Kenya’s largest telecommunications company, Safaricom Plc has acquired an insurance license ending a four year wait as part of its product diversification strategy. Peter Ndegwa, Safaricom’s chief executive officer (CEO) disclosed during the telco’s half year earnings call that it had secured the permit from the Insurance Regulatory Authority (IRA).”We have revamped our wealth proposition…...
Trending
- Financial markets: BRVM exports its regional model to the far reaches of the Baltic
- Is Ecobank really worth less than 500 million dollars? The mystery of Nedbank’s exit persists
- The issue of African debt restructuring: between financial necessity and the vicious circle of IMF programs
- Benin – AES: Romuald Wadagni commits to normalizing relations
- Nigeria: Central Bank approves the conversion of Abbey Mortgage Bank into a regional commercial bank
- Gabon: the raising of 307 million dollars confirms the regional market’s appetite for sovereign debt
- AfDB injects $125 million into ATIDI
- After 50 years of presence in Africa, Airbus aims for a potential of 1,500 aircraft by 2045
Safaricom acquires insurance license after four year wait
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com