Kampuni ya Kenya yaingia DRC kwa kishindo, na pia yapania Ethiopia

[MK254]

Jubilee Insurance has today announced its entry into the Democratic Republic of Congo (DRC) market with its medical insurance cover, signaling its regional expansion that will see it enter into Ethiopia later next year, even as it saw its first half 2016 profits grow by 10 per cent.

Jubilee Holdings Chairman Mr Nizar Juma, while announcing the insurance first half 2016 results said that the entry into the Kinshasa market is in line with its target to cover 5.5 million customers over the next five years and they are awaiting regulatory approvals before venturing into Ethiopia.

The company’s half year results saw its Group’s profit before tax grow by 10.2 per cent to Ksh$19.7 million over last year. The region’s leading Insurer saw its Gross Written Premium (GWP) grow by 6.8 percent to $171.8 million.

Jubilee recorded increased growth in investments by 30 per cent, Life business by 27.8 per cent, General business by 8 per cent and Medical segment by 6.1 per cent.

The insurer asset base at the end of the financial year was $876 million, the highest in the insurance sector that is a 6.3 per cent growth compared to the end of 2015.

Settling claims

“Jubilee Holdings claims payment grew by 17.6 per cent to $70 million. The ability of an insurance company to pay claims fast, irrespective of the amount is what makes an Insurance firm reliable. We are always happy to be at the forefront in settling customers’ claims, giving them the peace of mind. This is amply demonstrated by Jubilee winning the major loss award at the Think Business Insurance Awards amongst 12 significant awards won this year,” Juma said.

The firm also said it was increasing its investments by an additional $55 million in Uganda’s 250-megawatt Bujagali hydro-electric power project which is an additional 8.8 per cent to the project, where it has a joint 30-year concession deal to operate the plant that provides 40 per cent of Uganda’s power.

Jubilee has major investments in SEACOM, the first broadband submarine cable system covering over 15,000kms from South Africa to France.

"Projects like Bujagali and SEACOM provides us with guaranteed income in USD terms which give Jubilee the future stability it need. We have also increased our investments in the bond market and reduced investments in the equity markets," Mr Juma said.

http://www.theeastafrican.co.ke/bus...rs-DRC-market/2560-3363880-vrh9urz/index.html

 

[Kafrican]

Ambayo imenishangaza ni hii campuni ya ku insure other insurers, iko ndani ya nchi 62 za africa,asia na m.east tena serikali inamiliki 60% directly kupitia wizara ya fedha


Claims from twin earthquakes in Nepal on April 25 and May 12 last year ate into the Kenya Reinsurance Corporation's half-year profit through June, the firm reported yesterday.
The East and Central Africa's largest reinsurer – with presence in 62 countries in Africa, Asia and Middle East – said it was among the risk-takers hardest hit by the catastrophes.
Kenya Re, owned 60 per cent by the state, said it has paid about Sh450 million in claims so far.
The impact was felt on its half-year net profit, which rose by marginal 4.13 per cent to Sh1.56 billion compared to the same period last year.
Managing director Jadiah Mwarania told an investor briefing in Nairobi that insurance firms cede any claim over and above Sh50 million in such a catastrophe to a reinsurer.
“The Nepal loss went way, way beyond the Sh50 million. So far, we have paid about Sh450 million,” Mwarania said.
Net claims and benefits to policyholders consequently rose 30.99 per cent to Sh3.55 billion.
Kenya Re's net earnings from premiums in the January-June period rose 19.34 per cent to Sh6.48 billion, it reported in an unaudited financial statement.
Income from investments – mainly from government securities, rental and term deposits – climbed 20.28 per cent to Sh1.72 billion from Sh1.43 billion the year before.
The publicly traded reinsurer increased investment into government securities last year to 35 per cent of its portfolio from 30 per cent in 2014, and in quoted equities to 30 per cent from 28 per cent.
It, however, cut its holding in fixed bank deposits to 23 per cent from 26 per cent of its portfolio, hinting at growing the share in light of the amended law. The new Act requires banks to pay a minimum 70 per cent of base rate set by the Central Bank on term deposits.
“Last year we reduced because banks were offering less interest rates (on deposit) than we were getting from Treasury bills and bonds,” Mwarania said. “With capping of interest rates at 14.5 per cent ...(and) because investment is a continuous process, we have to relook at where the highest return is and then shift the resources accordingly.”
The company has set a target of Sh100 million in new business this year from its Lusaka (Zambia) subsidiary, which it opened last December.
“We will continue to assess how much we achieve this year, but the objective is the office to maintain the business that we have and grow new business at a given target,” the CEO said.Nepal’s earthquakes hurt Kenya Re profits

