The insurance market in Kenya | Business Redefined

Insurance penetration in Kenya remains very low at 3.0% according to the Insurance Regulatory Authority. What informs such abysmal uptake in a market where formal financial inclusion is one of the highest among emerging & frontier markets globally? How can we stir up interest in Kenyans willingness to take on safety nets to cushion them when risks materialize? Also, how is the transition from IFRS4 to IFRS17 impacting the insurance sector? We sat down with the Managing Director of First Assurance, Stephen Lokonyo, to unpack this & a lot more
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Episodes
Stanbic Bank's 2024 Sustainability Report The 3rd Edition of @StanbicKE's Sustainability Report comes on the back of the launch of a roadmap towards mandatory Integrated Reporting in line with IFRS S1 & S2. We engage the bank's CEO, Dr. Joshua Oigara, on a raft of issues including:
  1. The new standards & their implication for the market from a comparability perspective
  2. The bank's portfolio of sustainability linked lending & plans for scaling
  3. The bank's green finance capital raising plans & what this means for onward lending
 July 2, 2025
Kenya's Retail Banking Landscape | Business Redefined We move away, temporarily, from public finance & switch to banking. We speak to Stanbic Bank KE's Head of Personal & Private Banking, Abraham Ongenge, on the retail banking landscape in the country.
  1. To play scale or niche?
  2. How does one navigate credit risk?
  3. What about angling for a market that already has strong legacy players?
  4. Product development in a digital savvy space
 June 24, 2025
Tax and Revenue Outlook 2025/26 | Business Redefined For more on the outcome of the Finance Bill 2025 National Assembly Finance & Planning Committee report & the 2025/26 tax & revenue outlook, catch the conversation with Robert Waruiru - Managing Partner, ICHIBAN Tax and Business Advisory June 21, 2025
Unpacking Kshs 4.239 Trillion Budget 2025 | Business Redefined Promises to be a heavy one on the public finance front:
  1. National Treasury CS, John Mbadi, should be in the National Assembly for the 2025/26 Kes 4.239 trillion Budget
  2. National Assembly Finance & Planning Committee is expected to table its report on Finance Bill 2025
  3. There's indication that we might see Supplementary Budget III 2024/25 tabled in the National Assembly
We break it all down with Churchill Ogutu - Economist, IC Group June 21, 2025
Tariff Wars and Kenya's Logistics | Business Redefined A new are of Trump triggered tariff wars & Kenya's logistics ecosystem. On the discussion:
  • Are we anticipating supply side disruptions & how well prepared are we?
  • What would supply side disruptions look like from an end consumer standpoint?
  • Regional competitiveness on logistics as peer economies expand & modernise their infrastructure
 June 21, 2025
Budget Summit 2025 | Business Redefined A panel conversation on Finance Bill 2025 & Budget Estimates 2025/26. Tobias Alando - CEO, KAM, Edna Gitachu - Co-Convener, ICPAK public finance committee, Fred Kimotho - Associate Director, Deloitte, Rashid Khalani - CEO, Aga Khan University Hospital June 21, 2025
Africa's Taxation Landscape | Business Redefined A look at the taxation landscape across Africa. On the agenda:
  1. Sweeping tax reforms underway in Nigeria
  2. Social pushback on a proposed Value Added Tax increase in South Africa
  3. Kenya's Finance Bill '25 after Finance Bill '24 triggered protests
  4. Everyone wants to widen the tax base but the path to it seems elusive
 June 21, 2025
The State of Tax Collections | Business Redefined A conversation with KRA's Commissioner for Large & Medium Tax Payers, Rispah Simiyu, on the state of tax collections. On the discussion:
  • H1 2024/25 tax revenue outturn & implications for  fiscal space constraints
  • The Tax Laws (Amendment) Act '24, Tax Procedures (Amendment) Act '24, Business Laws (Amendment) Act '24 & the downward revision of the targeted yield
  • Migration of ledger balances from the Legacy System to iTax & the sticky issues around it
  • eTIMS, Reverse Invoicing & the elusive hard to tax sectors
  • Rental Income Tax collection & what eRITS seeks to accomplish
 June 21, 2025
Leasing in Africa | Business Redefined A conversation with RentCo Africa on leasing & the opportunities it presents across both private & public sectors. On the agenda:
  • Adverse macros & the growing pursuit for more flexible lease terms
  • Shariah compliant leasing & what its growing uptake means for the economy
  • Sustainability & why green leasing is catching momentum in Kenya & beyond
  • AI in Leasing: More efficiencies in market scoping & greater precision in client targeting
  June 21, 2025