How SACCOs Will Recover Ksh660M Unpaid Claims at KUSCCO in New Plan 

Hello and welcome to the Money News Roundup, where we cover 18 SACCOs converting Ksh660 million at KUSCCO to shares. We also cover the latest developments on the police deployment to Haiti after the UN approved for formation of a new global force.

How SACCOs Will Recover Ksh660M Unpaid Claims at KUSCCO in New Plan 

18 SACCOs are set to convert Ksh660 million of unpaid claims at KUSCCO Mutual Assurance Limited (KMAL) into shares ahead of the planned sale of a majority stake in the insurer. 

The amount represents 55 percent of KMAL’s Ksh1.2 billion outstanding liabilities, mostly owed to SACCOs. 

KUSCCO, which has faced financial turmoil linked to a Ksh13.3 billion heist, offered saccos the option to turn claims into equity.

The union’s interim board approved selling a 60% stake in the insurer, with up to 20% allocated to SACCOs through conversions and 40% reserved for a strategic investor. 

As reported in the Business Daily, the transaction is expected to conclude in November, with KUSCCO aiming to recover at least Ksh6.2 billion for saccos within three years.

"Several expressions of interest have been received, including one from a leading insurance company within the sector. Non-disclosure agreements have been executed, and as such, specific details remain confidential until the process is finalised and the necessary approvals are obtained,” KUSCCO MD Arnold Munene stated.

“We expect to finalise discussions with strategic investors by the end of November 2025. This process will unlock the value of Kuscco’s investment in KMAL, allowing the capital to flow back to saccos as envisioned in the recovery strategy.”  

Murkomen Hints at Return of Police Deployed in Haiti After UN Approves Formation of New Force

Kenyan police officers deployed in Haiti will soon return home following the United Nations’ decision to expand the mission, Interior CS Kipchumba Murkomen has announced.

Speaking at the Jukwaa la Usalama forum in Nairobi, Murkomen said the development creates room for other countries to send personnel, allowing Kenyan officers to come back with invaluable experience to boost domestic security.

As reported in the Star, the CS praised the officers for dealing with gangs in Port-au-Prince, describing them as a source of pride and global respect.

The UN Security Council approved a new 5,550-strong Gang Suppression Force (GSF) for Haiti, replacing the Kenyan-led Multinational Security Support (MSS) mission.

Currently, Kenya has 1,000 officers deployed to Haiti and has spent close to Ksh2.5 billion in the mission. Kenya supported the proposal to form the new force.

Recruitment of 10,000 Police Officers Postponed

The police recruitment exercise scheduled to start on October 3, 2025, has been postponed after the Employment and Labour Relations Court issued conservatory orders suspending the exercise.

As reported by Citizen Digital, Justice Hellen Wasilwa suspended the exercise following a petition filed on September 30, directing both parties to file responses within seven days. The matter will be mentioned on October 21 for compliance. 

NPS spokesperson Muchiri Nyaga confirmed the postponement, citing the court order, and noted that the service is seeking legal remedies. The exercise had targeted 10,000 recruits across 416 centres.

CS Duale Announces Reforms for SHA After Private Hospitals Stop Services

The Ministry of Health has unveiled reforms under the Taifa Care programme to enhance collaboration with private providers and streamline healthcare financing. 

Speaking at a forum with 176 providers from seven counties, Health CS Aden Duale said his Ministry had sought Ksh5.4 billion from the Treasury to clear NHIF debts. The payment will be used to pay hospital claims that are below Ksh10 million.

As reported in the Star, new measures set to be introduced in SHA to enhance cooperation with private hospitals include appointing SHA relationship managers, establishing a one-stop shop at Huduma Centres, and deploying AI to detect fraud.

The move comes after private hospitals announced that they would stop SHA services over unpaid claims. The government owes both public and private health providers Ksh30 billion.

Chicken Inn and Pizza Inn Revenue Grow as Home Deliveries Surge 

Simbisa Kenya, operator of Chicken Inn, Pizza Inn, Creamy Inn, Baker’s Inn, and Galito’s, reported 12% revenue growth in the year to June 2025.

This was driven by a 33% rise in delivery sales, even as customer visits to the outlets fell by 6%.

As reported by the Kenyan Wall Street, deliveries now contribute 22% of the Kenyan business, with management targeting 30% by FY2026. At the group level, revenue rose by 7% to Ksh39 billion (USD 306.5 million). Simbisa operates 730 outlets across nine African markets, including Ghana and Namibia.

Gangs Turn to High-End Cars to Commit Robberies in Nairobi Estates

As reported by Citizen Digital, a new wave of sophisticated robberies is hitting Nairobi’s affluent estates, with gangs now using luxury vehicles to evade suspicion. The gangs are now using SUVs like Toyota Prados and Nissan X-Trails.

The choice of the vehicles is to blend in with the upscale estates and avoid raising suspicion.  

Some of these incidents have been reported in Syokimau, General Mathenge, Shanzu Road, and Embakasi.

In one Syokimau incident, suspects in buibui broke into an apartment and stole cash and valuables after bypassing security. 

In Embakasi, robbers tracked a businessman from a bank to his workplace using a Nissan X-trail. The gangs then broke into the car. However, they did not find any money as the businessman had stored it somewhere else.