Jubilee Holdings #ticker:JUB plans to expand its life and medical business using the Sh7.7 billion it will receive in its deal with Munich-based insurance giant Allianz SE.
The Nairobi Securities Exchange-listed firm is selling majority stakes of between 51 percent and 66 percent in its short-term insurance units in Kenya, Uganda, Tanzania, Burundi and Mauritius to Allianz.
