Wazua
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LION + ICEA = NIC?
Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Hidden in the Nation today is a small article by Kaplan & Stratton announcing the sale of ICEA general insurance business to Lion Of Kenya Insurance. Is this a case of NIC taking from the left pocket to the right pocket?
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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NIC, Lion of Kenya, ICEA, Karirana Tea Estates and real estate firm Knight Frank Kenya are part of First Chartered Securities which is owned by the Ndegwa family.
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Rank: Member Joined: 1/22/2011 Posts: 193 Location: nairobi
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Gordon Gekko wrote:Hidden in the Nation today is a small article by Kaplan & Stratton announcing the sale of ICEA general insurance business to Lion Of Kenya Insurance. Is this a case of NIC taking from the left pocket to the right pocket? i would think so; arent they all part of the FC Companies
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Wazua
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Investor
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LION + ICEA = NIC?
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