Kenya : Insurance regulator shuts down 70 firms, citing lack of permits
Stung by rising incidents of fraud, the Insurance Regulatory Authority (IRA) has ordered 70 firms in the sector to halt operations immediately.
Stung by rising incidents of fraud, the Insurance Regulatory Authority (IRA) has ordered 70 firms in the sector to halt operations immediately.
The volume of cash moved through mobile money transfer platforms grew by a fifth last year to hit a new record as Kenyans increasingly turned to the service to pay for goods and services beyond peer transfers.
(Ecofin Agency) - According to data released by the Central Bank of Kenya on February 19, remittances in 2015 have hit a record of $1.54 billion for about 3 million Kenyans, thus rising 8.4% from the results in 2014.
Kenya is dominating East African property developments because of its stability and investment opportunities, Africa Property News.com has learned.