Join CFO Kenya

If you are a finance professional working in, or with Kenya, join this platform today. It is completely free. Boost your career, your company and your knowledge.  We look forward meeting you on one of our next events.

Does your company wish to share knowledge and resources with CFOs? Contact avangroningen@cfo.co.ke

Twitter CFO Kenya

Business Daily

Loading… Loading feed

 

Blog Posts

IRA report: underwriters made Sh226 million loss in 2015

Posted by CFO Kenya on May 26, 2016 at 8:00 0 Comments

According to the Insurance Regulatory Authority (IRA) report for the fourth quarter of 2015, insurance companies incurred underwriting losses for general business in 2015. The net insurance loss was Sh226.3 million, compared to the Sh2.5 billion profit reported in 2014.



The report,…

Continue

Kihara Maina joines I&M Bank Ltd as CEO

Posted by CFO Kenya on May 19, 2016 at 8:00 0 Comments

Kihara Maina (pictured) has joined financial services firm I&M Holdings as its new CEO, as the company gets ready to accelerate its growth plans to attain a tier one bank status. Maina replaces outgoing CEO, Arun Mathur with immediate effect, though Mathur will maintain an…

Continue

New CBK board to push for further reforms and stability, says chairman

Posted by CFO Kenya on May 12, 2016 at 8:00 0 Comments

According to Mohammed Nyaoga, the incoming board of the Central Bank of Kenya (CBK) will push for further reforms and sound policies in the banking sector.



Speaking to a local Kenyan newspaper, Nyaoga, chairman of the board, said:

"The role of the CBK board is clearly codified under the…

Continue

ARM Cement receives ShSh14bn injection from CDC

Posted by CFO Kenya on May 5, 2016 at 8:00 0 Comments

Development financier CDC, owned by the UK’s Department for International Development (DfID), will inject Sh14.1 billion ($140 million) into ARM Cement. This will make it the single largest shareholder in the Kenyan company.



Mark…

Continue
 
 
 

Founded by CFO Africa

CFO Kenya is founded by CFO Africa, a pan African network for senior finance professionals. CFO Africa connects professionals online and live in order to share knowledge, exchange interests and open up business opportunities. CFO Africa operates in Kenya, Nigeria and South Africa and is looking for partners to launch activities in other African countries. www.cfoafrica.net

Latest Activity

CFO Kenya posted a blog post

IRA report: underwriters made Sh226 million loss in 2015

According to the Insurance Regulatory Authority (IRA) report for the fourth quarter of 2015, insurance companies incurred underwriting losses for general business in 2015. The net insurance loss was Sh226.3 million, compared to the Sh2.5 billion profit reported in 2014. The report, released by Sammy Makove, IRA chief…See More
yesterday
Profile IconDaniel Mwaniki, Losike Albert Koteen, Jovan Grujic and 7 more joined CFO Kenya | Finance Professionals Kenya
May 21
CFO Kenya posted a blog post

Kihara Maina joines I&M Bank Ltd as CEO

Kihara Maina (pictured) has joined financial services firm I&M Holdings as its new CEO, as the company gets ready to accelerate its growth plans to attain a tier one bank status. Maina replaces outgoing CEO, Arun Mathur with immediate effect, though Mathur will maintain an advisory role within the group. Sarit Raja- Shah,…See More
May 19
CFO Kenya posted a blog post

New CBK board to push for further reforms and stability, says chairman

According to Mohammed Nyaoga, the incoming board of the Central Bank of Kenya (CBK) will push for further reforms and sound policies in the banking sector. Speaking to a local Kenyan newspaper, Nyaoga, chairman of the board, said:"The role of the CBK board is clearly codified under the Central Bank of Kenya Act. It is predicated upon…See More
May 12
CFO Kenya posted a blog post

ARM Cement receives ShSh14bn injection from CDC

Development financier CDC, owned by the UK’s Department for International Development (DfID), will inject Sh14.1 billion ($140 million) into ARM Cement. This will make it the single largest shareholder in the Kenyan company. Mark Pay (pictured), CDC’s MD for Equity Investments, said in a statement:"We…See More
May 5
CFO Kenya posted a blog post

