Business & Economy3 stories from 1 sources
Collapsed cement manufacturer ARM Cement Limited is set to wind up its operations due to mounting debt and unresolved tax liabilities, as confirmed by its joint administrators. At the same time, Standard Chartered Bank Kenya Limited announced the resignation of its Chief Financial Officer and Executive Director, Chemutai Murgor, effective May 31, 2026, concluding a significant tenure with the bank. Additionally, the Insurance Regulatory Authority identified Directline, Trident Insurance, and AMACO as the general insurers facing the highest number of customer complaints in Kenya during the third quarter of 2025. These three stories collectively highlight financial and corporate sector challenges in Kenya, including business collapse, executive departures, and regulatory issues.
Standard Chartered Bank Kenya Limited has announced the resignation of its Chief Financial Officer and Executive Director, Chemutai Murgor. Her departure is set to take effect on May 31, 2026, concluding a significant tenure with the bank.
Summary & Analysis
The Insurance Regulatory Authority (IRA) has identified Directline, Trident Insurance, and AMACO as the general insurers facing the highest number of customer complaints in Kenya during the third quarter of 2025.
Summary & Analysis
