Hakuna Matata Media

MTN Appoints 4 Directors to its Fintech, Bayobab Boards

2 years ago2 years ago03 mins

MTN Group has announced the appointment of four non-executive directors to enhance its MTN Group Fintech and Bayobab businesses. Herman Bosman has been named independent chairman of MTN Group Fintech, bringing his extensive experience from his tenure as CEO of Rand Merchant Investment Holdings and RMB Holdings. Bosman’s role will begin on July 1, 2024, and he is expected to leverage his deep understanding of the financial services industry to advance MTN’s fintech strategy.

Savannah Clinker Bids Ksh.25B to Acquire Bamburi Cement

2 years ago2 years ago03 mins

Kenyan firm Savannah Clinker has made a significant move in the cement industry by placing a Ksh25.4 billion bid to acquire listed Bamburi Cement PLC. This strategic offer comes in response to a competing bid from Tanzania’s Amsons Group, which had previously announced its own Ksh23.9 billion offer. Savannah Clinker’s bid includes an additional Ksh1.8 billion to shareholders if the acquisition proceeds.

Dr. Faustine Ndugulile Has been Nominated as WHO Africa Director

2 years ago2 years ago04 mins

Dr. Faustine Engelbert Ndugulile of Tanzania has been nominated as the next Regional Director for the World Health Organization (WHO) African Region, succeeding Dr. Matshidiso Moeti, who has led the region with distinction over the past decade. This historic nomination was decided by African Member States during the Seventy-fourth session of the WHO Regional Committee for Africa held in Brazzaville, Republic of the Congo, reflecting strong support for Dr. Ndugulile’s leadership and vision.

SUKHIBA Secures $1.5M to Expand WhatsApp E-commerce

2 years ago2 years ago03 mins

SUKHIBA, a Kenyan commerce and CRM platform, has successfully completed a $1.55 million seed extension round led by EQ2 Ventures. This latest funding round saw participation from top-tier investors including Accion Venture Lab, Musha Ventures, Quona Capital, and existing investor CRE Ventures. The funds will be instrumental in scaling SUKHIBA’s operations and enhancing its SaaS platform.

iColo Adds 650 kW Solar Power to Nairobi, Mombasa Data Centers

2 years ago2 years ago04 mins

iColo, a carrier-neutral data center infrastructure provider, has announced the addition and commissioning of over 650 kilowatts (kW) of new solar installations at its data center campuses in Nairobi and Mombasa. This significant investment in renewable energy underscores iColo’s commitment to sustainability and its support for customers’ renewable energy goals.

Banking & Fintech

Family Bank’s H1 Profit Rises 15.4% to Sh2.32B

2 years ago2 years ago02 mins

Family Bank has reported a 15.4 percent increase in profit before tax, reaching Sh2.32 billion for the first six months of 2024. This growth is attributed to a rise in interest income, demonstrating the bank’s strong performance amid challenging economic conditions.

DTB’s H1 Net Profit Increases 12% to Sh4.9B

2 years ago2 years ago03 mins

Diamond Trust Bank (DTB) has reported a notable 12 percent increase in net profit, reaching Sh4.9 billion for the half year ended June 2024. This growth marks a significant achievement for the bank, reflecting its robust performance and strategic expansion.

Absa Bank Kenya’s H1 Net Profit Rises 29% to Sh10.7B

2 years ago2 years ago03 mins

Absa Bank has announced a significant 29 percent increase in profit after tax, reaching Sh10.7 billion for the first half of 2024. This growth reflects the bank’s successful strategy in boosting revenue across its various business segments and meeting the increasing demand for soft loans, despite a challenging economic environment characterized by reduced consumer spending.

Hakuna Matata Media

Absa Bank Expands Airtel Money Payments Partnership for Transactions

AmiViz, FrontierZero Partner to Expand Saas Security in MEA

AXIAN Telecom, Oracle Partner for Group ERP Transformation

School Acquires Rubikal to Build In- house AI Education Stack

Gebeya, PROFF-IT Partner to Scale African Startups

Apple Appoints John Ternus CEO, Tim Cook to Become Executive Chairman

MTN Appoints 4 Directors to its Fintech, Bayobab Boards

Savannah Clinker Bids Ksh.25B to Acquire Bamburi Cement

Dr. Faustine Ndugulile Has been Nominated as WHO Africa Director

SUKHIBA Secures $1.5M to Expand WhatsApp E-commerce

iColo Adds 650 kW Solar Power to Nairobi, Mombasa Data Centers

Family Bank’s H1 Profit Rises 15.4% to Sh2.32B

DTB’s H1 Net Profit Increases 12% to Sh4.9B

Absa Bank Kenya’s H1 Net Profit Rises 29% to Sh10.7B