Daily News Roundup: Business

Old Mutual sharpens its East African focus by exiting underperforming regional markets and dropping underpriced accounts.

Old Mutual is reshaping its regional strategy across East Africa to bolster long-term profitability. The financial services giant has recorded improved performance after shedding loss-making corporate accounts and consolidating its geographic footprint.

Old Mutual Trims Regional Footprint

Financial services provider Old Mutual has reported a boost in profitability following a deliberate decision to shed underpriced customer accounts that were weighing down its margins Old Mutual.

The firm strategic repositioning has focused on weeding out unprofitable business segments to strengthen its core operations and improve overall underwriting performance.

Alongside the portfolio cleanup, Old Mutual has been restructuring its regional footprint across East Africa.

The group has completed its exit from the South Sudan and Tanzania markets, redirecting its operational focus and investment capital toward expanding its presence in Uganda Business Daily Africa.

What it adds up to

Old Mutual's strategic pivot highlights a growing focus on capital efficiency over raw regional reach. By exiting drag markets and focusing resources on viable territories like Uganda, the insurer is prioritizing sustainable profit margins.

Compiled and independently packaged by the M360 News Team from today's reporting by Business Daily Africa. M360 News did not produce the original reports cited here. Every headline links to the original article, and each link was opened and checked against the story it cites before publication.