Kenya to raise its stakes in Africa insurer

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President William Ruto and ATIDI CEO Manuel Moses during the ATIDI's 26th Annual Gneral meeting held at State House, Nairobi last week. [PCS]

Kenya plans to increase its shareholding in the continental insurer African Trade and Investment Development Insurance (ATIDI) to $65 million (Sh8.4 billion) from the current $25 million (Sh3.23 billion).

This is according to President William Ruto, who spoke during the 26th Annual General Meeting (AGM) of the ATIDI, which took place in Nairobi.

Ruto said Kenya will, subject to the necessary national processes, progressively increase its shareholding.