In Focus
Kenya’s Economic Growth Slowed Down to 4.6%, a Two-Year Low, in Q2
Kenya's economic growth rate fell to a 2-year low, expanding 4.6% in the second quarter of 2024, down from 5.6%...
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Markets
Banking
TKWS sits down with Stephen Lokonyo – MD of one of Kenya’s oldest companies
The importance of insurance cannot be underestimated in any economy. For businesses, the cost of insurance is often far less than the costs they’d incur incase of disasters. However, 98% of the Kenyan economy is Medium and Small Enterprises (MSMEs) with little to no capacity to handle risk… Lokonyo says that First Assurance is broadening its insurance option to craft a unique and affordable cover which is in tandem with the needs of a small business.
Special Reports
First Assurance Banks on Tailored Products, Tech to Boost Insurance Penetration
The rate of insurance uptake for businesses globally stands at 7%, and it is only 3% in Africa. It is...
Fruit-processor Del Monte Kenya Rallies Resources for Socio-economic Development
In a country where agriculture accounts for 20% of the GDP, the role of processing industries in socio-economic development remains...