Company History
Kurwitu Ventures was incorporated in 23rd August, 2006. It was issued with a certificate of Incorporation on 8th September, 2006. The Certificate of Incorporation is C. 128146.


The name Kurwitu is borrowed from an ancient vanished settlement that existed in present day Kilifi County to the sea side of the villages of Shariani and Vipingo.  Kurwitu beach exists close to the ancient site of the old settlement. 


The Company was formed to provide Investment Management Services. It did not meet the original intentions due to the busy nature of the founders. At a certain point in 2012, the Board of Directors had to make a strategic decision on the future of the company as it became obvious that the company required some new ideas and direction.

The founders of the Company decided to inject fresh capital into the capital and make it a vehicle of Sharia Compliant Investments in 2012. In 2013 the Board of Directors decided to focus on restructuring the company and prepare it for a listing on the Nairobi Securities Exchange. Hence all effort was invested in the restructuring process and no revenue was posted to the company books.

Company Objectives
Kurwitu Ventures is a pioneer in its chosen field as a provider of sharia compliant investment products. It is the first company listed on the NSE with a focus on attracting Islamic investors into the capital markets.

As part of our mission Kurwitu Venture has outlined the following key strategic goals and objectives:
 

a) Leading Investment Vehicle: To become the number one Sharia Compliant investment vehicle by being client-driven and consistently seeking high returns for our investors

b) Trusted Intermediary: To be the trusted investment intermediary of sharia compliant products. Kurwitu Ventures intends to do so by adhering to prudence, integrity and fiduciary responsibility

c) Innovation: To introduce innovative products to the capital markets

d) High Returns: To give investors a competitive return on their investment given the specific investment risk; and

e) Good Governance: Adopt strong systems of internal governance and controls whilst embracing a culture of innovation

 


 
 
 

 

NAMES

CLASSIFICATION

BIO PROFILE

MR. MOHAMMED H. ABDIKADIR

 

 

Chairman and Non Executive Director

Abdikadir Mohammed is a recipient of many awards for his role in giving Kenya a new constitution in 2010, as the former chairman of the Constitution Implementation Oversight Committee in parliament and is a former member of the National Assembly of Kenya (2007 – 2013). He is also among the founding shareholders of First Community Bank and currently serves as the Joint Chairman of the Presidential Taskforce on Parastatals Reforms and is also as a senior advisor to the President on Constitutional and Legal Affairs. He is a former partner and principle head of commercial and conveyance at Ahmednasir Abdikadir & Co Advocates. Abdikadir, is an Advocate of the High Court of Kenya and holds a LLM from Harvard University

MR. HASSAN, A. MOHAMED

 

 

Non Executive Director

Mohammed Hassan, is the Chairman of National Bank of Kenya and a leading advisor on several energy sector transactions. He worked at Dyer and Blair Investment Bank for 14 years (1996-2010) and rose to become the Managing Director in 2007. He initiated and executed some of the largest deals in Sub Sahara Africa including the Safaricom IPO that raised over USD 700 million and the acquisition of the leading stake in Equity Bank by Helios Partners worth USD 170 million. He also led over 30 major transactions in the past 10 years and supervised more deals than anyone in East Africa.

 

Mohammed is a member of the Board of Trustees for Northern Kenya Education Trust; Member of the Board of Trustees of the Kenya Olympic Committee; and Member of the National Steering Committee of NEPAD, Kenya. NEPAD is an African Union agenda to improve political governance in member countries.

 

He is a holder of the Chartered Financial Analyst (“CFA”) charter since 2006 and holds a Bachelor of Commerce degree from the University of Nairobi and M.sc in Finance from the University of Strathclyde.

 

MS. SUMAYYA HASSAN-ATHMANI

Independent and Non Executive Director

Sumayya Hassan-Athmani is the Chief Executive Officer (“CEO”) of the National Oil Corporation of Kenya (“National Oil”). She holds a Bachelor of Laws (Hons) degree from Lancaster University, a Master of Laws degree in Commercial Law from the University of Bristol, UK and is an advocate of the High Court of Kenya.

