Wednesday, August 26, 2026
elitecraft
Home News Page 12

News

    News category. Breaking, Business and High Profile News.

    Latest
    “In addition, the Group experienced elevated claims during the period, which reflects normal volatility within the insurance cycle and remains within expectations,” it added. CIC attributed its stronger 2024 performance to a Sh1 billion gain from the revaluation of its Kiambu land property. The Group also earned Sh1.8 billion from the sale of two parcels of land near Tatu City and in Kajiado County. The properties included a 50-acre block neighbouring Tatu City and a 100-acre parcel in Kajiado. Despite the disposals, the insurer and its subsidiaries still hold substantial land investments, including 200 acres near Tatu City and 495 acres in Kajiado. “The Board remains confident in the Group’s long-term strategy, capital strength, and ability to deliver sustainable value to shareholders as we implement our 2026 to 2030 strategic plan,” the statement added.
    News

    CIC profit expected to dip 25pc to Kes2.14bn

    -
    0
    IC Insurance Group has issued a profit warning, projecting a 25 percent decline in net profit to Sh2.14 billion for the full...
    The blueprint, presented by Kenya Airports Authority (KAA) to the Kenya Aviation Workers Union (KAWU), also proposes construction of a new runway by 2029 and expansion of airfield capacity to handle up to 63 aircraft movements per hour, up from the current 14. Officials say passenger numbers have been rising by roughly one million annually, meaning existing facilities could become insufficient within the next three years if upgrades are not undertaken. Beyond terminal development, the Master Plan outlines phased infrastructure investments, including landside upgrades to improve access, circulation and operational efficiency. The expansion will be carried out in stages to minimize disruption, with existing terminals rehabilitated and optimized during the transition. Authorities argue the modernization is critical to maintaining JKIA’s position as a regional aviation hub, boosting cargo and passenger traffic, and supporting airport-linked businesses. However, financing, execution timelines and coordination with stakeholders will be key to delivering the project without operational setbacks.
    News

    JKIA masterplan targets 15 million passenger capacity, new runway

    -
    0
    omo Kenyatta International Airport (JKIA) is set for a major capacity expansion under a new Integrated Master Plan that aims to raise...
    “This recognition reinforces our belief that progress should be shared. We continue to work every day to build financial tools that open doors, support families and businesses, and ensure that no one is left behind.” Over the last decade, Tala says it has served more than 13 million customers across three continents and disbursed over $7 billion in credit. In December last year, the company also launched on-chain lending in partnership with Huma and Solana. The fintech firm expanded further into Latin America and India in 2025, with plans to enter two additional markets—Dominican Republic and Vietnam—this year.
    News

    Forbes names Tala among hottest fintechs in 2026

    -
    0
    Mobile lender Tala has been named one of the hottest fintech companies in 2026 in the 11th Annual Forbes Fintech 50 list.
    News

    Stima Sacco launches insurance brokerage subsidiary

    -
    0
    Stima DT Savings and Credit Cooperative Society Limited (Stima Sacco) has launched a fully fledged insurance subsidiary, Mpawa Insurance Brokerage, marking its...
    News

    Africa’s storage moment

    -
    0
    Why end-to-end solutions are shaping the next phase of renewable growthRelyEZ has positioned its Africa strategy around an end-to-end approach to energy...
    13 artisans travelled to Nairobi to showcase their products at Bizarre Bazaar Global Village, one of Kenya’s largest open-air markets for art, fashion and design. The artisans, from both refugee and host communities in Turkana, made 102,000 Kenyan shillings in sales over just two days. ‘It was more than just a market – it was a space to learn, connect and dream bigger,’ said Rodgers Mugaragu, a refugee artisan attending the event for the first time. With more than 100 vendors from across the country and beyond, Biz Baz is a vibrant platform for small producers to display their work and explore new business opportunities. ‘With ITC’s support, I’ve attended Biz Baz twice. The first time, I learned about product quality and value addition,’ said Josephine Alogogita Lobur from the Lodwar host community. ‘Since then, I’ve improved my designs to meet market standards. This year, I connected with new clients, exchanged ideas with other artisans, and gained inspiration to keep growing my business.’ Beyond immediate sales, the experience has strengthened participants’ confidence to run their own enterprises, paving the way for greater financial independence and long-term self-reliance. The group also visited ITC’s Ethical Fashion Initiative (EFI) centre in Nairobi to learn how local artisans collaborate with EFI to produce high-quality, market-ready goods. Opportunities like these help artisans gain exposure to national buyers and new markets, strengthening small businesses and generating income. Increased opportunities also mean better cohesion between refugees and host communities.
    News

    Nature, Carbon and Climate Are Becoming Core Investment Themes – with...

    -
    0
    Climate change, biodiversity loss and ecosystem degradation are no longer just environmental challenges; they are now central to how investors assess resilience...
    News

    ABH: Meet ABH 2025 Grand Prize Winner, Koolboks on Making Refrigeration...

    -
    0
    KOOLBOKS’ JOURNEY TO BUILD RESILIENT COLD-CHAIN INFRASTRUCTURE ACROSS AFRICA
    News

    SBM Bancassurance:Beyond Banking

    -
    0
    By Amos wachira By George Marenya What if the biggest barrier to...
    News

    The Frontier Disconnect: Energy Events Industry Must Hire and Promote Africans

    -
    0
    The Frontier Disconnect: Energy Events Industry Must Hire and Promote AfricansIf energy events claim to shape Africa’s future, then they must be...
    News

    A NEW LAYER OF PRIVACY FIVE YEARS IN THE MAKING

    -
    0
    A new front line for privacy to keep your moments truly yours Our phones are our most personal space,...
    1...111213...131Page 12 of 131
    - Advertisement -

    LATEST NEWS

    MUST READ

    Load more
    Ad

    EDITOR PICKS

    POPULAR POSTS

    POPULAR CATEGORY

    © 2026. All Rights Reserved. Designed by Elite Craft Limited.