Nizar Juma Chairman Jubilee Holdings during the launch of Explorer health insurance at Serena yesterday photoKARUGA WA NJUGUNA Jubilee Holdings Limited (JHL) profits have fallen for the second successive year mainly on poor earnings from the loss-making non-life insurance segment. According to the firm’s full-year results released on Friday, profits for the year ended December […]
General business grew by 6 percent to Sh11.48 billion, however with an underwriting loss of Sh480 million./COURTESY NAIROBI, Kenya, May 21 – 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 […]
Dar es Salaam — Tanzania has produced two companies on the list of Africa’s 100 most valuable firms. South Africa-based African Business disclosed in a ranking of the continent’s top 250 firms that TBL Plc and Vodacom Tanzania Plc are the two most valuable firms in the country. At the continental level, TBL Plc has […]
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 […]
Jubilee Holdings chairman Nizar Juma. FILE PHOTO | NMG Jubilee Insurance has kept dividend unchanged despite a marginal 2.6 percent drop in net profit to Sh4 billion in the year to December. The profit dropped from Sh4.12 billion on higher claim settlements and a lower return from associates. The insurer announced Sh8 dividend, keeping its […]
Join CIO East Africa, on the 19th May 2020, at 3.00 PM EAT for a webinar to deliberate on ‘The Future of Insurance in the Face of Digital Transformation’. As experts note, the insurance sector has had its fair share of wins and losses in the recent years due to low insurance penetration and fraud, […]
Dar es Salaam. Market capitalisation at the Dar es Salaam Stock Exchange (DSE) rallied during the first day of trading this week as investors cheered announced divi-dend proposals and a further easing of lockdowns in some countries. The Dar es Salaam bourse opened the week with a market capitalisa-tion of Sh15.04 trillion on Monday, a […]
Dar es Salaam Stock Exchange all shares index (DSEI) closed last week green after gained by 20.91 per cent to 2,362.08 points higher than 2,341.17 points recorded a day before. The increase of the DSEI caused by gains of share prices among cross listed companies include East African Breweries Limited, KCB Bank, East African Breweries […]
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