MTN Deploys “First-of-its-Kind” Infrastructure in Uganda

Africa’s leading Telecoms Company MTN has partnered with several members of the Telecom Infra Project (TIP) in Uganda to sign an agreement that will advance network automation in the country and abroad using TIP’s Disaggregated Cell Site Gateway (DCSG). Analysts describe this as the first of its kind network deployment in Africa that will see MTN evolve its Transport Network and turn it into a future-proof asset that will seamlessly enable its network transition to 5G. Transport Network transmits data traffic between points within a network that enable access to the internet.

Ali Monzer, CTIO, MTN Uganda
Ali Monzer, CTIO, MTN Uganda

Through Ambition 2025, MTN’s strategic blueprint, Network-as-a-Service (Naas) is one of five scale platforms for growth that contribute to leading digital solutions for Africa’s progress.

Read also:Ethiopia Opens Process to Sell 40% Stake in Ethio Telecom

DCSGs ultimately provide connectivity between (Mobile sites and Enterprises) and the core network, which is what users’ access to connect to the internet. DCSG at these cell sites will see the hardware and software de-coupled, allowing greater flexibility in upgrading software and configuration.Typically, cell site hardware and software are aggregated, requiring wholesale replacement to upgrade the transport network.

For the Uganda deployment, Aviat will oversee the deployment of this DCSG solution using Network Operating Software (NOS) provided by ADVA, running on Edgecore Hardware.

This solution in Uganda is a flagship development in accelerating connectivity in Africa, by enabling faster network roll-out to expand connectivity, a more stable and quicker network with reduced latency, providing users best-in-class connectivity to the internet.

“We are very excited about the potential of the DCSG solution. It promises to broaden our supplier market, expedite the development of new features, reduce capital expenditure, improve operational efficiencies through easier scalable and more features open networking ecosystem,” says Ali Monzer, CTIO, MTN Uganda.

Read also:Ukheshe Plans to Expand its Payment Solutions to Asia-Pacific

“To advance our service offering to our subscribers we continue to innovate and evolve our networks to support the increasing demand of higher capacity. In collaborating with the TIP community partners, we are not only able to innovate as a community, but also deploy leading technologies such as the DCSG to advance our network automation objectives.”

“This large-scale deployment of the DCSG in MTN Uganda is testament to our commitment to accelerate the automation of MTN’s Transport Network,” says Lloyd Mphahlele, MTN Group General Manager responsible for the Transport Network.

“We are delighted to work with MTN on their network evolution journey. As Aviat, we are committed to bringing innovation and simplicity to MTN’s network. In collaboration with our TIP community partners Adva and Edgecore, the MTN Uganda network will be a showcase operation of an automated, intelligent, and always-on network. A real network of the future” says Peter Smith, CEO of Aviat Networks.

“TIP’s DCSG will accelerate MTN in its evolution towards a more open disaggregated, standard-based transport network that will meet future customer needs and enable a more simplified, scalable, and agile network operating model. This collaboration with MTN is one more example of the role TIP is playing as a vehicle to accelerate testing and deployment of open network solutions in Africa and as a catalyst for innovation. The solution provided by ADVA and Edgecore has gone through a lab validation as part of the TIP process to ensure its maturity,” says David Hutton, TIP’s Chief Engineer.

Read also:Starting With Ethiopia And Tanzania, This Company Is Migrating African Countries To Blockchain Technology

DCSG was developed within TIP’s Open Optical and Packet Transport (OOPT) Project Group. The TIP DCSG solution uses open, standard-based, disaggregated network technologies to target several opportunities in operators’ IP aggregation networks.

These include overall deployment cost reductions and the creation of a more diverse supply chain, as well as operational efficiencies from being able to use Software-Defined Networking (SDN) technologies for network management automation.

MTN announced its collaboration with the TIP community to build transport products and network configurations that enable the company’s ambitions in world-class network capabilities.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Cybersecurity Is More than a Tech Problem – It’s a Business Problem Too

Cybersecurity

A growing number of South African companies are not prepared for the inevitability of a cyberattack despite the significant financial and reputational risks, so says Ryan Mer, MD, eftsure Africa, a Know Your Payee (KYP) platform provider, adding that “Too few senior managers view cybersecurity as a business problem and not just a technology problem.”

“The reality is cybersecurity is very much a business consideration. CEOs and CFOs will eventually face critical questions such as: How much money do we spend on cybersecurity? Do we change key processes? How do we create awareness and change company culture? Do we put security ahead of operational functionality? What is the role of internal processes and staff on data security and integrity?.”

