Malawi’s NBS Bank launches ecommerce platform and online payment gateway with Network International

NBS Bank, a leading commercial bank in Malawi, launches its state of the art e-commerce platform, powered by Network International, the leading enabler of digital commerce across Africa and the Middle East.

Africa Free Trade Agreement: President Adesina receives award for strong leadership and support

African Development Bank (www.AfDB.org) President Akinwumi A. Adesina and 10 African Heads of State and Government were on Friday honoured  for their leadership in the African Continental Free Trade Area (AfCFTA) process.

Verdant Capital bags Independent Advisory Firm of the Year at 2020 Africa Global Funds Awards

Africa Global Funds, the leading industry journal covering private equity and other asset classes across Africa, awarded this accolade to Verdant Capital in recognition of the firm’s major transaction volumes in 2020 across M&A and private credit and across the Continent. Geographically, Verdant Capital completed transactions in South Africa, Uganda, Kenya, Ghana, Namibia with buyers and investors from the US, Switzerland, Germany, the UK, Japan, the Netherlands, Belgium, the Baltics, South Africa, and Nigeria.

FIFA President supports African football’s restart in Cameroon

FIFA President Gianni Infantino concluded a two-day trip to Cameroon, where he has met with dignitaries of the country and key officials from the Confederation of African Football (CAF) and the Cameroonian Football Association (Fecafoot). The trip coincided with the start of the African Nations Championship (CHAN), which is being hosted in three Cameroon cities from 16 January until 7 February 2021.

Heirs Holdings Acquires 45% of OML 17 from Shell, Total and ENI

Heirs Holdings, the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings and Transcorp), from the Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and ENI. In addition, TNOG Oil and Gas Limited will have sole operatorship of the asset.

Insight Redefini Appoints Sinmisola Hughes-Obisesan as Group Creative Director

Insight Redefini Group, a member of Troyka Holdings has deployed Sinmisola Hughes-Obisesan to the role of Group Creative Director Insight Redefini, in furtherance of its Power of One initiative.

2021 Edelman Trust Barometer Reveals a Rampant Infodemic is Fueling Widespread Mistrust of Societal Leaders

The 2021 Edelman Trust Barometer has uncovered a “global infodemic” in which people no longer know where or who to turn to for reliable information.

Google Finally Completes Acquisition of Fitbit

Google has finally completed its acquisition of health wearables company Fitbit. The news was announced yesterday in complementary statements from Fitbit cofounder and (now previous) CEO James Park and Rick Osterloh, Google's SVP of devices and services.

Understanding Private Equity and Alternative Investments - FBNQuest

Although there are a variety of options for raising capital and attracting investors, equity is one of the two most sort-after options. It allows a company to give a share of ownership of its business to an investor in expectation of a return as the business grows. Unlike public equity (stock market) with ownership of shares in a public company, private equity (PE) simply means ownership of shares in a private company.

Burna Boy and Diamond Platnumz Lead the Pack in Mama Kampala 2021’s Second List of Nominees With Three Nods Each

The second list of nominees for the upcoming MTV Africa Music Awards Kampala 2021 (MAMA) on 20 February spotlights Nigeria’s Burna Boy and Tanzania’s Diamond Platnumz who top the list with three nominations each. Five talented African musicians – Innoss’B, Master KG, Nomcebo Zikode, Simi, and Wizkid – also topped the second nominees list with two awards each.

Chappal Appoints Ufoma Joseph Immanuel as Managing Director

Ufoma Joseph Immanuel has been appointed as the Managing Director of Chappal Petroleum Development Company ‘Chappal’, effective January 2021. Ufoma is also one of the founding partners of Chappal, an ESG focused energy independent established to extract deep value from distressed brownfield Upstream opportunities in the Niger Delta region of Nigeria.

Mouka Donates to NAFRC Training Centre for Ex-Service Military Personnel, Ensures Continuous Support

Mouka made a wholesome donation of 10 professional computer systems to the Nigerian Armed Force Resettlement Centre (NAFRC). This was to support the centre's vision of becoming a world-class training institution for ex-servicemen and women who have made the nation proud in their duties as military officers while in active service.

Raspberry Pi-powered Robotics Kit makes its entrance at Consumer Electronics Show

Already billed as one of the “coolest” new computer devices of last year by Microsoft’s Jeff Teper, the pi-top [4] Robotics Kit will be officially launched on Monday at the first-ever virtual edition of CES.

