The Policyholders Compensation Fund (PCF) has commenced compensation payments to policyholders and claimants of Policyholders Compensation Fund linked to Trident Insurance Company Limited following the insurer’s placement under statutory management. In a public notice issued by the Fund, the State corporation announced that compensation payments officially began on April 14, 2026, under provisions of the
The Auditor-General, Nancy Gathungu, has flagged the National Treasury over the alleged diversion of Ksh 30 billion from Eurobond proceeds to cover domestic Treasury Bond shortfalls, a move she says breached the terms of the sovereign bond agreement and raised concerns over fiscal accountability. “The utilisation of the sovereign bond proceeds to cover the Treasury
Kenya is facing mounting financial pressure after the World Bank delayed the release of a Ksh 96.9 billion ($750 million) budget support loan, citing pending reforms that the government must complete before the funds can be disbursed. The delay comes at a time when the government is grappling with a Ksh 1.22 trillion budget deficit,
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