The South African Reserve Bank Governor, Lesetja Kganyago announced today that the reserve bank will keep the interest rate unchanged at 6.5 per cent. Kganyago said the MPC looked at the risks to the growth forecast to be on the downside. Annabel Bishop, Chief Economist at Investec joins CNBC Africa to give analysis.
With just a decade left to the realisation of SDGs, sustainable agriculture is crucial in the realisation of goal number two – CNBC Africa's Arnold Kwizera spoke Founder of Seeds and Chips, Marco Gaultieri for more.
The Parliament of Rwanda is hosting the 55th Session of the Africa Caribbean Pacific Parliamentary Assembly and 38th Session of the ACP-EU Joint Parliamentary Assembly in Kigali. CNBC Africa's Fiona Muthoni spoke to Pekka Haavisto the Minister of Foreign Affairs for Finland on the assembly, what impact Brexit will have on EU arrangements with African countries and the Economic Partnerships Agreement deal between the East African Community (EAC) and the EU that has been pending.
In Kenya, foreign currency deposits held in local commercial banks dropped by an equivalent of Ksh12.3 billion between June and August, coinciding with the expiry of a tax amnesty on repatriation of assets held abroad. Also demand for the government short-term debt fell to the lowest level in more than a year after uncapping loan rates despite return on 3 and 6 month papers going up. Senior Procurement Associate at Cytonn Investments, David Kingoo joins CNBC Africa to explain what is moving and shaking the Kenyan market.
South African Reserve Bank (SARB) governor Lesetja Kganyago on Thursday announced that the Monetary Policy Committee (MPC) has decided to leave the repo rate unchanged at 6.5 per cent....
There’s a new investment fund for women entrepreneurs launched in Africa and so far gathered $100m. It is called Alitheia IDF Fund.
It is almost a week since Shoprite Chairman Christo Wiese announced that he will be retiring at the group’s next AGM meeting after serving on the board for almost 3 decades. The shakeup in Shoprite leadership started before Friday’s announcement by Shane Watkins, CEO at All Weather Capital when he nominated Jan le Roux, a former CEO of Pepkor, as a non-executive director of Shoprite to counter Wiese’s dominance. Shane Watkins joins CNBC Africa for more.
The Central Bank of Nigeria (CBN) says the aggregate foreign exchange inflow into Nigeria reached $10.89 billion in October while outflow from the economy was $5.1 in the same period. Director at Zedcrest Capital, Oluseyi Akinbi joins CNBC Africa to discuss stories around Nigeria’s fixed income market.
Due to weak macro-economic fundamentals in Zimbabwe, Volumes of Fast Moving Consumer Goods have declined. Joining CNBC Africa to unpack more of this and their research of ZImbabwe's GDP growth for 2019 is Batanai Matsika, Head of Research at Morgan & Co.
Tsogo Sun Hotels has released its first set of results since unbundling from the Tsogo Sun group. The hotel groups headline earnings per share dropped by 50 per cent to 5.2 cents per share. CNBC Africa’s Kopano Gumbi spoke to Marcel von Aulock, CEO of Tsogo Sun Hotels for more.
Counterfeiting and other forms of illicit trade cost Kenya billions of shillings and a sensitization program targeting counties to combat the vice was recently launched in the country. Deputy Director of Enforcement & Legal Services at Anti-Counterfeit Authority (ACA), Johnson Adera joins CNBC Africa to help understand this.
Shifting gears now to the real estate sector in Dubai, we find out how the Expo 2020 could move the needle for investments in the housing market. CNBC Africa’s Esther Awoniyi caught up with JLL’s CEO for Middle East & Africa, Thiery Delvaux for this discussion....
Alfred Zeufack, Chief Economist, Africa at the World Bank was one of the more than 2200 delegates who attended the Africa Investment Forum, held in Sandton from the 11th to the 13th of November.
Cement company PPC looks to build a wall to recovery as the company works on cost-saving efforts to find composure after it reported a 12 per cent decline in revenue to about R4.95 billion due to a decrease in building activity in SA and hyperinflation in Zimbabwe. The cement producer’s headline earnings per share dropped 71.4 per cent to 6c. PPC CEO, Roland van Wijnen joins CNBC Africa for more.
Emerging helium producer, Renergen Limited, has been approved for a secondary listing on A2X Markets in South Africa and will be listed on the 27th November 2019. The domestic natural gas producer is already listed with the Australian Securities Exchange and the Johannesburg Stock Exchange. A2X Markets CEO, Kevin Brady joins CNBC Africa for more.
Retail Capital has revealed a study that 90 per cent of SME's are struggling to stay afloat in these tough economic times. The study dived into every aspect including macroeconomic challenges such as Eskom, indebted consumers and xenophobia. Retail Capital CEO, Karl Westvig joins CNBC Africa to break this down further.
According to the Dar es Salaam Stock Exchange Plc, Acacia mining officially delisted from the bourse on Monday, two months after the company was delisted from the London Stock Exchange (LSE) Group. This will cut the DSE's total market capitalization by $1.182 billion. Also Vodacom Tanzania earnings rose by 6.5 per cent in the six months to September 2019, driven by strong revenue growth in its M-Pesa, mobile data and messaging services. Alpha Marwa, Managing Partner at Vervet Global Tanzania joins CNBC Africa for more.
Equity Bank is in talks to acquire a 66.5 per cent stake in a top bank in the Democratic Republic of Congo (DRC), Banque Commerciale du Congo. The Nairobi Securities Exchange-listed bank said it will pay $105 million in cash for the 625,354 shares owned by George Arthur Forrest family inclusive of dividends that the bank will declare after 1 January. Analyst, Odhiambo Ramogi joins CNBC Africa for more.
As we await today's bond auction results. Currency Trader at UBA, Deinma Iyagba joins CNBC Africa to review trading activity.