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Jubilee Holdings Limited
Jubilee Holdings Limited is a financial services holding company, with its headquarters in Nairobi, Kenya. The company maintains subsidiaries in Kenya, Uganda, Tanzania, Burundi, and Mauritius. Its activities are mainly in the insurance sector. Jubilee Holdings Limited is a large financial services conglomerate in East Africa, the Indian Ocean Islands, and parts of southwestern Asia. As of December 2013, the company controlled assets valued at over US$678 million (KES:61.16 billion), with shareholder's equity of approximately US$119 million (KES:10.7 billion) The company's subsidiary in Kenya, Jubilee Insurance Company Limited, was the largest insurance company in that country, the largest economy in the East African Community, according to a report by the Insurance Regulatory Authority, released in December 2014. Jubilee Holdings Limited The following is a list of subsidiaries (50+% shareholding) and associated companies (less than 50% shareholding) of Jubilee Holdings Limite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AKFED
Aga Khan Fund for Economic Development SA is a Swiss for-profit entity and international development finance institution which invests in countries of East Africa, West Africa, Central Asia, and South Asia. It is based in Geneva, Switzerland. It was founded by Aga Khan IV and is part of the Aga Khan Development Network. History Aga Khan Fund for Economic Development (AKFED) was founded in 1984 and is a part of Aga Khan Development Network (AKDN). It consists of more than 150 companies and is active in 15 countries which employs more than 30,000 people. The agency works to build infrastructures that support economic development. Its major investments include the Financial Services, Industrial Promotion Services (IPS) and Tourism Promotion Services (TPS). These initiatives span improvements in banking, electricity, agriculture, hotels, aviation, and communications linkages. AKFED provides a living for millions of people, in particular in the agribusiness sector. For Example, AKFE ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dar Es Salaam Stock Exchange
The Dar es Salaam Stock Exchange (DSE) is a stock exchange located on Ohio Street, west of Kivukoni, south east of Dar es Salaam, the commercial capital and largest city in Tanzania. It was incorporated in September 1996 and trading started in April 1998. It is a member of the African Stock Exchanges Association and the World Federation of Exchanges. The exchange is open five days a week, from Monday through Friday. The trading days are weekly from Monday to Friday, starting from 10.00 am to 14.00 pm. The activities of the exchange are monitored and supervised by the Capital Markets and Securities Authority (CMSA). The DSE operates in close association with the Nairobi Securities Exchange in Kenya and the Uganda Securities Exchange in Uganda. Plans are underway to integrate the three to form a single East African bourse. History Incorporation The Dar es Salaam Stock Exchange was established by the capital markets and security authority under the Capital Markets and Securities ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uganda Securities Exchange
The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's central bank. The exchange opened to trading in January 1998. At that time, the exchange had just one listing, a bond issued by the East African Development Bank. Trading was limited to only a handful of trades per week. As of July 2014, the USE traded 16 listed local and East African companies and had started the trading of fixed income instruments. The exchange is a member of the African Stock Exchanges Association. The USE operates in close association with the Dar es Salaam Stock Exchange in Tanzania, the Rwanda Stock Exchange, and the Nairobi Stock Exchange in Kenya. According to published reports in 2013, there were plans to integrate the four exchanges to form a single East African bourse. Uganda All Stock Index (ALSIUG) is the b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nairobi Stock Exchange
The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya. The exchange had 66 listed companies in February 2021. History Founding Nairobi Stock Exchange (1954-1999) The Nairobi Stock Exchange was established in 1954 as the in Nairobi, the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya. Previous to its founding, dealing in shares and stocks started in the 1920s when it was the British colonial Kenya Colony (1920−1963), a part of the British Empire. A stock exchange was first floated in 1922 at the Exchange Bar in the Stanley Hotel in Nairobi. However, the market was not formal as there did not exist any rules and regulations to govern stock broking activities. Trading took place o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aga Khan Fund For Economic Development