Cybersecurity
Cybersecurity

Read also:Africa’s Business Heroes (ABH) Prize Expands Ecosystem of Partners

Mer adds that because cybersecurity is a business-wide risk it requires more than isolated activities to be addressed. “This is where the role of a Chief Information Security Officer (CISO) is important”.

The CISO, therefore, needs to have technical and security skills and competencies, but equally as important, should understand the finance function, operations of the business, and have the business as well as communication skills to effectively create this span.

While large corporates are more likely to have the resources to fill the CISO role, businesses below the corporate level may not. In such instances, Mer says an outsourced or CISO-as-a-service offering could add immense value.

“Ultimately, and especially in relation to the Protection of Personal Information (POPI) Act, there needs to be a coherent strategy and allocated responsibility in place with respect to cybersecurity, data management, compliance and fraud prevention.”

Read also:Nigeria’s Terragon Verified as Leader in Data and Marketing Technology

He adds that in the absence of commonplace and well-developed CISO roles, it is the CFO who should lead the way in addressing cybersecurity concerns, particularly in smaller organisations.

“It is potentially disastrous for the finance team to be ignorant of cyber risk. Attackers can target many areas of an organisation, but the dangers are usually measured in financial terms: CFOs cannot ignore cybersecurity simply because it is a complex issue outside their area of expertise.”

In addition to having the skills and oversight necessary to take a broad and long-term view of the potential financial impact of an attack, Mer says the CFO is one of the most natural custodians of data, from collection to its ongoing management.

Read also:MTN Partners WhatsApp for Online Payments in South Africa

“Attacks will very often target the finance department and its team members directly, and in many instances may even be perpetrated by or assisted by internal team members, in attempts to steal and defraud the business. CFOs need to ensure their own vulnerabilities are both understood, and urgently addressed.”

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

TalentQL Launches Pipeline Connecting African Engineers with Mentors

TalentQL, Nigeria’s innovative engineering startup has launched a pipeline to upskill Africa’s intermediate engineers via mentorship from individuals from Twitter, Tesla, Amazon, and Google. The startup which was established in 2020 by  Adewale Yusuf, Opeyemi Awoyemi and Akintunde Sultan who are also co-founders of Techpoint Africa, Jobberman and DevCareer, TalentQL hires, develops and manages remote talent for global companies.

Adewale Yusuf, Opeyemi Awoyemi and Akintunde Sultan, co-founders, TalentQL
Adewale Yusuf, Opeyemi Awoyemi and Akintunde Sultan, co-founders, TalentQL

TalentQL is building a pipeline of quality talent for African companies as well as source and manage top local talent for leading international firms. Its model includes building talent campuses in less-crowded African cities with proximity to top tertiary institutions. It currently has 3,000 vetted individuals in this talent network.

The startup  raised a US$300,000 funding round in November, and recently added US$120,000 to that after being selected to take part in Techstars Toronto. It is now building on the early success of its technical outsourcing and recruitment service by launching Pipeline by TalentQL, a specialised training programme for software engineers in Africa.

Read also:The Women that Run Big Business in Africa

The six-month programme will be fully remote and run a peer to peer learning format which will offer one-on-one mentorship provided by senior software engineers working in some of the biggest tech companies globally, including Twitter, Tesla, Gitlab, Amazon, and Google.

“The demand for senior engineers is at an all-time high. Up to 90 per cent of our clients are seeking senior software engineers. The Pipeline Programme was necessitated by this huge gap in the supply of senior software engineers on the continent as against demand,” said Adewale Yusuf, chief executive officer (CEO) and co-founder of TalentQL.

“While running TalentQL, we also discovered that a lot of the available senior software engineers lack the requisite soft skills that will position them for global opportunities. We are committed to providing practical solutions to these problems through our Pipeline Programme. The programme will not only train them on technical skills but will cover soft skills that are needed to succeed and compete in the global talent market. We are confident that this is the right move and will be solving a major challenge in the African tech talent market.”

Read also:Nigeria’s Central Bank Raises Capital Requirements for Payment Solutions Service Providers $609,000

At the end of the training programme, candidates can expect to have gained the requisite skills that will make them high-value tech talents in the market. Registration for the Pipeline Programme is open here.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

South African Youths Get Boost From DigiLink Incubator

Pieter de Villiers, chairman of SiMODiSA and co-founder of Clickatell.

