• Latest
  • All
  • How To
100K Duka Owners to Get BRITAM Digital Insurance in New mTek Deal

100K Duka Owners to Get BRITAM Digital Insurance in New mTek Deal

January 24, 2023
Kajiado's Kora Sub-location and Beyond: Digital Connectivity Ignites Small Town Development

USF Projects Fuel Mushrooming of Small Towns in Kenya

May 20, 2025
Microsoft

BitLocker Boot Loop Chaos? Microsoft Releases Fix After Botched May Update

May 20, 2025
USF's KES 40 Billion Digital Inclusion Plan: KES 12 Billion Shortfall Looms

CA Universal Service Fund New Strategy Faces a KES 12 Billion Funding Gap

May 20, 2025
Tanzania Police X Account

Tanzania Police X Account Hacked Amid Rising Political Tensions

May 20, 2025
DHgate Tablet Cases deals
Perplexity AI

Mozilla Tests Perplexity Search Integration in Latest Browser Update

May 20, 2025
Infinix Note 50 Pro

Infinix Note 50 Pro Launches in Kenya with Folax AI and 90W Charging Support

May 20, 2025
iphone 17 air

iPhone 17 Air Battery Leak Disappoints Despite Ultra-Thin Design

May 19, 2025
Connected Africa Summit

Tupatane Diani: Kenya Gears Up for Connected Africa Summit 2025

May 19, 2025
Google I/O 2025

Google I/O 2025: Android 16, Gemini AI, and the Future of Smart Devices

May 19, 2025
Apple Event

Apple Named World’s Most Valuable Brand in 2025. AI Players Surge in Rankings

May 19, 2025
IR-Equipped AirPods

Next AirPods Will Let You Control Music Without Touching Them

May 20, 2025
BURN Secures $5 Million to Bring Clean Cooking to Kenyan Homes

BURN Secures $5 Million to Bring Clean Cooking to Kenyan Homes

May 17, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

100K Duka Owners to Get BRITAM Digital Insurance in New mTek Deal

Kenn Abuya by Kenn Abuya
January 24, 2023
in News
Reading Time: 2 mins read
256
0

Digital insurance platform mTek has partnered with digital informal retail aggregator Kyosk.app and Fin, a focused fintech platform, to provide insurance coverage to over 100,000 Kenyan informal retail businesses, commonly referred to as dukas.

Although it has employed over 80 percent of the Kenyan workforce, the informal retail sector is underinsured and faces a number of insurable risks, including business interruption, theft, damage to property, cyber-attacks, and loss of stock.

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.

The partnership aims to empower Kenya’s informal retailers and smallholder farmers to protect their profits as they grow their livelihoods.

Informal retailers affiliated with the Kyosk.app platform will have access to digital and customized insurance products starting from KES 74 per month.

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.

In 2021, the Insurance Regulatory Authority (IRA) reported the insurance penetration at 2.23% of Kenya’s total GDP – with digitization and innovative insurance products being critical contributors to the adoption of insurance products.

This partnership aims to increase the adoption of insurance products among informal retail businesses by providing them with digital and customized insurance products that are affordable and easy to access.

Quotes

“We have come together to become enablers and protectors of the informal retail sector through insurance products, contributing to the growth of Kenya’s economy. With the adoption of digital services by informal retailers, mTek’s paperless services offer business owners accessibility, convenience, and affordability,” said Ms. Krogmann.

“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, more so dukas,” said Mr. Maina.

“Kenya’s economy is underpinned by the informal retail sector. The sector drives both employment and GDP. Fin is proud to do its part by providing traders within the Kyosk.app network with a funding solution that will help them access insurance” said Mr. Tonderai Mutesva Chief Executive Officer of Fin.

SendShare147Tweet92
Kenn Abuya

Kenn Abuya

Kenn Abuya is a friend of technology, with bias in enterprise and mobile tech. Share your thoughts, tips and hate mail at [email protected]

Related Posts

Kajiado's Kora Sub-location and Beyond: Digital Connectivity Ignites Small Town Development

USF Projects Fuel Mushrooming of Small Towns in Kenya

May 20, 2025
Microsoft

BitLocker Boot Loop Chaos? Microsoft Releases Fix After Botched May Update

May 20, 2025
USF's KES 40 Billion Digital Inclusion Plan: KES 12 Billion Shortfall Looms

CA Universal Service Fund New Strategy Faces a KES 12 Billion Funding Gap

May 20, 2025
Tanzania Police X Account

Tanzania Police X Account Hacked Amid Rising Political Tensions

May 20, 2025
Perplexity AI

Mozilla Tests Perplexity Search Integration in Latest Browser Update

May 20, 2025
Infinix Note 50 Pro

Infinix Note 50 Pro Launches in Kenya with Folax AI and 90W Charging Support

May 20, 2025

Latest

Kajiado's Kora Sub-location and Beyond: Digital Connectivity Ignites Small Town Development

USF Projects Fuel Mushrooming of Small Towns in Kenya

May 20, 2025
Microsoft

BitLocker Boot Loop Chaos? Microsoft Releases Fix After Botched May Update

May 20, 2025
USF's KES 40 Billion Digital Inclusion Plan: KES 12 Billion Shortfall Looms

CA Universal Service Fund New Strategy Faces a KES 12 Billion Funding Gap

May 20, 2025
Tanzania Police X Account

Tanzania Police X Account Hacked Amid Rising Political Tensions

May 20, 2025
Perplexity AI

Mozilla Tests Perplexity Search Integration in Latest Browser Update

May 20, 2025
Infinix Note 50 Pro

Infinix Note 50 Pro Launches in Kenya with Folax AI and 90W Charging Support

May 20, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

USF Projects Fuel Mushrooming of Small Towns in Kenya

May 20, 2025

BitLocker Boot Loop Chaos? Microsoft Releases Fix After Botched May Update

May 20, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

Introducing A Brainbox Quiz: Techweez’s Monthly Trivia Night!

5 Most Reliable Virtual Dollar Card Providers in Nigeria

More News

iPhone 17 Air Battery Leak Disappoints Despite Ultra-Thin Design

Tupatane Diani: Kenya Gears Up for Connected Africa Summit 2025

Google I/O 2025: Android 16, Gemini AI, and the Future of Smart Devices

Apple Named World’s Most Valuable Brand in 2025. AI Players Surge in Rankings

Next AirPods Will Let You Control Music Without Touching Them

BURN Secures $5 Million to Bring Clean Cooking to Kenyan Homes

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.