 

She joined National Oil in 2004 as the Company Secretary and Legal Affairs Manager from private law practice where she worked as a commercial and conveyance attorney.

During her tenure as CEO, National Oil has registered a number of major successes in the upstream, midstream and downstream segments of the petroleum business and was declared the Africa National Oil Company of the Year in 2011.

MR. ISAAK JAMAL IBRAHIM

Independent and Non Executive Director

Isaak joined Gulf African Bank (“GAB”) as Head of Finance in 2008. He is a holder of the Chartered Financial Analyst (“CFA”) charter since 2006 and is currently pursuing an MBA from Strathmore University. He also holds a Bachelor of Commerce (Hons) degree from the University of Nairobi.

 

He has extensive experience in the banking and finance industries having also previously worked in Bank of Bermuda and Deloitte and Touché.

MR. HAJI, MOHAMMED ABDULKADIR

Independent and Non Executive Director

Abdul Haji is a successful businessman and entrepreneur. He is the Managing Director of Radio Salaam. He established Radio Salaam as a key media player focusing on the Muslim population. Radio Salaam has frequencies covering the Coast, North Eastern Kenya and Nairobi.

He also founded Masala Communication, a Safaricom dealer with an extensive dealership network across the country. He is also a Director of Colchester Investments Limited, a leading Real Estate Investment and Property Management Company.

Abdul holds an MBA (Global) degree from United States International University and a BSc in marketing from University of Bradford.

 

He takes active interest in education and consequently serves on the Board of Abu Huraira group of Schools.

ABDILLAHI, ABDIRAHMAN

 

Executive Director

Abdillahi has a wide range of experience in raising funds for various projects in East Africa. He holds a Masters in Business Administration (Finance) from Texas A&M University, Commerce and has been a CFA charter holder since 2000.

He has worked extensively in the areas of corporate finance structuring and has 20 years of experience in the financial industry in over four countries.

 

We strive to offer our clients premier investment products, whilst adhering to good corporate governance and sustainability as the core of our company’s values and vision. Although the financial products are Islamic Sharia compliant.

Kurwitu Ventures does not intend to deter potential investors and welcomes all investors interested in being part of developing this new investment frontier.

INVESTMENT OPPORTUNITIES
Kurwitu Ventures will invest in opportunities that provide a reasonable amount of management control. Kurwitu Ventures has a key focus on the agricultural sector, which is a sector that employs the majority of Kenyans. Agriculture is the top foreign exchange earner in the economy, yet it is also plagued with several structural inefficiencies.

Addressing these inefficiencies could provide superior returns. Although the focus in on agriculture, Kurwitu will make effort to invest in non-agriculture ventures that meet the key Sharia Compliance Test and has the potential to post attractive return on capital.

 
PRODUCTS
Kurwitu may also provide investment products exclusively or jointly with others as a “pass-through”. Such products may or may not feature on the company’s balance sheet and would be in the form of asset backed securities, real estate investment trusts and investment notes.

Kurwitu has a social objective of broadening and deepening the capital markets by introducing innovative products to meet various and diverse goals of Sharia Compliant Investors.

 

KURWITU VENTURES LIMITED - LISTING STATEMENT OCTOBER - 2014.... click to view

Kurwitu Ventures is a pioneer in its chosen field as a provider of sharia compliant investment products. It is the first company to be listed on the NSE with a focus on attracting Islamic investors into the capital markets.

Contact Address

Physical Address: Woodlands Office Park: Suite 2B Road: Woodlands Road

Telephone: L: +254 20 2399958                   

M: +254 704 106948

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www.kurwituventures.com

Mission Statement

We strive to offer our clients premier investment products, whilst adhering to good corporate governance and sustainability as the core of our company’s values and vision.