http://www.businessdaily...9440-b6eq7rz/index.html
Sanlam Kenya PAFR • 27.00 ▼ 6.90% has acquired an additional 12 per cent stake in Gateway Insurance, raising its investment in the loss-making subsidiary to a cumulative Sh914.3 million.
The latest investment has raised its interest in the subsidiary to a new high of 68 per cent.
“In 2016 Sanlam Kenya made additional investments of Sh213.6 million in Sanlam General,” the insurer said in its latest annual report.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle