MTN Nigeria says they managed to maintain double-digit service revenue growth of 12.6 per cent for the first half of the year despite the challenging environment witnessed in the second quarter. However, the communications services provider witnessed a 4.7 per cent decline in its half-year post-tax profits. MTN Nigeria CFO, Modupe Kadri joins CNBC Africa to break down the numbers.
As trading at Nigeria’s financial markets for the month of August kicks off, Nnamdi Nwizu, Co-Managing Partner at Comercio Partners joins CNBC Africa to highlight those trends that are likely to impact activities at the fixed income and Forex market this month....
Gabon is added to the list of African countries that have received an IMF loan under the Rapid Financing Instrument scheme; this is also the second loan to the country amid the COVID-19 crisis bringing the total loan to $300 million. Ridle Markus, Africa Strategist, Absa Corporate and Investment Banking joins CNBC Africa for more.
East Africa Community member states, Rwanda and Kenya on the 1st of this month opened up their airspaces to commercial flights after more than four months of lock-downs. So what kind of impact will this have on the struggling aviation sector? Derek Nseko, Aviation Industry Expert and Managing Director iFly Aviation spoke to CNBC Africa for more.
So usually on Mondays, we could look back at the box office hits from the weekend, not as much anymore as the big screens and cinemas in particular have been heavily hit by the pandemic but in this, could we see some form of opportunity.
A breaking news story, a few minutes back at the opening bell of the Rwanda Stock Exchange, the country’s leading cement manufacturer CIMERWA PLC listed a free float of more than 344,000 shares for trading to interested investors, joining CNBC Africa for more is the Board Chairman of CIMERWA PPC, Regis Rugemanshuro.
The severe economic recession together with the COVID-19 pandemic brought infrastructure to its knees. With the announcement of an additional R4 billion injection to strengthen the Gauteng Budget, how will MEC Motara allocate the funds? She spoke to CNBC Africa for more....