Adili Pulse: Fifth Edition
Adili Group
Africa's leading advisory group offering Corporate Services,Risk Advisory,Cyber Security, Strategy, Business Outsourcing
Editor's Pick
It is a pleasure to share with you, this December, the Adili Pulse, our quarterly newsletter. We have curated a collection of articles and news pieces that offer valuable insights into the business landscape of Africa, with a particular focus on developments in Kenya, Tanzania, Uganda, and Rwanda.
Adili Group (Adili) provides seamless, practical, business-focused services to clients across the East African region. With over 150 years of combined experience, Adili embodies values of knowledge, agility, efficiency, diligence, and pan-African experience to ensure that our clients receive the best solutions as we walk with them on all stages of their business lifecycles.
In line with the ever-changing world, we are constantly evolving, and this newsletter serves as a testament to our commitment to keeping you informed. Here is a glimpse of what you can expect from the Adili Pulse:
The Adili Pulse reflects our solution-focused vision and as we share this with you, we hope you find it an informative and insightful read.
Our Insights
2024 Business Outlook: Anticipated trends for the coming year
The world economy is gradually bouncing back from the aftermath of the pandemic, grappling with the challenges presented by Russia's invasion of Ukraine, the war between Israel and Gaza and the escalating cost of living. Regardless of the disruptions brought about by the conflict and the measures implemented to counter historically high inflation, the global economy has slowed down, but it has not come to a complete halt. As we enter into the new year 2024, the business landscape is expected to undergo significant changes and challenges. In this article, we will explore anticipated trends and expectations for the upcoming year and discuss how businesses can prepare for the evolving environment.
A significant concern in the African region, centres on the financial strain caused by extensive debt and a considerable repayment burden, which is expected to affect many African countries in 2024. Despite these challenges, research conducted by the Economist Group suggests that Africa is projected to rank among the fastest-growing major regions in 2024, with most countries expected to witness an acceleration in economic growth compared to 2023...Read more
In the News
Read our top picks of East African updates from the business and investment worlds.
African Development Bank (AfDB) kicks off the creation of four green banks in Africa
The AfDB is spearheading the creation of four green banks across Africa as part of the African Green Bank Initiative. The goal of this initiative is to mobilize up to $1.5 billion by 2030 for green financing, in response to the insufficient availability of climate finance observed at successive UN Conference of the Parties (COP) meetings on the climate crisis...Read more
COP28: Why Africa must take a bold stance on loss, adaptation
Africa is facing climate-related catastrophes that are causing irreversible losses and damages. Urgent action is required to tackle adaptation, loss and damage. The Paris Agreement highlights the importance of conducting adaptation initiatives alongside emission reduction efforts... Read more
EAC
Somalia officially admitted into the East African Community (EAC)
Somalia has been granted admission to the East African Community as its eighth member. The approval was given during the 23rd ordinary summit of the heads of state held in Arusha, Tanzania. Mogadishu's entrance into the bloc was made possible after nearly a year of successful negotiations. This comes over a year after the Democratic Republic of Congo was admitted into the regional bloc...Read more
Kenya
Airbus picks Kenya for first drone hub
Airbus, the European aerospace giant, has chosen Kenya as the location for its first earth station dedicated to high-altitude communication drones.
The operational hub of Airbus subsidiary AALTO, responsible for the development of the solar-powered Zephyr High Altitude Platform Station (Zephyr HAPS), is set to be established in Laikipia County early next year, subject to regulatory approvals in Kenya...Read more
Kenya to engage Uganda on setting up a dry port in Kampala
The Kenya Ports Authority (KPA) is planning to collaborate with the government of Uganda to establish an inland port in Uganda. This joint venture aims to reduce transportation costs from Mombasa to Kampala by shortening the distance...Read more
Tanzania
领英推荐
Tanzania to Increase Investment in Priority Sectors: Education, Health, and Agriculture
Tanzania plans to increase investment in key sectors like education, health, and agriculture to promote sustainable economic growth and reduce poverty, according to the President of Zanzibar, Hon. Dr. Hussein Ali Mwinyi...Read more
Tanzania’s President Signs Universal Health Insurance Bill into Law
President Dr. Samia Suluhu Hassan of Tanzania has signed the Universal Health Insurance Bill into law. The aim of the landmark legislation is to improve healthcare accessibility for all Tanzanians, particularly those from lower-income brackets...Read more
Tanzania to boost fuel storage capacity, aiming for stability and savings
Tanzania is preparing for a substantial increase in its petroleum product storage facilities to cater to the rising demand for fuel. The country aims to ensure fuel security despite the volatile global prices...Read more
Uganda
Uganda targets to earn $700m from birding by 2030
Uganda aims to generate $700 million annually from birding by the year 2030. This will be done by taking advantage of its rich bird species diversity. Uganda has more than 1,100 bird species, which accounts for about 11% of the world's total bird population, and more than 50% of Africa's bird population...Read more
Rwanda
Rwanda secures $250 million from the African Development Bank to improve access to water and sanitation
The African Development Bank Group's Board of Directors has granted loans worth almost USD 250 million to Rwanda in Abidjan. The loans will be used to improve the community's access to water and sanitation services, while also enhancing the management of water resources and the operational efficiency of water and sanitation service providers in the designated regions...Read more
In Pictures
Celebrating our people
Adili celebrated and honoured the retirement of Nalin bhai Kothari, Partner at Adili Corporate Services, marking the end of an era of exceptional service after many years in private practice. Nalin bhai leaves behind a legacy of unparalleled expertise in company law and company secretarial practice in Kenya. He is a founder member of the Institute of Certified Public Secretaries of Kenya council and played a pivotal role as one of the first members of the Registration Board of Certified Public Secretaries...Read more
Angela Namwakira appointment as East African Breweries PLC Company Secretary
Our Partner Angela Namwakira was recently appointed as East African Breweries PLC Company Secretary. Angela has extensive experience in corporate secretarial and governance advisory work, including advising boards on corporate governance and related issues. She is also involved in the administration of board and annual general meetings...Read more
Adili event in Tanzania: Risk and compliance resilience
Adili Group in partnership with ALN Tanzania co-hosted a networking session under the theme 'Navigating the Future: Risk and Compliance Resilience'. The event brought together business leaders and decision makers to discuss the current risk and compliance issues affecting businesses in Tanzania as well as examine solutions that build resilience...Read more
CFO East Africa Community forum
We were proud to witness the launch of the CFO East Africa community held at the Villa Rosa Kempinski Hotel in Nairobi. Adili Group, a key sponsor, was represented by Shital Shah, Group CEO and Issa Juma, Senior Manager Outsourcing services. The gathering saw insightful deliberations on crucial finance themes, from technology integration to leadership strategies, succession planning, and ESG practices...Read more
Adili in partnership with the French Chamber of Commerce Kenya
Adili Group in partnership with the French Chamber of Commerce Kenya hosted business leaders to discuss risk management strategies for businesses. Willie Oelofse, Director Adili Risk Advisory and Mbabu Muturi, Head of Cyber Security delved into the current risk landscape, offering valuable insights and practical strategies that businesses should consider when building systems to safeguard against risk...Read more
Wishing you a season of joy, a time of hope and a new year of prosperity. Happy Holidays!