The Central Bank of Kenya (CBK) has failed in its attempt to prevent the payment of a contested Sh122.4 million debt stemming from office modernization contracts initiated almost two decades ago.

• The debt is owed to furniture maker Zadock Furniture Systems and contractor Maridadi Building Contractors.
• The CBK argued the claims were settled and sought to avoid double payment, but the court found their challenge was filed too late.
• The court recognized an arbitral award issued in favor of the contractors as binding and enforceable, paving the way for payment collection.

Jubilee Holdings is expanding its retail offerings across East Africa, targeting previously underserved customer segments to drive future growth.

• The insurer aims to reach gig economy workers, SMEs, women, and the diaspora.
• This strategy follows an 18 percent increase in net profit to Sh5.6 billion in 2025.
• Jubilee Holdings, a regional insurer operating in Kenya, Uganda, Tanzania, Burundi, and Mauritius, is increasing investment in digital platforms.

The High Court has ruled that credit notes and assessor reports are sufficient proof of loss, a decision that will significantly aid insurance companies seeking compensation for damages.

• The court overturned a Small Claims Court decision that had awarded only Sh2,900 instead of the claimed Sh499,488 to Huruma Maternity & Nursing Home.
• Key organizations involved include the High Court, Small Claims Court, and Huruma Maternity & Nursing Home.
• This ruling eases the burden for insurers and claimants who previously struggled to produce bank statements or receipts for payments settled through credit arrangements.