Jubilee Holdings #ticker:JUB is spending $4 million (Sh461 million) to build a head office for its Tanzanian operations in a move that will save the insurer tens of millions of shillings in rent.
The development comes as the insurer also plans to move its group corporate headquarters from Nairobi’s Wabera Street to Upper Hill in a building previously owned by Coca-Cola and which it spent Sh1.1 billion to acquire.
