Partnerships – Octagon Africa

Octagon Africa Financial Services is an award winning leading regional financial services company with significant industry consolidation within the non-profit, public and private sector in 4 strategic divisions namely Pensions Management, Insurance Brokerage, Training and Actuarial Services.

Octagon Africa has a strategic partnership deal with Alexander Forbes that enables Octagon Africa to serve its multi-national clients with presence in Kenya. This partnership brings the following benefits:

STRATEGIC PARTNERSHIPS

OAFSL consummated a strategic partnership with AFFS in March 2020 after thorough review of OAFSL processes, governance structures and systems. This partnership brings along the following benefits to OAFSL

Investment consulting capabilities

Global and International research and experience

Human resources

Product development and innovation

Enhanced financial reporting under the Asset Liability Matching (ALM)

This partnership deal came after Alexander Forbes reviewed Octagon Africa’s strategic business and operating model in March 2020, to exit the emerging markets and strategically replace it with credible partners to deliver the same quality services to its clients.

Through the strategy review, this partnership has provided a platform to work with a network of partners, while maintaining delivery excellence to deliver solutions to our clients around the continent with a single point of contact at an affordable price

Octagon provides pension administration, insurance brokerage, employee benefits and risk consulting services to Alexander Forbes clients through a revenue sharing model. The two organizations share research works, intellectual property, global best practice, outreach and analysis which will better grow the industry and the region.

This partnership is an affirmation that we have the necessary skill set, values and culture to serve both local and international clientele by providing first class service to guarantee financial security in Africa.

Octagon Africa has also completed the purchase of 49 per cent stake in shareholding in Alexander Forbes Financial Services Zambia following the review of its strategic business and operating model to exit some in-country operations.