Jubilee board chairman Nizar Juma. PHOTO | SALATON NJAU | NMG Jubilee Holdings #ticker:JUB plans to expand its life and medical business using the Sh7.7 billion it will receive in its deal with Munich-based insurance giant Allianz SE. The Nairobi Securities Exchange-listed firm is selling majority stakes of between 51 percent and 66 percent in […]
Rubis Gigiri, Nairobi. FILE PHOTO | NMG It is normal for a company to tweak its brand to drive business and reinvigorate presence. Companies may want 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 rebrands in Kenya […]
Cooperative Bank of Kenya officially acquired 90 percent stake in Jamii Bora Bank on August 21. FILE PHOTO | NMG Some of the recent merger and acquisitions activity cut across key sectors including financial services, renewable energy and technology. This is expected to intensify. Below are some of the top deals for 2020. Co-operative Bank […]
During the week, the equities market was on an upward trajectory , with NASI, NSE 20, and NSE 25 all gaining by 0.6, 0.2, and 0.1 percent respectively. The performance took their YTD performance to losses of 11.0, 32.3, and 19.6 percent for NASI, NSE 20, and NSE 25, respectively. The equities market performance was […]
East Africa is projected to be the hotspot of economic recovery in sub-Saharan Africa with the region expected to post an average growth of 5.1 percent in 2021 against a continental average of 3.2 percent. Allianz SE chief economist Ludovic Subran said economic growth in Kenya, Tanzania, Uganda and Rwanda will significantly rebound after a […]
THE two major indices went on different directions during the week that ended on 18th December 2020 after counters seeing mixed movements. The All Share Index (DSEI) was on the red after most cross listed counters decelerated while CRDB and JATU pulled the Tanzania Share Index (TSI) up. Twiga Cement dropped by 0.78 per cent […]
IN the coming week, like previous week there could be an increase in market activities during this End of year and Christmas season due to end of year sell-off to meet obligations. The market will remain active during the week and mainly from the top local active counters. Even though it remains a mystery to […]
NAIROBI, Kenya, Dec 15-Jubilee Holdings Limited (JHL) shareholders have approved a long-term strategic partnership between JHL and Allianz SE in respect of Jubilee’s short-term general insurance businesses in Kenya, Uganda, Tanzania and its short-term general and medical insurance business in Burundi and Mauritius. Allianz will become a co-shareholder in five companies that are currently, or […]
Jubilee Holdings Group Chairman Nizar Juma and Company Secretary Margaret Kipchumba during an annual general meeting yesterday. [Courtesy] Jubilee Holdings shareholders yesterday approved a long-term strategic partnership with Allianz SE in five countries. The deal will see the German insurer gain a stake in Jubilee’s short-term general insurance businesses in Kenya, Uganda, Tanzania and its […]
Jubilee Holdings Group Chairman Nizar Juma and Company Secretary Margaret Kipchumba during an annual general meeting yesterday. [Courtesy] Jubilee Holdings shareholders yesterday approved a long-term strategic partnership with Allianz SE in five countries. The deal will see the German insurer gain a stake in Jubilee’s short-term general insurance businesses in Kenya, Uganda, Tanzania and its […]
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