Who we are
UAP Old Mutual Group is now Old Mutual East Africa Group. The Old Mutual East Africa Group comprises Old Mutual Holdings PLC (formerly UAP Holdings PLC) and its subsidiaries; which include Old Mutual General Insurance Kenya Limited (formerly UAP Insurance Company Limited) and Old Mutual Life Assurance Kenya Limited (formerly UAP Life Assurance Limited) and Old Mutual East Africa Holdings Group Limited (formerly Old Mutual Holdings Limited) and its subsidiaries; Old Mutual Life Assurance Company Limited (operating as a closed fund), Old Mutual Investment Group and Faulu Microfinance Bank .
The Old Mutual East Africa Group was formed in 2015 after Old mutual East Africa Holdings Group Limited acquired a controlling stake in Faulu Microfinance Bank in 2014 and Old Mutual Holdings PLC (formerly UAP Holdings Limited) in 2015. The Group operates an integrated financial services business model and is one of the largest in East Africa, offering insurance, investment, banking, and savings solutions. Old Mutual East Africa Group rebranded from UAP Old Mutual Group on the 17th of May 2022.
The Old Mutual East Africa Group (the Group) is part of Old Mutual Limited (OML), a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries. As part of OML, the Group is able to leverage technology and technical expertise to better serve customers as well as offer broad career growth prospects for employees. The Group operates in Kenya, Uganda, South Sudan, Rwanda, and Tanzania.
Get to know our executive committee as well as our initiatives to uplift our communities.
We have a rich history in Africa and we bring all that to support your dreams.
Our vision is to be our customers’ most trusted partner and passionate about helping them achieve their lifetime financial goals. Responding to our customers’ needs, we are building a long-term savings, protection, investment and lending group by leveraging the strength of our people and capabilities in East Africa and across the continent. We will focus, drive and optimize our businesses to enhance value for customers, shareholders and the communities we serve.
The Group is part of Old Mutual Limited which operates in 13 countries in Africa. Old Mutual was established in South Africa in 1845 and has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999. In March 2016, the Old Mutual Group adapted a managed separation strategy of its four underlying businesses: Old Mutual Emerging Markets (Now Old Mutual Limited), Nedbank, UK-based Old Mutual Wealth, and US-based Old Mutual Asset Management. The primary listing of Old Mutual Limited, which comprises the East Africa business, on the Johannesburg Stock Exchange was on done 26th June 2018. With secondary listings in Zimbabwe, Namibia and Malawi.
An Integrated Financial Services structure - We offer insurance, savings, investments and banking solutions to help our customers achieve their personal and business ambitions.
Customers at our heart - Our solutions and service delivery channels are developed to meet our customer’s needs.
A responsible business - Responsible business is at the heart of our strategy and embedded in our operations, underpinned by our belief that, over the longer term, creating value for society is the most sustainable way to create value not only for shareholders, but for all our stakeholders.
This is how we attain sustainable social responsibility in our communities and to our customers and employees.
Stimulate a savings culture, improved credit behaviour and retirement readiness, thereby addressing poverty and improving the lives of our communities. In 2020 we reached over 150,000 people with financial education initiatives.
Build a workforce that does not discriminate against any person based on race, gender, sexual orientation or nationality and that includes adequate representation of the people of the countries in which we operate.
Empower unemployed youth by providing accredited skills and holistic support to become economically active by securing jobs, income and opportunity for an improved quality of life. When it comes to education, our aim is to improve literacy levels and early childhood development, as well as improve leadership skills for schools.
Create sustainable jobs through supporting entrepreneurship thereby alleviating the impact of poverty and inequality.
Promote behaviour that negates negative impact on the environment through the management of carbon emission and responsible investments