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InstinctBusiness Magazine is a bi-monthly glossy and online business publication that covers all areas of businesses within the African region🌏

24/06/2024

,Lyapa Mpempulwa-Mbewe emerges InstinctBusiness CEO of the week

Lyapa Mpempulwa-Mbewe is the Chief Executive Officer of Money Acumen Advisory, a premier financial consultancy firm that provides expert financial management, investment advisory, and strategic economic planning services. With a distinguished career spanning over 15 years of diversified experience mainly in Wealth Management and Investments on the local and offshore markets, Mbewe is renowned for her expertise in financial services and her commitment to innovation and client-centric solutions.

Mbewe’s career in finance began with roles in investment banking and corporate finance, where she gained valuable experience in financial markets, asset management, and strategic planning.

As the CEO of Money Acumen Advisory, Mbewe has been instrumental in transforming the firm into a leading provider of financial consultancy services. Under her leadership, the firm has expanded its service offerings, increased its client base, and enhanced its market reputation.

Click on the link in the bio to read more about her profile.

24/06/2024

CEO, Adam Mihayo emerges CEO of the Week

Mr. Adam Mihayo is an accomplished executive with a wealth of experience in the banking industry and career spanning local and international banks.
He joined Tanzania Commercial Bank as Chief Executive Officer following his appointment by the President of United Republic of Tanzania H.E Dr. Samia Suluhu Hassan in November 2023. With over two decades of experience in the financial sector, Mihayo has established himself as a key figure in banking and financial services in Tanzania.

Before taking the helm at TCB, Mihayo amassed a wealth of experience in various leadership roles within the banking industry. His career has been marked by a series of successful stints in different banks, where he showcased his ability to drive growth, enhance operational efficiency, and implement innovative financial solutions. His roles have included senior positions in strategic planning, risk management, and customer service, which have collectively equipped him with a comprehensive understanding of the banking landscape.

As the Managing Director of Tanzania Commercial Bank, Mihayo has been instrumental in steering the bank towards significant milestones. Under his leadership, TCB has not only expanded its market share but also increased its profitability and operational efficiency.

Click on the link in bio to read more.

24/06/2024

Managing Director/CEO, emerges CEO of the week

Mrs. is a highly accomplished executive with over two decades of diverse experience in the financial services, consumer goods, and hospitality industries. Olusola is recognized for her dynamic leadership, strategic vision, and commitment to excellence.

Prior to joining , was the Group Head, Marketing for United Bank For Africa PLC. In UBA, she also served as the Group Head Embassies, Multilaterals and Development Organizations (EMDOs) and Global Investors Services (GIS).

Dupe’s professional career began in the financial services sector, where she gained valuable experience in various roles, including investment banking and asset management. She then transitioned to the consumer goods industry, where she held senior management positions, leading marketing and business development initiatives. Her versatility and expertise in these roles laid the groundwork for her successful entry into the hospitality sector.

Under her stewardship, has embarked on an ambitious growth strategy, focusing on expanding its portfolio, improving service quality, and adopting innovative technologies.

Click on the link in bio to read more.

20/06/2024

Which country stands out from the rest?

13/06/2024

What do you think?

11/06/2024

InstinctBusiness Top Three (3) CEOs of the Week

Chief Executive Officer, Jimmy Khan emerge as InstinctBusiness CEO of the week

Jimmy Khan is a dynamic leader known for his strategic vision and unwavering commitment to excellence. With a career spanning several decades, Khan has cultivated a deep understanding of the sector’s nuances, emerging trends, and global best practices.

Prior to assuming his current position, Khan held various senior leadership roles within LafargeHolcim Maroc, the parent company of Lafarge Egypt, where he demonstrated his exceptional leadership qualities and strategic acumen. His tenure at Lafarge Egypt has been marked by a relentless pursuit of operational excellence, innovation, and sustainable growth.

Click on the link in bio to read more.

11/06/2024

InstinctBusiness Top Three (3) CEOs of the Week

InstinctBusiness Magazine has named the President & CEO of Africa Finance Corporation (AFC), Samaila Zubairu, as its CEO of the week.