South Africa’s DigiLink incubator programme has launched with the goal of upskilling unemployed youths, enabling them to enter the tech economy and secure long-term employment. 

The Incubator which was launched by the Harambe Youth Employment Accelerator, SiMODiSA and Clickatell, provides participants with access to 12 months of on-the-job training in a simulated work environment that provides mentoring and training to fulfil available entry-level jobs.

Pieter de Villiers, chairman of SiMODiSA and co-founder of Clickatell.
Pieter de Villiers, chairman of SiMODiSA and co-founder of Clickatell

Over two-thirds of young South Africans are not employed or trained within 12 months of exiting the schooling system, and 75 per cent of them have no work experience, yet jobs are available in the ICT sector and DigiLink is looking to bridge the gap by providing necessary skills and experience.

Read also:The Women that Run Big Business in Africa

“Intra-sector partnerships have proven successful for both job and economic growth in other sectors. I’m encouraged that the digital sector is beginning to coordinate itself in the same way,” said Evan Jones, group strategy director of Harambee Youth Employment Accelerator.

“DigiLink candidates are currently fulfilling some of Clickatell’s QA activities which we used to do in the US and Canada, proving that not only can young South Africans do the work if mentored and supervised appropriately, but also that we can re-shore this kind of work and associated revenue,” said Pieter de Villiers, chairman of SiMODiSA and co-founder of Clickatell.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

How Three African Blockchain Startups Secured UNICEF Grant

UNICEF Ventures lead Sunita Grote

The UNICEF Venture Fund has named three African blockchain startups as winners of its grant funding which looks to support early-stage ventures in solving local and global challenges. The UNICEF Venture Fund is investing in seven blockchain startups in six countries after receiving 450 submissions from 77 countries, with solutions addressing the fact that 1.7 billion people around the world remain unbanked.

UNICEF Ventures lead Sunita Grote
UNICEF Ventures lead, Sunita Grote

Selected startups will receive up to US$100,000 in grant seed funding, with five of the seven choosing to receive a portion of the investment in Ether. Five of the startups are also female-led. Two of the companies are from Kenya, one from Rwanda, and the rest from Argentina, India, Mexico, and Nepal.

The Kenyan investees are Grassroots Economics, which runs programmes that empower marginalised communities to take charge of their own livelihoods and economic future, and Kotani Pay, a technology stack that enables blockchain protocols, dapps, and blockchain fintech companies to integrate seamlessly to local payment channels.

Read also:African governments should monitor Ethiopia’s blockchain deal

Rwanda’s Leaf, meanwhile, offers virtual banking services to vulnerable populations crossing borders, connecting people to their own savings conveniently and affordably.

“COVID-19 has impacted children and their communities, and many around the world will continue to see their lives disrupted significantly. We can see how important inclusive and affordable digital solutions are, including those that open access to financial systems and services,” said UNICEF Ventures lead Sunita Grote.

Read also:Kenya Admits Blockchain And Foreign-stock-trading Startups Into Sandbox Regime

“As we look into building back better, we need to tap into and support innovators and problem solvers to ensure systems are transparent, efficient, and decentralised — and that they include the traditionally underserved.”

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

MultiChoice Records Subscriber Boom as Earnings Surge

Martin Mabutho, the chief commercial officer of MultiChoice Nigeria

Africa’s leading digital and cable broadcasting conglomerate MultiChoice Group reports that it has added 1.4-million 90-day active subscribers to its services between the beginning of 2021 to 31 March. MultiChoice also reports that earnings were exceedingly robust despite the ongoing pandemic. This is partly due to the 7% growth year-on-year of its subscribers.

Martin Mabutho, the chief commercial officer of MultiChoice Nigeria
Martin Mabutho, the chief commercial officer of MultiChoice Nigeria

The Johannesburg-based corporation ended 2020 with 20.9-million subscribers – 43% from South Africa, while a further 57% of subscribers from the rest of the continent.

Read also:MultiChoice Slashes Prices on DStv, GOtv Decoders

MultiChoice continued to grow despite challenges stemming from the onset of the COVID-19 pandemic, a feat similar to other streaming or broadcasting entertainment services.

Company revenue surged 4% to R53.4-billion ($3.2-billion), with subscription revenues accounting for R44.7-billion ($2.6-billion) of the total. MultiChoice’s board’s primary measure of performance – its core headline earnings – was up by 32% at R3.3-billion ($198.4-million). The feat was managed despite subscription and advertising revenues were “significantly impacted” by COVID-19 and South Africa’s hard lockdown.

