He is also a strong advocate for Environmental, Social, and Governance (ESG) principles in an area that has become integral to Old Mutual East Africa’s operational agenda. Under his guidance, and in alignment with the group’s broader sustainability strategy, the organisation has implemented initiatives that promote financial inclusion and literacy within the communities it serves.
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.
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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