Samaila Zubairu, is a distinguished figure in the global finance sector, celebrated for his transformative leadership and unwavering commitment to driving socio-economic development across Africa.

With an illustrious career spanning over three decades, Zubairu has demonstrated unparalleled expertise in finance, infrastructure development, and investment management, Zubairu has played a pivotal role in advancing AFC’s mission of fostering economic growth and sustainability on the continent. His strategic vision and expertise have positioned him as a leading figure in African finance, dedicated to unlocking opportunities and driving positive change across the region.

In his five years as President & CEO of the Africa Finance Corporation, Africa’s leading infrastructure solutions provider has almost tripled investments to $11.5 billion—including the biggest renewable energy acquisition on the continent— and doubled membership to 40 African nations, winning AFC the accolade of DFI of the Year for Europe and Africa at the recent IJGlobal Awards.

Click on the link in bio to read more.

11/06/2024

InstinctBusiness Top Three (3) CEOs of the Week

Botswana Insurance Company Group CEO, Catherine Lesetedi emerge as InstinctBusiness CEO of the Week

Catherine Lesetedi is a prominent leader in the insurance industry, currently serving as the CEO of Botswana Insurance Company. With a career spanning over three decades, Lesetedi has amassed a wealth of experience and expertise in finance, management, and strategic leadership.

Before assuming the role of CEO at BIHL, she held various senior positions within the company, showcasing her dedication and commitment to its growth and success. Her journey to the top exemplifies her strong work ethic, resilience, and ability to navigate complex business landscapes.

Click on the link in bio to read more.

10/06/2024

-“Success is a flipside of the coin in a failing in business. The only difference is how many times as a businessperson, are you willing to fail, fall, stand-up and try again.”

- Kiprono Kittony, EBS,Chairman

08/06/2024

Pensure, one of Nigeria’s leading Pension Fund Administrators (PFA) has appointed Olusakin Labeodan as its new Chief Executive Officer, with effect from June 1, 2024.

This strategic transition follows the retirement of Lanre Idris, who worked with the company for over 18 years in various top management roles.

Prior to this appointment,, Labeodan was the group chief marketing officer at Leadway Holdings Co. and has been instrumental in planning, developing, and executing comprehensive business marketing strategies for the Leadway Group.

With over two decades of invaluable experience in non-banking financial institutions, Olusakin has demonstrated a strong track record in strategic management, organizational synergy, sales, and business development for corporate performance and value capture within Leadway Pensure and the broader Group.

Click on the link in bio to read more.

08/06/2024

, the pan-African financial services Group, officially opens call for applications to the 7th edition of its Fintech Challenge. This annual competition invites early-stage and mature fintech startups to partner with Ecobank, offering a grand prize of US$50,000 and a chance to scale their solutions across Ecobank’s extensive network spanning 35 African countries.

Despite the fintech eruption in the African continent, a McKinsey & Company report reveals that fintech start-ups in Africa are still facing several challenges such as reaching scale, navigating an uncertain regulatory environment, or managing scarcity of funding. The The Ecobank Fintech Challenge provides a unique opportunity for Fintech Entrepreneurs to address these challenges by not only offering financial rewards but by also providing Ecobank’s expertise in diversified markets operations and the right solutions to scale across its pan-African footprint and international presence such as France.

Click on the link in bio to read more.

03/06/2024

InstinctBusiness Top Three (3) CEOs of the Week
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Gwen Njiru Kinisu, MD/CEO of , emerge as InstinctBusiness CEO of the week

Gwen Njiru Kinisu is a dynamic and visionary leader with over 15 years of experience in transforming businesses and inspiring teams within the insurance and banking sectors. As the Managing Director and CEO of Prudential Kenya, Gwen brings a unique blend of marketing prowess, technological acumen, and strategic leadership to her role.

With a strong foundation in finance, insurance, and business management, Gwen has been instrumental in driving Prudential Kenya’s growth and success in the competitive insurance landscape. Her leadership has positioned the company as a trusted provider of innovative insurance solutions, known for its unwavering commitment to customer satisfaction, forward-thinking approach, and financial stability.

