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Jubilee Insurance to merge Ugandan units in cost-cutting plan
Jubilee Holdings Limited Chairman Zul Abdul poses for a picture during the release of the 2024 Jubilee Holdings Limited Full Year Financial Results at their offices in Upper Hill, Nairobi on April 3, 2025.
Jubilee Insurance’s parent firm, Jubilee Holdings Limited (JHL), is planning to merge two of its three subsidiaries in Uganda in a bid to cut costs, streamline operations, and boost the firm’s competitiveness in the Kampala market.
The Nairobi-based insurer said in a public announcement Thursday that its board has approved the amalgamation of the two units that have separately been offering health and life insurance in the market.
