Stephen Wanjala
HFC Group
Introduction
About HFCB
HFCB is an integrated financial solutions provider that is registered as a non–operating holding company (under the Banking Act Cap. 488) and regulated by the Central Bank of Kenya (CBK). The Group, previously known as Housing Finance, commenced operations on November 18th, 1965, and has transitioned from being a mortgage financier to a provider of integrated financial solutions with interests in Personal Banking, SME and Commercial Banking, Trade Finance, Diaspora Banking, Treasury as a business, property finance, and insurance. HFCB is a public limited company, listed
at the Nairobi Securities Exchange since 1992.
The company restructured its business and rebranded in August 2015, transforming from a single entity – Housing Finance, to the non-operating holding company, HFCB, with five subsidiaries:
* HFC – Full-service banking
* HFDI – Property development and investment
* HF Bancassurance Intermediary – Bancassurance
* HF Foundation – Corporate Social Investment
* First Permanent – Currently not trading
In 2024, HFCB successfully completed a Rights Issue, which was oversubscribed by 38.32%. The capital raised through this exercise served to strengthen core capital for the Group’s banking subsidiary, HFCB. The company’s shares, currently trading at Kes 8, reflect a remarkable 100% appreciation from the rights issue price of Kes 4, underscoring the market’s confidence in HFCB’s long-term growth prospects.
In February 2025, HFCB was added to the prestigious MSCI Frontier Markets Small Cap Index, which serves as a key performance indicator for investors tracking emerging markets. HFCB’s addition to this index affirms the Group’s commitment to strengthening its market position, driving sustainable growth, and creating long-term value for shareholders.
ZEP-RE (PTA Reinsurance Company)
Introduction
About ZER-RE (PTA Reinsurance Company)
ZEP-RE (PTA Reinsurance Company) is a leading reinsurer in Africa and a specialised institution of the Common Market for Eastern and Southern Africa (COMESA). The company was established in 1990 through an Agreement of Heads of State and Government of the then Preferential Trade Area, a precursor to COMESA, to develop the insurance and reinsurance industries and support capacity building.
With 20 African signatory member states, our shareholding as of 31 December 2024 comprises of eight (8) governments, seventeen (17) government-related entities, 14 private insurance /reinsurance companies, two (2) COMESA organisations, and two (2) DFIs.
ZEP-RE has established a network of regional hub offices and contact offices to serve its footprint in COMESA and beyond. With three regional hubs in Nairobi (also the headquarters) serving East and Central Africa, Harare (Zimbabwe) serving Southern Africa, and Abidjan (Cote d’Ivoire) serving West Africa & CIMA region, and 5 country offices in Lusaka (Zambia), Kampala (Uganda), Addis Ababa (Ethiopia), Kinshasa (D.R. Congo), & Kigali (Rwanda). Furthermore, ZEP-RE operates a Retakaful Window out of its office in Khartoum (Sudan).
Michael Kaniu
Introduction
About Michael Kaniu
Michael Kaniu is a Business Executive with over 28 years of experience in Africa and the USA who can work effectively at all levels in organisations. He is currently an affordable housing developer and board member of the Kenya Property Developers Association (KPDA). He is also a Sector Board Member at Kenya Private Secor Alliance (KEPSA) fostering public policy advocacy in Land and Housing.
Before forming his own real estate company, Natureville Homes 14 years ago, Michael held Director-level roles in business execution at Big Tech Software Companies like SAP, Microsoft, and Sybase where he was the managing director. He has also worked in Engineering Companies; Gath Management (Kenya) and McKinstry Engineering (USA) in Building Mechanical Design and Real Estate Technology (Protecth) under Properbly Ventures.
Michael holds an MBA (TQM) from Leicester University (UK), and an Applied Science degree from ITT Technical Institute (USA). In addition, he holds a post Graduate Diploma in Marketing from the Chartered Institute of Marketing (CIM).
No documents yet.
Wilfried Ouedraogo
Introduction
About Wilfred Ouedraogo
Wilfred Ouedraogo studied Finance and Marketing at Laval University and began his career in banking as a Financial Advisor. His passion for real estate and mortgage turned him into the role of mortgage specialist in three financial institutions that enjoy an excellent reputation in Canada.
Because the world of mortgage financing is constantly changing at a phenomenal rate, Mr Ouedraogo has always been captivated by the need to find conducive and personalized solutions for his clients. This led him to mortgage brokerage in order to bring a more dimension to his quest for solutions for his clients.
Wilfred Ouedraogo has fifteen years of experience in residential mortgage credit and has developed many partnerships over the years with various real estate professionals (real estate brokers, notaries, appraisers, insurers). His experience in the industry allows him to support each client in the success of their financing projects with a simple, professional and personalized approach.
The knowledge he has accumulated over time has allowed him to popularize the financing jargon, which can be complex at times, in order to facilitate the understanding and assimilation of the financing methods offered. Mr Ouedraogo’s desire is to create partnerships with banks in Africa in order to facilitate access to real estate credit, whether for local customers or those of the diaspora.
No documents yet.
George Mugweru
Introduction
About George Mugweru
George Mugweru is a Financial Inclusion Expert, leading advisory services on housing finance across the HOPE International global network on areas around product design, pilot testing and non-financial housing services. George supports the growth of the housing portfolio among HOPE MFI network and partners.
George Mugweru previously worked as a Housing Finance Systems Manager at Habitat for Humanity’s Terwilliger Center for Innovation in Shelter (TCIS). He led Housing Finance Systems domain and is responsible for supporting design, coordination, implementation and sharing lessons and emerging best practices in the region. George previously was a Housing Microfinance Lead in for the “Building Assets, Unlocking Access” project, in Kenya and Uganda implemented by TCIS. He as conducted numerous consulting assignments and technical assistance projects at MicroSave as Senior Analyst. George has over 15 years’ experience in financial inclusion and has working experience in Ethiopia, Kenya, Nigeria, South Sudan, Tanzania, Republic of Congo, Rwanda, and Uganda.
No documents yet.
REITS Association of Kenya (RAK)
REITS Association of Kenya (RAK) was established in 2017 by players in the Real Estate and Capital markets industries….
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Data privacy & protection in Kenya: A regulatory Review (January 2022)
