Absa’s sale of First Assurance Kenya returns a controlling stake to a Mudavadi-linked investment firm

Absa Group has agreed to sell its entire 63. 32 percent stake in First Assurance Kenya and Absa Life Assurance Kenya to First Assurance Investments, returning control of the businesses to the investment company that sold the stake to Barclays Africa more than a decade ago.

The transaction, which remains subject to regulatory approval, keeps existing … The post Absa’s sale of First Assurance Kenya returns a controlling stake to a Mudavadi-linked investment firm appeared first on TechTrendsKE .

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