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Kenya Re - what gives?
Ericsson
#151 Posted : Wednesday, February 05, 2014 11:40:13 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Most likely re-insurer Britam is targeting to buy a significant stake is East Africa Re.
Kenya Re they can't buy because
gava has a significant stake in it
The cost will be significantly high.Kenya Re has an asset base in excess of ksh.25 Billion.
It will cause jitter to the other insurers because all insurance companies are mandated to cede minimum 18% of their re-insurance business to Kenya Re.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Metasploit
#152 Posted : Wednesday, February 05, 2014 12:00:52 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
If someone has got some little money get Kenya Re at 18.50 and kenya airways at 11.90

SUPPLY IS DRYING OUT!SHARE REBOUND IN THE OFFING

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
Cde Monomotapa
#153 Posted : Wednesday, February 05, 2014 4:24:07 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
I believe all options should be left on the table. As things stand, "significant" is a broad statement. In the case of Kenya-Re, it could be "significant" enough to get a seat on the Board.

Moreover, it is common place to have insurers with stakes in the re-insurers & vice-versa.

Default settings are Kenya-Re is still an Operation with good prospects. Let's see.
Cde Monomotapa
#154 Posted : Thursday, February 06, 2014 10:23:15 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
hisah wrote:

Indeed takaful insurance. Apart from Kenya RE and CIC who else in insurance is hooking onto the takaful products.


Off the top, not quite informed. Though the listed bankers that have shown interest in Islamic Banking are KCB & NBK. Also, pleased to see Zim representing at the summit; Douglas Hoto, Group CEO at First Mutual Holdings Ltd (Thorough investment portfolio this ZSE listed Co.) smile


KCB: SHARIAH AUDITOR - ISLAMIC BANKING (Vacancy) http://ke.kcbbankgroup.c...uditor-islamic-banking/

Job Opportunity: Corporate Relationship Manager, Islamic Banking http://ke.kcbbankgroup.c...nager-islamic-baniking/

Job Opportunity: Senior Manager Compliance & Operations Manager – Islamic Banking http://ke.kcbbankgroup.c...-manager-compliance.../

Job Opportunity: Islamic Banking Retail & Product Development http://ke.kcbbankgroup.c...il-product-development/
Cde Monomotapa
#155 Posted : Thursday, February 06, 2014 12:42:16 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Interesting vis-a-vis development of Capital Markets in Ivory Coast.

ABIDJAN (Reuters) - Ivory Coast will increase taxes on telecoms companies and require them to invest in government bonds this year as part of efforts to boost fiscal revenues and keep profits in the country, the state tax agency's director said on Tuesday.

"All companies in the sector that transfer dividends out of Ivory Coast will be obliged to subscribe to treasury bills of a value equivalent to 20 percent of the amount transferred," he said.

http://www.sharenet.co.z...432b0d50cfe88fd68f32abdc
Cde Monomotapa
#156 Posted : Sunday, February 09, 2014 11:23:19 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Interesting write up on Islamic Finance Outlook 2014 by S&P.

Page 70 dwells on whether African Sovereigns would turn to Islamic Finance to fund growth.

Overall, this capital market segment in the global context is larger & effective than I imagined! Wow... (Est. USD1.4Tr and growing.)

On the flip, if the conventional Eurobond is bringing head, I see there is a Sovereign Sukuk option to be explored too. If the End (infrastructure) can justify the Means, then why not? smile Kazi Iendelee!!

Enjoy: http://www.standardandpo...cFinanceOutlook_2014.pdf
Cde Monomotapa
#157 Posted : Monday, February 10, 2014 11:50:26 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
The bullishness on Ivory Coast is borderline extreme...Smh.. See more http://www.reuters.com/a...is-idUSBREA180NS20140209
Cde Monomotapa
#158 Posted : Wednesday, February 12, 2014 9:24:30 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
A World Bank Blogger on Islamic Finance. Very interesting.

---
Islamic Finance: A Quest for Publically Available Bank-level Data

Attend a seminar or read a report on Islamic finance and chances are you will come across a figure between $1 trillion and $1.6 trillion, referring to the estimated size of the global Islamic assets. While these aggregate global figures are frequently mentioned, publically available bank-level data have been much harder to come by.

Considering the rapid growth of Islamic finance, its growing popularity in both Muslim and non-Muslim countries, and its emerging role in global financial industry, especially after the recent global financial crisis, it is imperative to have up-to-date and reliable bank-level data on Islamic financial institutions from around the globe. http://blogs.worldbank.o...-data?cid=EXT_TWBN_D_EXT
mypesa
#159 Posted : Monday, February 17, 2014 12:17:47 PM
Rank: Member

Joined: 8/14/2007
Posts: 111
Interesting blocks trading. Someone must have known something as we approach FY results (late march or early April) .but the only direction seems NORTH... After exiting @16 I decided to Re-enter @18.50 ..
Even In The Most Severe Drought In The Jungle Lions Will Never Feed On Grass.
Cde Monomotapa
#160 Posted : Monday, February 17, 2014 10:45:54 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
The West Africans getting their economies in order... Interesting interview.(video)

Senegal’s President, Macky Sall, talks about his goal of 7% economic growth in the country in the next ten years through an initiative called Emergence. He cites industries as agriculture and infrastructure as key in realizing this goal. President Sall also stated that he plans to diversify the Senegal economy through tourism and mining.

http://usafricagateway.b...dent-plans-get-7-growth/
60 Pages«<1415161718>»
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