July 2019

Slow market compels CIC to sell 712 acres in Kajiado

CIC Insurance is selling 712 acres of freehold land in Kajiado and Kiambu counties in transactions that are expected to earn it upwards of Sh10 billion. The disposals come as the Nairobi Securities Exchange-listed firm prepares to redeem its Sh5 billion bond on October 2. CIC has carried the land holdings at cost, meaning that…Read More→