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3 Pages<123
JUBILEE HOLDINGS
Ericsson
#41 Posted : Saturday, July 25, 2020 8:24:00 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,951
Location: NAIROBI
[quote=VituVingiSana]According to an inquiry notice from the Comesa Competition Commission, Akfed is seeking to acquire all the shares in the Sh65 billion fibre cable through its subsidiaries, Industrial Promotion Services (IPS) and Jubilee Holdings.
https://www.standardmedi...-buy-fibre-cable-seacom[/quote]

Githeri media misreported facts.
It's not a full acquisition
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#42 Posted : Saturday, July 25, 2020 11:07:49 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,951
Location: NAIROBI
Jubilee holdings is becoming more of an investment company than insurance.
In their HY results of 2019,they had invested sh.60bn in government securities
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#43 Posted : Saturday, July 25, 2020 11:27:04 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,249
Location: Nairobi
Warren Buffett Explains The Genius Of The Float
https://www.npr.org/sect...ett_explains_the_ge.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#44 Posted : Saturday, July 25, 2020 5:37:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,836
Location: nairobi
Ericsson wrote:
Jubilee holdings is becoming more of an investment company than insurance.
In their HY results of 2019,they had invested sh.60bn in government securities

With all the paid premiums that remain unclaimed, what options do they have really. A solid company
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#45 Posted : Saturday, July 25, 2020 8:03:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,951
Location: NAIROBI
obiero wrote:
Ericsson wrote:
Jubilee holdings is becoming more of an investment company than insurance.
In their HY results of 2019,they had invested sh.60bn in government securities

With all the paid premiums that remain unclaimed, what options do they have really. A solid company


Spot on.

They are competing neck to neck with Britam on whose the largest insurer in East and Central Africa.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#46 Posted : Tuesday, September 29, 2020 5:06:56 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,951
Location: NAIROBI
Jubilee holdings has entered into a set of binding transactions with Allianz Africa Holdings which will result in Allianz acquiring majority equity stakes ranging from 51% to 66% in Jubilee holdings short-term general insurance business in each of Kenya, Uganda, Tanzania, Burundi and Mauritius for a consideration of ksh.7.75bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
tandich
#47 Posted : Tuesday, September 29, 2020 6:02:49 PM
Rank: Member


Joined: 5/6/2008
Posts: 186
Ericsson
#48 Posted : Wednesday, September 30, 2020 7:22:02 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,951
Location: NAIROBI
tandich wrote:


Jubilee plans to reinvest the cash generated from the deal in its portfolio of privately held companies.
Mr Juma said other decisions such as including whether or not the company will pay a special dividend will be made at a later date.

https://www.businessdail...-german-company-2452686


Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#49 Posted : Wednesday, September 30, 2020 9:48:01 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,951
Location: NAIROBI
From page 70 of Jubilee Holdings 2019 annual report, Jubilee holdings made ksh.368 million from general insurance business despite contributing like 50% of the gross written premium.
Jubilee made ksh.915mn from health and ksh.1861mn from life assurance

https://mobile.twitter.c...1238259754885121/photo/1
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
AndyC
#50 Posted : Wednesday, September 30, 2020 11:09:02 AM
Rank: Member


Joined: 4/21/2015
Posts: 135
Ericsson
#51 Posted : Wednesday, September 30, 2020 11:34:43 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,951
Location: NAIROBI
AndyC wrote:
https://www.cnn.com/2020/09/29/investing/allianz-pension-funds/index.html


Wololo
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#52 Posted : Friday, October 02, 2020 9:44:18 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,951
Location: NAIROBI
There are 49 insurance companies in Kenya.
Too many for an economy the size of Kenya
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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