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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...
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 Transaction is in its revolving phase and continues to acquire assets on a monthly basis. None of the Transaction’s Stop Purchase Trigger...
Zambia
UploadedJun 2022
PICZ is a short-term insurer domiciled in Zambia. It is 99% owned by Finsbury Investments (‘Finsbury’), with the remaining 1% held by a...
South Africa
UploadedJun 2022
The Transaction is backed by amortising home loans advanced by EFC to direct employees of Eskom Holdings SOC Limited (“Eskom”) and othe...
Namibia
UploadedJun 2022
Oryx remains the sole listed property loan stock (“PLS”) on the Namibian Stock Exchange. The fund operates like a Real Estate Investmen...
Nigeria
UploadedJun 2022
LAPO Mfb’s competitive position reflects its position as a dominant niche player within the microfinance banking space in Nigeria. With a bal...
South Africa
UploadedJun 2022
The Issuer is a Rand Merchant Bank (“RMB”) managed structured funding vehicle that advances rand denominated overnight call loans to So...
Nigeria
UploadedJun 2022
SFS Capital is a mid-tier player within the Nigerian asset management space, with total Assets Under Management (“AUM”) of N81.9bn and...
South Africa
UploadedJun 2022
Revenue growth continues to be driven through a combination of increasing learner numbers coupled with ongoing growth in school fees. Despite regis...
South Africa
UploadedJun 2022
VST1 is a Series under the VRI serialised Programme. VRI is the Issuer under the Programme, which allows the issuance of various Series of Notes ba...