Pfizer appoints Patrick van der Loo as Regional President for Africa and the Middle East

Pfizer has announced the appointment of Patrick van der Loo as Regional President for Africa and the Middle East (AfME) region. Patrick's Pfizer experience spans more than 20 years in leadership roles with multiple successes across geographies. In his new role as Regional President for AfME, Patrick will lead commercial operations to bring scientific breakthroughs in vaccines, oncology, rare diseases, internal medicine, hospitals, and inflammation & immunology, to serve patients.

Reconnect with the world in 2021 with Emirates’ special fares

Emirates is launching its much-awaited global sale to inspire and enable Nigerians to reconnect with family and friends as well as explore new destinations in the new year.

Alfred Olajide Named as new Managing Director of Coca-Cola Nigeria

The Coca-Cola Company has announced the appointment of Alfred Olajide as the new Vice President and Managing Director for its Nigeria operations following the global reorganization of the company’s leadership structure.

TAJBank Drives Educational Infrastructural Development in Akwa Ibom

… Minister of Niger Delta Affairs Urges Bank to Open Branch in Uyo

TAJBank, Nigeria’s most innovative Bank has reiterated its commitment to contributing its quota to the growth and development of the Nigerian education sector.

Tolaram Group Receives 2020 ADVAN ‘Community Hero’ Award

Tolaram Group, promoters of Indomie Noodles, Power Oil, Hypo, Kelloggs, Dano, Colgate, and other household brands in Nigeria has received the Community Hero Award at the Advertising Association of Nigeria Awards for Excellence 2020, popularly known as the ADVAN Awards.

LASUTH Re-emphasizes COVID-19 Second Wave

...debunks Myth that the Pandemic is Over

It has been clear for some weeks that Nigeria is experiencing the second wave of the COVID-19 outbreak. There has been a rapid and steady rise in the number of positive cases reported daily as well as a rise in the positivity rate. The positivity rate rose from an average of about 8% in November and presently stands at an average of 28%.

FCMB Appoints Yemisi Edun as acting CEO, Replacing Embattled Adam Nuru

The Management and Board of First City Monument Bank (FCMB) Plc, has named Yemisi Edun as acting Chief Executive Officer of the bank.

Tony Elumelu Foundation Entrepreneurship Programme Now Open For 2021 Application

The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, has opened applications on its TEFConnect digital platform.

Qualcomm Appoints Cristiano Amon As Chief Executive Officer-Elect

...Steve Mollenkopf Takes A Bow as CEO After 26 Years at the Company

The world’s biggest supplier of mobile phone chips Qualcomm on Tuesday announced president and chip division head, Cristiano Amon, as its new chief executive officer.

Onyema becomes Group CEO of Nigerian Exchange Group as Popoola emerges Exchange Limited’s CEO

The National Council of the Nigerian Stock Exchange has announced the completion of the ongoing demutualization and the appointment of Oscar Onyema as the new Group Chief Executive Officer, Nigerian Exchange Group Plc. Temi Popoola and Tinuade Awe also emerged as CEOs of Nigerian Exchange Limited and NGX Regulation Limited respectively.

Nneka Onyeali-Ikpe Resumes As Fidelity Bank CEO

Mrs Nneka Onyeali-Ikpe has assumed her role as the new Fidelity Bank CEO, taking over from Mr Nnamdi Okonkwo who retired in 2020. She becomes the first female executive to lead the bank.

Siemens Gamesa seals its first wind farm project in Ethiopia, expanding its leadership in Africa

...100 MW wind farm will help power over 400,000 Ethiopian households

The company will deliver 29 SG 3.4-132 wind turbines to state-owned utility Ethiopian Electric Power (EEP) for the Assela project; the 100 MW wind farm will help power over 400,000 Ethiopian households; the wind farm is set to be commissioned by Spring 2023, and will save more than 260,000 tons of CO2 emissions per year.

Universal Music Group announces Strategic Leadership Appointments within Africa

Universal Music Group (UMG), the world leader in music entertainment, today strengthened its position as the leading music company in Africa by announcing a strategic expansion of its Sub-Saharan Africa leadership team. These appointments underscore UMG’s ongoing commitment to support and grow Africa’s domestic music ecosystems, while also creating new opportunities for African talent to reach new audiences globally.