Author: Khusoko

The African Development Bank (AfDB) has re-elected Akinwumi Adesina for a second five-year term as president. Adesina, who was running unopposed, gained 100 per cent of the votes cast, the bank said in a statement. The election took place on the final day of the 2020 Annual Meetings of the African Development Bank Group, which was held virtually for the first time in the Bank’s history. Dr Adesina will begin his new term on September 1, 2020. “I am deeply grateful for our shareholders’ collective trust, strong confidence, and support for electing me for a second term as President. It…

Winners for the 2020 African Banker Awards were announced Wednesday recognising the reforms, rapid modernisation, consolidation, integration, and expansion of Africa’s banking and financial system. This year, Nigerian-based group Access Bank and also women in the banking and finance sector emerged the biggest winner. “Following on from what was seen as a lack of inclusion last year, the organisers put an emphasis to reward institutions that ensured that women and financial inclusion were at the forefront of their agenda,” read a statement from the African Banker, a quarterly magazine dedicated to banking and finance in Africa. The Central Bank Governor…

Huawei Kenya has launched their new initiative UniTech Talk a regular lecture series for University lecturers, students, and tech enthusiasts to share the latest technologies, industry trends, development policies, and insights. During the pandemic, the technology sector has played a critical role in minimizing disruptions to the economy and creating new opportunities for economic and social development. Kenyans and Kenyan businesses all across the country are using technology now more than ever before which will help jumpstart the digital economy in the country. The UniTech Talk series will help position the Kenyan ICT industry to take advantage of the latest…

Car owners and taxi drivers have begun registering on the Catch Taxi platform, the latest entrant into Kenya’s ride-hailing market.   The company is set to launch in Kenya after a successful entry into Ethiopia and hopes to curve a niche in Nairobi and other urban centres. Catch Taxi management says it has developed a homegrown ride-hailing Super App to take on players including Uber, Little Cab and Bolt, among others. The company is operated and owned by Africans and brings enhanced experience for riders and taxi drivers with safety, comfort and efficiency being its hallmarks. Catch Taxi has opened registration…

Huawei Technologies Kenya has announced the opening of the Seeds for the Future Sky program, open to all University undergraduates undertaking ICT related degrees. This will be the first time in its history the long-running program will be held virtually and opens up the opportunity to students across the country. Huawei will support the internet costs of the participants to reduce barriers to participation. The 5-day intensive training with more than 20 mandatory and elective live-streamed and pre-recorded. 60 students will learn about the latest technology such as 5G, Cloud Computing, and Artificial Intelligence as well as leadership skills and…

MTN Group, Africa’s largest telecoms operator, named Ralph Mupita chief executive officer to lead its growth and sustainability. Mupita, the Chief Finance Officer of the telco, will take over on September 1, replacing Rob Shuter, who will step down from his executive responsibilities on August 31. Mupita has served as the MTN Group CFO since April 2017 and has played a critical role in the development and execution of the group’s strategy, capital allocation processes, financial performance as well as in the resolution of a number of complex regulatory matters. MTN Group chairman Mr Mcebisi Jonas said: “Ralph’s experience as…