Kenya to raise its stakes in Africa insurer
Business
By
James Wanzala
| Jul 09, 2026
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.
He also presented ATIDI with the title deed for land for the construction of its permanent headquarters.
Ruto issued a clarion call for Africa to strengthen its financial institutions and fund its development on its own terms.
READ MORE
Government should address issues raised by young people without resorting to intimidation
Subaru driver in a dramatic high-speed chase after alleged hit-and-run in Nairobi
Bottled water exempted from excise duty
Kenya out to increase its participation at LA28
Initiative to upskill youth in construction sector launched
Cyril Maloba: The math teacher who refused to stop
Knec call for KCSE candidates as curtain falls on 8-4-4 education system
'A criminal act of the State,' Orengo says of Lichuma torture claims
From Kenya to Zambia: Kenyan firm wins role in school meals overhaul
'Mr Speaker Sir' freed on Sh100,000 bond in Sh41m Parliament damage case
“For years, we have called for a fairer global financial architecture, one that stops mispricing African risk and making our capital needlessly expensive. That call remains right. But Africa cannot wait for reform elsewhere. While the world debates reform, Africa must build,” Ruto said.