 

[collinss]

Ambayo imenishangaza ni hii campuni ya ku insure other insurers, iko ndani ya nchi 62 za africa,asia na m.east tena serikali inamiliki 60% directly kupitia wizara ya fedha


Claims from twin earthquakes in Nepal on April 25 and May 12 last year ate into the Kenya Reinsurance Corporation's half-year profit through June, the firm reported yesterday.
The East and Central Africa's largest reinsurer – with presence in 62 countries in Africa, Asia and Middle East – said it was among the risk-takers hardest hit by the catastrophes.
Kenya Re, owned 60 per cent by the state, said it has paid about Sh450 million in claims so far.
The impact was felt on its half-year net profit, which rose by marginal 4.13 per cent to Sh1.56 billion compared to the same period last year.
Managing director Jadiah Mwarania told an investor briefing in Nairobi that insurance firms cede any claim over and above Sh50 million in such a catastrophe to a reinsurer.
“The Nepal loss went way, way beyond the Sh50 million. So far, we have paid about Sh450 million,” Mwarania said.
Net claims and benefits to policyholders consequently rose 30.99 per cent to Sh3.55 billion.
Kenya Re's net earnings from premiums in the January-June period rose 19.34 per cent to Sh6.48 billion, it reported in an unaudited financial statement.
Income from investments – mainly from government securities, rental and term deposits – climbed 20.28 per cent to Sh1.72 billion from Sh1.43 billion the year before.
The publicly traded reinsurer increased investment into government securities last year to 35 per cent of its portfolio from 30 per cent in 2014, and in quoted equities to 30 per cent from 28 per cent.
It, however, cut its holding in fixed bank deposits to 23 per cent from 26 per cent of its portfolio, hinting at growing the share in light of the amended law. The new Act requires banks to pay a minimum 70 per cent of base rate set by the Central Bank on term deposits.
“Last year we reduced because banks were offering less interest rates (on deposit) than we were getting from Treasury bills and bonds,” Mwarania said. “With capping of interest rates at 14.5 per cent ...(and) because investment is a continuous process, we have to relook at where the highest return is and then shift the resources accordingly.”
The company has set a target of Sh100 million in new business this year from its Lusaka (Zambia) subsidiary, which it opened last December.
“We will continue to assess how much we achieve this year, but the objective is the office to maintain the business that we have and grow new business at a given target,” the CEO said.Nepal’s earthquakes hurt Kenya Re profits

Adonbilivit. I mean, companies under control of the state are always a mess.
Good one though.

 

[nomasana]

Ambayo imenishangaza ni hii campuni ya ku insure other insurers, iko ndani ya nchi 62 za africa,asia na m.east tena serikali inamiliki 60% directly kupitia wizara ya fedha


Claims from twin earthquakes in Nepal on April 25 and May 12 last year ate into the Kenya Reinsurance Corporation's half-year profit through June, the firm reported yesterday.
The East and Central Africa's largest reinsurer – with presence in 62 countries in Africa, Asia and Middle East – said it was among the risk-takers hardest hit by the catastrophes.
Kenya Re, owned 60 per cent by the state, said it has paid about Sh450 million in claims so far.
The impact was felt on its half-year net profit, which rose by marginal 4.13 per cent to Sh1.56 billion compared to the same period last year.

ke-re is one of those companies that flies under the radar but it is a behemoth with no equal in the region. it is just further proof that kenya is economically the big boss in the region. a fact that Tanzanians hilariously struggle to come to terms with it

 

[tutafikatu]

Jubilee Insurance ni kampuni ya Kenya kwa asilimia ngapi mkuu?

 

[Sammuel999]

Jubilee Insurance ni kampuni ya Kenya kwa asilimia ngapi mkuu?

Jubilee Insurance Company Limited
Jubilee Insurance Company Limited
Type Private
Industry Financial Services
Founded 1937
Headquarters Nairobi , Kenya
Key people Nizar N. Juma
Chairman
Patrick Tumbo Nyamemba
Managing Director &
CEO
Products Insurance
Total assets US$ 812 million (2014).
[1]
Website Homepage


Jubilee Insurance Company Limited (JICL) , commonly referred to as
Jubilee Insurance, is an insurance company in Kenya, the largest economy in the East African Community . It is a wholly owned subsidiary of Jubilee Holdings Limited , a multinational insurance holding company, which maintains its headquarters in Nairobi , the capital of Kenya, with subsidiaries in Burundi, Kenya, Mauritius, Tanzania, Uganda and Pakistan, with plans to expand on the African continent.[2]
History
Jubilee Insurance was incorporated as a Kenyan financial services provider with headquarters in the coastal city of
Mombasa . The company prospered and over the years, opened offices in other East African cities and towns, including Nairobi, Dar-es-Salaam and
Kampala . The company also opened branches in the Indian city of Bombay and Karachi , Pakistan. On the Indian Ocean islands of Mauritius and
Zanzibar . The company's parent,
Jubilee Holdings Limited , was listed on the Nairobi Stock Exchange (NSE) in 1973, where it trades under the symbol JUB . Its sister company in Pakistan is listed on the Karachi Stock Exchange under the symbol NJICL .

