The National Assembly has approved an allocation of Sh1 billion to the National Treasury for the planned purchase of a multi-storey office block owned by Jubilee Holdings in Nairobi’s central business district (CBD).
The building, known as Jubilee Insurance House, is located on Wabera Street in the Nairobi CBD and was vacated by the insurer about a year ago after it moved operations to a larger head office on Kilimanjaro Avenue in Upper Hill.