Britam Holdings Plc, the Nairobi-based financial services group backed by prominent Kenyan investors including Jimnah Mbaru, Peter Munga, and James Mwangi, is looking to deepen its footprint in Africa with a planned entry into the Democratic Republic of Congo DRC.
The company, Kenyas largest publicly traded insurer by market value, sees the DRC as an attractive growth market where insurance services remain limited. Britam is considering acquisitions as its entry point, with CEO Tom Gitogo noting that discussions are underway.
Its public that were looking at Congo, Gitogo said. We intend to close this up as soon as possible because the opportunities that exist in the insurance space in DRC are enormous.