Click on the link in bio to read the full article.

03/06/2024

InstinctBusiness Top Three (3) CEOs of the Week
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Benjamin Mutimura, CEO, BankPlc emerge as CEO of the week

Benjamin Mutimura is a seasoned professional with a distinguished career spanning 16 years in the financial sector and an additional 4 years in the education sector. His extensive experience includes 13 years at I&M Bank (Rwanda) Plc, followed by 3 years at the Bank of Kigali, where he has made significant contributions across various domains including corporate banking, retail, credit, and finance.
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Click on the link in bio to read story.

03/06/2024

InstinctBusiness Top Three (3) CEOs of the Week
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Funmilayo Ekundayo CEO, emerge as CEO of the week

Funmilayo Ekundayo is a distinguished professional with a rich educational background and extensive experience in both legal practice and the financial sector.

A graduate of the Harvard Business School’s General Management Programme, she holds a Bachelor of Law degree as well as a Master of Laws degree from the University of Lagos. As a member of the Nigerian Bar Association Section on Business Law (NBA SBL) and a Fellow of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) (ICSAN), she brings a wealth of legal and corporate governance expertise to her roles.

Click on the link in bio to read more.

03/06/2024

-“Embrace what you don’t know, especially in the beginning, because what you don’t know can become your greatest asset. It ensures that you will absolutely be doing things different from everybody else.”

30/05/2024

American Express and Ecobank Transnational Incorporated, the leading pan-African financial services Group, announced an agreement to significantly expand American Express Card acceptance in twenty-one countries across Africa.

Through this agreement, American Express Card Members will be able to use their Cards in twelve new countries: Burundi, Central African Republic, Gabon, Guinea-Bissau, Liberia, Malawi, Mali, Niger, São Tomé and Príncipe, Sierra Leone, The Gambia, and Togo. Additionally, the number of merchants accepting American Express Card payments will increase in nine further countries where American Express acceptance already exists: Cape Verde, the Democratic Republic of Congo, Equatorial Guinea, Ghana, Nigeria, the Republic of Congo, Rwanda, Tanzania, and Uganda. Acceptance in these countries will be rolled out over the next 12 months. Ecobank will also provide ATM acceptance for American Express in all countries where they operate in Africa (with the exception of Cape Verde).

The agreement, which was announced at the African Development Bank Group Annual Meetings 2024, will strengthen the American Express global network by increasing the number of locations where American Express Card Members can use their Cards in Sub-Saharan Africa. The agreement will also enable merchants to attract business from a new customer base of American Express consumer, business and corporate Card Members in Africa and around the world.

Click on the link in bio to read more.

27/05/2024

The leading innovative and sustainable building solutions company, Lafarge Africa Plc has appointed Mr. Puneet Sharma as its new Chief Financial Officer (CFO).

Mr. Puneet Sharma is a seasoned professional with over 30 years of professional experience. Prior to joining the Company, Mr. Puneet worked with Tropical General Investments (TGI) Group and GSK Nigeria Consumer Plc as the Group CFO for Non-Agric Business and Finance Director respectively.

He has more than 20 years of working experience on Senior & Regional Roles in FMCG, Healthcare, Pharmaceutical, Paints & Chemicals, Food and Distribution Sectors.

Mr. Puneet Sharma is a graduate of Panjabi University, Patiala, India. He is also a member of The Institute of Chartered Accountants of India.

Click on the link in bio to read more.

27/05/2024

PremierCredit , the powerhouse in financial services, has announced the appointment of Vincent Malekani as the new Country Chief Executive Officer (CEO) for Zambia. Vincent Malekani brings a wealth of knowledge and expertise to his new role, having previously excelled as the Country Business Development Director for Zambia & Malawi, as well as a distinguished Member of the Mastercard Southern African Management Team, former Banker at Absa group, Stanbic, and Investrust Banks. This move signals a shift in the landscape of financial leadership, as Vincent brings over two decades of unparalleled expertise to the forefront.

