Jubilee Holdings Limited is a financial services holding company, with its headquarters in

Nairobi, Kenya Nairobi is the capital and largest city of Kenya. The city lies in the south-central part of Kenya, at an elevation of . The name is derived from the Maasai phrase , which translates to 'place of cool waters', a reference to the Nairobi Riv ...

. The company maintains subsidiaries in Kenya, Uganda, Tanzania, Burundi, and Mauritius. Its activities are mainly in the insurance sector. Jubilee Holdings Limited is a large financial services conglomerate in

East Africa East Africa, also known as Eastern Africa or the East of Africa, is a region at the eastern edge of the Africa, African continent, distinguished by its unique geographical, historical, and cultural landscape. Defined in varying scopes, the regi ...

, the Indian Ocean Islands, and parts of southwestern Asia. As of December 2013, the company controlled assets valued at over US$678 million (KES:61.16 billion), with shareholder's equity of approximately US$119 million (KES:10.7 billion) The company's subsidiary in Kenya,

Jubilee Insurance Company Limited The Jubilee Insurance Company of Kenya (JICK), mostly known as Jubilee Insurance, is an insurance company in Kenya, which has the largest economy in the East African Community. It is a wholly owned subsidiary of Jubilee Holdings Limited, a mu ...

, was the largest insurance company in that country, the largest economy in the

East African Community The East African Community (EAC) is an intergovernmental organisation in East Africa. The EAC's membership consists of eight states: Democratic Republic of the Congo, the Federal Republic of Somalia, the Republics of Burundi, Kenya, Rwanda, S ...

, according to a report by the Insurance Regulatory Authority, released in December 2014.

Jubilee Holdings Limited

The following is a list of

subsidiaries A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unl ...

(50+% shareholding) and associated companies (less than 50% shareholding) of Jubilee Holdings Limited, who together form the Jubilee Group.

Subsidiaries

* Jubilee Insurance Company Limited – 100% Shareholding –

Kenya Kenya, officially the Republic of Kenya, is a country located in East Africa. With an estimated population of more than 52.4 million as of mid-2024, Kenya is the 27th-most-populous country in the world and the 7th most populous in Africa. ...

– A general and long term insurance provider in Kenya. * The Jubilee Insurance Company of Uganda Limited - 65% Shareholding -

Uganda Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. It is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the ...

- A general insurance provider in Uganda. * Jubilee Life Insurance Company of Uganda Limited - 65% Shareholding - Uganda - A long term insurance provider in Uganda. * The Jubilee Insurance Company of Tanzania Limited - 51% Shareholding -

Tanzania Tanzania, officially the United Republic of Tanzania, is a country in East Africa within the African Great Lakes region. It is bordered by Uganda to the northwest; Kenya to the northeast; the Indian Ocean to the east; Mozambique and Malawi to t ...

- A general insurance provider in Tanzania. * Jubilee Life Insurance Corporation of Tanzania Limited - 51% Shareholding - Tanzania - A long term insurance provider in Tanzania. * The Jubilee Insurance Company of Burundi S.A. - 70% Shareholding -

Burundi Burundi, officially the Republic of Burundi, is a landlocked country in East Africa. It is located in the Great Rift Valley at the junction between the African Great Lakes region and Southeast Africa, with a population of over 14 million peop ...

- A general and long term insurance provider in Burundi. 20% of this venture is held by the group's sister company, The

Diamond Trust Bank Group Diamond Trust Bank Group, in short DTB Group, is an African banking group active in Burundi, Kenya, Tanzania, and Uganda. The flagship company of the group, Diamond Trust Bank Kenya, is licensed by the Central Bank of Kenya, the central bank and ...

. The two have

AKFED Aga Khan Fund for Economic Development SA is a Swiss for-profit entity and international development finance institution which invests in countries of East Africa, West Africa, Central Asia, and South Asia. It is based in Geneva, Switzerland. I ...

as a common shareholder. * Jubilee Insurance (Mauritius) Limited - 80% Shareholding -

Mauritius Mauritius, officially the Republic of Mauritius, is an island country in the Indian Ocean, about off the southeastern coast of East Africa, east of Madagascar. It includes the main island (also called Mauritius), as well as Rodrigues, Ag ...

- A general insurance provider in Mauritius. * Jubilee Financial Services Limited - 100% - Kenya - A

fund management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastru ...

company in Kenya. * Jubilee Investments Company Limited - 100% Shareholding - Uganda - An investments holding company. * Jubilee Investments Tanzania Limited - 100% Shareholding - Tanzania - An investments holding company. * Jubilee Investments Burundi Limited - 100% Shareholding - Burundi - An investments holding company. * Jubilee Center Burundi - 80% Shareholding - Burundi - A property investment company. * Jubilee Insurance DRC - 100% Shareholding - DR Congo - A health insurance company.

Associates companies

* PDM (Holdings) Limited - 37.1% - Kenya - An investment vehicle through which the group has invested in the equity of Property Development and Management (K) Limited which conducts property investment, development and management. * IPS Cable Systems Limited - 33.3% - Mauritius - An investment vehicle through which the group has invested in the equity of the 15,000 km Seacom submarine fiber optic cable. * FCL Holdings Limited - 30.0% - Kenya - An investment vehicle through which the group has invested in the equity of Farmers Choice Limited with its main objective being sale of fresh and processed meat products. * IPS Power Investment Limited - 27.0% - Kenya - An investment vehicle through which the group has invested in the equity of Tsavo Power Company Limited that generates electricity for sale. * Bujagali Holding Power Company Limited - 25.0% Shareholding - Uganda - An investment vehicle through which the group has invested in the equity of Bujagali Energy Limited an electricity generating company in Uganda.

Investment

* Diamond Trust Bank Group - 10.27% Shareholding - A major banking group in East Africa, active in Burundi, Kenya, Tanzania and Uganda. Held through

Shareholding

The shares of

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

of the holding company are listed on the stock exchanges in

Nairobi Nairobi is the Capital city, capital and largest city of Kenya. The city lies in the south-central part of Kenya, at an elevation of . The name is derived from the Maasai language, Maasai phrase , which translates to 'place of cool waters', a ...

Kampala Kampala (, ) is the Capital city, capital and largest city of Uganda. The city proper has a population of 1,875,834 (2024) and is divided into the five political divisions of Kampala Central Division, Kampala, Kawempe Division, Kawempe, Makindy ...

, and

Dar es Salaam Dar es Salaam (, ; from ) is the largest city and financial hub of Tanzania. It is also the capital of the Dar es Salaam Region. With a population of over 7 million people, Dar es Salaam is the largest city in East Africa by population and the ...

. The largest shareholders in the company as of December 2015 are listed in the table below:

Governance

The activities of the Holding Company (The Group), are supervised by an eight-person

board of directors A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulatio ...

, led by Group chairman Nizar N. Juma.

References

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External links

Webpage of Jubilee Holdings Limited

Nairobi Securities Exchange Website
Holding companies established in 1937 1937 establishments in Kenya Holding companies of Kenya Insurance companies of Kenya Companies listed on the Nairobi Securities Exchange Companies listed on the Uganda Securities Exchange Companies listed on the Dar es Salaam Stock Exchange Financial services companies established in 1937