CIC bounces back from Sh335m loss to net Sh259m half-year profit
Insurer credits growth in investment returns with turnaround. All key revenue lines show marked improvement.
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Insurer credits growth in investment returns with turnaround. All key revenue lines show marked improvement.
CIC Insurance Group posted a Sh259.5 million net profit in the half-year ended June, reversing a net loss of Sh335.5 million the year before.
CIC Group wins the Decade of Excellence Insurance Kenya 2021 Award Shares Insurance and investment firm, CIC Group, has been emerged top as the winner of the Decade of Excellence Insurance Kenya 2021 Award during the 2021 Global Banking and Finance Awards. The global awards reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the financial sector. Commenting on the global recognition, Patrick Nyaga, CIC Group CEO said, “We are proud to be recognized globally. This award echoes our continued commitment to our clients to provide world class ...
We didn’t favour public schools, says Education PS David Muchunguh The government has denied engaging in manipulation of KCPE results in favour of public primary schools, even as owners of private academies raised questions over the sudden dip in performance of their institutions. Private schools have for decades produced the bulk of top students in national exams, but public institutions turned the tables on them in last year’s Kenya Certificate of Primary Education (KCPE). The Early Learning and Basic Education principal secretary, Dr Julius Jwan, in an interview yester...
The country received 1.02 doses of Oxford/AstraZeneca vaccine on Tuesday last week. The 1.02 million doses are among the first batch of the 4.1million doses out of the 24 million expected doses. In Nakuru County that has recorded a positivity rate of 9.3 per cent that translates to 4, 961 infections and 102 deaths, the vaccination of frontline workers started yesterday at the Rift Valley Provincial General Hospital (PGH). The County Chief Nursing Officer, Virginia Njenga, said vaccination of the Oxford/AstraZeneca exercise kicked off smoothly as they plan to vaccinate about 11,000 people. Th...