Inspiring Leadership & Sustainable Business Transformation in Africa
AFRICA – Telecoms company MTN Group, has announced a review of its executive structure as the company gears up to deliver on its Ambition 2025 strategy to transform from a Telco to a TechCo. In line with this strategic shift, the company has appointed Ernst Fonternel into the role of Chief Consumer Officer and Divyesh Joshi into the role of…
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RWANDA – ARISE Integrated Industrial Platforms (ARISE IIP), a developer and operator of world-class industrial ecosystems across Africa, in partnership with the Government of Rwanda, has announced the signing of a framework agreement for the development of an industrial zone in Bugesera District, Rwanda. This agreement, in line with ARISE IIP’s ambition to unlock Africa’s industrial potential, will support the…
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SOUTH AFRICA – The Sanari 3S Growth Fund (Sanari 3SG) from Sanari Capital has just closed its first round of investment at R475 million (US$28 million). To that end, the private equity firm looks primarily to South African firms with regional and global potential for investment. Because of its expertise in investing in founder-run, owner-managed, and family-owned firms, Sanari 3SG…
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KENYA – Ascent Capital, a private equity firm, has raised US$128 million (KSh15.4 billion) in a new fund whose proceeds are to be invested in small and medium-sized enterprises (SMEs) in East Africa. The firm said that its Rift Valley Fund II (ARVF II) exceeded the US$120 million (KSh14.4 billion) target and will be invested in manufacturing, wholesale and retail…
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