Monday, December 5Inside Business Africa
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World Bank Group Appoints New Country Director for Malawi, Tanzania, Zambia, and Zimbabwe

World Bank Group Appoints New Country Director for Malawi, Tanzania, Zambia, and Zimbabwe

Africa, Business
Mr. Belete will be based in Dar es Salaam from where he will oversee a portfolio of about $12.5 billion in total commitments for the four countries Nathan Belete The World Bank Group has appointed Nathan Belete as the new Country Director for Malawi, Tanzania, Zambia, and Zimbabwe. Mr. Belete is an Ethiopian national and a development professional with over 25 years of work experience across Africa, East Asia, and South Asia Mr. Belete is an Ethiopian national and a development professional with over 25 years of work experience across Africa, East Asia, and South Asia. He was previously the World Bank’s Country Director for Cabo Verde, The Gambia, Guinea-Bissau, Mauritania, and Senegal, based in Dakar. Mr. Belete will be based in Dar es Salaam from where he will oversee a...
Press Remarks by Governor Godwin Emefiele on Issuance of New Naira Bank notes

Press Remarks by Governor Godwin Emefiele on Issuance of New Naira Bank notes

Breaking News, Economy
Good afternoon Ladies and Gentlemen, and welcome to this special press briefing of the Bank. We have called this gathering to inform relevant stakeholders and the general public of persisting concerns we are facing with the management of our current series of banknotes, and currency in circulation, particularly those outside the banking system in Nigeria. As you all may be aware, currency management is a key function of the Central Bank of Nigeria, as enshrined in Section 2 (b) of the CBN Act 2007. Indeed, the integrity of a local legal tender, the efficiency of its supply, as well as its efficacy in the conduct of monetary policy are some of the hallmarks of a great Central Bank. In recent times, however, currency management has faced several daunting challenges that have continued...
Six Fintech Companies from Africa Emerge as Finalists in the Ecobank Fintech Challenge 2022

Six Fintech Companies from Africa Emerge as Finalists in the Ecobank Fintech Challenge 2022

Africa, Technology & Innovation
Finalists will compete for the top price of $50,000 and admission to the 'Ecobank Fintech Challenge Fellowship' program The six finalists were chosen following extremely strong competition from over 700 fintechs from 59 countries; Grand Finale to be held on 28 October at the Ecobank Group (http://www.Ecobank.com) Pan African Centre in Lomé, Togo; Finalists will compete for the top price of $50,000 and admission to the 'Ecobank Fintech Challenge Fellowship' program. Ecobank Group, the leading private pan-African banking group, has announced the six finalists for the fifth edition of the Ecobank Fintech Challenge. The finalists come from the Democratic Republic of Congo, Nigeria, Senegal, South Africa and Togo. The six fintechs stood out from a highly competitive pool of ov...
Green Energy Africa Summit announces Energy Investment Village Finalists

Green Energy Africa Summit announces Energy Investment Village Finalists

Corporate Stories, Technology & Innovation
The finalists were chosen from a field of entrepreneurs and start-ups and will have the chance to present to potential investors at a pitching event in October during the GEAS The Green Energy Africa Summit (GEAS) has announced the finalists of the Energy Investment Village, a selection of the most compelling local clean-tech projects, who will have the chance to pitch to energy leaders holding potential investments worth more than $100 billion. The Energy Investment Village is a partnership with the Saldanha Bay Innovation Campus (SBIC), an initiative of Freeport Saldanha, and advisory firm the Research Institute for Innovation and Sustainability (RIIS). The finalists were chosen from a field of entrepreneurs and start-ups and will have the chance to present to potential inv...
KPMG  South Africa’s Ignatius Sehoole appointed as Chairman of KPMG’s Africa region

KPMG South Africa’s Ignatius Sehoole appointed as Chairman of KPMG’s Africa region

Business, Corporate Stories
Prof Wiseman Nkuhlu, Chairman of KPMG in South Africa, announced that Ignatius Sehoole, the South African firm’s CEO, has been appointed as the Chairman of KPMG’s Africa region with effect from 1 October 2022 as well as a member of the KPMG Global Board. Ignatius Sehoole KPMG’s Africa region represents 54 countries in the continent within the East, West, and Southern Africa areas as well as the Francophone countries. KPMG has 21 member firms with over 6 600 colleagues and partners in Africa. “In this role, Ignatius will implement a collective approach where clients will see KPMG’s Africa firms work together to represent the continent and have the ability to serve and create consistency in the way we do business,” says Prof Wiseman Nkuhlu. Ignatius, a qualified Chartered A...
NGX Group stays committed to highest level of corporate governance

