Regulator, Kenya Re clash over mystery Sh3.3bn ARM stake

Author: Patrick AlushulaPublished on: October 15, 2026Country: Kenya

Business & Economy

Kenya’s Insurance Regulatory Authority (IRA) and reinsurer Kenya Re disagree over a regulatory filing that says Kenya Re bought a Sh3.39 billion stake in Athi River Mining (ARM) Cement. IRA filings for the six months to June show Kenya Re acquired additional shares in the cement company, which was listed on the Nairobi Securities Exchange. ARM Cement went into liquidation in October 2021, prompting questions about the identity of the reported transaction.

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