Jubilee Holdings #ticker:JUB is preparing to buy back its own shares, giving it an option to repurchase the stock when it is trading below its fair value. The insurer has asked shareholders to amend its articles of association to authorise the unique transactions in the future. Nation Media Group #ticker:NMG is the first Nairobi Securities […]
DAR ES SALAAM Stock Exchange (DSE) recorded positive price movements that helped to spark rally in stocks in May but failed to increase the market turnover. The bourse, according to Zan Securities’ Market Monthly Outlook, saw nine counters registering price gain against seven in April while two counters registered price drop. Zan Securities said in […]
Jubilee Holdings chairman Nizar Juma (seated) with the board of directors during the insurer’s 83rd AGM in Nairobi on June 29, 2021. PHOTO | DIANA NGILA | NMG Jubilee Holdings shareholders on Tuesday approved amendments to the company’s articles of association to enable it to buy back its own shares when trading below its fair […]
Nizar Juma Chairman Jubilee Holdings during the launch of Explorer health insurance at Serena yesterday photoKARUGA WA NJUGUNA Jubilee Holding is in the final stages to switch to name to Jubilee Allianz General Insurance in Uganda, Tanzania, Burundi and Mauritius. Speaking during the annual general meeting held in Nairobi, Jubilee Holdings Limited Group chairman, Nizar […]
Kenyan firms have continued to set their eyes on the landlocked Ethiopian market as the country continues to liberalize it’s markets as part of it’s economic development agenda. Firms such as Kengen, Equity, Jubilee Insurance among others are setting their eyes and commencing projects in the northern country’s market in a bid to support the […]
Kenya’s telecommunications giant, Safaricom was the top mover of the day at the Nairobi Securities Exchange (NSE) after selling 3.10 million shares with a market capitalization of 1.62 trillion shillings. Kenya Re-Insurance was the second top mover with 1.54 million shares and a market capitalization of 6.92 billion shillings followed by East Africa Breweries Limited […]
DAR ES SALAAM Stock Exchange (DSE) recorded positive price movements that helped to spark rally in stocks in May but failed to increase the market turnover. The bourse, according to Zan Securities’ Market Monthly Outlook, saw nine counters registering price gain against seven in April while two counters registered price drop. Zan Securities said in […]
Jubilee board chairman Nizar Juma. FILE PHOTO | NMG Jubilee Holdings says nearly a third of thousands of daily medical insurance claims it receives are tied to fraud, reinforcing the need to deepen investment in technology to avoid losses. The group, which owns Jubilee Health Insurance—a subsidiary for medical covers—says it has had to digitise […]
Jubilee Holdings chairman Nizar Juma (seated) with the board of directors during the insurer’s 83rd AGM in Nairobi on June 29, 2021. PHOTO | DIANA NGILA | NMG Jubilee Holdings shareholders on Tuesday approved amendments to the company’s articles of association to enable it to buy back its own shares when trading below its fair […]
The surrender value of the life insurance policies is held as collateral for loans on life policies. FILE | NMG Insurance customers last year tapped more loans on their life insurance policies and slowed down on repayments as they sought to avoid surrendering their covers to raise funds. Data on four out of the five […]
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