Nvidia CEO Jensen Huang resigns after mounting controversy over reports of extramarital affairs, including one with a suspected Chinese spy https://t.co/pF81KuSd6R
Being an Executive is not a title someone puts you on, it is the mindset you cultivate , the rooms you enter , the ideas you contribute and responsibility you learn to carry
📍🇳🇦
Aliko Dangote has broken ground on a new fuel depot in Walvis Bay, Namibia, as part of a US$2.5 billion project to make fuel distribution across the region more efficient.
The project includes a 600-million-litre storage facility and a planned 1,700km pipeline across SADC.
Dangote says it will be completed within 18–20 months.
“We want to heavily invest so that most of the landlocked countries will be able to access petroleum products at a cheaper price”
Rethink corporate gifting, give something meaningful, something handmade 😊
Introducing this beautiful crochet bag, your perfect office-to-travel bag, thoughtfully designed with customizable teak handles, that give it a distinctive elegant finish.
It’s practical enough to accompany you to the office, a business meeting or as carry on luggage on that trip.
Now imagine gifting this to your valued clients, employees, business partners or conference delegates. It will be a beautiful expression of appreciation that goes beyond the ordinary generic gifts.
Order yours today on WhatsApp +263773972003
#handmadegifts
#corporategift
Put your skills to work for Africa’s urban future.
Apply for the ASCIS Fellowship Programme, with tracks in partnerships, digital engagement, programmes & communications, and research.
Deadline: 16 November 2026
Apply: https://t.co/Odz3Guxcvy
#ASCIS
If I were to define the one character trait that makes most entrepreneurs successful it would be their ability to to have a healthy relationship with pain ( Mark Sham)
@matigary To add Most pple don’t appreciate the effort it takes to create something of value for others because most pple only know how to consume- Mark Sham
Michael Joseph is generally accepted as the father of mobile money - MPesa, Ecocash, Airtel Money, MTN MoMo etc
He was the CEO of Safaricom.
Joseph himself says he isn’t the father of mobile money, but the mother. He credits the mobile money idea to Nick Hughes, a Vodafone executive whom he says was the mobile money inventor.
Joseph navigated powerful banking cartels and skeptical politicians in Kenya who didn’t like the ideal of a mobile phone company providing banking services. They sponsored lawsuits designed to shut down MPESA and called it a Ponzi scheme.
In 2008, then acting Minister of finance John Michuki ordered the national treasury and central bank of Kenya to aggressively audit it. “I will investigate the matter and it will not end well”, he famously said.
To navigate the oncoming shut down, Joseph sought a meeting with the minister. He tried a technical presentation of the software and trust accounts set up. After realizing the minister was not convinced, he pulled out his phone in the minister’s presence, The minister had a foreman at his farm in Nyandarua mountains north of Nairobi. Joseph initiated a live MPesa transfer of money to the minister’s farm foreman. The foreman at the rural farm up the mountains called Michuki’s office to confirm he had received the funds instantly. That live demo softened the minister’s stance.
Zimbabwe caught up 3 years later to the Kenyan bandwagon but somewhat faced the same nightmares as MPESA
Contrary to popular opinion, the mobile network that started mobile money in Zimbabwe wasn’t Econet. It was Netone. On 1 January 2011, the @RewardKangai led Netone launched OneWallet, a P2P service similar to MPesa.
Econet launched @EcoCashZW 9 months later on 29 September 2011.
These launches were not without serious headaches. They followed the same trajectory as in Kenya.
Because of Zimbabwe’s dollarisation and change problems in 2011, mobile money grew faster than anywhere in the world. This spooked banks who made a major pushback against the innovation - using the Bankers Association of Zimbabwe to lean on the RBZ to nudge mobile money out.
Munyaradzi Kereke, then Gono’s special assistant even wrote a paper claiming that Ecocash was going to used by Strive Masiyiwa to distribute money to far flung rural areas to get Tsvangirai’s part (at that time it wasn’t in opposition as it was in the GNU) to win the 2013 elections.
The fight was a bitter infrastructure and political feud, with banks seeking to get mobile money shut down. Later banks demanded access to Ecocash USSD infrastructure, which Econet initially refused to share.
The first bank to actually adopt Ecocash in a manner that forced other bank’s hands was CBZ. It was also around that time that Econet acquired a 45% stake in TN Bank which was later rebranded Steward Bank. Econet gave USSD access in a discriminatory fashion causing the banks to launch lawsuits against Econet at the Competition & Tariff Commission, accusing Econet of corporate bullying and being an unregulated monopoly.
To navigate the complexity, Ecocash hired an expert from MPesa, Japhet Aritho, a Kenyan who was for a while the COO of Ecocash.
Every innovation you use today didn’t come easy, some people had to fight. Others lost, you probably use it because someone won the fight. Others had sleepless nights trying to keep the innovation alive - never take this for granted.
Ralph Mupita runs MTN, Africa's biggest mobile phone company. In 2024, MTN lost R10.9 billion. One year later, it made R27.4 billion profit. For that turnaround, Mupita earned R99.3 million ($5.5 million), a 53% pay rise.
The engineer turned CEO now serves 300 million customers and is investing $1.1 billion in Ghana's digital network. His personal fortune sits around $14–15 million.
Sharp mind, steady hands, big results, engineering thinking at work in a struggling business.— Africa Giant
HAPPENING TODAY
Health. Gender. Climate.
The Health, Gender & Climate Nexus in Africa, with @AfricaHTSummit & Dala Africa Group.
🕐 1PM GMT | 3PM CAT
Powered by @arin_africa & #MansaAfrica
Register: https://t.co/gpM0EkllQW
#ASCIS2026