Insurer Jubilee buys Coca-Cola office at Sh1.1bn

Jubilee Holdings #ticker:JUB has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. The Nairobi Securities Exchange #ticker:NSE -listed firm will lease out part of its current address –Jubilee Insurance House on Wabera Street— […]

Jubilee Holding raises stake in Seacom fibre cable to 18.8%

Jubilee Holding raises stake in Seacom fibre cable to 18.8%

Jubilee Holdings has purchased an additional 10 percent stake in submarine fibre optic cable project Seacom for an undisclosed sum. This raises its ownership in the venture to 18.8 percent. Seacom is a Sh74 billion, 15,000-kilometre submarine fibre optic cable project. links South Africa, Mozambique, Madagascar, Kenya and Tanzania with other international broadband cables and […]