Ericsson Appoints Todd Ashton as Vice President and Head of Ericsson South & East Africa

: Ericsson (NASDAQ:ERIC) announces the appointment of Todd Ashton as the Vice President and Head of Ericsson South & East Africa within Market Area Middle East and Africa. Prior to assuming his current role, Ashton served as the Head of Ericsson Malaysia, Sri Lanka and Bangladesh and Global Customer Unit Axiata within Ericsson in Market Area South East Asia Oceania & India. Fadi Pharaon, President of Ericsson Middle East and Africa, said: “We are committed to our customers’ success in Africa while also building a strong position in the continent…

KICD, Startimes To Give Students Access To Online Learning

The Kenya Institute of Curriculum Development (KICD) has partnered with StarTimes Kenya, a digital television provider to help students in both primary and secondary levels in the country access interactive education content. As the country battles with the Coronavirus pandemic, the Institute has been enhancing its coverage of the interactive radio and television lessons through various online platforms to students who are staying at home following the temporary closure of schools for containment of the virus. KICD Council Chairperson, Dr. Sara Ruto welcomed the partnership engagement, acknowledging that the Institute…

MacCoffee appreciates front line health workers at MP Shah Hospital

The health workers were gifted with various MacCoffee products and a bouquet of flowers to appreciate the role played by health workers and other caregivers in the management of the pandemic.   By Dennis Muritu MacCoffee in partnership with Hindu Council of Kenya led their teams in appreciating the medical workers at the MP SHAH Hospital. The health workers were gifted with various MacCoffee products and a bouquet of flowers to appreciate the role played by health workers and other caregivers in the management of the pandemic. Speaking at the…

Bitcoin Donation Campaign To Support Charities in Africa’s Response To COVID-19

In 2017, Paxful launched the #BuiltWithBitcoin charitable initiative to show that bitcoin can help people around the world. With the goal to build 100 schools, water wells, and community gardens for sustainable agriculture funded entirely by bitcoin, the initiative showcases the capability of charity and philanthropy within the crypto industry. They are expanding the initiative with the launch of the Africa Fund, which aims to use bitcoin donations to purchase Personal Protective Equipment (PPE), food packs, and even provide high-risk individuals with groceries and handwashing stations. With COVID-19 on the…

CIC ranks first as Cytonn MMF register highest growth in the category

CIC Asset Managers has been ranked in the first position in the total market value of the investments that the firm manages on behalf of its clients (Total Assets Under Management). This is according to the Quarterly Statistical Bulletin for the quarter ended March 2020 from Capital Markets regulator Capital Markets Authority (CMA) CMA highlighted Cytonn Money Market Fund (CMMF) as the fastest-growing Unit Trust Scheme when looking at Assets Under Management (AUM). CIC Asset Managers remains the largest overall Unit Trust Fund Manager with an AUM of Kshs 29.7 bn in…

Urgent Appeal to International Community to Support African Travel and Tourism Sector

Five international air transport and tourism bodies have launched an appeal to international financial institutions, country development partners and international donors to support Africa’s Travel & Tourism sector which employs some 24.6 million people on the African continent. Without urgent funding, the COVID-19 crisis could see a collapse of the sector in Africa, taking with it millions of jobs. The sector contributes $169 billion to Africa’s economy combined, representing 7.1% of the continent’s GDP. The request is being made by the International Air Transport Association (IATA), the UN World Tourism…

American, African Oil and Gas Players propose regulatory measures to ensure sustainability

These measures are intended to mitigate the expected loss of jobs and abandonment of erstwhile viable projects in the African oil and gas sector in the face of a global recession. In response to the current global COVID-19 pandemic and the associated crash in the price of oil, the African Energy Chamber (AEC) (www.EnergyChamber.org) and the IAGC have proposed a number of mitigating measures on behalf of the oil and gas industry. These measures are intended to mitigate the expected loss of jobs and abandonment of erstwhile viable projects in…

How Africa Can Make a Comeback from the Oil & Gas Downturn

Stunning drops in crude oil prices the result of COVID-19-related declines in demand and an oil price war between Saudi Arabia and Russia have been taking their toll around the globe this spring. For Africa’s oil-producing countries, where crude oil exports make up a large portion of their revenue, the situation is especially dire. In Nigeria, for example, Finance Minister Zainab Ahmed recently warned of an imminent recession and requested billions of dollars in international emergency funding. As of the second week of April, national oil production in Angola was…

PRESS RELEASE The Ministry of Mines and Hydrocarbons pushes for Financing for Investment Projects post COVID-19

As African markets take the hit of the economic crisis caused by the COVID-19 pandemic, the Ministry of Mines and Hydrocarbons is pushing for the mobilisation of African capital to finance the recovery of the continent’s economies. In order advance the Year of Investment 2020 projects and have them backed by credible African investors, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, held a working meeting yesterday with senior representatives of the Development Bank of the Central African States (BDEAC). The BDEAC delegation was headed…

Africa plans to implement a return-to-play strategy

The Rugby Africa President encourages and prioritizes the health and well-being of all the players, partners and fans across the continent. While Rugby Africa’s activities and competitions remain suspended until further notice, Rugby Africa Executive Committee has tasked the Rugby Committee to continue the consultation with the unions as they monitor the easing or continuation of lock down measures over the continent. Alternatives and more detailed options will then be reviewed on the 28th of May. Rugby Africa Executive Committee (www.RugbyAfrique.com) held an online meeting on Thursday April 23, 2020. Following…