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Equity investment to back 150 MW of commercial solar in Africa

Norwegian developer Empower New Energy has secured $74 million of mostly public funds from investors and will top it up to build a $100 million, three-year cash pile. ....

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Sanlam and Allianz sign Sh243.7bn joint-venture deal in 29 countries

South Africa's Sanlam Group and Germany's Allianz have agreed to combine operations across Africa in a joint venture with an equity value of about Sh243.7 billion. ....

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Results: Shriram Life Insurance net profit jumps three-fold to Rs 106 crore in FY21

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Shriram Life Insurance Company on Friday reported a three-fold jump in profit after tax to Rs 106 crore for the fiscal year ended March 2021.
The company s profit after tax has grown three-times to Rs 106 crore in FY20-21, backed by technology adoption and an increase in rural penetration as the company continues to serve the community at large, Shriram Life Insurance Company (SLIC) said in a release.
Its profit stood at Rs 35 crore in FY20.
Even during these unprecedented times, the company was able to grow its gross premium by 23 per cent, crossing the milestone of Rs 2,000 crore, it added. ....

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