CIC Group chief executive officer Patrick Nyaga (right) with chief financial officer Philip Kimani during the release of the insurer's 2022 financial results on March 22, 2023. PHOTO | POOL
CIC Insurance Group has signed agreements to sell Sh1 billion worth of quarter-acre plots in Kiambu County at a price of Sh7.85 million each.
The insurer aims to sell the entire 200-acre land next to Tatu City, with part of the proceeds to be used to settle a loan from the Co-operative Bank of Kenya which stood at Sh4.5 billion as of December 2022.
