Meet Nomsa Chabeli; she is a leading black marketing executive who recently got appointed as the head of South Africa’s state broadcaster, SABC. With a career spanning over two decades, she has occupied several positions in different organizations. One such organization is multi-nationals MTN and MultiChoice, all headquartered in South Africa. She served as brand manager at MTN and was the General Manager of Marketing at the MultiChoice Group, serving as marketing director of SuperSport and later for DStv. Aside from these companies, she has also worked at SAB, Brand South Africa, GCIS, and Edcon, according to my broadband. At…
Author: Johnson Akinyi
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The current state of human development in Nigeria’s digital economy was the front burner of the panel discussion held at the 2023 Digital Nigeria International Conference in Abuja where stakeholders in the public and private sectors gathered to discuss the theme – “Harnessing Digital Technologies for Job Creation, Inclusive Economic Growth and Sustainability.” Speaking on Nigeria’s human capital challenges, Ruby Igwe, ALX Nigeria‘s Country General Manager said, “There is so much to do, but rather than see the current situation as a challenge, it should be viewed as an opportunity. At ALX we have been able to identify that though…
In a historic decision, the South African Parliament has approved a motion calling for the closure of the Israeli embassy in Pretoria. The motion, which garnered widespread support, was met with emotional outbursts from some members of parliament who chanted “free free Palestine” as they celebrated the decision.The motion to shut down the Israeli embassy was passed by an overwhelming majority, with 186 votes in favor and 8 votes against. This move signifies a significant shift in South Africa’s foreign policy towards the Israel-Palestine conflict.The decision to close the embassy was not without its critics, with opponents arguing that it…
The Bini massacre of 1897 is one of the numerous evidence to the shameful intentions and actions of colonialism. Critics and historians alike often use the activities of the British government in the Bini kingdom to portray the true reasons behind colonization.Contrary to what is generally portrayed, the colonial masters did not develop Africa or save the continent from destroying itself; rather, they exploited and destroyed it.After the Berlin Conference that took place from 15 Nov 1884 to 26 Feb 1885, where the erstwhile western superpowers divided the African continent for exploitation, West Africa was offered to Britain. By 1895,…
Nairobi, Kenya, Oslo, Norway 7th September 2023 – “Africa has the potential to become a world leader in renewables and green growth”. ‘Kenya’s President Ruto’s´ message to the 2023 African Climate Summit (ACS), echoed by African Union Heads of State and UN Secretary-General Guterres’, calling for the immediate creation of Institutional Investor-Public Partnerships (IIPPs) to invest at scale and establish leading green industries, adding value to Africa’s mineral wealth and capturing an outsized share of the $10trn per annum and growing global green industrial economy. Africa Investor CEO and Chairman of the Just Transition Investor Alliance (JTIA), Dr. Hubert Danso,…
The Kenyan government has announced plans to increase public spending, despite President William Ruto’s previous promises to slash spending and borrowing amidst growing debt levels in the East African country.Last week, Kenya’s finance minister, Njuguna Ndung’u (pictured above about to deliver his budget speech in June), asked the National Assembly to increase the country’s budget by over 5% to KSh3.93 trillion ($26bn).This mini-budget comes at a time when higher interest rates globally are making it more expensive for Kenya to service its external debt, which stood at around $35.05bn in April this year. A weakening Kenyan shilling – which has…
These are tough days for Africa’s second-largest economy, as it lurches towards elections next year. On 27 April, South Africa will celebrate 30 years of democracy – a story that began with so much hope as the country’s first elected president, Nelson Mandela – affectionately known as Madiba – charmed the world. Investors queued up and the government unshackled South African markets for prosperous times ahead. That tale is unravelling three decades later as politicians wrangle amid the ruins of a declining economy.When you hear that one of the country’s biggest investors and Afro-optimists, Fred Robertson, is a bit downcast,…
Guaranty Trust Holding Company (GTCO) netted N367.4 billion for the first nine months of the year, its biggest after-tax profit on record, according to its earnings report published Tuesday. The group outperformed the figure for the same period of 2022 by 181.9 per cent. The strong result already puts in the shade the entire net profit of Nigeria’s biggest bank by market value for last year, when just N169.2 billion was recorded, and sets it on track for a more vibrant earnings performance when 2023 winds down. An overhaul of Nigeria’s foreign exchange system, weakening the naira by 40 per…
New York, 20th September 2023 – Africa investor (Ai) participated in the 78th session of the UN General Assembly (UNGA) attended by over 130 heads of state and government and the UN Climate Week activities, under the theme ‘We Can. We Will.’ This year’s Climate Week was bigger than 2022, which was the most impactful, ambitious, and far-reaching one to date, with institutional investors, heads of state and governments, business leaders, policy change makers, local decision takers, and civil society representatives using the week as a rallying call to triple clean investments, find new solutions, take concrete action, explore new opportunities and…
In response to the prevailing economic situation in the country, Kingsley Moghalu, former deputy president of the Central Bank of Nigeria (CBN), has called for a 50 percent reduction in the salaries, allowances, and other emoluments of political officeholders and members of the National Assembly (NASS). The presidential candidate of the Young Progressives Party (YPP) in the 2019 presidential election made this suggestion during his appearance on Channels Television’s Politics Today programme on Monday. He argued that, despite the economic difficulties brought about by the removal of petroleum subsidies, Nigeria’s political leadership and appointees continue to build a culture of…