit the property: several are incomplete or occupied by tenants, which affects value and possession.
4. Check the auction terms: deposit on the fall of the hammer, balance deadline and who pays stamp duty and transfer costs.
5. Budget for extra costs: stamp duty, legal fees, any land rates arrears and the cost to finish incomplete buildings.
6. Watch for fraud: pay only into accounts named in official auction documents. Our land fraud checklist lists 12 checks.

What it means for sacco members

Members of saccos that lost money in KUSCCO should not expect quick payouts: assets of about KSh5.4 billion against KSh17 billion in liabilities means verified creditors are likely to recover only part of their claims, and only after secured and preferential creditors are paid. Sacco members can ask their boards for updates on claims lodged with the liquidators.

FAQ

When is the KUSCCO auction?

November 11 (Nairobi), November 20 (Kisumu) and November 27 (Mombasa), 2026.

Who is the auctioneer?

Watts Auctions.

Are reserve prices published?

Not in the notice reported on October 28; ask the auctioneer for the catalogue and terms.

Updated October 31, 2026.

Related: Sacco assets hit KSh1.21trn and members 7.87m as Oparanya warns boards against risky payouts