Jubilee Holdings Limited is a financial services holding company with headquarters in Nairobi, Kenya. The company maintains subsidiaries in Kenya, Uganda, Tanzania and Burundi.[1] Its activities are mainly in the insurance sector.[2]
Jubilee Holdings Limited is a large financial services conglomerate in East Africa. As of December 2024, the company controlled assets valued at over US$1,643 million (KES 214 billion), with shareholders' equity of approximately US$393 million (KES 51 billion).[3] representing the largest for an insurance group in the East African Community.
Jubilee Holdings Limited
The following is a list of subsidiaries (50+% shareholding) and associated companies (less than 50% shareholding) of Jubilee Holdings Limited, who together form the Jubilee Group.[4]
Subsidiaries
Jubilee Life Insurance Company of Kenya Limited–100% shareholding–Kenya–
Jubilee Health Insurance Company of Kenya Limited–100% shareholding–Kenya
Jubilee Health Insurance Company of Uganda Limited - 65% shareholding - Uganda
Jubilee Life Insurance Company of Uganda Limited - 65% shareholding - Uganda
Jubilee Health Insurance Company of Tanzania Limited - 51% shareholding - Tanzania
Jubilee Life Insurance Corporation of Tanzania Limited - 51% shareholding - Tanzania
Jubilee Insurance Company of Burundi S.A. - 70% shareholding - Burundi - 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. The two have AKFED as a common shareholder
Jubilee Asset Management Limited - 100% - Kenya - A fund management 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 Center Burundi - 80% shareholding - Burundi - A property investment company.
Associated 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 15,000km 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.
The shares of stock of the holding company are listed on the stock exchanges in Nairobi, Kampala, and Dar es Salaam.[6] The largest shareholders in the company as of December 2015 are listed in the table below:[3]
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