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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,…

Nairobi: KenGen picks first woman CEO

The Board of Kenya Electricity Generating Company (KenGen) has appointed the Company Secretary and Legal Affairs Director, Mrs. Rebecca Miano, as Acting Managing Director and chief executive following the retirement of Albert Mugo.…

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