In 1946, marking the celebration of the Diamond Jubilee of Sir Sultan Mahomed Shah, the late grandfather of the Aga Khan, the Diamond Jubilee Investment Trust Company Limited (DJIT) was established. Headquartered in Dar es Salaam, it served East Africa with branches in Mombasa, Kampala, Nairobi and Kisumu. It obtained full commercial banking licence in 1997 and was renamed the Diamond Trust Bank Tanzania Limited (DTBT). Through its regional affiliates in Kenya, Uganda and Burundi, it provides services to small and mid-sized corporate as well as retail customers in East Africa. Currently with 24 branches across Tanzania, it provides services to small towns and adjoining rural populations. Its services include e-banking, m-money and 24/7 online banking.
The Jubilee Insurance Group, which was incorporated in 1937, offers a variety of insurance products. Jubilee Insurance Tanzania, a leading insurance company headquartered in Dar es Salaam, has branches in Mwanza, Arusha, Mbeya and Zanzibar. It has launched Lady Jubilee Motor Insurance and BimaAfya, a health insurance product using M-pesa. It will soon roll out agribusiness insurance packages for farmers.