Category: Business Daily

The government plans to double the maximum compensation to policyholders of collapsed insurance companies to Sh500,000 per claim in a move to shield customers from losses.

The National Financial Inclusion Strategy (NFIS) for 2025-28, which has been prepared by key State players in the financial sector, including the Insurance Regulatory Authority (IRA) and Central Bank of Kenya, says raising the ceiling from the current Sh250,000 will help promote stability.

Employees of the Kenya Industrial Property Industry (Kipi) have been barred from registering or revoking trademarks, patents, and industrial designs without the express approval of the agency’s board of directors.

The Ministry of Investments, Trade, and Industry said it had been notified that staff of Kipi are processing and registering trademarks, patents, and industrial designs without involving the board or its technical committee.

‘Every artist was first an amateur.’ – Ralph Waldo Emerson

We love to celebrate creativity when it shines on a stage or hangs in a gallery, but rarely do we speak of the nights when it had to pay the rent.

A fresh court battle has erupted between artistes, the Kenya Copyright Board (Kecobo), and the Music Copyright Society of Kenya (MCSK), over alleged mismanagement of funds collected from music and art consumers in the form of royalties.

Central to the ongoing dispute initiated by musicians Justus Ngemu and Saul Esikuri is the alleged loss of Sh56 million at MCSK. This amount had allegedly been received as royalties for artistes and musicians.

The windfall returns of 2024 from Treasury bills, government bonds, and money market funds appears to have ended. With yields drifting lower, investors are being forced to rethink how they position their portfolios.

Naomi Atera, a corporate finance analyst at Rock Advisors, says this means leaning into riskier asset classes, particularly equities listed on the Nairobi Securities Exchange.

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The value of bonds traded at the Nairobi securities Exchange (NSE) grew 73.5 percent to Sh2.03 trillion in the nine months to September, highlighting increased participation in the segment by retail investors.

This marks the first time that the turnover in bonds has touched the Sh2 trillion mark in a calendar year, with the market now surpassing the 2024 full year trades total of Sh1.54 trillion, which was a record annual total for the segment.

The Employment and Labour Relations Court has faulted Consolidated Bank of Kenya for the unfair dismissal of one of its business development officers over allegations of improper loan approvals totalling Sh102 million.

Justice Monica Mbaru stated that it was improper for the bank to hold Emmanuel Wambua responsible for a non-verified asset used to secure the debt, noting further inconsistencies in the lender’s actions.

Early last month, Karen Thaba, a digital marketer, was approached by an agency to apply for a social media role and content creator. After she shared, the agency wrote back asking for a full social media strategy plus a two-week content creator calendar in 36 hours for a specific brand as an assignment.

“I checked the brand they requested I make the content for and noticed they could be their client,” she recalls.

A judge has reprimanded Kenya Power for repeatedly violating a former employee’s rights by subjecting her to repeated temporary three-month job contracts for eight years.

Employment and Labour Relations Court Judge James Rika said offering short-term contracts to employees for prolonged periods is casualisation of labour, which deprives workers of job security and terminal benefits due to permanent and pensionable employees.

Family Bank of Kenya has called an extraordinary general meeting of its shareholders to seek their approval to list on the Nairobi Securities Exchange (NSE).

The medium sized bank, which has flirted with public listing for over a decade, will be listing by way of introduction, meaning it does not plan to sell new shares but will be giving shareholders a trading platform to make their stocks more liquid.