Equity Insurance Agency posted a Ksh600 million gross profit in the financial year ending December 31, 2020. The insurer recorded good performance  despite a...

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This is an outstanding performance compared to the month of February when KRA collected Ksh127.7 billion, registering a performance rate of 105.1% to surpass its February revenue collection target. Despite the slow economic progression, KRA registered 11.2% revenue growth, collecting a surplus of Ksh6.6 billion in March 2021. This is the fourth month running that KRA posted an improved and above target performance since December 2020.

All licenses issued to private institutions for the importation of the vaccines have thus been suspended until further notice, the Cabinet Secretary for Health Mutahi Kagwe announced on 2nd April, throwing private entities that had committed funds to the initiative into a spin and leaving a huge population of Kenyans at the mercy of government.  “The participation of the private sector in the vaccination exercise now threatens the gains made in the fight against Covid-19 across the country,” Mr Kagwe said said.

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High ratings translate to increased, more lucrative advertising deals, which are the bread and butter for many media houses. Advertising is what keeps the lights on. A figure like Shaffie is able to command a huge listenership - raising his value to the company.

CBK stated that the resumption of charges would be subject to review in line with principles announced in December 2020 of customer centricity, transparency and disclosure, fairness and equity, choice and competition and affordability.

As revealed by Big Square CEO Lawrence Mudachi who is also the Chair of the Retail Traders Association, the effects of President Uhuru's address on Friday, March 26 immediately sent ripples through the sector.

“According to our estimates, Agriculture Insurance Premium globally is USD 32 billion. East Africa contributes about USD18 million, of which Kenya is about USD10 million. Governments and the Private Sector in East Africa are working together to increase agriculture insurance penetration. Less than 5% of the Kenya farming community is insured,” said Lovemore Forichi, Senior Underwriter of Agriculture at Allianz.

The chamber, which represents businesses from across the country, also wants the Central Bank of Kenya (CBK) to allow lenders to restructure loans for clients as happened at the onset of the pandemic in the first quarter of 2020.

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In his address, Kagwe noted that, with new infections on the rise, it is a race against time for governments to re-look at some policy interventions necessary to provide appropriate coping and recovery mechanisms to respond to the crisis.