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Blog Posts

Kenya’s credit rating downgraded over rising debt

Posted by CFO Kenya on February 15, 2018 at 8:00 0 Comments

Kenya’s credit scores have been downgraded by Moody’s, the global rating agency. The country’s rising debts were cited as the reason for the change.

During 2017, Moody’s placed Kenya’s B1 rating on review for downgrade because of persistent deficits within high borrowing costs. Yesterday,…

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Sanlam Kenya appoints George Kuria acting CEO

Posted by CFO Kenya on February 8, 2018 at 8:00 0 Comments

George Kuria (pictured), Sanlam General Insurance Limited CEO, has been appointed acting group CEO of Sanlam Kenya, following the recent resignation of Mugo Kibati.

According to the company, Kibati will be leaving the…

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Inflation rises for first time in five months

Posted by CFO Kenya on February 1, 2018 at 8:00 0 Comments

In January, inflation in Kenya rose for the first time in five months, reportedly driven by higher prices of food, electricity and fuel. Until now, the trend was to see inflation dropping since September.

The Kenya National Bureau of Statistics (KNBS) said in a…

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Hellen Mwariri appointed Kenya Airways acting CFO

Posted by CFO Kenya on January 25, 2018 at 8:00 0 Comments

Hellen Mwariri has been appointed acting chief finance officer of Kenya Airways, replacing Dick Murianki, who moved back to head up the airline’s cargo unit per his own request.

Mwariri’s appointment by Kenya Airways chief…

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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

Grace Wachira updated their profile
Thursday
CFO Kenya posted blog posts
Thursday
Profile IconGilbert Langat and Grace Wachira joined CFO Kenya | Finance Professionals Kenya
Wednesday
Viral Navinchandra Dodhia updated their profile
Feb 2
Profile IconHarold N. Stern and Rose Wambui joined CFO Kenya | Finance Professionals Kenya
Jan 19
CFO Kenya posted a blog post

CBK to leave policy rate as is

Many economists believe that the Central Bank of Kenya (CBK) will leave its policy rate unchanged, despite the fact that banks continue to ration credit. Moreover, experts’ current ongoing sentiment is that Kenya’s decision to peg interest rate cap on its base lending rate has eroded the CBK’s decision-making…See More
Jan 19
CFO Kenya posted a blog post

Luke Leslie appointed Shanta Gold CFO

East Africa-focused gold producer, developer and explorer Shanta Gold Ltd has appointed Luke Leslie as permanent CFO. Prior to this, Leslie, already a director of Shanta, served as CFO on an interim basis.Eric Zurrin, Shanta chief executive, said:"On behalf of the board, I am extremely pleased that Luke has agreed to become…See More
Jan 11
CFO Kenya posted a blog post

IFRS 9 will make borrowing tricky for SMEs

The onset of new global accounting standards might hurt loans to the micro, small and medium-sized enterprises, says the Kenya Bankers Association (KBA). This is because smaller enterprises now face more stringent conditions in accessing loans, thanks to the implementation of the International Financial Reporting Standard –…See More
Jan 8
CFO Kenya posted blog posts
Dec 28, 2017
CFO Kenya posted blog posts
Dec 11, 2017
CFO Kenya posted a blog post

Alvin Mbugua walks away with two CFO Awards

Alvin Mbugua of Uganda Breweries Ltd was recently named the overall winner of the inaugural Chief Financial Officer of the Year Award, also taking home the Strategy Execution Award. The event was organised by the Association of Chartered and Certified Accountants (ACCA) and Deloitte Uganda.Beatrice Isagayite, the Head of ACCA…See More
Nov 23, 2017
CFO Kenya posted a blog post

Shoprite prepares Kenya entry

Cape Town-based Shoprite Holdings is in talks to open its first Kenyan stores, making a similar move to Choppies and filling the retail space left vacant by the Nakumatt chain.The move would be a major step in Shoprite’s expansion, and help to strengthen its position outside South Africa. According to its annual report, at the…See More
Nov 16, 2017
Antony Kambiriri updated their profile
Nov 9, 2017
Profile IconPRECIOUS ROMEO, Gurudas Saha and Antony Kambiriri joined CFO Kenya | Finance Professionals Kenya
Nov 9, 2017
CFO Kenya posted a blog post

Choppies fills the gap left by Nakumatt

According to Reuters, Botswana’s Choppies intends to treble the number of stores it has in Kenya over the next three years.Choppies CE Ramachandran (Ram) Ottapathu, says this means increasing the number of stores in Kenya from 11 to as many as 25. He added, however, that the company was not in talks about taking…See More
Nov 9, 2017
CFO Kenya posted a blog post

Sh30 billion cut in development budget

Kenya’s Treasury has cut development spending by Sh30 billion for the current financial year, in a bid to stop the ever-increasing budget deficit and appetite for borrowing, amid missed revenue targets.Treasury announced the cut in a recent mini-budget, according to which project spending will drop from the initial…See More
Nov 3, 2017

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