Insurance Regulatory Authority Stories

Medical insurance makes turnaround, records profits for the first time since 2021
Maureen Kinyanjui  |  Feb 12, 2025

The Insurance Regulatory Authority data shows that 14 out of 21 medical insurers posted underwriting profits in the first half of 2024.

Wa Iria: County finance officers to be liable for deliberate non-payment of contracts
Maureen Kinyanjui  |  Feb 12, 2025

According to Wa Iria, the Public Procurement Regulatory Authority will escalate cases of non-compliance to relevant enforcement agencies for appropria...

President Ruto reappoints Nyange as PSRA Chair as CSs restructure key ministries
Maureen Kinyanjui  |  Feb 09, 2025

Nyange had previously held the position but for a short tenure following the revocation of former chair Stephen Ng'ang'a's appointment.

Saccos regulatory agency releases list of institutions licensed to operate in Kenya
Maureen Kinyanjui  |  Jan 28, 2025

These saccos are said to have met the necessary regulatory requirements and are authorised to operate from January 1, 2025, to December 31, 2025.

Treasury slashes e-procurement funding by 82% despite Ruto's directive
Maureen Kinyanjui  |  Jan 17, 2025

This timeline stands in stark contrast to President Ruto's directive issued late last year, which called for the full automation of government procure...

Immigration department faces backlash over controversial foreign visitors’ insurance tender
Maureen Kinyanjui  |  Jan 16, 2025

The Public Procurement Regulatory Authority has weighed in on the matter, warning that the restricted tender violates several procurement laws.

Car dealers oppose new directive to get local marine cargo insurance for all imports
Lucy Mumbi  |  Jan 12, 2025

CIAK Chairman Peter Otieno argued that the directive contravenes international trade conventions and restricts importers’ freedom of choice.

Insurance withdrawals hit Sh13 billion as economic struggles among Kenyans deepen
Maureen Kinyanjui  |  Jan 11, 2025

The survey, published in December 2024, found that nearly half of insurance customers (44.1 per cent) skipped premium payments.

Government announces new strict measures on LPG refilling, licensing
Lucy Mumbi  |  Jan 03, 2025

The regulations follow a deadly gas explosion in February 2024 that claimed six lives and injured over 200 people.

Directline gives insurance regulator 24-hour ultimatum to remove 'illegal' directors
Joseph Ndunda  |  Dec 17, 2024

Directline had written to the IRA listing the directors including SK Macharia's wife as a shareholder.

Relief for Kenyans as fuel prices drop ahead of festive season
Maureen Kinyanjui  |  Dec 14, 2024

These new prices will remain in force for the next 30 days until January 14, 2025, when the next review will be done.

Sakaja’s foundation among over 2,800 non-compliant NGOs facing deregistration
Lucy Mumbi  |  Dec 06, 2024

They are required to submit annual financial reports and apply for re-registration under the new Act within three months of its commencement.

Gathungu flags Kenya Power for budget breach in Sh14 billion fuel tender
Maureen Kinyanjui  |  Nov 23, 2024

Kenya Power relies on millions of litres of fuel annually to run its off-grid power stations, which serve communities in remote areas not connected to...

Motorists left stranded as court disputes paralyse Directline Assurance
Maureen Kinyanjui  |  Nov 16, 2024

The legal battles surrounding Directline Assurance have placed a burden on motorists and the public transport sector. 

Regulator pleads for state intervention as G4S plans to sack 400 workers
Maureen Kinyanjui  |  Nov 13, 2024

The company cited a reduction in business and high operating costs as key reasons behind the decision.

Government Bill to boost local firms by limiting foreign competition in tender awards
Maureen Kinyanjui  |  Nov 11, 2024

The Bill proposes restrictions on foreign firms bidding for local contracts valued below Sh1 billion, reserving such projects exclusively for Kenyan b...

Energy CS cracks down on petrol stations selling fuel at inflated prices
Lucy Mumbi  |  Oct 17, 2024

Wandayi cautioned that retailers found charging more than the new prices will face consequences.

Tanzania suspends Mwananchi Communications’ online platforms for 30 days
Reuters  |  Oct 03, 2024

The suspension of the company comes as Tanzania's government faces flak over its treatment of the press.

EPRA closes 14 petrol stations in latest crackdown on adulterated fuel 
Maureen Kinyanjui  |  Sep 30, 2024

EPRA said the petrol stations had been flagged during a three-month crackdown that lasted between July and September 2024.

Regulatory authority forwards five NGO fraud cases to DCI, warns Kenyans against scams
Lucy Mumbi  |  Sep 04, 2024

The Authority has urged the public, business community, private sector, and donor community to be vigilant when engaging with non-governmental organis...

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