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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.
An audit report into the Kenya Union of Savings and Credit Cooperatives (Kuscco) reveals how the organisation dished out loans to Saccos and senior staff without evidence of their ability to repay.
The audit by PricewaterhouseCoopers (PwC) shows by December 2023, the Sacco umbrella body had accumulated non-performing loans (NPLs) of Sh5.3 billion.
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