(MUA ) – Present in Kenya since 2014, the leading insurance company in Mauritius reaches another important milestone in its expansion strategy in East Africa by completing the acquisition of Saham Kenya. The Mauritian insurance company MUA Ltd ("MUA") announces the completion of the acquisition of Saham Assurance Company Kenya Limited ("Saham Kenya") , through […]
Mauritian insurance company (MUA) has reportedly completed the acquisition of Kenya-based Saham Assurance company for a sum of KSH1.23bn ($11.5m). The transaction was approved by the Insurance Regulatory Authority (IRA, Kenya), the COMESA Competition Commission and the South African Reserve Bank. The acquisition is part of MUA’s expansion strategy in East Africa and is expected […]
Mauritian insurance company MUA Ltd (MUA) has finally received regulatory greenlight to acquire Nairobi based Saham Assurance company in a deal worth Sh1.23 billion. The firm Monday said it had concluded the transaction which began with the January’s signing of the Sales Purchase Agreement after it got approvals from the Insurance Regulatory Authority (IRA, Kenya), […]
Companies and Deals Insurance group to issue 5% of new shares to empowerment vehicle as it builds funds for SAHAM buyout. Sanlam announced, in March of this year, that it would buyout the remaining 53.37% shareholding in SAHAM for $1.05 billion. Picture: Moneyweb Sanlam intends to increase the direct black shareholding in its business through […]
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