Kenya’s largest telecommunications company, Safaricom Plc has acquired an insurance license ending a four year wait as part of its product diversification strategy. Peter Ndegwa, Safaricom’s chief executive officer (CEO) disclosed during the telco’s half year earnings call that it had secured the permit from the Insurance Regulatory Authority (IRA).”We have revamped our wealth proposition…...
Trending
- Has a new path for water financing in Africa opened in N’Djamena?
- Diaspora: In Ghana, a Pan-African Youth Parliament to Influence Democracy
- GIM-UEMOA: Ahmed Al Moustapha Cissé appointed interim CEO
- Gabon: SAMB’A Assurances launches micro-insurance dedicated to agricultural operators
- Africa50 mobilizes $20 million from BII and signs multiple infrastructure agreements in Tanzania
- Mauritania: Revised Budget for 2026 at 140.3 Billion MRU, Equivalent to 3.5 Billion Dollars
- Guinea-FMI: preliminary agreement on a $425 million program
- Botswana: Continental Reinsurance launches a public offer of 156 million USD before its IPO
Safaricom acquires insurance license after four year wait
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com