Author: Khusoko

Directline Assurance is facing a crisis as it is on the verge of collapse due to overwhelming outstanding claims. According to reports released by the regulator, Insurance Regulatory Authority (IRA), Directline recorded the highest number of outstanding liability claims in 2022. The company recorded 22,074, 21,295, 20,402 and 19,116 liability claims outstanding in the 4th, 3rd, 2nd and 1st Quarters respectively.  This means that the company consistently recorded a significant increase in liability claims throughout the year leaving the company grappling with the formidable task of managing a deluge of claims that threaten its financial stability. Many policyholders have been…

Lady Donli, the acclaimed Nigerian artist known for her soulful sound and authentic storytelling, is set to release her latest single, “My Ability.” This is a powerful anthem that resonates with anyone who has ever felt underestimated or undervalued. This captivating track is the first official single off Lady Donli’s highly anticipated sophomore album, “Pan African Rockstar,” scheduled to be released in August 2023. “My Ability” is more than just a song; it is Lady Donli’s personal response to the challenges she has faced as a woman in a world that often questions her abilities and worth. Drawing from her…

Whether you’re just starting your financial journey or looking to improve your money management skills, understanding the basics of savings is a crucial step. In this article, we will guide you through the fundamental principles of savings, providing practical tips to help you get started on your path to financial success. Set Clear Goals Before you embark on your savings journey, it’s essential to establish clear financial goals. Define your short-term, mid-term, and long-term goals. Having specific objectives in mind will motivate you to save more consistently. Track Your Income and Expenses To effectively save money, you need to understand…

Small businesses often face numerous challenges when securing financing for growth and operational needs. Traditional lending practices often demand extensive collateral and rigid criteria, making it difficult for small businesses to access the required capital. Unsecured loans provide a unique flexibility level often lacking in traditional financing options. Small businesses can obtain these loans without having to pledge assets or provide collateral. This accessibility levels the playing field, allowing entrepreneurs with limited resources or new ventures to access much-needed capital. Unlike traditional loan applications that involve extensive paperwork and lengthy approval processes, unsecured loans offer a streamlined and expedited process.…

Land is a highly sought-after commodity that requires thorough due diligence to ensure that it is legally acquired and the purchaser obtains a valid title. Owning land in Kenya is said to be one of the safest investment decisions one can make. The land ownership process can be very easy as long as proper verification of documents and due diligence is conducted. Aside from due diligence, one of the critical steps in obtaining land legally is conveyancing, which is the process of transferring property from one legal owner to another. The following documents are required during the land purchase process:…

Former Treasury Principal Secretary Kamau Thugge has officially taken over as the tenth Governor of the Central Bank of Kenya. He succeeds Dr Patrick Njoroge whose second four-year term ended in June. “The Central Bank of Kenya (CBK) welcomes Dr. Kamau Thugge E.B.S., M.B.S., C.B.S., as its tenth Governor. This follows his appointment by His Excellency President William Samoei Ruto, PhD., C.G.H. Dr. Thugge has taken office today (Monday),” CBK said in a statement. Thugge will be deputised by Susan Koech, a banker and formerly the principal secretary for tourism and wildlife. Dr. Thugge has had a long and distinguished…