Adili Pulse: Sixth Edition
Adili Group
Africa's leading advisory group offering Corporate Services,Risk Advisory,Cyber Security, Strategy, Business Outsourcing
Editor's Pick
We are delighted to present to you the April 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 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 delve into the dual nature of technology: exploring the opportunities it unveils and the challenges it presents in East Africa. Additionally, we spotlight stories such as Kenya's emergence as Africa's top destination for startup funding, Tanzania's aspirations for a unified African air transport market, Uganda's efforts to meet EU coffee export standards, and Rwanda's landmark issuance of a green bond, signalling market development. We also highlight key Adili developments, including Celebrating our People, the "Building Cyber Resilience: The Path to East Africa's Digital Future" event, the 13th Annual Directors and Company Secretaries Conference, and the CFO East Africa Man vs Machine Summit.
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
The Double-Edged Sword of Technology: Unveiling Opportunities and Addressing Challenges in East Africa
The digital revolution is reshaping global business landscapes, and Africa stands at the forefront of this transformation. Across the continent, technological advancements have revolutionized lifestyles, professions, and social interactions. In East Africa particularly, digital tools have accelerated transactions, enhanced communication, and facilitated seamless connectivity. From leveraging platforms like M-Pesa for transactions to utilizing tools such as Zoom for cross-continental operations, businesses are embracing innovation to reach consumers effectively.
However, amidst this wave of progress, East Africa and the rest of Africa grapple with persistent challenges. This article explores the transformative impact of technology, focusing on recent disruptions and strategies for companies in East Africa to navigate this dynamic digital landscape effectively...Read more
In the News
Read our top picks of East African updates from the business and investment worlds.
Kenya
Kenya is Africa’s start-up funding top destination
Kenya has become the top destination for start-up funding in Africa, surpassing Nigeria and Egypt. In 2023, 62 Kenyan start-ups raised approximately $673.78 million from both local and international investors, which is a 17% increase from the $574.8 million raised in 2022. This achievement is in contrast to the decline in funding observed across the rest of the continent, as reported by the start-up research organization, Disrupt Africa. Nigeria and Egypt, which were previously dominant in African start-up funding, experienced a decrease in 2023 due to global economic challenges impacting investment trends worldwide...Read more
Kenya and Tanzania partner to fight counterfeits
The East African region, led by Kenya and Tanzania, is making strides towards establishing a common standard for goods across the bloc, as part of the ongoing fight against counterfeiting. This initiative comes after a previous endeavour with the 2011 Anti-Counterfeiting Bill collapsed at the East African Legislative Assembly, resulting in the region operating under the East African Customs Act on Anti-counterfeit regulations...Read more
Tanzania
UK Injects $7.7 Million to Boost Zambia-Tanzania Trade Route Upgrade
The Government of Zambia and TradeMark Africa (TMA) have forged a Partner Support Agreement (PSA) aimed at enhancing the Nakonde One Stop Border Post, which serves as a critical trade route between Zambia and Tanzania. This project, funded by the UK government to the tune of $7.7 million (ZMK 197 million), is poised to facilitate the movement of goods and people along the Dar es Salaam Corridor, with a commitment to streamline operations and slash cargo clearance times by over 100 per cent on both sides of the border...Read more
Tanzania eyes single African air transport market
Tanzania has revealed intentions to become a part of the Single African Air Transport Market (SAATM), which would provide significant opportunities for the country's air transportation industry to boost its revenue streams...Read more
Uganda
Foreign Direct Investments (FDI) remain stable due to oil-related investments.
The Bank of Uganda has reported that Foreign Direct Investments (FDI) amounted to $2.9 billion in the twelve months leading up to January 2024, a figure nearly identical to that of the corresponding period in 2023. The bank attributes the stability to investments in the oil sector, although it suggests that these may have reached their peak, explaining the lack of change...Read more
领英推荐
Uganda moves to fulfil EU coffee export conditions
Uganda, represented by the Uganda Coffee Development Authority (UCDA), has announced the implementation of measures aimed at ensuring that coffee supply chains are free from products that contribute to deforestation, in anticipation of the January 1, 2025 deadline...Read more
Rwanda
Rwanda set for new $165 million IMF funding
The International Monetary Fund has approved an additional $165.5 million in funding for Rwanda following a two-week mission to the country. Under the newly allocated funding, Rwanda will receive approximately $76.6 million through the Resilience and Sustainability Facility (RSF) and $88.9 million through the Standby Credit Facility (SCF)...Read more
Rwanda’s inaugural Green Bond signals market development
Prime Energy, a local hydropower company, has announced the issuance of Rwanda's first-ever Green Bond valued at Rwf9.5 billion following the approval from the Capital Market Authority (CMA)...Read more
In Pictures
Celebrating Our People
Our team, in collaboration with ALN Kenya | Anjarwalla & Khanna successfully summited to the Lenana peak. This was an incredible feat, as they tested their limits and strengthened their bonds as a team...Read more
Please join us in congratulating Stanley Kabui who was admitted as an Advocate of the High Court of Kenya on Friday, 8th March 2024...Read more
We recently came together to celebrate and pay tribute to Mary Muluka as she embarks on a well-deserved retirement. Mary has played a pivotal role in shaping our team culture, leaving an indelible mark on Adili that will be felt for years to come...Read more
Building Cyber Resilience – the path to East Africa’s digital future Event
In collaboration with Yelbridges, Advantage Austria Nairobi and ALN Kenya | Anjarwalla & Khanna, we hosted our clients and partners to a joint event themed “Building Cyber Resilience – the path to East Africa’s digital future.”
His Excellency the Austrian Ambassador to Kenya, Dr. Christian Fellner opened the session after which we had presentations by Martin Eizner of Yelbridges, and Mbabu Muturi of Adili Group...Read more
13th Annual Directors and Company Secretaries Conference hosted by the Chartered Governance Institute UK & Ireland (ICSA Uganda-East African Region) in collaboration with KPMG Uganda
Adili Group's Uganda team, represented by Winfred Karungi and Nakibuule Mariam, attended the 13th Annual Directors and Company Secretaries Conference. The full-day conference is hosted by The Chartered Governance Institute UK & Ireland (ICSA Uganda-East African Region) in collaboration with KPMG Uganda...Read more
CFO East Africa Man vs Machine Summit
Shital Shah, Adili Group CEO, and Issa Juma, Senior Manager, Adili Outsourcing, attended the CFO East Africa Man vs Machine Summit, held at the Movenpick Hotel in Nairobi. The summit brought together close to 100 CFOs from across East Africa to discuss the latest trends and challenges in the field of technology, especially the rise of Generative Artificial Intelligence (GenAI)...Read more