A few months ago Britam lost/released (Pension scheme) business worth 82 billion belonging to NSSF to SANLAM pension group . today it has sold off its shares in EQUITY HOLDINGS worth 14 billion kshs to IFC WORLD BANK .
why is BRITAM selling off its its investments and losing business ? is something sinister happening ? is it going down ?
i know BRITAM is owned by James Mwangi, Munga and Jimnah Mbaru . strangely IFC also has shares in BRITAM . lazima tukuwe vigilant alot of insurance companies zimeanguka vi ujinga and we lost alot .
experts and investors beware and look around vizuri mutusaidie birioneas tujue vile tufanye na shares zetu huko
why is BRITAM selling off its its investments? Yes. Stocks. To liquidate money.
And losing business ? No. There still profitable
is something sinister happening ? No. A multinational cannot do shaddy deals
is it going down ? No Because if IFC invests on a firm audits zimefanywa inside out
Life business is by far the most profitable segment in insurance. When you see a company sell life policies jua kuna mambo…they probably suffer from serious lack of liquidity. Lack of liquidity is caused by underperforming investments and/or underperforming policies i.e. overpaid medical policies.
I can’t say wanazama but they’re in tough times, and these MK Mafia enterprises like Centum, Britam, Family Bank are guilty of misinformation and cooked books.
Wadau chungeni