Kenya-Re locked in suits over Sh1.6 billion assets

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Auditor General Nancy Gathungu. PHOTO | LUCY WANJIRU | NMG

The Kenya Re-Insurance Corporation (Kenya Re) is locked in court battles over ownership of prime properties worth Sh1.6 billion, a report shows.

An annual report by Kenya Re, shows that the corporation is balling to reclaim four investment properties located in Nairobi’s Ngong Road, Kiambu Road, Jomo Kenyatta International Airport (JKIA) and Shanzu in Mombasa.

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