Obafemi Banigbe appointed as new CEO of 9mobile

Today’s Menu ☕️

📱Obafemi Banigbe appointed as new CEO of 9mobile
📲 M-Pesa and Dahabshiil join forces to capture Ethiopian remittance market
📚 Egyptian edtech platform, El Kheta, secures $400K investment from EdVentures
🧑🏽‍🌾 ADB Grants $17 Million to Empower Women in Mauritanian Agriculture
📱 Telecom Egypt and 4iG Group forge $600 million partnership for advanced fibre network development

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📱TELECOMS

Obafemi Banigbe appointed as new CEO of 9mobile

Emerging Markets Telecommunication Services Limited (EMTS), operating as 9mobile, has appointed Obafemi Banigbe as its new Chief Executive Officer. This move represents a significant milestone in the company’s ongoing transformation efforts. Banigbe replaces Juergen Peschel, the outgoing CEO, who will remain involved as a Consultant to aid the transition.

Banigbe brings extensive experience at the executive level, with a deep understanding of the African business landscape. His career began at Celtel, now Airtel Nigeria, where he served as the Director of Operations. He also held key roles at Ericsson, including Network Support Group Manager for Access and Transport Networks. His tenure at Millicom Ghana as Chief Operations Officer included a period as Interim CEO, as well as Chief Technical Officer roles in Ghana and Tanzania.

His international experience spans the United States and several African countries. Before joining 9mobile, Banigbe co-founded Silver Rock Technology Services Ghana, a strategic advisory firm in the Telecom, Media, and Technology sectors. He also served as a Non-Executive Director at Amplitude Telecoms and was an Advisory Board member for Telecel Group, playing a key role in their acquisition of Vodafone Ghana......…....continue reading

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📲 REMITTANCES

M-Pesa and Dahabshiil join forces to capture Ethiopian remittance market

Ethiopians residing overseas have been provided with a new, streamlined method for sending remittances back home, thanks to a recent agreement between M-Pesa and the international money transfer company Dahabshiil, signed in Addis Ababa.

This collaboration offers the Ethiopian diaspora a more convenient and immediate way to transfer funds directly to M-Pesa digital wallets in Ethiopia. Dahabshiil, a company with nearly half a century of experience in facilitating cross-border money transfers, has established a significant global footprint, operating in over 100 countries.

By integrating with M-Pesa’s robust financial platform, Dahabshiil aims to further cement its role as a leading remittance provider in Ethiopia. Musse Mohamed, Dahabshiil’s country representative for Ethiopia, expressed enthusiasm about the partnership with Safaricom’s M-Pesa Ethiopia, highlighting the added convenience for diaspora customers to support their families back home....…....continue reading

📚 EDUCATION

Egyptian edtech platform, El Kheta, secures $400K investment from EdVentures

El Kheta, an Egyptian online educational platform, has successfully secured a significant investment of US$400,000. This financial boost was provided by EdVentures, the corporate venture capital division of the esteemed Nahdet Misr Group. Notably, EdVentures stands out as the pioneering venture capital firm in the Middle East with a dedicated focus on the educational technology (ed-tech) sector.

As a cutting-edge educational platform, El Kheta is committed to enhancing the learning experience for school students across Egypt. The platform is designed to offer supplementary lessons that align with the new Egyptian educational curricula. By providing a wealth of exercises and examination materials, El Kheta aims to bolster students’ academic prowess and steer them towards scholastic success.

What sets El Kheta apart is its personalized approach to education. Students have the liberty to select curricula that resonate with their academic goals and craft a study schedule that accommodates their individual learning preferences. This tailored and adaptable educational journey is a cornerstone of El Kheta’s mission..…....continue reading

📱TELECOMS

Telecom Egypt and 4iG Group forge $600 million partnership for advanced fibre network development

Telecom Egypt has recently signed a memorandum of understanding (MoU) with 4iG Group, a Hungarian IT solutions company, to create a joint venture (JV) with the ambitious goal of constructing a state-of-the-art fibre network. This network is expected to provide high-speed internet access to six million households.

The initiative is set to attract a substantial investment of $600 million over the next ten years. The primary objective of the project is to establish, manage, and market a fibre-optic infrastructure dedicated to wholesale operations within Egypt. The infrastructure will facilitate high-speed internet connections directly to homes (FTTH) and businesses (FTTS)..…....continue reading

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🧑🏽‍🌾 AGRICULTURE

ADB Grants $17 Million to Empower Women in Mauritanian Agriculture

The African Development Bank (ADB) Group Board of Directors has approved a $17 million grant to the Islamic Republic of Mauritania for the Project for Promotion of Gender-Sensitive Agricultural Value Chains and Women’s Entrepreneurship (PCVASGEF)

Funded under the Global Agriculture and Food Security Programme (GAFSP), this project aims to boost women’s income and support female entrepreneurship in Mauritania by increasing productivity and adding value to agricultural products. It is part of the Programme to Support Agricultural Transformation in Mauritania, which focuses on climate change adaptation and inclusion......…....continue reading

 OTHER STORIES

• MIGA backs Nuru’s Eastern DRC solar projects with $50.3 million guarantee…..read more

• Kenya’s Copia Global opts for liquidation following administration entry……read more

• Cybersecurity breach at South African lab service jeopardizes national healthcare…… read more

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