Our Portfolio
Results That Speak for Themselves
The following case studies are anonymized to protect client confidentiality. They represent real engagements and the measurable outcomes we delivered across industries and service areas.
Financial Services
Strengthening Internal Controls for a Regional Bank
Challenge
A Nairobi-based bank was facing repeated audit qualifications due to weak internal control processes and inadequate segregation of duties across its branch network.
Our Approach
Pewmu Associates conducted a comprehensive internal audit, redesigned the control framework, implemented a risk-based audit methodology, and trained finance staff across 12 branch locations.
Key Results
- Zero audit qualifications in the subsequent two reporting periods
- Fraud exposure reduced by 40% within 12 months
- Regulatory compliance rating improved from "Adequate" to "Strong"
Manufacturing
KRA Dispute Resolution & Tax Restructuring
Challenge
A mid-sized manufacturing firm received a KRA assessment for KES 38 million in alleged underpaid taxes, threatening its cash flow and operations.
Our Approach
Our tax team conducted a thorough review of the assessment, gathered supporting documentation, and filed a formal objection. We simultaneously restructured the company's tax positions to improve future compliance.
Key Results
- KRA assessment reduced by 78% to KES 8.3 million
- Annual corporate tax liability reduced by KES 4.2 million going forward
- Full compliance with revised KRA requirements achieved
Retail & FMCG
Turnaround Strategy for a Struggling Retail Chain
Challenge
A regional retail chain with 8 outlets was experiencing declining margins, poor inventory management, and a loss-making position for two consecutive years.
Our Approach
We delivered a comprehensive business review covering unit economics, inventory optimization, supplier renegotiations, and a store-by-store profitability analysis with a 24-month turnaround roadmap.
Key Results
- Gross margin improved by 6.5 percentage points within 18 months
- Operational costs reduced by 15% through process optimization
- Company returned to profitability in the second year of the programme
Technology
Cross-Border Acquisition Due Diligence
Challenge
A Kenyan technology company was evaluating the acquisition of a Tanzanian software firm. The deal timeline was tight, and the buyer had limited visibility into the target's financial health.
Our Approach
Pewmu Associates performed full financial due diligence over a compressed 3-week timeline, including analysis of historical financials, customer contracts, deferred revenue, and contingent liabilities.
Key Results
- Identified KES 12 million in undisclosed liabilities, enabling price renegotiation
- Transaction successfully completed at 11% below initial asking price
- Post-acquisition integration plan developed and executed without disruption
NGO / Development Sector
Governance Overhaul for an International NGO
Challenge
An international NGO operating in Kenya faced donor scrutiny following governance failures and inconsistent financial reporting that threatened continued funding.
Our Approach
We redesigned the governance framework, implemented board accountability structures, introduced financial management policies, and conducted capacity-building workshops for leadership and finance staff.
Key Results
- Donor confidence fully restored — funding renewed for 3-year cycle
- Financial reporting accuracy improved by 95%
- Board effectiveness score improved from 42% to 89% in annual review
Real Estate
Investment Feasibility Model for a Mixed-Use Development
Challenge
A real estate developer needed a robust financial model to secure KES 850 million in project financing from a consortium of lenders for a mixed-use development project in Westlands, Nairobi.
Our Approach
We built a comprehensive financial model including revenue projections by unit type, construction cost phasing, debt servicing schedules, sensitivity analysis, and an investor returns dashboard.
Key Results
- Project financing secured within 6 weeks of model delivery
- Model identified optimal debt/equity ratio saving KES 18 million in financing costs
- Adopted by the developer as their standard template for future projects
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