Editor's pick
Adili Group
Africa's leading advisory group offering Corporate Services,Risk Advisory,Cyber Security, Strategy, Business Outsourcing
It is a pleasure to share with you, this March, the Adili Pulse, our quarterly newsletter. You will find?an insightful thought leadership piece, trending business news focusing on developments in Africa, and an interview by our CEO, Shital Shah.
Adili Group (Adili) provides seamless, practical, business-focused services to clients across the East African region. With over 100 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.
As the world is changing fast, we are also evolving. With our newsletter, you can expect the following:
For this quarter, we?discuss?managing risk in family-owned businesses?and?highlight some top stories in Africa and important key Adili developments. We also highlight an?interview piece by our CEO.
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?
Managing risk in family-owned businesses
A small outfit with humble beginnings often comes to mind when one thinks of family-owned businesses. The reality, however, is that family-owned businesses claim a significant share of the global economy, and they dominate the business landscape across both developed and developing markets. They are major contributors to both employment and gross domestic product, accounting for over 50% of both of these in many markets, and range from micro-enterprises to some of the largest listed companies in the world. They are said to be the second-biggest employers globally, next to governments...Read more
IN THE NEWS
Digital Service Tax | The Privatisation Bill | A spaceport in Djibouti |?Nigerian president's new currency directives |?ChatGPT?
Read our top picks of African updates from the business and investment worlds.
East Africa member states to start digital service tax
During the 50th East Africa Revenue Commissioners-General meeting, held at Serena Hotel Kigo, Wakiso District, it was decided that other member states would adopt Kenya's tax system to increase revenue collection. The tax administrators agreed to harmonise tax administration and data systems in the region with a special focus on technology in "tax management for today and the future" to improve efficiency and grow revenue...Read more
The Privatisation Bill?
The proposed Privatisation Bill aims to speed up the sale of government assets by allowing the Treasury to bypass parliamentary approval for the sale of State-owned firms. The government plans to sell several State-owned firms through the Nairobi Securities Exchange this year via initial public offerings (IPOs). President William Ruto has urged the private sector to list at least five companies to boost the Nairobi bourse...Read more
Africa to get a new USD 1 billion spaceport in Djibouti
The spaceport, expected to include seven satellite launch pads and three rocket testing pads, will be the first orbital spaceport on African soil...Read more
Takeaways from the Nigerian president's new currency directives
In December 2022, the Central Bank of Nigeria (CBN) revealed a new design for the N100, N200, N500, and N1000 Naira notes and announced that the old notes of these denominations would no longer be considered legal tender after January 31, 2023. Nevertheless, due to a shortage of new notes, the CBN extended the deadline to February 10, 2023...Read more
ChatGPT is testing a paid version — here is what that means for free users
The company has hinted at plans to monetise the AI bot by introducing a subscription option dubbed "ChatGPT Professional" that would offer better access. This move is a common framework done by new tech companies who gauge their clients by introducing a cheaper or free version first to attract them and gauge adoption...Read more
In Pictures
Leading with purpose: Shital Shah
The Adili Group recently underwent a transformative brand refresh, to reflect its position as a leading pan-African corporate consultancy, offering specialist and legal support to businesses; at any stage of their life cycle. This rebrand set the pace for the company to expand to new territories, whilst the group continues to cement its existing presence within East Africa.?
Our Group’s Chief Executive Officer, Shital Shah, spoke about the Adili Group legacy, drawing insights from its 12 years of existence, as well as its ambitious expansion plans. A few highlights from the conversation:
Q. Can you tell us a bit about the Adili Group and its history? How did the company get started, and what have been some of its major milestones over the years?
SS: Adili Group started in 2010 as Chunga Associates, providing company secretarial services for businesses operating in or expanding to Kenya. In 2011, it merged with another established company in the secretarial business, Specialists Consultants. This merger facilitated the growth of its client base and services, leading to a regional expansion into Tanzania in 2017. In 2019, the firm was rebranded ‘Adili’ following another successful acquisition, and the opening of our Ugandan office. We have plans to enter Rwanda in the coming year and are evaluating opportunities in other African markets...Read more?
BCCK recognition
Adili was once again recognised by the British Chamber of Commerce Kenya (BCCK) in their 2023 Business Integrity Index. The index features companies in Kenya that have demonstrated a strong commitment to business integrity in their practices and have successfully met the rigorous standards of the BCCK’s principles-based integrity framework...Read more
Adili events
On March 7, 2023, we invited family business owners to an event focused on risk advisory. Led by our CEO, Shital Shah, and Head of Risk Advisory, Willie Oelofse, we discussed the importance of setting up and operationalising a risk management framework for family-owned businesses...Read more