First Assurance Investments Limited
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The acquiring company in the transaction, linked to local investors.
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Mudavadi-linked investors agree to buy back Absa’s insurance stakes in a Sh3bn deal
TechTrendsKE - Oct 19, 2026
Investors associated with Musalia Mudavadi and Issa Timamy are set to acquire majority stakes in two Kenyan insurance companies for Sh3 billion. The acquisition involves Absa’s 63.3 percent stake in Absa Life Assurance Kenya and First Assurance Kenya Limited.
Competition Authority of KenyaAbsa GroupMusalia MudavadiIssa TimamyFirst Assurance Investments Limited
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