Britam to offer financial solutions to primary schools in Kenya

By Elisha Kamau

Listed diversified financial services firm Britam has today signed and MoU with the Kenya Primary Schools Headteachers Association (KEPSHA) to offer financial solutions to teachers in the country.

Under the MoU, Britam will offer comprehensive financial solutions to primary teachers, national and county coordinators and also pupils in the country.

Britam Group Managing Director, Dr. Benson Wareigi (left) and Kenya Primary School Headteachers Association (KEPSHA) Chairperson Joseph Karuga present a signed Memorandum of Understanding. Britam have recently entered into a partnership that will them provide financial solutions to primary schools in Kenya

Britam will also offer sponsorship to KEPSHA during their annual general meetings, national outreach programmes for school heads, managers and teachers in the counties.

The Group offers a wide range of financial products and services in insurance, asset management banking and property. The product range include: life, health and general insurance, pensions, unit trusts, investment planning, wealth management, off-shore investments, retirement planning, discretionary portfolio management, property development and private Equity

Commenting on the MoU, Britam Regional Director Insurance, Stephen Wandera noted,” “Foundation of Britam’s success is teachers. Britam is intertwined with the teaching industry and our history has proven that. There are diversified opportunities open to the teaching professionals namely through shareholding, policies, pensions, mortgages and investment schemes. Apart from insurance, we will continuously innovate and customize products that suit the ever hardworking teaching community. By empowering a teacher, we empower the community.” 

On his part KEPSHA Chairperson, Joseph Karuga noted, “We would like to take this opportunity to thank Britam for the kind gesture and consideration to partner with us in this initiative. For a long time, teachers cries have not been heard and little is being done to improve their living standards. Through the partnership, we see this as an opportunity to make a difference in teachers’ welfare in the country.”

This comes at a time when teachers in the country are calling upon the Government to increase their medical allowance, a move that the Government maintains that it’s subject to availability of funds.