Britam injects Sh660m into fund

Tom Gitogo, the Britam Group Managing Director and CEO.  

Photo credit: File | Nation Media Group

Insurance group Britam has injected a further Sh660 million to shore up the liquidity of its wealth management fund in the year ended December 2023.

The new disclosure takes the Group’s total cash injection in the fund to Sh6.9 billion, taking the liquidity support closer to the Sh7.2 billion mark that represents the company’s provision for investment losses in the entity.

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