Several Russian companies involved in diamond mining in Zimbabwe have recently been sold for 90 million US dollars. These companies have licenses to mine in Bulawayo. The deal was made in a rush, leading to a lower price paid by the unidentified buyer. It is unclear whether the change in ownership will affect the operation of the mines. Zimbabwe and Russia have been developing cooperation on both the governmental and private investment levels. Diamond mining is a crucial sector of Zimbabwe’s economy, with the country being the world’s seventh-largest producer of diamonds in 2022. View Larger Map | Get…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
TransUnion Africa has appointed Aron Kamakil as the Chief Information Officer (CIO) for its operations in Kenya, Zambia, Botswana, and Malawi. Kamakil brings a wealth of experience in technology and financial services, having previously served as the CIO for Retail Banking at NCBA Group. In his new role, he will support TransUnion’s mission of Information for Good, helping businesses and consumers transact with confidence through the effective use of data insights and technology. He holds a BSc degree in Information Technology from Edith Cowan University Australia and numerous technical and leadership certifications. Transunion Kenya is one of the three credit…
Estonian food delivery and ride-hailing startup Bolt has named Mikko Salovaara as its chief financial officer. Mikko Salovaara, Bolt’s incoming Chief Financial Officer, said “In an industry where it is notoriously hard to operate profitably, Bolt stands head and shoulders above its competitors.” “The culture of maximising operational efficiency which was instilled by Markus ten years ago continues to guide the business today and has left Bolt well-positioned to reach and maintain long-term profitability.” “I look forward to being part of this next stage in Bolt’s journey as the business prepares for IPO.” Bolt, the mobility company, boasts a customer…
Tanveer Nandhra has been appointed as the Head of Financial Markets for Standard Chartered East Africa, effective immediately. With over 15 years of experience in Global and African markets, Tanveer joined the bank as an International Graduate in 2005 and has worked across various markets. She returns to the Kenya business from her previous role as Head of Financial Markets for Standard Chartered Bank Mauritius. In 2018, Tanveer was recognized among the Top 50 Female Leaders by the Financial Times and HERoes Champion of Women in Business. “We are confident that Tanveer’s in-depth understanding of clients and key relationships across…
If you have been looking to transform the way you work with a smaller but mightier keyboard, look no further than the MX Keys Mini from Logitech, packing maximum power into a minimalist wireless illuminated keyboard. Offering the best features from the standard-sized MX Keys you already know and love, MX Keys Mini is the perfect wireless keyboard for any work setup, be it a large designer desk in a studio or at-home office. From Perfect Stroke, one of the keyboard’s most notable product features and Logitech’s premier non-mechanical typing technology, to smart illumination, when the keyboard’s backlit keys light…
Dr James Mwangi, the CEO and Managing Director of Equity Group has been awarded the prestigious Lifetime Achievement Award at the All-Africa Business Leaders Awards. The event, held at Sun City in South Africa, was organized by Africa Business News, the owners of CNBC Africa and Forbes Africa. The All-Africa Lifetime Achievement Award recognizes individuals who have made a remarkable impact on their industry, country, and continent over their lifetime. The judges identified Dr Mwangi as a leader with exceptional character who has contributed to business growth and education. He has also used his family fortune to build one of…