Right Issue to Raise CRDB Bank Profit

CRDB Bank expects another robust performance in the second quarter of the year thanks to a recent expansion drive and business mix portfolio, the bank’s Managing Director, Dr Charles Kimei, has said. CRDB bank posted a net profit of some 37bn/- in the first quarter, while assets climbed to 200bn/- to 4.4tri/-, which was the

Vodacom Tanzania CEO Resigns

The Managing Director of Vodacom Tanzania, Rene Meza, has resigned to pursue other opportunities. Meza, who joined Vodacom Tanzania in 2011, will leave the wireless carrier in September, the Johannesburg-based company said in a statement. He previously worked for Bharti Airtel Ltd in Kenya and for Millicom International Cellular SA. “During his time with Vodacom,

Jumia Appoints Francis DUFAY at the Head of its Subsidiary in Côte d’Ivoire

The e-commerce leader in Africa formalizes the appointment of Francis DUFAY at the head of its subsidiary in Côte d’Ivoire. This announcement follows the appointment of Fatoumata BA with whom Francis DUFAY led JUMIA Côte d’Ivoire since April 2014, to the position of Managing Director at JUMIA Nigeria. Having arrived in April 2014 as Co-Managing

Change of Guard at NMB in Tanzania

The National Microfinance Bank (NMB) Managing Director, Mr Mark Wiessing, completes his tenure as CEO of the firm on February 28, this year, it was announced in Dar es Salaam. NMB Board of Directors Chairman, Professor Joseph Semboja, said Mr Wiessing would be replaced by Ms Ineke Bussemaker. He said Mr Wiessing has been appointed