JOHANNESBURG – There are significant business opportunities in the mobile broadband space in building an ecosystem of affordable mobile devices to support user migration to 4G and 5G cellular network technology. This was the message emerging from the 5th Huawei Africa Mobile Broadband Salon taking place at the online Africacom Africa Tech Festival from 9-12 November. Delegates heard that the ICT industry had never been more important to society and that it was now at the forefront of social development and restoring economies affected by the Covid-19 pandemic. “Connectivity is the foundation for digital transformation,” said Salon facilitator Mohamed Madkour,…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Immaculate Kassait has been sworn-in as Data Commissioner tasked with implementing The Data Protection Act. Kassait becomes Kenya’s first holder of the position with her main role being exercising oversight on data processing operations, promoting self-regulation among data controllers, promoting international cooperation in data protection-related issues, and conducting research on data processing development. The ceremony that was held Monday was presided over by Court of Appeal Registrar Moses Serem. She will serve for a single term of six (6) years and shall not be eligible for a re-appointment. The Office of the Data Protection Commissioner is an office established by…
The Open Society Initiative for Eastern Africa (OSIEA) has appointed Mr George Kegoro its new Executive Director. He will lead the development and implementation of its regional strategy to meaningfully promote human rights, democracy, and economic justice in east Africa and the Horn. “George brings vast knowledge and experience of the region and is regarded as one of the leaders in the human rights space in Kenya and around Africa,” said Patrick Gaspard, Open Society Foundations’ (OSF) president, when making the announcement. George takes over OSIEA’s leadership from Mburu Gitu, who has led the regional foundation for eight years. “It…
Kenya Power has appointed Vivienne Yeda as the new Chairman, Board of Directors replacing Mahboub Maalim. Yeda will be the first woman to serve as chairman of the board. Ms Yeda is the director of East African Development Bank and an expert in foreign relations law, international economic law, business operations, and financial transactions in public and private sector operations including project finance and structured finance. “We are excited and look forward to her stewardship, and that of the entire Board, as we pursue our growth journey,” Kenya Power said on Friday. Vivienne Yeda was part of the non-executive directors…
Secured loans provider Mwananchi Credit has waived penalties on loan defaults to reduce repayment burden for borrowers. The company says the up to 100% default penalty fee waiver is aimed at cushioning customers from the adverse financial effects of the Covid-19 pandemic, which has pushed many households and businesses into the red. Most Kenyans have either lost their jobs or are contending with reduced incomes due to the economic slowdown caused by the outbreak of Coronavirus in Kenya. Most companies have scaled down their operations, while others have temporarily closed and fired employees. “With this in mind, Mwananchi Credit Limited…
Botswanan retailer Choppies Enterprises has resumed trading on the Johannesburg Stock Exchange (JSE) after a two-year hiatus. The retailer was suspended from the local bourse in September 2018 after it delayed releasing its financial results. After the extensive engagement, the JSE had agreed to lift its suspension with effect Friday, which follows its reinstatement on the BSE in July. That reinstatement followed the publication of delayed publication of audited Group results for the years ended 30 June 2018 and 30 June 2019, as well as the interim results ended 31 December 2019. On 25 September 2020, the Group published the…