Insurance Group Britam Holdings #ticker:BRIT has appointed former PricewaterhouseCoopers (PwC) head Kuria Muchiru as chairman, replacing Mohamed Said Karama who has been acting since February. This comes amid a raft of changes announced at the firm including last month’s resignation of Britam CEO Tavaziva Madzinga who is leaving for South African insurer Santam. Mr Madzinga […]
Insurance Group Britam Holdings #ticker:BRIT has appointed former PricewaterhouseCoopers (PwC) head Kuria Muchiru as chairman, replacing Mohamed Said Karama who has been acting since February. This comes amid a raft of changes announced at the firm including last month’s resignation of Britam CEO Tavaziva Madzinga who is leaving for South African insurer Santam. Mr Madzinga […]
A subscriber holds a Telkom SIM card. FILE PHOTO | NMG Telkom Kenya has inked a deal with Britam Holdings to launch a mobile-based insurance product targeting small-scale traders in the country. The cover, dubbed Life Bila Noma, will see customers benefit from telecom and insurance bundles that include data, voice minutes, SMS, personal accident […]
Johannesburg- Santam has tapped Tavaziva Madzinga as the new CEO, replacing Lizé Lambrechts. Madzinga will take over the helm at Santam from July next year. He was poached from Britam Holdings, a diversified investment business listed on the Nairobi Securities Exchange. “Tavaziva is a qualified actuary who has worked in the insurance and broader financial […]
NAIROBI, Nov 26 (Reuters) – Kenyan insurance firm Britam Holdings BRIT.NR said on Friday that CEO Tavaziva Madzinga would leave in April next year, adding that finance director Charles Njuguna had been appointed as deputy chief executive to facilitate a transition. The insurance group did not say whether Njuguna would succeed Madzinga, a former Old […]
Insurance Group Britam Holdings #ticker:BRIT has announced the planned exit of its managing director, Tavaziva Madzinga, after just 10 months in office in its latest executive shake-up. Mr Madzinga will officially leave Britam in April 2022, giving the company enough time to find his replacement. The insurer has also announced the appointment of Charles Njuguna […]
Retail investors on the Nairobi Securities Exchange (NSE) have used 52.4 percent of their shares to secure bank loans, indicating that less than half of small investors’ portfolio represent actual wealth. A report by the Capital Markets Authority (CMA) shows that individuals pledged a total of 6.52 billion shares in the quarter ended September, up […]
Workers undertake the first flaring test in Hoima district in western Uganda. An oil pipeline will be built from there to Tanga. PHOTO | REUTERS The petitioners, led by Inclusive Development International, accuse the World Bank of giving “backdoor support” to the infrastructure project that will transport crude from Hoima in Uganda to the international […]
Seven chief executives of Nairobi Securities Exchange-listed firms have served for more than 15 years and are expected to extend their tenure in a market where on average top managers don’t serve in excess of a decade. Flame Tree’s #ticker:FTGH founder, Heril Bangera, has the longest run of 32 years, followed by Car & General’s […]
Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that only 12 firms out of the 66 listed operate the department. These are Equity Bank, Stanbic Bank, Co-operative Bank, Safaricom, Centum, KCB, Kenya Airways, Kenya Electricity Generating Company (Kengen), Britam Holdings […]
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