The suit was filed by the Kenya Human Rights Commission (KHCR) in response to price hikes and adjusted terms by insurance companies. KHCR also sued the Insurance Regulatory Authority (IRA) as it accused the regulator of abandoning its duty to protect consumers.
Absa Life Assurance Kenya (ALAK), an Absa Group subsidiary, has signed a product distribution agreement with Hisa Africa Insurance Agency. Prior to this partnership, Hisa...
If it is established upon inspection of an insurance company that they are dealing with or have dealt with an insurance agent or agency that is not licensed, the insurance company will be liable to pay a penalty of KES 200,000 for every established case in line with the provisions of Section 67D of the Insurance Act.
Equity Insurance Agency posted a Ksh600 million gross profit in the financial year ending December 31, 2020. The insurer recorded good performance despite a...
Qwetu USIU 4 (601 beds) and Qwetu Hurlingam (832 beds) are expected to be complete in Q4 2021. Qwetu and Qejani Catholic University (542 beds and 1,000 beds respectively) are on course to open in Q3 2022. Qwetu and Qejani Chiromo (837 beds and 2,112 beds respectively) aim to open in Q4 2022 after the necessary approvals were received in July 2021.
Users of the platform have on a number of occasions revealed that it remains exposed to loopholes it was meant to eliminate, with several complaints of demands by city officials for bribes in exchange for construction permits.
The NSE-listed bank saw profit before tax rise 70% from the previous year to hit Kshh12.6 billion. Net profit rose 66% to Ksh9.04 billion.
She said the youth will be a big part of delivering the robust strategy and therefore the need to have a forum dedicated to addressing the special needs of the young employees within KenGen.
The management took decisive action to increase provisions in order to take the best position for future potential credit losses. This was decision was greatly impacted by the customers struggle to keep up with loan repayments due to the economic effects of Covid-19.
The World Council of Credit Unions (WOCCU) says credit unions and financial cooperatives worldwide still face challenges in reaching out to unserved markets and vulnerable populations.