The Kenya Reinsurance Co-oporation is seeking to sell several of its prime properties. In advertisements placed in Kenyan newspapers on Monday, 16th August 2010, the corporation invited interested buyers to bid for properties that vary from a sports complex to undeveloped plots in Nairobi as well as other parts of the country. The sale of these properties is in line with Kenya Re's strategy to reduce the percentage of their assets that are in the real estate sector and invest the proceeds to more liquid assests such as stocks, bonds and bank deposits. |