Djibouti’s Firm Gets Nod to Acquire 65pc Stake in Takaful Insurance

Nairobi — The Competition Authority of Kenya (CAK) has approved a 65 percent acquisition of Takaful Insurance of Africa Limited’s issued share capital by Tamini Insurance S.A., a private limited liability company incorporated in Djibouti.

CAK says that the approval is unlikely to negatively impact general insurance services competition.

“The proposed transaction involves the acquisition of 65% of the issued share capital in Takaful Insurance of Africa Limited by Tamini Insurance S.A. The…