Britam has sunk into a record Sh9.1 billion net loss for the year ended December 2020 on poor performance of its asset management arm. The loss is Britam’s second in three years; the company posted a Sh2.2 billion loss in 2018. The latest loss comes just a year after the company made a record Sh3.5 […]
Britam Group has announced that Dr. Benson Wairegi is set to step down from the Board of Britam Holdings on 28th May this year, after serving in the company for more than four decades. The announcement comes barely four months after he retired from the role of Group Managing Director on 31st January, 2021 . […]
Britam Asset Managers chief executive Kenneth Kaniu. FILE PHOTO | NMG Britam Holdings reported a record net loss of Sh9.1 billion in the year ended December when its asset management division underperformed. The insurer had made a net profit of Sh3.5 billion a year earlier. The performance saw the company suspend dividend payouts, having made […]
Britam Holdings #ticker:BRIT plans to expand into new markets, including through acquisitions, as part of its growth strategy. The insurer operates asset management, pension management, life and general insurance businesses in seven countries — Kenya, Uganda, South Sudan, Rwanda, Tanzania, Mozambique and Malawi. “We do have ambitions to expand beyond our current footprint. We will […]
It was a terrible last week for chief executive officers of listed companies some having to pose before cameras to reveal losses in billions of shillings offering a glimpse into the gravity of Covid-19 on corporate Kenya. As companies rushed to beat the April 30 reporting deadline, it emerged that corporate Kenya has booked losses […]
Britam MD Tavaziva Madzinga Britam Holdings has announced a new executive team that it says will deliver enhanced service to its customers and position the company for long-term growth. The team will comprise 11 directors after nine positions were dropped. Group Managing Director Tavaziva Madzinga said the new structure promotes diversity and aims to build […]
Insurance group Britam Holdings plans to sell part of its 48.2 percent stake in mortgage financier HF Group to one of the country’s big banks as part of a review of its investment portfolio. A director of Britam, which last week scrapped nine top executive positions, told Business Daily that a transaction adviser has been […]
(Ecofin Agency) – Britam (an investment holding that has stakes in the asset management, real estate, and insurance industries) is planning to sell part of its 48.2% stake in the mortgage bank HF Group. " The plan is to have one of the big banks acquire a majority stake in HF and run it. The […]
HF Group head office in Nairobi. FILE PHOTO | NMG Insurance group Britam Holdings plans to sell part of its 48.2 percent stake in mortgage financier HF Group to one of the country’s big banks as part of a review of its investment portfolio. A director of Britam, which last week scrapped nine top executive […]
Britam MD Tavaziva Madzinga Britam Holdings has announced a new executive team that it says will deliver enhanced service to its customers and position the company for long-term growth. The team will comprise 11 directors after nine positions were dropped. Group Managing Director Tavaziva Madzinga said the new structure promotes diversity and aims to build […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.