Author: Khusoko

Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.

Huawei’s 5G wireless and core network equipment (5G RAN gNodeB, 5G Core UDG,UDM,UNC,UPCF) and LTE eNodeB has passed the GSMA’s Network Equipment Security Assurance Scheme (NESAS). GSMA NESAS boosts the industry’s confidence in telecom network equipment, making it a practical choice for the industry and an important consideration for all regional markets, to jointly promote the development of more aligned mobile communications market. NESAS is a standardized cybersecurity assessment mechanism jointly defined by GSMA and 3GPP, together with major global operators, vendors, industry partners and regulators. It provides an industry-wide security assurance framework to facilitate improvements in security levels across…

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Linda seeks to promote sexual-health education and sexual assault awareness in primary and secondary school students in Kenya through a subscription-based text message service. Teenage girls in Kenya often lack access to sexual and reproductive health services, many unaware that such services even exist. Not knowing where to turn for reliable information about their bodies and their rights, some young women find themselves dropping out of school — marrying early, having babies — while others endure the trauma of sexual assault or risky abortions. The Global Childhood Report 2019 published by Save the Children ranked Kenya the third highest in…

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Ecobank Group says its Pan-African Banking Sandbox is live allowing partners and fintechs across 33 African countries to gain access to its Application Programming Interface (API) to develop innovative financial solutions. This follows a successful pilot run with select Fintechs in early 2020. The Sandbox will position the annual Ecobank Fintech Challenge beyond a competition to a Developer Platform and Marketplace of fintech solutions.  The Group Executive, Technology and Operations – Mr. Eddy Ogbogu stresses that “As the Pan-African bank, Ecobank is committed to the growth of  the Pan-African Fintech Ecosystem. This Sandbox is designed to facilitate this objective. Innovative…

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Benson Wairegi has announced his retirement from Britam after 40 years of service. Wairegi who is the Group Managing Director has opted not to seek a new term once his current three-year contract expires in December. “The board is seized of the matter. They have actually engaged and started a search for my successor. Whether it’s internal or external (replacement), that’s now for the board to decide. But the process actually began as long as two years ago. That should not worry about the market, should not worry about anybody. When I leave, there will be that pool of leaders…

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The African Development Bank (AfDB) has re-elected Akinwumi Adesina for a second five-year term as president. Adesina, who was running unopposed, gained 100 per cent of the votes cast, the bank said in a statement. The election took place on the final day of the 2020 Annual Meetings of the African Development Bank Group, which was held virtually for the first time in the Bank’s history. Dr Adesina will begin his new term on September 1, 2020. “I am deeply grateful for our shareholders’ collective trust, strong confidence, and support for electing me for a second term as President. It…

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Winners for the 2020 African Banker Awards were announced Wednesday recognising the reforms, rapid modernisation, consolidation, integration, and expansion of Africa’s banking and financial system. This year, Nigerian-based group Access Bank and also women in the banking and finance sector emerged the biggest winner. “Following on from what was seen as a lack of inclusion last year, the organisers put an emphasis to reward institutions that ensured that women and financial inclusion were at the forefront of their agenda,” read a statement from the African Banker, a quarterly magazine dedicated to banking and finance in Africa. The Central Bank Governor…

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