Adili Pulse: Eighth Edition
Adili Group
Africa's leading advisory group offering Corporate Services,Risk Advisory,Cyber Security, Strategy, Business Outsourcing
We are delighted to present to you the October edition of the Adili Pulse, our quarterly newsletter. Within these pages, you will find a carefully curated selection of articles and news pieces offering invaluable insights into the dynamic business landscape of East Africa, with a particular emphasis on developments in Kenya, Uganda, Rwanda, and Tanzania.?
Adili Group (Adili) is dedicated to providing seamless, practical, business-focused services to clients across the East African region. With a wealth of over 150 years of combined experience, Adili embodies core values such as knowledge, agility, efficiency, diligence, and pan-African expertise, ensuring that our clients receive optimal solutions as we support them through every stage of their business journeys.
In an ever-evolving world, we continually adapt, and this newsletter serves as a testament to our commitment to keeping you well-informed. Here's a glimpse of what you can expect from the Adili Pulse:
In this quarter’s edition, we explore the theme of building resilient boards, with a focus on diversity, sustainability, and future-ready governance. We also feature key developments, including Mombasa port’s reception of its first LNG-powered ship, Tanzania’s leadership in Africa’s tourism sector recovery, the prioritization of oil and gas development in the 2025/26 (insert country name)budget, and Rwanda’s entry into regional stock exchanges through data vending as trading income declines. Additionally, we highlight significant milestones for Adili Group. These include Chris Diaz’s advocacy for the private sector's role in accelerating Africa’s growth at UNGA, celebrating our people, the CFO of the Future Summit, efforts to strengthen regional business in Tanzania and Uganda, and our event on building resilient family businesses focusing on succession, governance, and risk.
The Adili Pulse embodies our vision of offering solution-focused insights. As we share this edition with you, we trust it will serve as an informative and enlightening read.
Our Insights
Building Resilient Boards: Diversity, Sustainability, and Future-Ready Governance
by Chris Diaz, Executive Chairman Adili Group
In today’s complex business environment, effective governance is no longer about simply overseeing management or ensuring compliance. Boards must embrace diverse skills, prioritize sustainability, and prepare for future risks. This new approach to governance is crucial for navigating digital transformation, managing environmental challenges, and fostering long-term success...Read more
In the News
Read our top picks of East African updates from the business and investment worlds.
Kenya
Mombasa Port receives its first LNG-powered ship
The Mombasa port recently welcomed its first-ever liquefied natural gas (LNG)-powered tanker, marking a significant step in its commitment to green emissions and aligning with the International Convention for the Prevention of Pollution from Ships (MARPOL). The vessel, MV Arctic Tern, sailing under the Singaporean flag, delivered a consignment of palm oil from Malaysia to Mombasa...Read more
Value of coffee sold up on higher volumes, prices
The value of coffee sold at Nairobi’s weekly auction surged by 47.2% to Sh19.08 billion in the first half of the year, driven by increased volumes and higher prices, according to newly released data. The Kenya National Bureau of Statistics (KNBS) reported that coffee farmers sold 29,312 metric tonnes of beans between January and June, a notable 40.3% increase compared to 20,891.35 metric tonnes during the same period last year...Read more
State extends window for raw macadamia exports
The government has extended the export window for raw macadamia by an additional six months, providing much-needed relief to farmers who were facing a challenging period. This extension follows lobbying efforts led by Senate Agriculture Committee Chairman James Murango, as the initial export period was set to expire on November 2, 2024...Read more
Tanzania
Tanzania leads Africa in the recovery of the tourism sector?Tanzania, Cabo Verde, Morocco, and Kenya have distinguished themselves as the top performers in tourism arrivals, experiencing remarkable growth in the first seven months of 2024, according to data from the United Nations World Tourism Organization (UNWTO)...Read more
Tanzania investment value increases by 60 per cent to $1.61bn
The value of investment projects in Tanzania has increased by over sixty per cent to $1.61 billion in the quarter ending June 2024, according to the Tanzania Investment Centre (TIC). The latest quarterly report attributes this capital growth to increased investor interest, with 198 new projects registered during the period. In comparison, the same quarter last year saw the registration of 129 projects valued at $1 billion...Read more
Tanzanian regulator to open SMEs’ access to venture capital funding
The Capital Markets and Securities Authority (CMSA) is working on new regulations aimed at improving access to venture capital and private equity funding for small and medium-sized enterprises (SMEs)...Read more
Uganda
Light at the end of the tunnel: Karuma power plant goes live after 11 years
After 11 years of construction, Uganda’s flagship hydropower project, Karuma, was officially recently commissioned, marking the conclusion of a challenging journey filled with technical issues, disputes between the government and the contractor, and various non-engineering obstacles...Read more
Focus on oil and gas development will be a key priority in the 2025/26 Budget
