The Kenyan insurer has significantly improved its unit economics but still needs to restructure its debt to better appeal to investors before its IPO in Nairobi.
Old Mutual Holdings Plc, after years of successive mergers and re-branding, will restructure KSh9bn worth of shareholders’ debt to create some breathing space and pave the way for an IPO in Kenya.Get unlimited access to our exclusive journalism and features today.
Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.Nigeria’s Moniepoint plans Kenya expansion after Kopo Kopo purchaseKenya is eyeing a Public-Private Partnership agreement to avoid incurring more debts as Uganda is poised to finalise a deal with Turkish company Yapi ...
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