Lender Housing Finance has received Ksh.1 billion in new funding from on of its major shareholders in Britam Holdings. The tier II capital injection is geared at powering the banks as it seeks to accelerate lending to its SME and mortgages portfolio. “The investment comes on the back of a turnaround strategy that is poised […]
Tavaziva Chadamoyo Madzinga, who has been Swiss Re ’s UK & Ireland chief executive since 2019, is moving to African financial services group Britam Holdings Plc. In its announcement, Britam said Madzinga is coming onboard on February 01 as group managing director to succeed Dr Benson Irungu Wairegi. It was noted that an in-depth two-year […]
Insurance Group Britam Holdings has appointed Zimbabwean Tavaziva Madzinga as its chief executive to replace Benson Wairegi who is retiring on January 31, 2021 after 40 years of service. The appointment of Mr Madzinga, an actuarial scientist, takes effect on February 1, 2021. “The board is confident that the company will benefit immensely from Mr […]
Incoming Britam MD Tavaziva Madzinga (PHOTO: REUTERS) Britam Holdings Board has appointed Tavaziva Madzinga as Group Managing Director. He replaces Dr. Benson Irungu who is retiring on 31st January after 40 years. The outgoing Managing Director is remembered for helping grow the company from a small home service insurance to a listed multinational company at […]
HF Group CEO Robert Kibaara (second left) signs an agreement with outgoing Britam Group Managing Director Benson Wairegi (right) that will see the lender get Sh1 billion. [Elvis Ogina, Standard] Housing Finance (HF) Group is set to receive an Sh1 billion capital injection from Britam Holdings ahead of its transformation into a full-service bank. HF […]
Kenya Power and Lighting Company (KPLC) emerged as the top gainer of the day on Wednesday, January 20, 2021, with 6.45 percent at the price of 1.65 shillings per share followed by HF Group with 5.52 percent at the price of 3.89 shillings per share. I & M Holdings and Britam Holdings gained 4.55 and […]
The Co-operative Bank of Kenya has become the sixth lender to issue a profit warning on expected 2020 earnings. In a notice to shareholders on Friday, the bank attributed the expected collapse in earnings to economic disruptions arising from the COVID-19 pandemic. The volatile operating environment has seen the lender raise its loan-loss coverage in […]
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. Britam Holdings , Absa Bank Kenya , East African Breweries Limited ( EABL ), Kenya Power , East African Cables , Kenya Orchards , Longhorn Publishers , Nairobi Business Ventures , […]
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. FILE PHOTO | NMG At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. Britam Holdings , […]
NAIROBI, Kenya, Nov 28- Financial Services Company Britam Holdings has issued a profit warning for the current financial year ending December 31 2020. The firm’s Director legal and Company Secretary Nancy Kiruki in a letter addressed to NSE boss Geoffrey Odundo said that the move has been influenced by the challenging operating environment occasioned by […]
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