- Value Partners Multi-Asset Insights - Kelly Chung, Chief Investment Officer
- UK food inflation marches down while caution reigns over Fed decision
- Camco launches new technical assistance facility for REPP 2
- Building Bridges in Banking: The Power of Partnerships from the Nairobi Summit 2024
- Shaping the Future of Banking: Key Trends from the 11th Edition Connected Banking Summit- Innovation & Excellence Awards East Africa 2024, Nairobi, Kenya
Old Mutual Full-Year Profit Slides as South Africa Economy Slows
JOHANNESBURG (Capital Markets in Africa) – Old Mutual Plc, the U.K.-based insurance company, said full-year profit dropped 7.2 percent after the pound weakened after Britain’s decision to leave the European Union and its South African operations contended with the slowest economic growth since the 2009 recession. Net income declined to 570 million pounds ($693 million) in the 12 months through December from 614 million pounds a year earlier, the London-based company said in a statement on Thursday….
Read More