NCBA Group has finalized the full acquisition of AIG Kenya Insurance Company, further expanding its grip on Kenya's insurance sector.
The lender is tapping into a sizeable insurance industry in Kenya valued at Sh309 billion and which continues to grow at a Compound Annual Growth Rate of 10 percent. "With insurance increasingly becoming a basic financial need for our customers, an ecosystem of NCBA's physical and digital distribution platforms and AIG Kenya's insurance capabilities will unlock opportunities to catalyze deeper insurance market penetration in Kenya and the East Africa region."
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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Kenya: What Kenya's Finance Bill Rejection MeansThis week, Kenya's President William Ruto rejected the signing of the Finance Bill 2024, which aimed to raise taxes to fund government operations. This decision came after deadly protests as Kenyans took to the streets to oppose the proposals. Below is an explanation by the National Assembly on what the president's decision means.
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Kenya: U.S. Senator Chris Coons Warns Kenya Against Violence Amid Finance Bill ProtestsUnited States Senator Chris Coons has voiced concerns over the violence witnessed during the anti-Finance Bill protests held on Tuesday.
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Kenya: Security Forces Patrol Kenya's Capital After Anti-Finance Bill Protesters Shot DeadSoldiers and police were deployed Wednesday on the streets of Kenya's capital, a day after protesters stormed the country's parliament as part of demonstrations against tax increases.
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