Read also:Nigeria’s Terragon Verified as Leader in Data and Marketing Technology

Advertising revenues were down 34% year-on-year at the interim stage, according to MultiChoice’s yearly earnings results report. Advertising began to rally in the second half of 2020 with lockdown restrictions laxing and the return of live sport. Advertising made significant recoveries in Q3 and Q4, ending at 11% down at R2.8-billion ($168.3-million).

Commercial subscription revenues started to recover in the latter part of the year as well, finishing at 35% lower than the year prior. Trading profits rose 28% to R10.3-billion ($619.3-million), benefiting from a R1.5-billion ($90.1-million) reduction in losses in the rest of Africa and 9% growth in South Africa, particularly.

MultiChoice managed to grow in spite of the pandemic with renewed revenue growth, cost controls and the embracing of new methods of working influenced by the pandemic’s consequences. Consequences that saw the company’s operating costs reduced.

Read also:Africa’s Business Heroes Renews Calls For Applications From African Entrepreneurs

The growth was further supported by a massive R1.1-billion ($66.1-million) in savings from the lack of sporting events for most of 2020. MultiChoice saved enormous amounts of operating costs for sporting events.

Significant major contributors to revenue growth include:

Renegotiated sports rights

Lower costs for its DStv decoders

Sourcing and procurement savings

The continued benefits of its ongoing digital adoption programmes

MultiChoice continued its strategy of differentiation through new local content and stepped up its investment by producing 4567 additional hours, representing a 19% increase year on year, despite disruptions caused by strict early lockdown measures in South Africa and abroad.

Read also:National Bank Of Egypt Adopts RippleNet Blockchain Technology

Since the beginning of 2021, the group has begun and is working to continue launching 11 new local language/content channels across sub-Saharan Africa.

On 10 June, its board approved an offer for MultiChoice to increase its equity investment in Blue Lake Ventures (BetKing) from 20% to 49% for $281.5-million (R3.83-billion). DStv subscribers should prepare to hear more from BetKing on their TVs in short order.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Digital Workplaces are the Future of Remote Work

According to Gartner, a global research and advisory company, the digital workplace is a business strategy for promoting employee effectiveness and engagement through a more consumer-like computing environment.

Offices are now becoming location and device agnostic and moving to the cloud or following the sun to reduce project duration and increase responsiveness.

Digital workplaces

ITC Infotech, a leading global technology services and solutions provider, led by Business and Technology Consulting, has invested in building a secure digital workplace solution over the years, for a differentiated offering with a proven value proposition.

Read also:South Africa’s Telkom Group Records Growth in Mobile Business

The adoption of the digital workplace by companies across the world is at a nascent stage, but very few understand the relevance of the digital workplace strategy.

A digital workplace is very different from a traditional setup. It enables clients to drive business value, increase IT efficacy and user interactions by weaving together disruptive technologies.

A truly digital workplace generates more local employment, raises employee productivity and engagement, and allows businesses to have a holistic way of dealing with their customers. The post Pandemic world will only act as a catalyst to enhance its implementation.

“COVID has forced many companies to now look for long-term solutions to get back their workplace efficiency. This solution not only enables that but also introduces disruptive technologies and radically new ways of doing business for companies. It creates a digital workplace that allows employees to connect, collaborate, and increase their productivity, especially post COVID,” says Vishal Kumar, President, ROW, ITC Infotech. 

Read also:Rwandan Blockchain Startup Leaf Global Fintech Secures Funding From UNICEF

“We see significant traction from companies in South Africa, and we are sure it will increase its IT efficacy.”

Business Benefits for Virtual Workplaces:

Provides end-to-end intelligent and innovative unified device management

Enhances end-user experience by efficiently leveraging disruptive technologies

Quality solution across a range of challenges like multiple time zones, locations and countries

User-centric, cost-effective solutions and high delivery standards using customized resources

Read also:National Bank Of Egypt Adopts RippleNet Blockchain Technology

Eliminates the need for dedicated technicians at smaller locations

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Five Crucial Things You Need to Do When You Receive A Phishing Email

Cybersecurity

You may not even notice when you receive one, most suspicious emails are automatically sorted to spam by your email service – though, a few may slip through the cracks, and one or two may even be authentic enough for you to click through their contents.

