A patient undergoes a coronavirus test at the Kenya Coast National Polytechnic in Mombasa on June 26. PHOTO | KEVIN ODIT | NATION MEDIA GROUP Ironically, the said public hospitals are almost full with most of them not conducting Covid-19 testing. The government has a task to increase the number of testing facilities accessible to […]
CIC Insurance Group Patrick Nyaga (left) having a word with Co-op Bank Chief Executive Gideon Muriuki at a past event. FILE PHOTO | NMG CIC Insurance Group made a Sh335.5 million net loss in the half year ended June, reversing a net profit of Sh20.9 million the year before. This came as investment income fell […]
Nairobi securities Exchange (NSE) trading floor (BEVERLYNE MUSILI) NAIROBI, KENYA : The Nairobi Securities Exchange has reviewed the constituent counters of its NSE 20 and 25 Share Index, with effect from April 3. The review of the NSE 20 share index incorporates the inclusion of Kenya Reinsurance Corporation Limited, NIC Group Plc and Nairobi Securities […]
The top five gainers of the day at the Nairobi Securities Exchange (NSE) on Wednesday were I & M Holdings, Barclays NewGold ETF, East African Breweries Limited, Britam Holdings, and Total Kenya. I & M Holdings gained 3.89 percent at the price of 46.75 shillings per share followed by Barclays NewGold ETF with a gain […]
Kenyan insurers have made an about-turn on paying Covid-19 bills in what has left hundreds of patients in hospitals high and dry. When Kenya announced its first case of coronavirus in March, the Insurance Regulatory Authority (IRA) said it had met with players in the industry and agreed to cover bills for patients despite the […]
The top gainer of the day at the Nairobi Securities Exchange (NSE) on Wednesday was Longhorn Publishers with 8.41 percent at the price of 4.90 shillings per share. Sanlam Kenya was the top second gainer of the day with 7.69 percent at the price of 14.00 shillings per share followed by Standard Group with 6.90 […]
Co-operative Bank Branch Along Kenyatta Avenue in Nairobi. Monday, October 21, 2019. The Co-operative Bank of Kenya on Wednesday, July 1, completed a move to expand its customer base after spending Ksh1 billion to acquire 90% of Jamii Bora Bank. In a statement to newsrooms, the bank disclosed that the deal was sealed during an […]
Co-operative Bank Branch Along Kenyatta Avenue in Nairobi. Monday, October 21, 2019. The Co-operative Bank of Kenya, on Monday, July 6, partnered with the County Government of Laikipia in a Ksh300 million project . In a statement, the bank noted that the partnership was aimed at helping 7,000 entrepreneurs recover from the challenges of the […]
Co-op Bank’s chief executive Gideon Muriuki. FILE PHOTO | NMG Co-op Bank #ticker:COOP has reduced its indirect ownership in CIC Insurance to 24.8 percent after selling shares to a group of saccos for a total of Sh106.6 million. The lender has been a long-term investor in CIC through the investment holding company Co-op Insurance Society […]
Business Nyaga is taking over from Tom Gitogo who exited last October. The Board of listed underwriter CIC Insurance Group has announced the appointment of Patrick Nyaga as Group Chief Executive. Nyaga joins the insurer from Cooperative Bank Group – one of the largest shareholders of CIC Group – where he served as Head of […]
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