Updated Fri, August 26th 2016 at 00:00 GMT +3Britam Group Managing Director Benson Wairegi during an investors’ briefing yesterday. The firm revealed its development plans after announcing the half year results yesterday, where net profits nearly tripled to Sh1.77 billion, driven by a sharp rise in investment income. Unrealised losses on the fair value of investments in the stock market however eroded the profitability. A market study done by the firm had revealed shortage of top quality institution-backed apartments in Nairobi. The two projects are expected to help the firm diversify from the stock market whose returns are not predictable.

Source: Standard Digital August 25, 2016 21:00 UTC