Dar es Salaam — Tanzania has produced two companies on the list of Africa’s 100 most valuable firms. South Africa-based African Business disclosed in a ranking of the continent’s top 250 firms that TBL Plc and Vodacom Tanzania Plc are the two most valuable firms in the country. At the continental level, TBL Plc has […]
Nairobi — Jubilee Holdings has posted a reduced profit of Sh4.02 billion for the 2019 financial year, down from Sh4.13 billion posted the previous year. In a statement, the company attributed the reduction to lower insurance results of Sh2.63 billion compared to Sh2.89 billion in 2018 and a lower share of profits from investments in […]
Jubilee Holdings chairman Nizar Juma. FILE PHOTO | NMG Jubilee Insurance has kept dividend unchanged despite a marginal 2.6 percent drop in net profit to Sh4 billion in the year to December. The profit dropped from Sh4.12 billion on higher claim settlements and a lower return from associates. The insurer announced Sh8 dividend, keeping its […]
Dar es Salaam. Market capitalisation at the Dar es Salaam Stock Exchange (DSE) rallied during the first day of trading this week as investors cheered announced divi-dend proposals and a further easing of lockdowns in some countries. The Dar es Salaam bourse opened the week with a market capitalisa-tion of Sh15.04 trillion on Monday, a […]
THE Tanzania Share Index (TSI), slightly fell during the week after losing a 0.09 point to close the week at 3,494.06 points. The drop follows a 0.003 percent drop of the domestic market capitalisation originating from the DSE counter which fell by 1.11 per cent. The domestic market capitalisation closed the week at 9.17tri/- ($3.99bln). […]
The Dar es Salaam Stock Exchange is facing tough times as the All Share Index dropped by almost 16 per cent in the past month, total turnover was Tsh5 million ($2,500), prices per share fell for listed firms, and there was little foreign participation. By close of business on Wednesday, the DSE had recorded a […]
Jubilee Group Chairman Nizar Juma. The firm said the job cuts would ensure increased operational efficiency. PHOTO | SALATON NJAU Jubilee Holdings #ticker:JUB is set to lay off 52 employees as it completes splitting of its insurance businesses in Kenya to increase efficiency and management focus. The firm announced on Thursday that the decision has […]
Jubilee Holdings Chairman Nizar Juma. FILE PHOTO | NMG Jubilee Holdings #ticker:JUB recorded a marginal decline in comprehensive income in the first half of 2019 to post a 1.5 percent fall in net earnings of Sh1.83 billion. The firm, however, recorded an 11 percent increase in gross written premiums to Sh20.7 billion for the same […]
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