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Nigeria
UploadedSep 2022
Leverage and capital structure are strong rating factors as UPDC REIT has maintained ungeared position since inception and its investment policy do...
Nigeria
UploadedSep 2022
GCR takes cognisance of significant revenue growth in FY21, peaking at N437.3bn over the review period. The growth was underpinned by stronger volu...
Nigeria
UploadedSep 2022
The competitive position remains a positive rating factor, given MTN Nigeria’s deep market penetrating capabilities, rapidly growing network...
Nigeria
UploadedAug 2022
The Company has sustained a strong earnings trajectory over the review period. Revenue almost doubled to 21bn in FY21 (FY20: N11bn) outperforming b...
Nigeria
UploadedAug 2022
Earnings is considered neutral to the ratings. Sundry Markets has maintained good revenue trajectory over the review period. Revenue rose significa...
Nigeria
UploadedAug 2022
FSDH AM’s subdued earnings and negative shareholders’ funds represent a key rating concern. Impacted by a combination of fair value los...
Nigeria
UploadedAug 2022
WSTC’s strong capitalisation is a key rating strength, with the capital adequacy ratio (“CAR”) historically maintained well above...
Nigeria
UploadedAug 2022
During FY21, IBPLC consolidated on its position as one of the leading local brewers, following the merger with AB InBev in 2017. The higher product...
Zimbabwe
UploadedAug 2022
Holdings Limited (“FMHL”), listed on the ZSE. NICOZDiamond emanated from the merger of previously state-owned NICOZ Insurance Company a...
South Africa
UploadedAug 2022
The Transaction is an asset-backed securitisation of agricultural loans that are advanced to commercial farmers in South Africa and forms part of a...
South Africa
UploadedAug 2022
JSE-listed Octodec Investments Limited (“Octodec” or “the REIT”) is a medium-scale fund comprising 254 properties across a...
Kenya
UploadedAug 2022
ICEA LION Insurance Holdings Limited is an investment holding company established in 2020, with interests in insurance and asset management busines...
Kenya
UploadedAug 2022
ICEA LION Holdings is an investment holding company established in 2020, with interests in insurance and asset management businesses in Kenya, Ugan...
Nigeria
UploadedAug 2022
Funding and liquidity position is assessed at an intermediate level. SAMTL’s funding base comprises largely investment products targeted at h...
Kenya
UploadedAug 2022
Founded in 2004, RA Int is one of Africa’s leading remote site service providers. The company offers construction, integrated facilities mana...
Nigeria
UploadedAug 2022
CapitalSage’s competitive position is considered modest, being a niche player within the larger financial services space. The Company has ope...
South Africa
UploadedAug 2022
eThekwini is a Category A municipality located on South Africa's east coast in KwaZulu-Natal (“KZN”). The Metro encompasses Durban,...
Zimbabwe
UploadedJul 2022
Tropical Re was formed in 2007 as a reinsurer domiciled in Zimbabwe. The reinsurer is a subsidiary of Nzou Holdings Limited (“the group&rdquo...
Uganda
UploadedJul 2022
Uganda Re was incorporated in November 2000 and commenced operations in 2013. The company is the only locally licenced reinsurer in Uganda and bene...
Zimbabwe
UploadedJul 2022
Stanbic Bank Zimbabwe Limited is incorporated and domiciled in Zimbabwe and provides a wide range of commercial banking and related financial servi...
South Africa
UploadedJul 2022
The ratings on the group primarily reflect the strengths and weaknesses of its three major subsidiaries, SA Taxi, TCRSH and We Buy Cars.
South Africa
UploadedJul 2022
Bankmed was established as a restricted medical scheme in 1914, with the aim of servicing the banking and financial services sector (specifically t...
Mauritius
UploadedJul 2022
Swan General (“Swan”) began operations in 1955, following the merger of The Mauritius Fire Insurance Company Limited (established in 18...
Kenya
UploadedJul 2022
AIG Kenya (formerly Chartis Kenya) is a privately owned company licensed by the Insurance Regulatory Authority of Kenya to underwrite all classes s...
Kenya
UploadedJul 2022
Founded in 2011 following de-consolidation of the Cooperative Insurance Company Limited’s short and long term business units, CIC Life Assura...
Kenya
UploadedJul 2022
The national scale issuer ratings on Kenya National Police DT SACCO were accorded on a stand-alone analytical approach as the entity is not part of...
South Africa
UploadedJul 2022
Compass Insure is a wholly owned subsidiary of Hannover Re South Africa Limited, which is 100% owned by Hannover Re Group Africa. The ultimate 100%...
Kenya
UploadedJul 2022
CIC General is an insurance company licenced in Kenya to underwrite all classes of the short-term business since 1978. The entity is the flagship c...
Nigeria
UploadedJul 2022
The Dashboard covers the period from December 2020 to March 2022 and is part of GCR’s performance monitoring process and does not constitute...
South Africa
UploadedJul 2022
JSE-listed Sappi Limited (“Sappi” or “the group”) is an internationally diversified wood fibre manufacturer focused on sust...
Nigeria
UploadedJun 2022
The earnings profile assessment is positive to the ratings. This reflects the size and progression of earnings over the review period, with a 5-yea...
Nigeria
UploadedJun 2022
ENL reported significant growth in revenue in FY21, underpinned by the sustained performance of the relatively protected port operations and enhanc...
Nigeria
UploadedJun 2022
FCMB AM's earnings evidenced an upward trajectory over the last five years, with gross revenue registering a CAGR of 35.4% on the back of the s...
South Africa
UploadedJun 2022
King Cetshwayo District Municipality (formerly known as uThungulu District Municipality), is one of 10 category C municipalities in the KwaZulu-Nat...
Sierra Leone
UploadedJun 2022
Staco’s robust earnings capacity is a positive rating factor, predominantly underpinned by a very competitive claims ratio, which averaged 15...
Cote d'Ivoire
UploadedJun 2022
NCA Re was established in November 2012 to support the growth of African insurance industries. In this respect, the entity is majority owned by ins...
South Africa
UploadedJun 2022
The national scale servicer quality ratings on Transaction Capital Risk Services Proprietary Limited (‘TCRS’) is based on the financial...
South Africa
UploadedJun 2022
The Dashboard covers the period from January 2022 to April 2022 and is part of GCR’s performance monitoring process and does not constitute r...
South Africa
UploadedJun 2022
The Dashboard covers the period from August 2019 to May 2022 and is part of GCR’s performance monitoring process and does not constitute rati...