As Old Mutual exits real estate and weak insurance lines, the firm is placing heavy investments on digital platforms in addition to asset management in terms of new strategic orientation, in addition to consolidating operations.
In 2024, the company made KES 1.3 billion in profit after tax up from KES 0.2 billion in 2023. This strong performance is attributed to a combination of strong performances in the asset management business, underwriting profits from insurance businesses and returns from investments. Old Mutual also managed to cut its finance costs in half - from KES 2.4 billion in 2023 to KES 1.2 billion in 2024.
From a conservation perspective, the company is committed to an ambitious goal of planting 3 million trees across East Africa.
Under Arthur’s leadership, Old Mutual East Africa has strengthened its presence in key markets like Kenya, Uganda, Rwanda, and South Sudan.
Operating in Kenya, Uganda, South Sudan, Rwanda, and Tanzania, the group extends its commitment to customer centricity across a diverse range of products and services.
Arthur Oginga has had extensive experience in financial services, particularly in banking, insurance, asset management, and stockbroking, across various African geographies.
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