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Societies: Pay dividends to members electronically, orders commissioner

Network Sacco Chairman Edward Teka (left) and Head of HR Standard Group Nicholas Siwatom at Standard Group along Mombasa road. [Jonah Onyango/Standard]

Cooperative societies will pay dividends without subjecting members through the prerequisite annual general meetings.

Acting Commissioner for Cooperatives Geoffrey Njang’ombe ordered payment of dividends and interests on deposits to members forthwith.

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