Old Mutual East Africa Group

The headquarters of Old Mutual East Africa Group are located in the 33-storey Old Mutual Tower, located on Hospital Road, in Upper Hill, Nairobi, about {{convert|3|km|0}}, southwest of the city's central business district.{{cite web| date=20 September 2017|url=https://distancecalculator.globefeed.com/Kenya_Distance_Result.asp?fromplace=Central%20Business%20District%2C%20Nairobi%2C%20Nairobi%20County%2C%20Kenya&toplace=UAP%20Old%20Mutual%20Tower%2C%20Upper%20Hill%20Road%2C%20Nairobi%2C%20Kenya%2C&dt1=ChIJTQu5FNcQLxgRTCl8KZuPjfU&dt2=ChIJt1LoAOQQLxgRUWZ96n6F5Ao |title=Distance between Central Business District, Nairobi, Nairobi County, Kenya and UAP Old Mutual Tower, Upper Hill Road, Nairobi, Kenya | author=GFC |publisher=Globefeed.com (GFC) | accessdate=20 September 2017}} The coordinates of the company headquarters are: 01°17'56.0"S, 36°49'10.0"E (Latitude:-1.298889; Longitude:36.819444).{{google maps|

url=https://www.google.com/maps/place/1%C2%B017'56.0%22S+36%C2%B049'10.0%22E/@-1.2990633,36.8181792,281m/data=!3m1!1e3!4m5!3m4!1s0x0:0x0!8m2!3d-1.2988889!4d36.8194444 | title=Location of the headquarters of UAP Old Mutual Group |accessdate=20 September 2017}}

In 2014, Old Mutual acquired a controlling 67 percent interest in Faulu Kenya, the second-largest microfinance bank in Kenya, whose stock is privately held, for a sum of KSh3.6 billion (approx. US$40 million).{{cite web|date=2 April 2014 |newspaper=Business Daily Africa| url=http://www.businessdailyafrica.com/Corporate-News/Old-Mutual-acquires-67pc-of-Faulu-Kenya/539550-2267362-14u96gvz/index.html | title=Old Mutual acquires 67pc of Faulu Kenya|accessdate=20 September 2017 | location=Nairobi |first=John |last=Njiru }} In early 2015, Old Mutual, spent a total of US$253.1 million (KSh 23.1 billion) to acquire 60.66 percent shareholding in UAP Holdings.{{cite web| accessdate=20 September 2017| url=http://www.businessdailyafrica.com/corporate/Old-Mutual-raises-stake-in-UAP-after-Sh14bn-buyout-/539550-2603170-lpd5v7/index.html |title=Old Mutual raises stake in UAP after Sh14bn buyout | date=27 January 2017 | first=Victor | last=Juma | newspaper=Business Daily Africa | location=Nairobi}} Later in 2015, Old Mutual began to consolidate all its investments in Kenya under one company, namely the "Old Mutual East Africa Group".{{cite web|title=UAP and Old Mutual to merge, list on NSE |url=http://www.capitalfm.co.ke/business/2015/06/uap-and-old-mutual-to-merge-list-on-nse/ |accessdate=20 September 2017 | date=23 June 2015 | first=Kennedy | last=Kangethe | publisher=98.4 Capital FM | location=Nairobi}} The integration involves (a) UAP Holdings, in which Old Mutual owns 60.66 percent (b) Faulu Kenya, in which Old Mutual owns 67 percent and (c) the legacy businesses of Old Mutual Kenya, in which Old Mutual maintains 100 percent shareholding. Old Mutual plans to list its shares on the Nairobi Securities Exchange (NSE) in 2018, after the mergers are concluded.{{cite web| url=https://www.theeastafrican.co.ke/business/UAP-pushes-planned-listing-at-Nairobi-bourse-to-2018-/2560-3018928-3ctnls/index.html | title=UAP pushes planned listing at Nairobi bourse to 2018 | accessdate=20 September 2017 |date=2 January 2016 |newspaper=The EastAfrican | location=Nairobi | first=Peter |last=Muniata}}

The group is governed by a 14-person board of directors chaired by Dr. Joseph Barrage Wanjui,{{cite web | first=Victor | last=Juma | date=3 July 2015 | url=http://www.businessdailyafrica.com/Corporate-News/Old-Mutual-snub-returns-to-haunt-UAP-chief-executive/-/539550/2773314/-/item/0/-/ns3mj6/-/index.html | newspaper=Business Daily Africa | location=Nairobi | title=Old Mutual snub returns to haunt UAP chief executive | accessdate=20 September 2017}} a shareholder in the business. The Group CEO is Peter Mwangi, a certified public accountant and a chartered financial analyst.{{cite web| url=http://uapoldmutual.com/board.html | title=Members of the Board of Directors of UAP Old Mutual Group | accessdate= 20 September 2017 |date= 20 September 2017 | location=Nairobi | publisher=UAP Old Mutual Group (UAPOMG) |author=UAPOMG}}{{cite web | date=30 June 2015 | last=Juma | url=http://www.businessdailyafrica.com/Corporate-News/Former-NSE-chief-Mwangi-to-head-UAP-Old-Mutual/-/539550/2770844/-/13i1vqk/-/index.html | accessdate=20 September 2017 | first=Victor | newspaper=Business Daily Africa | location=Nairobi | title=Former NSE chief Mwangi to head UAP-Old Mutual}}

• UAP Holdings
• Faulu Kenya
• Old Mutual

{{reflist|3}}

{{portal|Companies}}

• [https://www.oldmutual.co.ke/ Website of Old Mutual East Africa Group]

Category:Financial services companies of Kenya

Category:Companies based in Nairobi

Category:Conglomerate companies of Kenya

Category:Financial services companies established in 2015

Category:2015 establishments in Kenya