AfricInvest Increases its Britam's Stake to 16.26%

AfricInvest has increased its stake at Britam Holdings to 16.26 per cent, after acquiring 49.3 million shares worth Ksh450 million.

Last year, the private equity firm bought 360.8 million new shares from the underwriter at Ksh5.7 billion.

The aggressive buying spree means that AfricInvest’s total investment at Britam stands at Ksh6.2 billion.