254 20 374 4552/8
263 4 758193
Welcome to Escrow Group

Escrow Financial Solutions (Escrow Group) is a diversified group offering Alternative Trading Solutions, Alternative Banking Solutions, Investment Administration and Technology Solutions. We are an enabler, operator and service provider to alternative financial and capital markets with a strong emphasis on financial inclusion. The Escrow Group is comprised of three strategic business units which have been set up to deliver innovative world-class services and products. Each business unit has a clear focus on its chosen target market. The growing demands and complexity of our clients requires us to be a continuous learning organisation that is seized with product improvement and superior customer service.

Corpserve is a leading independent registry and investment administration services company serving a wide spectrum of players in the capital markets eco-system. It has grown since its inception 18 years ago in Zimbabwe and now has operations covering Zambia, Malawi, Kenya and Tanzania.

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Escrow Systems is a proficient developer and provider of financial services and capital markets technology solutions. Escrow is one of the largest software houses in Africa having developed over 12 world class, "mission critical" systems spanning the capital markets, banking and wider financial services.

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FINSEC is a pioneer in the provision of alternative trading solutions aimed at automating activities of previously sidelined OTC Markets. It offers a complete suite comprising Order Management, Matching Engine, Clearing, Settlement and Delivery. FINSEC is transforming markets with activities so far in Kenya, Uganda and Zimbabwe.

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What We Do

We focus on capital markets, banking and the entire financial services industry. We continue to provide innovative solutions which have revolutionized the markets we have operated in. Our products and services are grouped in four key categories which are Alternative Trading Solutions, Alternative Banking Solutions, Investment Administration and Technology Solutions.

Products and Services
The group prides itself in having a comprehensive suite of innovative services and products which are designed to automate the end-to-end processes of the entire capital and financial markets. Our solutions and services are tailor-made to cater for a diverse range of clients with unique requirements for their daily operations. Our clients range from small local start-ups to multinational conglomerates. We have adopted a multi-delivery channel which has enabled our clients to enjoy flexible and cost effective terms without compromising on quality and service.


• Securities Order Management
• Order Matching
• Order Routing
• Trade Risk Management
• Data Analysis
• Surveillance
• Clearing and Settlement
• Securities Delivery
• Mobile and Online Trading
• Reporting


• 360˚ Central Depository System
• 360˚ Automated Trading System
• 360˚ Document Management System
              (Electronic Archiving )
• 360° Bank Workflow System
• 360˚ Online Share Access System
• 360˚ Share Registry System
• 360˚ Broker Back Office System
• 360˚ IPO System
• 360˚AGM Management System
• 360˚ Credit Management System
• CellTrade
• SACCO 24/7 System


• Investor Elite Card
• Dividend processing
• Corporate Actions Management
• Settlement of trades for listed equities, fixed income
   and unlisted securities
• Meetings Management (AGMs and EGMs)
• Investor Services
• Register Maintenance
• Mobile payments Services
• Safekeeping of securities (through nominee    registration)
• Trade confirmations and cash reporting
• New CSD account opening


• SACCO 24/7 - Complete Banking Solutions for savings and credit unions
• 24/7 Credit Score - Credit Management and Credit Scoring for MFIs plus Credit Rating
• Coop 24/7 - Banking and Asset Management Solution for Cooperatives

Our Footprint

Escrow Group is a pan African company
with growing business operations and partnerships in East and Southern Africa. We are currently making progressive inroads into West Africa. We have a passion for Africa and a great understanding of the continent’s challenges, needs and potential. We believe that solutions to Africa’s challenges can be found within the continent and it is our desire to take an active part in the growth and transformation of business in Africa.

Our Clients and Partners

At Escrow Group we are proud of our clients and business partners on whom our growth strategies are anchored. We have co-operated with our clients and business partners over a number of years and we endeavour to continue adding value to every interaction we have with our valued stakeholders. Some of the business organisations that enjoy the benefits of our wide product range and unparalleled service delivery include the following:

Team Escrow

The Group is led by a strong and passionate team that is endowed with diverse skills and in-depth working knowledge of financial and capital markets and technologies. Escrow management’s attention to detail and innovation has set the group on a sustainable growth path for the benefit of our colleagues, clients, business partners and the communities in which we operate.

