News : Industry

Kenya:Jubilee Insurance Bets On Julius Kipng'etich to Grow Business

[East African] Jubilee Holdings has placed a bet on former Uchumi Supermarkets chief executive Julius Kipng'etich to grow its insurance business and outpace competitors in the highly competitive market. (AllAfrica)

Kenya:Ex-Uchumi Boss Kipng'etich Moves On to the Helm of Jubilee Holdings

[East African] Former Uchumi Supermarkets chief executive Julius Kipng'etich has been appointed as the Jubilee Holdings' regional CEO, placing him in charge of five markets where the insurance firm operates. (AllAfrica)

Africa:CRE Capital's Pule Taukobong Is Looking for Tech Start-Ups That 'Solving Sizeable Problems'

[Innovation in Africa] Pule Taukobong was one of the founders of Africa Angels Network and has used the experience to co-found CRE Capital, a VC fund capable of putting "tens of millions of dollars" behind the right African start-ups. Russell Southwood talked to him about what he's looking for. (AllAfrica)

Tanzania:State - Airtel Deal Stinking

[Daily News] FINANCE and Planning Minister Philip Mpango has revealed that the privatisation of Tanzania Telecommunication Company Limited (TTCL)'s subsidiary mobile company to Celtel, subsequently acquired by Zain and eventually Airtel, was clouded with gross violation of the laws and regulations of the land. (AllAfrica)

Tanzania:Magafuli Receives Scandalous Airtel Ownership Report

[Daily News] Finance and Planning Minister Dr Philip Mpango has submitted a report to the President John Magufuli on the controversial ownership of telecom company, Airtel Tanzania. (AllAfrica)

Zimbabwe:Tech Mogul Strive Masiyiwa Now Worth $1.7 Billion - Forbes

[New Zimbabwe] ZIMBABWEAN telecoms, media and financial services tycoon, Strive Masiyiwa, is now worth US$1.7 billion and ranked 14th on Forbes' list of African billionaires. (AllAfrica)

Zambia:Zanaco Bankrolls Cholera Fight

[Times of Zambia] ZANACO has donated K1.5 million towards the purchase of 10,000 by 130 litres water tanks to help improve fresh water supply in cholera-prone areas, as part of continued efforts by stakeholders to help contain the cholera epidemic. (AllAfrica)

Kenya:Kenyans in U.S. Hail Move By KQ to Start Direct NYC Flights

[Nation] Kenyans living in the US have lauded Kenya Airways (KQ) plan to roll-out of direct flights to the New York City. (AllAfrica)

Rwanda:Millicom to Sell Its Rwanda Business to Bharti Airtel

[CIO] Millicom has signed an agreement for the sale of its Rwanda operations to subsidiaries of Bharti Airtel Limited. (AllAfrica)

South Africa:Telecom, Media and Tech Leaders Meet in Cape Town for Regional Investment Event

[CIO] Telecom, Media and Tech (TMT) leaders meet in Cape Town for regional investment event to discuss future strategies for investment and regional growth. (AllAfrica)

South Africa:CCMA - Eskom Goes All Out to Tackle 'Rogue' Executive, Suzanne Daniels

[Daily Maverick] The embattled power utility is forging ahead with flimsy case against Suzanne Daniels, its head of legal and compliance and, coincidentally, the insider who demanded the Gupta linked Trillian Capital Partners and US firm McKinsey pay back R1.6-billion. By JESSICA BEZUIDENHOUT. (AllAfrica)

Kenya:French Firm Groupe ADP Wins JKIA Terminal Deal

[East African] French company Paris Aeroport, formerly Aeroports de Paris or ADP, has won a contract with Kenya Airports Authority (KAA) for design of a new passenger terminal at the Jomo Kenyatta International Airport in Nairobi. (AllAfrica)

Ethiopia:Turkish Company to Replace Steel Import in Ethiopia

[Ethiopian Herald] The Turkish steel company Tosyali Holding said that it is ready to enter into the Ethiopian steel industry using its experience of over 70 years in the sector. (AllAfrica)

Tanzania:Ex-Uchumi Boss Kipng'etich Moves On to the Helm of Jubilee Holdings

[Citizen] Nairobi -Former Uchumi Supermarkets UCHM chief executive Julius Kipng'etich has been appointed as the Jubilee Holdings' regional CEO, placing him in charge of five markets where the insurance firm operates. (AllAfrica)

Tanzania:Buguruni Fire Outbreak Caused By Exploding Gas After Pipeline Hit By Accident - TPDC

[Citizen] Dar es Salaam -Tanzania Petroleum Development Corporation (TPDC) said on Tuesday, January 9, that a gas pipeline crossing Mnyamani in Buruguni exploded, causing a huge fire outbreak, after it was accidentally hit. (AllAfrica)

Namibia:Make Your Savings a Priority - FNB

[Namibia Economist] According to economists, 2018 is bound to be another challenging year in Namibia, therefore it remains prudent to continue saving and to spend on necessities only, FNB Communications Manager Elzita Beukes said. (AllAfrica)