The most important thing to remember about phishing emails is that unless you open any attachments or click on any links, you will not be affected by malware. Phishing emails are based on social engineering and work off bait, hence the name, and unless the bait is taken you can’t be affected by the cybercriminals holding the rod, fingers twitching at the reel.

Cybersecurity
Cybersecurity

If you’re not familiar with these kinds of emails or begin to feel nervous or panicked when you receive one – this list is for you.

Here are five crucial things you need to do as soon as you receive a phishing email:

Read also:Cybersecurity Experts Warn of New SMS Phishing Scheme Spreading Worldwide

Keep calm – Don’t click on any links

When you receive a suspicious email you think is a phishing attack – don’t panic! Most modern email services like Gmail, Yahoo or Outlook have advanced malware filtering systems in place to make sure users don’t get bombarded by phishing or other malicious emails.

Because of these systems, it is completely safe to open the email and look at its contents – written text, links and attachments. These can all be viewed safely from your email client since they are not permitted to run unless you open them.

Phishing emails can be a real security risk. Malware embedded in attachments or links can quickly steal personal information, including bank details. Phishers can send emails to thousands of addresses every day, and if you reply to one of their messages, it confirms that your email address is active. Make sure you don’t reply.

Verify the Email’s sender

If a suspicious email arrives in your inbox, and it is from an address that you recognise – check with them, but don’t reply directly. Instead, create a completely new email and ask them if it is legitimate. Or better yet, contact them through another means like a WhatsApp message or a phone call.

Read also:Why Mobile Technology is Important to Rural African Communities

Never forward a suspicious email because that can endanger other people and expose them to phishing attacks. If the email is from a bank or another company or institution check with that institution. A company will always, always confirm with you if its communications are valid, or not.

Again, don’t click any links in the email. Type in the website address yourself and use the contact options to ask the company if they sent it. If it’s from an address that you don’t recognise, don’t reply and follow the next three steps.

Mark the sender as spam

After you have verified that the suspicious email isn’t from someone you know, or from a legitimate company or institute then the next best thing to do is mark the sender as spam.

You don’t want the sender to continue sending phishing attacks. Marking the address of the sender as spam will ensure that any subsequent emails will be sent to the spam folder immediately.

Read also:Africa’s Business Heroes (ABH) Prize Expands Ecosystem of Partners

You can add senders to a spam list in any email client. If you’re unsure how to do it, a simple Google search of “how to add sender to spam in X”, where X is the name of the email client you use, should do the trick.

Delete the email – Carry on!

Finally, delete the email. This could send it to your recycle bin or deleted items folder, so make sure to delete it from there as well.

After you delete a phishing email, and you have made sure not to click any links or download any attachments, then you don’t need to worry about the email anymore as you’ve successfully avoided an attack.

It never hurts, though, to run a quick Antivirus scan afterwards for some peace of mind.

Report the Phishing Attack 

After you have dealt with the attack, and want to make sure others won’t be affected, you can report the sender. There are a few entities that you can report the sender to, including the company you work for – contact your IT department and let them know about the email and about the name of the suspicious sender.

Read also:National Bank Of Egypt Adopts RippleNet Blockchain Technology

If the email claims to come from a company that you recognise, contact that company and let them know that their name is being used in phishing attacks.

The more people report phishing emails, the more agencies and providers can prevent senders from sending harmful phishing emails.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

How South African Government Lost Majority Stake in South African Airways

Efforts to resuscitate ailing South African Airways took a dramatic turn with the South African government losing majority stake of its airline through a deal with its new strategic partner Takatso Consortium. According to an announcement by the Public Enterprise Minister, Pravin Gordhan, the government has reached an agreement with Takatso Consortium, a private company that will now own 51% of the airline, with the government remaining with a minority stake at 49%.

South African Airways
South African Airways

“Government and the ANC [have] indicated over some time the intention to restructure SAA. The airline was placed into business rescue in December 2019 and since then our objective has been to ensure a viable and competitive airline and once launched, not reliant on the fiscus,” says the Minister during a virtual briefing.

Read also:South African AgVentures Acquires Stake In Software Firm Matrix Software

Takatso Consortium, a 51% black-owned enterprise that comprises pan-African investor group Harith Global Partners and aviation group Global Aviation, is expected to initially pump R3-billion into the airline. SAA will retain its name and will be domiciled in South Africa.

Gordhan says that the government will no longer be putting money into the airline. All future funding will come from Takatso and that the objective of the partnership is to create a viable, scalable national airline in its own right. Fin24 reports that SAA is set to begin building new partnerships within the continent after it is relaunched once all “due diligence” is completed.

