The firm's expanding regional footprint and increasingly diversified portfolio reflect growing investment opportunities across the continent as well as sustained client confidence. GenAfrica chairprson, Andrew Musangi at the firm's 30th anniversary in Kwale The investment firm, which manages assets worth more than Sh774 billion ($6 billion), is looking to strengthen its position in the regional market.
Its client base has grown to more than 110 institutions and individuals across pension and non-pension portfolios. Speaking during the firm's 9th Annual Investment Conference in Kwale County, managing director Patrick Kariuki said innovation will remain central to the company's long-term growth strategy.
"Our responsibility is to continue innovating and developing solutions that help more people participate in wealth creation and secure their financial futures," said Mr Kariuki. He noted that Africa's investment landscape has changed significantly over the past three decades.
Pension industries have expanded, capital markets have deepened and regional economic integration has improved. Investors have also become more sophisticated, creating demand for more diversified investment products. These developments, he said, have enabled GenAfrica to broaden its product offering while maintaining its focus on disciplined investing, strong governance and long-term value creation.
Chairperson of the President's Council of Economic Advisors, David Ndii, praised the firm's contribution to Kenya's financial sector and the wider economy. "After 30 years, GenAfrica now manages close to Sh800 billion in assets. That is a significant achievement not only for the company but also for the country," said Dr Ndii.
GenAfrica began operations, managing a single offshore client fund worth $100 million. It has since expanded to serve pension schemes, institutional investors, corporates, SACCOs, schools, religious organisations and individual investors across East Africa. The firm's expanding regional footprint and increasingly diversified portfolio reflect growing investment opportunities across the continent as well as sustained client confidence.