Aga Khan Fund for Economic Development SA is a Swiss for-profit entity and international development finance institution which invests in countries of East Africa, West Africa, Central Asia, and South Asia. It is based in Geneva, Switzerland. It was founded by Aga Khan IV and is part of the Aga Khan Development Network. History Aga Khan Fund for Economic Development (AKFED) was founded in 1984 and is a part of Aga Khan Development Network (AKDN). It consists of more than 150 companies and is active in 15 countries which employs more than 30,000 people. The agency works to build infrastructures that support economic development. Its major investments include the Financial Services, Industrial Promotion Services (IPS) and Tourism Promotion Services (TPS). These initiatives span improvements in banking, electricity, agriculture, hotels, aviation, and communications linkages. AKFED provides a living for millions of people, in particular in the agribusiness sector. For Example, A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dar Es Salaam
Dar es Salaam (; from ar, دَار السَّلَام, Dâr es-Selâm, lit=Abode of Peace) or commonly known as Dar, is the largest city and financial hub of Tanzania. It is also the capital of Dar es Salaam Region. With a population of over six million people, Dar is the largest city in East Africa and the List of urban agglomerations in Africa, seventh-largest in Africa. Located on the Swahili coast, Dar es Salaam is an important economic centre and is one of the fastest-growing cities in the world. The town was founded by Majid bin Said of Zanzibar, Majid bin Said, the first Sultanate of Zanzibar, Sultan of Zanzibar, in 1865 or 1866. It was the main administrative and commercial center of German East Africa, Tanganyika (territory), Tanganyika, and Tanzania. The decision was made in 1974 to move the capital to Dodoma and was officially completed in 1996. Dar es Salaam is Tanzania's most prominent city for arts, fashion, media, film, television, and finance. It is the capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kampala
Kampala (, ) is the capital and largest city of Uganda. The city proper has a population of 1,680,000 and is divided into the five political divisions of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and Rubaga Division. Kampala's metropolitan area consists of the city proper and the neighboring Wakiso District, Mukono District, Mpigi District, Buikwe District and Luweero District. It has a rapidly growing population that is estimated at 6,709,900 people in 2019 by the Uganda Bureau of Statistics in an area of . In 2015, this metropolitan area generated an estimated nominal GDP of $13.80221 billion (constant US dollars of 2011) according to Xuantong Wang et al., which was more than half of Uganda's GDP for that year, indicating the importance of Kampala to Uganda's economy. Kampala is reported to be among the fastest-growing cities in Africa, with an annual population growth rate of 4.03 percent, by City Mayors. Mercer (a New York- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bujagali Energy Limited
Bujagali Energy Limited (BEL), is an electric energy generating company in Uganda. The company owns and operates the Bujagali Power Station, which was the largest hydropower plant in the country as of July 2014. Overview BEL is a single purpose company, formed to develop the 250 megawatt Bujagali Hydropower Station. Under arrangements with the government of Uganda (GOU), BEL owns and operates the power plant for 30 years, starting with commissioning. After the 30 years, BEL will transfer ownership of the station to the GOU for US$1.00. The power generated is sold to the Uganda Electricity Transmission Company Limited, the Uganda electricity transmitter monopoly. The power purchase agreements were executed between the concerned parties, in December 2005. Power stations BEL owns and operates the Bujagali Hydroelectric Power Station, a 250 megawatt hydropower station built on the Victoria Nile at a cost of US$900 million between 2007 and 2012. Ownership As of September 2016, the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SEACOM (African Cable System)
SEACOM launched Africa’s first broadband submarine cable system along the continent’s Eastern and Southern coasts in 2009. SEACOM is privately owned and operated. Technology and cable structure Fibre-optic pairs are provided from Mtunzini to France to a point of presence (PoP) in Marseille, as well as from Tanzania to India into a PoP in Mumbai. SEACOM has also built an on-net European network, managed and operated by themselves, to deliver transport layer, internet protocol (IP), and multiprotocol label switching (MPLS) services from Africa to the following cities in Europe, and vice versa: * Amsterdam, Netherlands * Frankfurt, Germany * London, United Kingdom * Marseille, France * Slough, United Kingdom Through third-party networks in Europe, SEACOM also delivers these services to other locations in Europe not covered in the list of cities above. The SEACOM cable is deployed with a mixture of double armour cable, single armour cable, special protection cable (with a met ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
