Telkom South Africa CEO Sipho Maseko to step down after eight years at the helm

SOUTH AFRICA -Telkom South Africa group Chief Executive Officer (CEO) Sipho Maseko is leaving the telecommunications company after eight years at the helm. In a press statement, the Johannesburg Stock Exchange-listed firm says Maseko will step down as group CEO and executive director of Telkom and its subsidiaries on 30 June 2022. The process to appoint a successor is well underway and a designated group CEO will be announced in the not too distant future, says the telco. The statement added that Maseko would, for the remainder of his tenure,…

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Dimension Data founder Jeremy Ord quits alongside other executives

SOUTH AFRICA – Information technology services company Dimension Data founder and executive chairman Jeremy Ord is leaving the company he founded 38 years ago. Other executives that are also leaving the systems integrator are understood to be Saki Missaikos, chief strategy officer, and Steve Nathan, chief corporate finance officer. Pearl Mngomezulu, Dimension Data head of communications for the Middle East and Africa (MEA) region, told ITWeb: “I can confirm that several executive leaders have chosen to pursue interests outside of the business and will be leaving us at the end…

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Christopher Lundh appointed as Chief Executive Officer for Africell Angola

ANGOLA – Africell Group has announced the appointment of Christopher Lundh as Chief Executive Officer of Africell Angola. Under Mr. Lundh’s stewardship, Africell is expected to deliver on its promise to transform the Angolan telecoms sector by providing affordable, reliable and high-quality mobile telecommunications services to millions of consumers. Christopher Lundh joins Africell after five years as a Managing Director and Chief Commercial Officer of Afghan Wireless. The American national previously held senior leadership roles at companies including Telecel Congo, Africa Online, and Gateway Communications and has extensive experience in…

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Nairobi Securities Exchange appoints two new non-executive directors

KENYA – The Nairobi Securities Exchange(NSE) Board has appointed  two new non-executive directors, Donald Wangunyu and Stephen Chege who will represent the interests of trading participants on the NSE Board and those of listed companies, respectively. Donald Wangunyu brings over 20 years of experience in finance and technology from both Kenya and the USA. He currently sits on the Boards of Standard Investment Bank, the Kenya Association of Stockbrokers and Investment Banks and the East Africa Forum for Alternative Investments. He is the founder and CEO of the Robo-Advisor, FourFront Management. On…

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Jubilee Allianz General Insurance Kenya appoints Adja Samb as CEO

KENYA – Jubilee Allianz General Insurance Limited Kenya, has appointed Adja Samb as the new Chief Executive Officer, effective July 1, 2021. Adja Samb will succeed Catherine Igathe, the current CEO of Jubilee Allianz General Insurance Limited Kenya, who is exiting the firm in July 2021 to pursue other opportunities. In early 2021, Allianz SE and Jubilee Holdings announced a 66% stake acquisition in the Jubilee General Insurance Company in Kenya to form Jubilee Allianz. Other acquisitions of Jubilee General Insurance businesses in Tanzania, Uganda, Burundi, and Mauritius are expected to follow.…

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KCB Group in executive shake-up, top managers exit

KENYA – Financial services holding KCB Group is restructuring its executive team, marking the second major reorganization of its top leadership since 2011. The Kenyan lender has let go of four top executives, changed responsibilities for others and created new roles in a move it says will lead to better management. Those who recently left the lender’s top management are Apollo Ongara who was the director of credit, Judith Sidi Odhiambo (head of corporate and regulatory affairs), Joseph Kania (company secretary) and Jane Mwangi (managing director of KCB Foundation). Benard Okello…

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ASIP Accelerator picks two iconic women to its advisory board to help scale Africa’s best startups

AFRICA – Telecel Group’s Africa Startup Initiative Program (ASIP) Accelerator powered by Startupbootcamp AfriTech has announced the creation of an industry advisory board to attract highly regarded executives with a passion for supporting African startups.  The founding members of the board are two accomplished female leaders who bring 55 years of combined experience – Eleanor Azar and Dale Mathias have been appointed as Director and Advisor to the Board respectively. ASIP offers several programs to support earlier stage African startups whose innovative ideas are making a profound difference in their…

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Absa Bank appoints Punki Modise as interim financial director

SOUTH AFRICA – Financial services group Absa has appointed Punki Modise as an interim financial director and as an executive director on the boards of Absa bank. The announcement made by the financial institution comes after Jason Quinn who held the position of financial director was appointed interim Group Chief Executive. Quinn replaced Daniel Mminele who stepped down due to ’divergent professional views and approaches’ with Absa board. Commenting on his departure, the former CEO said: “It is indeed regrettable that we should have had to part ways so soon…

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Radisson RED in Rosebank appoints Carly de Jong as General Manager

SOUTH AFRICA – Radisson RED hotel in Rosebank South Africa has appointed Carly de Jong as general manager. The hotel announced that De Jong would be the hotel’s “curator”, as the brand refers to her position. This is the second Radisson RED Hotel on the continent; the first having been opened in Cape Town in 2017. “I’m excited to bring the Radisson RED experience to Johannesburg. As a hotel built on celebrating culture, I could not imagine a better place for us to be situated than in Rosebank, a few…

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Absa Group confirms the departure of CEO Daniel Mminele

SOUTH AFRICA – Absa Group’s chief executive officer Daniel Mminele is set to step down just 16 months in the position. The financial services group has officially confirmed. Daniel Mminele was Absa Bank first black Chief Executive Officer. Confirming the reports, Absa bank announced, through the Johannesburg Stock Exchange  sent statement, that it was working on a separation agreement with group chief executive Daniel Mminele. The bank said: “In response to press speculation, shareholders are advised that the boards of directors of Absa Group and Absa Bank (“Boards”) and their…

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