East Africa: CIC Set for Dividend Payout After Return to Profitability

East Africa: CIC Set for Dividend Payout After Return to Profitability

Regional insurer CIC Insurance Group Plc has bounced back to profitability laying the groundwork for ending a two-year dividend drought for shareholders. The turnaround is also expected to bolster the firm’s stock on Nairobi Securities Exchange that is trading as low as Ksh3 ($0.02) per share against a par value of Ksh1 ($0.01) per share. […]

More firms eye mergers and acquisitions for turnaround

More firms eye mergers and acquisitions for turnaround

Most firms are projected to continue consolidating their operations this year in a bid to strengthen their balance sheets and make a turnaround on subdued businesses activity after a period marked by capital inadequacy. Globally, mergers and acquisitions (M&A) are expected in sectors including technology, healthcare, pharmaceuticals and businesses such as food and retail. Analysts […]