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Appointments

Sim Tshabalala quits position as Stanbic IBTC Holdings Non-Executive Director 

Sim Tshabalala has resigned from his position as Non-Executive Director of Stanbic IBTC Holdings.  

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Sim Tshabalala quits position as Stanbic IBTC Holdings Non-Executive Director 

Sim Tshabalala has resigned from his position as Non-Executive Director of Stanbic IBTC Holdings.

According to the notification issued by the company to the Nigerian Stock Exchange (NSE) and signed by Chidi Okezie, the Company Secretary, the decision to quit the company was expected to be effective from Thursday, 31 October 2019.

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Why this matters: Tshabalala resigned from the job to allow him pay more attention to his current role as Chief Executive of Standard Bank Group.

[READ MORE: SystemSpecs appoints Igbalajobi, Obikile executive directors]

Reacting to the development, the Board of Directors of the Company, appreciated the Non-Executive Director for his contributions, astute leadership and meritorious service towards the success of the Stanbic IBTC Group.

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Sim Tshabalala quits position as Stanbic IBTC Holdings Non-Executive Director 

Sim Tshabalala

They also wished him well as he focuses on more challenging role in the drive to implement the Standard Bank Group strategy.

What you should know: Sim Tshabalala joined the Standard Bank Group (SBG) in 2000 in the project finance division of Standard Corporate and Merchant Bank (SCMB) and was appointed to group exco in 2001. Between 2001 and 2006. He was managing director of Stanbic Africa and was appointed Chief Executive of Personal and Business Banking (PBB) in South Africa in 2006. In June 2008, he was appointed Chief Executive of the Standard Bank of South Africa (SBSA).

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In March 2013, Tshabalala was appointed joint group chief executive of Standard Bank Group (SBG), a position he held alongside Ben Kruger until Ben stepped down in September 2017. He resigned as chief executive of Standard Bank of South Africa (SBSA) in January 2018.

[READ ALSO: Nigerian gets top United Nations appointment]

Mr Tshabalala, who also serves as Chief Executive of Standard Bank Group (Africa’s largest Bank by Assets and parent Company of Stanbic IBTC Holdings PLC), has been on the Board of the Company since 2013 and served on a number of Board Committees. Mr Tshabalala equally served as Chairman of the Board of the Company’s wholly-owned subsidiary – Stanbic IBTC Bank PLC.

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Patricia

Reincarnated as a lover of stocks, Angel investors, seed funds, and anything aligned to tech or startups raising money, Joseph's work at Nairametrics involves following the money to wherever it leads. Before joining Nairametrics, he won an investigative journalism fellowship with ICIR, appeared in several national dallies, with hard-hitting opinions, features and investigative pieces. He has also engaged in content marketing and copywriting for a top e-commerce firm in Nigeria.

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Appointments

Vodacom Nigeria gets new MD

Vodacom Business is a leading pan-African telecommunications provider wholly-owned by the Vodacom Group.

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Vodacom Nigeria gets new MD

Vodacom Business (Nigeria) Limited has appointed Mr Valentine Chime as the Managing Director of its operations. According to a statement from the company on Monday, the appointment is at the instance of the board of directors.

He will now drive the company’s vision of becoming Africa’s leading cloud and digital service provider, the statement read.

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Prior to this appointment, Valentine Chime was with Aruwa Capital, a private equity company investing across West Africa. He also worked at Kaizen Venture Partners, a private equity company focused on distressed assets. He has held various C-suite positions in a number of portfolio companies in different sectors.

READ ALSO: Africa seeking extra $44 billion to deal with COVID-19 pandemic

Chime expressed his enthusiasm to take up the position and challenge of building the Vodacom brand in the country. He said:

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“Vodacom Business Africa (Nigeria) Limited is well-known and very respected in the industry, and I look forward to taking up this mission.

“Covid-19 has accelerated digital transformation, and we are perfectly positioned to deliver intelligent connectivity through seamless delivery of cloud and digital services and technologies to our clients.”

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Vodacom Business is a wholly-owned subsidiary of the Vodacom Group, and a leading pan-African telecommunications provider that came into Africa since 1992.

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Appointments

AfDB appoints new acting Vice President as Jennifer Blanke steps down

Wambui who joined the AfDB in 2018 currently supervises the Bank’s water sector program.

