Genghis Capital is an innovative and customer-focused investment solutions provider licensed by the Capital Markets Authority (CMA) and the Retirement Benefits Authority (RBA).
The financial services provider boasts one of the best-performing Money Market Funds (MMF) in Kenya with a daily yield of over 14 per cent.
Despite Genghis’ success in the local financial markets, the firm hit the newsheadlines in January 2025 over a $2.74 million (approximately Ksh354.55 million) debt owed to Auswell Mashaba, a South African businessman.
Debt Row
According to Business Daily, Mashaba advanced a loan of $2,265,000 (Ksh293.08 million) to Genghis Capital on January 25, 2017, with an interest rate of 7.25 per cent. After failing to repay, the businessman sought a judgment for $3,100,000 (Ksh401.13 million) plus accrued interest.
Court records show that former Managing Director Geoffrey Gangla admitted the default on February 18, 2020. A subsequent agreement on October 18, 2021, stipulated that Genghis Capital would pay $2,950,000 (Ksh381.75 million) plus interest from October 15, 2020, with specific payment deadlines. However, only $1,115,565 (Ksh114.35 million) has been paid, leading to the current auction proceedings.
Mashaba contracted Moran Auctioneers, who listed various office items for sale, including furniture, electronics, and office equipment, in an attempt to satisfy the debt. This includes 16 desktops, 13 metal cabinets, 17 wooden cabinets, a five-seater leather sofa, two television sets, a fridge, and multiple laptops, chairs, and desks.
An order from the High Court dated January 14, 2025, instructed the auctioneer to sell the attached properties after a 15-day notice period.
In a desperate attempt to stop the auction, Genghis Capital moved to court on Monday, January 20, 2025; however, the request was denied.
History & Founding
The company’s history dates back to August 1994 and it has undergone several transitions from its initial start as Town and Country Securities Limited, offering investment bank, management, and advisory services to March 2005 when was rebranded to Chartered Capital Limited.
In 2008, the company evolved once again and emerged as Genghis Capital Limited, obtaining its Capital Markets intermediary license from the Nairobi Securities Exchange
(NSE).
A participant of the Nairobi Securities Exchange (NSE), the firm has grown tremendously and has expanded its services beyond stock brokerage to include the provision of asset management services, as well as corporate finance options. Learn more about the services we offer under our Investment Bank and Asset Management arms in the relevant tabs.
Services
Genghis offers clients a myriad of products across various business lines in Asset
Management, Corporate Finance & Advisory, and Stock Brokerage.
All Genghis Capital Products are digitized to offer the client convenient and all round
access to their investments. Additionally, all internal systems and processes are cloud
based to ensure clients can be served from anywhere.
Genghis Capital is currently the largest Investment Bank as per data from FY’2022,
with a market share of 13.4%, handling USD 1.7 billion worth of trades in both the
Equities and Bonds desk.
Genghis Capital prides itself on being innovative in product development and client
service. MALI MMF is a great example of Genghis’ innovation at work, where the product
was designed with the client’s comfort in mind while revolutionizing how distribution is
done in fund management.
Management
Edward Wachira is the Chief Executive Officer (CEO) at Genghis Capital. With over 18 years of experience, he is a seasoned professional who drives the overall strategy for the firm at the executive level. Edward has led numerous strategic initiatives, including the expansion of the Genghis Capital Business by introducing the Asset Management arm.
Prior to joining Pamoja, Edward worked for Kenya Airways both in Kenya and abroad, engaging partners and building networks in more than 20 African countries. He worked in Netherlands between 2002 and 2003 managing strategic partnership between Kenya Airways and KLM.
