Community

Momentous launch! Ugandan finance leaders embrace CFO East Africa community

Over 60 CFOs from across East Africa came together at Kampala Serena in Uganda for the much-anticipated launch of the CFO East Africa Uganda Chapter. The event was sponsored by Community Principal Partner EY and Event Associate Partner AARO.

Juma Kimori's finance transformation masterclass at CFO of the Future Summit

In a compelling presentation at the CFO East Africa Summit, Juma Kimori, the CFO of NMB Bank, laid out his vision for the evolving role of CFOs in today’s dynamic business environment. He highlighted the significant transformation of the CFO's role from traditional financial stewardship to strategic leadership focused on value creation, digital innovation, and sustainability.

Leadership

CFO Ronald Businge finds joy in the simple things

The Alchemist by Paulo Coelho was a life-changing book for Ronald Businge, CFO at American Tower Uganda. Its themes of pursuing one’s dreams and the importance of the journey resonated deeply with him, inspiring him to take bold steps in his career and personal life on the road to success.

Confidence, positivity key traits of CFO Robert Muhia's success

Robert Muhia’s career trajectory is marked by significant roles in prominent financial institutions. Currently serving as the Group CFO at Zamara Group, he has been instrumental in directing financial operations and strategy across multiple countries.

Insight

FD Michael Nzule shares lessons in working cap management for value preservation

The pulse rate of any organisation is felt through its working capital. Working capital translates strategy into action. It is the lifeline. It represents the reality of what a company can effectively demonstrate as its strength. This is precisely why cash is still considered king, while profits remain opinions, writes FD Michael Nzule, finance and strategy director at Mitchell Cotts Group.

FD Kinya Kimotho challenges CFOs to become change catalysts

Kinya Kimotho serves as the finance director for partner emerging markets at Diageo, overseeing approximately 42 markets in Africa where Diageo does not have a physical presence. These markets range from smaller regions like Burkina Faso and Niger to larger ones such as Ethiopia. Describing herself as a "serial FD", Kinya is in her fourth finance director role.

Strategy

CFO Hesham Abdelhay identifies timeless strategies for success

As the chief finance officer (CFO) of CIB Kenya since January 2021, Hesham Abdelhay has transformed the bank’s financial landscape. With a robust background in finance and strategic planning, Hesham’s journey from Cairo to Nairobi is marked by significant achievements and a relentless pursuit of excellence.

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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