Paris-headquartered private equity firm Amethis has announced its investment in Zamara Holdings, which offers insurance broking, pension fund management and actuarial services in Africa.
This partnership represents a significant milestone in Zamara’s long-term ambition to build the leading regional financial services platform in Africa. With Amethis’ support, the Group aims to strengthen its position as the number one regional player by deepening strategic partnerships, building an even more client-centric organisation and operating model, enhancing its digital capabilities, and continuing to expand the breadth and quality of solutions offered to clients across the continent, according to a media statement.
Zamara serves more than 3,700 insurance clients and over 190 actuarial clients, contributing to financial inclusion, more resilient organisations and stronger social protection systems across Africa.
Commenting on the partnership, Mr Sundeep Raichura, Zamara Holdings Group CEO, said in the statement, “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.”
Mr Frank-Astere Ndiyo Butoyi, Partner, Amethis, said, “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.”
About Zamara
Founded in 1994 and headquartered in Nairobi, Kenya, Zamara is a pan-African financial and insurance solutions group providing pensions consulting and administration, insurance brokerage, reinsurance brokerage and actuarial services to corporate, institutional and individual clients. Originally established as a specialist actuarial firm, Zamara has evolved over more than three decades into an independent, home-grown African financial services group. Today, the Group has a presence in Kenya, Uganda, Tanzania, Rwanda, Nigeria, Malawi, the Democratic Republic of Congo and the UAE.
About Amethis
Founded by Luc Rigouzzo and Laurent Demey, and a member of Edmond de Rothschild Private Equity Partnership, Amethis is an impact-oriented private equity firm focusing on financial, environmental and social sustainability across Europe, Africa, and the Middle East.??With seven offices in Paris, Abidjan, Casablanca, Nairobi, Cairo, Cape Town and Luxembourg, the Amethis team includes 60 experienced professionals with strong regional and sector expertise.