Business Redefined: KDIC chief speaks out on increase of amount insured

In this edition, we speak to Mohamud Ahmed Mohamud, the Kenya Deposit Insurance Corporation (KDIC) Chief Executive Officer.
We are speaking about two issues: First, the increase of the amount insured from Sh100,000 to
Sh500,000, what to form of this and what is the outlook going forward. The second issue being dealt with is the transition of Kenya from a flat rate premium model to a risk-based premium model.