Britam set to pay a Sh631m dividend

The Government will come under immense pressure to spend more on development to compensate for slowed private sector growth.

Members of the Institution of Surveyors of Kenya (ISK) will now benefit from discounted insurance rates from Britam.

The International Finance Corporation (IFC) has made an entry into Kenya’s insurance industry by acquiring a significant stake in Britam Holdings Ltd.

Britam is planning a Sh3 billion serviced apartment project before the end of year with an increased focus to diversify income streams.

James Njega carded 20 stablebeford points on the outward nine and added 21 stableford points, amassing a total of 41 stableford points to triumph during the Britam Mt Kenya region golf tournament played at the par 72 Nyeri Golf club over the weekend.

Britam has slashed its stake in Equity Bank as part of a long term strategy to reduce exposure in the stock market.

Equity Bank founder Peter Munga and his business associates plan to buy a 23.34 per cent stake in British-American Investments (Britam).

Kenya's Plum LLP plans to buy a 23.34 percent stake in insurer British-American Investments Co (Britam) that had been seized by the government of Mauritius from a disgraced businessman in 2015, the privately owned firm said on Monday.

The regional provider of insurance and other financial services yesterday announced that it had maintained its dividend payout, after reporting a Sh1 billion in net losses linked to value depreciation of its listed assets.

Kenya's Britam Holdings swung to a 1.19 billion shilling ($11.77 million) loss in 2015 from a 3.21 billion shilling pretax profit the previous year, hit by falling asset values because of a slowdown in securities markets.

Financial services group Britam Holdings is the title sponsor of this year’s Kenya National Drama Festival.

Britam Asset Managers will increase investment vehicles where the returns are earned in US dollars.