Airtel Africa Appoints Ogunsanya New CEO as Mandava Leaves

Image

By Adedapo Adesanya

Leading telecommunications and mobile money service provider, Airtel Africa Plc, has announced the appointment of Mr Olusegun Ogunsanya, the Managing Director and CEO of its Nigerian operations, Airtel Nigeria, to succeed Mr Raghunath Mandava, who retires as the MD/CEO later this year.

A statement issued by the telco disclosed that Mr Mandava has informed the board of his intention to retire, which necessitated the appointment of Mr Ogunsanya, who is expected to join the board of Airtel Africa with effect from October 1, 2021.

Mr Ogunsanya joined Airtel Africa in 2012 to head Airtel Nigeria and has been responsible for the overall management of the company’s operations in Nigeria, its largest market in Africa.

He boasts of more than 25 years of business management experience in banking, consumer goods and telecoms.

Before joining Airtel in 2012, he held leadership roles at Coca-Cola in Ghana, Nigeria, and Kenya (as MD and CEO).

He has also been the Managing Director of Nigerian Bottling Company Ltd (Coca-Cola Hellenic owned) and Group head of retail banking operations at Ecobank Transnational Incorporated, covering 28 countries in Africa.

He is an electronics engineer and also a chartered accountant.

On his part, Mr Mandava will be retiring also as a member of the Market Disclosure Committee on September 30, 2021. Arrangements have been made to ensure a smooth transition of responsibilities.

Following his cessation of employment at Airtel Africa, Mr Mandava will be available to advise the Chairman, the Airtel Africa Board and the Managing Director and Chief Executive Officer for a nine-month period.

“We are delighted to appoint Segun Ogunsanya as the Group’s next Chief Executive Officer. He has displayed significant drive and energy in turning around the Nigeria business by focusing on network modernisation, distribution, and operational efficiency.

“It is this commitment, together with his industry experience, strategic vision, constant customer focus and proven record of delivery that will enable him to continue to deliver our strategic objectives and to lead the group in the next stages of its development.

“On behalf of the board, I would like to thank Raghu Mandava for being instrumental in successfully leading and transforming Airtel Africa into a powerhouse telecommunications and mobile money company.

“Throughout that time, Raghu has worked tirelessly first to repair and then to strengthen Airtel Africa’s business and to champion our stakeholders.

“As we look forward to Segun assuming his new role in October 2021, we do so from a position of great strength as a result of Raghu’s highly effective stewardship. Raghu will retire from the Board with our very best wishes and sincere appreciation for everything he has achieved,” the statement from the firm said.

The outgoing CEO of Airtel Africa, while commenting on the development, said: “I am thankful to Airtel Africa for providing me and my team the opportunity to transform the business and fulfil our responsibility to the countries in which we operate. It has been a privilege to serve in the African continent and I cherish my time here.

“Airtel Africa is a remarkable business with fantastic people. Having been at Bharti Airtel for 13 years and at Airtel Africa for 5 years as Chief Executive Officer, I feel now is the right time to take a sabbatical.

“The last five years have been an exhilarating journey where we have been able to turn around and transform the business into strong high growth and profitable company. We have been able to build the business with our unique management and problem-solving approach to bring in substantial performance improvement.

“I am very proud of what we have achieved over the past five years in Africa, and I look forward to seeing the Company make even greater progress over the coming years.”

The incoming CEO stated that, “Having been part of the Airtel Africa journey for the past nine years, I am looking forward to taking up the role of Chief Executive Officer. On a personal note, as an African, I feel honoured to have the opportunity to lead a group that continues to make a difference to millions of people, bridge the digital divide and expand financial inclusion.

“This is an exciting opportunity to position Airtel Africa for further success in a dynamic continent full of potential. I look forward to building on the achievements of the last five years during Raghu’s leadership.”