Laureen M. Rakiro

Laureen Rakiro is an Advocate of the High Court of Kenya having earned admission to the bar in 2007. She has worked for several firms such as Kilonzo & Company Advocates and Gichuki King’ara & Company Advocates. Laureen also served as Senior Manager, Legal and Compliance at Custody & Registrars Limited (C&R), East Africa’s largest Share Registry Company. She was engaged in drafting Central Depository Rules for a country that intended to set up a central depository. She also possesses deep knowledge in capital markets and has advised clients on such issues as IPOs, Bonus Issues, and Rights Issues etc. Laureen holds a Bachelor of Laws degree from University of Nairobi and a Postgraduate Diploma in Law from the Kenya School of Law.

Collen Tapfumaneyi

Collen is the founder and Group Chief Executive Officer of Escrow Group. He was previously CEO of Custody & Registrars Services Limited (Kenya) following the acquisition of the company from Barclays Bank of Kenya. He was founding Managing Director of Corpserve Registrars, the first independent registry company in Zimbabwe. Collen has a long and successful track record in the capital markets in which he has played leading roles in a number of successful transactions spanning Zimbabwe, South Africa, Kenya, Malawi, Uganda, Tanzania and Zambia. He founded Escrow Systems, a leading developer and provider of financial services software in East and Southern Africa. He was also the founding Chairman of Escrow Africa, an exclusive Africa representative of Cargo Community Network (CCN) of Singapore which is spearheading development of e-freight and e-commerce in the air cargo industry in Africa. Collen holds an MSc. (Finance) and an MBA from Edinburgh Business School, Herriot Watt University (UK) , a Post Graduate Diploma in Business Administration from the same institute and an ACCA Diploma in Financial Management. He also attended the London School of Economics (UK), training on Financial Markets Regulation.

Michael Gichohi

Michael Gichohi is the chairman of Escrow Financial Solutions Kenya. He is an Investment banker with broad and extensive experience in originating and structuring capital markets and financial solutions. He has over 20 years of working experience and has worked in government, management consultancy, commercial banking and investment banking. He has held various posts throughout his career, Michael was CEO of an Investment Bank for three years, he was General Manager in-charge of operations and investment banking transactions for 3 years and he worked for 10 years as a Corporate Lending Manager with Commercial Bank of Africa and 5 years as a Senior Consultant at Deloitte & Touche. Michael also worked with the Ministry of Finance as an Economist and Statistician .He is a qualified Economist and a holder of a Bachelor’s Degree in Economics from the University of Nairobi, a Post Graduate Diploma and Master’s Degree in Economics from the University of Glasgow in the United Kingdom. He has also attended a professional course in International Banking at the Commerzbank in Frankfurt, Germany and certificate course in Project Analysis at the Egyptian International Centre for Agriculture in Cairo, Egypt.

Paradzai Mangunda

Paradzai leads the Group Operations, his areas of expertise include Operations and Project Management; Human Resources Management as well as Risk and Compliance Management. Paradzai has worked on various projects including Initial Public Offers, Capitalisation Issues for both listed and non-listed entities. Paradzai is currently studying towards an IAC Diploma in Corporate Management.

Garikayi Munema

Garikayi is our Executive Director in charge of the group’s commercial affairs. He has vast experience in exchange control, risk management, customer relationship management and performance management .He joined Corpserve in 2010 as the Compliance and Performance Management Executive. Garikayi is an associate member of the Institute of Bankers of Zimbabwe, a holder of a Bachelor of Commerce degree from the University of South Africa and a certificate in Advanced Credit Skills Development from the Institute of Financial Services, UK. He also holds an Executive Certificate in Risk Management and Investment Analysis & Portfolio Management from the University of Zimbabwe.

Blessing Chipfunde

Blessing heads the Group's Alternative Trading Platforms including the Trading Operations of the Financial Securities Exchange. He is responsible for formulation, application as well as appraisal of the Group’s ATP projects. Since 1999, Blessing has served the Escrow Group in various capacities including as Executive Director of Mailnet (2005); Deputy Managing Director of Corpserve Registrars (2006); and Partner of Escrow Capital (2015). In the course of his career, Blessing has participated in numerous transactions including public equity and debt issues across East and Southern Africa. Examples include advisory participation in the Bond Issue of the Infrastructure Development Bank of Zimbabwe (Zimbabwe, 2012) as well as the training of agents for the Kenya Airways Rights Issue (Kenya, 2012) and the Zambia National Commercial Bank Limited IPO (Zambia, 2008). Blessing holds a BSc. Economics Honours from the University of Zimbabwe.

