Matooke Republic
Monday, July 7, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

Alexander Forbes is now Zamara Actuaries, Administrators and Consultants (U) Limited

Norman Mwambazi by Norman Mwambazi
August 26, 2019
in Business
Reading Time: 3 mins read
41
SHARES
Share on FacebookShare on Twitter

The Zamara Group, a specialised financial services group has taken over the operations of Alexander Forbes Financial Services Uganda limited after buying a 51% stake in the firm through Kent Holdings Limited.

Alexander Forbes released a statement on August 21, 2019 announcing the sale to Kent Holdings who had previously owned 49% of the Ugandan operations.

“Alexander Forbes Emerging Markets (AFEM) and Kent Holdings are pleased to announce that an agreement has been reached on a sale of shares to Kent Holdings Limited. On 2 July 2019, a sale of shares agreement was executed in terms of which, AFEM sold 51% in Alexander Forbes Financial Services Uganda Limited, to Kent Holdings Limited, a co-shareholder in Alexander Forbes Financial Services Uganda Limited,” read a joint statement released by Bonga Mokoena the AFEM Chief Executive Officer and Kwame Ejalu, the Kent Holdings Limited Chairman.

RELATED POSTS

dfcu Bank partners with Makerere University to advance research, innovation, and student support

OPINION: Corporate Banking provides value to society

The statement further says that the terms and conditions of the sale agreement are confidential, and that Alexander Forbes changed the name to Zamara Actuaries Administrators and Consultants (Uganda) limited after being gazetted on July 17, 2019.

Miriam Ekirapa Musaali, Chief Operating Officer, Zamara Uganda.

“Alexander Forbes Financial Services (Uganda) Limited, has been by a special resolution passed on July 10, 2019 and with the approval of the registrar of companies changed its name to Zamara Actuaries Administrators and Consultants Limited – July 17, 2019,” reads General Notice No. 762 of 2019.

Zamara provides actuarial advice and retirement administration solutions in financial services, umbrella retirement solutions, investment and risk sectors to individuals, corporates, parastatals and retirement fund clients.

“We are enthusiastic about this partnership between Kent Holdings and Zamara Group as it marks the entry into Uganda, of a formidable brand that embodies a fresh perspective on the delivery of financial services in Africa. This partnership blends Kent Holdings’ 22 years of local experience and strategic leadership with Zamara’s 23-year African heritage and technical capacity to deliver innovative and excellent services to our clients, underpinned by simplicity, empathy and trust,” said Kwame Ejalu, Chairman Kent Holdings.

Kwame Ejalu, the Kent Holdings Limited Chairman

The firm has operations in Kenya, Nigeria, Rwanda, Tanzania, and Malawi, administering assets valued at almost Shs10 trillion. They now look forward to administering over Shs380 billion in assets in Uganda and keep enjoying a 40% market share of the managed private pension funds.

“Zamara aims to elevate the quality of advice and solutions offered to stakeholders and inevitably be a game changer for clients it serves in Uganda. We look forward to the extended partnership with Kent Holdings, clients, stakeholders across Africa,” said James Olubayi, Zamara Group Executive Director.

Zamara is the only actuarial, consulting, accounting and pension administration firm in Kenya to be ISO 9001:2015 certified.   

Related

Tags: Alexander ForbesKent HoldingsZamara Group
Share16Tweet10Send
Norman Mwambazi

Norman Mwambazi

Writing is my substitute for worry. Live. Love. Laugh. Be Good.

Related Posts

No Content Available
Next Post

Double delivery: Sudhir becomes granddad as court rules BoU case in his favour

VIDEO: Police releases CCTV footage that shows how the late Ziggy Wine was dropped at Mulago Hospital after the accident

RECOMMENDED

dfcu Bank partners with Makerere University to advance research, innovation, and student support

July 6, 2025

Key Kenyan media personalities react to Bebe Cool’s Break the Chains Album

July 6, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Here is how to use NIRA’s new online portal to register or renew your national ID

    3830 shares
    Share 1532 Tweet 958
  • Kampala University proprietor Prof Kateregga’s wife rejects DNA results indicating one of three children is not his, demands fresh test in the United States

    90 shares
    Share 36 Tweet 23
  • DNA test confirms late MP Ssegirinya was father to only 4 of 9 children presented after his death

    90 shares
    Share 36 Tweet 23
  • Dj Karo finally wins over Cedric Babu’s heart, introduction underway

    180 shares
    Share 72 Tweet 45
  • Pastor Bugingo’s daughter Doreen Gift awarded scholarship to Arizona State University in the US

    60 shares
    Share 24 Tweet 15
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.