Sanlam Kenya has injected an additional amount of 121.7 million KES (1.23 million USD) in the capital of Gateway Insurance, henceforth called Sanlam General. This move raises Sanlam Kenya [4]’s total investment in the non life insurer to 1 billion KES (10 million USD).
Despite this financial contribution, the shareholding of Sanlam Kenya in Sanlam General remains unchanged at 67.6%. This move is designed to finance the company’s capital.
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[3] https://www.atlas-mag.net/en/issue/disruption-of-the-supply-chain-the-pandora-box
[4] http://www.atlas-mag.net/en/article/sanlam-kenya-results-in-2017