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    Ghana hosts key African Continental Free Trade Area meetings

    Ghana hosts key African Continental Free Trade Area meetings

    An exhibitor (L) explains a point to (2nd Left- Right) KAM Chair Sachen Gudka, Environment CAS Mohamed Elmi, NEMA Ag. DG Mamo b Mamo, and KAM Vice Chair Mucai Kunyiha

    Kenyan Manufacturers launch a plan to manage plastic waste

    venture africa-AfDB

    African youth to benefit from Microsoft and AfDB coding platform

    EAC looks to review its textile strategy

    EAC looks to review its textile strategy

    Rwanda and Uganda lead East Africa in switch to electric cars

    Rwanda and Uganda lead East Africa in switch to electric cars

    L-R: Joseph Anampiu, Commercial Leader ESCA Region, Agriculture PS Prof Hamadi, US Ambassador to Kenya Kyle McCarter and Victoria McCarter during the Corteva launch. The company is positioning itself to provide seed, crop protection and digital solutions to address the recurring food insecurity problem. www.theexchange.africa

    American agribusiness conglomerate makes Nairobi its East African hub

    BAT's Edgar Okioga and KAM CEO Phyillis Wakiaga during the SEACOM Chat. They said that ICT is key to helping Kenya achieve its 2022 GDP growth ambition. www.exchange.co.tz

    America’s Dow celebrates circular economy achievements in Nairobi

    Egypt Signs several multimillion-dollar energy deals at Investment Forum

    Egypt Signs several multimillion-dollar energy deals at Investment Forum

    EU and UNCTAD seeks more coffee aroma from Angola

    EU and UNCTAD seek more coffee aroma from Angola

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    Ghana hosts key African Continental Free Trade Area meetings

    Ghana hosts key African Continental Free Trade Area meetings

    Committee to promote trade between Ghana, Japan initiated

    Committee to promote trade between Ghana, Japan started

    The eWTP hub, the second in Africa after Rwanda, will serve as a gateway for Ethiopian products to China and new markets

    Ethiopia and Alibaba Group sign agreements to establish eWTP Ethiopia hub

    African Development Fund

    African Development Fund gets a shot in the arm from donors

    Aga Khan sends his vision for Africa at Kusi Ideas Festival, Rwanda

    Aga Khan sends his vision for Africa at Kusi Ideas Festival, Rwanda

    Solar energy Plant

    Burkina Faso benefits from $53 million AfDB funding for solar energy

    venture africa-AfDB

    African youth to benefit from Microsoft and AfDB coding platform

    African Development Bank (AfDB)

    Seven African Exchanges and African Development Bank prod investment in Africa

    As world heads to Madrid, PE Climate investments in Africa tops agenda

    As world heads to Madrid, PE Climate investments in Africa tops agenda

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    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    Why NSE profits have dropped 82%

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Bear run continues at NSE with drop in key index

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    All eyes on NSE as futures trading kicks off

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE trade more than doubles as market breaks

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    NSE gets green light for Derivatives Market

    CMA is set to recover Ksh208 million from illegal trading in fixed income securities

    Kenya’s security market regulator moves to tame fraud

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE opens week with low share volumes

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    UK firm kicked out of Nairobi Securities Exchange

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Low volumes mark opening of Nairobi Securities trading

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    Rwanda embraces cloud based OTT messaging apps

    Rwanda embraces cloud based OTT messaging apps

    IATA projects that Kenyan market could more than double in size in 20 years

    IATA projects that Kenyan market could more than double in size in 20 years

    Uganda Development Bank unveils $500 plan for lending

    Uganda Development Bank unveils $500 million plan for lending

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    Compfix Data rebrands to Evail, eyes cyber security turf

    The eWTP hub, the second in Africa after Rwanda, will serve as a gateway for Ethiopian products to China and new markets

    Ethiopia and Alibaba Group sign agreements to establish eWTP Ethiopia hub

    Kenyans loved watching Kipchoge's INEOS 1:59 challenge but also loved Tanzanian music

    Kenyans loved watching Kipchoge’s INEOS 1:59 challenge but also loved Tanzanian music

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

    Aga Khan University addresses health issues among youth in Kenya's coastal region

    Aga Khan University addresses health issues among youth in Kenya’s coastal region

    An exhibitor (L) explains a point to (2nd Left- Right) KAM Chair Sachen Gudka, Environment CAS Mohamed Elmi, NEMA Ag. DG Mamo b Mamo, and KAM Vice Chair Mucai Kunyiha

    Kenyan Manufacturers launch a plan to manage plastic waste

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    Ghana hosts key African Continental Free Trade Area meetings

    Ghana hosts key African Continental Free Trade Area meetings

    An exhibitor (L) explains a point to (2nd Left- Right) KAM Chair Sachen Gudka, Environment CAS Mohamed Elmi, NEMA Ag. DG Mamo b Mamo, and KAM Vice Chair Mucai Kunyiha

    Kenyan Manufacturers launch a plan to manage plastic waste

    venture africa-AfDB

    African youth to benefit from Microsoft and AfDB coding platform

    EAC looks to review its textile strategy

    EAC looks to review its textile strategy

    Rwanda and Uganda lead East Africa in switch to electric cars

    Rwanda and Uganda lead East Africa in switch to electric cars

    L-R: Joseph Anampiu, Commercial Leader ESCA Region, Agriculture PS Prof Hamadi, US Ambassador to Kenya Kyle McCarter and Victoria McCarter during the Corteva launch. The company is positioning itself to provide seed, crop protection and digital solutions to address the recurring food insecurity problem. www.theexchange.africa