Share
Related Stories
Image
28-February-2024

Firms in Nigeria to Pay Annual Levy for Hiring Foreigners

By Aduragbemi Omiyale A new tax known as Expatriate Employment Levy (EEL) has been introduced by the federal government and it is to be paid by companies, which hire foreigners to work in Nigeria. The scheme was launched on Tuesday in Abuja by President Bola Tinubu and it is to close wage gaps between expatriates and Nigerian workers. The government explained that the policy aims to find a balance between leveraging foreign expertise and fostering local talent in Nigeria’s job market through the EEL, emphasising that it is not to discourage foreign investments. It was stressed that the level would

Image
25-January-2024

Rasheed Bolarinwa to Lead ACAMB for Another Two Years

By Modupe Gbadeyanka Impressed by his leadership acumen for the past two years, members of the Association of Corporate and Marketing Communication Professionals in Nigerian Banks (ACAMB) have again elected Mr Rasheed Bolarinwa of Polaris Bank as president of the group. He is to pilot the affairs of the organisation for another two years along with other members of the executive committee (Exco) elected on Wednesday, January 24, 2024, at the group’s Annual General Meeting (AGM) held at the CIBN House, Lagos. After his election, Mr Bolarinwa expressed gratitude for the trust placed in the new leadership team and emphasised

Image
21-January-2024

New NSE President Advocates Grade 9 Entry Level for Engineers

By Adedapo Adesanya The new first female president of the Nigerian Society of Engineers (NSE), Mrs Margaret Oguntala, has called on state governments to implement Grade Level 09 as the entry point for engineers in civil service. She made the call during her investiture as the 34th president of the engineering professional body in Abuja over the weekend. She also called for a policy formulation that would compel employers of labour to pay commensurate welfare packages/hazard allowances to engineers. Mrs Oguntala said the advocacy would be key among her focus in the next two years as the president of NSE.

More Stories
Image
09-January-2020

Agribusiness Sector in Nigeria Lacks Good Structure—Expert

By Adedapo Adesanya  The agriculture sector is set to get a huge boost as stakeholders have noted that they want to partner one of the top agricultural institute, Premier Agribusiness Academy, on capacity building for business sustainability and profitability. This followed interest expressed by key agriculture stakeholders which include the Poultry Association of Nigeria (PAN), Agricultural and Rural Management Training Institute (ARMTI), Rome Business School among others, at a recently concluded leadership training organized by Premier Agribusiness Academy in Lagos. Speaking during the executive education course designed for CEOs, COOs, MDs, business owners and Managers, the Director-General of Nigeria Agribusiness

Image
04-June-2018

Jumia Launches Experience Centre in Lagos

By Modupe Gbadeyanka A state-of-the-art Experience Centre has been launched by Jumia Nigeria to make shopping experience hassle free. Jumia explained that it established the new centre having in mind that shopping can be a chore, but becomes easy when there is a personal shopper to assist navigate the puzzle of purchasing and returning products. Located centrally at 11B, Commercial Avenue, Yaba, Lagos, the Jumia’s Experience Centre is expected to serve as an additional touchpoint for customers to interact with the Jumia’s Ecosystem- Jumia Mall, Jumia Food, Jumia Travel and Jumia One. They will have access to the store to

Image
01-October-2019

Asian Equities Rise Tuesday Despite Weak Japanese Data

By Investors Hub Asian stocks rose on Tuesday as hopes grew of progress towards resolving the U.S.-China trade war and reports suggested British Prime Minister Boris Johnson has prepared a blueprint for a new Brexit deal. Chinese and Hong Kong markets were closed for the 70th anniversary of the founding of the People’s Republic of China. Japanese shares advanced despite the release of weak economic data. The Nikkei average climbed 129.40 points, or 0.6 percent, to 21,885.24, while the broader Topix closed 1 percent higher at 1,603. Japan’s manufacturing sector contracted the most in seven months in September, as firms

Image
03-October-2019

Market Capitalisation Loses N153bn After Independence Day Break

By Dipo Olowookere The first trading session after Nigeria celebrated its 59th Independence Day on Tuesday ended on a negative note as investors maintained their resolve to continue to take profit amid developments in the country as well as on the global scene. The stock market finished 1.14 percent lower on Wednesday with the All-Share Index (ASI) going down by 315.69 points to close at 27,314.87 points and the market capitalisation depreciating by N153 billion to settle at N13.297 trillion. Also not spared in the reddish mode was the level of activity as the volume of shares transacted by investors

Image
23-February-2022

10 Essential Office Equipment You Should Have in Your Office

By Esther Adeniji One aspect of branding that many SMEs in Nigeria often overlook is the internal appearance of their office. Your business needs to be conducted in a conducive environment. A conducive office environment has the necessary equipment put in place for the day to day business operations. There is essential office equipment in your office as a Nigerian business owner. If you plan on opening a new office for your startup in Nigeria, you can check out these 10 essential office equipment. 10 essential office equipment you should have in your office Photocopiers When it comes to keeping

