Johannesburg- Santam has tapped Tavaziva Madzinga as the new CEO, replacing Lizé Lambrechts. Madzinga will take over the helm at Santam from July next year. He was poached from Britam Holdings, a diversified investment business listed on the Nairobi Securities Exchange. “Tavaziva is a qualified actuary who has worked in the insurance and broader financial […]
Tag: XNAI_BRIT
Kenya insurer Britam says CEO Madzinga to exit in April amid overhaul
NAIROBI, Nov 26 (Reuters) – Kenyan insurance firm Britam Holdings BRIT.NR said on Friday that CEO Tavaziva Madzinga would leave in April next year, adding that finance director Charles Njuguna had been appointed as deputy chief executive to facilitate a transition. The insurance group did not say whether Njuguna would succeed Madzinga, a former Old […]
Britam CEO quits after 10 months in shake-up
Insurance Group Britam Holdings #ticker:BRIT has announced the planned exit of its managing director, Tavaziva Madzinga, after just 10 months in office in its latest executive shake-up. Mr Madzinga will officially leave Britam in April 2022, giving the company enough time to find his replacement. The insurer has also announced the appointment of Charles Njuguna […]
Britam CEO quits after 10 months in shake-up
Insurance Group Britam Holdings #ticker:BRIT has announced the planned exit of its managing director, Tavaziva Madzinga, after just 10 months in office in its latest executive shake-up. Mr Madzinga will officially leave Britam in April 2022, giving the company enough time to find his replacement. The insurer has also announced the appointment of Charles Njuguna […]
Investors use half of NSE shares to secure bank loans
Retail investors on the Nairobi Securities Exchange (NSE) have used 52.4 percent of their shares to secure bank loans, indicating that less than half of small investors’ portfolio represent actual wealth. A report by the Capital Markets Authority (CMA) shows that individuals pledged a total of 6.52 billion shares in the quarter ended September, up […]
Lobbies query World Bank’s interest in EA pipeline
Workers undertake the first flaring test in Hoima district in western Uganda. An oil pipeline will be built from there to Tanga. PHOTO | REUTERS The petitioners, led by Inclusive Development International, accuse the World Bank of giving “backdoor support” to the infrastructure project that will transport crude from Hoima in Uganda to the international […]
Investors use half of NSE shares to secure bank loans
Retail investors on the Nairobi Securities Exchange (NSE) have used 52.4 percent of their shares to secure bank loans, indicating that less than half of small investors’ portfolio represent actual wealth. A report by the Capital Markets Authority (CMA) shows that individuals pledged a total of 6.52 billion shares in the quarter ended September, up […]
Only 12 listed firms on NSE have investor relations officers
An electronic board displaying market data. The investor relations department’s role revolves around how a company communicates with investors, shareholders, government authorities, and the financial community. PHOTO | FILE | NMG Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that […]
Only 12 listed firms on Kenya’s NSE have investor relations officers
Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that only 12 firms out of the 66 listed operate the department. These are Equity Bank, Stanbic Bank, Co-operative Bank, Safaricom, Centum, KCB, Kenya Airways, Kenya Electricity Generating Company (Kengen), Britam Holdings […]
Only 12 listed firms on NSE have investor relations officers
An electronic board displaying market data. The investor relations department’s role revolves around how a company communicates with investors, shareholders, government authorities, and the financial community. PHOTO | FILE | NMG Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that […]