AfLife Holdings Limited Zambia Limited (AfHold, the Group) is a Zambian-based holding company which has subsidiaries and associates operating across non-bank financial services sector. Its history can be traced to 1992 when Anglo American Corporation created a division to manage the pension funds of its subsidiaries, which then morphed into a fully-fledged pension fund management and administration company. Over the years, and in line with desire to cater for the needs of a growing client base, the Group now consists of subsidiaries focusing on investment management, pension fund administration and consultancy; property development and management, financial advisory services as well as mortage origination and financing. Although Afhold is majority owned by Zambians and rooted in Zambia, its other shareholder, the BIHL Group of Botswana, is a subsidiary of the Sanlam Group, the largest insurance group on the African continent
Afhold provides both operational support to its subsidiaries through shared services as well as strategic support through monitoring and implementation of the subsidiaries’ strategies. It also looks for new opportunities within financial services while looking to scale up its existing susbsidiaries where opportunities for mergers and acquisitions present themselves. the strong pedigree of its parentage allows the Group and its subsidiaries to tap into international best practice which is then customized to the local environment in order to provide superior client experience through locally relevant world-class products.