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Blog Posts

Fund trustees to undergo mandatory training

Posted by CFO Kenya on September 14, 2017 at 8:00 0 Comments

As part of new measures intended to improve the governance of pensioners’ funds, the Retirement Benefits Authority (RBA) has said that all pension fund trustees will now be required to undertake a mandatory short course that it has designed.

Tom Kiptanui, RBA’s manager in charge of…

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New directors for Safaricom

Posted by CFO Kenya on September 7, 2017 at 8:00 0 Comments

Mohamed Shameel Aziz Joosub (pictured) and Linda Watiri Muruiki have been appointed to the Safaricom board as non-executive directors, effective immediately.

Vodafone Group recently transferred…

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CFO Priscillah Mabelane new BP CEO

Posted by CFO Kenya on August 31, 2017 at 8:00 0 Comments

BP Southern Africa (BPSA) has appointed its first black female, Priscillah Mabelane, to the role of CEO. Mabelane, a CA, takes over from outgoing CEO, Daniel Odogwu, on 1 September – six years after joining the organisation as CFO in 2011.

BPSA chairperson, Thandi…

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Eaagads declares huge profit but pays no dividend

Posted by CFO Kenya on August 24, 2017 at 8:00 0 Comments

Agricultural firm Eaagads, which grows coffee, did not pay a dividend, despite the company seeing greatly increased revenues. It cited inadequate cash levels as the reason why.

Eaagads said in a statement:

“Although the financial…

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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

Profile Iconstella kwale and Melanie Prinsloo joined CFO Kenya | Finance Professionals Kenya
Aug 11
CFO Kenya posted a blog post

New app provides economic data for Kenya, Angola, Liberia, and Mali

Thomson Reuters has launched a dedicated Decision Africa app that provides financial professionals with comprehensive market and data leading up to and after the elections in Kenya (8th August), Angola (23rd August), Liberia (10th October), and Mali (29th October).The app features a chart book page of all four countries with…See More
Aug 11
CFO Kenya posted a blog post

David Meads new Cisco VP for Middle East and Africa

Cisco has appointed David Meads as the new Vice President of its Middle East and Africa operations. Meads will oversee the execution of the company’s strategy in these two regions, ensuring the technology leader maintains its momentum at the forefront of digital transformation efforts.Meads…See More
Aug 3
CFO Kenya posted blog posts
Aug 1
CFO Kenya posted blog posts
Jul 13
John Martin is now a member of CFO Kenya | Finance Professionals Kenya
Jun 22
CFO Kenya posted blog posts
Jun 22
CFO Kenya posted a blog post

Nicholaos Yiannakis new Limuru Tea MD and Chair

NSE-listed agricultural firm Limuru Tea has appointed a former Unilever executive, Nicholaos Yiannakis, as its new MD and chairman. Yiannakis takes over from Duncan Stickler, who is retiring from both roles.Limuru Tea said in a statement:“Nicholaos has over four years of professional experience in executive management and was the immediate former managing director of Unilever Tea…See More
Jun 8
CFO Kenya posted blog posts
Jun 1
CFO Kenya posted blog posts
May 18
CFO Kenya posted a blog post

Four shortlisted to take over Chase Bank

The Central Bank of Kenya (CBK) has shortlisted four possible suitors to take over a controlling stake in Chase Bank. The CBK plans to sell Chase Bank as part of a restructuring plan intended to speed up its recovery.According to CBK, a total of 12 replies to the Expression of Interest (EOI) were received, with the respondents…See More
May 4
CFO Kenya posted a blog post

Chines imports threaten Kenya’s export market

The World Bank says that Kenya’s trade performance is fast declining because of an influx of goods from China into Uganda and Tanzania – both major export destinations for the country. Data shows that exports contracted by an estimated 23.3 percent in 2016, despite growth in intra-regional business.The World Bank said it its latest…See More
Apr 27
CFO Kenya posted a blog post

Kenyan economy grew 5.8 percent last year

According to the Kenya National Bureau of Statistics, Kenya’s economy grew 5.8 percent during 2016, slightly short of forecasts (government officials estimated the economy to have expanded by 5.9 percent), but a little above the 5.7 percent growth it saw during 2015. Moreover, the current account deficit narrowed 11.9 percent in…See More
Apr 21
CFO Kenya posted a blog post

M-Pesa pioneer Michael Joseph joins MFS Africa

Pan-African FinTech firm MFS Africa has announced that Michael Joseph has joined its board as an independent non-executive director. Joseph served as CEO of Safaricom in Kenya from 2000 to 2010, and is widely credited with spearheading M-Pesa, the world’s most successful mobile money service.Joseph said:“There are over a…See More
Apr 14
CFO Kenya posted a blog post

Total sees profits up 37%

Total Kenya has seen net profit growth of 37.6% for the year ending 31 December. The Nairobi Stock Exchange-listed company reported a net profit of Sh2.23 billion; this compared to Sh1.62 billion the previous year.Anne-Solange Renouard, Total Kenya’s MD, said in a statement:“The improved financial performance…See More
Apr 6
CFO Kenya posted a blog post

EIB loans Equity and HFC Sh10 billion for SME development

The European Investment Bank (EIB) has granted a Sh10.45 billion (€95 million) loan to two banks – Equity Group Holdings and HFC Ltd – for the financing of small and medium-sized enterprises (SMEs).The Equity loan has a value of Sh8.25 billion and the HFC loan a value of of Sh2.2 billion. Equity’s loan will be divided…See More
Mar 30

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