Tag: Business

NewsLeave a comment

To thrive, digital transformation must take precedence in the insurance industry

Kimani Chege

By Fred Ruoro In Kenya, as in many parts of the world, the insurance sector is fundamentally revered as a   provider of financial security and stability to individuals and businesses alike. However, despite its importance, the industry has often been perceived as a slow adopter of new technologies in favour of its  traditional modus operandi. To truly expand and thrive in the post pandemic era, it is imperative that the Kenyan insurance industry embraces digital transformation and innovation in line with evolving consumer patterns. According to the 2023 Economic Survey by Kenya National Bureau of Statistics, Kenya’s insurance penetration rate … Continue reading To thrive, digital transformation must take precedence in the insurance industry

UncategorizedLeave a comment

Absa Bank Kenya’s Timiza platform records 35.7% year on year growth

Kimani Chege

Absa Bank Kenya’s Mobile Banking Wallet, Timiza recorded a 35.7% Year-on-Year growth in loan disbursements to KES 14.8 billion during the first nine months of this year up from KES 10.9 billion in the prior year. According to data provided by the bank, loans advanced through Timiza during the third quarter of this year alone grew by 47% to KES 2.134 billion, up from KES 1.454 billion recorded during the same period last year. Since its inception in 2018, Timiza has advanced over KES 65 billion in loans. During the third quarter of this year, Absa Bank Kenya’s loan book … Continue reading Absa Bank Kenya’s Timiza platform records 35.7% year on year growth

BusinessLeave a comment

East African Community Partner States Hosts High Level Oil & Gas Stakeholder Forum

Kimani Chege

East African Community partner states have today gathered in Nairobi for a high-level stakeholder Oil and Gas forum ahead of East African Petroleum and Exhibition Conference 2019 that will be held in May 2019. Leaders from across the region and international sector players held dialogue on oil and gas investment opportunities by demonstrating status on the development of sector. Kenya’s State Department for Petroleum, under the Ministry of Petroleum and Mining exuded confidence on the level and intensity of commercial energy use as a key indicator of economic growth and development in the region. In Kenya for example, The Petroleum … Continue reading East African Community Partner States Hosts High Level Oil & Gas Stakeholder Forum