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Lamu Governor link in Absa sale of two insurance firms
Foreign Affairs Cabinet Secretary Musalia Mudavadi (left) with Lamu Governor Issa Timamy among other dignitaries at Mkunguni Square during the awarding ceremony in Lamu County to mark the 20th edition of the Lamu Cultural Festival in this photo taken on November 26, 2022.
Lamu Governor Issa Abdalla Issa Timamy is part of a group of investors in line to buy majority stakes in two insurance firms from South Africa’s Absa Group.
Regulatory filings and court documents show the governor is a director and shareholder of First Assurance Investments Limited – the vehicle buying the majority stakes in Absa Life Assurance and First Assurance Kenya Limited.
