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NAIROBI, KENYA: Wealth management firm Sanlam has recorded Sh1.98 billion loss for the financial year ended December 2018
According to the insurer, several institution in which the group’s long-term insurer had invested came under financial distress, which led to the impairment of approximately Sh1.14 billion in investments. Primarily debt notes and equity in Kaluworks, Real People and Athi River Mining.
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