Allianz acquires majority stake in Jubilee Insurance
May 19, 2021 Written by Ernest Jjingo
Allianz, one of the world’s leading insurers and asset managers, has become the majority shareholder in Jubilee Holdings Limited (JHL)in Kenya.
This follows the acquisition of a 66 per cent stake in the company. According to the memorandum of understanding signed by the two parties, Allianz will follow up with the completion of acquisitions of Jubilee General Insurance businesses in Tanzania, Uganda, Burundi and Mauritius.
This follows the execution of an earlier agreement whereby Allianz agreed to acquire the majority shareholding in the short-term general insurance business operations of JHL in in the five countri
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‘Early Dreamers’ launched in UAE
ABU DHABI, 5 hours, 9 minutes ago The UAE’s Golden Jubilee Committee and Federal Youth Authority have launched the ‘Early Dreamers’, an initiative that invites all citizens and residents of the UAE to share stories of the individuals who have helped - and continue to help - shape the nation. The initiative is being rolled out in phases, starting with the ‘Early Dreamers’ phase which will run from 25 April to 30 June 2021, in which we reflect on the stories of the individuals who have had an impact on the UAE’s first 50 years. Later editions of the initiative will focus on capturing the hopes and ambitions of our current and future dreamers, as we embark on our journey towards the next 50 years.
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An initiative has been launched giving people in the UAE the opportunity to tell the stories of unsung heroes
who helped shape the nation over its first 50 years
.
The Early Dreamers project was announced by the UAE’s Golden Jubilee Committee in association with the Federal Youth Authority on Sunday.
This first phase
switch to “current and future dreamers”.
The holy month of Ramadan is an ideal opportunity to explore these stories
Al Nazari, Federal Youth Authority
“We are a nation of dreamers who do, said Shamma Al Mazrui, Minister of State for Youth and a member of the UAE Golden Jubilee Committee.