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Insurer MUA Kenya to get extra capital after Sh1.6bn hole

Nairobi, July 16 -- Mauritius-based insurer MUA Limited is weighing recapitalisation of its Kenyan subsidiary following the uncovering of Sh1.6 billion hidden liabilities through a forensic audit that... Read More


Moving beyond reactive dispute resolution system

Nairobi, July 16 -- Conflict is an inevitable feature of complex organisations, particularly in high-pressure, high-expectation working environments. Rather than defaulting to litigation, which may ha... Read More


Stanbic taps Safaricom's top strategy executive as CEO

Nairobi, July 16 -- Stanbic Bank Kenya has appointed a Safaricom executive, Michael Mutiga, as its chief executive, handing leadership of the lender to a banker credited with driving corporate strateg... Read More


State tightens gambling advertising rules with double-layer approvals

Nairobi, July 16 -- Betting firms will be subject to a double-layer approval of gambling advertisements under new rules aimed at promoting responsible gaming and protecting minors. New regulations de... Read More


Insurers' NSE portfolio climbs to four-year high amid rally

Nairobi, July 16 -- Insurance and reinsurance firms have increased the share of their investments at the Nairobi Securities Exchange (NSE) to a four-year high of 3 percent, riding on a sustained equit... Read More


Airtel loses fight against Safaricom's 10 cents tariff

Nairobi, July 16 -- Airtel lodged a complaint with the competition watchdog over Safaricom charging voice calls for as low as 10 cents a minute, underlining the rivalry between Kenya's top two telecom... Read More


South Africa's Absa Group ready to buy more Absa shares in open market

Nairobi, July 15 -- South Africa's Absa Group says it is ready to buy additional shares of Absa Bank Kenya in the open market beyond its current purchase of 895.9 million shares in the subsidiary thro... Read More


Court freezes Multiple Hauliers insolvency row in Sh532m debt claim

Nairobi, July 15 -- The High Court in Nairobi has halted proceedings in the insolvency dispute involving logistics firm Multiple Hauliers (EA) Ltd, ruling that a Court of Appeal stay order applies to ... Read More


Complaints about digital lenders jump five times

Nairobi, July 15 -- Complaints to the competition watchdog about digital lenders' hidden charges, change of borrowing terms and premature assets seizure amid tighter regulations aimed at curbing preda... Read More


Nairobi set to be Africa's largest megacity by 2050

Nairobi, July 15 -- Nairobi is set to become Africa's largest metropolitan area by 2050, overtaking megacities such as Cairo and Lagos, amid a surge in urbanisation, putting pressure on the capital's ... Read More