Telkom Kenya has appointed Mugo Kibati as its Chief executive taking over from Aldo Mareuse. Eddy Njoroge, the chairman of the Board said Mareuse was moving on to pursue other interests having led the company from mid-2016. “The Board is very grateful to Aldo for his leadership of the company over the last three years,” said Eddy. “We wish him the very best in his future endeavours.” During his tenure, Mareuse is credited with the expansion of the company’s network by over 50%, successful rebranding of the company to Telkom and rolling out of a 4G network. Kibati who is…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
International passenger traffic growth in Africa has improved by 6.0% measured in revenue passenger kilometers (RPKs) in September, down from 6.8% in August according to the latest data from the International Air Transport Association (IATA). Capacity rose 4.9% and load factor edged up 0.8 percentage point to 74.6%. “The healthy growth is taking place against an increasingly challenging economic backdrop for the region’s largest economies of South Africa and Nigeria,” said IATA in its September report. “While such growth was a slight deceleration from August, the bigger picture is that the upward SA demand trend remains strong, and annual RPK…
Kenya is one of the 12 African nations chosen by Spanish retailer Inditex SA (ITX.MC) that its flagship brand Zara will launch a new platform bringing its fashions to customers. Most of these new markets are in Africa and include Angola, Cameroon, Congo, Ivory Coast, Senegal, Kenya, Mali, Mozambique, Namibia, Tanzania, Madagascar, Zimbabwe and Ghana, among others. The online store is also making its début in numerous parts of the Caribbean and Asia. Chief Executive Pablo Isla said in a statement that all of Inditex’s brands “will be available online anywhere in the world by 2020.” Read: Spanish fashion house Mango…
Accessible via the USSD Code *727#, Telkom will charge subscribers KSh4 daily.
Bizna Kenya has unveiled 32 finalists for the Inaugural Young Entrepreneurs Awards (YEA Awards) 2018. “We are delighted to host this event and celebrate young entrepreneurs who are doing tremendous work to meet needs in the society,” said Bizna Kenya Founder and CEO Tonnie Mello. “Young people lead the way in many endeavours in life, especially in entrepreneurship and we are happy to cheer them on. With this initiative, things can only get better in Kenyan businesses.” The prestigious YEA Awards is designed to recognize, celebrate and encourage upcoming and industrious young entrepreneurs aged (18 – 35 years) to improve how…
The Institute of Certified Investment and Financial Analysts (ICIFA) has appointed Diana Muriu as its Chief Executive Officer (CEO). “My entry here marks a new chapter for ICIFA, one where we work with our members to uphold to the highest levels of professionalism, discipline, and ethics whether in private or in public practice,” said Ms Muriuki. Diana has over 10 years’ experience in the financial services industry having worked at Actuarial Services E.A. Limited where she recently served as a Senior Manager–Investments. “The appointment of CEO marks a milestone since inception as an organization by an act of parliament a…