Stanbic Bank has for the third year in a row been recognized as Kenya’s Best Investment Bank in the EuroMoney Awards for Excellence 2021 . This recognition honors Stanbic Bank for its expertise, skills and experience in structuring and implementing complex transactions in the region. This includes debt arranging, loan syndications, capital markets issuances and […]
The Latest Released Money Insurance market study has evaluated the future growth potential of Global Money Insurance market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. […]
Jubilee insurance Centre. FILE PHOTO | NMG Insurance group Jubilee Holdings has invested an additional Sh4.4 billion in Uganda’s hydroelectric power plant Bujagali, raising its stake in the project to 40.9 percent in the year ended December. The Nairobi Securities Exchange-listed firm previously held a 25 percent stake in the 250-megawatt plant which supplies half […]
Jubilee Holdings #ticker:JUB is preparing to buy back its own shares, giving it an option to repurchase the stock when it is trading below its fair value. The insurer has asked shareholders to amend its articles of association to authorise the unique transactions in the future. Nation Media Group #ticker:NMG is the first Nairobi Securities […]
DAR ES SALAAM Stock Exchange (DSE) recorded positive price movements that helped to spark rally in stocks in May but failed to increase the market turnover. The bourse, according to Zan Securities’ Market Monthly Outlook, saw nine counters registering price gain against seven in April while two counters registered price drop. Zan Securities said in […]
Jubilee Holdings chairman Nizar Juma (seated) with the board of directors during the insurer’s 83rd AGM in Nairobi on June 29, 2021. PHOTO | DIANA NGILA | NMG Jubilee Holdings shareholders on Tuesday approved amendments to the company’s articles of association to enable it to buy back its own shares when trading below its fair […]
Nizar Juma Chairman Jubilee Holdings during the launch of Explorer health insurance at Serena yesterday photoKARUGA WA NJUGUNA Jubilee Holding is in the final stages to switch to name to Jubilee Allianz General Insurance in Uganda, Tanzania, Burundi and Mauritius. Speaking during the annual general meeting held in Nairobi, Jubilee Holdings Limited Group chairman, Nizar […]
Stock Market Despite the weakening of prices of the giant cross-listed counters, the bull charging on the domestic counters was enough to lift both indices to close at the green during the week that ended on 21st May 2021. There were no block transactions during the week while zero activities were seen on TBL and […]
CRDB Bank share price has clutched into a rally-mode after the lender proposed 22/- dividend per share. The dividend proposed in the bank annual report for 2020, is however, subject to approval by the Annual General Meeting (AGM) this weekend. CRDB, one of the largest lenders in the country, paid 17/- a share as dividend […]
BOTH of the major indices were on the green during the first week of May, which ended on 07th May 2021. The Tanzania Share Index (TSI) and the All Share Index (DSEI) both gained 21.05 points and 33.11 points respectively. This is due to a rise in the market capitalization, where the domestic market cap […]
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