imported 2024-03-17 17:43:07
Pius Muchiri gives his assessment of the capital markets sector and the asset management segment in Kenya. He also presents Nabo Capital, formerly Centum Asset Managers, a wholly owned subsidiary of the Nairobi Securities Exchange-listed Centum Investment Company Limited.
Pius Muchiri talks about why Nabo Capital is unique and explains what makes it different from the competition.
Itqan Capital is a Sharia Compliant company focusing on four main lines of business, Asset Management, Principal Investment, Investment Banking and Custodial Services.
“The asset management business in Egypt is not very familiar. It has a lot of potential to expand over the coming years, because it is very small, but it is growing rapidly, but it is still in its early stages. The growth in assets in the company has a very high percentage. Since the last 3 to 4 years, some companies have grown by 50 % to 70% percent annually.”
Top Asset Management Companies in Kuwait are Kamco, Markaz and others. According to Capital Standards, “There are a total of 100 investment companies operating in Kuwait with 54 operating within the confines of the Islamic Sharia provisions and the rest operating as conventional investment companies.” Some of these companies offer asset management services. “The GCC Asset Management Industry, with roughly 100 asset management companies, manages approximately USD 29bn in assets in about 325 funds as of 31st March 2011. Geographically, Saudi Arabia country funds account for 62% of the total, followed by Kuwait country funds with 19% share” says Markaz in its latest GCC asset management report.
Interview with Sadoun A. Ali, CEO of KAMCO. KAMCO defines the financials in terms of short, medium, and long as it concerns the criteria of the asset. Each one has its own business plan and investment policy that KAMCO has carefully defined in each area and monitor closely such as asset management. Business is very important for KAMCO because a big portion of our revenue comes from surfaces. We are very attached to those companies and investment banking and asset management is very linked to the health of the economy.
