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Britam Group Managing Director Benson Wairegi. [Photo: Elvis Ogina/Standard]
The International Finance Corporation (IFC) has made an entry into Kenya’s insurance industry by acquiring a significant stake in Britam Holdings Ltd.
IFC, which is the investment wing of the World Bank Group, will pay about Sh3.55 billion to gain a 10.37 per cent control of the financial services provider.
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