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New investment firm for Sub-Saharan Africa: Arise

Posted by CFO Kenya on February 23, 2017 at 8:00 0 Comments

Dutch development bank FMO and banking co-operative Rabobank, together with Norfund, a Norwegian development finance institution, have joined financial forces in launching a new investment firm, Arise. The new South…

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Joseph Mutugu Group CFO of UAP Old Mutual East Africa

Posted by CFO Kenya on February 16, 2017 at 8:00 0 Comments

Joseph Mutugu was appointed group chief financial officer of UAP Old Mutual East Africa in September last year. Prior to this he was CFO at Amu Power, a position he held for close on 18 months.

Highly accomplished, Mutugu completed his studies at…

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Kenya’s retail spending hits Sh1.8 trillion

Posted by CFO Kenya on February 9, 2017 at 8:00 0 Comments

A new survey by Procter & Gamble (P&G) has revealed that Kenya’s retail spending hit Sh1.8 trillion in 2016 as the sector expanded by 13%.

The study shows that over half of Kenyan urbanites regularly shop in supermarkets these days, a…

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Bounty Brands backs out of acquisision deal

Posted by CFO Kenya on February 2, 2017 at 8:00 0 Comments

Listed South African FMCG company Bounty Brands has halted its plans to acquire an unnamed Kenyan foods maker, citing the reason that local companies are overpriced. Instead, the Cape Town-based company intends to ship goods into Kenya via a distributor, opting rather to make European…

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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

New investment firm for Sub-Saharan Africa: Arise

Dutch development bank FMO and banking co-operative Rabobank, together with Norfund, a Norwegian development finance institution, have joined financial forces in launching a new investment firm, Arise. The new South Africa-based entity, which has combined assets of $637 million, will focus on Sub-Saharan Africa’s…See More
Thursday
Zahlee George updated their profile
Feb 16
CFO Kenya posted a blog post

Kenya’s retail spending hits Sh1.8 trillion

A new survey by Procter & Gamble (P&G) has revealed that Kenya’s retail spending hit Sh1.8 trillion in 2016 as the sector expanded by 13%.The study shows that over half of Kenyan urbanites regularly shop in supermarkets these days, a trend driven by the fact that supermarkets stock branded products which are well known and…See More
Feb 9
CFO Kenya posted a blog post

Bounty Brands backs out of acquisision deal

Listed South African FMCG company Bounty Brands has halted its plans to acquire an unnamed Kenyan foods maker, citing the reason that local companies are overpriced. Instead, the Cape Town-based company intends to ship goods into Kenya via a distributor, opting rather to make European acquisitions.Stefan Rabe,…See More
Feb 2
CFO Kenya posted a blog post

Kisumu to host investment forum to boost economy

A five-day investment conference due to be held in Kisumu in February aims to unlock the Sh200 billion potential of the Lake region. SMEs from 12 counties have been invited to the event, the aim of which is to create farm-to-fork networks that will bolster the region’s economy.According to Laban Onditi, the Kenya National…See More
Jan 26
Profile IconNora Toma, Philip Kariuki Kabaiku, Phylis Njongoro and 7 more joined CFO Kenya | Finance Professionals Kenya
Jan 25
CFO Kenya posted a blog post

IMF cautions Tanzania about stunted fiscal growth

Tanzania’s economic policies stand to threaten the country’s growth forecast for fiscal year 2016/17 (July-June), warns the International Monetary Fund (IMF).Although President John Magufuli, when he was elected in 2016, promised economic reform the IMF says this progress has been slow. Moreover, a lack of public…See More
Jan 19
CFO Kenya posted a blog post

Kenya’s exports to East Africa drop by $105 million

New data has revealed that Kenya’s exports to East Africa dropped by the largest margin in three years, to $275.7 million. According to a report from the Kenya National Bureau of Statistics, all countries in the region, with the exception of the DRC, cut their uptake of Kenyan imports from Kenya.The report said:“Africa…See More
Jan 12
CFO Kenya posted a blog post

Ben Chumo leaves Kenya Power, new CEO to be appointed

Ben Chumo (pictured), Kenya Power CEO, has exited the firm. This after an activist moved to court attempting to block him from serving a second term.According to reports, in November last year Judge Nelson Abuodha issued temporary orders stopping the Energy minister and board from renewing Chumo’s tenure at Kenya Power. This…See More
Jan 5
CFO Kenya posted a blog post

VW expands into Kenya & Rwanda

Volkswagen (VW) has opened a new assembly plant in Kenya, in the industrial town of Thika, also launching plans for a ride-sharing service. A few weeks prior, VW signed a deal to build an assembly plant in Algeria. The German car manufacturer is clearly expanding into East Africa.According to Herbert Diess, VW Brand CEO, the…See More
Dec 29, 2016
CFO Kenya posted a blog post

Julius Muia new DG of Kenya’s Vision 2030

Julius Muia, a former Unga and HF Group senior manager, has been chosen by President Kenyatta to drive the country’s national long-term development policy, Kenya Vision 2030, as its new director-general.James Mwangi (pictured), chairman of Vision 2030, when announcing Muia’s appointment said:“He is one of the outstanding…See More
Dec 22, 2016
CFO Kenya posted a blog post

Safaricom plays huge role in Kenyan economy

According to a report by KPMG, Telecoms operator Safaricom’s data, voice and M-Pesa business plays a huge role in the country’s economy, sustaining some 845,850 jobs. Moreover, the company injected some Sh413.8 billion into the economy to the year ending March – the equivalent of 6.6 percent of the country’s GDP.Bob…See More
Dec 15, 2016
CFO Kenya posted a blog post

Josiah Moriasi Arabu new CEO for Youth Enterprise Development Fund

Josiah Moriasi Arabu was recently appointed CEO of the Youth Enterprise Development Fund (YEDF), scoring the highest marks in the recruitment process, according to board chairman Ronald Osumba.The board noted that Arabu had extensive knowledge of corporate governance, performance management, HR and development, change…See More
Dec 9, 2016
CFO Kenya posted blog posts
Dec 1, 2016
CFO Kenya posted a blog post

Telkom Kenya appoints Sundararaman Pattabiraman as CFO

Telkom Kenya has appointed former Safaricom head of Finance, Planning and Analysis, Sundararaman Pattabiraman, as its new CFO. Pattabiraman, a career accountant, has more than 22 years of experience across Africa and Asia, 16 of which have been in the telecoms sector.Prior to his appointment,…See More
Nov 17, 2016
CFO Kenya posted a blog post

Treasury to raise Sh59 billion from domestic market

As it takes a step back from external borrowing, Kenya’s National Treasury intends to raise a further Sh59 billion from the domestic market this fiscal year, pushing the target amount to Sh294 billion.According to the 2016 Budget outlook paper released by Treasury, the State intends to borrow a combined domestic and…See More
Nov 7, 2016

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