Britam eyes entry into the DRC via acquisition of existing firm

Tom Gitogo, the Britam Group Managing Director and CEO.  

Photo credit: File | Nation Media Group

Insurance provider, Britam Holdings Plc plans to enter the Democratic Republic of Congo (DRC) market via acquisition of an existing insurer as part of an ambitious pan-African expansion drive aimed at lessening sovereign risks and diversifying revenue sources.

The Nairobi Securities Exchange-listed insurer expects to complete the entry in the next six to eight months pushing its geographical presence to eight countries.

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