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


Joined: 12/4/2009
Posts: 8,714
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
Ericsson
#42 Posted : Saturday, July 25, 2020 11:07:49 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,714
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
VituVingiSana
#43 Posted : Saturday, July 25, 2020 11:27:04 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,171
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: 12,791
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: 8,714
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.
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