Tanzania

2025 CFO Awards judge Hanif Jaffer’s experience as the founder of Exim Bank Tanzania and a CPA gives him a rare vantage point on the CFO Role. He speaks to CFO East Africa about the lessons he has learned along the way, emphasising the value of staying ahead of the curve.

Saint Augustine once said, "The world is a book, and those who do not travel read only one page." For Yas Tanzania CFO Innocent Rwetabura, FINCA Uganda CFO Robinah Siima, Nyumba Group CFO Vishal Soni, and Watu Credit CFO Steve Onyango, journeying to different parts of the world has left a lasting impression, with each yearning to return to these uniquely inspiring destinations.

While some people may enjoy curling up under a blanket with a good book, others are more drawn to the pleasures of visual media, like films and TV series. Kioo financial controller Dipen Patel, Bamburi Cement group CFO Eugene Antera, and Dolphin Professional Services CFO Noel Ngonyani speak to CFO East Africa about the films they have drawn life lessons from.

Stanbic Bank Tanzania has announced the appointment of Derick Lugemala as its new chief finance and value officer (CFVO).

As the curtains start to fall on 2024, more than 100 finance leaders from across East Africa gathered at Villa Rosa Kempinski in Nairobi for the exclusive 2024 CFO East Africa Year-End Summit. The highly-anticipated event, which took place on 28 November, was CFO East Africa’s seventh summit, all of which have been well-received by CFOs across Kenya, Tanzania, Rwanda, and Uganda since its launch in 2023.

Tanzania’s NMB Bank recently partnered with the International Finance Corporation (IFC) and Mastercard to launch the 'Banking on Women Advisory Project', which aims to enhance its Jasiri Proposition to attract, retain, and grow women-led businesses in Tanzania. Under the Jasiri Proposition, NMB issued the first social bond, whose proceeds have financed more than 3,000 women. CFO East Africa caught up with NMB Bank CFO Juma Kimori, who spoke in detail about how the bank is expanding its initiatives to empower women-led businesses in Tanzania.

The first-time CFO considers himself a uniquely skilled finance professional who plays by the book but isn’t confined by it. He terms his recent appointment a “dream come true” and sees it as an opportunity to offer mentorship to rising finance professionals.

The UAP Tanzania CEO, who recently transitioned from CFO, urges upcoming finance leaders to expand the scope of their responsibility and discharge their role with the future of the business in mind. He shuns the notion of the CFO as purely a finance professional, urging CFOs to play a key role in shaping and driving business strategy.

Get ready to shine a spotlight on the region's most exceptional finance leaders - with nominations now open for the inaugural CFO Awards for East Africa.

In the realm of finance, where numbers often hold the key to success, William Olotu, finance director at Abercrombie & Kent in Tanzania, has not only mastered the intricacies of balance sheets but has also found an unexpected passion in the discipline of karate.

Flora Makule, the CFO of Reliance Insurance Tanzania has former first lady Anna Mkapa to thank for her accounting career.

CFO East Africa chatted with Daniel Ngumy, managing partner at Anjarwalla & Khanna, Stanbic Bank Kenya's Dennis Musau and EABL's Risper Genga Ohaga for this two-part special feature on tax in Kenya, Uganda, Tanzania and Rwanda.

Josephine Njoroge, the CFO of DHL Express in Kenya and Tanzania, was presented with the incredible opportunity to work in Tanzania. She describes her more memorable experiences in this CFO East Africa exclusive insight.

David Muriithi, director of finance at Serengeti Breweries, sees accounting as a life skill - and one that has provided a solid foundation for him to make his mark in finance in over 10 countries and across two continents.

Safaricom CFO Dilip Pal recently commented on the latest Global System for Mobile Communications Association (GSMA) report, noting how mobile money has become a mainstream financial service.

ICEA LION General Insurance Tanzania CFO Alfred Mtaki is relishing the steep learning curve in a fast-growing company.

ICEA LION General Insurance CFO Zipporah Chege’s journey to leading a finance function was undoubtedly shaped by her upbringing.

Diversification strategy pays off for KCB Group, with the Rwandan business amalgamation resulting in the creation of the second-largest bank in the market.

Telecom records substantial profit amid competitive pressures, local and global market dynamics. Vodacom Tanzania finance director Hilda Bujiku went into the detail during a recent conference call.

Miriam Kaggwa was earlier this year appointed as the CFO of WPP-Scangroup. She has extensive experience in the marketing and communications industry in North America, the United Kingdom and emerging markets.