Meet our team of driven individuals

Board of Directors-JHL

Nizar Juma


Mr. Juma is the Chairman of Jubilee Holdings Limited and its subsidiaries, and has served in this capacity since July 2004. He chairs the Company’s Board Nominating and Human Resource Committee. Mr. Juma is also a Director of Diamond Trust Bank (DTB) and the regional Chairman at the Industrial Promotion Services group of companies.

Sultan Allana

Board Member

Mr. Sultan Ali Allana is a Director of the Aga Khan Fund for Economic Development (AKFED) and has the oversight responsibilities for AKFED’s investments in Banking, Insurance and Aviation. Mr. Allana is a career banking professional with over 30 years of experience in retail, corporate and investment banking. Mr. Allana is also the Chairman of Habib Bank Limited, which is the largest bank in Pakistan with over 1,600 branches and with presence in 25 countries around the world. Since 1997, Mr. Allana has also been serving as a Director of the Tourism Promotion Services Pakistan Limited, the owners and the operators of the Serena Hotels in Pakistan. Mr. Allana holds Undergraduate and Post Graduate degrees from McGill University and the University of Wisconsin in Engineering and Management.

Lutaf Kassam

Board Member

Mr. Kassam joined the Board in April 2006 and chairs its Finance Committee. Currently, he is the Group Managing Director of Industrial Promotion Services Limited (IPS) in East Africa. Mr. Kassam is responsible for AKFED’s global portfolio on Industry and Infrastructure, and is a member of AKFED’s Executive Committee. He is also a Director on the Board of Kenya Association of Manufacturers, the East African Business Council (EABC), and a Member of the Presidential Investors’ Round Table (Advisory Board to President Museveni), an advisor to Sustainable Energy for All (SEALL), past First Vice Chairman of the Nairobi Stock Exchange (NSE), a member of the National Economic and Social Council (NESC) in Kenya.

John Metcalf

Board Member

Mr. Metcalf was appointed to the Board in November 2006. He has had extensive international experience in the insurance industry, and is currently Head of Insurance for the Aga Khan Fund for Economic Development (AKFED). Mr. Metcalf sits on the Company’s Board Audit and Compliance Committee, Board Finance Committee and Board Nominating and Human Resource Committee.

Juma Kissame

Board Member

Mr. Kisaame joined the Board in June 2006, and is currently the Managing Director of DFCU Bank. Prior to joining DFCU, Mr. Kisaame was the Managing Director of the Eurafrican Bank in Tanzania. He sits on the Company’s Board Audit and Compliance Committee.

Shabir Abji

Board Member

Mr Abji assisted in the running of the family business, and in1984 set up the company operations in Uganda. As the Group Director, he was instrumental in setting up Uganda Oxygen, Twiga Chemical Industries Uganda, Service and Computer Industries Uganda (Formerly NCR) and American Communication and Technologies. Mr Abji has served as the Chairman of Aga Khan Health Services, Tanzania, a Councilor of the Confederation of Tanzania Industries and currently is the Chairman of Dar es Salaam Tourism Executive Board. He is also the Chairman of the Tanzania Asian Development Association in formation and has been involved in fund raising activities for various causes and is a member of the FAO sponsored Telefood Committee.

Jane Mwangi

Board Member

Mrs. Mwangi is a senior partner at Robson Harris & Company Advocates. She has also worked at the United Nations, Office of Internal Oversight Services, Caucus for justice in the International Criminal Court (ICC), Jane Addams Peace Association Inc. (JAPA) in New York, the Central Bank of Kenya among others. She is an advocate of the High Court of Kenya and is a Member of the Chartered Institute of Arbitrators. She holds a Master’s degree in Business Law from University of Hull, UK.

Zul Abdul

Board Member

Mr. Abdul is the CEO, Trans-Orbit Kenya Limited. He has also held key leadership voluntary positions having served as the President of Aga Khan National Council in Kenya, the Chairman of Aga Khan Education Services, a director at the Jubilee Fund Limited and director of Anfield Holdings Ltd, a Property Development company.

