Top insurance agents awarded in annual fete

Kenindia Assurance has awarded its top performing insurance agents and brokers for the year 2018 in recognition of their contribution to the growth of the Company, at an event presided over by Insurance Regulatory Authority Chief Executive officer Godfrey Kiptum. Speaking at the award event, Kenindia Assurance Managing Director B.S. Sharma said the agents still play a critical role in the growth of the Company and the insurance industry in general. “Throughout this journey agents have been an integral part of our growth, for which we are grateful. We look forward to…

Net interests growth push Family Bank earnings to Ksh. 1.01 B

Family Bank CEO Rebecca Mbithi  speaking during the investor briefing    Family Bank has recorded a Sh1.01 billion profit before tax in the nine months of 2019, registering a remarkable 274% growth in earnings compared to the same period in 2018. Higher loan uptake, steady growth in customer deposits and growth in operating income are the key drivers of the bank’s profitability and the same continue on an upward trajectory. The performance, covering the period up to end of September 2019, is an improvement from the Sh269.9 million posted in…

KWFT, AAR Insurance and Bliss Healthcare launch affordable health micro-insurance product

Kenya Women Microfinance Bank (KWFT) has partnered with AAR Insurance & Bliss GVS Healthcare to launch a medical micro- insurance cover targeting low and middle income earners in Kenya. The product named KWFT Afyafit is a comprehensive and affordable medical micro-insurance at only Ksh19,800 for a family of six. The product comes with an inpatient limit of Ksh 500,000, outpatient limit of Kshs 75,000, a generous maternity limit of Ksh100,000, dental and optical limit of Ksh10,000 respectively per family. KWFT Afyafit also covers chronic, psychiatric and congenital conditions as well as…

Survey: 40pc of car insurance policies in Nairobi might be fake

One customer said she had an accident and when she went to claim, she was told that the insurance company did not have her details in their system, despite having paid for the premiums. 40 percent of motor vehicle insurance policies in Nairobi exist only on paper according to research released by insure tech company Bismart. It reveals that a sizeable number of Kenyan drivers could be holding fake car insurance despite having paid for the cover. The research showed that 22 percent of motor vehicle insurance policies could not…

KCB Introduces more borrowing options with revamped KCB-Mpesa Platform

KCB-MPESA customers will now enjoy more borrowing and saving options and faster transaction speeds. This follows a successful migration of the offering to a new and more robust platform, KCB Bank Kenya has said in a move that will allow KCB M-PESA users to borrow a loan, pay it back the same day and borrow again. The revamped product is part of KCB Bank digital banking proposition meant to deliver sustainable growth for the business into the future. “We are continually reimagining digital finance. There is need for us to…

City sprouted with Alcoholic retreats despite tough regulations

Issuance of new liquor licenses in Nairobi has been frozen in a move aimed at allowing Nairobi City County Alcoholic Drinks Control and Licensing Board to review existing liquor outlets. Regional Commissioner Kangethe Thuku urged the board to control and regulate the number of wines and spirits and bars sprouting near schools and in residential areas. Speaking during a sensitization workshop for local leaders, administrators and bar owners, Thuku pointed out that National Agency for the Campaign Against Alcohol and Drug Abuse (NACADA) Authority statistics for 2017 indicate Nairobi County…

Counties to benefit from free fistula Safari’s medical camps

Amref Health Africa in Kenya has signed a memorandum of understanding (MoU) with the First Lady’s Beyond Zero Secretariat to manage the fistula component of the First Lady’s medical safari camps. Under the agreement, Amref Health Africa’s role during the medical safaris will be to create awareness and mobilization for uptake of free services, conduct free fistula repair, provide post-care for patients, and provide one to one counseling. The first safari will be held this week at the Narok County National Stadium. Other Counties pre-selected for the first phase of…

WHY ANARCHY REIGNS ON OUR ROADS?

By Alfred Mosoti Road madness, a product of impunity, lacuna in law, unwillingness and/or inability to execute existing laws It is unfortunate that many are so obsessed with the ‘’Haki yetu and Haki yangu mantra’’ (Our and my rights cliché) to the extent of forgetting that rights goes hand in hand with responsibilities! Nevertheless Truth be told: Rights without Responsibilities and rights while right without responsibilities only result to confusion. Back to the main agenda: The anarchy on our roads is a product of conspiracy among three main demons namely:…

Governors spearhead realization of Kenya’s blue economy potential

By Abednego Mwikya The bid for full exploitation of the potential of Kenya’s blue economy has gained momentum after county governments vowed to rally behind the agenda. More than 20 governors from counties endowed with blue economy resources said they will be on the forefront in spurring conversations around utilization of water resources in the country with a view to creating job opportunities for unemployed Kenyans and for improvement of the economy. “Going forward, we are going to tackle the challenges that prevent this country from tapping the full potential…

Finserve releases mKey keyboard app to enrich lifestyle

The audacious app, mKey, is a case study of adapting technology to customer lifestyle needs. It has redefined how we communicate and transact by fusing social conversations with the best in financial services into a lifestyle defined by ultimate user experience.  Finserve has launched mKey, Africa’s first keyboard app to converge social, and financial services into an integrated lifestyle while rewarding users as they transact. mKey brings a differentiated user experience to the market by blending the best of social conversations with the full breadth of financial services as it…