Asset Publisher

Britam shareholders approve Kshs. 5.7 billion investment by AfricInvest Equity Fund

Britam will use the funds to accelerate property development, fresh investment in its subsidiaries and revamping its technology to enable it deliver its products via digital channels — such as mobile phones — with an eye on micro-insurance. The NSE yesterday admitted the new shares, equivalent to a 14.3 per cent stake, following the completion of the deal which makes AfricInvest the second largest investor in Britam.