    American agribusiness conglomerate makes Nairobi its East African hub

    BAT's Edgar Okioga and KAM CEO Phyillis Wakiaga during the SEACOM Chat. They said that ICT is key to helping Kenya achieve its 2022 GDP growth ambition. www.exchange.co.tz

    America’s Dow celebrates circular economy achievements in Nairobi

    Egypt Signs several multimillion-dollar energy deals at Investment Forum

    Egypt Signs several multimillion-dollar energy deals at Investment Forum

    EU and UNCTAD seeks more coffee aroma from Angola

    EU and UNCTAD seek more coffee aroma from Angola

  • Investing
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    • Africa's Development
    • African Entrepreneurship
    • Small Business
    Ghana hosts key African Continental Free Trade Area meetings

    Ghana hosts key African Continental Free Trade Area meetings

    Committee to promote trade between Ghana, Japan initiated

    Committee to promote trade between Ghana, Japan started

    The eWTP hub, the second in Africa after Rwanda, will serve as a gateway for Ethiopian products to China and new markets

    Ethiopia and Alibaba Group sign agreements to establish eWTP Ethiopia hub

    African Development Fund

    African Development Fund gets a shot in the arm from donors

    Aga Khan sends his vision for Africa at Kusi Ideas Festival, Rwanda

    Aga Khan sends his vision for Africa at Kusi Ideas Festival, Rwanda

    Solar energy Plant

    Burkina Faso benefits from $53 million AfDB funding for solar energy

    venture africa-AfDB

    African youth to benefit from Microsoft and AfDB coding platform

    African Development Bank (AfDB)

    Seven African Exchanges and African Development Bank prod investment in Africa

    As world heads to Madrid, PE Climate investments in Africa tops agenda

    As world heads to Madrid, PE Climate investments in Africa tops agenda

  • Stock Markets
    • All
    • DSE
    • NSE
    • RSE
    • USE
    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    Why NSE profits have dropped 82%

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Bear run continues at NSE with drop in key index

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    All eyes on NSE as futures trading kicks off

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE trade more than doubles as market breaks

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    NSE gets green light for Derivatives Market

    CMA is set to recover Ksh208 million from illegal trading in fixed income securities

    Kenya’s security market regulator moves to tame fraud

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE opens week with low share volumes

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    UK firm kicked out of Nairobi Securities Exchange

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Low volumes mark opening of Nairobi Securities trading

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    Rwanda embraces cloud based OTT messaging apps

    Rwanda embraces cloud based OTT messaging apps

    IATA projects that Kenyan market could more than double in size in 20 years

    IATA projects that Kenyan market could more than double in size in 20 years

    Uganda Development Bank unveils $500 plan for lending

    Uganda Development Bank unveils $500 million plan for lending

    General Security (how to geek)

    Compfix Data rebrands to Evail, eyes cyber security turf

    The eWTP hub, the second in Africa after Rwanda, will serve as a gateway for Ethiopian products to China and new markets

    Ethiopia and Alibaba Group sign agreements to establish eWTP Ethiopia hub

    Kenyans loved watching Kipchoge's INEOS 1:59 challenge but also loved Tanzanian music

    Kenyans loved watching Kipchoge’s INEOS 1:59 challenge but also loved Tanzanian music

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

    Aga Khan University addresses health issues among youth in Kenya's coastal region

    Aga Khan University addresses health issues among youth in Kenya’s coastal region

    An exhibitor (L) explains a point to (2nd Left- Right) KAM Chair Sachen Gudka, Environment CAS Mohamed Elmi, NEMA Ag. DG Mamo b Mamo, and KAM Vice Chair Mucai Kunyiha

    Kenyan Manufacturers launch a plan to manage plastic waste

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Equity Insurance Agency unveils healthcare product for the diaspora market

exchange by exchange
October 18, 2017
in Banking
0

Equity Insurance Agency has launched a healthcare product targeted at the diaspora market to benefit their loved ones back home.

The product dubbed ‘Equimed’ is a reliable, affordable and flexible medical insurance that is underwritten by Britam and covers outpatient, inpatient, maternity, dental, optical and numerous other benefits, the agency says.

The rollout of Equimed abroad was borne out of research findings from a poll conducted by Equity bank on Kenyans living abroad, where nearly 30 per cent of them said medical care was their biggest concern

This was the second highest rating after investments which polled at 36 per cent, a report by the agency indicates.

“Paying medical bills was one of the top concerns as well; with investments being their foremost concern.

As the world becomes more globalized, many enterprising Kenyans have left the country and made other countries abroad their second home, obtained jobs or started businesses and are supporting their families back home,” the agency reported.

This comes on the backdrop of increased remittances by Kenyans living abroad which has risen by 4.1 per cent in the first half of the year to $887.6 million (about Sh91.6 billion) in comparison to a similar period last year,  according to the Central Bank of Kenya statistics.

 The CBK data indicates that the Kenyans in diaspora sent more money home in the second quarter of 2017 compared to the first, peaking at an all-time monthly high of $161.5 million (Sh16.6 billion) in May.

Equity Bank Insurance general manager David Muchiri said the diaspora population has emerged as a strategic partner in pushing for the growth of its products abroad.

“Equimed is a comprehensive medical insurance package offered to individuals, families, groups and SMEs that will allow diaspora customers take care of their loved ones back home while realizing huge savings on the amount of money they spend on healthcare in Kenya,” Muchiri said.

“We continue to enhance our product portfolio to ensure that we become a one-stop shop information portal that has information on how customers are able to access funds especially through our Eazzy banking platform,” he added.

By Martin Mwita

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