Background of Britam Insurance Uganda Limited

Background of Britam Insurance Uganda Limited

Britam is a leading diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region, with operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi. The group offers a wide range of financial products and services in Insurance, Asset management, Banking and Property.

• Our Mission : providing you with financial security every step of the way.
• Our Vision : To be the leading diversified financial services company in our chosen markets across Africa.
• Our Values : Respect , Integrity ,Innovation and Customer focus.

We aim to provide our clients, with an unmatched offering, ensuring first class solutions that help secure the future.

Banking Holding

Britam has a stake in the following financial institutions:

• Equity Bank
  • Britam holds 10.64% stake in Equity Bank, making it the second largest single shareholder in the Bank.
  • Equity Bank has the largest customer base among commercial banks in the Kenya.
  • Equity is credited with extending banking services to a larger demographic population through its accessible and flexible microfinance service provisions. This has cemented its position at the forefront of the industry.
  • It is one of the most highly capitalized banks in the region and has received both local and international accolade for its transformational financial model.
  • Britam aims to enhance the relationship with Equity Bank for more business with while at the same time extending a wide range of banking properties to diversify.
• Housing Finance
  • Britam has a 48.82 % stake in Housing Finance.
  • HF is one of the largest mortgage companies in East Africa and is the only mortgage lender listed on the Nairobi Securities Exchange.
  • The housing industry in Kenya is growing spurred partly by government plans to provide improved housing for citizens, the growth of the middle income class and improved economic activities.
  • For 45 years HF has played a key role in enabling Kenyans to buy, build and own their homes making it the country’s leading mortgage provider.

Britam Foundation

The Britam Foundation stands as a charity, a subsidiary of Britam, incorporated to solely focus on implementing our corporate social responsibilities. The Key objective of the Britam Foundation is to enrich the lives of marginalized peoples throughout Eastern Africa, by creating and contributing to the implementation of sustainable developmental solutions. We accept proposals for funding. To submit a proposal or find out how you can partner with Britam to contribute to sustainable development in the region, kindly see our Funding Guidelines :

What do we fund?

The Britam Foundation will consider general types of sponsorships that fall under the following categories:

• Skills
• Economic Empowerment
• Water
• Education
• Health
• Sports
• Disaster Relief
• Arts and Culture
• Environmental Conservation

Who do we fund?

• Projects to be implemented in the regions which we operate
• Legally registered community groups or NGO’s

How to submit proposals?

Proposals should be submitted in writing through post or email to the attention of The Britam Foundation committee.

How and when are proposals appraised?

Frequency – All proposals are appraised by a committee that will sit in September each year before the preparation of the budgets. If a project is not viable due to budget constraints, the committee may wish to withdraw or push the project to the coming year(s).
Review criteria – The criteria used will be as outlined in the CSR policy and the areas that Britam foundation wishes to concentrate on.
Alignment to focus area of foundation – The foundation committee will only be mandated to review the proposals as outlined in the CSR framework.
Proposed objectives and activities – All proposed activities must be genuine and a report on the success of such activity must be prepared by the foundation committee.
Prospects of community engagement/ participation – Staff will be encouraged to participate in these projects as a sign of unity. The foundation committee will communicate any upcoming event/activity and encourage members of staff to participate. Sensitization of same to the community will be done in time to ensure participation. This is through advertisements, media campaigns, posters etc.
Budgets – All budgets will be reviewed during the main company planning budget and amounts allocated must be utilized for the purpose required.

What is the funding approval process?

• Availability of funds and time
• Scope as per CSR framework
• The score given by the foundation committee and the independent team.