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…
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Billionaire Baloobhai Co-op stake nears Muriuki with additional Sh213m shares
the additional 15.25 million shares are currently valued at Sh212.8 million, going by Co-op’s share price of Sh13.95 at the opening of trading at the Nairobi Securities Exchange…
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…
Banks eye cheaper loan rates to boost credit uptake
Commercial banks are now calling for further cuts in the base lending rate as they eye reduced cost of credit to stimulate lending to the private sector and take pressure off…
