Nairobi, July 16 -- Mauritius-based insurer MUA Limited is weighing recapitalisation of its Kenyan subsidiary following the uncovering of Sh1.6 billion hidden liabilities through a forensic audit that was concluded last year.

The group, which has operations in six countries including Mauritius, Uganda, Rwanda, Tanzania and Seychelles, says its Kenyan unit remains under pressure due to foreign exchange losses and under-capitalisation.

MUA says in the latest review of operations in 2025 and the first quarter of 2026 that the under-capitalisation of the Kenyan arm has constrained growth and customer acquisition and it is working with the regulator to resolve the issue.

"MUA Kenya's profitability remained under pressure due to foreign exch...