Dubai based AJ Capital has acquired a 51% stake in Kenyan start-up, Insurance For All. Insurance For All is a micro insurance start-up company that was established in 2014 when it received its practicing license from the Kenyan Insurance Regulatory Authority. It offers health disability and death insurance products.
AJ Capital is the owned by the Al Jallaf family which is one of the top 10 wealthiest families in the United Arab Emirates. The family is estimated to be worth over US$7 billion and the AJ Capital has investments in the Middle East, Europe, Africa and Asia.