Latest articles

As head of finance at then KenolKobil (now Rubis Energy Kenya), John Githiomi participated in investor roadshows in different parts of the world between 2017 and 2018. It was through these engagements that the French energy conglomerate, Rubis, became interested in acquiring KenolKobil and, as John was the custodian of financial information, he found himself at the centre of the acquisition.

When Misheck Sithole initially arrived in Dar es Salaam in October 2021 to assume the position of CFO at Grand Reinsurance Tanzania, adjusting to the new environment proved to be, well, quite interesting.

Dr Michael Mayanja Lugemwa has been appointed director of finance and operations at the Deposit Protection Fund (DPF) of Uganda, effective April 2024.

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.

Many people have the impression that the public sector is slow, inefficient and bureaucratic. This is not necessarily the case in Kenya today, according to Stephen Vikiru Kinadira, general manager: Finance at Kenya Power and Lighting Company.

Standard Chartered Uganda CFO Kelvin Musana’s fascination with finance was sparked at a young age, when he delved into Frank Woods’ Business Accounting Volume 1 while waiting on his Grade 7 results.

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.

Billy Ngetich has been appointed acting CFO of I&M Group Plc. Billy is a seasoned finance professional, who has been making waves in the banking industry since August 2001 when he began his career as a business finance manager at KCB Bank.

Isaac Lupokela, the CFO who joined Sotta Mining Corporation (Sotta Mining) in June 2023, reflects positively on his decision, considering it both opportune and well-timed.

Ash Makau, regional CFO for Africa and Europe at Volcafe, has furthered his expertise with certificates in Sustainability for Finance and Digital Innovation for Finance, showcasing a commitment to staying at the forefront of industry trends.

Yusuf Omari, the finance director of Absa Bank Kenya, boasts an illustrious 20-year career in the banking sector, clearly demonstrating his deep-rooted expertise in financial management and strategic leadership. He recently unpacked the bank's full financial year results.

Bernard Tesha has been appointed CFO of Absa Bank Tanzania. The appointment comes on the back of various personnel shifts that have occurred over the past 18 months.

Chemutai Murgor is the CFO of Standard Chartered Bank: East Africa Cluster and the finance director of Standard Chartered Bank: Kenya. She speaks to CFO East Africa about her leadership journey, her work priorities and strategy insights from holding these positions for close to 17 years.

At 30 years old, Pathcare Kenya CFO Stephen Kimani is one of the youngest people in the organisation. He has been able to command the respect of his colleagues by ensuring that he demonstrates expert knowledge.

At a recent results briefing, Fred Nshekanabo, the CFO of Tanzania’s largest bank CRDB, celebrated the growth recorded with respect to loans to small and medium-sized entities (SMEs). The financial results for the bank for the year ended 31 December 2023 shows a diversified split.

MTN Uganda's financial results for the year ended 31 December 2023 "demonstrate resilience in challenging trade conditions" and "showcase robust performance driven by executional excellence and effective capital allocation", according to CFO Andrew Bugembe.

Kevin Muregi has taken on the role of CFO at American Tower Corporation (ATC) Kenya. He previously held the role of finance manager responsible for reporting at the tower operator.

In this CFO East Africa thought leadership piece, Jackline Aluda, group CFO of Cold Solutions Kenya, details the present benefits that accrue to an organisation that authentically adheres to ESG practices.

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.

Trademark Africa, a prominent aid-for-trade organisation dedicated to enhancing prosperity through increased trade in Africa, has appointed Leah Kihara as its finance director.