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AAR Insurance to shut Tanzania business

THE STANDARD By Wainaina Wambu | April 6th 2021 at 13:26:16 GMT +0300 Medical underwriter AAR Insurance has began the winding-up process of its Tanzania business citing financial difficulties. This comes just after the Kenyan business recorded a 55 per cent drop in performance for the year ended December 2020, attributed to high claims due to Covid-19. In a memo to staff, AAR Health Care Limited Acting CEO Andrew Rowell said the firm has been facing financial difficulties “for some time” now worsened by the failure of the NHIF model in Tanzania, the pandemic and a decline in traffic to their clinics. “The Company’s parent, AAR Health Care Limited as a major creditor to the company, is no longer willing to support the financial requirements of the company and it is on this basis that the Board of Directors has resolved to initiate a creditor’s voluntary winding up process,” he said.

Andrew rowellHealth care limited actingHealth careCare limited actingCare limitedCovid 19ஆண்ட்ரூ ரோவெல்ஆரோக்கியம் பராமரிப்பு வரையறுக்கப்பட்டவை நடிப்புஆரோக்கியம் பராமரிப்புபராமரிப்பு வரையறுக்கப்பட்டவை நடிப்புபராமரிப்பு வரையறுக்கப்பட்டவை

AAR to shut Dar clinics on rising financial woes

AAR to shut Dar clinics on rising financial woes Wednesday April 07 2021 By LYNET IGADWAH Summary Insurance firm AAR plans to exit Tanzania on reduced visitor numbers to its eight clinics and financial troubles worsened by the Covid-19 pandemic. The insurer announced in a memo to staff, it has started the winding up process since it can no longer meet its obligations to employees and creditors in a timely manner. Insurance firm AAR plans to exit Tanzania on reduced visitor numbers to its eight clinics and financial troubles worsened by the Covid-19 pandemic. The insurer announced in a memo to staff, it has started the winding up process since it can no longer meet its obligations to employees and creditors in a timely manner.

Andrew rowellAmar healthcareHealthcare tanzaniaHealthcare holdingsHealth careCare holdingsTanzania limitedEast africaஆண்ட்ரூ ரோவெல்ஆர் சுகாதாரம்சுகாதாரம் தான்சானியாசுகாதாரம் ஹோல்டிங்ஸ்ஆரோக்கியம் பராமரிப்புபராமரிப்பு ஹோல்டிங்ஸ்தான்சானியா வரையறுக்கப்பட்டவை

AAR Healthcare to shut Tanzania business due to financial difficulties

AAR Healthcare to shut Tanzania business due to financial difficulties
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Andrew rowellHealthcare tanzania ltdTanzania ltdஆண்ட்ரூ ரோவெல்சுகாதாரம் தான்சானியா லிமிடெட்தான்சானியா லிமிடெட்

AAR Insurance to shut Tanzania business

AAR Insurance to shut Tanzania business
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

Andrew rowellHealth care limited actingHealth careCare limited actingCare limitedஆண்ட்ரூ ரோவெல்ஆரோக்கியம் பராமரிப்பு வரையறுக்கப்பட்டவை நடிப்புஆரோக்கியம் பராமரிப்புபராமரிப்பு வரையறுக்கப்பட்டவை நடிப்புபராமரிப்பு வரையறுக்கப்பட்டவை