The East Africa Crude Oil Pipeline Project (EACOP) has completed 99 percent of compensation payments for project victims in the lake zone.
EACOP Communications Division Officer, Ms Catherine Mbatia revealed this while presenting the compensation program to journalists in Geita town.
Ms Catherine said so far, 99 per cent of the victims who either their land or houses have been affected by the project have almost been compensated.
She said to date, there are no complaints from anyone because the project has respected human rights and complied to national and international laws.
“We make sure that everyone gets his rights, we started at the village level where the oil pipeline passes and went to other parts in the regions. “We had everyone’s information, we made sure everyone was reached not only in their household but also getting the right information from the villages and neighborhoods chairmen.
“Therefore, the village chairmen report helped us a lot to reduce complaints, no one was bullied and even if someone was bullied, he or she got his rights,” she said.
Geita Region Oil Pipeline Project Relations Coordinator, Mr Moses Msophe said all compensation procedures have been observed and about 1,470 people who have been affected have been compensated.
“Among them, 36 were those who were directly affected in their homes, while 1,434 were victims who were affected in their areas. “The compensation payment involved a high level of transparency, presentation as well as documents review.”
Mr Msophe said a total of 23 houses have been built for the victims of the crude oil pipeline in Chato district, Geita district, Bukombe and Mbogwe.
“The biggest challenge we encountered during the payment of compensation is family conflicts. We, as project officers, when we encounter conflicts, we seize the compensation procedures.”
Source: allafrica.com
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The investment income growth was fueled by interest and dividend income rising 34 percent to Sh9.1 billion, which the insurer attributed to growth in revenue and the gains from the realignment of the group’s investment portfolio.
Britam also booked a Sh3.79 billion gain on financial assets at a fair value, compared with a Sh1.8 billion loss posted in a similar period last year.
The increased investment income helped offset the 12.7 percent decline in net insurance service result to Sh2.13 billion in the wake of claims paid out rising at a faster pace than that of premiums received.
Britam said insurance revenue, which is money from written premiums, increased to Sh17.8 billion from Sh16.6 billion, primarily driven by growth in the Kenya insurance business and regional general insurance businesses, which contributed 30 percent of the revenue.
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Britam’s growth in profit is in line with that of other Nairobi Securities Exchange-listed insurers, which have seen a rise in profits.
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