Britam, owned by Kenya's richest investors, eyes investors with fixed-income dollar fund
This strategic move aims to tap into the growing interest in dollar-denominated instruments.
Peter Munga
Britam, owned by Kenya’s richest investors, plans entry into DRC market
DRC’s liberalized insurance sector, valued at $300 million in 2023, presents substantial growth prospects for Britam Holdings.
Britam, owned by Kenya’s richest investors, pours nearly $5 million into fund
This move, aimed at shoring up the unit’s liquidity, brings Britam’s total cash injection into the fund to Ksh6.9 billion ($53.1 million) as of December 2023.
Britam, backed by top Kenyan magnates, sees profits surge to $24.1 million
Key shareholders, including prominent Kenyan business figures like Mbaru, Munga, Mwangi, and Michuki, lend further credence to the company’s standing.
Kenyan multimillionaire Peter Munga faces auction of properties over unpaid debts
This marks the latest chapter in Munga’s ongoing struggle with debt, which has seen him narrowly escape property auctions in the past.
Insurance firm linked to Kenya’s Peter Munga achieves $11.2 million in H1 profit
Munga owns a significant stake in Britam Holdings, with 72 million shares, making him one of its largest shareholders.
Kenyan business mogul Peter Munga loses $1 million as Britam’s share price plummets
Munga holds a substantial 72 million shares in Britam Holdings.
Kenyan tycoon Peter Munga takes $1.46-million hit from stake in Britam
Munga owns 72 million Britam shares.
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.
Controlled by Kenya’s richest men, Britam now set to divest 4.2 percent of its Equity Group shares to IFC
Britam Holdings is a diversified financial services provider with a presence in Southern and East Africa.
Kenyan tycoon Peter Munga earns nearly $1 million from Britam as shares rise by 20 percent
Britam Holdings is a leading regional insurer with a diversified financial services portfolio.
Kenya summons Britam Holdings directors over irregularities in Peter Munga deal
Last week, a Mauritian commission of inquiry revealed a suspicious deal concluded by Munga and Mauritian officials.
Kenyan businessman Peter Munga’s Britam deal robs Mauritius of millions of dollars
Munga bought the shares in a secretive deal that left Mauritius with a $35.9-million loss.