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The African Development Bank (AfDB) Group has announced the appointment of Wambui Gichuri as Acting Vice President- Agriculture, Human and Social Development, with effect from 5 July 2020.

This follows the resignation of the erstwhile Vice President of Agriculture, Human and Social Development, Dr Jennifer Blanke, about 4 weeks ago.

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This was disclosed by the bank in a press statement on July 4, 2020.

Wambui who joined the African Development Bank Group in 2018 as Director, Water Development and Sanitation, currently supervises the Bank’s water sector program of over $ 4.5 billion covering 44 countries and multinational projects.

Wambui has a supervisory role over two divisions, namely the Water Development, Coordination and Partnerships, and Water Security and Sanitation divisions, as well as the African Water Facility divisions, a project preparation facility.  She also leads the development and coordination of the technical program, manages the department’s human resources and budget, and the development of extensive partnership activities. Her leadership role includes water sector policy dialogue, strategy and business development, and spearheading innovations.

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READ MORE: Adesina Probe: US Treasury Secretary praises AFDB’s decision on independent review

Before joining the African Development Bank, she worked for the World Bank where she served in various capacities for twenty years, including 17 years in water resources management, supply, sanitation, irrigation and drainage, with vast experience in Africa, Latin America and the Caribbean.

Wamgui holds a Master’s Degree in Economics from the University of Nairobi, Kenya (1988); a Bachelor of Philosophy degree in Economics (1986) and a Bachelor’s degree in Economics and Sociology from (1983) from the same university.

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The President of the African Development Bank Group, Akinwumi Adesina, expressed his delight in having Wamgui in that role due to her wealth of experience and leadership skills

Adesina said, “I am very pleased that Wambui agreed to step into this role as Acting Vice President. The Vice Presidency Complex on Agriculture, Human and Social Development has some of our largest programs and flagship initiatives. With her extensive experience, leadership, people management skills, and strong execution capacity, I am confident that she will help strengthen the team and accelerate execution on critical programs and initiatives”.

Nairametrics had reported that the former vice president for Agriculture, Human and Social Development, Jennifer Blanke, stepped down from her role with effect from July 4, 2020, on purely family reasons, she said that she intends to rejoin her family in Switzerland after a very fulfilling time at the bank.

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Appointments

PwC Nigeria appoints new partners for 2020. See list

PwC has about 400 partners and over 9,000 people spread across 34 countries in Africa.  

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PwC admits 8 Nigerians, 16 others as partners across Africa 

PricewaterhouseCoopers (PwC) has admitted 8 Nigerians, into the firm’s partnership.

Akinyemi Akingbade, Chioma Obaro, Yinka Yusuf, Wura Olowofoyeku, Tosin Labeodan, and Rukaiya El-Rufai were all admitted into the firm’s Assurance practice, while Kunle Amida and Olusola Adewale were appointed into Advisory.

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The 8 partners in Nigeria are among 24 new partners admitted across the firm in Africa this year, 25% of whom are female. The number includes 17 new partners in Assurance, 5 in Advisory and 2 in Tax.

From South Africa, nine partners were admitted; Lumko Sihiya, Mary-Jane Mberi, Nitassha Somai, Erik Booysen, Dale Stonebridge, and David Hill, into Assurance.

READ MORE: Nigeria Joins Canada, Thailand and others in taxing digital companies

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Kerin Wood and Gavin Johnston have admitted partners into Advisory, and Michael Butler into the Tax and Regulatory Services.

In Zambia, the partners admitted include George Chitwa, Tax, and Martin Bamukunde in Assurance.

Andre Burger was admitted Partner, Assurance in Namibia; Mwangi Karanja, Partner Assurance in Kenya; and Icho Molebatsi, Partner Assurance, in Botswana.

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Two partners were admitted in Ghana, Richard Ansong in Assurance; and Kingsford Arthur in Advisory.

READ MORE: Dual citizenship firm opens office in Nigeria for millionaires, charges over $1 million

About PwC

PricewaterhouseCoopers is a multinational professional services network of firms headquartered in London, United Kingdom, operating as partnerships in several countries under the PwC brand.

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PwC has about 400 partners and over 9,000 people spread across 34 countries in Africa.

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