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Summary Underwriters through their umbrella body, Association of Kenya Insurers (AKI) have said the team is a critical element in the business as they contribute towards an estimated 40 per cent of premiums. And in as much as technology will be an enabler of convenient service, not all insurance products can be sold from end to end including claims processing online. Some products such as medical insurance still require human contact. Given this, the role of the insurance sales agent.....

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Summary Moody’s says the Sh9.1 trillion funding gap is among the major limitations of realising the full impact of a free-trade area in Africa. The ratings agency however adds that the regional pact which aims to create a single African market for goods and services, could boost intra-regional trade, which remains far lower than in developing Asian countries. A massive gap in trade finance amounting to $90 billion (Sh9.1 trillion) is among the major limitations of realising the fu.....

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  Summary The Nielsen Consumer Confidence and Spending Intentions survey found that customer confidence dropped six per cent to 94 per cent in the last quarter of 2017, the lowest level recorded since the first study was conducted in 2013. The survey found that people’s sentiments around personal finances and job prospects also dropped six per cent each to stand at 58 per cent and 42 per cent respectively in the last quarter of 2017. Kenya also recorded a drastic drop in immediat.....

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Summary The Central Bank Rate (CBR) has, however, been used as the benchmark in pricing bank customer loans since the rate cap law came into effect in August 2016. Cutting the rate may, therefore, discourage banks further from lending, given that they have already rationed credit saying they are unable to price in risk on loans. The growth in private sector credit stood at just 2.4 per cent in December 2017. The risk of further contracting the growth of private sector credit is likely.....