Economic recovery began with easing of Covid containment measures and gradual resumption of business in the past year. PHOTO | FILE | NMG Market analysts expect rising political temperatures ahead of the August general election, rising fuel prices, lower agricultural output due to potential adverse weather and the desert locust infestation in the northern parts […]
NAIROBI, Kenya, Jan 21 – Liberty Kenya Holdings Wednesday issued a profit warning for the financial results ended 31 December 2021 anticipating at least 25 percent drop in profits attributed to the impact of COVID-19 on its businesses. In a statement shared to shareholders, the insurance firm reported that it had significantly higher risk claims […]
Guests follow proceedings during the launch of a pension product by an insurance firm in Nairobi. FILE PHOTO | NMG Liberty Kenya Holdings has issued a profit warning for the year ended December 2021, citing the impact of the Covid-19 pandemic. The Nairobi Securities Exchange-listed firm said its profit for the year is likely to […]
Nairobi — Liberty Kenya Holdings Wednesday issued a profit warning for the financial results ended 31 December 2021 anticipating at least 25 percent drop in profits attributed to the impact of COVID-19 on its businesses. In a statement shared to shareholders, the insurance firm reported that it had significantly higher risk claims in 2021 which […]
Seven chief executives of Nairobi Securities Exchange-listed firms have served for more than 15 years and are expected to extend their tenure in a market where on average top managers don’t serve in excess of a decade. Flame Tree’s #ticker:FTGH founder, Heril Bangera, has the longest run of 32 years, followed by Car & General’s […]
Liberty Life Assurance Managing Director Abel Munda PHOTO | COURTESY South African domiciled Pan-African underwriter Liberty Holdings Limited has raised its stake in Liberty Kenya Holdings Plc to 73.5 per cent. This follows the subscription of an additional 84.2 million shares in the unit via a private transfer to raise its stake from a lower […]
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 […]
Baker McKenzie’s latest analysis of Refinitiv data shows that the value of mergers and acquisitions (M&A) in the first half 2021 (H1 2021) soared in South Africa, and that deal value also increased in Nigeria in the first six months of 2021, but Kenya experienced a slight decrease in both deal value and volume in […]
Mergers and acquisitions (M&A) deal value increased in the first half of 2021 in South Africa and Nigeria, according to Baker McKenzie’s analysis of Refinitiv data, although the economic success could be threatened by unrest in South Africa. Deal value rose in Nigeria in the first half of this year, and the value of deals […]
The sentiment was positive on African equity markets this week. Among the 17 markets we cover, twelve advanced while four retreated, and one remained flat. The Dar es Salaam Stock Exchange led the performance charts as Tanzanian equities jumped 6.56%. Conversely, Mauritian equities dropped 2.13%, the most on the continent. Due to the Eid al-Adha […]
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