Community

Almost 1 in 2 CFOs expect tech to replace their senior staff

An astounding 44 percent of CFOs anticipate that tech will supplant their senior staff within the next two decades. This striking statistic is just one of several surprising findings from the CFO East Africa tech survey, which involved over 100 CFOs representing leading companies in Kenya, Uganda, Tanzania, and Rwanda.

CFO Alkarim Jiwa lives life with gratitude and no regrets

Alkarim Jiwa is the group finance and strategy director at Diamond Trust Bank (DTB). He took time off his busy schedule to chat with CFO East Africa about himself, his role at the bank and his advice for fellow finance professionals.

Leadership

CFO Alkarim Jiwa lives life with gratitude and no regrets

Alkarim Jiwa is the group finance and strategy director at Diamond Trust Bank (DTB). He took time off his busy schedule to chat with CFO East Africa about himself, his role at the bank and his advice for fellow finance professionals.

Insight

CEO Nancy Muhoya is going the extra mile to back CFOs in East Africa

For Nancy Muhoya cluster leader of EY East Africa and the country managing partner for EY Kenya, success stems from the ability to handle anything that comes her way. Her own experience in a leadership role has taught her that success comes from seeking continuous improvement because comfort at any stage leads to stagnation.

Strategy

Rayson Foya: how a tour guide became a big bank CFO

In 2022, Rayson Foya and his colleagues took up the challenge to conquer Mount Kilimanjaro. During the process, it evoked memories of his time growing up in the area and how he worked as a porter for tourists who would pay him $40 to carry their luggage up the mountain.

CFO David Wanjala is focused on sustainable finance

Over the last 14 years in Rwanda, Wafula David Wanjala, CFO for the African operations of ContourGlobal, has been a witness to the country's remarkable evolution in the accounting landscape.

Joseph Ndisya weighs in on the change from CFO to COO

Joseph Nzou Ndisya, who has worked for PwC Kenya for his entire 22-year career, believes it is important to never lose the personal touch with employees no matter how many there are. As part of this approach, he has instituted a Next-Gen council, so younger professionals have a forum to suggest ideas and drive transformation.

Sustainability and Reporting

PwC's Edward Kerich unpacks reasons why the ESG journey is just beginning

Edward Kerich is a partner at PwC in Kenya with responsibility for Environment, Social and Governance (ESG) advisory. He took time to speak to CFO East Africa about the ESG landscape in the region, including the challenges and opportunities of sustainable practices and reporting.

Diversified business model pays off for FD David Abwoga

At a recent financial results briefing, David Abwoga, the director of finance of NCBA banking group, celebrated the contribution of the banking group’s subsidiaries outside of Kenya to the group’s profit after tax.

Lawrence Kimathi explains the impact of forex fluctuations on banks

Lawrence Kimathi, the group FD of KCB, has described the banking group’s financial results for the year ended December 2023 as a mixed bag. Lawrence celebrated the growth in the balance sheet with both loans advanced and customer deposits showing marked increases. He however lamented the increase in non-performing loans (NPL) stock from Ksh 161 billion to Ksh 208 billion.

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