Jubilee awarded Best in Pensions

By Eric Akasa

 East Africa’s insurance group Jubilee Holdings Limited has been awarded The Best Quoted Company of the Year (runner up) and Best Pensions Fund awards at the Capital Markets Authority (CMA) awards 2012.

Jubilee was recognized as the best Pensions provider in Kenya, based on stable investment returns, customer service and security. The Best Quoted Company of the Year recognized Jubilee’s consistent good returns to shareholders, among other performance measures.

“These awards are a testimony of the high value Jubilee continues to deliver to its investors, and the strategies the company has put in place to ensure sustainability of these high returns in the long term,” said Jubilee Holdings Chairman Nizar Juma.

Mr Juma said since listing in the Stock Exchange in 1984, there has never been a year Jubilee has not paid dividends. Its dividend payout has also consistently risen, and the company has never called for a rights issue even as it continues to expand regionally. Jubilee is presently in five countries; Kenya, Uganda, Tanzania, Burundi and Mauritius, with plans to grow to 15 African countries by the year 2020.

Jubilee also invests in high net worth projects including Kenya’s first independent power producer Tsavo Power Company in Kipevu; Bujagali Power Project in Uganda and SEACOM fiber options submarine cable. Jubilee also has investments in banking, tourism, food processing among other enterprises in Kenya and East Africa.

The CMA Awards recognize Nairobi Stock Exchange listed companies. In picking winners for the Best Quoted Company of the Year, judges were looking at a company’s good performance as a measure of key financial parameters like earnings per share, return on equity, and return on assets, profitability and dividend yield. Other judging criteria included corporate governance among other achievements.

This was the third edition of the CMA awards organized by Think Business, which also runs the Banking Awards, Insurance Awards and SACCO Awards. Earlier this year Jubilee won 10 awards at the Annual Insurance Awards.