Ubuntu Group - Our History

Ubuntu Group was established on September 9, 2005.

Initially operating as a loosely incorporated outfit christened Mentors Investment Group, the Group’s initial focus was on micro-finance.

In partnership with Hekima Self-help Group, the Group began with a revolving operating fund of US$ 650. Credit was extended with little or no collateral other than the members’ guarantee, and as such, a vast swath of lower-income businesspeople were able to secure crucial financing to grow their businesses. The credit scheme was extended primarily to farm produce traders, but also encompassed weaving traders, tailors & fish traders in the urban market centers of Marikiti, Uthiru & Gikomba. Dozens of enterprising Kenyans have benefited from the scheme over the years.

Later in 2007, the Group diversified its portfolio to incorporate interests in equities investment in listed companies. Buoyed, by the robust economic growth experienced both locally and throughout the continent, Ubuntu Group made strategic investments in several listed counters across the region, including telecommunications, banking, agriculture & energy.

The global economic downturn that started in late 2008, provided the Group with a unique opportunity to make its maiden entry into real estate. The Group purchased a parcel of land in Kitengela, on the outskirts of Nairobi. It is currently working on a twelve (12) two bedroomed apartment complex constructed on three (3) floors, with ample parking-space underlying on the ground-floor. The apartment complex is scheduled for completion by the third-quarter, 2010.