BAT Kenya appoints Rita Kavashe as the new and first woman board chairman

KENYA – British American Tobacco Kenya plc (BAT Kenya), part of British American Tobacco, a multinational company that manufactures and sells cigarettes, tobacco and other nicotine products, has appointed Rita Kavashe as the Chair of the Company’s Board. “Rita’s appointment comes at an ideal time, when the Company is accelerating its transformation agenda. BAT’s evolved corporate strategy and purpose – to deliver A Better Tomorrow for our stakeholders – is underpinned by an ambition to reduce the health impacts of our business,” BAT Kenya Managing Director, Mrs. Beverley Spencer-Obatoyinbo. “Our…

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Tiger Brands chairman Mokhele to be replaced by former Minister Geraldine Fraser Moleketi

SOUTH AFRICA – Tiger Brands, JSE listed packaged food processor has announced that Khotso Mokhele would step down as chairman of the board on December 31. According to reports by Reuters, Mokhele will be replaced by Geraldine Fraser-Moleketi, a lead independent director at mining firm Exxaro, who will take over on Jan. 1 after a handover period starting from September. Fraser-Moleketi has served in various cabinet roles from 1996 to 2008, including as Minister of Public Service and Administration and Minister for Welfare and Population Development. Recently the food manufacturing giant entered…

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ABSA Group appoints Nadine Byarugaba as the new board chairman for its Ugandan subsidiary

UGANDA – ABSA Group, a financial service provider, has announced the appointment of Seasoned banker Nadine Byarugaba as the new ABSA Uganda board chairperson after acting in the position for close to a year. Previously, Swithin Munyantwali held the position until September 2019, when she was appointed to the Board of ABSA Group as a Non-Executive Director. Byarugaba has served on the Board since January 2016. In a statement, deputy ABSA Group chief executive officer Peter Matlare said her appointment will strengthen the value of the bank to shareholders. “I…

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Ecobank appoints Alain Nkontchou as Board Chairman of ETI

AFRICA – Ecobank, a pan-African banking group, has announced the appointment of Mr Alain Nkontchou, a Cameroonian and Independent Non-Executive Director since 2015, as Board Chairman of its holding company, Ecobank Transnational Incorporated (ETI). In accordance with ETI’s Articles of Association, Mr Emmanuel Ikazoboh, a Nigerian, ended his six-year tenure as Chairman on 30 June 2020 having reached the retirement age of 70. “I am honoured to be appointed as Chairman of Ecobank Transnational Incorporated. Having served on its Board since 2015, I have seen Ecobank’s resilience and its proud…

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