AfrexInsure, the speciality insurance subsidiary of the African Export-Import Bank (Afreximbank), has onboarded Oando Plc as a strategic partner to protect the bank’s investment in Oando’s operations in Nigeria through …
Insurance
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    BusinessEnergyFinance & ServicesInsuranceINVESTMENTNigeriaWestern Africa
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    BusinessFinance & ServicesInsuranceNigeriaWestern AfricaIEI, Mutual Benefits Delay Filing of 2024 Annual ReportsInternational Energy Insurance Plc (IEI) and Mutual Benefits Assurance Plc have announced delays in filing their audited financial statements for the 2024 financial year. The companies disclosed this in separate … 
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    Banking, Finance & InvestmentBusinessFinance & ServicesInsuranceINVESTMENTNigeriaDigital insurance firm wins Insurtech awards of the year at the business dayNigerian startup, Cassava, a 100 per cent digital insurance company, has said it was recently recognised at the Business Day BAFI Awards as the InsurTech of the Year. According to … 
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    Banking, Finance & InvestmentBusinessEconomyInsuranceNigeriaSenate investigation uneven disbursement of N500bn loans by DBNThe Senate has set up an ad hoc committee to carry out investigation into the alleged uneven disbursement of half a trillion naira loan to the six geo-political zones by … 
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    EconomyFinance & ServicesHospitalInsuranceKenya NewsNHIF revives a controversial law raising premiums for top earnersThe National Hospital Insurance Fund (NHIF) has revived a controversial law seeking to have workers earning more than Sh100,000 per month pay more in monthly contributions, signaling a heavier financial … 
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    Banking, Finance & InvestmentEthiopiaInsuranceIndependent regulatory body to set free insurers from central bank’s shadowThe Insurance Supervision Directorate at the National Bank of Ethiopia (NBE) is set to become an independent insurance regulatory body separate from the central bank. It will evolve into a … 
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    AfricaAFRICA NEWSBusinessInsuranceNewsNigeriaWestern AfricaTony Elumelu proposes N50m capital base for insurance brokersChairman of Heirs Holdings, Mr Tony Elumelu, has proposed N50 million as capital base for insurance broking firms operating in Nigeria. Elumelu, who is also founder, Tony Elumelu Foundation, said … 
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    BusinessEconomyInsuranceKenya NewsKenTrade Targets Insurance Companies’ Systems Integration to upgrade maritime TradeKenya Trade Network Agency(KenTrade) has embarked on a sensitization programme targeting insurance companies aiming at onboarding them in the Trade Facilitation Program(TFP) in a bid to enhance efficiency in maritime … 
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    Banking, Finance & InvestmentEconomyEthiopiaInsuranceCentral bank of Ethiopia raises minimum paid-up capital for insurance companyThe National Bank of Ethiopia (NBE) raised the minimum paid-up capital of insurance firms by six-fold. The revised ‘Minimum Paid-up Capital for Insurance Company’, which is effective as of September … 
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    The National Health Insurance Fund (NHIF) nearly doubled its cash surplus in its financial year ended June, helped by a sharp rise in premiums that eclipsed a jump in medical …