SOUTH AFRICA: African Owned Smartphone Factory Launches In South Africa

Mr Ashish J Thakkar, CEO Mara Group. Photo credit: Medium

President Cyril Ramaphosa launched South Africa’s first smartphone factory at the Dube TradePort in Durban. The Rwanda-based Mara Group took the President on a tour of the factory, which is estimated to have an annual production capacity of over 1.2 million handsets of the Mara X and Mara Z cellphones. A total of 200 people… Continue reading SOUTH AFRICA: African Owned Smartphone Factory Launches In South Africa

KENYA: Country Ranks Fourth in Africa as Billionaires Hit 356

About 356 individuals with net assets above $10 million (Sh1 billion) are living in Kenya, placing the country at number four in a ranking of top African cities based on the super-wealthy persons. The Africa Wealth report for 2019 report published this month by Mauritius based AfrAsia Bank ranked South Africa top with 2,169 billionaires,… Continue reading KENYA: Country Ranks Fourth in Africa as Billionaires Hit 356

KENYA: Safaricom Announces Acting CEO

After the loss of one of Kenya’s Finest, Mr Bob Collymore, the Chief Executive Officer of Safaricom, a Kenyan telecommunication company, a unanimous decision has been made to appoint an acting CEO. Mr Michael Joseph, a one time CEO and recognised member of the board has been appointed to temporarily take charge of the company’s… Continue reading KENYA: Safaricom Announces Acting CEO

SOUTH AFRICA: Old Mutual’s Sacked CEO Sues Former Employer

The sacked CEO of one of the prominent insurance companies in South Africa; Old Mutual, Mr Peter Moyo who was sacked over alleged conflict of interest, has revealed through his lawyer his intentions to file a lawsuit against his former employer. The statement was made known by his lawyer, Eric Mabuza’s hours after Old Mutual… Continue reading SOUTH AFRICA: Old Mutual’s Sacked CEO Sues Former Employer

SOUTH AFRICA: SAA CEO; Vuyani Jarana Resigns

South African Airline CEO ; Mr Vuyani Jarana. Photo Credit: The Citizen

South Africa has once again taken another hit, as the current Chief Executive Officer of the South African Airways (SAA), Mr Vuyani Jarana, has tended his resignation letter barely two years after assuming office. This move marks the second major resignations among the state-owned companies after the Eskom CEO, Mr Phakamani Hadebe who exited saying… Continue reading SOUTH AFRICA: SAA CEO; Vuyani Jarana Resigns

NIGERIA: Jobberman CEO Resigns To Pursue New Passion

The President and CEO of Jobberman, an online career portal that offers job information and career-building services in Nigeria, Mr Ayodeji Adewunmi has resigned. Adewunmi in a comment on his resignation from his decade-year-old company explained that he would like to pursue a new career in venture investing. According to him; “I think its great… Continue reading NIGERIA: Jobberman CEO Resigns To Pursue New Passion