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Insurance crisis: Fire, floods and the growing fight for billions in payouts

Nairobi, Sept. 15 -- After a blending silo collapsed at Mombasa Cement's plant on August 1, 2011, the firm lodged a compensation claim for Sh1.64 billion with its underwriter, Kenindia Insurance, whic... Read More


Kenya fuel jitters as two key Gulf supply routes hit

Nairobi, Sept. 14 -- Kenya faces a bleak petroleum supply outlook after an escalated Middle East conflict triggered the shutdown of a key pipeline in Saudi Arabia that had served as an alternative rou... Read More


Study backs smartphone-linked brain tests for epilepsy

Nairobi, Sept. 14 -- A portable brain test that uses a smartphone to send results to specialists could help patients suspected of having epilepsy access specialised testing closer to home, reducing th... Read More


Hustler Fund taps bank, Sacco data for bigger loans

Nairobi, Sept. 14 -- President William Ruto administration plans to use borrowing and repayment behaviour records to determine who qualifies for higher Hustler Fund limits, a move aimed at converting ... Read More


Bank investors face dividend squeeze in CBK capital plan

Nairobi, Sept. 14 -- Big banks face a reduced headroom for paying hefty dividends to investors as the Central Bank of Kenya (CBK) pushes for enhanced core capital, which is used to absorb unexpected f... Read More


The plants costing Sh100,000 and why Kenyans are rushing to buy them

Nairobi, Sept. 14 -- Would you spend Sh144,000 on three trees? Last Friday, someone did at Planty Kenya, a small shop in Lavington, Nairobi. Three European olive trees, each at ShSh48,000, left the sh... Read More


CMA warns against investments in 15 illegal funds

Nairobi, Sept. 13 -- The Capital Markets Authority (CMA) has warned against investments in 15 funds illegally operating in Kenya, including the popular Global Investment Group (GIG) and Quant Vest Sto... Read More


9 in 10 counties breach salary expenditure law

Nairobi, Sept. 13 -- Homa Bay and Taita Taveta counties spent an equivalent of 63 percent of their revenues on salaries, topping a list of 42 devolved units that breached the law on salary payments in... Read More


Strait of Hormuz troubles put Kenya on fresh price alert

Nairobi, Sept. 13 -- Kenya faces fresh pressure on fuel prices, transport costs and industrial supplies after shipping traffic through the Strait of Hormuz fell to single digits, raising fears of deep... Read More


'Market walls' fall as corporates bow to antitrust rules

Nairobi, Sept. 13 -- A widening liberal market environment is providing a boon for businesses in Kenya, helping them to lower capital and operational cost pressure. In the latest development, East Af... Read More