Chadian Moussa Faki Mahamat received 51 of 55 African Union member states to win a second term as the head of the African Union’s (AU) Commission on Saturday. He will be deputised by Monique Nsanzabaganwa, deputy governor of the National Bank of Rwanda. She defeated Uganda’s Prof Pamela Mbabazi and Djibouti’s Hasna Bakarak Daoud. Dr Nsanzabagwana replaces Ghana’s Quartey Thomas Kwesi, who chose not to contest the seat for a second term. https://twitter.com/EbbaKalondo/status/1358102381280518150?s=20 “Deeply humbled by the overwhelming and historic vote of confidence,” Faki tweeted. https://twitter.com/AUC_MoussaFaki/status/1358105152327139332?s=20 https://twitter.com/AUC_MoussaFaki/status/1358222722665492482?s=20 https://twitter.com/AUC_MoussaFaki/status/1358208660942553088?s=20 The African Union Commission (AUC) is the AU’s secretariat and undertakes the day to day activities…
Author: Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Football Kenya Premier league champions Gor Mahia battled to a goalless draw with their rivals AFC Leopards on Sunday, at Moi International Sports Centre, Kasarani, Nairobi. As a result, Gor Mahia remains in 6th position with 16 points while AFC Leopards has 19 points from nine matches played. Ingwe is fourth in league standings. AFC Leopards head coach Antony Kimani pointed that the draw was an indication of his improving side. ‘’The draw shows that we are headed in the right direction, I am hopeful that in the forthcoming derby we will be able to get maximum points against them,”…
The Nairobi Securities Exchange has upgraded its trading platform from a Multi-Protocol Label Switching network with the Software-defined Wide Area Network (SD-WAN) supported by Safaricom. According to NSE, the Label Switching network has been in use since 2011. However, with the SD-WAN it will allow businesses to leverage any combination of transport services, including MPLS, Long Term Evolution (LTE) and broadband internet services. “The network interconnects the NSE, the Central Depository and Settlement Corporation and all the trading participants in the market to offer higher trading platform availability,” NSE CEO Geoffrey Odundo said on Friday. “The SD-WAN will be transformational…
President Felix-Antoine Tshisekedi Tshilombo of the Democratic Republic of Congo took over as the African Union Chairperson. He took over from South Africa’s President, Cyril Ramaphosa and will serve for one year. Tshisekedi’s tenure began officially at the 34th Ordinary Session of the Assembly of the African Union, which is being held virtually. “As we hand over the baton to the DRC, we are determined to continue working with President Tshisekedi to ensure that Africa becomes an integrated continent, politically united, based on the ideals of Pan-Africanism and the vision of African renaissance,” President Cyril Ramaphosa said. https://twitter.com/PresidencyZA/status/1357994322394816513?s=20 In his…
TransAtlantic Capital Inc. has acquired Kenyan sports betting and lottery Company, SUREBET for an undisclosed sum, as the US company seeks to secure a footprint in East African Gaming industry. In a statement, the company says the acquisition gives an attractive opportunity for USA shareholders to participate in the financial growth of Africa. “SUREBET is a nice addition to our global platform of cannabis, psilocybin,” says Julies Jenge CEO of TransAtlantic Capital. “Having experience on the continent. Most people view Africa as a country that seems to always be in need of aid, but the 1.2 billion Africans on the continent are…
Is it too soon to be optimistic about an economic revival in East Africa following the devastating impact of COVID-19 on the global economy? The latest data – and the region’s continued focus on transforming its key industries, sectors and infrastructure through technology – is giving me hope that the economic outlook is brightening. Trade in East Africa has already picked up according to the Brookings Institute, after an initial drop in trade in Kenya during the early months of the pandemic, by July domestic exports were already 12.7% higher compared to the year before. That is not to say…