Image
08-July-2019

Airtel Africa to List 3.758bn Shares on NSE Tuesday

By Dipo Olowookere Tuesday, July 9, 2019 has now been fixed as the new date for the listing of about 3.758 billion ordinary shares of Airtel Africa Plc on the Nigerian Stock Exchange (NSE) at a unit price of N363. The exercise was earlier scheduled for Friday, July 5, 2019, but was postponed at the last minute as a result of the company’s inability to meet pre-listing requirements, including getting the authorization of the Securities and Exchange Commission (SEC). However, it seems the third largest telecommunications firm in Nigeria behind MTN Nigeria and Globacom has obtained the necessary things needed

Image
24-March-2017

FG in Talks with CBN to Reduce Interest Rates

By Modupe Gbadeyanka Vice President, Mr Yemi Osinbajo, has disclosed that the Federal Government was constantly in talks with the Central Bank of Nigeria (CBN) on how to reduce interest rates, which is presently at 14 percent. On Tuesday, the CBN, after its two-day Monetary Policy Committee (MPC) meeting, retained the rates at 14 percent. Addressing members of the House of Representatives Tactical Committee on Recession on Thursday, the Vice President also assured that the federal government was actively exploring options on how best to liquidate the debts owed contractors across the country, including the option of using bonds. The

Image
17-March-2017

Stock Market Ends Week Positive, Swings Northward by 0.92%

By Modupe Gbadeyanka Equity market in Nigeria closed bullish for the week on Friday, extending the upward movement to four straight days. The stock market recorded a rise of 0.92 percent after trading activities on the floor of the Nigerian Stock Exchange (NSE). However, the volume of shares transacted today by investors significantly declined, with a total of 151.4 million shares exchanged in 2,325 deals valued at N1.9 billion compared with 281 million units traded the previous day in 2,468 deals worth N2.4 billion. At the close of the market, the All-Share Index improved by 235.08 basis points to end

Ad
Ad
Recent Stories
Image
29-February-2024

Africa Beyond Russia’s Grains Partnerships

By Kestér Kenn Klomegâh Until sustainable food security is established through modernizing agriculture and ensuring adequate support for local farmers, Russia’s grain supply would be a soft geostrategic bait (i) to reinforce the existing time-tested relationships with Africa and (ii) to solicit an endorsement for the unprovoked war in Ukraine. In a speech delivered on March 20, 2023, during the interparliamentary conference ‘Russia-Africa’ held in Moscow, President Vladimir Putin described six African countries as the least developed and poorest in the world that are urgently in need grains, alternatively referred to as humanitarian aid, to feed its population. The beneficiary

Image
29-February-2024

MasterCard, MTN Partner to Boost Digital Commerce, Payments

By Aduragbemi Omiyale A partnership aimed at driving acceleration of the mobile money ecosystem in Africa across 13 markets has been entered into between Mastercard and MTN Group Fintech. This is coming shortly after the payments giant completed the purchase of a minority stake in the telecommunications company. The deal will see Mastercard giving a prepaid virtual card tailored for MTN’s MoMo customers, granting them access to over 100 million acceptance points worldwide. Additionally, it will empower MoMo merchants to seamlessly accept card payments, enhancing the platform’s instant cross-border money remittance services and capabilities. Further, Mastercard will use its cutting-edge

Image
29-February-2024

Adesina to Receive Prestigious Obafemi Awolowo Prize for Leadership

By Ichie Enyi Ejike Umunnabuike Jr Come March 6, 2024, the Lagos Continental Hotel will host an unforgettable occasion when the President of the African Development Bank (AfDB), Mr Akinwumi Ayodeji Adesina, will be formally honoured and presented with the distinguished Obafemi Awolowo Prize for Leadership 2023. The Obafemi Awolowo Prize for Leadership was first announced in December 2012, with the official award ceremony held on March 6, 2013. Before Mr Adesina was announced as its fourth recipient, three other distinguished personalities had been conferred with the prestigious award – Noble Laureate, Prof. Wole Soyinka; former South African President, Thabo

