Author: Jack Oduor

Experienced Editor with a demonstrated history of working in the media and video production industry. Skilled in Breaking News, Media Relations, Radio, Corporate Communications, and Social Media. Strong media and communication professional with a Diploma In Mass Communication focused in Broadcast Journalism from K.I.M.C.

Airtel Africa CEO

Airtel Africa CEO set to retire, take up advisory role

Tech & Business
  • Airtel Africa CEO Olusegun Ogunsanya has retired and will be replaced by Sunil Taldar, the new Managing Director and CEO.
  • For the six months ending on September 30, the group reported a net loss of $13 million,
  • Mittal further announced Ogunsanya’s post-retirement role as the Airtel Africa Charitable Foundation Chair.

Airtel Africa CEO set to retire

Airtel Africa PLC has announced that Chief Executive Officer Olusegun Ogunsanya will retire on 1 July 2024 and take an advisory role.

Ogunsanya, who joined Airtel in 2012, ran the Nigeria Operations of the Telecommunications and Mobile Money Company for nine years before he was appointed Chief Executive Officer of the Group in 2021.

He led the company to maintain double-digit revenue growth and deliver new products to its customers across the continent.

Building on the work undertaken during his time as CEO, including the launch of the Company’s first Sustainability Strategy, and given …

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Investor Sell-Of in 2023

Kenya’s stock exchange share value sheds US$27 million in one year

Money Deals
  • The Nairobi Securities Exchange (NSE) Share Value dropped from from US$60.3 million in September 2022 to US$33.3 million in September 2023.
  • The NSE 20 Share Index also declined from 1,718 points in September 2022 to 1,508 points recorded in September 2023.
  • Nairobi bourse hit by turbulence as investor sell off persisted in favour of other lucrative markets in the nine months to September 2023.

The Nairobi Securities Exchange took a hit in the past year losing US$26.9 million (KSh4.2 billion) in the value of shares traded to reach US$33.33 million (KSh5.2 billion).

Latest data contained in the Quarterly Gross Domestic Product Report released by Kenya National Bureau of Statistics (KNBS) shows that despite the drop, the number of shares traded recorded a rise.

The review period saw the Nairobi bourse hit by turbulence as investor sell off persisted in favour of other lucrative markets, this saw NSE ranked the worst …

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