Kenya: CIC Insurance posts first loss of Sh297m after 13- year run
![](/images/markets/nse/CIC-Insurance2.jpg)
CIC Insurance Group posted a Sh296.8 million net loss in the year ended December, breaking its 13-year profit-making run that goes back to 2007.
1M | 3M | YTD | 1Y | 2Y |
-2.97% | -3.07% | +19.01% | +2.45% | -12.26% |
Value Traded (Mln KES) 86.75 |
Volume 6,479,300 |
Transactions - |
Market Cap. (Bln KES) 1,625.98 |
CIC Insurance Group posted a Sh296.8 million net loss in the year ended December, breaking its 13-year profit-making run that goes back to 2007.
Safaricom will Friday launch Kenya’s first fifth-generation (5G) mobile internet services targeting major urban centres, making it the inaugural operator to offer commercial and superfast services in the region.
Standard Chartered Bank Kenyashareholders are set for a dividend payout despite the lender’s full-year net profit declining by about a third on higher provisioning for loan defaults.
Kenya Airways (KQ) net loss has nearly tripled to Sh36.2 billion, the worst ever in the history of the airline, on account of Covid-19 disruptions that led to a sharp decline in passenger numbers.