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In 2014 Old Mutual acquired a controlling 67 percent interest in Faulu Kenya, the second-largest microfinance bank in Kenya, whose stock is privately held, for a sum of KSh3.6 billion (approx. US$40 million). [4] [5] In early 2015, Old Mutual, spent a total of US$253.1 million (KSh 23.1 billion) to acquire 60.66 percent shareholding in UAP ...
Old Mutual Holdings Plc, Formally known as UAP Holdings Limited, is an investment, retirement, and insurance group that operates mainly in Eastern Africa.UAP Holdings is one of the leading insurance and financial services groups in eastern Africa with a network of branches and operational subsidiaries spread across the greater eastern and central Africa regions.
In 2011, Old Mutual sold US Life to Harbinger Group Inc. for $350 million. [14] Old Mutual sold its Nordic operations to Skandia Liv for £2.1 billion in 2012. [15] In 2013, Old Mutual strengthened operations in Africa with the acquisition of Provident Life Assurance in Ghana [16] and Oceanic Life in Nigeria. [17]
The bank has grown from one MFI office in 1991 to over 90 service outlets which include 27 banking branches in seven of the eight provinces in Kenya by end of 2011. [2] In April 2014, Old Mutual completed its acquisition of 67% of Faulu Kenya [3] through a KSH 2 billion capital injection. [3]
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This is a list of some of the Insurance Companies carrying on insurance business in Kenya. They are regulated by the Insurance Regulatory Authority: [1] Allianz; Britam Holdings T/A British-American Insurance Company Kenya Limited, and as Real Insurance Company; CIC Insurance Group [2] First Assurance Kenya Limited [3]
The Huduma Kenya ("Kenyan Services") program is a Kenyan Vision 2030 project which aims to expand access to governmental services in Kenya. It was established on November 7, 2013 by President Uhuru Kenyatta ; its establishment coincided with the launch of the first Huduma Centre at the General Post Office in Nairobi.
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