Vincent Malekani, emerges as a beacon of excellence, boasting a stellar track record of over 20 years in propelling top and bottom-line performance, fostering world-class teams, and driving unprecedented business growth and success. His dynamic approach and unwavering dedication make him the perfect fit to lead PremierCredit Zambia into a new era of prosperity. His appointment heralds a new chapter in PremierCredit’s journey towards revolutionizing the financial landscape. With his visionary leadership, we are poised to pioneer a borderless digital banking experience for Africa, setting the stage for a transformative shift in inclusive financial services.

Click on the link in bio to read the full story

27/05/2024

MTN Group has retained the top spot in the annual ‘Brand Africa 100: Best Brands’ survey, also continuing to lead the list of African brands ‘doing good for society, people and environment’ in recognition of our ESG efforts to create shared value and a sustainable business, society and world.

“This Africa Day, we take heart from this accolade and would like to acknowledge and thank our partners everywhere for their support,” said MTN Group President and Chief Executive Officer Ralph Mupita.

“MTN is committed to meeting our customers’ current and future needs, leveraging digital capabilities for a more sustainable future, and fostering strong partnerships to drive meaningful change. These awards inspire us to keep focused,” he added.

Click on the link in bio to read the full story

27/05/2024

-“It’s important to have the best work ethic, that you’re applying yourself as much as possible and that you’re not as dependent on what others can do for you but that you’re focused on what you can do.”

- Phuti Mahanyele-Dabengwa, CEO of

21/05/2024

Photo news: Congratulations to on reaching the remarkable milestone of 75 years🎊🎊

It’s inspiring to witness the enduring legacy and impact UBA has had in transforming lives and driving economic growth across Africa.

Group MD Oliver Alawuba, speaking at the Global Press Conference, emphasized UBA’s commitment to providing $6bn in financing for SMEs under the AfCFTA, boosting intra-African trade. He noted that UBA’s journey reflects resilience, innovation, and excellence, transforming from a modest start in Lagos to a global financial institution.

With a presence in 20 African countries and 4 global financial centers, UBA connects Africa to the world and drives sustainable growth. UBA aims to leverage digital innovation and foster economic integration within Africa.

20/05/2024

has named the Managing Director and Chief Executive Officer of , Oluyemi Oloyede as the CEO of the Week.

Oluyemi Oloyede is an accomplished leader with a wealth of experience in the food industry. With over 16 years of supporting and leading multi-national teams with excellent results, he has held various leadership positions, demonstrating his expertise in strategic management, business development, and operational efficiency.

As the Chief Executive Officer of UAC Foods, Oluyemi oversees all aspects of the company’s operations, from product development and manufacturing to marketing and distribution. Under his leadership, UAC Foods has experienced significant growth and expansion, solidifying its position as a key player in Nigeria’s food and beverage market.

He is known for his visionary leadership style, characterized by a strong focus on innovation and consumer-centric strategies. He is committed to delivering products of the highest quality that meet the evolving needs and preferences of consumers. Through continuous research and development, Oluyemi ensures that UAC Foods remains at the forefront of innovation, introducing new products and flavours to cater to diverse tastes.

Click on the link in bio to read more.

20/05/2024

- “Today is the beginning of the rest of your Life. You are the pilot of your life. Lock in your destination; take off to it, from where you are”.

-VIMAL SHAH, Co-Founder & Chairman at Bidco Africa

16/05/2024

The Board of Directors of the African Development Bank Group has approved a $15 million trade finance package for First Capital Bank Zimbabwe (FCB) to help bolster intra-African commerce in line with the goals of the Africa Continental Free Trade Area.

The package, comprising a $7.5 million trade finance line of credit and a $7.5 million transaction guarantee, is expected to catalyse about $146 million in trade over the next three years.

