The office, located at the Zein Building in Nyarutarama, Kigali, will host the group’s subsidiaries CPF Capital & Advisory, Rukisha Solutions, and CPF Financial Services, positioning the institution as a partner in capital markets development, structured finance, and technology-driven financial services in Rwanda.
Speaking during the launch on Friday, Hosea Kili, Group Managing Director and CEO of CPF Group, said Rwanda’s stable regulatory environment and rapidly developing digital economy made it an attractive destination for the company’s regional growth strategy.
“Our presence in Rwanda reflects the deliberate regional growth strategy. Rwanda has built one of Africa’s most stable and forward-looking financial ecosystems. We are here to mobilize capital responsibly, structure transformative transactions, and support institutions with governance-led, execution-focused advisory solutions aligned to national development priorities,” Kili said.
He revealed that the group plans to begin operations with a $20 million investment, with additional capital expected as the company identifies further opportunities in the market.
Founded in Kenya in the 1920s as a pension fund administrator, CPF Group has grown into a diversified regional financial services institution providing pension administration, wealth management, capital advisory and structured finance services. The company currently administers pension funds with a combined value of over Ksh 318 billion (approximately Rwf 3.6 trillion) serving more than 500,000 members.
According to Maurice Nduranu, Group Chairperson, CPF Group, Rwanda was chosen as one of the first destinations for the group’s international expansion due to its strong investment climate and supportive regulatory environment.
“We are excited about the ease of doing business in Rwanda and the responsiveness of both government and the private sector. For us, this is an excellent first stop outside Kenya as we expand across the region with ultimately Pan-African ambitions,” Nduranu said.
He added that establishing a physical presence in Rwanda would allow the firm to build partnerships locally rather than operating remotely from Kenya.
“We believe capital is borderless, and African businesses must increasingly operate across borders. Being here allows us to collaborate with institutions on the ground and contribute to regional economic growth,” he noted.
The Rwanda office will focus on capital markets advisory, infrastructure financing, alternative investment structuring, and cross-border capital mobilization. Through its fintech subsidiary Rukisha Solutions, the company also plans to introduce digital micro-lending and payments services aimed at expanding financial inclusion.
Kili said Rwanda’s growing Rwanda Stock Exchange presents opportunities for new investment products, noting that the group intends to support listings and capital market transactions in the country.
“We have strong experience in transaction advisory and investment banking across the region. Through our investment banking license, we expect to bring new products that can be listed on the stock exchange and deepen Rwanda’s capital markets,” he said.
Speaking at the launch, Rwanda’s Minister of Finance and Economic Planning, Yusuf Murangwa, said the entry of institutions like CPF Group reflects growing confidence in Rwanda’s economic direction and policy framework.
“This milestone reflects the continued confidence that regional and international institutions have in Rwanda’s economic direction, the strength of our policy framework, and the consistency with which we are implementing our national development agenda,” Murangwa said.
He emphasized that strengthening financial markets and expanding financial inclusion remain key priorities for the government.
“Mobilizing long-term capital is essential for financing infrastructure, supporting private sector growth, and delivering our national strategy for transformation. Institutions such as CPF Capital play an important role in bringing structuring expertise and access to new sources of capital,” he said.
Murangwa added that Rwanda is continuing to invest in institutions, regulatory frameworks and financial infrastructure to position the country as a regional financial and investment hub.
On her part, Janet Mwawasi, Kenya’s High Commissioner to Rwanda, highlighted the broader economic and diplomatic significance of the launch between the two countries.
“The establishment of CPF Group in Rwanda represents the strengthening of economic ties between Kenya and Rwanda and demonstrates the confidence Kenyan institutions have in Rwanda’s regulatory environment and growth trajectory. This investment reflects the shared ambition of our nations to deepen capital markets integration and accelerate sustainable regional development.”
The expansion into Rwanda marks a key milestone in CPF Group’s broader regional strategy, as the nearly century-old institution seeks to deepen its presence across East Africa while pursuing longer-term Pan-African ambitions.
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