NAIROBI, Kenya Jan 20 – Jubilee Holdings Company is eyeing rapid expansion of its insurance business in Africa, targeting to move into 15 new markets.
The company, which is listed on the Nairobi Stock Exchange, is looking to move into the West, Central and Southern Africa regions within the next five years.
Jubilee Insurance Kenya Chief Executive Patrick Tumbo said on Thursday, the move forms part of the company’s strategy to become a Pan-African insurer.
“In Northern Africa we want to go to Egypt, Libya and Tunisia. In the west coast, we are eying Ivory Coast, Mali, Burkina Faso and in the East coast, we are remaining with Malawi and Zambia. We even want to go into Zimbabwe,” he said.
Jubilee Holdings is part of the Aga Khan Development Group, which has a 37 percent stake. Regionally, Jubilee Holdings is listed at Uganda Securities Exchange.
via Capital FM Kenya: Jubilee insurance targets 15 new markets.
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