×
The Standard e-Paper
Read Offline Anywhere
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
As part of a stringent crackdown on poorly managed savings and credit co-operatives (Saccos), the Cabinet Secretary for Co-operatives has declared a moratorium on new registrations and banned the use of loans to pay dividends to members.
The move, the government reckons, will curb "unhealthy financial competition" and protect millions of depositors in a sector that holds over Sh1.08 trillion in assets.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join