Finance

The Top10 largest African-listed insurance firms record a 5% drop in their market capitalisation this year

The Top10 largest African-listed insurance firms record a 5% drop in their market capitalisation this year
Friday, 15 February 2019 13:53

The market capitalization of the top ten insurance companies listed on African financial markets has decreased this year. According to data compiled by Ecofin Agency on various stock exchanges in the region, from about $30 billion on January 1, 2019, it dropped to $28.5 billion on February 14, 2019.

Moroccan Saham Assurance and its parent company Sanlam are among the six firms in the sector whose market capitalisation has decreased. During the period, the capitalization of Saham Assurance decreased by 8.6% while Sanlam’s dropped by 5.25% on the Johannesburg Stock Exchange.

On their respective financial markets, the consensus of analysts recommends the sales of those firms’ shares. Let’s note that in H1, 2018, the four firms with the largest decrease in market capitalization (South Africans Discovery, Liberty and MMI Holdings as well as Moroccan Saham Assurance) recorded a drop in their net income.

Idriss Linge

On the same topic
Fitch affirms Cameroon at “B”, outlook negative Growth steady, debt contained; governance and political risks persist New vice-presidential role seen...
UBA's Nigerian home market posted a 1.7 billion naira ($1.1m) pre-tax loss in 2025, against a 364 billion naira profit a year earlier A 117 billion...
Visa promotes risk-based compliance to strengthen oversight and trust Initiative targets AML gaps as DRC remains on FATF gray list Banks face...
Speedinvest, the Vienna VC firm, opened its first dedicated MEA fund last week, anchored by EIB Global, Mubadala and Qatar Investment...
Most Read
01

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
02

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
03

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
04

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
05

As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...

From South Africa to Egypt: Why Nissan is reshaping its African strategy
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.