The National Hospital Insurance Fund (NHIF) in this picture taken on Tuesday, October 26, 2021. PHOTO | DENNIS ONSONGO | NMG
The National Hospital Insurance Fund (NHIF) is drafting regulations that will prescribe penalties for Kenyans aged 18 years and above who fail to register with the public insurer after the law made it compulsory.
Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG
Same-day trading of shares accounted for only 3.4 percent of total deals at the Nairobi bourse, reflecting investors’ apathy towards buying and selling securities multiple times in a single day
Four people, among them a former National Social Security Fund (NSSF) investment manager and officials of a collapsed stock brokerage firm, have been fined a total of Sh8.4 billion over the loss of Sh1.2 billion at the pensioners’ fund over a decade ago.
Land and house prices in Nairobi increased at the fastest pace in two and three years respectively, on the back of renewed demand from buyers who had slowed down acquisitions in 2020 amid Covid-19 economic hardships.
Two Co-operative Bank employees now risk jail or a fine of Sh200,000 for declining to allow a man access his late mother’s account.
A section of Kibra slums, Nairobi. [Elvis Ogina, Standard]
You do not need binoculars or a power presentation with graphs, diagrams and soundtracks to tell how life in the city has become expensive for some Nairobians.
Just keenly observe how Nairobians make purchasing decisions for services and goods. The most sought after option is usually the cheapest in the market.
It is a scene that plays out at most of the mini-bus stages outside Nyayo Stadium for public service vehicles plying Ongata Rongai route.
On any weekday, despite how fast the sun will be setting and the clouds threatening a downpour, only a handful of Nairobians will heed to the begging calls from drivers and conductors to aboard their vehicles whose fare is Sh100.
Almost every other person on the stage always has his or her head buried in their phones chatting or surfing the internet for nothing important. But once the lowest price is announced by another matatu - Sh50, it becomes a fight for survival as passengers struggle to board the matatu and save Sh50.
