The arrangement, subject to certain closing conditions, including regulatory approvals in Kenya, is expected to see Holmarcom Insurance Activities along with Kamu Group, and Maisha Microfinance Bank becomes the company’s primary stakeholder, a 51 percent stake.
Monarch Insurance is set to gain from Holmarcom’s subsidiaries’ product innovation in areas such as health insurance. Holmarcom will benefit from Monarch Insurance’s networks and in-market knowledge as a result of the acquisition.
Access To 12-Month WT Membership
Access To WT's Conferences & Events
Access To All WT's Research Reports On Africa
Access To Podcasts, Video Content & Recordings
Access To All Premium Newsletters
Unlimited Access To WT's Content Archive