aw i , ▁and ▁Moz amb ique . ▁It ▁had ▁been ▁a ▁player ▁in ▁the ▁Ken yan ▁ins urance ▁sector ▁since ▁ 1 9 1 0 . ▁This ▁transaction ▁led ▁to ▁the ▁expansion ▁of ▁Brit am ▁to ▁T anz ania , ▁Mal aw i , ▁and ▁Moz amb ique . ▁Brit am ▁and ▁Real ▁In sur ance ▁only ▁had ▁parallel ▁ins urance ▁business es ▁in ▁Ken ya . ▁The ▁Ken yan ▁business es ▁would ▁be ▁cons olid ated . ▁The ▁ac quisition ▁of ▁Real ▁In sur ance ▁was ▁approved ▁by ▁the ▁share hold ers ▁of ▁Brit am ▁on ▁ 1 9 ▁February ▁ 2 0 1 4 . ▁ ▁In ▁April ▁ 2 0 1 4 , ▁the ▁group ▁announced ▁its ▁intention ▁to ▁ac quire ▁ 3 0 ▁percent ▁of ▁Cont inental ▁Re ▁Ken ya ▁Limited , ▁a ▁fully ▁owned ▁subs idi ary ▁of ▁Lag os - based ▁Cont inental ▁Re ins urance ▁Pl c ., ▁in ▁a ▁deal ▁val ued ▁at ▁K Sh 3 0 0 ▁million ▁( appro xim ately ▁US $ 3 . 4 ▁million ). ▁This ▁ac quisition ▁was ▁in ▁a ▁bid ▁for ▁the ▁group ▁to ▁cons olid ate ▁its ▁market ▁share ▁and ▁bro aden ▁re venue ▁sources . ▁The ▁ac quisition ▁will ▁be ▁fund ed ▁by ▁a ▁planned ▁bond ▁issue . ▁ ▁On ▁ 3 0 ▁June ▁ 2 0 1 4 , ▁British - American ▁In vest ments ▁Company ▁served ▁a ▁take over ▁notice ▁on ▁the ▁board ▁of ▁direct ors ▁of ▁the ▁H ous ing ▁Fin ance