AJ Capital and Investment LLC (AJCI), a Dubai-based private equity firm, inked a deal Thursday for a majority stake in Kenyan start-up micro-insurer, Insurance For All (IFA) Ltd, for undisclosed value.
The investment arm of Al Jallaf family, said to be one of the most influential business families in Dubai, said it will inject undisclosed cash into supporting IFA’s expansion drive and marketing initiatives after purchasing a 51 percent shareholding.