Ashif Kassam

Board Member

Mr Ashif was appointed to the Board on 24th July 2014. He is a fellow member of the Institute of Certified Public Accountants of Kenya (ICPAK) and the Association of Chartered Certified Accountants, UK (ACCA). He is also a member of the National Board of Accountants and Auditors, Tanzania, Institute of Certified Public Accountants of Uganda and the Chartered Institute of Arbitrators. He has been a member on the International Audit and Assurance Standards Board (IAASB), and is currently a Board member on Telkom (Kenya) Ltd, and is also a member of ICPAKs Public Policy and Governance Committee and also chairs its Tax Work Stream. Ashif was bestowed with the ACCA Achievement Award 2012 by the ACCA Global.

Regional Team

Dr. Julius Kipng’etich


Dr. Kipng’etich is the Group Chief Executive Officer. He is the immediate former CEO of Uchumi Supermarkets Ltd and he brings to the group extensive knowledge and experience in strategy and management. He previously served as the Chief Operating Officer of Equity Group Holdings Limited where he spearheaded regional growth, new product development and the mobile virtual network operator (MVNO) – Equitel development.

Dr. Kipng’etich had an illustrious career as the Director and CEO of the Kenya Wildlife Service (KWS) where he has been credited for a complete turnaround of the organization. It was during his tenure that KWS recorded tremendous growth and was listed as one of the top five most respected parastatals in East Africa.

Sherali Rawji


Sherali is the Group Chief Operating Officer of Jubilee Holdings. With more than 20 years of management experience in financial services, he has a wealth of knowledge in accounting, finance, investment analysis and risk management. Prior to joining Jubilee Holdings, he worked in Canada as a Director and CFO of a public company and as Vice President of Corporate Finance. He is a member of the Canadian Institute of Chartered Accountants.

Azim Dawood

Group Head of Life Insurance

Azim is the Regional Head of Life Insurance Business for Jubilee Holdings. He was appointed as an executive director on the Board of Jubilee Insurance (Mauritius) Ltd in 2010 and is a former CEO of Jubilee Insurance (Mauritius) Ltd. He has over 20 years’ experience in the insurance and financial services sector in East Africa. He is an Associate of the Society of Actuaries and holds a BSc degree, in Economics and Mathematics, obtained with High Distinction from the University of Toronto, Canada.

Sachin Samant


Sachin is the Group Chief Information Officer with over 20 years’ experience in setting up and managing global delivery centers, IT shared services and internal IT departments for fortune 500 companies. He has core competency in implementation and support of enterprise business systems, digital applications and IT infrastructure.

Nicholas Muchangi

Group Head of Internal Audit

Nicholas is the Group Head of Internal Audit with over 20 years of experience in Audit, Governance and Compliance. Prior to this role, he was the Group Compliance Officer. He is a member of the Institute of Certified Public Accountants and the Institute of Internal Auditors. He has previously worked as the Internal Audit Manager and Insurance Benefits Audit officer at KNAC and the Ministry of Finance Internal Audit department.

Julius Orayo

Group Strategy and Business Development Officer

Julius is the Group projects, strategy and Business Development Officer. He has over 15 years’ experience in operations, information technology and project Management. Prior to this role, Julius was the Regional Head of the Customer Services Group and the Operations Manager for Medical Business for Jubilee Holdings. He has previously worked as the Head of Information Technology at Amini Management (EA) Ltd, Prosperity Health (Tanzania) and Lantech Limited.

Margaret Kipchumba

Group Company Secretary & Head of Legal Services

Mrs. Kipchumba was appointed Company Secretary of Jubilee Holdings in June 2014, and also serves on the Boards of its subsidiaries in this capacity. She is an Advocate of the High Court of Kenya and a Certified Public Secretary. She is a Member of the Law Society of Kenya, the Institute of Certified Public Secretaries of Kenya and the Institute of Directors, Kenya.

Management Team

Dipankar Acharya

Chief Executive Officer

Dipankar Acharya joined the company in May 2017 as Chief Executive Officer of The Jubilee insurance Company of Tanzania. He has over 30 years of experience in the insurance industry and have been in leadership roles as head of business for over 25 years. He has sound knowledge of all insurance products. He has experience of leading all forms of distribution for an insurance Company and driving top line growth profitability.

Dipankar holds PhD in Business administration. He is a Fellow of the Insurance Institute of India. He has acquired a professional Diploma in Digital marketing. He had a degree in economics and is a MBA from Faculty of Management Studies, Delhi University, India.

His specialist skills lies in marketing, underwriting, claims, product development and distribution of all insurance products having worked in the Insurance Industry in various parts of the world.