This strong performance is attributed to Jubilee’s diversified business and investment portfolio that cushioned it against Covid-19 pandemic effects. Profit after tax stood at Ksh4.506 billion compared to Ksh1.830 billion in 2020, while total comprehensive income after tax increased by 140% to Ksh4.241 billion from Ksh1.769 billion in 2020.

For the telco giant that was started in an apartment at Norfolk towers in the year 2000, it now seems like Safaricom is a house at war with itself.

According to Association of Kenya Insurers industry report for 2018, insurance penetration in Kenya dropped to 2.43% of Gross Domestic Product (GDP), the lowest in more than a decade

Imarisha Jamii will benefit those in the lower middle class and poor households as it is affordable with policy holders paying as low as Ksh 20 per week in premiums

The move, which was sanctioned at the company's Annual General Meeting, ends months of a search for a substantive holder of the media house

Total income also recorded a 25.2% jump to Ksh 31.27 billion from Ksh 24.98 billion as a result of increased net earned premiums, higher investment income and fair value gains on investments