Sanlam Kenya Plc, a subsidiary of South Africa’s Sanlam Ltd, is taking decisive steps to stabilize its finances amid ongoing earnings challenges and shareholder concerns. The insurer plans to close its property, bottled water, and asset management businesses due to years of inactivity and sustained financial losses.
The bank’s digital transformation initiatives have greatly improved operational efficiency and customer engagement. Investments in digital banking infrastructure have streamlined processes, lowered costs, and enhanced service delivery.
By Q4 2024, Britam aims to finalize its strategic entry into the DRC market through the acquisition of a local insurer. This initiative is part of the company’s larger goal to establish a strong presence in 12 African countries by 2030.
Florence Nyokabi will focus on keeping Safaricom’s workforce agile and innovative as the company diversifies its services. She’ll be responsible for crafting strategies that boost employee engagement and drive productivity in a highly competitive market.
Since its founding in 1965, Britam Holdings Plc has become a major player in East Africa’s financial services sector. The company has expanded its presence in Uganda, Tanzania, Rwanda, South Sudan, and Mozambique in the past decade. Gross earned premiums surged from KSh 15 billion in 2014 to KSh 40 billion in 2023
Despite facing regulatory challenges and market competition, Safaricom’s resilience and agility have allowed it to seize emerging opportunities, particularly the swift adoption of digital services during the global pandemic.
Damaris Muriithi, founder of Dama Mobile Spares, rose from humble beginnings to become a leading figure in Kenya’s mobile spare
Standard Chartered Kenya to launch mobile microlending in Q2 2025, boosting financial inclusion with short-term digital loans. Standard Chartered Bank
Equity Group’s decision to hire top fraud busters following significant fraud incidents reflects a robust and proactive stance on enhancing security and protecting its assets
The impact of Russo’s leadership is evident in KCB’s financial performance. The bank reported a significant increase in net profit, reflecting improved efficiency and strategic growth. A strong capital base, enhanced asset quality, and rising shareholder value attest to KCB’s sound economic standing