Business & Economy2 stories

Retail and Insurance Sector Challenges

Uchumi Supermarket faces liquidation; IRA highlights insurance penetration for sector growth.

📰 Coverage & Analysis

Uchumi Supermarket faces liquidation as recovery plan struggles

Analysis: The once-thriving Kenyan retailer Uchumi Supermarket is facing potential liquidation amidst struggles in its recovery plan, primarily due to financial and legal challenges.

Capital Business•1mo ago

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Insurance penetration key to sector growth, IRA says

Analysis: The Insurance Regulatory Authority (IRA) urges the insurance industry in Kenya to reduce reliance on compulsory products and increase focus on voluntary insurance to enhance sector growth, as highlighted by CEO Godfrey Kiptum during a recent bancassurance event.