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.
A report by the National Treasury has found that micro and small enterprises are missing out on the government's cheap loans due to their informal set-up or structure that does not meet requirements in the Public Finance Management (PFM) Act and the MSE Act.
The report also notes that due to their informal set-up, they are tax non-compliant and hence cannot access the funds.
The report submitted to the National Assembly on November 9, 2022 documents the uptake of the government's credit under the Credit Guarantee Scheme which is run by the National Treasury.
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