Mbaru owns a 7.72-percent stake in Britam Holdings.
"Britam Holdings "
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Britam has classified its 48.2-percent stake in HF Group as held for sale.
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Controlled by Kenya’s richest men, Britam Holdings completes sale of $121-million stake in Equity Group
Munga is a non-executive director at Britam and a co-founder and former chairman of Equity Group Holdings.
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Njuguna played a strategic role as finance director in the execution of the group’s turnaround strategy.
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Kenyan businessman Benson Wairegi loses $740,000 as shares in Britam Holdings decline by nearly 10 percent
Wairegi stepped down from Britam’s board on May 28 after serving in the company for more than four decades.
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Investors are stepping back from the company as it prepares to publish its financial results for 9M 2021.
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Kenya summons Britam Holdings directors over irregularities in Peter Munga deal
by Ishioma Emiby Ishioma EmiLast week, a Mauritian commission of inquiry revealed a suspicious deal concluded by Munga and Mauritian officials.
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Britam Holdings is a leading financial services provider with operations throughout Southern and East Africa.
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Britam Holdings, controlled by Kenyan tycoons, set to earn $123.3 million from sale of Equity Group shares
The deal comes at a premium of nearly 11 percent over Equity Group’s share price.
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Kenyan banking mogul Jimnah Mbaru gains $2.5 million in 151 days from stake in Britam Holdings
Britam Holdings is a Kenya-based diversified financial services group listed on the Nairobi Stock exchange.