By BRIAN NGUGIMore by this AuthorDemand for political risk insurance by Kenya firms has remained subdued ahead of the August 8 general election as majority investors exude confidence the polls will largely be peaceful. The African Trade Insurance Agency (ATI) on Thursday said it had witnessed fewer enquires for political risk cover than in previous elections. It provides political risk, surety bonds, trade credit insurance and political violence, terrorism and sabotage cover. In 2016, ATI insured close to $4 billion (Sh405 billion) worth of trade and investments. Mr Otieno, while maintaining ATI does not foresee political violence, said it had, however, urged existing clients with political risk covers to maintain them.

Source: Daily Nation May 04, 2017 18:48 UTC