Absa Life Assurance Kenya net profit grows 84% to KES 245 million

Absa Life Assurance Kenya (Absa Life), a subsidiary of Absa Group Limited, has recorded an 84% growth in profit after tax to KES 245 million for the period ended December 31, 2021, driven by strong growth in premiums. For the period, Absa Life’s gross written premium of KES 5.5 billion was 45% higher, on the account of business from the Government scheme, Education policy and growing Corporate Business.   Assets grew from KES 6 billion in 2020 to KES 7.6 billion in 2021, a 25% increase. The largest increase was in investments closing at KES 5.9 billion from KES 4.6 … Continue reading Absa Life Assurance Kenya net profit grows 84% to KES 245 million

KRU risks losing Ksh 2bn in equity investments due to actions of rogue agent

Kenya Rugby Union (KRU) risks losing Ksh2.127 billion in equity financing. In a cautionary statement sent to 270 Degrees Sports Marketing & Consultancy Limited, the Agency appointed by Kenya Rugby Union to source for strategic equity investors, the lead arranger – Benchmark Solutions Limited, with the backing from a consortium of investors, has warned that KRU fundraising effort was being jeopardized by its appointed Agent, whose representative has resorted to slanders and blackmails for personal and financial gains. “As you are fully aware, This Kes. 2.127 billion investment is part of a $500M Master Investment intended by The Consortium of Policy Banks, Commercial Banks … Continue reading KRU risks losing Ksh 2bn in equity investments due to actions of rogue agent

Emirates launches customer platform for personalized Dubai itineraries

Emirates has launched Dubai Experience, its powerful and intuitive platform for Kenyan customers to easily browse, create and book their own customised itineraries including flights, hotel stay, visits to key attractions, and other dining and leisure experiences in Dubai and the … Continue reading Emirates launches customer platform for personalized Dubai itineraries