Google has announced the appointment of Alex Okosi as the new managing director for Africa. Okosi, who previously served as the MD for YouTube in EMEA Emerging Markets, brings a wealth of experience in the media and technology industries to his new role. Meir Brand, Vice President of EMEA Emerging Markets at Google, praised Okosi’s leadership and understanding of African countries. “Alex is a proven leader with a deep understanding of African countries and a passion for using technology to empower people and businesses,” he said. In his new role, Okosi will be responsible for overseeing Google’s operations in Africa. …
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Nkoregamba Mwebesa has resigned as the CEO of the Central Depository and Settlement Corporation (CDSC). Mr. Mwebesa has been at the helm of the company since February 2020. Nkoregamba Mwebesa is leaving to pursue other career interests, and the CDSC Board of Directors has expressed its appreciation for his leadership and contributions to the company. In light of Mr Mwebesa’s departure, the CDSC Board of Directors has appointed Mr Jesse Kagoma as the new Chief Executive of the Corporation, effective September 1, 2023. Mr. Kagoma has been with CDSC since May 2018, serving as the General Manager of Business Support…
Absa Bank Kenya PLC reported a better-than-expected net profit of Kshs 8.3 billion for the first half of 2023, representing a 32% increase compared to the same period last year. This growth in earnings was driven by consistent double-digit revenue growth across the bank’s key revenue streams. “The bank has a very strong momentum from revenue on balance sheet and customer growth over the last one to two years,” said Absa Bank Kenya PLC Managing Director, Abdi Mohamed. “I think momentum is what we’re showing, which is strong revenue growth. Over this past strategic cycle CAGR of 9%.” Absa Bank…
Nzoia United staged a remarkable comeback to defeat Ulinzi Stars 2-1 in their 2023–24 Football Kenya Premier League season opener at Sudi Stadium on Saturday. The hosts trailed by a goal at halftime. However, Nzoia rallied in the second half and scored two goals in quick succession to secure the three points. The win propelled Nzoia United to the top of the league table with a superior goal difference. https://twitter.com/Officialfkfpl/status/1695449925880787422?s=20 In other matches, Kariobangi Sharks and Police FC played out a goalless draw at Utalii Grounds, while Tusker FC edged out Bandari FC 1-0 at Mbaraki Stadium. Deogratious Ojok scored…
After years of growth, the global technology sector entered a downturn in the second half of 2022, thanks to a combination of inflation, rising interest rates, and faltering supply chains. As a result, companies that just months before hadn’t been able to hire fast enough suddenly had to shed jobs en masse. In fact, Crunchbase estimates that there have been nearly 160,000 layoffs among US tech companies so far in 2023 (in addition to the 93,000 that were lost in 2022). In Europe, meanwhile, tech startups laid off some 40,000 workers between March 2022 and March 2023. Many of the companies behind these…
Safaricom Plc has announced the appointment of Dr (Eng.) John Kipngetich Mosonik and Ms. Murielle Lorilloux as non-executive directors to its board, effective from 23rd August 2023. Dr Mosonik is a seasoned technocrat with over 35 years of experience in various sectors, including engineering, telecom, infrastructure, petroleum and mining. He has served as a Principal Secretary and a Chief Administrative Secretary in the Kenyan government. He holds a Doctorate Degree and a Ph.D. in Business Administration. Ms Lorilloux is the Chief Strategy & Commercial Officer at Vodacom Group, a subsidiary of Vodafone Group, which partly owns Safaricom. She has over…