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Jubilee, Co-op Bank named top dealmakers in East Africa businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.
Jubilee Insurance/Allianz Strategic Partnership Now East Africa Deal Of the Year 2020 sokodirectory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sokodirectory.com Daily Mail and Mail on Sunday newspapers.
Buyout rebrands give corporate Kenya new look Wednesday January 06 2021 By KEVIN ROTICH Summary Recent rebrands in Kenya that have followed mergers and acquisitions include Barclays Kenya to Absa Kenya, KenolKobil/Gulf Energy to Rubis Énergie, Jamii Bora to Kingdom Bank, Transnational to Access Bank Kenya and NIC/CBA to NCBA. Rubis Energy Kenya managing director Jean-Christian Bergeron said their rebrand was informed by a study that shows that their customers preferred the companies shift to Rubis as it had an international appeal. Initially, the firm had indicated that it was willing to retain the KenolKobil brand name in the Kenya market. ....
THE STANDARD By Dominic Omondi | December 18th 2020 at 00:00:00 GMT +0300
Jubilee Holdings Group Chairman Nizar Juma and Company Secretary Margaret Kipchumba during an annual general meeting yesterday. [Courtesy] Jubilee Holdings shareholders yesterday approved a long-term strategic partnership with Allianz SE in five countries. The deal will see the German insurer gain a stake in Jubilee’s short-term general insurance businesses in Kenya, Uganda, Tanzania and its short-term general and medical insurance business in Burundi and Mauritius. Allianz will become a co-shareholder in five companies that are currently, or to be established, subsidiaries of Jubilee by purchasing controlling interests of between 51 per cent and 66 per cent, in which Jubilee Holdings will remain a significant minority shareholder. ....
Jubilee shareholders agree sale of stake in subsidiaries Wednesday December 16 2020 Jubilee Holdings Limited Regional CEO Julius Kipngetich and Chairman Nizar Juma during the annual general meeting at Jubilee Centre in Nairobi on December 15, 2020. PHOTO | SALATON NJAU | NMG By PATRICK ALUSHULA Summary Jubilee Holdings #ticker;JUB shareholders on Tuesday approved the sale of majority stakes in regional general insurance subsidiaries to German conglomerate Allianz SE. The shareholder approval was made during a virtual annual general meeting that also confirmed the payment of Sh652.3 million dividend payout for the 2019 performance. Shareholders were paid the final dividend on July 24 before the AGM due to the State ban on large physical gatherings that scuttled AGMs. ....