Ericsson wrote:Let's see his investment skills and how they will be applied as insurance companies are more of investment companies.
Me thinks the appointment has also a political alignment.
Kenya is a land of deals and connections
According to the Market, he is worth 4.6% of the company today! Highest gainer of the day as per now.
Smart fellows (the board). Announce the bad news first. Then the good news - and save the share price!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.