Watch this space!!!

sorry man but inside information doesn't have any links...

I asked for the link Guru to understand the biz case because from my point of view

- Post war C'Ivoire is not yet ripe for overseas insurance firm to position

- Ghana is a small market, the oil company's insure with overseas firms because of the size of the risk in the oil industry.

This is from west africa point of view.
Good firms tend to take too much risk to grow regionally and those that suffer most are the shareholders ie poor returns on the short term.

Banking in these countries make more sense than insurance.

Cote d'ivoire is entering a period of reform and growth this is a perfect opportunities.

In ghanas case the country grew 23% in q1 because of oil revenues and with the democracy present this will trickle down to all sectors of the economy and the lack of strong insurers in the country also presents an opportunity as Jubilee will probably be cheaper than insuring abroad..

I trust these guys when it comes to investing skill.. (Jub bought 3billion worth of GOK and commercial bonds this year at a 10% average rate in H1 2011).. When these rates fall the profits will be SWEET!!

Access kenya will out perform it. I mean share price wise.
Do guys at jubille ever heard of the term share split ? Pathetic

What is important is to make assurance made doubly sure that the goodies will continue that is :-

Miserly dividend + 1:10 bonus when consolidated is rewarding.

There is always an option to jump ship and position in another counter in that sector if they disappoint due to their investment decisions.

The fact is no foreign oil firm do serious insurance business with any local (African firm), be it here (Nigeria 60 years oil exploration) or Egypt, Angola, Libya, Tunisia and Equatorial Guinea of recent as no local firm has the depth to pay claims (like recent 765 million USD reimbursement to Shell Oil Nigeria fire outbreak Escravos oil field).

The biggest insurance firm in Ghana GSE listed Enterprise Insurance and they corner most of the biz there as it is partially owned by Govt. Insurance biz in Ghana is a closed entity.

Nigerian Banks succeeded in Ghana name them UBA, Zenith Bank, Access bank, Intercontinental Bank,
but their insurance counterparts (AIICO, Cornerstone, Custodian and Allied, IGI) all failed and closed shop in Ghana.
Same IGI bought over NIC Uganda after closing shop in Accra.

Lets hope JUB will do better !!!
I wish I saw their business justification.


I re-state where the floodgates are open for biz in Ghana /CIvoire are Banking, Merchandise (Supermarkets), Cocoa Processing, Building/Metallurgy, Cement Manufacturing, Real Estate Development, Food Processing, Advertising, Health Sector, Transportation etc.

One thing about Jubilee Insurance - They are very good at what they do. The 'new' operations may be a drag for 2-3 years but I am sure they will do OK after that.

The start will be slow. Just an office to start with. A little bit of reinsurance. The Aga Khan firms & connections can help with many firms doing business/financing in W.Africa.

I would not be surprised if JIC bought some operations in W.Africa thus growth by acquisitions...

got my jub dividend almost 2 wks ago. The fastest divs i've recieved. Are the bonus shares reflecting in your cds account yet. Being eagerly awaiting mine.

@young
These guys expect to enter 3 new markets per year from 2011 to 2014.. This will bring their regional cover to 14 markets in Africa as it strives to be the number 1 insurer in africa by this time.. They have began with a $40million investment planned for 2011/2012 solely for entry into new markets..

So they will definitely start in 2011.. The first announcement of the specifics of the new markets will be in september/october 2011..

ah ha? we are listening.
Any update on the fore-mentioned