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 […]
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 […]
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 […]
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 #ticker;JUB shareholders on Tuesday approved the sale of majority stakes in regional general insurance subsidiaries to German conglomerate Allianz SE. The shareholder approval was made during a virtual annual general meeting that also confirmed the payment of Sh652.3 million dividend payout for the 2019 performance. Shareholders were paid the final dividend on July […]
(Ecofin Agency) – The shareholders of insurance group Jubilee Holdings approved on Dec 15 the sale of a majority stake between 51% and 66% in the group’s five African subsidiaries. The transaction covers Jubilee’s short-term general insurance businesses in Kenya, Tanzania, and Uganda and also the short-term general and medical insurance segments in Burundi and […]
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 […]
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 […]
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