The year 2021 was characterised by new significant deals across the corporate sector after a lull induced by the Covid 19 pandemic. The merger and acquisitions activity cut across key sectors including financial services, real estate, telecommunication and agriculture. Some of the key ones included: Unga Group sells Ennsvalley Bakery to logistics company Unga Group […]
Insurance firm Britam Holdings #ticker:BRIT is set to raise Sh13.9 billion from the sale of 253.1 million shares of Equity Group Holdings #ticker:EQTY to the International Finance Corporation (IFC). Sources familiar with the transaction told Business Daily that IFC will acquire the shares at a price of Sh55 each based on negotiations with the insurer. […]
•Kenya submitted the highest number of entries with 804 followed by Tanzania at 84, Ethiopia at 67 and Uganda at 53. •The competition was started in 2017 with the intention of using photography as a medium to amplify the Safal Way and drive conversation around care for environment. SEITW Photography Competition 2021 winners Anthony Onyango […]
Dr. Julius Kipng’etich, the Regional Group CEO for Jubilee Holdings Limited, presents the overall winner of the SEITW Photography 2021 Contest Anthony Ochieng. {Photo/James Wanzala} Kenya’s Anthony Onyango is the winner of the Safal Eye in the Wild Photography Competition 2021. Onyango will take home a cash prize of $3,000 (Sh338,000). Sushil Chauhan also from […]
Dr. Julius Kipng’etich, the Regional Group CEO for Jubilee Holdings Limited, presents the overall winner of the SEITW Photography 2021 Contest Anthony Ochieng. {Photo/James Wanzala} Kenya’s Anthony Onyango is the winner of the Safal Eye in the Wild Photography Competition 2021. Onyango will take home a cash prize of $3,000 (Sh338,000). Sushil Chauhan also from […]
Allianz, one of the world’s leading insurers and asset managers, became the majority shareholder in Jubilee Insurance Company of Uganda Limited after completing the transaction to acquire a 66 per cent stake in the company from Jubilee Holdings Limited (JHL), East Africa’s largest insurance group. A statement made available to New Telegraph said the stake […]
The Capital Markets Authority (CMA) has barred listed firms with negative equity from rolling out share buybacks, locking out cash-strapped companies from the process largely applied to correct perceived undervaluation of stock. The regulator has ruled that directors of the companies which intend to repurchase stock from the market should ensure “assets … are equal […]
The capital markets regulator has capped the price of shares listed firms propose to buy back from market at 10 percent above the weighted value for the month preceding the resolution. The Capital Markets Authority (CMA) has set maximum and minimum share buyback price in new guidelines which are in line the Companies Act, 2015, […]
The capital markets regulator has capped the price of shares listed firms propose to buy back from market at 10 percent above the weighted value for the month preceding the resolution. The Capital Markets Authority (CMA) has set maximum and minimum share buyback price in new guidelines which are in line the Companies Act, 2015, […]
On Friday October 22, 2021, Allianz, one of the world’s leading insurers and asset managers, became the majority shareholder in Jubilee Insurance Company of Uganda Limited after completing the transaction to acquire a 66% stake in the company from Jubilee Holdings Limited ( USE:JHL ), East Africa’s largest insurance group. The stake acquired by Allianz […]
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