KEY POINTS The top gainer of the day was Eveready East Africa with 8.25 percent at the price of 1.05 shillings per share. Jubilee Holdings gained 5.36 percent at the price of 368.75 shillings per share. The top gainer of the day was Eveready East Africa with 8.25 percent at the price of 1.05 shillings […]
(from left) Jubilee Holdings Regional CEO Julius Kipng’etich, Group Chairman Nizar Juma & Group Chief Operating Officer Juan Cazcarra Regional based insurer Jubilee Holdings has more than doubled its half year earnings to Ksh.4.5 billion from a lower Ksh.1.8 billion last year. The notable 146 per cent increase in profitability is largely attributable to gains […]
Nairobi — Regional insurer, Jubilee Holdings Limited has announced a profit of Sh4.5 billion in its half-year net earnings compared to Sh1.8 billion posted in a similar period last year. The group through a statement said that the improvement in the performance was greatly influenced by gains from the sale of a majority stake in […]
File Photo of Kenyatta National Hospital (KNH). At the same time, the underwriters have been hit by greater benefits from policyholders as the two factors combine to eat into the insurers’ earnings pie in the period. An analysis of publicly listed insurance financials through the half year stage by Citizen Digital captures the rising claims […]
FAKE LUXURY?: Wreckage of a car at an accident scene Image: FILE Underwriters in the country are still faced with increased claims eating into their profitability and increasing expenses as Covid-19 continues to slow down the economy. According to the latest claims report released by the Insurance Regulatory Authority (IRA), insurers received over 2.1 million […]
Jubilee Holdings Limited regional CEO Julius Kipngetich, Group chairman Nizar Juma and Chief Operating Officer Juan Cazcarra, during the release of the insurer’s 2021 half- year financial results, in Nairobi/HANDOUT Jubilee Insurance has posted a Sh4.5 billion profit after tax for the half-year ended June 30, a 150 per cent jump compared to Sh1.8 billion […]
Three years ago, when sports betting was roaring like a wild bush fire and every youthful football fan was drawn into gambling, two university students known to this writer placed bets on a weekend. One of them placed Sh10,000 on what was seen as a safe bet, with odds of just over two, for a […]
ACTIVITIES significantly rose on the market through equity turnover which grew by more than five times on weekly basis, thanks to prearranged blocks on the NMB counter. Equities turnover recorded during the week that ended on the 20th of August 2021 amounted to TZS 6.01bln ($2.6mln), up from TZS 1.18bln ($0.51mln) for the previous week. […]
Three years ago, when sports betting was roaring like a wild bush fire and every youthful football fan was drawn into gambling, two university students known to this writer placed bets on a weekend. One of them placed Sh10,000 on what was seen as a safe bet, with odds of just over two, for a […]
Dar es Salaam Stock Exchange (DSE) has posted a mixed movement where domestic and crosslisted stocks split between green and red. Tanzania Share Index (TSI) gained by 0.26 point following a 0.007per cent gain on the domestic market capitalisation. The TSI and domestic market cap closed the week at 3,640.38 points and 9.588tri/- respectively for […]
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