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Jubilee Insurance profit more than doubles in H1

Jubilee Insurance posted a Sh4.5 billion profit after tax for the half-year ended June 30, a 150 per cent jump compared to Sh1.8 billion reported same period last year. The sale of its Kenyan General Insurance business to the Allianz Group, priced at $100.93milion came to a completion in Q1 of 2021 but regulatory approvals in other markets namely; Tanzania, Uganda, Burundi and Mauritius are yet to be completed. Nizar Juma, Chairman at Jubilee Holdings Limited joins CNBC Africa for more.
Wed, 01 Sep 2021 10:27:12 GMT