AXA Mansard’s share­hold­ers ap­prove N630m div­i­dend

Weekly Trust - - News - Sun­day Michael Ogwu, Lagos Ab­dul­la­teef Aliyu, Lagos Ab­dul­la­teef Aliyu, Lagos

The share­hold­ers of AXA Mansard In­surance Plc have ap­proved a div­i­dend of N630mil­lion for the year ended De­cem­ber 31, 2017.

The share­hold­ers gave their ap­proval at the com­pany’s 26th An­nual Gen­eral Meet­ing (AGM) held in Lagos. The ap­proved div­i­dend rep­re­sents six kobo per share.

At the AGM, the share­hold­ers ap­plauded the com­pany for not in­cur­ring any penalty or fine dur­ing An Ital­ian En­ergy Pro­duc­ing firm, Africa Ma­chine Green (AMG) En­ergy Stor­age, Nigeria, has de­vised a power gen­er­a­tion and stor­age ma­chine called Proyten en­ergy stor­age.

The ma­chine, ac­cord­ing to the man­u­fac­turer’s sole rep­re­sen­ta­tive in Africa, Mr Spiros Eswludes, was de­vel­oped to help pro­vide the year and for prompt set­tle­ment of claims.

Ad­dress­ing the share­hold­ers, the chair­man of the com­pany, Mr. Olu­sola Adeeyo stated that the firm closed the year with pos­i­tive re­sults de­spite the slow re­cov­ery of the econ­omy.

Re­view­ing the year, he stated the firm grew Gross Pre­mium by 30 per cent to N26.8 bil­lion, from N20.7 bil­lion in 2016, driven by sus­tained growth of health busi­ness as well as large ticket prop­erty and causal­ity trans­ac­tions. elec­tric­ity in ru­ral ar­eas.

He said the ma­chine could be used as a source of power for vil­lages ei­ther through grid or off the grid.

Eswludes who ex­plained this dur­ing the pre­sen­ta­tion in Lagos, stressed that the ma­chine gen­er­ates power via so­lar and wind with lithium bat­ter­ies that would be charged through the built-in charger. Bri­tish Air­ways is ex­pand­ing its African net­work with three weekly flights di­rectly from Lon­don Heathrow to Dur­ban, South Africa.

The ser­vice will be the only non-stop link be­tween Europe and Dur­ban and will be op­er­ated by the air­line’s new­est air­craft, the Boe­ing 787-8 Dream­liner.

Dur­ban is the sec­ond new African route Bri­tish Air­ways will start this year.

In March it be­gan fly­ing twice weekly to Sey­chelles from Heathrow. It also ex­panded its three Gatwick/ Mau­ri­tius ser­vices to five a week.

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