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Insurers struggle to meet IFRS 17 deadlines amid system and data gaps
Business

Insurers struggle to meet IFRS 17 deadlines amid system and data gaps

The Association of Kenya Insurers (AKI) says the standard requires insurers to provide highly detailed reporting, which many companies are ill-equipped to handle. According to the latest AKI report, historical records were inconsistent, missing, or dispersed across legacy IT systems incapable of supporting the new accounting requirements.

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Government falls short of buyer targets for affordable housing programme
News

Government falls short of buyer targets for affordable housing programme

Data from the State Department for Housing and Urban Development shows that only 292,326 Kenyans had signed up on Boma Yangu by the end of June, far below the government’s target of 565,800. This reflects a lukewarm response to President William Ruto’s flagship housing project, intended to provide affordable homes across the country.

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An internet cable. PHOTO/The Hindu Business Line.
News

Kenyan web domains hit record 115,653 in September

According to the latest quarterly statistics, the tally rose from 111,313 recorded three months earlier. This added 4,340 new registrations, representing a 3.9 percent increase. The authority noted that the upward trend has been consistent since 2018, when the registry stood at 85,744, before rising to 101,123 in 2020 during the widespread shift to online platforms brought on by Covid-19 restrictions.

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