Community

Almost 1 in 2 CFOs expect tech to replace their senior staff

An astounding 44 percent of CFOs anticipate that tech will supplant their senior staff within the next two decades. This striking statistic is just one of several surprising findings from the CFO East Africa tech survey, which involved over 100 CFOs representing leading companies in Kenya, Uganda, Tanzania, and Rwanda.

Juma Kalutu: the operational CFO

Azam Media CFO Juma Kalutu took on his first leadership role at the age of 29. CFO East Africa recently caught up with the finance executive to find out more about his career journey and future plans.

Group CFO John Githiomi values independence and innovation

As head of finance at then KenolKobil (now Rubis Energy Kenya), John Githiomi participated in investor roadshows in different parts of the world between 2017 and 2018. It was through these engagements that the French energy conglomerate, Rubis, became interested in acquiring KenolKobil and, as John was the custodian of financial information, he found himself at the centre of the acquisition.

Leadership

7 Questions for CFO Emmanuel Mushi

Emmanuel Mushi is the CFO of DHL Express Tanzania. His expertise is bolstered by previous roles as the head of finance at the Tanzanian subsidiaries of Green Resources AS and important contributions at Deloitte & Touche.

Insight

Looking at AI adoption and the tech landscape in East Africa

Urvi Patel, Risk Advisory Service Line Leader and the Technology, Media & Telecommunications industry leader at Deloitte East Africa, shares her views on AI adoption and the technology landscape in the region, ahead of her panel participation at the 2024 CFO East Africa Summit - Man vs Machine.

Strategy

Juma Kalutu: the operational CFO

Azam Media CFO Juma Kalutu took on his first leadership role at the age of 29. CFO East Africa recently caught up with the finance executive to find out more about his career journey and future plans.

Group CFO John Githiomi values independence and innovation

As head of finance at then KenolKobil (now Rubis Energy Kenya), John Githiomi participated in investor roadshows in different parts of the world between 2017 and 2018. It was through these engagements that the French energy conglomerate, Rubis, became interested in acquiring KenolKobil and, as John was the custodian of financial information, he found himself at the centre of the acquisition.

CFO Ash Makau details reasons to change the plan, not the goal

Ash Makau, regional CFO for Africa and Europe at Volcafe, has furthered his expertise with certificates in Sustainability for Finance and Digital Innovation for Finance, showcasing a commitment to staying at the forefront of industry trends.

Sustainability and Reporting

Diversified business model pays off for FD David Abwoga

At a recent financial results briefing, David Abwoga, the director of finance of NCBA banking group, celebrated the contribution of the banking group’s subsidiaries outside of Kenya to the group’s profit after tax.

Lawrence Kimathi explains the impact of forex fluctuations on banks

Lawrence Kimathi, the group FD of KCB, has described the banking group’s financial results for the year ended December 2023 as a mixed bag. Lawrence celebrated the growth in the balance sheet with both loans advanced and customer deposits showing marked increases. He however lamented the increase in non-performing loans (NPL) stock from Ksh 161 billion to Ksh 208 billion.

FD Yusuf Omari explains investing in automation, client-facing talent

Yusuf Omari, the finance director of Absa Bank Kenya, boasts an illustrious 20-year career in the banking sector, clearly demonstrating his deep-rooted expertise in financial management and strategic leadership. He recently unpacked the bank's full financial year results.

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