Liberty Kenya Holdings Plc Appoints Kieran Godden As New CEO
Liberty Kenya Holdings PLC has announced the appointment of Kieran Godden as Group Chief Executive and director of the Company, effective August 1, 2023. He replaces Godfrey Kioi who was [...]
ATIDI Insures EUR 300 Million Loan for Tanzania’s Projects
African Trade and Investment Development Insurance(ATIDI) has insured a EUR300 million loan facility issued by Deutsche Bank AG to the Government of Tanzania.The facility will finance several infrastructure projects included [...]ATIDI holds its 23rd AGM in Rwanda
The African Trade Investment Development Insurance (ATIDI) held its 23rd Annual General Meeting (AGM) in Rwanda last week from 5th to 7th July 2023, changing its commercial name from [...]Micro Insurance Companies in Kenya Rise to 22 in 2022 AKI Report
Micro insurance underwriters in the Kenyan market increased in number from 11 in 2015 to 18 in 2022, implying potential for growth. According to findings of a study done by [...]Male Spends More On Health Insurance, says KNBS
The counties of Laikipia, Kiambu, Nairobi and Nyeri are leading in health insurance uptake showing caution residents take in unforeseen expenditure associated with illnesses. The absorption of any type of [...]
Invesco Assurance Company Put on liquidation Due to Millions in Unpaid Claims
Invesco Assurance Company, which provides insurance policies for public service vehicles, has been forced into liquidation due to its failure to pay out claims amounting to millions of shillings. In [...]Jubilee Holdings Appoints Njeri Jomo as CEO for Health Insurance Unit
Jubilee Holdings Limited has appointed Njeri Jomo as the Chief Executive Officer and Principal Officer of Jubilee Health Insurance Limited. Previously she served as the General Manager, Retail Business Development [...]
Digital Fraud Attempts Coming from Kenya Decrease in Q2
The rate of suspected digital fraud attempts from Kenya in Q2 2022 decreased by -27% compared to the same period last year, compared to a -14% decline shown globally. A quarterly [...]Kenyan Insurtech Turaco Secures $10M Series A Round Fundraise
Kenyan insurtech Turaco has announced the close of a $10 million Series A equity round led by AfricInvest, via the Cathay Africinvest Innovation Fund, and existing investor, Novastar Ventures with [...]Jubilee Holdings Declares Dividend Despite 21% Half Year 2022 Profit Decline
Jubilee Holdings Limited has reported a decline of 21% in half year profit before tax to KES 4.1 billion for the period ended 30th June 2022. The Nairobi listed company, [...]Jubilee Holdings to Get KSh270 Million from Mauritius Stake Sale
Jubilee Holdings is set to receive KSh270 million from the sale of a 54.15% stake in its Mauritian subsidiary to insurance giant Allianz SE. Allianz will acquire a total stake [...]Insurance Claims Rise 10% to KSh18.43 Billion in Q1 2022
Insurance claims incurred rose 10% to KSh18.43 billion in the first quarter of 2022 rose by 10% to KSh18.43 billion During the period under review, the highest insurance claims were [...]
