- Octagon Africa appoints Davis Ongiro as new CEO to drive growth and expand access to retirement solutions for millions of Kenyans;
Octagon Africa, a leading regional provider of pensions administration, trust services, insurance brokerage, actuarial and training solutions, has appointed Davis Ongiro as the new Chief Executive Officer for its Kenyan operations.
Mr Ongiro will lead Octagon Africa’s strategic direction and growth agenda in Kenya, focusing on strengthening client relationships, driving innovation across pension and insurance products, and expanding access to affordable retirement solutions for millions of Kenyans, including in the micro, small, and medium-sized enterprise (MSME) sector and large corporates.
“We are delighted to appoint Mr Ongiro as CEO of Octagon Africa Kenya. His leadership, deep industry expertise, and strong track record within Octagon make him the ideal person to lead our next phase of growth.
Under his stewardship, we are confident that Octagon will continue to deliver innovative and inclusive financial solutions that meet the evolving needs of our clients,” said Fred Waswa, Group CEO, Octagon Africa.
Mr. Ongiro is an accomplished professional with extensive experience in the pensions and insurance industries. Prior to this appointment, he served as General Manager for Marketing, Product and Business Development at Octagon, where he oversaw product innovation, distribution strategies, and market expansion
He previously held the role of Senior Manager, Business Development at Octagon Pension Services Limited for over six years, successfully spearheading initiatives that deepened client engagement and business growth.
A strong advocate of financial inclusion, Mr Ongiro holds a Bachelor of Science in Actuarial Science, and is currently pursuing a Diploma in Insurance and an MBA from the University of East London.
His expertise spans product development, market segmentation, and distribution of pension and insurance products.
As CEO, his immediate focus will be on advancing Octagon’s client-centric approach, expanding digital solutions, and building strategic partnerships that promote financial security and dignity in retirement for all Kenyans.
“Octagon has been on a remarkable journey over the past 18 years, growing into one of the fastest-rising financial services firms in our industry,” said Mr. Ongiro.
“In the next five years, we want to transform how Kenyans, prepare for retirement. Our goal is to ensure that every worker, regardless of their income level or employer size, can retire with dignity and confidence.
We are here to change the narrative around retirement savings in Kenya.”
Recently, Octagon Africa partnered with Alexforbes, one of South and Central Africa’s leading financial services providers and pension administrators, to roll out an affordable retirement benefits solution tailored for Kenya’s MSME sector, a segment employing over 15 million Kenyans that has long been excluded from formal pension schemes.
Through the Octagon Umbrella Retirement Benefits Scheme, even enterprises with as few as three employees can now offer their teams access to retirement savings, group life, and medical cover.
The scheme is designed to be affordable, flexible, and easy to manage, leveraging digital platforms for transparency and compliance.
