Allianz Africa S.A acquired 51% stake in The Jubilee Insurance Company of Tanzania Limited from Jubilee Holdings Limited (NASE:JUB) and Aga Khan Fund for Economic Development on May 18, 2022. This is the fourth acquisition to be completed as part of an agreement announced on September 29, 2020
Jubilee General Insurance Company of Tanzania will change its name in due course to Jubilee Allianz General Insurance Company, subject to approvals.

Allianz Africa S.A completed the acquisition of 51% stake in The Jubilee Insurance Company of Tanzania Limited from Jubilee Holdings Limited (NASE:JUB) and Aga Khan Fund for Economic Development on May 18, 2022.