Ogilvy Africa on Thursday announced the appointment of Anne Ngatia as the new leader for its newly created strategic initiatives office to drive its growth agenda. She is also the Deputy Managing Partner at Ogilvy Africa. Through the unit, Ogilvy Africa aims to create growth platforms for its clients and people, furthering the firm’s position as a market leader in the sub-Saharan-Africa region. “For our business, this role will be instrumental in creating growth engines for the agency through portfolio expansion, product innovation and partnerships. This is an exciting time for Africa, and Ogilvy Africa as we evolve a connected…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
The Central Bank of Kenya (CBK) has announced the resumption of charges for transactions above Ksh 100 effected through bank-specific (in-house) mobile money wallets that are closely linked to the Savings and Credit Societies (SACCO) sector. The regulator in a statement issued Thursday said the SACCO sector is deeply integrated into these wallets and accounts for a significant share of their transactions. “Through them, banks provide SACCOs with an important bridge to the domestic and cross border payment systems. A recurring concern has been that the viability of these services may be adversely affected in the current price regime, given…
The Angaza Awards: Women to Watch in Banking & Finance program has announced the list of Top 10 women who are steering and shaping the financial services sector. The list was compiled following a four-month entry period which saw professionals from Kenya, Rwanda, South Sudan, Tanzania and Uganda submit applications. “These women are quietly, behind the scenes, creating an impact for their organizations and in turn shaping the financial sector. They have certainly earned the recognition and we congratulate them for their accomplishments, “I often am asked ‘where are the women,’ when it comes to board appointments. Considering the financial…
DStv and GOtv have lined up an unmatched entertainment list of exciting Kenyan content made in Kenya by Kenyans that is set to thrill local viewers this holiday season. With shows to keep customers glued to the screens 24 hours a day, the very best of premium content takes center stage on Maisha Magic Plus and Maisha Magic East. “MultiChoice Kenya remains committed to tell the best Kenyan stories that bring people together around shared passions. Our local content offering is unmatched and gives our customers a premium entertainment experience,” said Nancy Matimu, Managing Director MultiChoice Kenya. We are committed…
Markets regulator, Capital Markets Authority (CMA) has imposed a total fine of KSh15 million on four former Real People, a non-deposit taking financial solutions provider for businesses in East Africa, for flouting regulatory norms. According to CMA, the four, Mr Arthur Arnold, Mr Neil Grobbelaar, Mr Arumugam Padachie and Mr Bruce Schenk diverted proceeds of the KSh1.3 billion bond to South Africa. “CMA initiated an investigation into the matter and noted that there appeared to have been a plan involving RPKL (Real People Kenya Limited) and RPIHL (Real People Holding International Limited), South Africa to use the medium-term note proceeds…
Chinese smartphone maker Xiaomi Corp will invest 10 billion yuan ($1.52 billion) in the automotive industry. This will be a new subsidiary that will manufacture smart electric vehicles over the next ten years. Lei Jun, CEO of Xiaomi, will serve as CEO of that subsidiary. https://twitter.com/Xiaomi/status/1376828192011427842?s=20 Xiaomi currently is the third-largest smartphone vendor with a market share of 11.5 per cent, followed by Vivo and OPPO with 10.6 per cent and 8.5 per cent global market share respectively according to a report from Strategy Analytics.