NGX Group stays committed to highest level of corporate governance

Business, Capital Market, Corporate Stories
Nigerian Exchange Group Plc (NGX Group) said it remains committed to the highest level of corporate governance with the overriding interest of maximising value for its shareholders. NGX Group noted this in its September 20 response official to media reports following the release of the Company’s notice for its upcoming annual general meeting.In the response signed by Mojisola Adeola, company secretary, the NGX Group said: “While it is the Company’s practice to refrain from commenting on frivolous and malicious rumours, we believe it is in the interest of the investing public to correct the errors/misstatements in recent media reports following the release of the Company’s notice for its upcoming annual general meeting. Note that its Audited Financial Statements for the year ended 2021 wer...
NGX Group releases dividend policy

NGX Group releases dividend policy

Business, Capital Market, Corporate Stories, Uncategorized
Nigerian Exchange Group (NGX Group) Plc has stated that it will continue to ensure that its shareholders received mouthwatering returns on their investments even as it released its dividend policy.  The policy document which was approved by the board of directors of NGX Group Plc and published on the company’s website was formulated in accordance with the Laws of the Federal Republic of Nigeria, investment and tax legislations, Codes of Corporate Governance, as well as internationally recognized best practices and principles. Nigerian Exchange Group House “NGX Group, through its Dividend Policy, seeks to guarantee shareholder rights especially as it relates to return on investment. The policy is developed to address issues relating to the determination and payment of dividen...
Africa Data Centres joins forces with Nigeria’s top internet exchange point (IXPN)

Africa Data Centres joins forces with Nigeria’s top internet exchange point (IXPN)

Africa, Corporate Stories, Technology & Innovation
IXPN collaboration facilitates reliable, secure, connected colocation and cloud migrations for local customers Africa Data Centres (www.AfricaDataCentres.com), the largest network of interconnected, carrier- and cloud-neutral data centre facilities in Africa, and part of the Cassava Technologies group, has taken a significant step forward in its widescale expansion into Africa (https://bit.ly/3DlgNb4) by joining forces with Nigeria's principle internet exchange point: IXPN (http://www.IXP.net.ng/). Africa Data Centres joins forces with Nigeria's top internet exchange point (IXPN) "IXPN is unquestionably the leading internet exchange point in Nigeria and provides Africa Data Centres with the connectivity it needs to give customers market-leading service," says Dr Angus Hay – Afric...
Jeremy Awori, Appointed by the Board of Directors as Incoming Chief Executive Officer (CEO) of Ecobank Group.

Jeremy Awori, Appointed by the Board of Directors as Incoming Chief Executive Officer (CEO) of Ecobank Group.

Business, Corporate Stories
Ade Ayeyemi, Chief Executive Officer (CEO) of Ecobank Group, to Retire Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group (www.Ecobank.com), today announced that the current Group Chief Executive Officer, Ade Ayeyemi, will retire after he attains the age of 60, in accordance with ETI policy. The Board of Directors selected Jeremy Awori to succeed Ade Ayeyemi as Group Chief Executive Officer. The relevant effective dates will be communicated in due course. Mr. Jeremy Awori, Chief Executive Officer (CEO) Ecobank Group Alain Nkontchou, Ecobank Group Chairman, thanked Ade for his immense contribution during his seven years at the helm of the Ecobank Group as Group CEO. He added that, “Ade can be rightly proud of his success in leading the implementation...
Yellow Card Surpassed 1 Million Customers Across 16 African Countries in March, after only 3 Years

Yellow Card Surpassed 1 Million Customers Across 16 African Countries in March, after only 3 Years

Corporate Stories
Pan-African cryptocurrency leader reaches a significant milestone, solidifying brand position, trust and investor confidence Yellow Card Financial ((https://YellowCard.io/)), the fastest growing cryptocurrency company on the continent, celebrates exceeding 1 million customers in only three years.  The pioneering pan-African company reached 1 million customers in March and shows no signs of slowing down. Since launching in Nigeria in 2019, Yellow Card (https://YellowCard.io/) has dedicated its efforts to providing financial inclusion and freedom for all Africans. The company expanded into four new African territories in the last year alone, increasing its total country presence to 16. John Colson, Chief Marketing Officer at Yellow Card, says this achievement no doubt strengthe...