Africa-news

Africa-news (598)

Deloitte Africa CEO Lwazi Bam will step down after ten years in May 2022. The accounting giant announced on Monday that it has identified Ruwayda Redfearn as the incoming CEO to succeed Bam from 1 June 2022.

Interest rates in South Africa are poised for lift-off, but the South African Reserve Bank (Sarb) is reticent to provide guidance.

Tanzania's central bank has placed a 10-year limit on the tenure of chief executives officers of banks and banned elected officials from serving on the boards of financial institutions.

Key South African government ministers have reached a broad agreement to sell some of the state power utility’s coal-fired power plants to help reduce its debt burden, Finance Minister Enoch Godongwana said.

 Zimbabwe fast-food giant Simbisa Brands, which owns the Chicken Inn and Pizza Inn brands has launched its payment platform, Innbucks, as part of a wider strategy to leverage technology to improve efficiencies and drive growth in the business.

The government has committed to avoid further bailouts of state-owned enterprises (SOEs) over the next three years and confirmed it will “let go” of some SOEs that are no longer considered strategically relevant.

MultiChoice Group, the parent of brands such as DStv and SuperSport, has eked out a 5% improvement in subscribers from a year ago, with most of that growth coming from outside South Africa. The figure for South Africa was just 2%.

Eskom CEO André de Ruyter is going nowhere. The board has not discussed his resignation with him and he will not hand it in of his own accord.

The European Union plans to introduce carbon emission taxation will hurt African economies significantly and unfairly, the African Climate Foundation Council Member, Prof. Carlos Lopes has warned.

Vivo Energy, the owner of the Shell and Engen brands in 23 African countries, has named TotalEnergies executive Stanislas Mittelman as CEO designate.

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