 

[jogi]

ke-re is one of those companies that flies under the radar but it is a behemoth with no equal in the region. it is just further proof that kenya is economically the big boss in the region. a fact that Tanzanians hilariously struggle to come to terms with it

Hii mineno mbofumbofu ndio inachochea chuki,
"the big boss" we will create our own boss soon.

 

[game over]

ke-re is one of those companies that flies under the radar but it is a behemoth with no equal in the region. it is just further proof that kenya is economically the big boss in the region. a fact that Tanzanians hilariously struggle to come to terms with it

...a reason why many tz's don't like Kenyans. Because many of you lack proper communication manners.

 

[Barbarosa]

Jubilee Insurance has today announced its entry into the Democratic Republic of Congo (DRC) market with its medical insurance cover, signaling its regional expansion that will see it enter into Ethiopia later next year, even as it saw its first half 2016 profits grow by 10 per cent.

Jubilee Holdings Chairman Mr Nizar Juma, while announcing the insurance first half 2016 results said that the entry into the Kinshasa market is in line with its target to cover 5.5 million customers over the next five years and they are awaiting regulatory approvals before venturing into Ethiopia.

The company’s half year results saw its Group’s profit before tax grow by 10.2 per cent to Ksh$19.7 million over last year. The region’s leading Insurer saw its Gross Written Premium (GWP) grow by 6.8 percent to $171.8 million.

Jubilee recorded increased growth in investments by 30 per cent, Life business by 27.8 per cent, General business by 8 per cent and Medical segment by 6.1 per cent.

The insurer asset base at the end of the financial year was $876 million, the highest in the insurance sector that is a 6.3 per cent growth compared to the end of 2015.

Settling claims

“Jubilee Holdings claims payment grew by 17.6 per cent to $70 million. The ability of an insurance company to pay claims fast, irrespective of the amount is what makes an Insurance firm reliable. We are always happy to be at the forefront in settling customers’ claims, giving them the peace of mind. This is amply demonstrated by Jubilee winning the major loss award at the Think Business Insurance Awards amongst 12 significant awards won this year,” Juma said.

The firm also said it was increasing its investments by an additional $55 million in Uganda’s 250-megawatt Bujagali hydro-electric power project which is an additional 8.8 per cent to the project, where it has a joint 30-year concession deal to operate the plant that provides 40 per cent of Uganda’s power.

Jubilee has major investments in SEACOM, the first broadband submarine cable system covering over 15,000kms from South Africa to France.

"Projects like Bujagali and SEACOM provides us with guaranteed income in USD terms which give Jubilee the future stability it need. We have also increased our investments in the bond market and reduced investments in the equity markets," Mr Juma said.

Jubilee posts $19.7 million half year profit, enters DRC market

Indian/Arab owned!​

 

[Mbekenga]

ke-re is one of those companies that flies under the radar but it is a behemoth with no equal in the region. it is just further proof that kenya is economically the big boss in the region. a fact that Tanzanians hilariously struggle to come to terms with it

Njoo huku Terat tuwape ardhi mlime mahindi nasikia mmeishiwa na Serikali ya Tz imefunga mipaka.

 

[Ugali Saucer]

Njoo huku Terat tuwape ardhi mlime mahindi nasikia mmeishiwa na Serikali ya Tz imefunga mipaka.

aii jameni...wimbo mnaojua tu ni mahindi na Alshabab..... ndo maana hata National Anthem hamna ile ambayo mnayo ni ya kuagiza kwa mkopo kutoka SA.

