Bboxx taps CFO to head firm in new push to expand Africa operations

Bboxx, a leading company in the energy sector, has recently appointed former CFO Anthony Osijo as its new Chief Executive Officer to oversee the next phase of growth, particularly focusing on the African market. In an exclusive interview with CNBC Africa, Osijo shared his insights on the company's strategic direction and key focus areas moving forward. Osijo emphasized the importance of stability and continuity as he steps into his new role. He acknowledged the significant progress Bboxx has made in Africa under previous leadership and expressed his commitment to building upon that success. With a presence in 10 countries across the continent, Osijo highlighted the need to leverage the company's widespread reach to provide access to energy solutions for customers. When discussing investment plans, Osijo underscored the significance of focusing on existing markets to maximize value. While Bboxx has ambitious expansion goals, including investments nearing $100 million, the CEO emphasized the need to concentrate efforts on the markets where the company currently operates. Osijo pinpointed power, e-mobility, and clean cooking as key sectors of interest for future investments. A particular area of focus for Bboxx is e-mobility, with the company already contributing significantly to Rwanda's e-mobility infrastructure. Osijo acknowledged the challenges of ensuring affordability for customers, highlighting Bboxx's innovative PAYGO operations that allow for flexible payment options. Additionally, he noted the importance of managing currency exchange fluctuations to maintain profitability in the business. In alignment with global sustainability initiatives, Osijo discussed Africa's opportunity in the clean energy transition. He highlighted Africa's low carbon emissions relative to the rest of the world, positioning the continent as a potential leader in sustainable practices. Osijo emphasized the importance of leveraging funding opportunities to support Africa's journey towards net zero emissions, presenting a promising avenue for the continent to contribute positively to global environmental goals. As Bboxx prepares for its next phase of growth and expansion in Africa, Osijo's strategic vision and focus on sustainability and innovation are poised to drive the company forward. With a commitment to providing reliable energy solutions and addressing the evolving needs of customers across the continent, Bboxx under Osijo's leadership is set to make significant strides in the energy sector in Africa.