Britam cuts up to 138 jobs after exit of CEO

Former Britam CEO Benson Wairegi. FILE PHOTO | NMG

Insurance group Britam Holdings #ticker:BRIT is set to retrench up to 130 employees, mostly in its Kenyan operations in a process that could cost it up to Sh700 million.

This is the second wave of layoffs at the company, which spent Sh664 million to let go of 110 employees in 2018.

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