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ICEA Lion appoints new CEO

THE STANDARD By Wainaina Wambu | January 9th 2021 at 00:00:00 GMT +0300 George Nyakundi ICEA Lion Life Assurance has appointed George Nyakundi as the new chief executive following the retirement of Justus Mutiga after 27 years with the firm. Mr Nyakundi (pictured) was ICEA Lion’s general manager for business development and technical services. A statement form the company said Mr Mutiga had overseen huge growth since his appointment in 2012, with gross premium rising from Sh5 billion to over Sh14.6 Billion last year. Total assets strengthened from Sh32 billion in 2012 to over Sh100 billion in 2020. ICEA Lion Group Chairman James Ndegwa said Mutiga was passionate about the advancement of life insurance, pensions and investments, and generously shared his knowledge and experience.

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George Nyakundi appointed as new ICEA Lion Life CEO

George Nyakundi appointed as new ICEA Lion Life CEO Shares George Nyakundi has been announced as the new ICEA Lion Life Chief Executive Officer, effective 1st January 2021. He takes over from Justus Mutabari Mutiga, who has retired, after 27 years with the firm. Mr. Nyakundi was previously the company’s General Manager Business Development & Technical Services. He has a vast career background spanning about 30 years in the life insurance sector. He began his career at Kenindia Assurance in 1988, before briefly moving on to Occidental Insurance as the Marketing and Administration Manager. He later joined Jubilee Insurance in 1999 as a Senior Underwriter before leaving in 2006 to join Alliance Insurance Corporation in Tanzania as the Head of the Life Business, where he later took over as the Chief Executive Officer in 2013.

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Jawed faces manifold challenges as new PBSF chief - Newspaper

JAWED H. Karim KARACHI: The new set of office-bearers of the Pakistan Billiards and Snooker Federation who returned unopposed formally took over for the next term of four years (2020-2024) on Tuesday. Election Commissioner Ayub Bawany announced the names of 12 members of the committee at the annual general body meeting held at a local hotel. Strangely, only 20 members out of 258 were in attendance that left much to be desired. At the outset, the outgoing president Munawwar Hussain Shaikh expressed gratitude to all members who have worked with him, sponsors and media for their wholehearted support. He also welcomed the new president Jawed H. Karim and his committee and hoped they will carry forward the legacy and high standards set by honorary life chairman Ali Asghar Valika.

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East Africa: EA Projected to Record Highest Post-Covid Economic Recovery in Africa

East Africa: EA Projected to Record Highest Post-Covid Economic Recovery in Africa
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.

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EA projected to record highest post-Covid economic recovery in Africa

East Africa is projected to be the hotspot of economic recovery in sub-Saharan Africa with the region expected to post an average growth of 5.1 percent in 2021 against a continental average of 3.2 percent. Allianz SE chief economist Ludovic Subran said economic growth in Kenya, Tanzania, Uganda and Rwanda will significantly rebound after a tough year due to the ravaging effects of Covid-19. Uganda which is projected to post negative growth in 2020 and Rwanda are forecast to post the highest post-Covid recovery, with GDP growth projected at 4.8 percent and seven percent respectively. A “confidence shock” triggered by the vaccination campaign, boosting consumption, investment and trade will be the key drivers for the rebound, with growth in sub-Saharan Africa set to rebound by 3.2 percent in 2021 after the continent went through the worst recession in its recent history recording a -4.2 percent GDP decline.

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