Page 2 - Patrick Nyaga News Today

CIC Group has today announced that it has a launched a medical product specifically for cooperatives in Kenya, named CoopCare.

CIC Group is eyeing the captive sacco market with a new cover rolled out exclusively for the movement members.

CIC Insurance Group’s net profit rose by 45 percent to Sh376.4 million in the half year to June, driven by growth in premiums.

The service will operate 24 hours a day, 7 days a week to support any customer with a motor comprehensive cover. Customers who have experienced a motor accident will employ the service by sending an emergency response team to the scene of the accident.

The government spokesperson cited Covid-19 as the main reason farmers are having challenges in producing enough raw materials for the manufacturing sector.

Inadequate raw materials and high cost of labour and electricity are some of the factors slowing down revival of the once vibrant textile firm.

The shortage of raw materials to run Rivatex has handed producers in the East African Community (EAC) a major windfall.

Emilio Mugo was among the KFS senior managers who were sent on compulsory leave in 2018.

Co-op Bank chief executive Gideon Muriuki bought an additional 6.1 million shares in CIC Insurance Group in the year ended December.

The insurer, which has secured the credit facility using a 200-acre parcel of land it owns in Kiambu County, said it will resume its triannual interest payments in October this year.