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James Ndegwa exits CMA after six years

James Ndegwa exits CMA after six years Summary The tenure of billionaire businessman James Ndegwa at the Capital Markets Authority (CMA) has come to an end, bringing to a close his six-year term that was marked with conflict of interest accusations. Mr Ndegwa, who was first appointed to head the board in April 2015 and reappointed on March 28, 2018, announced his exit at the regulator at a closed virtual CMA forum on Tuesday. Friday April 16 2021 By BRIAN NGUGI Summary The tenure of billionaire businessman James Ndegwa at the Capital Markets Authority (CMA) has come to an end, bringing to a close his six-year term that was marked with conflict of interest accusations.

Jubilee bucks trend with Sh579 million dividend payment

Jubilee bucks trend with Sh579 million dividend payment Summary The Nairobi Securities Exchange-listed firm yesterday announced a 1.74 per cent growth in net profit for last year to Sh4.087 billion despite the Covid-19 disruptions that slowed businesses. The regional underwriter’s board has proposed a final dividend payout of Sh8 per share amounting to Sh579.78 million payable by end of July, bringing total payout for the year to Sh652.26 million. The insurer, which had paid a Sh72.47 million interim dividend last year, becomes the first listed underwriter to grow profits and pay a dividend. Friday April 16 2021 By PATRICK ALUSHULA Summary The Nairobi Securities Exchange-listed firm yesterday announced a 1.74 per cent growth in net profit for last year to Sh4.087 billion despite the Covid-19 disruptions that slowed businesses.

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