
Insurers Burned, NSE Booms & Stanbic’s Sh13B Fuel Startup Bet — Kenya’s Economic Whirlwind
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Today’s Top Highlights:
🔥📉 Insurers Face Payout Surge After Protest Looting
One year after 2024’s deadly demonstrations, insurance firms are once again staring down billions in claims as riots return. Fire & property damage payouts more than doubled last year — and 2025 could get worse.
⚖️🏛️ Court Rescues Civil Servants' Club & Membership Perks
The High Court reverses Treasury’s decision to halt funding for professional subscriptions. From lawyers to engineers, public servants win big — with Justice Aburili calling the move “unconstitutional and consultatively flawed.”
🚀💰 Stanbic Bank Targets Sh13B to Fuel Kenyan Startups
Stanbic, in partnership with the Gates Foundation, plans to raise Sh12.9 billion to scale early-stage companies in agribusiness, edtech, health, and creative arts. Its Catalytic Fund promises “patient capital” where banks usually say no.
📈🌍 NSE Gains Sh21B Despite Street Protests
While the city burned, the market rallied. Safaricom stock surged to a Sh16B gain, fueling an overall Sh21B boost in NSE investor wealth. Foreign buyers returned strong, snatching up blue chips in the midst of political turmoil.
⚡🇰🇪 Kenya Overtakes Uganda in Energy Regulation Rankings
Thanks to reform-driven transparency at EPRA, Kenya now ranks 2nd in Africa (behind Senegal) for electricity regulation. Uganda, which led since 2018, has been dethroned as Kenya becomes the new energy reform poster child.
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📌 Source: Business Daily Africa