MTN Group has announced a significant development today: MTN International (Mauritius) Limited, a wholly owned subsidiary of MTN, will sell a portion of its stake in MTN Uganda. This move aligns with Uganda’s regulatory requirements and MTN’s strategic goal of increasing local shareholding in the Ugandan operating company.
The Malawi Communications Regulatory Authority (MACRA), through the innovative Connect-A-School (CAS) project, is set to build over 100 ICT laboratories in schools nationwide. Sponsored by the Universal Service Fund (USF), this initiative aims to revolutionize education with cutting-edge technology.
I&M Group has reported an impressive 30.9% surge in net profit, reaching Sh3.32 billion for the first quarter ended March 2024. This significant growth is attributed to a notable increase in net interest income, primarily driven by lending activities.
Huawei Kenya has officially launched its Management Trainee Program, targeting university students across Kenya for jobs and internships. This initiative aims to provide about 30 job and internship opportunities, offering advanced ICT training to Kenyan youth.
Visa has officially launched its She’s Next global advocacy program in Kenya, marking a significant step towards supporting women-owned small businesses. This initiative is part of Visa’s commitment to fostering an inclusive and equitable world where women entrepreneurs can thrive. The program aims to provide funding, training, and mentorship to women business owners across various industries and sectors.
Google has unveiled plans to build Umoja Fiber, the first subsea fiber optic cable connecting Africa and Australia. Anchored in Kenya, the cable will traverse Uganda, Rwanda, the Democratic Republic of the Congo, Zambia, Zimbabwe, and South Africa, before crossing the Indian Ocean to Australia. This ambitious project is part of the Africa Connect initiative, joining forces with Equiano to enhance connectivity across the continent.
Fusion Capital has appointed Professor Abraham Waithima as its board representative at LOLC Microfinance Kenya Limited, with CEO Daniel Kamau serving as his alternate. Professor Waithima brings a wealth of experience from his significant leadership roles, including his tenure at Daystar University and as Vice Chancellor of Kigali University.
Stakeholders from diverse industries will converge in Nairobi for the 2024 Private Enterprise Africa Venture Summit hosted by KPMG.
