Page 5 - Peter Munga News Today

Businessman Peter Munga is challenging the findings of a Mauritian commission of inquiry over his purchase of Britam shares.

The shares had been seized by Mauritius government in 2015 from its citizen Dawood Rawat Bramer for running a Sh71 billion Ponzi scheme.

Munga being probed for having acquired $43.51 million worth of the insurer’s shares using false pretenses in a deal shrouded in secrecy.

How Munga got Sh135m for Britam shares he didn’t own Summary The tycoon inked a secret deal with top officials of Mauritius government giving up the rights to earn dividends on the shares before Mr Munga acquired the stock. The insurance firm declared a dividend of Sh0.3 per share for the year ended December 2015. The book closure date — the day when the company’s share registrar determined who would be eligible for the dividends — was June 9, 2016. Thursday August 05 2021 By VICTOR JUM...

Munga secret Britam deal leaves Mauritius with Sh3.9bn loss Tuesday August 03 2021 By VICTOR JUMA Summary After buying the shares, Mr Munga would later sell them in two tranches at undisclosed prices that are expected to have earned him billions of shillings in capital gains. He first sold 104 million shares in 2017 in the open market and followed it up with the disposal of 348.5 million shares to Zurich-based multinational Swiss Re in 2018. Mr Munga called the roundabout transactions a “Mano...

Governor Mwangi Wa Iria, one of the leaders eyeing for the kingship of Mt Kenya region and among leaders opposing the speaker's coronation, attended the event.

THE STANDARD By Ndungu Gachane | March 6th 2021 at 00:00:00 GMT +0300 National Assembly Speaker Justin Muturi installed as Mt Kenya East spokesman at Njuri Ncheke elders shrine in Meru on Saturday. [Phares Mutembei, Standard] National Assembly Speaker Justin Muturi has been installed as Mt Kenya region’s spokesperson today, joining a number of leaders angling to succeed President Uhuru Kenyatta’s kingship.  Speaker Muturi’s coronation was held at Njuri Ncheke shrine in Nchiru, Meru Cou...

THE STANDARD By Ndungu Gachane | March 6th 2021 at 00:00:00 GMT +0300 National Assembly Speaker Justin Muturi installed as Mt Kenya East spokesman at Njuri Ncheke elders shrine in Meru on Saturday. [Phares Mutembei, Standard] National Assembly Speaker Justin Muturi has been installed as Mt Kenya region’s spokesperson today, joining a number of leaders angling to succeed President Uhuru Kenyatta’s kingship.  Speaker Muturi’s coronation was held at Njuri Ncheke shrine in Nchiru, Meru Cou...

Kenyans take the reins in top firms Thursday December 24 2020 Mr Allan Kilavuka (left) was confirmed as Kenya Airways CEO after Sebastian Mikosz resigned. Ms Jane Karuku (centre) was named EABL managing director, becoming the first Kenyan woman to lead the brewer. Mr Peter Ndegwa became the first Kenyan to lead Safaricom PLC , East Africa’s biggest company. FILE PHOTOS | NMG By VICTOR JUMA Summary Some of the executive changes this year took place at the country’s biggest companies where Ke...

THE STANDARD By Dominic Omondi | December 22nd 2020 at 04:00:00 GMT +0300 Britam Group Managing Director Benson Wairegi. [Wilberforce Okwiri, Standard] If it is lonely at the top, then Benson Wairegi has endured a long streak of loneliness. And now, after 38 years of occupying the corner office at Britam, Wairegi will be climbing down from the ‘cold room’ currently domiciled on the 29th floor of Britam Tower in Upper Hill, Nairobi. His contract comes to an end on December 31, 2020.   “...