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Deacons EA net loss widens to Sh180.4m

Fashion retailer Deacons East Africa has announced a net loss after tax of Sh180.4million for the first half of financial year 2017, widening from Sh52.6million the retailer reported in 2016. During the period under review, the firm’s…

Lagos: Allianz acquires Nigeria’s Ensure

Allianz Group announced today a binding agreement to acquire 98 percent of Nigerian insurer Ensure Insurance Plc. from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance Plc. offers life and non-life insurance…

Nairobi: Stanchart profit hits Kes4.98Bn

Standard Chartered Tuesday announced a pre-tax profit of Kes 4.98 billion for the first half of 2017 buoyed by extensive innovation. The Bank said the 33 per cent drop, year-on-year, reflects the effects of the Banking (Amendment) Act,…

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