Business & Economy4 stories from 2 sources
The Sacco Societies Regulatory Authority (Sasra) is seeking a new CEO following recent Sacco collapses that caused significant financial losses for savers. SanlamAllianz Kenya has introduced a new income drawdown fund allowing retirees with substantial savings to access regular income while their remaining funds continue to grow. CIC Insurance Group has issued a profit warning projecting a 25% drop in net profit to Sh2.14bn for the year ending December 31, 2025. Kenyan farmers are increasingly turning to family and friends for loans, surpassing traditional financial institutions in providing credit, highlighting a growing reliance on informal lending networks.
Kenyan farmers are increasingly turning to family and friends for loans, surpassing traditional financial institutions in providing credit. This shift highlights a growing reliance on informal lending networks to access agricultural finance.
Summary & Analysis
CIC Insurance Group has issued a profit warning, projecting a significant drop in net profit for the full year ending December 31, 2025.
Summary & Analysis
SanlamAllianz Kenya has introduced a new income drawdown fund allowing retirees with substantial savings to access regular income while their remaining funds continue to grow.
Summary & Analysis
Amidst recent Sacco collapses and significant financial losses for savers, the Sacco Societies Regulatory Authority (Sasra) is actively seeking a new Chief Executive Officer.
Summary & Analysis
