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 Africa
IEI, Mutual Benefits Delay Filing of 2024 Annual Reports
International 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 & ServicesInsuranceINVESTMENTNigeria
Digital insurance firm wins Insurtech awards of the year at the business day
Nigerian 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 & InvestmentBusinessEconomyInsuranceNigeria
Senate investigation uneven disbursement of N500bn loans by DBN
The 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 News
NHIF revives a controversial law raising premiums for top earners
The 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 & InvestmentEthiopiaInsurance
Independent regulatory body to set free insurers from central bank’s shadow
The 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 Africa
Tony Elumelu proposes N50m capital base for insurance brokers
Chairman 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 News
KenTrade Targets Insurance Companies’ Systems Integration to upgrade maritime Trade
Kenya 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 & InvestmentEconomyEthiopiaInsurance
Central bank of Ethiopia raises minimum paid-up capital for insurance company
The 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 …