Magazine date:
Apr 2012 The Kenyan insurer, CFC Insurance, has announced a pre-tax profit of roughly 1 million KES (11 960 USD) for the year 2011. This result is on a 100% rise in comparison with 2010. It is a positive signal sent to the parent company Liberty Holdings which acquired CFC Insurance last April. The company’s share has soared by 18% following this announcement. The competitor Pan Africa, has, however, posted a 24% decrease of its after-tax profits for 2011.