Kenya’s largest telecommunications company, Safaricom Plc has acquired an insurance license ending a four year wait as part of its product diversification strategy. Peter Ndegwa, Safaricom’s chief executive officer (CEO) disclosed during the telco’s half year earnings call that it had secured the permit from the Insurance Regulatory Authority (IRA).”We have revamped our wealth proposition...
Trending
- Passengers stranded in Nairobi as airlines suspend flights to Somalia
- Trump freezes foreign development assistance leaving African deals in limbo
- CMC Motors exits East Africa on challenging economic environment
- Kenyan startup raises $4.5 million toward sustainable tourism
- World Bank suspends disbursements to Gabon on $27 million loan arrears
- Mozambique swears-in new president amid disputed polls
- Kenya, East Africa leads in startup funding received in 2024
- US President-elect Trump taps Kenya Dusit attack hero