Your Key to Accessing Growth in Africa


Africa’s leading independent non-bank financial services group engaged in asset management, investment banking and fiduciary and administration services.

Imara, with deep local roots, is your key to accessing the opportunities in Africa by coupling ‘blue chip’ international expertise and networks with local experience and contacts. We operate directly and through partners in 10 African countries, as well as an office in London.

Backed by a small group of private investors from the US, Europe and Africa who have a long-term investment horizon bringing stability, financial support as well as significant experience in financial services and investing across Africa.

Management and founding, Fleming and Wulfsohn families, have a combined history of more than 100 years building businesses in Africa and international financial services groups.



Owner managed,
private pan Africa financial services group, founded 1954

Strong African presence through subsidiaries, affiliates, partners and employees - who call Africa home

Asset Management
Investment Banking
Fiduciary and Administration

With over half a century of hands-on experience in Africa, we have a deep understanding of the landscape, its institutions, entrepreneurs and governments. Our credibility comes from being at the forefront of African capital markets for over 60 years:

  • intimately involved in the establishment and growth of stock markets across Southern Africa – Botswana, Malawi, Swaziland, Zambia and Zimbabwe
  • founded the oldest stockbroker in Zimbabwe – Imara Edwards
  • launched one of the earliest pan African equity funds – the Imara African Opportunities fund
  • advised on transactions across Southern Africa in excess of USD3b, including some of the world’s leading multi-nationals in Africa



Egypt’s July inflation at 8.7% down from 9.4% was a surprise. We expect the curve to move lower and so for the Imar…
Last week’s Fed rate cut was a slam dunk, the accommodative language points to a further cut at the end of this yea…
Central bank of Nigeria kept interest rates on hold to battle high inflation as it seeks to boost lending to grow t…
South Africa inflation 4.5% today, average inflation for Q2: 4.4% or 0.1% the SARB’s forecast not enough for anothe…
Kenyan parliament began debating today to amend the law which introduced the rate cap.  This is only the beginning, a long way to go!
#ImaraAssetManagement June Market outlook can be found at this link:
Zambia’s new finance minister, Bwalya Ng’andu, said he wants to restart discussions with the International Monetary…
Egyptian inflation after being sticky at circa 14% for 4 months fell in June to 9.4% thus enabling CBE to drop its…
Page 21 todays FT - Germany sells 10Y bunds at a zero coupon, a negative yield of 0.26% and bids were 1.25 times th…
Anadarko Petroleum this week gave the green light for the construction of a $20bn gas liquefaction and export termi…

Our people are aligned with our clients as shareholders and investors in the Imara products and services.

International qualifications and training paired with local experience and access. Many having worked at Imara for a long time.

View the team biographies.

A long history in Africa

The Imara Group’s origins date back to 1954, as Edwards and Co. in Zimbabwe which provided broking, corporate advisory and fund management services. In 1994 the UK merchant bank, Robert Fleming in a 50/50 joint venture with Edwards & Co, soon established a corporate advisory company and then in 1998 an asset management company.

Following the sale of Robert Fleming to Chase and then to JP Morgan in 2000, local management in some of Flemings’ sub-Saharan offices effected a MBO in 2002 to create the Imara Group which was subsequently listed on the Botswana Stock Exchange.

The Group was bought by FWA Financial Limited, a holding company owned by Imara management and international private investors in 2017 and delisted from the Botswana Stock Exchange.


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