Global Markets Slide as Turkish Currency Drops

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Global Markets Slide as Turkish Currency Drops

Special Correspondent - August 13, 2018

By CNBC Asian markets slid on Monday as investor sentiment took a knock amid the renewed slump in the Turkish lira. The Nikkei 225 slid 1.98...

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Bolttech said the acquisition will allow it to integrate mTek’s technology into its global embedded insurance ecosystem. Stephan Tan, Chief Executive Officer for EMEA at bolttech, said, “This represents an exciting step forward for bolttech as we expand our footprint in Africa. mTek’s innovative platform and talented team share our vision of using technology to make protection more accessible.” “Together, we can accelerate digital transformation in insurance and extend the reach of embedded protection across the region.” mTek’s leadership will remain in place during the transition, with CEO Bente Krogmann continuing to oversee East African operations. Krogmann said the deal sets up the company for wider regional expansion. “Joining the bolttech family marks an exciting next chapter for mTek. Our technology, local insight, and commitment to inclusive insurance have transformed how customers access protection in Kenya, and this partnership allows us to scale that impact even further – bringing more innovative and relevant insurance solutions to customers at scale.” The company is expected to rebrand following the acquisition, as the firms work on integrating systems, staff, and partnerships.

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Tag: Global markets

Global Markets Slide as Turkish Currency Drops

MOST POPULAR

Packaging Firm SKL Inches Closer to Listing on NSE

Bolttech acquires Kenya’s digital insurance platform mTek

SAFARICOM FOUNDATION TO ANNOUNCE MAJOR INVESTMENT IN TVET

From farm planning to family planning

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Eddys Kitchen launches school feeding program at Mutwala Primary School

Arsenal and WorldRemit launch “Future Stars”, an exclusive Premier League Club...

Sanlam Kenya adopts a financial engineering strategy to accelerate growth and...

Facebook Marketplace comes to Kenya

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Family Bank to List by Introduction on NSE on June 23

Shelter Afrique Development Bank Unveils New Brand Identity as it Marks...

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