About GenAfrica
GenAfrica is a Financial Services company based in Nairobi (Kenya) founded in 1996, and was acquired by Kuramo Capital in August 2018. Diversified investment management is handled by GenAfrica across various sectors. It operates on a Professional Services and Commission-Based model. Its chief executive, as recorded, is Charles Ogalo. GenAfrica offers products and services including Pension Fund Management, Milele Income Drawdown, Wealth Management, and Property Investment Advisory. Its focus areas include Financials, Asset Management and Pension and Wealth Management. Its legal entity is GenAfrica Asset Managers Kenya Limited. Its competitors include Equity Group Holdings, Cytonn and ICEA LION; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Nairobi, Kenya
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website genafrica.com
- Social X
- Acquired by Kuramo Capital (Aug 2018)
- Legal Name Genafrica Asset Managers Kenya Limited
- InvestorsCentum
& 1 more
- Acquired by
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.
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.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Centum Investment Company PLC is focused on diversified investments. | centum.co.ke | Nairobi, Kenya | ||
Manages diversified investment funds and portfolios for clients. | 2010 | kuramocapital.com | New York, United States |
Investor details for GenAfrica
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People of GenAfrica
1 people are tracked at GenAfrica (1 in leadership).
| Name | Role | Group |
|---|---|---|
Charles Ogalo | CEO & MD | Leadership |
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Timeline of GenAfrica
3 dated milestones of GenAfrica across 22 years, from founding to its latest funding, stage changes and deals.
- Founded GenAfrica is founded.
- Exit Acquired by Centum.
- Exit Acquired by Kuramo Capital.
Competitors of GenAfrica
GenAfrica has 3 listed competitors in our database, 1 of them funded. They include Equity Group Holdings, Cytonn and ICEA LION.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| equitygroupholdings.com | 1984 | Nairobi, Kenya | $184.89M | Provider of investment management services | ||
| cytonn.com | 2014 | Nairobi, Kenya | Investment management services are provided by Cytonn in Kenya. | |||
| icealion.com | 1964 | Nairobi, Kenya | Wealth management and insurance services are provided in Kenya. |
Detailed competitors of GenAfrica
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Related news about Genafrica
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Frequently Asked Questions about GenAfrica
GenAfrica was founded in 1996.
GenAfrica is headquartered in Nairobi, Kenya.
Charles Ogalo is the CEO of GenAfrica, as recorded in our data.
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.
GenAfrica's top competitors include Equity Group Holdings, Cytonn and ICEA LION.
GenAfrica offers Pension Fund Management, Milele Income Drawdown, Wealth Management, and Property Investment Advisory.
GenAfrica has 2 investors. Key investors include Centum, and Kuramo Capital.
GenAfrica operates through Genafrica Asset Managers Kenya Limited.
Yes. GenAfrica was acquired by Kuramo Capital in August 2018.