Jubilee Holdings Chairman Nizar Juma. FILE PHOTO | NMG Jubilee Holdings #ticker:JUB half-year net profit unchanged at Sh1.8 billion, defying a trend where insurers have posted losses or drop in profits in the wake of Covid-19. The regional underwriter said the stable performance was due to improved insurance underwriting results from all of its operations […]
(Bloomberg) — Seacom Ltd. will more than double the capacity on its fiber optic network by the end of August as demand for broadband grows across Africa. The continent’s first broadband submarine cable system operator will add 1.7 terabits per second to its network, bringing its total capacity to 3.2 terabits a second along Africa’s […]
Seacom Ltd. will more than double the capacity on its fiber optic network by the end of August as demand for broadband grows across Africa. The continent’s first broadband submarine cable system operator will add 1.7 terabits per second to its network, bringing its total capacity to 3.2 terabits a second along Africa’s Eastern and […]
(Bloomberg) — Seacom Ltd. will more than double the capacity on its fiber optic network by the end of August as demand for broadband grows across Africa. The continent’s first broadband submarine cable system operator will add 1.7 terabits per second to its network, bringing its total capacity to 3.2 terabits a second along Africa’s […]
An international development agency run by the Aga Khan has applied for regulatory permission to buy 100% of Seacom, the subsea cable that links the east coast of Africa to India and Egypt. The Aga Khan Fund for Economic Development (Akfed) has applied to the Competition Commission of the Common Market for Eastern and Southern […]
Jubilee Holdings Ltd has announced a total dividend of Sh652.3 million of Sh9 per share for the financial year ended December 2019. The firm will also release a final dividend payout of Sh579.8 million of Sh8 per share tomorrow. This is expected to offer relief to many shareholders who have borne the ravages of Covid-19. […]
Effects of Covid-19 scourge have seen a decrease in volume and value of mergers and acquisitions across Africa in the first half of this years, says a law firm. However, the company says recent partnerships of African countries with global economies should be cause for optimism as it is likely to brighten the continent’s prospects […]
By Frankline Sunday, The Standard The Aga Khan Fund for Economic Development (Akfed) has made a bid to fully acquire Africa’s premier fibre optic undersea cable firm, Seacom , in a move set to realign the regional broadband market. According to an inquiry notice from the Comesa Competition Commission, Akfed is seeking to acquire all […]
On Monday, Kakuzi emerged as the top gainer of the day at the Nairobi Securities Exchange (NSE) with 9.76 percent at the price of 360.00 shillings per share. Sasini Tea and Coffee, and Williamson Tea Kenya gained 6.75 and 4.56 percent at the price of 17.40 and 143.25 shillings per share respectively. Eveready East Africa […]
NAIROBI, Kenya, Jul 23 – Jubilee Holdings Limited has announced a total dividend of Sh652.3 million of Sh9 per share for the financial year ended December 2019. The final dividend payout of Sh579.8 Million of Sh8 per share, which will be released tomorrow, will be a pleasant relief to many shareholders who have borne the […]
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