Namibia:Meatco Waits to See What Sort of Year Would Be 2018

[New Era] Windhoek -The country's meat processing and export company, Meatco, awaits to see how year 2018 would pan out, as the company's board this week start sifting through applications for the position of the chief executive officer, to replace Advocate Vekuii Rukoro who left last year amid (AllAfrica)

Nigeria:CBN Warns Operators On Licence Renewal, Others

[This Day] The Central Bank of Nigeria (CBN) has advised operators in the national payment system to ensure that they renew their operating licence three months before the date of its expiration. (AllAfrica)

Rwanda:Airtel Takeover of Tigo Rwanda Operations Jolted Telecom Sector

[New Times] The Rwandan telecom sector was mid-December jolted by news of Bharti Airtel takeover of Tigo Rwanda operations. The development is arguably the biggest in the telecom industry that has been dogged by slow growth levels over the past few years. (AllAfrica)

Namibia:Meatco, Brukkaros to Share Norwegian Quota

[New Era] Windhoek -Meat Corporation of Namibia (Meatco) and Brukkaros Meat Processor are again set to share the 1,600-tonne Norwegian beef export quota, said the Minister of Industrialization, Trade and SME Development, Immanuel Ngatjizeko. (AllAfrica)

Tanzania:Firm Trains Electricians to Identify Counterfeit Products

[Daily News] BEKO Electronic has offered a one-day seminar to 100 technicians and various stakeholders on identifying counterfeit products. The seminar conducted yesterday by Beko's main distributor, Darworth Limited, centred on safeguarding customers on procuring better and quality electrical products. (AllAfrica)

Tanzania:Garments Factory Set for Expansion

[Daily News] TANZANIA Tooku Garments Company Limited, producing clothing for the US market is set for expansion to increase production in order to meet demand in the market. (AllAfrica)

Tanzania:TPA Donates U.S. $7 000 - Desks

[Daily News] TANZANIA Ports Authority (TPA) yesterday donated 15m/- to Nyasa District in Ruvuma region for purchasing 500 school desks in efforts to minimize the shortage of such furniture for schools in the district. (AllAfrica)

Uganda:MTN Uganda Invest $13,500 to Sponsor Local Football Teams

[The Exchange] The popularity of football in Africa has grown over the years and institutions are looking into considerations of promoting the sport. GoTV, Barclays Bank and MTN have been on the forefront to unveil programs that will nurture the culture of football and keep the dreams of many alive. (AllAfrica)

Africa:'Sale of Lafarge Africa's SA Unit May Be On Cards'

[The Herald] Johannesburg -Cement maker Lafarge Africa could put up its South African unit for sale this year and potentially use the proceeds to strategically shore up and stabilise its Nigerian business, experts have said, signalling potential mergers and acquisitions in the continent's rapidly growing cement industry. (AllAfrica)

Tanzania:Stamigold Given 14 Days to Present Business Plan

[Daily News] THE Permanent Secretary (PS) in the Ministry of Minerals, Prof Simon Msanjila, has given Stamigold Company Limited a 14 day-ultimatum to prepare a business strategic plan, which will show how it will operate without depending on government funding. (AllAfrica)

Rwanda:After a Spell of Executive Reshuffling, Banks Brace for Competition in 2018

[New Times] The year 2017 appears to have been the climax to a series of top executive movements in Rwanda's banking sector and built a foundation for competition in an industry where it was hitherto, generally non-existent. The expectation is that this year will be an exciting one for customers, especially after the central bank in December lowered its key repo rate to 5.5 per cent from 6 per cent it had set in June 2017. (AllAfrica)

Rwanda:MTN, Vanu Deal to Increase Connectivity in Rural Areas - Officials

[New Times] More Rwandans in rural areas, who are currently not connected, will be able to enjoy mobile telephone services following the integration of MTN and Vanu networks, a move that will extend MTN network. (AllAfrica)

Africa:Asecna to Deploy Space-Based Ads-B in Western and Central Africa

[PR Newswire] Mclean, Virginia -Aireon and Agency for Aerial Navigation Safety in Africa and Madagascar (ASECNA) will bring real-time air traffic surveillance to high-trafficked, terrestrial African corridors (AllAfrica)

Rwanda:MTN Rwanda Moves Closer to Achieving 100 Percent Network Coverage

[The Exchange] In a bid to keep citizens connected in the country, MTN and Vanu networks have formed a partnership that will see the two extend their telephone services in the rural areas. The integration of the two will see the rural areas access the telecom's service as the previous service provider look to widen its network and gain more ground for influence in the state's borders. (AllAfrica)

Africa:Airtel Buys Out Tigo Rwanda As It Bolsters Africa Venture

[East African] Regional telco Tigo has sold its Rwandan business to Airtel -- its third such sale this year -- in a move seen as an exit strategy out of its African business and a consolidation for Airtel, whose Rwandan unit has been posting losses. (AllAfrica)