Sources close to the transaction reckon that Absa Group will seek at least Sh3.8 billion for the two stakes.

Sources close to the transaction reckon that Absa Group will seek at least Sh3.8 billion for the two stakes.

Absa Group is selling its 63.32% stakes in two Kenyan insurers to First Assurance Investments, a Mudavadi-linked firm, for at least US$29 million.