• Our History

    Rooted in the African Growth Story

    Our History

    Fusion Capital is an international investment business, originating in the United Kingdom, and primarily focused on the countries of the East African Community, including Kenya, Rwanda, and Uganda. It is a financier and developer of commercial and residential real estate, including retail malls, office blocks, mixed-use developments, logistics, and housing. Through its regulated subsidiary, Fusion Investment Management Limited, also manages capital and assets on behalf of other investors, including the Kenya Ports Authority Pension Scheme, Taaleri Real Estate, and other institutional and private investors.
    Fusion Capital was founded in 2006 by Phil Goodwin, a UK investor with experience in the European Private Equity industry. Its first CEO was Luke Kinoti, who left the company in 2016.

    Type: Private Limited Company

    Industry: Real Estate and Financial Services

    Founding Year: 2006

    Founder: Dr. Phil Goodwin

    Headquarters: Nairobi, Kenya, and Manchester, United Kingdom

    Number of locations: 5

    Area served: East Africa, including Kenya, Rwanda, Uganda, and Mauritius

    Key people: Dr. Phil Goodwin, Daniel Kamau, Michael Kimondo, James Maclean

    From Small Beginnings to Landmark Developments

    2006
    Early History
    Fusion Capital is founded

    Phil Goodwin founded Fusion Capital in Nairobi, making 350 SME investments across Kenya between 2006 and 2010 to support jobs and wealth creation, before expanding into larger business loans and equity financing.

    2010
    Real-Estate Pivot
    A Shift into Real Estate Development

    In 2010, Fusion entered real estate to provide affordable business premises and housing for SMEs and their workforce, financing its first project, 4th  Ngong Avenue Towers in Nairobi’s Upper Hill through a loan and minority equity investment.

    2010 - 2011
    Regional Expansion
    Expanding the Scope to Uganda and Rwanda

    Fusion expands its East African footprint, opening offices in Uganda and Rwanda and hiring local teams.

    2013
    Fund Management Services
    Fusion Investment Management is Established

    Fusion launches Fusion Investment Management, a dedicated fund manager serving East African and internationally accredited investors.

    2015
    Fusion's 2nd Mixed-Use Undertaking
    Meru Greenwood Mall Breaks Ground

    Fusion breaks ground on Meru Greenwood Mall, its first retail development and second mixed-use development, a 24,400 m² project in the heart of Meru town, 270 km north of Nairobi.

    December 2016
    Kigali Heights Completion
    Kigali Heights opens its doors

    Fusion completes Kigali Heights in Rwanda, over 330,000 sq ft of prestige office and retail space, and voted Africa's best mixed-use development of 2017 by the East Africa Property Investment Summit.

    2020 – Present
    Residential Real Estate Focus
    A Shift toward Affordable, Sustainable Housing

    Recognizing a high market demand for accessible, transparent land buying in Kenya, Fusion enters the subdivision and and sales market through Fusion Estates Management. Delivering not just raw land but master-planned thriving cities.

    Developing Spaces Where
    Business Can Grow.

    Discover commercial and residential opportunities in
    Fusion’s established developments across East Africa.

    © 2026 Fusion Capital Limited. All rights reserved. Regulated by the Capital Markets Authority (CMA) in Kenya