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Ngumi Appointed Chair, Alternative Circle Limited

    November 07, 2017   No comments
John Ngumi appointed new Chair Alternative Circle
John Ngumi

John Ngumi was appointed Monday as the new Chairman of the Alternative Circle Limited board.


John Ngumi has over 35 years corporate & investment banking experience, and
has recently retired from the Standard Bank Group in East Africa, where he
served as the Director of Investment Banking Coverage Division for East
Africa.



During his career, John worked variously for Barclays Bank, Citibank,
Grindlays Bank, National Westminster Bank and Standard Bank Group. He also
co-founded Loita Capital Partners Group, one of Africa's first locally
owned independent investment banks.



John has been at the forefront of the development of financial markets
product & services, and of the accompanying regulatory frameworks, in Kenya
and East Africa. He was also critical in the most significant debt and
equity transactions.



John has also served on the Boards of critical Government entities. Mr.
Ngumi is currently the Chairman of Kenya Pipeline Company Ltd. since July
2015. He previously served as Chairman of Konza Technopolis Development
Authority until July 17, 2015. He was also a non- executive Director at ARM
Cement Limited in 2016. He holds Bachelor of Arts (1st Class Honours in
Philosophy, Politics and Economics) from St. Peter's College, University of
Oxford, UK.


HF Group Targets The Aged With New Medical Cover

    November 03, 2017   No comments
HF group



The new medical cover, Afyamed, takes age limit to 75 years -

HF Group through its subsidiary HF Insurance Agency (HFIA) has partnered with BRITAM to introduce a medical cover, Afyamed, which has an age limit of 75 years.

"Most players in the medical insurance sector have capped their eligibility age to 60 years or lower thus leaving many older persons without medical cover. We have expanded this limit to cover clients as old as 75 years," said HFIA Head of Business Development, Francis Kinyanjui.


"As people age, they become more vulnerable to a number health conditions which they are forced to cater for out-of-pocket resulting in financial strain."  Mr. Kinyanjui added.

HFIA customers will be able to access medical cover for as low as Kshs 20,000 annually for outpatient. The policy offers a minimum cover limit of Kshs 200,000 and a maximum limit of Kshs 5 million for inpatient cover.

Unlike most covers that require a mandatory medical evaluation prior to admission, Afyamed has waived this requirement making it convenient for consumers.

"Besides a waived admission criterion, Afyamed covers pre-existing, chronic conditions, HIV/AIDs, cancer and organ transplant costs up to specified limits," Mr. Kinyanjui said.

Afyamed is accessible in Kenya, South Sudan and Rwanda. The cover also caters for treatment in India or South Africa for ailments whose treatment is not available locally through a scheduled flight on reimbursement.

Kinyanjui said the company is exploring the option of delivering the product through alternative distribution channels to enhance accessibility of the solution to customers.

According to the findings of a market survey conducted by the Netherlands Enterprise Agency in late 2016, just about 20% of the 46 million Kenyans have medical insurance, with 6.9 million people covered under National Hospital Insurance Fund (NHIF), 1.5 million people under private sector insurance and 470,550 members under Community Bases Health Initiatives.

HF Insurance Agency is a wholly owned subsidiary of HF Group. It was incorporated as an insurance agency and begun operations in 2012 and is headed by Principal Officer, Jane Surungai.


Financial Sector Nominees For Digital Inclusion Awards 2017

    October 25, 2017   No comments
Financial sector Digital inclusion awards Kenya Nominees
Digital Inclusion Awards 2017 @diawardske
Digital Inclusion Awards Kenya aim to recognise and awards institutions that use technology in their day to day activities thereby enhancing good consumer experience.

The awards recognises companies and government entities that embraces technology from various sectors of the Kenyan economy.As a finance blog we have highlighted the nominees from the financial sector category.

Financial sector category nominees






















To Vote Visit Digital Inclusion Awards Website Now