According to the Insurance Regulatory Authority (IRA), the industry regulator, premiums collected through bancassurance channels raised from 26 billion Shillings in 2018 to 53.6 billion Shillings in 2019. This accounted for 5.5 per cent contribution to the total premiums written in the year.
The facility which was set up at a cost of 760 million shillings, under the North West Small Holder Agricultural Program, is rotting away after traders abandoned it and instead, created another market at Okubani, three kilometres from Rhino Camp trading centre.
The resumption of transport came with restrictions – the 14-seater taxis are only allowed to carry seven people while 65-seater buses can only carry 30 passengers. As a result, transporters more than doubled fares.