Holding enormous untapped potential, Kenya’s insurance industry has expanded rapidly over the past 10 years, with both the life and non-life segments showing consistent double-digit growth as the nation’s rising middle class becomes increasingly aware of the benefits insurance entails. Although the sector is still dominated by the short-term motor segment, rapid uptake...
Insurance activities in Kenya have seen rapid expansion over the past decade, with the sector consistently witnessing double-digit growth. This is expected to continue on the back of overall economic expansion, a burgeoning middle class, untapped potential within the life insurance segment and new opportunities for project insurance. While hampered by low penetration and...
As Islamic financial products become increasingly popular in Kenya’s financial landscape, sharia-compliant agricultural insurance offerings are poised to make a significant impact on food security in the country.
Kenya’s sole takaful provider has witnessed strong growth since its inception in 2011, setting a precedent for future expansion. Islamic...
Equity Bank, founded in 1984 as a building society, is currently the largest bank in Africa by customer numbers with 8.4m clients. The bank is 24.5% owned by Helios Investment Partners Holdings, and it has a strong regional presence, operating in Kenya, Uganda, Rwanda and Tanzania. Equity Bank...
Kenya Airways (KQ) is the largest airline in East Africa by seat capacity, and the fourth largest in Africa behind market leaders South African Airways, Ethiopian Airlines and EgyptAir. It is currently managed through a public-private partnership with the government of Kenya holding 29.8%,...
Kenya Power is a monopoly player in Kenya’s energy sector. Its core business activities include the transmission, distribution and retail of electricity purchased in bulk from Kenya Electricity Generating Company (KenGen, 70%) and independent power producers (IPPs, 30%). The company is...
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