Billionaire businessman Peter Munga has moved part of his Britam shares into a new investment vehicle, signalling a plan to either sell part of the stake or succession planning on his estate.
Latest shareholder filings contained in Britam’s 2023 annual report show that EH Venture Capital Kenya Limited, a firm in which he has a controlling stake, moved 173.27 million shares equivalent to a 6.87 percent stake last year to a new vehicle known as EHL 2022 Limited.
