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

40% of tax revenue will go to servicing public debt

Posted by CFO Kenya on December 1, 2016 at 8:00 0 Comments

During 2017, the Treasury will likely spend an estimated 40 out of every 100 shillings (40%) of money collected from taxpayers on servicing loans, as the country’s annual debt repayment is set to hit Sh618.5 billion.

In the explanatory notes to the Division of Revenue Bill, the Treasury…

Continue

Inflation reaches 6.68%

Posted by CFO Kenya on November 24, 2016 at 8:00 0 Comments

According to data from the Kenya National Bureau of Statistics (KNBS), the inflation rate climbed to 6.68% this month, up from 6.47% in October.

The KNBS noted that the rise in inflation is mainly due to an increase in the cost of food and non-alcoholic drinks – the Food and…

Continue

Telkom Kenya appoints Sundararaman Pattabiraman as CFO

Posted by CFO Kenya on November 17, 2016 at 8:00 0 Comments

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…

Continue

Treasury to raise Sh59 billion from domestic market

Posted by CFO Kenya on November 10, 2016 at 8:00 0 Comments

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…

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 blog posts
Dec 1
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
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
CFO Kenya posted blog posts
Nov 3
CFO Kenya posted a blog post

Visa introduces M-Pesa rival

The majority of wireless payments in Kenya are currently completed through the country’s largest telecoms company, Safaricom, on the M-Pesa platform. Enter a new market competitor because Visa has introduced a mobile-phone application to rival this: the mVisa app.The app is quite simple to use: mVisa users can make payments by…See More
Oct 6
CFO Kenya posted a blog post

Government seeking ways to use ICT to benefit e-commerce

Kenya’s government is currently investigating ways in which it can leverage ICT to enhance Small and Medium-Sized Enterprise (SME) growth through e-commerce.According to Joe Mucheru (pictured), Cabinet Secretary, speaking during a recent press briefing which took place after a meeting with Hauli Zhao, Secretary General of…See More
Sep 29
CFO Kenya posted a blog post

Kenya’s private sector sees improved growth

According to the latest Purchasing Managers Index (PMI) released by CfC Stanbic Bank and market research firm IHS Markit, output and job creation increased during August, putting Kenya’s private sector on a higher growth path. CfC Stanbic and Markit said in a statement:“The seasonally adjusted PMI inched higher in August,…See More
Sep 22
CFO Kenya posted a blog post

KRA introcudes digital excise stamps to curb tax leakages

In a bid to seal tax leakages, the Kenya Revenue Authority (KRA) has introduced new generation excise stamps for wines, spirits, tobacco and beer. The stamps feature a quick response code (QR code) that allows distributors, retailers and consumers to use an app on their smartphones to verify the authenticity of the products. Benson…See More
Sep 15
CFO Kenya posted a blog post

Rob Tims named new Rhino Resources CFO

Rhino Resources, a global energy company, has announced the addition of London-based CFO Rob Tims to its leadership team. Tims, a 25-year veteran of the oil and gas industry and whose experience spans operations, finance, banking and consulting, has for the past 10 years, served as Managing Director with responsibility for…See More
Sep 1
CFO Kenya posted a blog post

ARM Cement anticipates Sh14bn injection to kick start new Kitui plant

Nairobi Securities Exchange-listed ARM Cement, majority owned by the Paunrana family, is counting on a $140 million (Sh14 billion) capital investment from the CDC Group, a British government-owned fund, to help finance the establishment of a new clinker and cement plant. Work on the integrated cement factory, due to be set up…See More
Aug 25
CFO Kenya posted a blog post

CBK proposes three-year limit for bank auditors

The Central Bank of Kenya (CBK) has put banks on notice with plans to introduce three-year term limits for external auditors handling their books. This as a means of boosting governance and quelling the regulator’s concerns in this regard, following several external auditors becoming entangled in the collapse of…See More
Aug 11
CFO Kenya posted a blog post

Kenya eyes lower spending in 2017/18 fiscal year

According to Treasury, Kenya expects public spending to fall to 27.7% of GDP in the year to June 2018, from 30.6% in the current fiscal year. Furthermore, in guidelines for the 2017/18 budget, it said total revenue collection would be closer to 20% of GDP, unchanged from this year. Kamau Thugge, Treasury's principal…See More
Aug 4
CFO Kenya posted a blog post

Safaricom to pay special dividend

Telecoms operator Safaricom, 40 percent owned by Britain's Vodafone, has announced that it will pay a special dividend of 0.68 shillings ($0.0067) per share. Safaricom CEO Bob Collymore said in a statement:"There is room for this one-off special dividend of 27.5 billion shillings due to the cash position of the company, and…See More
Jul 28
CFO Kenya posted blog posts
Jul 21
CFO Kenya posted a blog post

Safaricom and Craft Silicon launch Uber competitor

Safaricom, Kenya's biggest telecoms company, 40 percent owned by Britain's Vodafone, has joined forces with a local software firm, Craft Silicon, to launch a ride-hailing company that will take on Uber. According to Safaricom CEO Bob Collymore (pictured), Little Cabs, as the company will be known, will…See More
Jul 7
CFO Kenya posted a blog post

Kenya financially strong enough to withstand Brexit fallout

According to Governor Patrick Njoroge (pictured), Kenya's central bank has enough forex reserves and funds available from an IMF standby facility to come through any fallout from the recent Brexit debacle.Speaking at a news conference last week, the governor said: "We think we are in a comfortable position." Despite this,…See More
Jun 30

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

Badges  |  Report an Issue  |  Terms of Service