Buoyed by years of robust GDP growth, a rising middle class, increased purchasing power and shifting consumer habits that have helped to drive the development of new shopping malls and e-commerce activities, Kenya’s retail market is poised for considerable expansion in the coming years. Although informal spaces and local chains remain the...
Kenya is introducing a number of regulatory changes to its insurance sector, including a move towards risk-based capital, increased capital requirements, new guidelines for short-term business and takaful rules.
The insurance business in Kenya is profitable, but it is not necessarily easy. Kenya represents one of Africa’s most well-developed and best-regulated insurance markets, with formidable historic growth and even better near-term prospects, but it is fragmented and competition is tough. There are increasing regulatory capital requirements on the...
Kenyans have a talent for making technologies and new ways of doing business work where other markets have failed. Bancassurance – or collaboration and integration between banks and insurance companies – has been tried in many African markets. In Kenya it is increasingly central to insurance and has already driven a few high-profile takeovers...
The ongoing push for industrial expansion, as highlighted by the government’s overarching Vision 2030 strategy, has resulted in a number of positive developments over the past year, particularly in the textiles, construction materials and food processing segments. Electricity availability and reliability have improved steadily over the past year as new renewable power plants have come on-line...
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