A cargo ship off loads containers at Lamu Port. The Port is now receiving large ships. Jan. 20,2021.[Omondi Onyango,Standard]
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The directive to importers to buy marine insurance from local underwriters started on July 1, amid concerns from a section of Kenyans whether it will achieve the desired goals.
According to the Insurance Regulatory Authority (IRA), all imported goods must be covered by Marine Cargo Insurance (MCI) purchased locally, with the new regulation seeking to promote the local insurance industry.
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