By Valentine Mumbi
Jubilee Holdings has officially opened its new state-of-the-art headquarters in Upper Hill, Nairobi, marking a significant investment in Kenya’s financial and insurance sectors.
The landmark event was officiated by Prime Cabinet Secretary Musalia Mudavadi, who also celebrated the exemplary leadership of outgoing Chairman Mr. Nizar Juma, who has steered the company for over two transformative decades.
“I had the opportunity to officially open the new headquarters of Jubilee Holdings in Upper Hill, Nairobi, and to celebrate the remarkable leadership of Mr. Nizar Juma, who steered the company for two transformative decades,” stated the PCS.
The launch not only commemorated the physical expansion of the company but also underscored its commitment to growth, innovation, and social impact in Eastern Africa.
In his address, Mudavadi lauded Jubilee’s pivotal role in shaping the financial and insurance landscape, noting its alignment with Kenya’s Universal Health Coverage (UHC) goals.
Jubilee’s expansive reach—boasting over 1.4 million clients, nearly 1,000 staff, and more than 5,000 agents across the region—positions it as a key player in providing life, health and asset insurance solutions across East Africa.
The new facility is expected to enhance operational efficiency and bolster Nairobi’s position as a financial and logistics hub in the region.
Jubilee Holdings, founded in 1937, is East Africa’s largest insurance group and a member of the Aga Khan Development Network.
The company has built a strong reputation for community-focused initiatives, including efforts to support vulnerable groups through healthcare financing, financial literacy, and social protection programs.
Mudavadi emphasized that while Jubilee’s achievements are commendable, the insurance sector as a whole must address persistent barriers such as limited access, affordability, and public awareness.
He urged industry players to take inspiration from Mr. Juma’s leadership and work collaboratively to improve insurance uptake across the country.
“We must all take inspiration from Mr. Juma’s legacy and Jubilee’s impact. As key players in the insurance sector, it’s time to confront persistent challenges, chief among them the low uptake of insurance,” he urged.
The event brought together stakeholders from government, the private sector, and development agencies, all unified in the belief that inclusive insurance is key to building economic resilience.
Jubilee’s continued investment in infrastructure and social impact signals its determination to lead in both market share and meaningful change.