Jubilee Insurance starts activities in DR Congo and is gearing for establishment in Ethiopia and Madagascar
Saturday, 17 October 2015 16:45
Kenyan group Jubilee Insurance announced, on 12 October, having started operations in the Democratic Republic of Congo as part of an expansion programme in sub-Saharan Africa which also includes having a presence in Ethiopia and Madagascar prior to the end of the current year.
Commenting during the signing of a partnership agreement with automobile distributor CMC Motors, Patrick Tumbo (photo), Managing Director of the insurance company listed on the Nairobi Securities Exchange, clarified that “negotiations for the acquisition of two companies in Ethiopia and Madagascar are in the final stages”.
Mr. Tumbo also revealed that negotiations on a third company have started, without giving more details on this operation.
Jubilee Insurance is a subsidiary of Jubilee Holdings Ltd, a holding specialised in insurance, based in Nairobi and owning subsidiaries in Burundi, Mauritius, Tanzania, Uganda and Pakistan.
Live News
-
Cameroon’s Vice Presidency Reform: A Response to Political Risk Weighing on Sovereign Ratings
20:33
-
Russia, Facing Western Sanctions, Looks to Egypt for Grain and Energy Hub
20:28
-
Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
20:24
-
Djibouti Launches No-Degree Coding School to Tackle Digital Skills Gap
20:05
-
Ghana's 3Farmate Bets on Robotics to Transform African Farming
14:49
-
Togo Exceeds Bond Target as Strong Demand Drives 4x Oversubscription
14:46
-
Dr. Beaugrain Doumongue: “In Africa, Competitive Intelligence Often Stops at Information Gathering”
12:15
-
IMF appoints Mauritania’s Zeidane to head Africa Department
18:56
-
BCEAO sets June 30 deadline for operators to join instant payment platform
18:52
-
Cameroon higher education group plans microfinance bank for student startups
18:34
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030. ...
Putin proposes Russia-Egypt grain and energy hub to boost trade Egypt seen as strategic hub for redirected Russian exports Project faces uncertainty...
Djibouti launches École 42 digital training network with international partnership Program offers peer-learning, no degrees, focusing on practical tech...
Failing to anticipate market shifts can be costly for African businesses operating in increasingly competitive and volatile environments. Yet many still...
Project targets reduced errors, better traceability and fairness Initiative part of broader government digital transformation efforts Mauritania is...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...