Afternoon business highlights- December 15, 2017

Afternoon business highlights- December 15, 2017

Insurance agents calls for appointment of IRA Commissioner General

Insurance agents are calling for the appointment of a substantive Commissioner General at the Insurance Regulatory Authority that is currently being led by Godfrey Kiptum in an acting capacity. BIMA Intermediaries Association of Kenya Chairman Washington Ndegea claims the acting commissioner is being held captive by cartels inside the industry record declines in the last one year. He says the current commissioners inability to clamp down on the cartels has seen insurance companies continue to operate without following the laid down rules of operations.

Kenya’s trade in agricultural exports hampered by pesticide residue

Kenya’s trade in agricultural exports is greatly hampered by perceived high pesticide residue in crops destined for key markets. Foreign Affairs Cabinet Secretary Ambassador Amina Mohamed says limited phytosanitary data has impelled export markets to set very low pesticide maximum residual limits in crops such as beans and peas thus denying developing countries revenue from exports. Kenya is a largely agro based economy in which the sector contributes an upward of 27 percent to the gross domestic product.

Sh39M case against Kisumu businessman fails to kick off

A case in which a businessman is facing criminal charges for issuing a bad cheque failed to kick off on Friday after the proprietor failed to show up. The court was told that the businessman had travelled and asked for the case to be adjourned to another date. The Kisumu based businessman, Hemar Kishor Kotecha through his lawyers indicated that he would like to have the matter settled out of court saying that he had already paid the plaintiff Ksh. 6 million shillings. Mr. Kotecha is accused alongside others of issuing bad cheques worth Ksh. 39,310,000 million shillings to Jumbo Commodities for an account held at GTB bank.


Previous Afternoon sports highlights- December 15, 2017
Next Evening news headlines- December 15, 2017

You might also like

Business 0 Comments

Nairobi residents brace for higher fares as petroleum transporters down their tools

Nairobi County residents may soon be forced to dig deeper into their pockets following an ongoing strike by petroleum transporters. The strike, which commenced yesterday morning, is said to be

Latest 0 Comments

Cytonn hits off plan sales for Sh6 billion development

Leading real estate developer Cytonn, has hit over 20 per cent off plan sales of phase one units during the launch of The Ridge, an Sh6 billion mixed use development

Latest 0 Comments

Nairobi leads Sub-Saharan Africa in terms of high-end shopping mall development

Nairobi has been named the leading country in Sub-Saharan Africa in terms of high-end shopping mall development. An analysis titlted the ‘2016 Shop Africa’ report states that the Two Rivers


No Comments Yet!

You can be first to comment this post!

Leave a Reply