Jubilee Allianz General Insurance (Kenya) Limited has received a capital injection of Sh2.75 billion from its shareholders, enhancing its ability to meet the Insurance Regulatory Authority’s (IRA) capital adequacy requirements.

• This capital boost puts the company above the 100% capital adequacy threshold, ensuring compliance with regulatory standards.
• The insurer is a joint venture between Allianz Group and Jubilee Holdings, formed after Allianz acquired a 66% stake in Jubilee’s general insurance business.
• The increase in capital comes amid heightened regulatory scrutiny in the insurance sector, aimed at maintaining insurer resilience against economic volatility.

The Kenya Revenue Authority (KRA) has announced a one-day extension for filing tax returns, now due by midnight on July 1, after system downtime hindered many taxpayers' access to the iTax platform.

• The extension is a relief for thousands of Kenyans facing challenges due to a technical glitch.
• This announcement was made by the KRA.
• Under Kenyan law, all individuals are required to file tax returns by June 30, with penalties up to Sh2,000 or five percent of the tax due for late submissions.

BAT Kenya has achieved a **54 percent** reduction in Scope 1 and 2 emissions for 2024, surpassing its **2030** target of **50 percent** according to its recent Sustainability Report revealed at its **73rd Annual General Meeting**.

• Sh145 million was invested in solar energy, boosting on-site electricity generation to **1,400-kilowatt peak (KwP)**.
• Crispin Achola, Managing Director of BAT Kenya, highlighted the company’s dedication to sustainability and social initiatives.
• Over **98 percent** of contracted farmers grew alternative crops last year, and the company trains women in its farming community through the **Sh10 million** Rural Women’s Development Programme.