BusinessExecutives

Thu,17Apr2014

Executives

The market for apps in DRC can only get bigger

Carlo Lekea Founder of the tech firm Idea IT & Conception©Martine Van Der Belen/IdeaCarlo Lekea is the developer of the first Congolese phone app, and he plans to launch many more despite the practical and obstructionist hurdles.

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Ugandan entrepreneur eyes more tie-ups after deals with ex-Barclays boss

Ashish Thakkar, CEO of Mara GroupUgandan-born entrepreneur Ashish Thakkar, whose Mara Group has teamed up with ex-Barclays boss Bob Diamond to buy banks in Africa, is also seeking international partners for mobile technology and financial services ventures.

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In 2 to 3 years gazillionaires will be coming out of Africa

Kola Karim Chief executive, Shoreline. Photo©KlearpicsWith the swagger of a new generation, Shoreline swept up former Shell assets in 2012 to join the vanguard of nigeria's indigenous upstream revolution. Kola Karim, Group Managing Director and Chief Executive Officer of Shoreline Energy International spoke to The Africa Report.

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Africa's first female billionaire's fine threads and oil

Folorunsho Alakija Executive vice-chairwoman, Famfa Oil. Photo©Diane Bondareff/AP/SIPAAfrica's first female billionaire, Folorunsho Alakija, started out as a secretary. She now owns a share of a major Nigerian oil field and is said to be contemplating a move into politics.

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New capacity to finance big-ticket projects -

Phillips Oduoza - Managing director, United Bank for Africa Group. Photo©UBAAfter the crisis in the Nigerian banking sector in 2008 and 2009, UBA's capital base has grown sufficiently to fund projects in areas such as electricity and oil and gas.

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New fund to focus on partnerships

Emile du Toit - Head of infrastructure investments, Harith General Partners. Photo©HArITH GeNerAl PArTNerSHarith plans to close a new fund with up to $700m before the end of the year to make investments in public-private infrastructure projects.

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Head of South Africa power utility Eskom to resign

The chief executive of South Africa's Eskom is to step down in March, departing the state-owned utility at a time when it is struggling to avoid blackouts that would hit industries and homeowners.

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