The Ministry of Finance has outlined key budget priorities for the 2025/26 financial year, focusing on agro-industrialization, tourism development, minerals-based industries—particularly oil and gas—and advancements in science, technology, and innovation...Read more
领英推荐
Rwanda
Rwanda joins regional stock exchanges in data vending as trading income falters
East African stock markets are turning to data vending as a new revenue stream to offset declining trading income caused by weakened equity market performances across the region. The Rwanda Stock Exchange (RSE) is the latest to venture into this business, following the lead of exchanges in Kenya, Uganda, and Tanzania, which have already adopted data vending to boost their earnings and deliver better returns to shareholders amidst dwindling share trading activity and a drop in rights issues and initial public offerings (IPOs)...Read more
AfCFTA: Rwanda dispatches first mixed agricultural consignment to Ghana
On September 25, Rwanda, in collaboration with its partners, dispatched its first consolidated shipment of agricultural products to Ghana, as part of the country’s efforts to diversify exports under the African Continental Free Trade Area (AfCFTA) agreement. According to industry sources, this marks a significant step in expanding Rwanda's trade footprint...Read more
Capital Market Authority introduces new corporate governance rules, incorporates ESG components
On Wednesday, September 11, the Rwanda Capital Markets Authority (CMA) unveiled a new Corporate Governance Code that integrates environmental, social, and governance (ESG) principles. While still awaiting formal approval, this updated code builds on the foundation of the Capital Market Governance Code introduced in 2012. During the launch event, CMA CEO Thapelo Tsheole emphasized that the new governance framework is key to bolstering investor confidence, as Rwanda's capital market competes for investment in a landscape where investors have numerous options. The code will be mandatory for all listed companies and issuers...Read more
In Pictures
Chris Diaz Champions Private Sector's Role in Accelerating Africa’s Growth at UNGA
Chris Diaz, Executive Chairman of Adili Group, attended the 79th session of the United Nations General Assembly (UNGA) at the UN headquarters, where he joins global leaders from the private sector to champion transformative investments that will strengthen Africa’s private sector, create jobs, and enhance key industries. His participation in key forums such as the U.S.-Kenya Business and Investment Roundtable, the CEO Roundtable on Africa’s Growth, and the Private Sector Forum underscores Adili Group's commitment to driving transformative change across Africa...Read more
CFO of the Future Summit
We are proud to have been one of the sponsors of the highly anticipated CFO of the Future Summit. This prestigious event, held at the Villa Rosa Kempinski in Nairobi, brought together over 100 CFOs from across East Africa to discuss the evolving role of finance executives in today’s dynamic business environment. The Adili team was well-represented by Issa Juma, Senior Manager, Adili Outsourcing Services...Read more
Enhancing Regional Growth: Adili Executive Chairman’s Visits Tanzania
Tanzania holds a strategic position in East Africa, acting as a primary gateway to emerging markets and facilitating trade within Africa. With its stable economy and favourable location along the Indian Ocean, Tanzania is a favourable region for businesses seeking to expand to East Africa.
During his recent visit, our Executive Chairman, Chris Diaz EBS, met with the Adili Tanzania team and engaged with our valued clients. This visit provided valuable insight into how our tailored solutions are driving success across various industries and offered the opportunity to explore new prospects for businesses seeking to expand into this dynamic market. His visit underscores our commitment to delivering exceptional business solutions and highlights our dedication to supporting both our current clients and future partners in navigating and thriving in the Tanzanian market...Read more
Enhancing Regional Growth: Adili Executive Chairman and Partners Visit Uganda
Adili Uganda presents promising opportunities with its growing economy, strategic location, and vibrant market, making it a key player in the greater East African region. Our team, led by Chris Diaz EBS, Executive Chairman, Conrad Nyukuri, Managing Partner of Adili Corporate Services, and Jeremy Muyela, Director of Adili Risk Advisory Services, recently visited our Uganda office and engaged with clients and prospects in the market...Read more
Event on Building Resilient Family Businesses focusing on Succession, Governance, and Risk
Adili Group recently hosted an insightful family business event that addressed succession planning, governance, leadership talent, and risk management. The event opened with remarks from Chris Diaz EBS and featured a keynote speech by Frank Mwiti, CEO of Nairobi Securities Exchange PLC, who underscored the importance of strategic leadership, diversification of investments, and ensuring business continuity...Read more
Celebrating Our People?
We are thrilled to announce that Nikita Bernardi has joined Adili Group as the Director of Crisis PR within our Adili Risk Advisory services. With a wealth of experience in strategic communications, crisis management, and stakeholder engagement, Nikita will play a crucial role in elevating Adili’s profile and enhancing our client offerings...Read more
Please join us in congratulating CS Emily Onyango, the first Kenyan winner of the 2024 Richard Turton Global Award.?We are incredibly proud of Emily and wish her the very best in her continued success...Read more