UAP to merge life insurance businesses

By Kepha Muiruri,

Regional insurer UAP Holdings Plc has moved to merge its life insurance business in a quest for efficiency in its operations. The respective life i...

UAP Holdings PLC

Kenyan insurers’ performance bitten by familiar bug

By Kepha Muiruri,

Top insurance firms have marked significant profit declines with some posting losses as their performance tumbles under the weight of declining return...

COVID-19 , Insurance in Kenya , Real Estate

UAP Holdings posts Ksh.305M half-year loss

By Citizen Reporter,

UAP Holdings (UAPH) Plc reported first half earnings that have seen growth in top-line while maintaining the focus on profitable growth, coupled with ...

UAP records Ksh.3.4 billion loss from lower property valuations

By Kepha Muiruri,

UAP Holdings PLC has announced an extended Ksh.3.4 billion loss for the year ending December 31 from a Ksh.518 million loss in 2018. The loss is la...

Arthur Oginga , UAP Holdings PLC

UAP Holdings CEO Peter Mwangi resigns, Arthur Oginga to take over

By Citizen Reporter,

UAP Holdings CEO Peter Mwangi has resigned after five years at the helm, the Board of Directors has said. Chairman of the Board, Dr. J.B. Wanjui re...

Oginga , UAP Holdings

Mauritian insurer to acquire Kenyan insurance firms in Ksh.3B investment

By Kepha Muiruri,

Mauritius United Assurance (MUA) has set its sights on Kenyan insurers in a fresh Ksh.3 billion (USD 30 million) investment. The new facility follo...

acquisitions , Kenya's insurance sector , Mauritius United Assurance , Phoenix Group

UAP Holdings cuts off high-risk accounts in de-risking strategy

By Kepha Muiruri,

UAP Holdings has began cutting off high risk accounts from its business portfolio, after the cost of compensation weighed hard on the group’s profit...

Peter Mwangi , UAP Holdings

UAP Holdings posts Sh1.2bn profit on cost cutting drive

By Kepha Muiruri,

UAP Holdings held off a tough operating environment to record a Sh1.2 billion net profit for the 2017 financial year, a 46.5 percent increase in profi...

financial services , INSURANCE , investment , investment income , nse , Peter Mwangi , premiums , UAP Holdings , UAP Old Mutual

FEP eyes insurance business in UAP Old Mutual deal

By Sophie Kinoti,

Investment firm FEP Holdings has ventured into insurance brokerage in a move aimed at diversifying its income. FEP has partnered with UAP Old Mutua...

FEP Credit Services , FEP Insurance Agency , INSURANCE , insurance penetration , Maurice Korir , UAP Old Mutual Group

KEBS releases names of suspended water bottling firms

By Maureen Murimi,

The Kenya Bureau of Standards (KEBS) has released the names of the suspended licenses of 368 water bottling firms for failing to meet standard guideli...

KEBS , kenya , water

Kenya Railways Gets New Managing Director

By Citizen,

Maina emerged the best candidate out of the eleven shortlisted candidates from a list of over 100 applicants. Maina succeeds Nduva Muli who was ap...