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Noel Ngonyani has been appointed CFO of Tanzanian consulting firm Dolphin Professional Services. The move marks Noel’s entry into C-suite finance leadership, after having previously held the role of finance and administration manager at Muhima and Company for four years.

While attending his 5th CFO East Africa summit in Nairobi in August 2024, Bobmil Industries Limited group CFO Juzer Adamjee reflected on the changing role of the CFO. He encouraged upcoming CFOs to develop their skills beyond traditional accounting to prepare themselves for the more demanding strategic roles.

Hariss International Limited, one of Uganda’s foremost food and beverage manufacturers, has announced the appointment of Eunice Waweru as its new chief financial officer (CFO). The appointment marks a significant step forward for the company, as it continues to solidify its position as a key player in Uganda’s fast-moving consumer goods (FMCG) sector.

In his remarks at the CFO of the Future summit held in Nairobi in August, MTN Uganda CFO Andrew Bugembe shared insights on risk management amid the increasing adoption and reliance on artificial intelligence (AI).

When Stanbic Bank Kenya's chief finance and value officer (CFVO), Dennis Musau, turned 40, he sought a meaningful way to celebrate the milestone.

I&M Group has announced the appointment of David Ngata as the new Group CFO, effective 23rd September 2024. Subject to regulatory approval, David will take over the reins of the Group’s financial operations at a crucial time, bringing with him a wealth of experience in global financial services and deep expertise in financial management and analytics. He joins I&M Group from Equity Bank Group, where he served as the Group Director of Finance for over six years.

Rayson Foya has taken up the role of CFO at NBC Tanzania, effective 1 September 2024. He replaces Waziri Barnabas who has retired. Rayson leaves Standard Chartered after 19 years of service, having begun as a clearing officer in 2005 before moving to finance, where he held various roles including management accountant and head of business finance for corporate banking.

Philip ole Kamwaro considers his life a testament to the African proverb “it takes a village to raise a child". He charts his storied journey from “a simple Maasai boy from a village in Narok” to director of corporate services at KMPDC.

For Dilip Pal, climate investment means aligning technology with sustainability while empowering communities to build resilience, because when people and businesses thrive, so does the planet. In his remarks at the United Nations Global Leadership Summit 2024, the Safaricom CFO called for a people-centred approach to innovation for climate action.

Meet CFO East Africa senior writer Muriel Adhiambo

Andrew Bugembe, CFO of MTN Uganda, has been in the telecom industry for over 25 years. He started in Uganda in 1998, spent a few months in Rwanda, moved to Ghana for four and a half years, then to Liberia, Congo Brazzaville - and finally returned to Uganda in 2020, just before the Covid-19 pandemic began.

A surprising thing about Winnie Waweru, FD at Mastercard Foundation , is her passion for cars, especially Mercedes-Benz. She’s even visited the Daimler-Benz factory in Germany to witness car manufacturing firsthand. Her friends are often amazed at how she can easily explain mechanical problems.

Yusuf Omari, CFO of Absa Bank Kenya recently spoke at the financial services provider's 2023 Sustainability Report event in Nairobi.

Ashington "Ash" Makau has announced his resignation from his role as regional CFO for Africa and Europe at Volcafe. He took on the position of regional head of Future Energies and LPG at Puma Energy, effective September 2024.

Kevin Nyakeri is currently the CFO of ICEA Lion Life Assurance, a company specialising in pensions and long-term insurance, with a focus on human-related services. He began his career at EY, and after a five-year stint, transitioned from audit to the broader business world.

Prominent East Africa finance leaders Daisy Wanjie, group CFO of Africa Guarantee Fund (AGF); Dilip Pal, Group CFO of Safaricom; and Yusuf Omari, CFO of Absa Bank Kenya, recently participated in a panel discussion, during the release of Absa Bank Kenya's 2023 Sustainability Report in Nairobi. 

Berkeley Energy Uganda has announced the appointment of Stephen Byaruhanga as its new finance director, effective September 2024. With over 20 years of experience in financial management, Stephen brings a wealth of knowledge and expertise to his new role, where he will oversee the financial strategy for Berkeley Energy Uganda’s portfolio of eight renewable energy projects across the country.

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.

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.

After 18 months as the CFO of Uganda Airlines, Andrew Ssekamwa has left the national carrier and joined Movit Products as a chief commercial officer responsible for the Tanzania, Western DRC and Zambia markets. The transition is effective 1 September 2024.