Kenya’s insurance industry recorded a 16.8 per cent net profit growth to Sh11.1 billion in the year ended December, according to statistics from the Insurance Regulatory Authority (IRA).
Kenya has finally launched a government bond to be traded exclusively on a mobile handset, another first in financial technology that broadens opportunities for small investors.
The Kenyan Government will finally launch the M-Akiba Mobile retail bond – nearly two years after postponing the project several times.
The Central Bank of Kenya (CBK) announces its intention to finalize the processing of licence applications for two institutions that had already been granted an “approval in principle”, as a first step to lifting the moratorium on licensing of new commercial banks. Both institutions were granted “approval in principle” by CBK before the moratorium was declared on November 17, 2015.
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