 

[chongchung]

Jubilee Insurance Company Limited
Jubilee Insurance Company Limited
Type Private
Industry Financial Services
Founded 1937
Headquarters Nairobi , Kenya
Key people Nizar N. Juma
Chairman
Patrick Tumbo Nyamemba
Managing Director &
CEO
Products Insurance
Total assets US$ 812 million (2014).
[1]
Website Homepage


Jubilee Insurance Company Limited (JICL) , commonly referred to as
Jubilee Insurance, is an insurance company in Kenya, the largest economy in the East African Community . It is a wholly owned subsidiary of Jubilee Holdings Limited , a multinational insurance holding company, which maintains its headquarters in Nairobi , the capital of Kenya, with subsidiaries in Burundi, Kenya, Mauritius, Tanzania, Uganda and Pakistan, with plans to expand on the African continent.[2]
History
Jubilee Insurance was incorporated as a Kenyan financial services provider with headquarters in the coastal city of
Mombasa . The company prospered and over the years, opened offices in other East African cities and towns, including Nairobi, Dar-es-Salaam and
Kampala . The company also opened branches in the Indian city of Bombay and Karachi , Pakistan. On the Indian Ocean islands of Mauritius and
Zanzibar . The company's parent,
Jubilee Holdings Limited , was listed on the Nairobi Stock Exchange (NSE) in 1973, where it trades under the symbol JUB . Its sister company in Pakistan is listed on the Karachi Stock Exchange under the symbol NJICL .

Kumbe ya muhindi.

 

[chongchung]

aii jameni...wimbo mnaojua tu ni mahindi na Alshabab..... ndo maana hata National Anthem hamna ile ambayo mnayo ni ya kuagiza kwa mkopo kutoka SA.

National anthems za mataifa zaidi ya 40 hazijaandikwa na indigenous citizens punguza ulimbukeni kijana.

 

[libeva]

aii jameni...wimbo mnaojua tu ni mahindi na Alshabab..... ndo maana hata National Anthem hamna ile ambayo mnayo ni ya kuagiza kwa mkopo kutoka SA.

Nakumbuka Obama alipo shinda urais USA Wakenya mliongea maneno mbofu mbofu mkajua USA itaibeba Kenya mgongoni kumbe patupu Obama huyoo anang'atuka hamna kitu alicho wafanyia yupo busy na nyanyayake.

 

[nomasana]

...a reason why many tz's don't like Kenyans. Because many of you lack proper communication manners.

You got a problem with the truth? It is a fact that Kenya is the biggest economy in the EAC. It is a fact that for the most part Kenyan companies have no equal in the EAC.

If you got a problem with them facts then go in to a nakumatt in daresalaam buy a Kenyan made razorblade, buy a Kenyan made hammer crush the razorblade and buy Kenyan bottled water and swallow the contents.

You people got some severe inferiority complex

 

[Ugali Saucer]

National anthems za mataifa zaidi ya 40 hazijaandikwa na indigenous citizens punguza ulimbukeni kijana.

bwege wewe hauelewi unachosema, ni anthem ngapi duniani umeskia zinafana isipokuwa hiyo yenyu mlio copy toka SA. sitaki kujua kama iliandikwa na foreigners, taja ngapi umeskia. pthuuu!!!

 

[chongchung]

bwege wewe hauelewi unachosema, ni anthem ngapi duniani umeskia zinafana isipokuwa hiyo yenyu mlio copy toka SA. sitaki kujua kama iliandikwa na foreigners, taja ngapi umeskia. pthuuu!!!

Heee stop mungiking me sio ugomvi aisee
Have mercy on your keyboard
Povu karai.

 

[chongchung]

bwege wewe hauelewi unachosema, ni anthem ngapi duniani umeskia zinafana isipokuwa hiyo yenyu mlio copy toka SA. sitaki kujua kama iliandikwa na foreigners, taja ngapi umeskia. pthuuu!!!

Kwa taarifa yako ndogo tu kama hujui au ni bongolala Mungu Ibariki Afrika has been used by African countries such as Zimbabwe, Ciskei and Transkei adopted "Nkosi Sikelel' Afrika", in parts, as their national anthems. South Africa where the song comes from use only some of the words, Zambia uses only the tune and other countries abandoned it.

 

[Ugali Saucer]

Kwa taarifa yako ndogo tu kama hujui au ni bongolala Mungu Ibariki Afrika has been used by African countries such as Zimbabwe, Ciskei and Transkei adopted "Nkosi Sikelel' Afrika", in parts, as their national anthems. South Africa where the song comes from use only some of the words, Zambia uses only the tune and other countries abandoned it.

Boss! hamna jipya unalosema, uzi kuhusu Tz kukosa national anthem ulikuwa hapa; historia ya wimbo huo iliwekwa hapa na ikawa wazi kuwa nyie mlichapa photocopy tu .....alafu jiulize mbona hao wengine waka abandon???
Anyway back to the agenda; jambo linalo nikera ni kwamba kila wakati mkibanwa kwenye mijadala mnalia Alshabab, njaa, kibera. If you want to have a constructive argument, stop the pettiness of a woman on periods and discuss the issue at hand objectively.