text: XUGA_NIC – MONEYINAFRICA
  Tag: XUGA_NIC
  NATIONAL Insurance Corporation (NIC) pre-tax profit has more than doubled, being pushed up mainly by proceedings from the general insurance portfolio. NIC, the state-owned insurance firm, said in its financial statement that the pre-tax profit jumped from 33.65bn/- realized for a year ending June 2020 to 73.1bn/- of last June. The general insurance raked in […]
  Kenya's third Central Bank of Kenya governor Philip Ndegwa died on January 7, 1996, leaving behind multi-billion wealth he had accumulated for over 30 years The former PS who served in the Ministries of Agriculture, Finance and Planning co-founded First Chartered Securities alongside other 20 civil servants in 1974 The Ndegwa family owns an 80% […]
  Nairobi Stock Exchange March 28, 2022 Curated Content 0 Comments
  The families of Jomo Kenyatta, former Central Bank of Kenya Governor Philip Ndegwa and Equity Group chief executive James Mwangi will pocket Sh1.62 billion in the wake of record banking profits that have delivered outsize shareholder payouts. The Kenyattas lead the pack with a payout of Sh652.5 million from their 13.2 percent stake in NCBA […]
  Uganda Stock Exchange March 24, 2022March 24, 2022 Curated Content 0 Comments
  …. Ecobank, Afriland First Bank implore Court 'C' Judge Ciapha Carey of Criminal Court 'C' has approved Ecobank Liberia and Afriland First Bank request to appear in court without a criminal appearance bond while answering the government's charge of economic sabotage, theft of property, forgery, and criminal conspiracy. The banks, in their request for bond […]