Absa Bank Kenya has partnered with Old Mutual Group to offer a comprehensive insurance solution, Linda Biz, specifically designed for Small and Medium-Sized Enterprises (SMEs). This bundled insurance package provides SMEs with affordable access to extensive protection for business assets, risk mitigation, employee health coverage, and seamless business continuity. Linda Biz covers losses due to fire, political violence, riots, floods, business interruption, burglary, theft, and employee dishonesty. It also offers employee health coverage with various options, including inpatient care. Additionally, Linda Biz includes life insurance that pays a lump sum in case of death, disability, or critical illness. Both Absa…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
In an age where digital presence is as significant as physical existence, finding accurate information about individuals online has become crucial for both personal and professional reasons. CocoFinder emerges as a beacon for those in the quest to perform comprehensive people searches. This review will delve into the functionalities, features, and overall effectiveness of CocoFinder as a tool to search for real people. What is CocoFinder? CocoFinder is a sophisticated online platform designed to simplify the process of searching for information about individuals. It serves as a bridge connecting users to a plethora of public records, thereby making it easier…
The 2024 Nairobi City Marathon, originally scheduled for July 7th, has been postponed due to unforeseen circumstances beyond the organizers’ control. The new date for the third edition is September 8th, 2024. The official statement from the organisers cites “unavoidable, external circumstances” as the reason for the delay. This postponement coincides with ongoing protests in Kenya sparked by the Finance Bill 2024. The protests have led to the cancellation of other events, including the opening ceremony for the Global Peace Leadership Conference. “After widespread consultations, evaluation, and introspection, the Nairobi City Marathon, earlier scheduled for this Sunday, July 7, has…
NCBA Group PLC (NCBA) has completed its 100% acquisition of AIG Kenya Insurance Company Limited (AIG Kenya), solidifying its position in the East African financial services sector. The combined power of NCBA’s distribution network and AIG Kenya’s insurance capabilities unlocks opportunities to grow the insurance market in Kenya and East Africa. Transaction Details NCBA held a minority stake in AIG Kenya for over 18 years, recognizing its strong reputation and consistent revenue growth. The acquisition allows NCBA to tap into Kenya’s Ksh 309 billion insurance market, experiencing a 10% annual growth rate. John Gachora, NCBA Group Managing Director, says the…
Equity Group shareholders have approved the establishment of a banking holding company to consolidate the activities of its banking subsidiaries across its markets in East and Central Africa. The lender held its 20th Annual General Meeting with the shareholders voting in favour of all proposals by the board of directors. The Group operates banking subsidiaries in Kenya, Uganda, Tanzania, South Sudan, Rwanda and the Democratic Republic of Congo (DRC). Equity Group will now operate under four groups, the Banking Group, the Insurance Group, the Technology Group and the Foundation Group. Shareholders also gave the green light to establish a health…
Dadaab and Kakuma refugee camps in Kenya are undergoing a significant transformation. These camps will be redesigned into municipalities, fostering self-reliance among refugees and reducing their dependence on humanitarian aid. The initiative, formally adopted by the Kenyan government, respective county governments, and the UNHCR, aims to integrate refugees into local communities. The Shirika Plan, launching in November 2024, will transform the camps in Garissa and Turkana counties into modern urban centres with essential infrastructure like roads, water systems, and sanitation. Subsequently, refugees will become part of these municipalities, benefiting from improved infrastructure alongside host communities. Investments will include schools, healthcare…