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Britam tipped to invest Sh3.6bn in securities after AfricInvest deal

Britam Group managing director Benson Wairegi, during a bell ringing ceremony when they announced completion of AfricInvest stake investment last week. PHOTO | SALATON NJAU | NMG

By  GEOFFREY IRUNGU

Listed insurer Britam is likely to invest more in government securities following a Sh3.6 billion deal with a private equity firm AfricInvest, analysts at Dyer and Blair Investment Bank say.

The investment in the gilt-edged instruments will come ahead of investments in life insurance in Uganda, property, technology such as mobile phone based-financial products and asset management.

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