Kenya: Safaricom hosts an investor day for its Ethiopian business in Addis Ababa

Posted by - February 23, 2024

Safaricom has hosted its second Investor Day in Addis Ababa, offering investors insights into the company’s accomplishments, future strategies, and the progress made in Safaricom Ethiopia. The theme “Scaling Operations for Ethiopia‚Äôs Digital Future,” the investor day convened 150 participants including analysts, regulators, government representatives, Safaricom PLC Kenya and Ethiopia board members, and senior management.

Kenya: Autopax, Kofa sign deal for electric mobility expansion

Posted by - February 23, 2024

Autopax, a Kenyan carmaker, and Ghanaian battery company Kofa have partnered to establish an electric motorcycle assembly and distribution plant. Ratified during the Africa Tech Summit in Nairobi, the groundbreaking collaboration entails Autopax establishing an assembly line and distribution outlets throughout the region, while Kofa will deploy its battery swap network to facilitate electric mobility.

Kenya: KenGen to drill geothermal wells in Tanzania

Posted by - February 21, 2024

KenGen, a listed electricity generating company, is set to finalize a contract to drill three exploratory wells in Tanzania, as the neighboring country endeavors to harness geothermal energy. KenGen Managing Director and Chief Executive Peter Njenga says within the next one month, the company should have kicked off operations in Tanzania, a move aimed at

Nigeria: NiMet, NIM collaborate on staff training

Posted by - February 21, 2024

The Nigerian Meteorological Agency (NiMet) and the Nigerian Institute of Management (NIM) have partnered to enhance the capacity of NiMet employees. The Chief Executive Officer of NiMet, Charles Anosike, and the President of NIM, Christiana Atako, recently convened a discussion on this matter in Abuja, as per a release from the agency. The NIM boss

Qatar: QFC Employment Standards Office Advances ESG and Just Transition in Strategic Dialogue

Posted by - February 20, 2024

The Employment Standards Office (ESO) of the Qatar Financial Centre (QFC), a prominent onshore financial and business center in the region, organized a Strategic Dialogue with the theme “The Importance of Just Transition and Investment in Human Capital to Promote Equality and Inclusivity of Labor Practice.” In collaboration with Gulf Sustain, a program backed by

Kenya: NSE appoints Frank Mwiti as new CEO

Posted by - February 20, 2024

Frank Mwiti, Eastern Africa Markets Lead & Partner at Ernst & Young, will assume the role of Chief Executive Officer (CEO) at the Nairobi Securities Exchange (NSE), succeeding Geoffrey Odundo. Odundo’s nine-year term will conclude on March 1, 2024. Prior to joining Ernst & Young, Mwiti has held positions at PwC, EY-Parthenon, Deutsche Bank, and

Nigeria: NIRSAL PLC Management Team Pays Courtesy Visit to TajBank

Posted by - February 19, 2024

The Chief Executive Officer (CEO) of NIRSAL PLC, Abbas Umar Masanawa, OON, together with his team visited TAJBank to explore leveraging de-risked Sharia-compliant financing instruments for enhancing agricultural productivity in rural Nigeria. On NIRSAL’s official twitter account, it emphasized that it remains committed to attracting a diverse range of private sector investors to participate in

Nigeria: CashBox marks five years, focuses on expanding beyond Lagos

Posted by - February 19, 2024

CashBox, an innovative digital savings platform, has reached a significant milestone by celebrating its fifth anniversary. Over the past five years, CashBox has empowered and encouraged thousands of Nigerians to cultivate a healthy savings habit. Through its user-friendly digital platform, CashBox has successfully helped more than 500,000 customers save billions of naira, fostering financial security

Global: Arnergy, a prominent distributed renewable energy provider, completes $US 3 million bridge round

Posted by - February 16, 2024

Arnergy, supported by Bill Gates and a leading provider of distributed renewable energy solutions, has secured a $3 million bridge round, with investment from Series A investor All On. This funding positions Arnergy to address the growing demand-supply gap for solar systems in Nigeria. Amidst the removal of fuel subsidies, rising diesel prices, and challenging

Kenya: FSD Africa, African Guarantee Fund sign financing deal for green SMEs

Posted by - February 15, 2024

Kenyan Small and Medium-sized Enterprises (SMEs) leading the green transition stand to benefit from a partnership between development agency FSD Africa and financing promoter African Guarantee Fund (AGF). The agreement aims to offer essential financial support, technical assistance, and capacity building to green SMEs across Africa, facilitating their growth and development. The agreement establishes a