Insurers encounter rise in fraud as they adopt technology
Insurance firms are facing increased incidences of fraud on the back of adopting technology in their business, exposing them to a mismatch between risks and premiums charged. The…
Corporate
Customers to reveal purpose of large cash transfers
Banks in Kenya will start monitoring instant large cash transfers following changes that will make it compulsory for customers to disclose the purpose of the transfer. The lenders…
Battle for EAC transit cargo heats up with Adani’s entry at Dar es Salaam Port
East Africa’s main ports of Mombasa and Dar es Salaam have renewed their ravalry in the battle for the region’s market, with Tanzania giving Kenya a run for its money in…
