mTek With Partners To Provide Insurance To Over 100,000 Dukas- (Another title can be suggested to connect with Kyosk)

September 18, 2023

Despite employing over 80 percent of the Kenyan workforce, the informal retail sector is underinsured and faces a myriad of insurable risks.
Insurance platform mTek, and Fin, a focused fintech platform have unveiled a partnership to provide insurance covers to over 100,000 Kenyan dukas.
mTek Chief Executive Officer Ms. Bente Krogmann said that mTek would provide a paperless ecosystem to facilitate the purchase of the BRITAM product, Kyosk. app will facilitate a direct and seamless link to its network of 100,000 informal retailers, and Fin will provide affordable financing for the insurance services.

Kyosk. app Head of Innovations Mr. Elijah Maina said the partnership would empower Kenya’s informal retailers and smallholder farmers to protect their profits as they grow their livelihoods.
“Every day, informal retailers are exposed to risks that could negatively impact their businesses from loss of inventory due to fire or theft or loss of profit due to hospitalization. Through this partnership, we have a bespoke insurance product that caters for all these risks under one cover, facilitating business continuity for the informal retailers, moreso Dukas,” said Mr. Maina.


SOURCE: Soko Directory