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The Standard e-Paper
Truth Without Fear
The Standard Group Plc is a
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influence in matters of national and international interest.
Saccos are seeking ways to bypass employers in the remittance of members' deductions, with the latest industry report by the regulator showing they are now owed a whopping Sh3.4 billion.
By acquiring licences to offer front office services (Fosa), large Saccos believe it will give them the capacity to deduct members' contributions and loan repayments directly.
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