Community

Unforgettable night! Tanzanian finance execs turn up for groundbreaking CFO East Africa launch

Over 60 top Tanzanian finance leaders came together at Hyatt Regency Hotel in Dar es Salaam for the much-anticipated launch of the local chapter of the CFO East Africa community. Engaging conversations were held dwelling on the agenda for an active CFO community in the country. The occasion was supported by event Principal Partner PwC.

Leadership

CFO Juzer Adamjee makes ‘third world experience’ a ticket to being first class

Among the memorable highlights of group CFO of Bobmill Group Kenya Juzer Adamjee's long career was his promotion, in 2014, from divisional CFO to group CFO. The role involved managing the finance function of an organisation in Qatar, with over 20 diverse business units operating in the Middle East and Europe. At the time, the company’s annual revenue was in excess of US$2.4 billion.

Insight

Q&A with Zainab Msimbe, incoming CEO of PwC Tanzania

Zainab, the incoming country senior partner effective 1 July 2024, currently serves as the country operations partner, overseeing the firm's financial affairs and spearheading the Learning and Methodology Practice. She spoke to CFO East Africa about the firm's role in assisting CFOs meet their objectives and their support of the community as principal partner.

CFO East Africa survey ranks investor demands as top ESG influencer

Close to half of CFOs in East Africa stated that demands from investors is the main trend influencing their organisations’ approach to ESG. This statistic is just one of several interesting findings from the CFO East Africa ESG survey, which involved 120 CFOs representing leading companies in Kenya, Uganda, Tanzania and Rwanda.

Strategy

CFO Orge Godana’s quest for authenticity and excellence

Orge Godana, the group CFO at Java House Africa, is greatly inspired by Indra Nooyi. She considers Indra’s book My Life in Full: Work, Family and Our Future, a must-read for every professional, women in particular.

FD Paul Tuyizere practises collaborative execution

Prior to joining Inyange Industries, FD Paul Tuyizere audited a number of manufacturing companies, which gave him insight into the sector and taught him how to handle high pressure situations.

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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