State-controlled Kenya Reinsurance Corporation (Kenya Re) is seeking to amend its governance rules to grant the government control over its board of directors irrespective of its shareholding and introduce a six-year maximum tenure for its chief executive officer (CEO).
The reinsurer, in which the government owns a 60 percent stake, will hold a special general meeting on February 11, 2026, where it will propose to amend its Articles of Association to give the State permanent control on the board through the creation of two classes of shares.
