JPMorgan Chase CEO Jamie Dimon said that a Labor Department report released Tuesday confirmed that the U.S. economy is slowing down. The department revised lower its nonfarm payrolls data for the year through March 2025 by 911,000 jobs from initial estimates. That was on the high side of Wall Street’s expectations for a downward shift…
MTN Group president and CEO Ralph Mupita. South Africa’s second-largest mobile network operator (MNO) cannot rule out a future deal with another telecoms operator, including Telkom, says MTN Group president and CEO Ralph Mupita. However, Mupita says there are currently no active talks with Telkom, quashing recent media speculation. Shares in Telkom jumped on rumours…
Nvidia CEO Jensen Huang. Kent Nishimura/Reuters Nvidia CEO Jensen Huang on Wednesday dismissed concern about an end to a spending boom on artificial intelligence chips, projecting opportunities will expand into a multitrillion-dollar market over the next five years. Huang sought to reassure investors rattled by indications of slowing growth at the chip maker at the…
Datatec CEO Jens Montanana. Datatec CEO Jens Montanana has increased his stake in the company to R2.5 billion through incremental share purchases, underscoring his confidence in the ICT distribution group. Before his latest share purchase yesterday, Montanana was already Datatec’s largest shareholder, surpassing the Public Investment Corporation (PIC), which is Africa’s biggest investment manager, with…
Maziv, the company that owns Vumatel and Dark Fibre Africa, plans to spend R12-billion over the next five years as its ramps its deployment of fibre infrastructure across South Africa. Poised for a big injection of cash and assets from Vodacom, which is buying a 30% co-controlling stake in the business, it has unveiled big…
Addis Ababa — Habitat for Humanity International has affirmed Ethiopia’s potential to be a model in unlocking its enormous housing assets and opportunities across Africa. Habitat for Humanity International CEO Jonathan Reckford, who attended the high-level Panel Discussion on Housing in Ethiopia and across Africa this week in Addis Ababa, told ENA that Africa is…
Cheapside, London — Dean Adansi, Chief Executive Officer of Ghana International Bank (GHIB), has unveiled a financing blueprint aimed at breaking Africa’s dependence on raw commodity exports and driving investment into local value addition. Speaking to the BBC on the sidelines of GHIB CONVERGE 2025 in London, Adansi argued that Africa is losing billions of…
Incoming MTN South Africa CEO Ferdi Moolman Charles Molapisi is stepping down as CEO of MTN South Africa, and is being replaced in the role by Ferdi Moolman, who was a key driver behind the telecommunications group’s growth in Nigeria, where he was CEO between 2016 and 2021. At the same time, Yolanda Cuba, currently…
Standard Bank Group CEO Sim Tshabalala. Luc Gnago/Reuters Standard Bank Group said on Thursday that its CEO, Sim Tshabalala, would retire towards the end of 2027 in line with its leadership succession planning. The announcement comes after the bank reviewed its retirement age for executives and decided to increase the normal age from 60 to…
Veronica Motloutsi and Alex Opoku-Yeboah, SmartDigital Solutions. SmartDigital Solutions, which positions itself as a leading African digital transformation company, today announced a strategic leadership transition to strengthen its growth and innovation trajectory across the continent. Founder and outgoing Chief Executive Officer, Veronica Motloutsi, will step down as CEO to assume the position of Chairperson of…
