Industries

Banking Sector

Our team keeps up with the changes and our learning curve is undeniable unique, training, and keeping tabs of the current trends, policies, and regulations helps us to make your business better. Including the massive shift created by the Fin-tech companies in the industry through the world of robotics.

Currently the industry is focusing on the low cost of operations, efficiency, customer satisfaction and reliability. We are here to help your systems, processes and policies to be in tandem with the Banking Act, Central Bank of Kenya, Companies Act, and the Finance Act of 2008 to ensure sustainability of your operations.

Insurance sector

This sector has experienced rapid growth from 2018 to 2019 in Kenya. However, major concerns still faced are risk management, slow technological adoption that is user friendly, risk profiling, capitalization, and pricing of various policies offered at large.

The sector has the potential to fully exploit other opportunities available to them upon carrying out a complete SWOT analysis. We provide solutions by developing strategies and helping you to realize them in time. Our competent team of practitioners liaise and partner with you to ensure proper filing of taxes, proper maintenance of records, and reduction of mitigations through compliance with the Insurance Act 487, Insurance Regulatory Board of Kenya regulations, and the Companies Act.

Other solutions are based on issues currently raised by clients concerning compensation raised at the jurisdiction level. We devise ways on how you can alleviate them in practice and improve implementation in the set organization’s practices and procedures.

Co-operatives societies (SACCOS)

Did you know according to the Co-operatives Act No. 12 of 1997 (amended 2004), section 60A empowers the commissioner to carry out impromptu inspections of the affairs of the society?

As per the year 2010, the total number of registered cooperative societies was 14,288 this number is expected to continue rising due to the benefits derived from such organizations. They operate in the following sectors: agriculture, transport, banking, credit, agro-processing, storage, marketing, fishing, housing among others.

Chartafai comes in handy to ensure your operations are following compliance with all the rules and regulations of practice as you accomplish the set objectives.

The challenges faced by most SACCOs includes:

Agribusiness

Agribusiness is the most dynamic business carried out in the country and heavily relied upon by most people. 70 % of the exports and 85% of the employment in the East Africa Community are attributed to it by both the young and old. In our country, it contributes to 30% of the gross domestic product (GDP).

The challenges subjected to this industry are becoming unpredictable by the day, and technology has come to play in ensuring various individuals and organizations overcome them. Our team is in tabs with the new technological advancement taking over the industry in overcoming other challenges such: as how to make use of over-harvested products in salvaging the excess.

Livestock rearing and dairy farming is also an area that we have paid close attention to as we roll our sleeves in ensuring you make most of it.

Energy, oil and gas

70% of the energy consumed in Kenya can be classified as either petroleum or electricity. In the current efforts, we have seen the government emphasizing on affordable energy to the society as a whole.

Chartafai does not only consider the two as the only source of energy available to the society, but it also pays close attention to other means sources such as biomass, gas, windmills, and solar energy.

We are keen on ensuring our clients’ compliance with the Energy Regulation Commission, the Companies Act, Kenya Revenue Authority is adhered to as they work to ensure the prices in the market are reasonable.

Our competent team carries out a 360 degrees analysis of the industry to meet the needs of the clients’. Some of the challenges faced which include: climate changes, increased insecurity, the volatility of the industry, high cost of energy investments, and development interference. Practical solutions are suggested and implemented to completion to ensure the objective is met and it’s sustainable.

Technology

This is the part of the business and daily routines that we cannot evade, all companies rely on it for its success. The top 100 best companies to the small and middle sized companies have recognized it hence the fast adoption in the operations of the business.

The more techno savvy an organization is the higher their chances of identifying and optimizing their revenues and profits in the market.

Tell us your needs and we will help you identify the opportunities that are yet to be exploited by your competent team to leverage your revenues.

We work hand in hand with other tech companies to ensure they also develop some of the best software’s customized to reduce the cost of operations, increase efficiency and customer experience for their clients not limiting development of strategies.

Choose better, choose wisely, and choose Chartafai we got you covered.

Real estate

The real estate industry has been on the rise since the early 2000s and if you are looking for the best man to work hand in hand with you, you are at the right place.

The Kenya Revenue Authority expects the rental income to fail on 20th of next month. Failure to comply attracts a penalty of 2,000 or 5% of the tax whichever is higher. An extra penalty on payment of 5% of the tax due and a late payment interest of 1% per month till it is paid.

Chartafai ensures this is avoided and you are sheltered from the penalties subjected by carrying out bookkeeping, monthly filing of rental income, filing of yearly returns by working closely with agents and managers of the properties. We also carry out both internal and external audits of the various agents assigned with the bookkeeping tasks.

Health Care

More private clinics and hospitals have become dominant in our country hence calls for better services and stiff competition among the industry players. Our clients in this sector have enjoyed a variety of services that we have offered them with which has made them reduce a substantial amount of operating costs through our services.

Our clients enjoy enhanced efficiency by getting more time to concentrate on the core business by outsourcing services from us and an improved internal control system in place.

Construction and Engineering

We work closely with the profit and non-profit making organizations in the various projects that require competent counsel when it comes to project evaluation, project management, and also proper books of accounts needed to be maintained. We ensure they meet the standards subjected by the Engineering Boards of Kenya, the local government authorities to mitigate losses and reduce risks ensuring quality is delivered. This also enables you to make improved decisions, develop strategies that make you outstanding in your area of expertise, and client satisfaction in your execution.

Look no further, you are at the right place.

Nonprofit making organizations

We provide our services to the nonprofit making organizations (civil society organizations) despite its domicile including faith based.

Our audits are guided by the International Financial Reporting Standards (IFRS) when issuing reports and maintain accuracy of recording of transactions for outsourced services. The other services provided by the firm includes;

Designing, implementation and maintaining suitable internal controls.

Carry out the audits of projects and advice to ensure successful execution and completion of the same.

Provide advice on the various grants availed to the firm and audit their management

Audits of governance
Risk assessment analysis and risk management services
Evaluation of appropriate and suitable accounting policies to be implemented
Development of strategies and policies for mobilization of resources
Designing budget monitoring policies that best suit the organization

Financial and other service industries