Travellers warned of cholera outbreak in Nairobi

Travellers warned of cholera outbreak in Nairobi

Travellers warned of cholera outbreak in Nairobi

At least 14 people have died in the past few weeks and more than 400 new cases have been reported since the outbreak was first publicly reported in Nairobi. However, the World Health Organisation (WHO) is not suggesting cancelling plans to travel to the country. Instead it is warning travellers to be careful. The British government, for example, has not…

New move to protect intellectual property rights in Kenya

New move to protect intellectual property rights in Kenya

New move to protect intellectual property rights in Kenya

The Kenya Association of Manufacturers (KAM) has launched an East African Community Intellectual Property Rights (IPR) Regime Study, which aims to enhance regional protection of IPRs, as a contributor to achieving the industrialisation agenda. At the launch, State Department of Industry principal secretary, Patrick Nduati, stressed that clear policies and strategies play a key role in driving industrialisation, job creation…

Kenyan election finely balanced

Kenyan election finely balanced

Kenyan election finely balanced

Kenya goes to the polls on 8 August in an election that is too close to call between sitting President Uhuru Kenyatta and former Prime Minister Raila Odinga, stoking fears that there may be violence if the result is not clear cut. Reports are emerging of myriad disruptions and the criticisms of both parties are ramping up as the European…

Opportunities for insurers threatened by fraud

Opportunities for insurers threatened by fraud

Opportunities for insurers threatened by fraud

Steve Mbogo reports from the Africa Bancassurance & Alternative Distribution Conference and the 7th Annual Africa Insurance & Reinsurance Conference, both held in Nairobi, last month Insurance companies in the east Africa region are a favourite for fraudsters because of their failure to share data, a mistake that may be costing them wastage of up to 20% of gross revenue.…

Challenges growing ahead of Kenya elections

Challenges growing ahead of Kenya elections

Challenges growing ahead of Kenya elections

Kenya’s opposition has successfully challenged the contract to print ballot papers for the upcoming 8 August elections, after Kenya’s High Court on Friday cancelled the contract for a Dubai-based firm to print the papers. The opposition had argued the firm is linked to President Uhuru Kenyatta, so the contract process had been unfair. The three-judge panel said the claim of…

Blockchain technology creates first multinational insurance ‘smart contract’

Blockchain technology creates first multinational insurance ‘smart contract’

Blockchain technology creates first multinational insurance ‘smart contract’

The first so-called ‘smart contract’-based multinational insurance policy using blockchain technology has been successfully piloted by AIG, IBM and Standard Chartered Bank. The three companies specifically chose multinational insurance coverage, a particularly complex area of commercial insurance, to better understand blockchain’s potential to reduce friction and increase trust in other areas of the insurance value chain. AIG said the blockchain…

Unrest incidents in Kenya up as elections approach

Unrest incidents in Kenya up as elections approach

Unrest incidents in Kenya up as elections approach

New figures from Control Risks suggest unrest across Kenya has risen as the election process gets underway. It has recorded more than 192 incidents related to the upcoming August general elections in Kenya, since 6 April 2017. Control Risks said: “The majority of these occurred during the April party primary elections in closely contested areas in the Rift Valley region,…

Business boost through new Kenya repayment system

Business boost through new Kenya repayment system

Business boost through new Kenya repayment system

Businesses have received a boost in opportunities to reach Kenyan farmers, thanks to the success of a new loan repayment system. Agricultural not-for-profit organisation One Acre Fund has teamed up with Citi Inclusive Finance to digitise loan repayments, driving efficiencies and reducing fraud. A case study from UN-based Better Than Cash Alliance said the pairing had “significantly boosted transparency and…

High prices costly for Kenya insurers

High prices costly for Kenya insurers

High prices costly for Kenya insurers

An insurance insider in Kenya says the cost of insurance services is too high, making it unaffordable for many people who therefore prefer unsustainable methods of insurance like fundraising to manage disasters. The chairman of Bima Intermediaries Association of Kenya, Washington Degea, has also blamed the Insurance Regulatory Authority (IRA) for doing little to make premiums affordable. “The premiums are…

Kenya grows hospital insurance covers

Kenya grows hospital insurance covers

Kenya grows hospital insurance covers

Overall membership of Kenya’s National Hospital Insurance Fund (NHIF) grew by 16.5% to 6.1 million in 2015/16, a pointer to the increasing awareness and growing need for primary medical cover. Most of the members are however from the formal sector, which is a statutory requirement, meaning the more venerable informal sector is paying for its medical insurance out of pocket.…

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