(Nairobi, Kenya) – Gross premium income for Kenya’s life insurance sector surged by 36.3 percent in the first quarter of 2026, driven mainly by a sharp increase in retirement savings channelled through private schemes from the National Social Security Fund. Data from the Insurance Regulatory Authority shows the industry collectedContinue Reading
(NAIROBI, KENYA) – A single shareholder now controls a 17.48 percent stake in Middle East Bank Kenya, regulatory filings show, placing the investor at the centre of strategic decisions at the Nairobi based lender. The holding makes the individual the largest investor in a bank originally founded by a DubaiContinue Reading
(NAIROBI, Kenya) – The High Court has rejected a bid to suspend three directors of the Kenya Electricity Transmission Company (Ketraco), ruling that the nation’s new law for government owned enterprises does not apply to the utility firm. The court stated that Ketraco is not named under the Government-Owned EnterprisesContinue Reading
(HAVANA, Cuba) – Namibia and Cuba have begun talks on moving their longstanding political alliance into a new phase focused on economic independence, as Prime Minister Elijah Ngurare started a six day official visit to Havana. The visit runs from 6 to 11 August and includes plans for expanded cooperationContinue Reading
(LAGOS, Nigeria) – South African commercial interests in Nigeria worth an estimated N20.43 trillion face growing uncertainty as calls for economic retaliation mount over renewed xenophobic attacks on Nigerians living in South Africa. The valuation, drawn from publicly available market capitalisation figures, asset disclosures and property portfolio estimates, covers SouthContinue Reading
(NAIROBI, Kenya) – Reported insurance fraud cases in Kenya rose 48.6% in the first quarter of 2026, driven mainly by internal theft and organised schemes rather than document forgery on the street. Data from the Insurance Regulatory Authority show the Insurance Fraud Investigation Unit recorded 52 cases between January andContinue Reading
(MURMANSK, RUSSIA) – Russia has received its first seaborne shipment of AI-92 petrol from Morocco, according to two industry sources who spoke to Reuters on Friday. A Panama flagged tanker loaded the fuel at the Moroccan port of Tangier in mid July and is now discharging the cargo at theContinue Reading
(KYIV, UKRAINE) – Ukraine and Algeria are working to expand agricultural trade cooperation, with discussions focused on wheat supplies, dairy exports and possible access for Ukrainian meat products to the Algerian market. The talks were held between Ukraine’s Minister of Agrarian Policy and Food Taras Vysotskyi and Algeria’s Ambassador toContinue Reading
(NAIROBI, KENYA) – Nixon Azariah Ochieng’ Ooko, co-founder of Kenya’s first budget airline Fly540, died on 15 July 2026 in South Africa at the age of 76 following an illness. His death brings renewed focus on the rise and fall of a carrier that pioneered low cost flying in EastContinue Reading
(NAROBI, KENYA) – Kenya is developing new labour rules that would require major artificial intelligence companies, including OpenAI and Meta, to meet minimum pay standards and provide mental healthcare for local workers. The proposed policy from the ICT Ministry aims to establish protection guidelines for content moderators and data annotators,Continue Reading
