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Private equity firm Amethis has announced an investment in Zamara Holdings Limited, a pan-African financial and insurance solutions group.
Founded in 1994 and headquartered in Kenya, Zamara provides pensions consulting and administration, insurance brokerage, reinsurance brokerage and actuarial services to corporate, institutional and individual clients. Today, the group has a presence in Kenya, Uganda, Tanzania, Rwanda, Nigeria, Malawi, the Democratic Republic of Congo and the United Arab Emirates.
“We are delighted to welcome Amethis as a strategic partner at this important stage of Zamara’s journey. We were looking for more than capital – we wanted a partner that understands Africa, believes in the potential of our business and our people, and shares our ambition to build a leading pan-African financial services group. Over the years, our engagement with the Amethis team has demonstrated a strong alignment of values, ambition and long-term vision. Their experience in African markets, networks and commitment to supporting regional champions make them an ideal partner as we accelerate investment in technology and innovation, strengthen our capabilities and broaden the solutions we provide to our clients. This is about building on the foundations that have made Zamara trusted for more than three decades while giving us greater capacity to pursue the opportunities ahead. What defines Zamara does not change. What Zamara can achieve does,” said Sundeep Raichura, group CEO of Zamara.
“Our investment in Zamara reflects a deep conviction in the group’s leadership, its purpose, and its potential as a pan-African financial services platform. Over the years, we have built a genuine relationship of trust with Sundeep, James, and the wider Zamara team, and we are proud to formalise that partnership at such a pivotal moment in the company’s journey. From our teams in Nairobi and across the continent, Amethis is committed to being a close, hands-on partner in Zamara’s next phase, helping strengthen its capabilities, accelerate innovation, and extend its reach as it continues to power financial freedom for businesses and individuals across Africa,” noted Frank-Astère Ndiyo Butoyi, partner at Amethis.
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