Enwealth Financial Services Limited has appointed Janet Waweru Luvai as its chief financial officer (CFO).
Waweru Luvai has more than 15 years of leadership experience in finance, the company said in its announcement. Her work covers financial management, strategic planning, financial modelling, budgeting, performance reporting, internal controls, regulatory compliance and business transformation.
She joins a pension administrator whose umbrella fund earned members a net return of 18.05 percent in 2025 and grew its assets 12 percent to Sh1.185 billion.
Career across Kenya and Uganda
Waweru Luvai began her senior finance career in Kampala. In October 2010 she joined Britam Insurance Company (Uganda) as chief accountant, according to her LinkedIn profile. She led the set up and operations of the insurer, built its finance department and developed its policies and procedures. She also prepared financial statements under International Financial Reporting Standards (IFRS) and annual budgets, and ensured compliance with regulatory requirements.
She moved to Nairobi in June 2012 to join Britam Asset Managers as chief accountant and CFO, a post she held until June 2018. She led the finance department, set finance objectives, policies and procedures, and prepared financial statements under IFRS, annual budgets and trend forecasts. She also oversaw regulatory compliance.
Enwealth’s announcement lists Colony Plus Limited among her senior finance roles. It does not give dates or a job title for that post.
Since October 2021 she has served as CFO of Ed Partners Africa in Nairobi. She developed and coordinated finance strategies, managed the budgeting process and tracked performance measures tied to the company’s strategic direction. She sat on the executive management committee and oversaw financial operations in Kenya and Uganda. Her duties included monitoring cash balances and forecasts and maintaining relationships with auditors, regulators and industry participants.
Waweru Luvai holds an ACCA qualification from Strathmore University and a master’s degree in finance from United States International University Africa. She sits on the finance and strategy committee of ICIFA.
About Enwealth
Enwealth was founded in Kenya on 8 February 2011 as Liberty Pension Services Limited and rebranded in 2016, according to the company’s website. Simon Wafubwa leads the firm as chief executive.
The company says it serves more than 300 corporate clients and has branch offices in Kenya, Uganda and Mauritius. Its Nairobi office is on Ngong Road. Waweru Luvai’s earlier roles covered Kenya and Uganda, two of those three markets.
Enwealth lists five regulators as licensing it:
- Retirement Benefits Authority (Kenya)
- Uganda Retirement Benefits Regulatory Authority
- Financial Services Commission (Mauritius)
- Capital Markets Authority (Kenya)
- Insurance Regulatory Authority (Kenya)
The company says it administers an asset portfolio above Sh85 billion. That figure covers the pension schemes it runs for clients and is not the balance sheet of Enwealth itself.
Services
Enwealth lists six service lines on its website: pension, insurance, investments, training, an impact debt fund and a foundation. The company describes its offer as administration, trustee services, consulting, insurance, investments and training.
In pensions, it administers retirement schemes for employers and runs the Enwealth Umbrella Fund. An umbrella fund pools many employers into one scheme, which spreads administration costs across members. A worker joins through an employer and cannot join as an individual.
In investments, it offers a money market fund, a balanced fund and an equity fund. It also runs financial literacy programmes and an investment app, Enwealth Invest, on Google Play.
Financial performance
Enwealth did not publish company level results in the sources reviewed. Performance data is available for the Enwealth Umbrella Fund, reported at the fund’s annual general meeting.
| Measure | Figure |
|---|---|
| Net return to members, 2025 | 18.05% |
| Net assets, 2025 | Sh1.185 billion |
| Net assets, 2024 | Sh1.056 billion |
| Net assets, 2021 | Sh196 million |
| Total contributions, 2025 | Sh205.3 million |
| NSSF Tier II opt out contributions, 2025 | Sh30.62 million |
| NSSF Tier II opt out contributions, 2023 | Sh1.82 million |
Source: Enwealth Umbrella Fund annual general meeting.
Net assets rose 12 percent in 2025. The fund has grown more than six fold since 2021.
Tier II opt out contributions made up about 15 percent of total contributions in 2025. The opt out lets employers send the mandatory Tier II contribution to an approved private scheme instead of the National Social Security Fund (NSSF).
Enwealth said these inflows continued into 2026 as micro, small and medium sized enterprises joined the fund. Members at the meeting were told that growth in assets and income was expected to continue this year.
Industry backdrop
The pension sector is also expanding. Assets under management in Kenya rose 12.66 percent in the six months to June 2026, to Sh3.167 trillion from Sh2.811 trillion in December 2025, according to the Retirement Benefits Authority’s June 2026 industry brief, as reported by Citizen Digital.
A rival scheme, Octagon, put the umbrella fund market average return for 2025 at 12.37 percent in its own statement. The figure is Octagon’s, and funds report returns on different bases.
What Enwealth said
The company said the appointment reinforces its commitment to financial leadership, governance, informed decision making and long term sustainability. “We look forward to the experience, leadership and perspective she brings,” Enwealth said.
