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HomeDaily NewsTuesday, April 14, 2026Trident Insurance clients to receive compensation payouts after collapse - April 2026
Business & Economy3 stories from 2 sources

Trident Insurance clients to receive compensation payouts after collapse - April 2026

The Policyholders Compensation Fund began paying out compensation to clients of Trident Insurance Company Limited following its collapse, providing relief to hundreds of customers affected by the insurer's failure. SIC Investment Co-operative is facing crippling losses of up to Sh2 billion due to years of mismanagement and fraudulent practices, leaving thousands of members and customers facing significant financial distress. The Nairobi Securities Exchange admitted Fincredit SEZ Limited into its Ibuka Programme, an incubator platform aimed at helping small and medium-sized enterprises scale and prepare for listing on the stock exchange.

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Tuesday 1:54 PMCapital Business

Trident Insurance clients to receive compensation payouts after collapse

Trident Insurance clients to receive compensation payouts after collapse

The Policyholders Compensation Fund (PCF) has begun paying out compensation to clients of Trident Insurance Company Limited following its collapse. This action aims to provide relief to hundreds of customers affected by the insurer's failure.

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Key Highlights

The Policyholders Compensation Fund (PCF) has begun paying out compensation to clients of Trident Insurance Company Limited following its collapse. This action aims to provide relief to hundreds of customers affected by the insurer's failure.

  • Compensation payouts are capped at Sh500,000 per claim.
  • The Policyholders Compensation Fund (PCF), a state corporation under the National Treasury, is facilitating the payments.
  • Affected claimants have a two-year window, starting April 14, 2026, to submit their claims via the PCF online portal.
Tuesday 5:00 PMCapital Business

NSE admits Fincredit into Ibuka growth program

NSE admits Fincredit into Ibuka growth program

The Nairobi Securities Exchange (NSE) has admitted Fincredit SEZ Limited into its Ibuka Programme, an incubator platform aimed at helping small and medium-sized enterprises scale and prepare for listing on the stock exchange.

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Key Highlights

The Nairobi Securities Exchange (NSE) has admitted Fincredit SEZ Limited into its Ibuka Programme, an incubator platform aimed at helping small and medium-sized enterprises scale and prepare for listing on the stock exchange.

  • Fincredit SEZ Limited, formerly AAR Credit Services Ltd, is a credit-only microfinance institution operating in Kenya, Uganda, and Liberia.
  • This admission will provide Fincredit access to capital markets and strategic guidance for sustainable growth and potential capital raising through the NSE.
  • The Ibuka Programme, launched in 2018, consists of an Incubator Board for evaluation and an Accelerator Board for capital raising advisory.
Tuesday 12:11 PMNation BusinessFirst

How SIC Investment Co-operative was crippled

How SIC Investment Co-operative was crippled

SIC Investment Co-operative is facing crippling losses of up to Sh2 billion due to years of mismanagement and fraudulent practices. This has left thousands of members and customers facing significant financial distress.

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Key Highlights

SIC Investment Co-operative is facing crippling losses of up to Sh2 billion due to years of mismanagement and fraudulent practices. This has left thousands of members and customers facing significant financial distress.

  • Sh2 billion in losses have been incurred by SIC Investment Co-operative.
  • The crisis stems from mismanagement, including the purchase of non-existent or unsellable land parcels and inflated asset values.
  • Approximately 5,000 members and hundreds of customers are affected by the co-operative's financial woes.
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