Britam founders cede control in Mbaru deal
https://www.businessdail...78382-36u3lr/index.html

Swiss Re, International Finance Corporation (IFC) and private equity firm Africinvest now hold a combined 40.79 percent stake in Britam compared to the 39.2 percent equity held by the founders, including Mr Mbaru, Peter Munga, Benson Wairegi and James Mwangi.

Is it just a matter of time until SwissRe+IFC+Africinvest end up with 50%+1? A Rights Issue should do the trick given many retail investors may shy away. Mbaru has been exiting his position as well

Britam CEO Wairegi’s pay jumps to Sh81m
https://www.businessdail...826-13s1ob6z/index.html

Isn't that more than what JM made at far more profitable Equity?

https://www.businessdailyafrica.com/news/Britam-writes-off--HF-investment/539546-5144344-10vileq/index.html
Listed insurer Britam has written off another Sh1.57 billion from its investment in mortgage lender HF Group, raising the booked losses from the investment to Sh3.7 billion in the last three years.

Britam said in its 2018 annual report that its financial performance had been affected by both the HF impairment and the general decline in the market last year, which also hit other equity investments.

The impairment indicates that Britam’s management has little faith in the ability of the bank’s stock to rebound to its previous levels.

HF will be better off not being in Britam's stable BUT who would want HF in its current state?

NIC-CBA-Jamii
KCB-NBK-Imperial
SBM-Chase

Unless there is a foreign buyer looking for an entry into Kenya and sees HF as a potential rebranding opportunity. The problem of buying a listed firm, and not de-listing, is dealing with many shareholders when one needs to conduct a capital raise.

[quote=Ericsson]Dear Sir,

RE:AGENCY TO SELL VARIOUS LAND PARCELS ON BEHALF OF BRITAM
We are pleased to engage you to sell 3 parcels of land on behalf of Britam as follows;
1.LR NO 209/6267 located in Upper Hill.The land measures approx. 2.3 acres and the reserve price is Kes.600mn per acre

2.LR NO 12648/93 located in Lukenya along Mombasa Rd.The land measures approx. 172 acres and the reserve price is Kes.11 million per acre

3.LR 18048/49/50 located in Mlolongo,along Mombasa rd.The land measures approx. 25 acres and reserve price is Kes.46 million per acre

4.Britam Center LR NO 209/10520 located in Upper Hill Nairobi.Land size approx. 1.6 acre,fully developed with an office block,the reserve price is kes.2.24bn

5.Olive Garden Plot LR NO 209/380/8 located in Hurlingham,Rose Avenue off Arwings Kodhek Rd.Land approx. 0.6 acres,reserve price kes.280m

6.Ngong Land LR NO Ngong/Ngong/46 located in Ngong town measuring approximately 21 acres.The reserve price is kes.1 billion

NB/The commission payable will be 3% of the sale value.

Kindly confirm your acceptance of this appointment by responding to this letter.We look forward to hearing from you soonest.

Yours faithfully
Britam properties Ltd

Raphael Mwito
AG. General Manager

https://i0.wp.com/www.ka...tam.png?w=560&ssl=1[/quote]



They say 3 parcels for sale but have 6 listed... hoping this isn't how they do their accounts..