Kenya’s Jubilee Holdings to spend $40 mln on expansion | Reuters

NAIROBI (Reuters) – Kenya’s Jubilee Holdings plans to invest $40 million by the end of 2012 to fund an expansion across Africa over the next two years, its Chairman said on Wednesday.

Nizar Juma told Reuters the Nairobi-listed insurance company, which launched operations in Mauritius and Burundi earlier this year, would aim to move into at least two more markets in 2011 and at least another two next year.

Jubilee Holdings already operates in Kenya, Uganda and Tanzania but is seeking to tap new markets across the continent.


Author: ismailimail

Independent, civil society media featuring Ismaili Muslim community, inter and intra faith endeavors, achievements and humanitarian works.

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