IFC to Buy 11% Stake in Kenyan Insurance Company Zep-Re

 In news

World Bank’s private lending arm to acquire stake in Zep-Re in 1.9b-shilling deal, Nairobi-based Business Daily newspaper reports, citing disclosure document.

* Kenya Re, which currently owns ~16% of Zep-Re, opposes IFC purchase because it will dilute co.’s stake;
* German Investment Corp. already owns 11% of Zep-Re, while AfDB holds 14.5%. Source: Bloomberg

Recent Posts
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text.

Start typing and press Enter to search