Mauritian insurer to acquire Kenyan insurance firms in Ksh.3B investment

By Kepha Muiruri,

Mauritius United Assurance (MUA) has set its sights on Kenyan insurers in a fresh Ksh.3 billion (USD 30 million) investment. The new facility follo...

acquisitions , Kenya's insurance sector , Mauritius United Assurance , Phoenix Group

UAP Holdings cuts off high-risk accounts in de-risking strategy

By Kepha Muiruri,

UAP Holdings has began cutting off high risk accounts from its business portfolio, after the cost of compensation weighed hard on the group’s profit...

Peter Mwangi , UAP Holdings

UAP Holdings posts Sh1.2bn profit on cost cutting drive

By Kepha Muiruri,

UAP Holdings held off a tough operating environment to record a Sh1.2 billion net profit for the 2017 financial year, a 46.5 percent increase in profi...

financial services , INSURANCE , investment , investment income , nse , Peter Mwangi , premiums , UAP Holdings , UAP Old Mutual

FEP eyes insurance business in UAP Old Mutual deal

By Sophie Kinoti,

Investment firm FEP Holdings has ventured into insurance brokerage in a move aimed at diversifying its income. FEP has partnered with UAP Old Mutua...

FEP Credit Services , FEP Insurance Agency , INSURANCE , insurance penetration , Maurice Korir , UAP Old Mutual Group

KEBS releases names of suspended water bottling firms

By Maureen Murimi,

The Kenya Bureau of Standards (KEBS) has released the names of the suspended licenses of 368 water bottling firms for failing to meet standard guideli...

KEBS , kenya , water

Kenya Railways Gets New Managing Director

By Citizen,

Maina emerged the best candidate out of the eleven shortlisted candidates from a list of over 100 applicants. Maina succeeds Nduva Muli who was ap...