CIC sells 712-acre land as Sh5bn bond matures

CIC Insurance chief executive Tom Gitogo. FILE PHOTO | NMG

CIC Insurance is selling 712 acres of freehold land in Kajiado and Kiambu counties in transactions that are expected to earn it upwards of Sh10 billion.

The disposals come as the Nairobi Securities Exchange-listed firm prepares to redeem its Sh5 billion bond on October 2.

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