(NAIROBI, KENYA) – South Africa’s Vodacom has added two directors to Safaricom’s board in a shake-up that reflects its increased ownership of the Kenyan company. The move follows Vodacom’s acquisition of a 15 percent stake from the Kenyan government. Vodacom appointed Mariam Cassim, its chief executive for financial technology, andContinue Reading
(NAIROBI, KENYA) – Absa Group has signed an agreement to sell its majority shareholding in two Kenyan insurance companies to First Assurance Investments Limited, a company linked to Prime Cabinet Secretary Musalia Mudavadi. The South African banking group announced the sale and purchase agreement on Thursday evening. The deal coversContinue Reading
(LAGOS, Nigeria) – South African commercial interests in Nigeria worth an estimated N20.43 trillion face growing uncertainty as calls for economic retaliation mount over renewed xenophobic attacks on Nigerians living in South Africa. The valuation, drawn from publicly available market capitalisation figures, asset disclosures and property portfolio estimates, covers SouthContinue Reading