“Once the due diligence exercise is completed, we will keep the public further informed about the exact launch dates and more,” says Gordhan.

Read also:Ethiopian Airlines Plans to Rescue South African Airlines

The minister says that the government has negotiated a non-dilutable “golden share” of 33% of the airline, meaning that the government will always have some stake in SAA. But this move in assurance may be a spoiler for future privatisation of the airline.

“Harith, as owners of Lanseria International Airport, has significant experience in the transport infrastructure and aviation sectors. We have deployed more than a billion dollars into a portfolio of critical infrastructure assets across the African continent that supports regional economies,” Harith co-founder and Consortium Chair Tshepo Mahloele says in a statement.

“We believe the whole sector, from our point of view, is growing. We look forward to the venture and believe it will be very good,” Mahloele says.

“It is not often that one gets the opportunity to serve one’s country. Many people said we are crazy to start an airline in this environment. We believe it is the best time. Airline models around the world are being challenged and are flawed in many ways. We have the capital and financial insights of Harith,” says an emotional Gidon Novick, CEO of Takatso Consortium.

Read also:South African Airways Gets New CEO As Turnaround Continues

“We have a lot to do. It keeps us up at night. We have to figure out the routes, what planes to fly and understand the subsidiaries of SAA and focus on customers, especially those who were so loyal to SAA in the past. We want to win them back and want them to know this is going to be their airline,” Novick continues

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

The Women that Run Big Business in Africa

Recognition has come the way of women who contribute immensely to the African corporate landscape as  Africa.com undertook a rigorous research project to identify not just high profile personalities, but the women who actually run the largest, most complex businesses on the African continent. The result is called The Africa.com Definitive List of Women CEOs.

Harvard Business School
Professor Tony Mayo, Harvard Business School

On August 18, Harvard Business School Professor Tony Mayo, will present his research findings on what it takes for African-American women to reach the top spot in American corporations. A panel of women CEOs from the Africa.com list will react to that research, noting similarities and differences for corporate women in Africa. The names of those who made the List will be revealed that day, as well.

Read also:Women In Africa Launches 5th Edition Of WIA 54 Program For African Women-led Startups

The Africa.com Definitive List of Women CEOs is the product of a data-driven research project that began by identifying all publicly listed companies on all of the twenty-one stock exchanges in Africa – , a list of over 1400 companies. From there, the researchers screened the companies to focus on the largest companies – those with a market capitalization of $150 million USD or larger, resulting in a list of 355 corporations. Once the researchers had identified these 355 companies, the largest in Africa, they then searched the public information available on the management teams of these companies. In order to qualify for the List, women had to have a CEO or managing director title at the head of one of these companies. The titles were then vetted further by examining where the women fit within the company’s overall organizational structure to ensure that the women truly hold authority that is consistent with their title. Based on this effort, a handful of women were eliminated – while they had an impressive sounding title, the company’s organizational chart demonstrated that someone else actually holds bottom line profit and loss responsibility for the company.

Read also :National Bank Of Egypt Adopts RippleNet Blockchain Technology

In addition to the women selected through the process above, the analysis went on to identify two additional groups of women running Corporate Africa. One additional group of women are those who run divisions of very large African corporate entities, such that their division, if it were a standalone company, would qualify for the list with its own divisional market cap of $150 million USD or more.  The roles of the women running these divisions were vetted within the context of the company’s organizational structure – the title alone was not sufficient to make the list. The women in this group have profit and loss responsibility for a revenue generating division that would be valued at $150 million or more, on its own.

Lastly, women who run the entire African region, a region within Africa, or an African country for global corporations listed on international exchanges were then identified. To qualify for this group, only international companies with a market cap of $50 billion or more are included. The women running these businesses range from those who run a country, such as Kenya or Nigeria, to those who run all of sub-Saharan Africa for these global behemoths.

On August 18, 2021, in addition to revealing the 50 names on The Africa.com Definitive List of Women CEOs, Africa.com will provide observations and trends that emerged from the research project, including which regions and which sectors lead in appointing women to the number one spot in Corporate Africa.

Read also:South African President Signs New Cybercrimes Law

“We think it is important to dig beyond the media hype, and reveal those women who have bottom line authority for Africa’s biggest corporations – many of whom have gone unnoticed. We look forward to presenting this information on August 18 alongside Harvard Business School Professor to elevate the conversation about women in Corporate Africa.”

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry