IMF gives Kenya $700m insurance loan

Ghana has secured a $1bn loan from the International Monetary Fund that could stabilise its troubled economy.

Afisa Mtendaji Mkuu wa Sanlam General Insurance Ndugu Manasseh Kawaloka  Akitoa Hotuba yake Kwenye halfa ya Kampuni ya NIKO Insurance Limited Ilipobadili Jina na kuwa Sanlam General Insurance.

Kampuni ya Bima Niko limited Imebadili jina na kuwa Sanlam General Insurance Limited.Mabadiliko hayo yanalenga Kupanua Wigo Na kuimarisha uwepo wake Nchini Tanzania na Afrika Mashariki  kwa Jumla.Sanlam General Insuarence Itaendelea Kutoa Huduma Mbalimbali za BimaKwa Wateja Binafsi na Mashirika...

The Board of Directors of the African Development Bank Group (AfDB) approved an African Development Fund (ADF) Loan of USD 144.9 million1, to Kenya - Tanzania Power Interconnection Project.
The project will allow the two countries to exchange power. In addition, the Kenya-Tanzania Interconnection Project plays an important role in promoting regional integration through power trade.
The project is expected to improve the supply, reliability and affordability of electricity in the...

A Tanzanian insurance firm, NIKO Insurance, has rebranded to Sanlam General Insurance (Tanzania) limited as it seeks to strengthen its identity and expand visibility in East African markets.

Bilal to grace 700m/- fund raiser for Dar orphanage
Daily News
VICE-President, Dr Mohamed Gharib Bilal, is on Friday expected to officiate at a fund-raiser aimed at collecting over 700m/- for the construction of a centre for orphans and other needy children in Dar es Salaam. Speaking in Dar es Salaam, New Hope Family ...

A row has broken out among Nigerian officials over the whereabouts of $700 million allegedly stolen from the country’s sovereign wealth fund.

AFP
Australian navy makes $700m heroin bust off Tanzania
The Australian
THE Australian navy has seized and destroyed 353kg of heroin with an estimated street value of more than $700 million in a mission off the coast of Tanzania. HMAS Melbourne discovered the haul when crew boarded a vessel on Wednesday as part of a ...
Australian authorities destroy $630 million worth of heroinCNN
HMAS Melbourne seizes estimated $706 million in drugs from boat intercepted ...ABC Online
Navy destroys massive...

Jamal Kondo is a carpenter and a small-scale trader in Dar es Salaam. One day, he fell ill and was admitted at Zakhem hospital in Mbagala. Luckily for him, he had an insurance plan and did not have to worry about the high cost of healthcare in Tanzania.

Few people see the need for insurance until disaster has befallen them. It’s not until they end up paying for the cost of repairs or replacement of what they have lost, that they come to understand their folly.