Britam Holdings Plc engaged 169 local suppliers and spent more than KSh3.1 billion on procurement in 2025, demonstrating its commitment to strengthening local businesses and driving economic growth.
According to the company’s 2025 Sustainability Report, the insurer awarded contracts worth KSh 3.11 billion to local suppliers, which was more than the KSh 343.9 million awarded to 188 non-local suppliers.
Under its preferential procurement programme, women-owned businesses secured contracts worth KSh10.7 million, while youth-owned enterprises received tenders valued at KSh51.8 million.
Britam said the initiative is part of its broader strategy to support local enterprise development, expand access to business opportunities, and increase participation of underrepresented groups in its supply chain.
Britam Spends KSh62.6 Million on Women and Youth-Owned Businesses in 2025
In total, Britam Holdings spent KSh62.6 million on contracts awarded to women- and youth-owned businesses in 2025 as part of its efforts to promote supplier diversity and inclusive procurement.
The insurer revealed that it offers a 50 percent discount on supplier prequalification fees for women- and youth-owned enterprises, while suppliers owned by persons with disabilities (PWDs) receive a full waiver of prequalification charges.
Britam also reported that all suppliers were screened under its Environmental, Social and Governance (ESG) framework, with procurement decisions factoring in responsible business practices, ethics and inclusivity.
According to the company, 83 women-owned businesses and 23 youth-owned enterprises were among its prequalified suppliers during the year.
One supplier was identified as being led by a person with a disability.
The company said its procurement strategy also prioritizes local suppliers that meet ESG standards, a move aimed at supporting small and medium-sized enterprises (SMEs) and expanding opportunities for underrepresented groups.
Britam noted that the measures form part of its broader supplier inclusion programme, which seeks to increase participation by women, youth and persons with disabilities in its supply chain while strengthening local economic development.
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How Britam Tightens ESG Standards for Suppliers
Britam has strengthened sustainability requirements across its supply chain by requiring suppliers to meet strict ethical, social and environmental standards before doing business with the company.
According to the insurer, all suppliers undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) screening, including checks for Politically Exposed Persons (PEPs), during onboarding and at various stages of engagement to ensure continued compliance.
The company also requires vendors to sign and adhere to its Code of Conduct, which outlines expectations on ethics, anti-corruption measures and responsible business practices.
Britam’s procurement opportunities are publicly advertised on its website and are evaluated through a competitive, merit-based process to ensure fairness and transparency in supplier selection.
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How to Bid for Tenders at Britam
Britam requires all interested suppliers to formally express their intention to participate in a tender before submitting a bid.
According to the company’s procurement guidelines, bidders must acknowledge receipt of the Request for Proposal (RFP) and notify Britam of their intention to participate within three working days of receiving the tender documents.
The notification must be sent via email and accompanied by a signed registration form.
Before submitting a proposal, bidders are expected to carefully review all tender requirements and ensure they fully understand the scope, conditions and obligations outlined in the RFP.
The company also maintains strict confidentiality rules, prohibiting bidders from sharing tender documents or any information contained in them with third parties without prior written approval.
Firms that fail to confirm their participation within the stipulated timeframe are considered to have opted out of the tender process and may be removed from consideration.
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