Britam to pay dividends despite Sh1 billion loss

Despite announcing a loss of Sh1 billion for the year ending December 2015, Britam Holdings has maintained its dividend payout of Sh0.30 per share, translating to a payout of Sh581.5 million. Benson Wairegi, Britam’s Group MD, has said:"The downturn in performance of the securities market has…See More
Apr 28
CFO Kenya posted a blog post

Chase Bank to reopen on 27 April as KCB takes over

Chase Bank is scheduled to reopen next week Wednesday, 27 April, following an agreement by the Central Bank of Kenya and Kenya Commercial Bank (KCB) on how to get the collapsed lender back up and running. CBK said in a statement:"All Chase Bank Ltd (in receivership) branches will open by Wednesday, April 27, 2016. The…See More
Apr 21
CFO Kenya posted a blog post

France approves Sh28 billion for infrastructure development

Kenya has signed seven memorandums of understanding (MOUs) with France, which will see the east African country receive some Sh28.8 billion (€250 million) for various infrastructure development projects. The financing includes grants and loans negotiated through the National Treasury. Almost half of the money, some…See More
Apr 14
CFO Kenya posted a blog post

Uganda central bank cuts key lending rate

On Monday this week, Uganda's central bank cut its benchmark lending rate, as the inflation outlook had improved.Emmanuel Tumusiime-Mutebile, Bank of Uganda (BOU) Governor, said:"Given that the inflation outlook has improved and to ensure that real economic growth remains close to potential,…See More
Apr 7
CFO Kenya posted a blog post

Kenya Re announces 9% rise in profit after tax

Kenya Reinsurance Corp, known as Kenya Re, has reported a 9% rise in 2015 pre-tax profit, to Sh3.4 billion. According to the company, higher premiums and investment incomes helped contribute to this increase.Kenya Re, which provides reinsurance services to insurance companies in Africa, the Middle East and Asia, said gross written…See More
Mar 31
CFO Kenya posted a blog post

New corporate code means CFOs and CEOs face pay cut

The Capital Markets Authority (CMA) recently gazetted the new corporate governance code with immediate effect, meaning that various new rules tying executive pay to companies' performance will soon come into force.The legal notice reads that executive directors' remuneration "shall include an element that is linked to corporate…See More
Mar 24
CFO Kenya posted a blog post

Equity Bank reports 1% profit growth

Equity Bank's 2015 full-year net profit has hardly changed from 2014, rising just 1% to Sh17.3 billion. This is compared to Sh17.2 the previous year. In addition, the bank's loan loss provision jumped by almost 50%.James Mwangi, Equity Bank CEO, has attributed this growth to a turbulent market environment and high…See More
Mar 17
CFO Kenya posted a blog post

Treasury ready to issue debut mobile money bond, M-Akiba

Treasury Cabinet Secretary Henry Rotich believes now is the ideal time to float the debut mobile money bond, M-Akiba, taking advantage of a nine-month low return on Treasury Bills, which have fallen to 9.060, the lowest since July 2015, when rates went down to 8.2%.According to Rotich, the return should…See More
Mar 10
CFO Kenya posted a blog post

PwC heading up search for new KAA CEO

Two months after it called off the initial recruitment process, the government has again initiated  the search for a new Kenya Airports Authority (KAA) CEO.On 21 January this year, James Macharia (pictured), Transport Cabinet Secretary, cancelled the previous recruitment process, citing interference.…See More
Mar 3
CFO Kenya posted a blog post

Airtel and UBA in deal to offer mobile banking

Airtel Kenya and United Bank for Africa (UBA) are discussing a partnership to offer financial transactions through mobile devices.The result of the deal will be a virtual savings account rivalling Safaricom’s M-Shwari but dubbed "Akiba Mkononi" to all Airtel customers. Akiba Mkononi will permit Airtel money…See More
Feb 25
CFO Kenya posted a blog post

Kenya toughens up on tax evaders

The International Monetary Fund (IMF) suggests that poor countries are losing as much as Sh20.4 trillion ($212 billion) a year to tax avoidance by multinationals. In a bid to crackdown on multinationals and individuals evading taxes, Kenya has signed a global tax deal that will make it more difficult for multinationals who concentrate their taxes in low-tax countries and tax havens, thereby denying regular countries their share of tax revenues.…See More
Feb 18

© 2016   CFO Africa | Contributing to the growth of Africa   Powered by

Badges  |  Report an Issue  |  Terms of Service