Stock Market INDICES had mixed signals during the week that ended on 10th July 2020, as the Tanzania Share Index (TSI) climbed while the All Share Index (DSEI) followed an opposite path. The TSI gained 4.97 points following a gain on the CRDB counter. The TSI closed the week at 3,466.81 points after a 0.14 […]
Eaagads was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 10.00 percent at the price of 9.90 shillings per share, followed by Trans-Century with 9.32 percent at the price of 1.76 shillings per share. I & M Holdings, the East African Cables, and Uchumi Supermarket gained 3.87, 3.17, […]
Eaagads was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 10.00 percent at the price of 9.90 shillings per share, followed by Trans-Century with 9.32 percent at the price of 1.76 shillings per share. I & M Holdings, the East African Cables, and Uchumi Supermarket gained 3.87, 3.17, […]
Regional insurer Jubilee Holdings Limited (JHL) has acquired an additional 9.44 percent stake in Bujagali Energy Ltd (BEL), increasing its shareholding in the Ugandan-based firm to 18.24 percent from 8.8 percent. The shares valued at $40 million were held by the technical partners SN Power. SN Power, which remains with an economic majority of 55.45 […]
NAIROBI, Kenya, Jul 3 – Jubilee Holdings Limited (JHL) has purchased a further 9.44 percent interest in Bujagali’s equity from the technical partners SN Power for a consideration of US$ 40 million (Sh4.2 billion). This transaction increases JHL’s shareholding in Bujagali Energy Limited (BEL), the special purpose company that owns the 250MW Bujagali Hydropower Project […]
Nairobi — Jubilee Holdings has posted a reduced profit of Sh4.02 billion for the 2019 financial year, down from Sh4.13 billion posted the previous year. In a statement, the company attributed the reduction to lower insurance results of Sh2.63 billion compared to Sh2.89 billion in 2018 and a lower share of profits from investments in […]
Home & Away ?A significant drop in the value of properties has seen companies write-down on major investments in the property portfolio. Insurance firms that have invested billions of shillings in the property market are counting losses owing to the low returns from the sector and lack of tenants to take up the huge empty […]
Home & Away ?A significant drop in the value of properties has seen companies write-down on major investments in the property portfolio. Insurance firms that have invested billions of shillings in the property market are counting losses owing to the low returns from the sector and lack of tenants to take up the huge empty […]
Jubilee Holdings Chairman Nizar Juma . [File, Standard] Business News The firm said profit after tax dropped to Sh4.02 billion from Sh4.13 billion in 2018 Regional insurer Jubilee Holdings has announced a marginal drop in net profit for 2019. The firm said profit after tax dropped to Sh4.02 billion from Sh4.13 billion in 2018. This […]
Jubilee Holdings Limited, East Africa’s largest insurance group, has reported a 9.9 per cent growth in the Financial Year 2018/2019. The company, with operations in Uganda, Kenya and Tanzania, saw its insurance premiums increase from Ksh34.75 billion (Shs1.2 trillion) to Ksh38.19 billion (Shs1.3 trillion). The statistics released by the board yesterday point to a rise […]
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