Image
29-February-2024

Exploring Diverse and Evolving Sounds of Africa

Africa’s music scene is a sonic melting pot, where rhythms collide and cultures connect. It’s a universal language, a force that breaks boundaries and fuels the soul. This sonic tapestry isn’t just diverse – it’s explosive. Afrobeats and Amapiano own the spotlight right now. Those irresistible Afrobeats hooks? They’ve got the whole world dancing. And Amapiano’s hypnotic blend of South African house and street sounds? It’s straight-up addictive. Mainstream African artists are pushing the boundaries like no one else, taking Amapiano and running with it. They’re injecting their fire, creating a whole new flavour. This is proof that African music

Image
29-February-2024

Nigeria Needs Policies that Prioritize Economic Recovery—Peter Obi

By Adedapo Adesanya The presidential candidate of the Labour Party in the 2023 general elections, Mr Peter Obi, has raised concerns over the recent decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to increase the Monetary Policy Rate (MPR) to 22.5 per cent and the Cash Reserve Ratio (CRR) to 45 per cent. Mr Obi warned that this move is likely to worsen the ongoing economic challenges faced by many Nigerian households, and emphasized the need for policies that prioritize economic recovery. In a statement issued via X (formerly Twitter), the businessman and former

Image
29-February-2024

Silence Laboratories Raises $4.1m for Privacy-Preserving Computing

By Adedapo Adesanya Silence Laboratories has announced securing $4.1 million in funding to enable privacy-preserving collaborative computing led by Pi Ventures and Anurag Arjun, along with several prominent angel investors. In a statement shared with Business Post, the company said with the market for privacy-enhancing technologies (PETs) growing globally at a compound annual growth rate of 26.6 per cent, there is growing demand. In recognition of this, Silence Laboratories is offering to provide mathematical guarantees for techno-legal expectations as part of a mission to create infrastructure to enable complex data collaborations between enterprises and entities, without any sensitive information being

Image
29-February-2024

MainOne Stretches Submarine Cable to Akwa Ibom

By Modupe Gbadeyanka A submarine cable spanning 45,000km in length known as 2Africa has been landed in Akwa Ibom State by MainOne, an Equinix company. It is one of the world’s largest subsea cable projects and will interconnect Europe, Asia, and Africa, with a design capacity of up to 180Tbps. The cable is the first and only submarine cable system in Nigeria outside of Lagos, and it marks a significant milestone in enhancing broadband connectivity and driving economic development in the South-South, South-East and North-Central regions of Nigeria. The significance of 2Africa lies in its capacity to address critical internet

Image
29-February-2024

Russia, Mali Review Military Partnership

By Kestér Kenn Klomegâh  Russian Foreign Minister Sergey Lavrov has offered an increased military partnership during the latest bilateral talks held on February 28, 2024, with his Malian counterpart Abdoulaye Diop in Moscow. The significance of Russian support is directed at fighting terrorism and enhancing the combat effectiveness of the Malian army and law enforcement agencies, including the training of soldiers and police officers The interim military government has maintained a well-developed multifaceted nature of bilateral relations with Russia since the military ascended into political power. Russian leader Vladimir Putin and Mali’s Interim President Assimi Goita on the sidelines of

Image
29-February-2024

Anthropics Unveils Zyler Virtual Try-On for Menswear

By Modupe Gbadeyanka One of the global leaders in virtual fashion try-on technology, Anthropics, has moved to transform the future of online shopping with the introduction of the Zyler Virtual Try-On for menswear. The new initiative will improve the way consumers shop for clothes, providing a realistic virtual try-on experience. With it, customers can upload a headshot, enter some measurements, and then see themselves on the screen wearing the outfit. Powered by the latest research in Artificial Intelligence, Zyler creates a lifelike virtual representation of the user, allowing them to see how different garments fit and look on their unique

Image
29-February-2024

Aradel Holdings, CSCS, FrieslandCampina Sink NASD Exchange by 0.79%

By Adedapo Adesanya Profit taking in the trio of Aradel Holdings Plc, Central Securities Clearing System (CSCS) Plc, and FrieslandCampina Wamco Nigeria Plc made the NASD Over-the-Counter (OTC) Securities Exchange close the midweek session further in the red territory on February 28 by 0.79 per cent. Aradel Holdings Plc lost N20.50 to close at N2,500.00 per share compared with the previous day’s N2,520.50 per share, CSCS Plc depreciated by N1.35 to end the day at N18.65 per unit versus the N20.00 per unit it was traded on Tuesday, and FrieslandCampina Wamco Plc declined by 63 Kobo to N70.25 per share