I&M buys Sh2.4bn Tanzania building for head office

I&M Building at upper hill, Nairobi on July 21, 2024.

Photo credit: File | Nation Media Group

I&M Group has spent Sh2.4 billion to buy a building in Tanzania that now serves as the headquarters for its Dar es Salaam operations and host of its key branch as it seeks to deepen its presence in that market.

The Nairobi bourse-listed firm acquired I&M House@1046 in Dar es Salaam last year through its property investment subsidiary, I&M Realty Tanzania.

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