On Friday October 22, 2021, Allianz, one of the world’s leading insurers and asset managers, became the majority shareholder in Jubilee Insurance Company of Uganda Limited after completing the transaction to acquire a 66% stake in the company from Jubilee Holdings Limited ( USE:JHL ), East Africa’s largest insurance group. The stake acquired by Allianz […]
WHAT an eventful week for the Dar es Salaam Stock Market as banks and the Exchange released their quarter three results, the cement sector announcing a major acquisition, while JATU gives a roadmap of the next five years for the company, and most of this have been nothing short of amazing news. Despite the all-round […]
The acquisition follows the execution of an agreement signed on September 29, 2020, whereby Allianz agreed to acquire the majority shareholding in the short-term general (property and casualty) insurance business operations of Jubilee Holdings Limited, in the five countries. Allianz, one of the world’s leading insurers and asset managers has acquired a majority stake in […]
Executives addressing participants during the official announcement in Kampala on Oct.05. Following the successful completion of the separation of the business of Jubilee Insurance Company of Uganda Limited into separate general and medical insurance companies, executives from both sides said on Oct.05 in Kampala, they are proceeding to close Allianz Group purchase of a 66% […]
German insurer, Allianz has acquired a majority stake in Uganda’s Jubilee insurance, making it the largest insurance group in the East African region. The acquisition follows an agreement with Jubilee Holdings Limited to cede 66% of the company’s short-term general (property and casualty) activities to the German insurer, in five east African countries including Uganda, […]
The Blue Company Project board members and other partners make a toast during the launch of the initiative in Nairobi. Private companies have unveiled a drive to fight corruption. The Blue Company Project, a brainchild of the Jubilee Holdings Chairman Nizar Juma , commits member companies in the country and the region to shun corruption. […]
Foreign investors made net sales on the Safaricom #ticker:SCOM and EABL #ticker:EABL stocks at the Nairobi Securities Exchange (NSE) last week, pulling down the share prices of these stocks as well as the bourse’s market capitalisation. The net outflows on the foreign desk — which accounted for 45.5 percent of total market turnover — stood […]
A growing list of Kenyan companies are looking for investment opportunities in the Democratic Republic of Congo (DRC) shifting focus from the East African Community. This as the mineral-rich economy turns out to be a fertile hunting ground for top firms, with the World Bank and the African Development Bank tipping the nation as the […]
Everything was dropping on the stock market during the week that ended on the 24th of September 2021, from market capitalization and indices, to the equity turnover and number of deals. While some counters, including TBL and NICOL released half year financial results, but the results of TBL had no impact to entice activities on […]
Chairman Nizar Juma noted that the significant growth achieved during the period strengthens its position as a regional market leader/FILE NAIROBI, Kenya, Aug 30- Regional insurer, Jubilee Holdings Limited Sunday announced a profit of Sh4.5 billion in its half-year net earnings compared to Sh1.8 billion posted in a similar period last year. The group through […]
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