Safaricom has retained the top position as Kenya’s most valuable brand (valued at $689 million), to lead the pack of the country’s 20 leading corporates.
Kenya Reinsurance Corp. Ltd.’s net profit increased by only 0.8% to 2.97 billion Kenyan shillings ($25.7 million) in 2021 as the reinsurer recorded a larger impairment cost of approximately KES909 million for bad debts relating to unpaid premiums, up from KES227.8 million in 2020.