Britam Holdings to sell HF Group stake to a big bank

Insurance group Britam Holdings plans to sell part of its 48.2 percent stake in mortgage financier HF Groupto one of the country’s big banks as part of a review of its investment portfolio.
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Value Traded (Mln KES) 675.30 |
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Insurance group Britam Holdings plans to sell part of its 48.2 percent stake in mortgage financier HF Groupto one of the country’s big banks as part of a review of its investment portfolio.
The Capital Markets Authority (CMA) has dropped its push to have small businesses that access the government’s SME loan guarantee scheme compelled to list on the Nairobi bourse, and will instead put in place a long-term fund that will underwrite listing.
KCB Group will provide an additional capital injection of Sh3 billion to National Bank of Kenya (NBK) in the coming days, with the cash going to help the subsidiary comply with minimum capital requirements.
The Capital Markets Authority (CMA) put on hold plans to place listed companies on a recovery board pending de-listing over balance sheet deterioration due to the coronavirus pandemic.