Category: Business

Lake Basin Mall's Deepening Financial Quagmire in Kisumu: Sh4.4 Billion Loan Woes

Apr 5 2025 • Posted in: Business

Lake Basin Mall in Kisumu is mired in financial challenges owing to a hefty Sh4.4 billion loan. The mall's low occupancy, alongside mismanaged funds revealed by an audit, has prompted calls for strategic changes, including better marketing and rent adjustments. Meanwhile, local projects and a stalled convention center highlight broader regional development issues.

Florida's Insurance Reform: Ambitious Measures Yet Critics Call for Comprehensive Solutions

Jan 4 2025 • Posted in: Business

In a bid to stabilize a tumultuous insurance sector, Florida's government has passed a reform bill aimed at curbing litigation costs and regulatory burdens. However, critics argue that the legislation falls short of addressing climate change impacts and escalating reinsurance costs, which they claim are the true drivers of soaring premiums. The debate continues over whether these reforms will genuinely lower costs or merely scratch the surface.