South Africa’s insurance giant Sanlam Limited has raised its stake in Sanlam Kenya to 71.47 percent after injecting additional capital of Sh461.5 million in the subsidiary’s rights issue.
The multinational previously held a 57.14 percent shareholding in the Nairobi Securities Exchange-listed insurer, which says it raised the entire target of Sh2.5 billion in the cash call whose results were disclosed on Wednesday.
