SBM Bank CEO Bhartesh Shah presents a token of appreciation to Rupa’s Mall Director Ravi Shah.(jenipher wachie, standard). SBM Bank Kenya has launched the Bancassurance Subsidiary aiming to deliver a wide assortment of solutions, from personal covers, business insurance, specialty covers and employee benefit covers consolidated within a fast, simple banking environment. Speaking on Wednesday during the launch event in Nairobi, SBM Bank Kenya CEO Bhartesh Shah said the aim with SBM Bancassurance Intermediary is to transform how Kenyans view and access insurance. “We identified an urgent need to demystify insurance products and eliminate tedious procedures.” Shah said Bhartesh said the launch…
Author: By Teresia Karanja
Turaco Insurance Group Director of Business Development Cedric Todwell during a previous event. [File, Standard] Technology-driven microinsurance provider Turaco has signed a partnership deal with ASA International aimed at easing access to the African market. The partnership deal was crowned by the launch of an enhanced credit life insurance designed to provide uninterrupted protection against credit, life, and health-related risks for their clients across the African region. The partnership is expected to significantly contribute to raising insurance penetration in Africa from the current 2 per cent to double digits, while also advancing key Sustainable Development Goals, reducing poverty, improving healthcare…
Busia Senator Okiya Omtatah at the Bunge Towers, Nairobi on July 29, 2024 [Elvis Ogina, Standard] Busia Senator Okiya Omtatah has sharply criticised President William Ruto, accusing him of favoring force over the rule of law and undermining constitutional governance. Speaking on NTV on Thursday, a day after taking part in the youth-led protests, Omtatah commended the resolve of protesters who turned out in large numbers on Wednesday, demanding accountability, justice, and reform. Omtatah warned that the Ruto administration is acting in ways that sideline the Constitution while serving the interests of political elites at the expense of ordinary citizens. “When President…
Kenya Power Lighting Company Chairperson Joy Brenda Mdivo with Lake Turkana Wind Power officials the launch of 2024 Sustainability Report on June 12, 2025. [David Gichuru, Standard] The Lake Turkana Wind Power spent Sh2.6 billion on taxes in the year 2024. A report released last week indicates that the wind farm spent Sh167 billion on fuel import displacement. According to the 2024 sustainability report dubbed ‘Beyond Turbines: Impacting Kenya, Empowering People’, the farm spent some Sh117 billion on energy cost savings. The Lake Turkana Wind Power project is located in Loiyangalani District, Marsabit County. It comprises of 365 wind turbines,…