Kamuu Nyingi

THE IMPACT OF HIGH PUBLIC DEBT ON INSURANCE INDUSTRY INVESTMENT STRATEGY

Economics, Insurance / August 20, 2021 August 21, 2021

Public debt can be defined as the total sum of money owed by the national government to its creditors. Public debt is either domestic, external (foreign) or guaranteed. Domestic and external debt refers to financing obtained locally and internationally respectively while guaranteed debt is security offered by the Government to lenders should a counterparty default …

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THE NEGATIVE IMPACT OF VAT ON INSURANCE AGENCY AND BROKERAGE COMMISSION

Insurance, Tax / August 20, 2021 August 21, 2021

Paragraph 10 of part II of the First Schedule of the Value Added Tax 2013 (http://kenyalaw.org) had exempted Insurance Agencies, insurance brokerage, stock exchange brokerage and tea and coffee brokerage services from VAT. This was meant to spur economic activity in sectors that had witnessed slow growth over the years. For example, by exempting VAT …

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COVID-19 AND THE EVOLUTION OF RISK

Economics, Insurance / August 19, 2021 August 21, 2021

On March 11, 2020, The World Health Organization(https://www.who.int/) declared SARS-CoV-2, the virus that caused the Covid-19 outbreak, a global pandemic. Needless to say that this was an official acknowledgment of the reality that most nations were already aware of. Suddenly the world came to a sudden stop; businesses were faced with a new reality as …

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