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.
Cabinet Secretary Industrialization and Enterprise Development Adan Mohamed (left) and KUSCCO LTD Managing Director George Ototo (middle) arrives at the 2nd Sacco Leaders Convention and Regional Youth Forum at KICC Nairobi. PHOTO: MOSES OMUSULA/STANDARD
Saccos will have to strengthen their governance structures if they are to maintain their growth trajectory, Industrialisation Cabinet Secretary Adan Mohamed has said.
He said due to the unique business model of Saccos, they must rethink about the issue of governance to guard against theft of members’ deposits. Currently, Saccos hold over Sh600 billion of customer deposits.
Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.