(NAIROBI, KENYA) – Britam Holdings has cleared accumulated losses of KES 5.87 billion ($45.7 million / £35.6 million) from its balance sheet, opening the way for the resumption of dividend payments after a six year pause. The Nairobi Securities Exchange listed insurer said the reduction became effective on 7th SeptemberContinue Reading
(NAIROBI, KENYA) – Old Mutual Holdings net profit rose to KES 882 million (about $6.7 million / £5.3 million / €6.2 million) in the half year to June 2026, exceeding its 2025 full year earnings in six months, driven by the benefits of disposing of underpriced medical customer accounts. UnderpricedContinue Reading
(NAIROBI, KENYA) – Absa Bank Kenya and Co-operative Bank of Kenya recorded the highest pre-tax earnings from bancassurance among listed lenders in the first half of 2026, as banks increased their push into insurance distribution to diversify income beyond lending. Disclosures show Absa generated KES 1.1 billion (about $8.4 millionContinue Reading
(NAIROBI, KENYA) – Liberty Kenya Holdings has reported a 46 percent fall in net profit from continuing operations for the six months to June 2026, weighed down by reduced investment income even as the insurance business recorded stronger results. Net earnings from continuing operations stood at KES231 million ($1.6 millionContinue Reading
(NAIROBI, KENYA) – Lamu Governor Issa Abdalla Issa Timamy is part of a group of investors set to buy majority stakes in two insurance firms from South Africa’s Absa Group. Regulatory filings and court documents show the governor is a director and shareholder of First Assurance Investments Limited, the vehicleContinue Reading
(NAIROBI, KENYA) – Sanlam Allianz Holdings Kenya has posted a net profit of KES 124.6 million for the half year ended June. The figure is equal to about $770,000 or £606,000. Earnings nearly quadrupled from the same period last year when the company incurred one off costs linked to businessContinue Reading
(NAIROBI, KENYA) – Absa Group has signed an agreement to sell its majority shareholding in two Kenyan insurance companies to First Assurance Investments Limited, a company linked to Prime Cabinet Secretary Musalia Mudavadi. The South African banking group announced the sale and purchase agreement on Thursday evening. The deal coversContinue Reading
(KYIV, UKRAINE) – The total number of non-bank financial institutions in Ukraine fell by 11 companies during July 2026 to stand at 727, while the number of banks remained unchanged at 59, according to data released by the National Bank of Ukraine. The central bank said it had cancelled allContinue Reading
(LONDON, UK) – Global oil prices steadied near a more than one week high on Tuesday as hopes faded for a swift agreement between the United States and Iran to end hostilities and reopen the Strait of Hormuz to full commercial shipping. At current rates, Brent crude at 87.62 dollarsContinue Reading
(Nairobi, Kenya) – Gross premium income for Kenya’s life insurance sector surged by 36.3 percent in the first quarter of 2026, driven mainly by a sharp increase in retirement savings channelled through private schemes from the National Social Security Fund. Data from the Insurance Regulatory Authority shows the industry collectedContinue Reading
