Kenya’s medical insurers blame ill-equipped hospitals for losses

Kenya’s medical insurers blame ill-equipped hospitals for losses

Kenya’s medical insurers blame ill-equipped hospitals for losses

Medical insurance firms in Kenya are blaming the rising number of poorly equipped hospitals using unregistered staff, for increased claims that have sunk more than half of the insurers into losses. The largest health insurer in Kenya, Jubilee Insurance, said many registered institutions are not hiring approved doctors, leading to higher costs and the increased likelihood of a wrong diagnosis…

Corporates targeted by environmental protests

Corporates targeted by environmental protests

Corporates targeted by environmental protests

Greenpeace Africa activists and volunteers delivered a #PlasticMonster partly covered with Nestlé-branded plastic packaging back to its source: the Nestlé factory servicing Kenya and other east African countries. The activists called on the multinational corporation to end its reliance on single-use plastic. They also held protests at Nestlé offices in the Philippines, Germany and other countries as part of a global…

Kenya attack: lesson in risk management

Kenya attack: lesson in risk management

Kenya attack: lesson in risk management

With some people trapped inside the Dusit complex in Nairobi for some 30 hours after terrorists attacked last Tuesday, killing 21, further lives were saved by having security plans and practising them. The address at 14 Riverside was home to a Thai-owned hotel as well as a number of office blocks, housing international companies. These included risk consultancy Control Risks.…

Kenyan tourism industry likely to suffer in wake of Dusit terror attack

Kenyan tourism industry likely to suffer in wake of Dusit terror attack

Kenyan tourism industry likely to suffer in wake of Dusit terror attack

International investors may well be re-assessing their Kenyan portfolios in the wake of the Al-Shabaab attack on the Dusit hotel complex in Nairobi last week. Some 21 people were killed by the terrorists, in what was the latest of a string of attacks across Kenya. However, Patricia Rodrigues, an analyst with Control Risks who was in the complex when the…

Travellers warned to be on alert as Nairobi siege ends

Travellers warned to be on alert as Nairobi siege ends

Travellers warned to be on alert as Nairobi siege ends

Several Nairobi establishments popular with Westerners are reported to have closed for security reasons, after al-Shabab gunmen stormed into the Westelands Dusit complex, killing 14 people. Kenya’s President Uhuru Kenyatta said all the gunmen behind the Nairobi hotel complex attack have been killed and the 19-hour hostage crisis is over. Some 14 civilians died in the attack, however more than 700 civilians…

Continental Re celebrates ten years in Kenya

Continental Re celebrates ten years in Kenya

Continental Re celebrates ten years in Kenya

Pan-African reinsurance company Continental Reinsurance has marked its ten-year anniversary in Kenya by calling on industry stakeholders to work together to increase insurance penetration on the continent. Dr Femi Oyetunji, group managing director, Continental Reinsurance, said: “We should not focus on competing as industry stakeholders but complementing each other and building a better insurance market. By building partnerships, relationships and…

Kenya set for economic growth

Kenya set for economic growth

Kenya set for economic growth

Kenya’s real gross domestic product (GDP) growth is projected to rise to 5.7% in 2018 – up from 4.9% in 2017 – and continue to increase steadily to 5.8% in 2019 and 6.0% in 2020, according to the World Bank. In its 18th Kenya Economic Update, the bank attributes the rebound to a recovery in agriculture, steady pickup in industrial activity and…

$907m lost by Kenyan government through mis-invoicing

$907m lost by Kenyan government through mis-invoicing

$907m lost by Kenyan government through mis-invoicing

Analysis of trade mis-invoicing in Kenya in 2013 shows that the potential loss of revenue to the government was $907m for the year. The figures come from a report by Global Financial Integrity (GFI), which says to put this figure (the most recent available) in context, this amount represents 8% of total annual government revenue as reported to the International…

Major training scheme for Kenyan farmers from Nestlé expands

Major training scheme for Kenyan farmers from Nestlé expands

Major training scheme for Kenyan farmers from Nestlé expands

Food and beverage company Nestlé is to expand its training scheme for Kenyan farmers after successfully reaching more than 40,000 coffee producers. The support to farmers is geared towards increasing the productivity and quality of the coffee beans as well as encouraging more women and youth to participate in farming of the crop. Through its global Nescafé Plan programme, which…

International speakers lining up for Nairobi

International speakers lining up for Nairobi

International speakers lining up for Nairobi

Mikir Shah, CEO of Axa Africa, will be among a growing list of international speakers taking part in our upcoming Risk Frontiers East Africa seminar. To be held in Nairobi next week at the Southern Sun Mayfair Nairobi, the conference will cover political risks, the insurance gap, the skills gap and other key themes. Mr Shah will be taking part…

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