From Uchumi to Jubilee Julius Kipng’etich appointed CEO of insurance firm

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Former Uchumi Supermarkets CEO Julius Kipng’etich has been appointed as the Regional Chief Executive Officer of Insurance firm Jubilee Holdings, with effect from 1st January, 2018.

He unexpectedly left the struggling retailer in December, and this led some to view the Uchumi case as a dire one, one too dire for Kipng’etich, who many hoped would steer the sinking ship out of the turbulent waters. He joins the financial services and investments firm, largely known for its insurance products, where he will oversee operations in Kenya, Uganda and Tanzania where all Capital Markets Authorities have been notified, as well as Burundi and Mauritius.

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