Tuesday, March 19, 2013

CIC Insurance Company to open branches in South Sudan and Uganda by the end of this year.

The Co-operative Insurance Company(CIC Insurance) is set to open its branches in South Sudan and Uganda by the end of this year.

According to the Company's Chief executive officer(CEO) Nelson Kuria the company will require a start capital of Ksh 500 million to establish a branch in South Sudan and Ksh 400 million for another one in Uganda.

Kuria also revealed that the Company has had approaches from other countries like Malawi and they are looking forward to expand their business to those country in the future.
CIC Insurance group C.E.O Nelson Kuria

Kuria said that there next stop after South Sudan and Uganda will be Tanzania.

Kuria further called on Kenyans to recognise the Insurance industry as an integral part in poverty aleviation.


President Elect Uhuru Kenyatta and his deputy William Ruto sharing a note.
President Elect Uhuru Kenyatta has called on his main rivals from the CORD coalition led by their leader Raila Odinga to tone down and stop politicising the election petition.

Uhuru said that this move is likely to incite Kenyans and interfere with peace in the country.

Speaking at the Port of Mombasa while on a familiarization tour of the Port, Uhuru who was accompanied by his deputy William Ruto and other leaders in the Jubillee coalition  appealed to  his rivals to  wait for the outcome of the court petition adding that he is ready for any outcome.

Uhuru said "There is a petition in court so lets wait for the outcome instead of going round politicking and inciting the people since this will not help"

"Kenyans are now tired with politics, they want to go back to their daily businesses and life and continue building this nation" he added.

Uhuru also took the opportunity to assure residents Mombasa and Kenyans in general that his government will not privatize the port but instead ensure that there is efficiency at the port.

Uhuru charged "We know that this port is our resource and the Jubille government has no any intentions of privatizing it, what we want to do is to just make sure that there is efficiency in this port"

Uhuru noted that ineffiency at the port is likely to affect the Country's economic growth.

Others leader present were Najib Balala, Ali Makwere, Amos Kimunya and Mike Sonko.