Britam Holdings has sold Sh12.2 billion worth of shares in leading Kenyan lender Equity Group to the International Finance Corporation (IFC). The deal, revealed through a regulatory notice by Equity Group Holdings (EGH), now gives the investment arm of the World Bank a 6.7 per cent share of the lender. “EGH was notified that on […]
Tag: britam holdings
New CEOs to drive NSE firms in 2022
Seven chief executives joined corner offices at Nairobi Securities Exchange #ticker:NSE -listed firms in 2021, filling vacancies that were created by various circumstances. The companies that made substantive or temporary CEO appointments include Britam Holdings #ticker:BRIT , East African Portland cement #ticker:PORT and BOC Kenya #ticker:BOC . Others were Kenya Power #ticker:KPLC, Nairobi Business Venture […]
Britam to earn Sh14bn from sale of Equity Group shares
Insurance firm Britam Holdings #ticker:BRIT is set to raise Sh13.9 billion from the sale of 253.1 million shares of Equity Group Holdings #ticker:EQTY to the International Finance Corporation (IFC). Sources familiar with the transaction told Business Daily that IFC will acquire the shares at a price of Sh55 each based on negotiations with the insurer. […]
Santam appoints new CEO
Tava Madzinga has been appointed as the new CEO of Santam, and will succeed Lize Lambrechts in the position from 1 July. Madzinga joins Santam from Britam Holdings, a diversified investment business listed on the Nairobi Securities Exchange, where he was the group managing director. A qualified actuary, he worked at Old Mutual for 16 […]
Britam names new chair after CEO exit
Insurance Group Britam Holdings #ticker:BRIT has appointed former PricewaterhouseCoopers (PwC) head Kuria Muchiru as chairman, replacing Mohamed Said Karama who has been acting since February. This comes amid a raft of changes announced at the firm including last month’s resignation of Britam CEO Tavaziva Madzinga who is leaving for South African insurer Santam. Mr Madzinga […]
Britam names new chair after CEO exit
Insurance Group Britam Holdings #ticker:BRIT has appointed former PricewaterhouseCoopers (PwC) head Kuria Muchiru as chairman, replacing Mohamed Said Karama who has been acting since February. This comes amid a raft of changes announced at the firm including last month’s resignation of Britam CEO Tavaziva Madzinga who is leaving for South African insurer Santam. Mr Madzinga […]
Telkom, Britam partner to offer traders bundles, insurance cover
A subscriber holds a Telkom SIM card. FILE PHOTO | NMG Telkom Kenya has inked a deal with Britam Holdings to launch a mobile-based insurance product targeting small-scale traders in the country. The cover, dubbed Life Bila Noma, will see customers benefit from telecom and insurance bundles that include data, voice minutes, SMS, personal accident […]
Tavaziva Madzinga appointed as new Santam CEO
Johannesburg- Santam has tapped Tavaziva Madzinga as the new CEO, replacing Lizé Lambrechts. Madzinga will take over the helm at Santam from July next year. He was poached from Britam Holdings, a diversified investment business listed on the Nairobi Securities Exchange. “Tavaziva is a qualified actuary who has worked in the insurance and broader financial […]
Kenya insurer Britam says CEO Madzinga to exit in April amid overhaul
NAIROBI, Nov 26 (Reuters) – Kenyan insurance firm Britam Holdings BRIT.NR said on Friday that CEO Tavaziva Madzinga would leave in April next year, adding that finance director Charles Njuguna had been appointed as deputy chief executive to facilitate a transition. The insurance group did not say whether Njuguna would succeed Madzinga, a former Old […]
Britam CEO quits after 10 months in shake-up
Insurance Group Britam Holdings #ticker:BRIT has announced the planned exit of its managing director, Tavaziva Madzinga, after just 10 months in office in its latest executive shake-up. Mr Madzinga will officially leave Britam in April 2022, giving the company enough time to find his replacement. The insurer has also announced the appointment of Charles Njuguna […]