A ranking of the top 25 companies in which employees can best grow their careers in Kenya, released by LinkedIn, shows that banks offer the best avenues for career development. More than 10 of the institutions in the list are either banks or institutions closely affiliated to banking and insurance with Equity Bank, second in […]
CIC Insurance Group reception [Courtesy] CIC Insurance Group has emerged from a loss to post the highest net profit in six years, helped by increased premiums. Financial results released yesterday showed the insurer made Sh668.4 million net profit in the year ended December 2021 – a recovery from Sh296.8 million loss in the preceding year. […]
CIC Insurance Group has reported Sh668 million profits after tax for the year ending December 2021, reversing a net loss of Sh296.83 million recorded in the previous year. The insurer has recovered from the Covid-19 effects that devastated businesses and resulted in higher claims by customers. The company says its focus on cutting costs and […]
CIC Insurance Group has reported a net profit of Ksh. 668.4 Million for the year ended 31 st December 2021 as compared to a net loss of Ksh. 296.8 Million for the previous year. This rise in profitability was driven by a 17% rise in the gross earned premiums to Ksh. 19.7 Billion. At the […]
An image of Co-operative Bank Headquarters in Nairobi File The Cooperative Bank has reported a pre-tax profit of Ksh22.6 billion for the full year 2021. This is a 59 per cent growth from the Ksh14.3 billion recorded over a similar period in 2020. This represents a Ksh16.5 billion after tax profit compared to the Ksh10.8 […]
LONDON, ENGLAND, February 23, 2022 /24-7PressRelease/ — Global Banking and Finance Review is privileged to honour those financial institutions who have achieved outstanding results and who stand out in their particular area of expertise in the banking and finance industry. Global Banking & Finance Review would like to congratulate the award winners and look forward […]
The death of members, funeral and medical covers topped the claims. Insurance claims involving Savings and Credit Cooperatives (Saccos) have risen five-fold in the last two years due to the Covid-19 pandemic . The death of members, funeral and medical covers topped the claims category as Saccos lost businesses, membership and contributions due to the […]
Kenya Power and Lighting Company (KPLC) was the top mover of the day with 10.43 million shares with a market capitalization of 3.34 billion shillings. Safaricom came in second with 2.10 million shares and a capitalization of 1.66 trillion shillings. Nairobi Business Ventures, WPP ScanGroup, and NCBA Group ended the day by moving 244,200, 204,800, […]
The top gainer of the day at the Nairobi Securities Exchange (NSE) was Eveready East Africa with 4.81 percent at the price of 1.09 shillings per share. Carbacid Investments was the second with 4.37 percent at the price of 11.95 shillings per share. CIC Insurance Group, Kenya Power and Lighting (KPLC), and Crown Paint Kenya […]
ICEA LION General Insurance Company Limited appoints of Philip Lopokoiyit as the new Chief Executive Officer and Principal Officer of the Company following regulatory approval. His appointment takes effect from September 20, 2021. Insurance company ICEA ion has announced the appointment of Philip Lopokoiyit as the new Chief Executive Officer and Principal Officer of the […]
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