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Game Changer for Bharti and Insurance in Kenya?
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the deal
#1 Posted : Friday, May 27, 2011 12:36:03 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Trustco Namibia is coming to Kenya this year...now rumour has it their partnering with Bharti.

www.businesslive.co.za/F...ed-for-african-expansion

Damn i'm one happy shareholder cos 2010-11 had massive floods back home.
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VituVingiSana
#2 Posted : Friday, May 27, 2011 4:27:44 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,098
Location: Nairobi
They are deadly!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#3 Posted : Friday, May 27, 2011 7:57:48 AM
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Joined: 1/13/2011
Posts: 5,964
Pioneers of the JSE African Board.
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the deal
#4 Posted : Friday, May 27, 2011 8:26:01 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Cde Monomotapa wrote:
Pioneers of the JSE African Board.

Yes Pioneers..their making a killing in Zim with their trustco mobile probuct...within a year 1.6 M customers...R23M to the bottomline...imagine Kenya...Ghana...Nigeria...mobile insurance is the next big thing after Mpesa...
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Cde Monomotapa
#5 Posted : Friday, May 27, 2011 9:24:26 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
the deal wrote:
Cde Monomotapa wrote:
Pioneers of the JSE African Board.

Yes Pioneers..their making a killing in Zim with their trustco mobile probuct...within a year 1.6 M customers...R23M to the bottomline...imagine Kenya...Ghana...Nigeria...mobile insurance is the next big thing after Mpesa...

Ey! Those r impressive numbers indeed! Who've they partnerd with in Zim? Econet or Telecel. Can't recall.
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FundamentAli
#6 Posted : Friday, May 27, 2011 10:22:58 AM
Rank: Veteran


Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
What is mobile insurance? What is different from what Mpesa is offering?
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the deal
#7 Posted : Friday, May 27, 2011 10:37:20 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
FundamentAli wrote:
What is mobile insurance? What is different from what Mpesa is offering?

it's a form of life insurance availed to u as a mobile subscriber provided you have signed up for it...all you need to do is to keep calling and and you are fully covered...Mpesa/Safaricom can not provide you that because they dont have the patent...@Cde they partnered with Econet..

www.tgi.na/index.php/trustco-mobile.html

more info here
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Cde Monomotapa
#8 Posted : Friday, May 27, 2011 10:49:52 AM
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Joined: 1/13/2011
Posts: 5,964
Hooking up with Econet Zim is a sure recipe for success mos def.
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youcan'tstopusnow
#9 Posted : Friday, May 27, 2011 7:07:00 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
This thing is revolutionary!
GOD BLESS YOUR LIFE
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QW25071985
#10 Posted : Friday, May 27, 2011 7:49:13 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
the deal wrote:
FundamentAli wrote:
What is mobile insurance? What is different from what Mpesa is offering?

it's a form of life insurance availed to u as a mobile subscriber provided you have signed up for it...all you need to do is to keep calling and and you are fully covered...Mpesa/Safaricom can not provide you that because they dont have the patent...@Cde they partnered with Econet..

www.tgi.na/index.php/trustco-mobile.html

more info here


WOW ! it cannt be that simple..and with such a low insurance penetration in Kenya this thing could really be huge..
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the deal
#11 Posted : Wednesday, June 29, 2011 12:16:35 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Despite its troubles in Zim due to bully Econet...Trustco rallied 25% on the JSE today upon declaration of a dividend....Yeeees.
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guru267
#12 Posted : Wednesday, June 29, 2011 12:42:41 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Is it possible for kenyan insurers to adopt this model with local networks instead of trustco??
I am of the opinion that africas average low insurance penetration of 4% provides ample opportunity to all players in this sector.. Developed world insurance penetration is 75%
Mark 12:29
Deuteronomy 4:16
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