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CONTINENTAL REINSURANCE BOTSWANA APPOINTS PONESO NDONJE AS MANAGING DIRECTOR
1+ week, 6+ day ago (235+ words) Internal appointment reflects the depth of the Group’s leadership pipeline Continental Reinsurance Holdings Limited (‘Continental Re’) has announced the appointment of Poneso Ndonje as Managing Director of its Botswana subsidiary, Continental Reinsurance Botswana, subject to customary regulatory approvals, with effect…...
Sammilito Bank files 10,000 cases to recover default loans
2+ week, 1+ day ago (324+ words) Sammilito Islami Bank PLC, formed by merging five troubled shariah-based lenders, has filed nearly 10,000 lawsuits to recover defaulted loans, according to a statement released yesterday. Initiatives have also been taken under an exit policy and Alternative Dispute Resolution (ADR) to…...
Kenya’s trade ambition should be matched with smarter risk protection – Capital FM Kenya
2+ week, 5+ day ago (313+ words) Trade does not fail only because goods are unavailable. It also fails when systems are slow, disconnected or unclear. Previously, an importer or clearing agent could face multiple touchpoints when seeking a marine insurance certificate, confirming payment, and getting authorisation....
Kenya Re half-year profit jumps 43pc to Sh2.25bn
2+ week, 6+ day ago (476+ words) Kenya Reinsurance (Kenya Re) Corporation Limited Managing Director Dr Hillary Wachinga pictured on October 9, 2024 at Reinsurance Plaza in Nairobi. Kenya Reinsurance Corporation (Kenya Re) posted a 42.8 percent jump in net profit to Sh2.25 billion in the six months to June, lifted…...
Africa Re posts $664.8m insurance revenue as claims rise
3+ week, 5+ hour ago (397+ words) The African Reinsurance Corporation recorded an 8.5 per cent year-on-year increase in insurance service revenue to $664.8m in the first half of 2026, driven by new business and improved renewal retention. The Nigeria-domiciled reinsurer said revenue growth was achieved across most of its…...
Africa Re posts $101.7m insurance service result despite heavier claims burden
3+ week, 13+ hour ago (649+ words) The African Reinsurance Corporation (Africa Re) recorded an 8.5 percent increase in Insurance Service Revenue to $664.8 million in the first half of 2026, despite a significant rise in claims and a challenging foreign exchange environment. The reinsurer’s unaudited financial results for the…...