Business & Economy3 stories
CIC Insurance Group has generated KShs 1.8 billion from the sale of two land parcels located near Tatu City and in Kajiado County. This strategic move aims to bolster the company's financial standing and liquidity. In other business news, Agridex International has partnered with Tradeflow Capital Management to launch a new digital payments and trade finance platform, Loam. The platform is aimed at supporting SMEs in Kenya and across Africa, particularly in the agricultural and commodity sectors. Meanwhile, Kenya's early oil pilot schemes exposed significant governance and revenue management weaknesses, prompting a stark warning from Controller of Budget Margaret Nyakang’o before full-scale crude exports commence.
