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[2008-07-15] Kenya-Re Eyes Bolder Global Presence
Kenya-Re is seeking Sh390 million to improve its financial strength and get a better international rating to attract more global businesses.
The company has already raised Sh190 million after it sold off its seven-storey property in Mombasa to the University of Nairobi. It expects to raise the balance from the intended sale of its South C sports complex in Nairobi.
The sale of the Nairobi property whose bids have been invited is part of the company's investment rationalising process, which is now being driven by shedding off some of its non-strategic commercial properties.
