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MarketScreener Homepage  >  Equities  >  Nairobi Stock Exchange  >  Kenya Reinsurance Corporation Limited    KNRE   KE0000000604

KENYA REINSURANCE CORPORATION LIMITED

(KNRE)
  Report
End-of-day quote. End-of-day quote Nairobi Stock Exchange - 09/23
2.3 KES   -0.43%
06/15KENYA REINSURANCE : Re Boosts COVID-19 Fight With Sh40 Million Donation
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03/27KENYA REINSURANCE CORPORATION LIMITED : Annual results
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2019KENYA RE-INSURANCE CORPORATION LIMITED : Dividends
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Kenya Reinsurance : Re Boosts COVID-19 Fight With Sh40 Million Donation

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06/15/2020 | 06:06am EDT

Kenya Reinsurance Corporation Limited has donated Sh40 Million, which will be channeled towards the purchase of Personal Protective Equipment (PPEs) to support the spirited fight against COVID-19.

The donation comes at a time when the world faces a shortage of PPEs as earlier predicted by the World Health Organization (WHO).

The shortages are leaving doctors, nurses, and other frontline workers dangerously ill-equipped to care for COVID-19 patients, due to limited access to supplies such as gloves, medical masks, respirators, goggles, face shields, gowns, and aprons.

"We have heard and read of stories in the news about shortages of PPE kits across the world, this poses a serious threat because without them testing and treating patients with the disease will be made very difficult. It is for this reason that we have channeled our donation to aid the Government in its fight against the pandemic." said Kenya Re Chairman Chiboli Shakaba.

Speaking during the donation, Kenya Re Managing Director, Jadiah Mwarania, voiced the importance of the donation. "As Kenya's biggest reinsurer, we are committed to helping our majority shareholder - the Government of Kenya, in fighting this pandemic that has affected us all in one way or another. Our donation is a boost to the Government's efforts geared at containing the spread of the deadly Coronavirus disease. I would like to thank all entities and individuals of good-will who have contributed towards this cause. We shall overcome this pandemic together."

The donation was channeled through the Covid-19 Emergency Response Fund that was established to mobilize resources for emergency response towards containing the spread and impact of COVID 19.

The donation also comes two months after the Corporation announced a 35 percent growth in profit for the year 2019 of Sh4.17 billion profit before tax.

Copyright Capital FM. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

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All news about KENYA REINSURANCE CORPORATION LIMITED
06/15KENYA REINSURANCE : Re Boosts COVID-19 Fight With Sh40 Million Donation
AQ
03/27KENYA REINSURANCE CORPORATION LIMITE : Annual results
CO
2019KENYA RE-INSURANCE CORPORATION LIMIT : Dividends
CO
2018KENYA RE-INSURANCE CORPORATION LIMIT : Annual Report
CO
2018KENYA RE-INSURANCE CORPORATION LIMIT : Annual results
CO
2018KENYA RE-INSURANCE CORPORATION LIMIT : Mixed general shareholder meeting
CO
2017KENYA RE-INSURANCE CORPORATION LIMIT : Annual Report
CO
More news
Financials
Sales 2019 19 940 M 184 M 184 M
Net income 2019 3 966 M 36,6 M 36,6 M
Net cash 2019 7 371 M 68,0 M 68,0 M
P/E ratio 2019 2,14x
Yield 2019 3,30%
Capitalization 6 440 M 59,4 M 59,4 M
EV / Sales 2018 0,22x
EV / Sales 2019 0,06x
Nbr of Employees -
Free-Float 38,4%
Chart KENYA REINSURANCE CORPORATION LIMITED
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Kenya Reinsurance Corporation Limited Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 25,00 KES
Last Close Price 2,30 KES
Spread / Highest target 987%
Spread / Average Target 987%
Spread / Lowest Target 987%
Managers
NameTitle
Jadiah Murungi Mwarania Managing Director
Chiboli Induli Shakaba Chairman
Jacqueline N. Njui General Manager-Finance & Investments
George Njuguna Manager-Information Communications & Technology
Martin Mati Manager-Research & Development
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