Buyers and property investors will have an opportunity to bid for 42 properties linked to the Kenya Union of Savings and Credit Co-operatives (KUSCCO) Ltd when Watts Auctions conducts three sales across the country in November 2026.

The properties, which include undeveloped land, residential houses, apartments, rental buildings and commercial premises, are being sold as part of the liquidation of the embattled savings and credit co-operative umbrella organisation.

The auctions are scheduled for November 11, 20 and 27, with properties grouped according to their locations in different regions. The portfolio covers Nairobi, Kajiado, Kiambu, Mombasa, Kisumu, Machakos, Meru, Kilifi and other areas.

The sale will allow the liquidator to convert some of KUSCCO’s property holdings into cash as efforts continue to establish the value of its remaining assets and address claims arising from its financial collapse.

Watts Auctions will handle the sales, according to the published notice. The properties range from vacant plots to developed buildings, including structures that are incomplete or still under construction.

Where the properties will be auctioned

The first sale is scheduled for November 11 at Watts Auctions’ offices on the ninth floor of View Park Towers in Nairobi. It will cover properties in Nairobi, Central Kenya, Kajiado and the Mount Kenya region.

On November 20, the auctioneer will conduct the second sale at the public park near Absa Bank in Kisumu. The auction will cover properties in Western Kenya, Nyanza, the Rift Valley and Kisii.

The final sale will take place on November 27 at Watts Auctions’ offices at Canon Towers in Mombasa, covering properties in the Coast region.

Prospective bidders will need to review the auction notice for the details of individual properties and the applicable bidding conditions. The published information does not provide a consolidated valuation of all 42 properties or indicate the reserve price for each asset.

Residential homes, plots and commercial buildings

The properties on offer include vacant plots in Kitengela, Olturoto, Joska and Komarock. These could interest buyers seeking land for future development, although the suitability of each plot will depend on its location, access, permitted use and ownership records.

The residential properties include a four-bedroom bungalow in Kajiado, a maisonette in Kiambu and an apartment at Kirichwa Gardens in Nairobi.

The commercial portfolio includes a motor vehicle workshop in Kisii, rental buildings in Kisumu and other locations, as well as a commercial block under construction. The auction list also contains incomplete houses and residential developments at different stages of construction.

The range of properties means potential buyers will face different costs beyond the auction price. Completed houses may require maintenance or renovation, while unfinished buildings could need additional capital before they are ready for occupation or commercial use.

Rental properties will also require assessment of their condition, existing tenants and income potential. Buyers will need to establish the legal status of each asset and determine whether any outstanding obligations could affect ownership or future development.

The notice does not disclose the total market value of the portfolio, the expected proceeds or the share of KUSCCO’s liabilities that the sales are likely to cover.

KUSCCO liquidation follows financial collapse

The planned disposals come after KUSCCO’s financial difficulties led to a decision to dissolve the organisation. Members voted for dissolution in August 2026 after efforts to restore its financial position failed.

The Commissioner for Co-operative Development, David Obonyo, subsequently cancelled the organisation’s registration and ordered its liquidation. The move followed a government-appointed forensic audit that found KUSCCO insolvent.

The audit estimated the organisation’s liabilities at Sh17 billion, compared with an asset base of approximately Sh5.4 billion. The difference points to a potential shortfall of Sh11.6 billion, although the final recovery position will depend on the value realised from assets and the claims established during liquidation.

KUSCCO’s financial problems have raised concerns among affiliated savings and credit co-operative societies that entrusted funds to the umbrella organisation. The winding-up process is intended to establish the assets available, verify creditors’ claims and distribute the proceeds according to the applicable legal priorities.

The November auctions represent one part of that process. However, the amount raised will depend on the prices bidders offer and the costs associated with completing the sales.

Given the gap between KUSCCO’s estimated liabilities and assets, the disposal of the 42 properties alone may not be enough to meet all outstanding obligations. The final position will become clearer as the liquidator accounts for the proceeds and determines how much can be distributed to verified creditors.