Global general insurer Allianz SE has completed the purchase of a 51 percent stake in Jubilee General Insurance Limited in Burundi from the parent company Jubilee Holdings, which will retain a 19 percent stake in the business. This is the third of several similar regional transactions after the Kenyan parent firm signed an agreement in […]
Tag: jubilee holdings
Why DRC is fertile hunting ground for Kenyan firms
Kenyan firms are planning to expand into the populous Democratic Republic of the Congo (DRC) that is about to join regional trading bloc after making formal application in June 2019. The admission of DRC into six-nation East African Community (EAC), expected to be concluded this year, is projected to strengthen trade ties, expanding market for […]
Jubilee raises stake in Seacom fibre project
Insurance group Jubilee Holdings #ticker:JUB has purchased an additional 10 percent stake in submarine fibre optic cable project Seacom for an undisclosed sum, raising its ownership in the venture to 18.8 percent. The Nairobi Securities Exchange #ticker:NSE -listed firm, which owns shares in Seacom indirectly through IPS Cable System Limited, previously owned an 8.8 percent […]
Tanzania: Dar es Salaam Stock Exchange Monthly Turnover Rises By 13 Per Cent
FOR February, the DSE bourse recorded a 12.63% hike in the turnover generated on the equities market. The turnover recorded amounts to TZS 15.74Bln ($6.84Mln) against TZS 13.98Bln ($6.08Mln) that was generated on the previous month. On the other hand, the number of shares traded declined by 45.59% from approximately 22 million shares in January […]
Jubilee Holdings buys additional 10% in SEACOM
Nizar Juma Chairman Jubilee Holdings during the launch of Explorer health insurance at Serena yesterday photoKARUGA WA NJUGUNA Nairobi Securities Exchange-listed financial services firm Jubilee Holdings has acquired an additional 10 per cent stake in undersea cable service provider SEACOM. This raises Jubilee’s shareholding in SEACOM from 18.8 per cent after an initial 8.8 per […]
Money Insurance Market Growing Demand and Huge Future Opportunities by 2031
The report titled “ Money Insurance Market ” offers a primary overview of the Money Insurance industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global Money Insurance market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in […]
DSE record turnover of 13.7bn/- in January, market data shows
The turnover recorded was more than two folds improvement from last month’s 5.51bn/- turnover and January 2021 turnover of 6.72bn/- According to statistics from DSE, both market Indices closed the month on the positive side with the All-Share Index (DSEI) gaining 22.08 points and closing with 1,918.79 points while While the Tanzania Share Index (TSI) […]
Where investors reaped big in 2021
Dar es Salaam. When the year 2021 started, a share of the Tanga Cement Company Ltd (TCCL) at its Dar es Salaam Stock Exchange (DSE) trading counter was selling at Sh500. At the close of the year, the same share was being sold at Sh1,100, more than twice as much in value. The appreciation in […]
Buoyant financial sector predicts a rosy 2022 after Covid recovery
Traders at Marikiti market, Nairobi. [Elvis Ogina, Standard] Financial sector players, including banks, Saccos, insurers and digital lenders expect a continued rebound in 2022 pegged on improving economic activities amid persisting Covid-19 infections. Kenya will in March mark two years since the pandemic struck the country. But CEOs and regulators in the financial sector say […]
Kenya : Companies that have rebranded in 2021
Companies have rebranded in the last one-year or so to boost business and reinvigorate presence amid an economic impact caused by the Covid-19 pandemic. It is usual for companies to develop new logos, marketing materials as well as names to rejuvenate interest from consumers, employees and investors, as well as stay ahead of competitors. Recent […]