About GenAfrica
GenAfrica is a company based in Nairobi (Kenya) founded in 1996 was acquired by Kuramo Capital in August 2018. It operates as a Professional Services, and Commission-Based. GenAfrica offers products and services including Pension Fund Management, Milele Income Drawdown, Wealth Management, and Property Investment Advisory. GenAfrica operates in a competitive market with competitors including FIS, Equity Group Holdings, Cytonn, SimCorp and StoneX, among others.
- Headquarter Nairobi, Kenya
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Genafrica Asset Managers Kenya Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Centum
& 1 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of GenAfrica
GenAfrica offers a comprehensive portfolio of products and services, including Pension Fund Management, Milele Income Drawdown, Wealth Management, and Property Investment Advisory. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Financial futures are secured through tailored pension solutions.
Retirees are supported with financial freedom and security.
Comprehensive wealth strategies are tailored to financial goals.
Property portfolios are managed with trusted investment expertise.
Funding Insights of GenAfrica
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GenAfrica
GenAfrica has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Centum and Kuramo Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Centum Investment Company PLC is focused on diversified investments.
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Manages diversified investment funds and portfolios for clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by GenAfrica
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - GenAfrica
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Genafrica Comparisons
Competitors of GenAfrica
GenAfrica operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FIS, Equity Group Holdings, Cytonn, SimCorp and StoneX, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Software suites for banks and financial institutions are provided.
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Provider of investment management services
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Investment management services are provided by Cytonn in Kenya.
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| domain | founded_year | HQ Location |
Front and back-office solutions are delivered for investment managers.
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| domain | founded_year | HQ Location |
Trade execution and clearing services for global assets are offered.
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| domain | founded_year | HQ Location |
An investment management firm specializing in diversified funds and portfolios.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Genafrica
Frequently Asked Questions about GenAfrica
When was GenAfrica founded?
GenAfrica was founded in 1996.
Where is GenAfrica located?
GenAfrica is headquartered in Nairobi, Kenya.
Who is the current CEO of GenAfrica?
Charles Ogalo is the current CEO of GenAfrica.
What does GenAfrica do?
GenAfrica Asset Managers is established as a prominent fund manager in Africa with 30 years of experience. The company is focused on managing institutional and retail funds, overseeing investments exceeding USD 5.5 billion for over 100 clients. Portfolios are diversified across fixed-income securities, equities, offshore investments, multi-asset portfolios, and real estate. Services are extended to pension schemes, private clients, endowment funds, and offshore clients. Innovative products and tailored strategies are provided to ensure superior long-term investment returns while prioritizing capital preservation and risk management.
Who are the top competitors of GenAfrica?
GenAfrica's top competitors include FIS, Equity Group Holdings and SimCorp.
What products or services does GenAfrica offer?
GenAfrica offers Pension Fund Management, Milele Income Drawdown, Wealth Management, and Property Investment Advisory.
Who are GenAfrica's investors?
GenAfrica has 2 investors. Key investors include Centum, and Kuramo Capital.