Athi River Mining says new clinker plant to boost profit margins Athi River Mining (ARM) Cement expects profitability to improve now that it produces its own clinker for its East African cement plants, the firm’s managing director has said. ARM Cement, East Africa’s second biggest producer…
Kenya Re profit hits Sh3bn on new business growth Kenya Reinsurance registered a 12.4 per cent growth in net profit on the back of an increase in net premiums and higher investment income. Kenya Re’s profit stood at Sh3.1 billion in the year ended December 31, 2014 while its net earned…
Kenyan coffee prices drop at auction The price of Kenyan coffee has dropped in recent sales, losing 22 per cent of its value in a month following improved harvests among major producers Brazil and Colombia. At the Nairobi Coffee Exchange (NCE), the price of 50 kilograms has dropped from a…
There are currently 45 registered insurance firms and all of them are stationed in Nairobi. The Kenya Government has now made plans to set up insurance agencies across all the 47 Counties.
33% of registered insurance companies are at risk of getting shut down because they have failed to meet a specified set of requirements. What does this mean for you?
The Insurance Regulatory Authority has called on religious leaders to help create public awareness with regard to the industry. The IRA believes that their move will improve the living standards of the community.