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CFOs share secrets for success at second annual Rwanda summit

The second annual CFO East Africa Summit, held in Kigali on 17 April, brought together the region’s finance leaders for an evening defined not by forecasts and models, but by reflection, introspection and renewed intent. Against the backdrop of a fast-evolving economic landscape, the gathering created space for CFOs to pause, recalibrate and engage with the deeper questions shaping their leadership journeys.

Amr Atef appointed CFO of M-PESA Africa

Amr Atef has been appointed as the chief financial officer of M-PESA Africa, bringing with him over two decades of experience in the finance sector. He assumed his new role in September 2024 and is now based in Nairobi, Kenya, where he will oversee the company’s financial operations.

Eunice Waweru appointed CFO of Hariss International

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.

David Ngata appointed CFO of I&M Bank Group

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.

CFO Rayson Foya joins NBC Tanzania

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.

CFO Ashington Makau takes up a regional role at Puma Energy

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.

Juma Kimori to speak at Nairobi CFO of the Future Summit

The CFO of Tanzania’s number one bank by profit, NMB Bank, Juma Kimori is set to deliver a speech at the CFO of the Future Summit to be held in Nairobi on the evening of 15 August 2024. The event is exclusive to invited CFOs and representatives of the partner entities EY, Adili Group, ALN and Payspace.

WE ARE HIRING: CFO EAST AFRICA SENIOR WRITER

Are you a bright, motivated writer or editor with a head for business and a passion for people? CFO East Africa is looking for a full-time editor to join its growing team. The ideal candidate is deadline-driven, fun-loving, hard-working, an excellent listener and comfortable to engage with and write about top executives across corporate East Africa.

CFO Juma Kimori seeks positive impact and a long-term view

As CFO of Tanzania’s number one bank by profit, Juma Kimori employs an open door policy. The idea that any member of staff can knock on his door and seek an audience with him has been something he has found motivates charges in every company he has worked for. Having patience has also propelled his career; remaining calm in the knowledge that everything happens for a reason. Looking at his journey, he has found there are times he has had to wait for things to happen rather than rushing.

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.

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.

Billy Ngetich appointed acting CFO of I&M Group

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.

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