Besides earning millions in salaries, the top executives are usually allowed to buy shares in the companies they run In return, they enjoy dividends paid annually based on the company’s performance Some of the top-notch executives controlling stakes are Equity’s James Mwangi, Britam’s Benson Wairegi, Co-op Bank’s Gideon Muriuki and James Mworia (Centum) Kenyan chief […]
Britam officials at the company’s 24th Annual General Meeting, held virtually on June 29, 2020 at Britam Tower in Nairobi. PHOTO | FILE Kenya’s Capital Markets Authority (CMA) has summoned directors of Britam Holdings Ltd to establish their role in the alleged irregular sale of 452.5 million shares (23.34 percent stake). The deal which was […]
Britam Holdings group managing director Tavaziva Madzinga. PHOTO | DIANA NGILA | NMG Britam Holdings has returned into half-year profit, lifted by growth in investment income and a rise in the value of shares at the Nairobi Securities Exchange (NSE) . The financial services company posted Sh376.3 million net profit in six months to June, […]
File Photo of Kenyatta National Hospital (KNH). At the same time, the underwriters have been hit by greater benefits from policyholders as the two factors combine to eat into the insurers’ earnings pie in the period. An analysis of publicly listed insurance financials through the half year stage by Citizen Digital captures the rising claims […]
Britam Holdings has returned into half-year profit, lifted by growth in investment income and a rise in shares value at the Nairobi Securities Exchange (NSE). The financial services company posted Sh376.3 million net profit in six months to June, marking a recovery from Sh1.63 billion net loss posted in a similar period last year. Britam, […]
File Photo of Kenyatta National Hospital (KNH). At the same time, the underwriters have been hit by greater benefits from policyholders as the two factors combine to eat into the insurers’ earnings pie in the period. An analysis of publicly listed insurance financials through the half year stage by Citizen Digital captures the rising claims […]
• This follows the operationalization of a digital business transformation strategy that saw investments in automation of operations to improve customer experience. • Currently, business efficiency has increased by 30 per cent across all operations with transactions processing cycle-time reducing from over seven days in 2019 to the current less than 24 hours. Britam Insurance […]
NAIROBI, Kenya, Aug 11 – Financial services firm, Britam Holdings PLC, has generated Sh1.4 billion in new business under its revamped digital channels following the outbreak of Covid-19 in 2020. This follows the operationalization of a digital business transformation strategy that saw investments in automation of operations to improve customer experience. The firm has also […]
Mr Peter Munga. FILE PHOTO | NMG Billionaire businessman Peter Munga orchestrated a secretive purchase of 452.5 million shares of Britam Holdings from the government of Mauritius in a deal that left the island nation with a Sh3.9 billion loss, according to an inquiry report. The Port Louis commission of inquiry, which investigated the transactions, […]
Britam #ticker:BRIT rejected the push to hire an insider to replace Benson Wairegi as managing director following a decision that reflected the wishes of its dominant foreign shareholders. The financial services company said the decision to appoint Zimbabwean Tavaziva Madzinga to replace the company’s long serving managing director was driven by shifts of its ownership […]
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