Mr. Chiboli Induli Shakaba - Chairman & Non-Executive Director

Mr. Shakaba joined the Corporation's board on June 13, 2014. He holds a Bachelor of Arts Degree in Political Science from the University of Nairobi and a Master's Degree in Public Administration (MPA) from Harvard University.

He has served in different capacities in the public service starting in the Provincial Administration as a District Officer between 1980-86. He thereafter served in various ministries of the Central Government rising to the level of Director of Administration. He has also served as an Alternate Director in various State Corporations and is a member of the Institute of Directors of Kenya. He is a recipient of the Order of the Burning Spear (MBS). He was the Permanent Secretary in the Ministry of East African Community from April 2012 to June 2013.

Mr. Jadiah Mwarania - Managing Director

 Mr. Mwarania was appointed the Managing Director of the Corporation on 12th April 2011. He had been the acting Managing  Director since 11th April 2010. He has worked with the Corporation for over 20 years and was previously the General Manager (Reinsurance Operations). He holds a Bachelor of Commerce ( (Hons.) and Master of Business Administration (MBA) degrees from The University of Nairobi. He is a Fellow of the Chartered Insurance Institute of London (FCII), and the Insurance Institute of Kenya (FIIK).


Mr. Mwarania is a Chartered Insurer (CI) of the Insurance Institute of London, the highest and the most prestigious level of professional achievement with the Institute, and an Associate Member of the Kenya Institute of Management (AMKIM). He is an Alternate Director on the Board of Directors of Zep Re (PTA Reinsurance Company) and the Hon. Secretary of the Association of Kenya Reinsurers (AKR).

Mr. Protus Cheruiyot Sigei - Alternate to the Cabinet Secretary, National Treasury - Non-Executive Director

He has built his career largely within the public sector in Kenya. He holds a B.A (Hons) degree in Economics (with Mathematics) from the University of Nairobi and a Master of Science from the University of York, U.K. He is also an alumnus of Queen’s University, Canada (Program on Investment Appraisal and Risk Analysis), and INSEAD (Competitive Strategy). He has served in the boards of directors of several entities, during which he has served in various board committees, and chaired the HR and Credit Committees. He was one of the pioneer seven (7) individuals selected by the Government of Kenya in 2004 to be trained, at the Boston Institute for Developing Economies, as trainers in Performance Contracting; subsequent to which he helped introduce and roll out performance contracting in Kenya’s public service. He is a member of the Society for Benefit-Cost Analysis, a professional society of academics and practitioners, headquartered at the University of Washington at Seattle, USA. He is also a Member of the Australian Institute of Company Directors.

Mr. David Kibet Kemei - Non-Executive Director

Mr. Kemei joined the Corporation’s board on June 13, 2014. He holds a Bachelor of Commerce Degree in Accounting and a Masters in Business Administration (MBA) both from the University of Nairobi. Also, he is a Certified Public Accountant (CPA) as well as a Certified Regulation Specialist.


He started his career as a Management Trainee at the Kenya National Trading Corporation in 1990, then became a Tutorial Fellow at the University of Nairobi from October 1990- 1992 when he became an Assistant Lecturer, a position he held until January 1994. From 1994 –September 1996, he was the Credit Controller at Nation Media Group.He then moved to Windsor Golf Hotels and Country Club Ltd as the Finance Manager from 1996-2000 when he moved to the Energy Regulatory Commission and served as a Financial Analyst from 2000-2007. He is currently the Chief Executive at DGMB Financial Services Ltd, a position he has held since January 2008.

Mrs. Thamuda Omar Hassan - Non-Executive Director


 Mrs. Hassan holds a Bachelor of Arts degree in Economics and Sociology from the University of Nairobi. She started her career in the Central Bank of Kenya in 1976 as a Graduate Trainee and was promoted to Senior Superintendent in Charge of Estates in 1981. She moved up the ranks to be the Branch Manager in Mombasa where she took voluntary early retirement in 1999.

 Mrs. Hassan has attended various courses in management, finance, public procurement, corporate governance and leadership over the years. She also served as a Director at the Retirement Benefits Authority from 2007 to 2015.

Mr. Jasper Gitonga Mugambi - Non-Executive Director


 Mr. Mugambi holds a Bachelor’s degree in Disaster Management from Masinde Muliro University. He started his career in 1998  as a Manager at Geofra Security Services and moved to Blue Line Auctioneers and Debt Collectors as an Operations Officer. He was later appointed Branch Secretary/Coordinator of the Meru Branch of Kenya Red Cross Society where he served from 2002 to 2008. He is currently the Coordinator for Upper Eastern region is in charge of eight (8) counties at the KCRS and a Senior First Aid Instructor.

 Mr. Mugambi has extensive experience in disaster response and has been involved in search and rescue and disaster response  through various major incidents across the country such as the Nairobi Bomb blast search and rescue, post-election violence response, evacuation and rescue at Garissa University Alshabaab attack and search and rescue through various clashes across the country. He also founded the KRC branches in Meru, Marsabit, Moyale, Samburu and Tharaka Nithi.

Mr. Anthony Muthama Munyao - Non-Executive Director