US Dollars. PHOTO| FILE Three Nigerians suspected to enjoy the backing of a powerful Kenyan politician and two Kenyans wired Sh25.6 billion between October and November 2020, setting off alarm bells in Europe and at the global police agency Interpol over possible money laundering. Bank statements provided by a European investigator revealed a cross-continental operation […]
US Dollars. PHOTO| FILE Three Nigerians suspected to enjoy the backing of a powerful Kenyan politician and two Kenyans wired Sh25.6 billion between October and November 2020, setting off alarm bells in Europe and at the global police agency Interpol over possible money laundering. Bank statements provided by a European investigator revealed a cross-continental operation […]
Nizar Juma, the Jubilee Holdings Ltd chairman. PHOTO | COURTESY Seven years ago, we took a decision to reduce our investments in the NSE and increase them in non-quoted securities and in government securities. That has paid off, and now we are solid. General insurance is becoming a commodity. Everybody with a briefcase is selling […]
Nairobi — Jubilee Holdings shareholders are set to receive a total dividend of Sh1.015 billion including a special dividend of Sh14 per share after the underwriter reported a 7 per cent jump in net profits for the full year ended December 31, 2021. The underwriter on Thursday announced that its net profit for the year […]
Kenya and DR Congo on Friday signed a bilateral agreement on cooperation in agriculture, livestock and fisheries sectors. This was immediately after the vast mineral rich new EAC member signed the treaty of accession into the regional bloc. The objectives of the agreement include promoting increased agricultural productivity in Kenya and DR Congo, encouraging joint […]
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 Holdings Chairman Nizar Juma. [David Gichuru, Standard] Jubilee Holdings has made inquiries about the possibility of expanding its underwriting business to Ethiopia and the Democratic Republic of Congo (DRC) . Jubilee Holdings Chairman Nizar Juma said last Thursday that the insurer is open to acquiring an insurer in Ethiopia and setting up a greenfield […]
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 […]
Jubilee Holdings Chairman Nizar Juma. [David Gichuru, Standard] Jubilee Holdings has made inquiries about the possibility of expanding its underwriting business to Ethiopia and the Democratic Republic of Congo (DRC) . Jubilee Holdings Chairman Nizar Juma said last Thursday that the insurer is open to acquiring an insurer in Ethiopia and setting up a greenfield […]
Jubilee Holdings Ltd (JHL) Group CEO Julius Kipng’etich, JHL Group Chairman Nizar Juma and JHL Group Chief Operating Officer Juan Cazcarra during the release of the insurer’s 2021 full year financial results on March 31, 2022. PHOTO | JEFF ANGOTE | NMG The company posted an eight percent growth in its medical insurance division, but […]
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