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Higher claims, low investment cost general insurers Sh1 49bn

Medical and motor vehicle insurance have consistently emerged as the major causes of losses in the sector.

Edna mwendaInsurance regulatory authorityGeneral insurance

Centum to pay Sh2 3bn debt from Sidian Bank proceeds

Centum will sell Sidian Bank at a loss compared to its original investment but at a major premium compared to the subsidiary’s current valuation.

Nairobi areaEdna mwendaSidian bankSidian bank to nigerianCentum investments companySidian bank to accessSidian bank to nigeria accessInvestments companyNairobi securities exchange listedAccess bankTwo riversSidian bankAccess bankDebt repayment

Kenya now among the top export destinations in Africa, says report

Kenya’s performance was aided by the improved infrastructure including the SGR.

Nairobi areaSouth africaRift valleyEdna mwenda

KCB digital pay deal allows easy diaspora remittances

The partnership with Mobex- an affiliate company of TerraPay Group- will see KCB strengthen its position in the global payments ecosystem.

Saudi arabiaUnited statesUnited kingdomAnnastacia kimtaiEdna mwendaCentral bankBank kenyaAmbar surKcb diaspora remittances

Free trade agreement will boost intra-Africa deals, say 90pc CEOs

Nine in 10 African chief executives have confidence the actualisation and adoption of the free trade agreement will boost intra-African trade.

Edna mwendaAfrican continental free trade area

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