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 […]
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 […]
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 […]
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. […]
NIGHTMARE: Motor vehicles along Uhuru Highway in Nairobi Image: /FILE Do you own or want to buy a motor vehicle in Kenya? You will have to dig deeper into your pockets to get covered, as underwriters adjust upwards-payable premium rates. Some firms have increased rates by up to 50 per cent, communications to clients, seen […]
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. […]
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 […]
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 […]
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 […]
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 […]
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.
We would like to show you notifications for the latest news and updates.