Former Ethiopian Prime Minister Hailemariam Desalegn has joined the Board of Directors of the Alliance for a Green Revolution in Africa (AGRA). Commenting on his appointment to the AGRA Board, Hailemariam stated, “I am delighted to be joining AGRA, an organization that has a mandate to transform African agriculture by helping African farmers become successful and practice sustainable agriculture. I strongly believe that African countries and partners can accelerate the implementation of the AU Malabo Declaration to ensure that food is available, accessible and affordable.” AGRA is a pan-African institution working with governments, public and private sector stakeholders and other…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
MultiChoice has announced the appointment of Nkateko Mabaso as the CEO of M-Net in Sub-Saharan Africa succeeding Yolisa Phahle who has stepped into the role of CEO of General Entertainment for the Video Entertainment segment. Speaking on Mabaso’s appointment, the outgoing CEO said, “Nkateko has been appointed in recognition of his continued commitment and contribution to local programming that audiences love and watch in increasing numbers year on year. “He is passionate about our continent’s film and television industry and I wish him every success.” Over the last seven months in his position as Acting CEO of M-Net, Mr Mabaso…
Marriott International Inc has announced its rapid expansion plans across Africa, expecting to increase its portfolio by 50 per cent with over 200 hotels and 38,000 rooms by 2023. Strong demand for select-service brands and conversion opportunities are driving the momentum of growth for the company, amplified by five new hotel signings. “Today we are seeing strong owner interest in our brands, backed by our combined loyalty program, the collective strength of our global platform and our highly-experienced, local teams,” said Alex Kyriakidis, President and Managing Director, Middle East and Africa, Marriott International. “African economies have sustained unprecedented rates of…
Kenya’s stock exchange failed to open for business Monday morning due to system failure. The Nairobi Securities Exchange (NSE) in a notice said the delay was due to “Challenges experienced by a dependent system of the Automated Trading System (ATS).” Trading resumed in the afternoon from 1:20 pm. On Friday, the market closed with foreign investor participation accounting for 78.0 percent of total market turnover from 59.2 percent from Thursday’s close. The equities market was on an upward trend with NASI, NSE 20 and NSE 25 gaining by 2.9 percent, 1.5 percent, and 2.7 percent, respectively, due to large-cap stocks…
Eddie Njoroge has been elected as the President of the International Organisation for Standardisation (ISO). Njoroge will be President-elect during 2019 as he works hand in hand with President John Walter before his term becomes effective from 2020 to 2021. https://twitter.com/isostandards/status/1045669502430715904 He is committed to increasing and deepening developing countries’ engagement in the ISO activities so that the nations exploit the full value of international standardization, in particular on the Sustainable Development Goals (SDG). https://twitter.com/KEBS_ke/status/1045699385290633218 https://twitter.com/rebecca_miano/status/1045701891978678272 Njoroge is the former CEO of Kenya Electricity Generating Company (KenGen), where he spearheaded the transformation of the company from a parastatal to a…
Kenya’s economy expanded 6.3 percent year-on-year in the second quarter of 2018 from 4.7 percent in the same period in 2017, according to the latest data by the Kenya National Bureau of Statistics (KNBS). “The growth was against a backdrop of a fairly stable macroeconomic environment and favorable weather conditions. During the review period, the country experienced heavy rains that impacted positively on most of the agricultural and generation of hydroelectricity activities,” said the statistics body. In the review, the agriculture, and electricity and water supply recorded significant improvements to grow by 5.6 percent and 8.6 percent compared to growths of 0.8…