According to Wikipedia, regulation means the management of complex systems according to a set of rules and trends. Industry regulations aim at bringing order by laying down a set of rules to be followed by all, rules aimed at harmonizing all the players together without favoring one over the other. 

There has been a lot of concern why the insurance industry in Kenya is not growing, and in fact has been declining over the years—a situation that has led the government to come up with a National Draft Policy aimed at filling in the gaps and strengthening the sector. A situational analysis in the draft policy identifies various gaps and challenges the industry faces. These include limited access to insurance, low levels of insurance awareness and financial literacy, poor public perception and lack of trust in the industry, poor management of policies and claims processes, limited products, fraud, low usage …

I love football. And I love clever, secure, creative, impactful investment. The fact that most of what we find, and I personally invest in, has a meaningful and measurable impact on those who need a hand-up, and not a hand-out, is a constant source of joy to me.  

Having followed football and my English team for more than 45 years I have been saddened to see the adverse effect that money has had on football – and the detrimental effect that money has had on the beautiful game at the lower levels and in leagues outside of Europe. But it is the huge amount of money that now washes through football that is offering me the chance to help to create soccer academies in East Africa – allowing young and talented African footballers to transform their lives and the lives of their families and communities; and investors to make very …

Growing competitiveness, a roller coaster of fuel prices, labor unions, and especially the phenomenon of low-cost carriers have made it all the more difficult to reach positive earnings pretty much in every route.

With a number of countries sporting continental distances, Africa has been an exciting promise for air carriers, but not without its challenges. Poor infrastructure and the high cost of maintenance and logistics have plagued the development of an effective air grid in the continent. Nevertheless, a great opportunity remains.

At the beginning of the last decade, South African Airways was a dominant force, carrying some 9 million passengers yearly while Kenya Airways and Ethiopian Airlines combined were just shy of 6 million yearly passengers. However, poor management choices combined with borderline irresponsible behavior from …

On 1^st of April, as I was publishing my Uniconization of African Fintech piece[1], Mastercard was busy announcing their $100 million investment into Airtel Money (Airtel Africa’s mobile money subsidiary) to acquire a minority position – half what TPG Capital did[2]. Even though I had gotten wind of the transaction knowing that Mastercard was already in bed with Airtel Money[3] – some part of me thought of it as an April fools joke…. On the 12^th of April 2021, Mobile Telecom Network (MTN) announced the valuation of their mobile money business at $5 billion making it the 7^th African fintech unicorn with plans to bring in minority shareholders before going public[4]. Given that Visa is already in bed with MPESA (Vodacom and Safaricom’s mobile money business)[5], it is a matter of time before Visa also invests. The unicornization …

Cash in lieu in insurance means where the insurance company exercises the option of giving you cash for repair of your car instead of them having it repaired for you. There are a number of ways an insurance company can settle a motor insurance claim: by having your car repaired, or by giving you compensation in case of total loss or giving you cash for repairs. Insurance companies are technically liable for poor car repairs should you suffer injuries as a result. 

Thus for an insurance company to remove themselves from the latter kind of situation they should just be liable for the cost of repairs and not arranging for repairs. That is different in Kenya and elsewhere where insurance companies arrange for the cost of repair in a bid to save a few shillings. An insurance company can opt for …

For over a century, Kenya and the United Kingdom have enjoyed strong ties hinged on trust, enhanced cooperation and mutual benefit across key sectors, among them trade, tourism, security, health and education. 

The UK views Kenya as a strategic partner due to her wealth of agricultural materials, booming services sector and for being a gateway to other markets in the East African community. It has therefore over the decades invested in growing Kenya to become the region’s economic powerhouse. Indeed UK remains one of the largest foreign investors in Kenya with a portfolio approximated at £2.7 billion. More than 200 British companies have set up shop in Kenya opening up the country to increased employment opportunities and economic growth. 

Kenya on the other hand has found a key export market in the UK for its products, among them tea, coffee, flowers and other horticultural produce. For millions of  farmers …