insurance industry Stories

Insurance audit firms face eight-year term limit under draft Treasury rules
Lucy Mumbi  |  Oct 27, 2025

The proposed regulations aim to introduce strict rotation rules, capping the tenure of audit partners, managers and staff at four consecutive years, w...

Kenyan banks pay Sh194.8 billion in taxes despite slower growth, high costs - report
Lucy Mumbi  |  Oct 26, 2025

The report, which covered 36 banks and microfinance institutions, showed that for every Sh100 profit, the exchequer collected Sh38.50 in taxes.

Motor vehicle sales soar as lending rates fall amid economic recovery
Maureen Kinyanjui  |  Oct 24, 2025

The rebound follows a period of slow sales in 2024, when reduced government spending and tighter financial conditions dampened demand.

Betting withdrawal tax could drive users to unregulated platforms, Budget Office warns
Maureen Kinyanjui  |  Oct 14, 2025

Under the new Finance Act 2025, any money taken out of a betting account is taxed, regardless of whether it is winnings or the original deposit.

Dagoretti North boda boda riders launch voter registration drive after electing new officials
Barack Oduor  |  Oct 12, 2025

The operators noted that zoning will promote discipline and order among riders, as each stage will have its own distinct reflector design and registra...

Senate approves Bill to tighten tobacco regulations
Maureen Kinyanjui  |  Oct 10, 2025

The committee preserved the ban on advertising, online sales, and promotion of tobacco products, restrictions opposed by major companies, including Br...

Kenya’s betting boom turns tragic as families sink under Sh88.5 billion losses
Rachael Mutabasi  |  Oct 08, 2025

In a statement issued on Wednesday, October 8, 2025, MWARP noted that while betting platforms publicise jackpot winners, they conceal the millions of...

What to check before boarding a matatu: Commuters share key insights
Margaret Wanjiru  |  Oct 04, 2025

Some Saccos are notorious for reckless driving and poor service, while others are praised for discipline, reliability, and professionalism. The Sacco...

COTU rejects role in committee supervising sugar factory layoffs
Maureen Kinyanjui  |  Oct 04, 2025

In a letter dated October 3, 2025, addressed to Labour Cabinet Secretary Alfred Mutua, Cotu Secretary-General Francis Atwoli said the union would not...

World’s largest cruise ship, Legend of the Seas, set for 2026 debut after historic launch
Maureen Kinyanjui  |  Oct 03, 2025

The launch involved a 12-hour operation in which 92 million gallons of water, equivalent to more than 140 Olympic-sized pools, were pumped into the dr...

Trademark, patent approvals halted at KIPI amid fraud allegations
Maureen Kinyanjui  |  Oct 02, 2025

Weak internal checks have allowed a few officials to handle entire processes, from receiving applications to reviewing and registering them creating...

Mogadishu port ranked most efficient in East Africa by World Bank index
Abdirahman Khalif  |  Sep 28, 2025

For Somalia, the recognition is not merely symbolic—it signals that the country can deliver competitive services despite a challenging environment, gi...

University lecturers told ‘strike must end now’ as government enforces court order
Lucy Mumbi  |  Sep 18, 2025

CS Ogamba said the Employment and Labour Relations Court had issued an order earlier on Thursday stopping the industrial action, pending a legally san...

MPs demand answers from NITA on missing funds, controversial land deal
Maureen Kinyanjui  |  Sep 18, 2025

The Wednesday session focused on the unexplained use of Sh355 million, equivalent to 21 percent of NITA’s 2016/2017 budget, which remained unspent.

Kilifi set to become manufacturing hub with launch of Sh16 billion industrial park
Farhiya Hussein  |  Sep 16, 2025

The 2,000-acre Vipingo Special Economic Zone (SEZ), is expected to generate 50,000 direct jobs and at least 250,000 indirect opportunities once fully...

