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.
Ngao Credit has said it is confident it will receive a licence to operate as a microfinance bank.
The credit-only microlender said it had met all the requirements and is only waiting for the nod from the Central Bank of Kenya (CBK) to start receiving deposits from the public. The management of the microfinance institution said it expect to receive the licence by January next year.
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