The line of credit will provide the much-needed hard currency financing to support FCB to close its trade finance gap and expand its trade finance support for SMEs and local corporates in Zimbabwe, a transition country. The transaction guarantee will provide a 100% guarantee to international confirming banks (CBs) for the non-payment risk taken on FCB’s trade finance transactions conducted on behalf of SMEs, and women-led businesses. The approval came on 30 April.

Click on the link in bio to read more.

16/05/2024

The momentum of financial inclusion programmes is progressively strengthened as financial institutions, businesses and consumers embrace cashless convenience and digital payments that are secure and seamless. Technology development broadens the scope of delivery of financial services, and the advantages of digital payments manifest in providing easy access to the masses, reducing travel and queuing times, quicker transactions and seamless money movements that are cashless.

Currently, Rwanda is a prime market for digital payments, with a young population of which 69 per cent is below the age of 30, and the second-highest population density in Africa. With 87 per cent mobile pe*******on and an accelerated mobile payments market that grew over 450 per cent [1] during the pandemic, the cashless economy is expected to expand further. In 2022, the number of fund transfers through mobile payment channels amounted to 310 million transactions. In November 2022, the value of these transactions also rose by 41 per cent, from RWF 4.7 trillion to RWF 6.6 trillion, as reported by the National Bank of Rwanda (NBR). The country has set an ambitious target to achieve full financial inclusion by 2024.

Click on the link in bio to read more.

16/05/2024

PayRetailers, the leading payment processor for Latin America is pleased to announce its new expansion to Africa. With coverage across four countries, the company offers a unified payment solution that will be a game changer for cross-border online merchants looking at Africa as their next move for strategic growth.

To strengthen its presence in the continent, PayRetailers is activating its payment processing functions in Rwanda, Zambia, Uganda, and Tanzania.

This will offer a simple, user-friendly, and scalable experience to businesses looking to grow their regional operations and give them access to major local methods like SPENN, Airtel, and MTN.

This market is increasingly connected and mobile and destined for strong growth, which is why PayRetailers, in its mission to increase financial inclusion and continue supporting business growth in emerging markets, has decided to activate its networks in the region and drive this exciting era of prosperity.

Click on the link in bio to read more.

08/05/2024

Craig Miller, the CEO of Anglo American Platinum South Africa, a seasoned executive with extensive experience in the mining industry, has been recognized as InstinctBusiness Magazine’s CEO of the Week. With over 23 years of mining industry experience, he is a seasoned senior executive who has worked in South Africa, Brazil, and the UK, with expertise spanning Anglo American’s PGMs, base metals and bulk commodities businesses.

As the Chief Executive Officer of Anglo American Platinum in South Africa, he oversees the strategic direction and operational management of one of the world’s leading platinum producers. With a proven track record of driving innovation and sustainable growth, Craig is dedicated to delivering value to stakeholders while upholding the company’s commitment to safety, environmental stewardship, and social responsibility.

In his role as Anglo American Platinum’s finance director, he led strategy development and ex*****on and drove successful cost and value optimization across the business.

Click on the link in bio to read his profile.

06/05/2024

- “There are challenges everywhere. You must have tenacity; you must have the strength of character not to cheat”.

-Ibukun Awosika, First Bank of Nigeria’s First Female Chairman.

02/05/2024

, a payments and financial services provider for Africa has processed financial transactions valued at N14 trillion in the last 15 years of its operation.

Tayo Oviosu, founder and Chief Executive Officer of Paga Group Ltd, disclosed this at a media parley in Lagos recently during the celebration of the firm’s 15 years of operation in Nigeria.

Mr. Oviosu, said out of the N14 trillion value of transactions recorded in 15 years, 80 per cent of the amount was transacted in the last five years.

According to Oviosu, “When we celebrated 10 years of our business five years ago, we had grown our transaction values by seven times, across the three business arms of our operations, which includes; Consumer payments, Platform as-a-services and Super App for retailers.

“This has translated into job creation as we have created over 1,000 direct jobs in Ethiopia and in Nigeria and indirect jobs through our agent network to about 100,000 jobs, this is economic empowerment of Nigerians.

Click on the link in bio to read the full story

01/05/2024

Happy Labour Day 🎉
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