Freight bottlenecks, cargo crisis shave Sh1.4 billion off Kenya’s flower sector
Maureen Kinyanjui  |  Sep 16, 2025

According to the Agriculture and Food Authority (AFA), total flower exports fell by 12 per cent from 116,273 tonnes in 2024, translating to a Sh72.1 b...

Oxford documentary exposes Kenya’s shadow scholars writing essays for UK students
Bashir Mbuthia  |  Sep 15, 2025

The documentary, produced by British-Kenyan sociologist Patricia King'ori, follows young Kenyans—commonly referred to as "shadow scholars"—who make a...

Boda boda riders to wear county-specific uniforms, carry unique IDs under new reforms to curb lawlessness
Lucy Mumbi  |  Sep 11, 2025

Riders will also be required to join Savings and Credit Cooperative Societies (SACCOs) and stage chamas.

Africa secures Sh12 trillion to fast-track green industrialisation
Maureen Kinyanjui  |  Sep 09, 2025

Through this alliance, Africa’s renewable energy will be channelled into creating modern industrial hubs, diversifying value chains, and generating em...

Kenya among countries where motorcycle helmets fail safety tests, new report finds
Lucy Mumbi  |  Sep 08, 2025

An analysis by the Global Alliance of NGOs for Road Safety shows that none of the helmets tested from 10 countries, including Kenya, Benin, Côte d’Ivo...

Boda Boda Association disowns riders over recent cases of arson, violence as Murkomen vows crackdown
Lucy Mumbi  |  Sep 07, 2025

Murkomen singled out boda boda gangs, rogue groups involved in traffic disruptions, funeral invasions and robberies, as a growing security threat.

President Paul Kagame urges open skies as Africa aviation summit kicks off
XINHUA  |  Sep 05, 2025

The summit has drawn representatives from airlines, airports, aviation authorities, and industry professionals from across the continent and beyond.

Agro-industrialisation and e-commerce drive Africa’s logistics market to record highs
Alfred Onyango  |  Sep 03, 2025

A key driver of this momentum is the rapid expansion of e-commerce, with the continent’s online retail market projected to surpass $75 billion (Sh9.7...

Myanmar scam empire thrives despite crackdowns, militias and criminal syndicates shield operations
Mary Wambui  |  Aug 27, 2025

The Global Initiative Against Transnational Organised Crime (GI-TOC) released the report on Wednesday, noting that despite border raids, utility cuts,...

From Kenya to Ghana: Why Africa’s skies remain unsafe amid human error, regulatory gaps
DW News  |  Aug 18, 2025

From Ghana’s deadly crash to Kenya’s mid-air tragedies, experts warn that negligence, weak oversight, climate chaos, and above all, human error are pu...

MPs probe KEBS's controversial vehicle inspection tender
Lucy Mumbi  |  Aug 18, 2025

The inquiry comes after traders raised alarm over a KEBS directive requiring importers of used vehicles to pay an additional Sh12,000 for validation d...

Rivatex on brink of collapse as high costs, outdated machines undermine revival plan
Lucy Mumbi  |  Aug 10, 2025

A recent inspection by the Parliamentary Committee on Trade, Industry and Cooperatives revealed that the Eldoret-based textile firm is running at less...

Ruto signs laws to regulate gambling, shorten tenure of roads agency bosses
Lucy Mumbi  |  Aug 07, 2025

A key highlight of the new law is the introduction of a minimum bet threshold of Sh20. Any operator who permits bets below this amount risks a fine of...

Foreign Investments offer minimal impact to Kenya’s industrialisation, study shows
Alfred Onyango  |  Aug 02, 2025

The report recommends urgent policy reforms to make brownfield investment more attractive and sustainable in this sector, which has the potential to d...

Seven must-clean spots in your home each month for a healthier living space
Margaret Wanjiru  |  Aug 01, 2025

A clean home requires more than weekly tidying—monthly deep-cleaning of often-overlooked areas can be the key to comfort and preventing chronic illnes...

Stay ahead of the news! Click ‘Yes, Thanks’ to receive breaking stories and exclusive updates directly to your device. Be the first to know what’s happening.