{"id":199216,"date":"2025-05-31T13:32:54","date_gmt":"2025-05-31T11:32:54","guid":{"rendered":"https:\/\/southafricatoday.net\/africa-news\/east-africa\/kenya\/kenya-afya-sacco-writes-off-sh361mn-linked-to-kuscco-investment-scandal\/"},"modified":"2025-05-31T13:32:54","modified_gmt":"2025-05-31T11:32:54","slug":"kenya-afya-sacco-writes-off-sh361mn-linked-to-kuscco-investment-scandal","status":"publish","type":"post","link":"https:\/\/southafricatoday.net\/africa-news\/east-africa\/kenya\/kenya-afya-sacco-writes-off-sh361mn-linked-to-kuscco-investment-scandal\/","title":{"rendered":"Kenya: Afya Sacco Writes Off Sh361mn Linked to Kuscco Investment Scandal"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"story-body-text\" data-para-word-count=\"40\">Nairobi \u2014 <em>Afya Sacco Society has formally written off Sh361.6 million lost in the collapsed investments with the Kenya Union of Savings and Credit Co-operatives (KUSCCO), representing one of the largest financial hits linked to the scandal that shook Kenya&#8217;s cooperative sector.<\/em><\/p>\n<p class=\"story-body-text\" data-para-word-count=\"18\">The amount was revealed in Afya Sacco&#8217;s latest consolidated financial report for the year ending December 31, 2024.<\/p>\n<p class=\"story-body-text\" data-para-word-count=\"24\">Under the section on receivables, the SACCO listed the Sh361.6 million as a non-recoverable loss stemming&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/allafrica.com\/stories\/202505300516.html\" target=\"_blank\" rel=\"noopener\">Read more on AllAfrica.com<\/a><br \/>\n<br \/>South Africa Today Africa \u2013 East Africa <a title=\"Kenya\" href=\"https:\/\/southafricatoday.net\/africa-news\/category\/east-africa\/kenya\/\">Kenya<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nairobi \u2014 Afya Sacco Society has formally written off Sh361.6 million lost in the collapsed investments with the Kenya Union of Savings and Credit Co-operatives (KUSCCO), representing one of the largest financial hits linked to the scandal that shook Kenya&#8217;s cooperative sector. The amount was revealed in Afya Sacco&#8217;s latest consolidated financial report for the [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":199217,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[250],"tags":[258,256,38081,6018,4688,430,51490,12237,257,21106,7454,51489,254,9043],"class_list":["post-199216","post","type-post","status-publish","format-standard","has-post-thumbnail","category-kenya","tag-africa","tag-africa-news","tag-afya","tag-investment","tag-kenya","tag-kenya-news","tag-kuscco","tag-linked","tag-news","tag-sacco","tag-scandal","tag-sh361mn","tag-south-africa-today","tag-writes"],"fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/199216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=199216"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/199216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/199217"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=199216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=199216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=199216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}