Britam Kenya Assures Investors Over Mauritius Regulatory Action

British-American Investment Co., the Kenyan money manager known as Britam, sought to assure investors that it’s unaffected by regulatory action taken against two associated Mauritian companies.

Mauritius’s central bank on April 3 revoked Bramer Banking Corp.’s license and the Indian Ocean island nation’s Financial Services Commission appointed conservators for BAI Co., an insurer owned by the same company that controls Bramer. Dawood A. Rawat and Moussa I. Rawat, who are directors of the two Mauritian companies, have since resigned as directors of Britam Kenya, Britam Chairman Francis Muthaura said on Monday.