AXA Mansard’s shareholders approve N630m dividend
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.