Mennard Ruzvidzo

Mennard heads our Finance and Administration Department. He is in charge of general administration, accounting and financial reporting, supported by over 10 years of experience gained through several roles that he played in the administration and accounting field prior to joining Corpserve. Mennard is a qualified Chartered Secretary and is currently studying towards and ACCA qualification.

Simbarashe Machanzi

Simbarashe leads a team of professional Microsoft certified developers and an experienced IT support team. He has vast experience in clearing and settlement messaging and integration using the SWIFT system. Simbarashe is a Systems Analyst, Designer, Developer and Support Specialist with over 10 years’ experience in delivering business solutions to the financial sector. He is a holder of a Bachelor of Science Degree in Computer Science, a Postilion Payments Certificate and Dell Certifications and is currently studying for a Master of Commerce in Strategic Management and Corporate Governance.

Ephraim Mbodza

Ephraim Mbodza is the chairman of Escrow Group. Ephraim joined Anglo American Corporation Services Ltd in October 1984 where he spent the nine years in various capacities, he rose through the ranks from being a Graduate Accountant to Assistant Company Secretary responsible for Zimbabwe Alloys Ltd. Thereafter he founded Vali & co Chartered Certified Accountants (Zimbabwe). He is a member of numerous boards of directors for both private and parastatal organizations. Ephraim is a holder of a BSc Economics from the University of Wales (UWIST). He is a member of the Association of Chartered Certified Accountants (ACCA) and Member of the Chartered Institute of Secretaries of Zimbabwe (CIS).

Diana Mwarazi

Diana oversees group projects, she joined the company in 2010 as a Business Development Executive. She has over ten years of experience in Project Management and Marketing and her areas of expertise include; Project Management, Business Development, Marketing, Business Communication. Diana holds a B Com. Marketing Degree from the University of South Africa and a Post Graduate Diploma in Project Management from Project Management Institute of Zimbabwe. She also holds an Executive certificate in Programme & Project Monitoring & Evaluation from the University of Zimbabwe. She is a member of the Project Management Institute of Zimbabwe

Hilda Sakayongo

Hilda joined the Group in 2014 as the Business Development Executive, and is currently in charge of the Group’s Client Relationship Management. She has over 10 years of experience in Client Relationship Management, Marketing, Project Management and General Administration. Hilda holds a Bachelor of Business Administration Degree from the Midlands State University, an LCCI Marketing Diploma, as well as an Executive Certificate in Programme & Project Monitoring and Evaluation from the University of Zimbabwe.

Eliah Sarayi

Eliah oversees the sales and marketing function of the group, as well as driving the Alternative Banking Solutions division. He has over five years’ hands on experience working with progressive Technology and telecommunications companies including Econet Wireless Zimbabwe in the capacity of Product Development, Account Management, Market Research and Brand Management. Eliah has extensive skills in Marketing Strategy Formulation and Implementation, Business Communications and Brand Management. He is a holder of a B. Com in Entrepreneurship and Business Management from Chinhoyi University of Technology. Eliah also holds a Diploma in Digital Marketing and is studying towards an M. Com in Marketing Strategy

Charles G. Ochieng’

Charles holds the position of Group Business Development Manager. His responsibility spans through Sales and Marketing, Projects, Research and Development and Client Relationship Management. Charles has eight years hands on experience working with progressive Technology companies in the capacity of Business Development, Market research and Project Management. He is a holder of a BCom Marketing Degree from the Catholic University of East Africa and a diploma in Applied Research from Strathmore University.

Contact Us


1st Floor Occidental Plaza
Muthithi Road, P O Box 101083-00101
Nairobi, Kenya
Tel +254 20 374 4552/8
Fax +254 20 374 4562


2nd Floor, ZB Centre, 1st Street
P O Box 2208
Harare, Zimbabwe
Tel +263 4 758193
Fax +263 4 752629


No 6. Mwaleshi Road,
Olympia Park
Lusaka, Zambia
Tel +260 (211) 256969/70
Fax +260 (211) 256975

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