10 Apr

Barclays Africa to Split Into Four Units in Growth Strategy

Barclays Africa Group Ltd., South Africa’s third-biggest bank, will split into four operating units as the lender outlines its growth strategy after the sale by its U.K. parent.

The Johannesburg-based firm will separate retail and business banking, investment banking, wealth and insurance, and its operations in the rest of Africa, it said in a statement on Monday.

Deputy Chief Executive Officer David Hodnett, who became finance director in 2010, will take a two-month sabbatical, while Arrie Rautenbach will become head of retail and business banking in South Africa.

Barclays Africa is separating its business from its U.K. parent in a process that started in 2016 and is due to be completed in early 2021.

The London-based bank paid 765 million pounds ($1.1 billion) for the split and the deal has allowed Barclays Africa to set out its own strategy for growth in South Africa and on the rest of the continent where it has operations in more than 10 countries.

Yasmin Masithela, former head of compliance, will become chief executive of strategic services, responsible for digital strategy, group strategy and the bank’s separation from its British parent.

Bongiwe Gangeni will head the lender’s private and business banking, and will become deputy chief executive of retail and business banking in South Africa. Charles Russon will take on the role of chief technology officer, while August Van Heerden will become chief risk officer and part of the executive committee.

Barclays Africa plans to double in size and capture at least 12 percent of banking revenues across the continent.

CEO Maria Ramos said in March she will consider acquisitions to support the company’s growth, explore strategic partnerships and new markets, and use technology to make the lender’s operations fully digitized.

To do this, Ramos said it would create a consumer-finance business across Africa, build a payments hub and boost its transaction banking platform.

To read the full article, click here.

02 Oct

Stratcomm Africa CEO wins Female Business Leadership Award

Ms Esther A. N. Cobbah, the Chief Executive Officer of Stratcomm Africa, has received a Female Business Leadership Award at this year’s International Summit on African Leadership which took place at New York Hilton Midtown in the United States of America.
The award was in recognition of her leadership qualities in growing Stratcomm Africa to become an internationally recognized brand.

A statement issued by Stratcomm Africa and copied to the Ghana News Agency said the summit, which focused on gender and sustainability this year, was held during the period of the UN General Assembly and was attended by the President of Mauritius, Madam Ameenah Gurib who delivered the Keynote address, as well as the following First Ladies: Madam Reema Carmona, First Lady, Republic of Trinidad and Tobago, Madam Dominique Ouattara, First Lady, Republic of Ivory Coast, Madam Lorena Castillo de Varela, First Lady, Republic of Panama, Madam Roman Tesfaye, First Lady, Federal Democratic Republic of Ethiopia and Madam Sandra Granger , First Lady, Cooperative Republic of Guyana
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The statement said a session was held with the First Ladies, titled First Ladies on a Mission, under the theme, ‘The Role of Women Leaders in Delivering SDGs: Best Practices’.
It said leadership awards were presented to the President of Mauritius as well as the First Ladies and a number of other persons.

The statement said female executives from various global organisations, such as the MetLife Insurance Company, New York, USA, Intel Corporation, Business and Development Solutions, South Africa TBC and Vodafone Ghana’s Yolanda Cuba, also spoke on topics such as Gender Diversity in Corporate Boards and Triple Bottom Line Sustainability, The Intersection Between Gender Diversity, Innovation and Economic Sustainability.
Ms Cobbah said: “this Award goes to Stratcomm Africa staff as there cannot be a leader without a team. I hope it inspires us to aim for new heights in our quest to be the go-to communications company on the African continent.

Read more: Stratcomm Africa CEO wins Female Business Leadership Award

28 Jun

The future of tech is in ‘cities across Africa,’ says this start-up CEO

Silicon Valley’s days leading the tech revolution may be coming to an end, according to one optimistic observer who believes the future of technology lies much further abroad than San Francisco.

The future of tech “will be written in Lagos, Nairobi, Kampala and cities across Africa,” Jeremy Johnson the CEO and founder of Andela told CNBC. “We believe that Africa is going to emerge as a very significant player in the global tech scene,” he said.

Andela connects Africa’s top 2 percent of developers with jobs at companies globally. “We created a platform that enables the best and brightest to basically scale their abilities as technologists, and in the process … also solve the problem that many companies around the world are facing, and that’s just a shortage of technical talent,” said Johnson

Read more: The future of tech is in ‘cities across Africa,’ says this start-up CEO