CNBC Africa https://www.cnbcafrica.com Stock Markets, Business News, Earnings, Africa Wed, 12 Dec 2018 16:05:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.0 Motion filed to impeach the president of this East African country, what you need to know… https://www.cnbcafrica.com/zdnl-mc/2018/12/12/motion-filed-to-impeach-the-president-of-this-east-african-country-what-you-need-to-know/ https://www.cnbcafrica.com/zdnl-mc/2018/12/12/motion-filed-to-impeach-the-president-of-this-east-african-country-what-you-need-to-know/#respond Wed, 12 Dec 2018 14:51:59 +0000 https://www.cnbcafrica.com/?p=324434 Constitutionally, 92 lawmakers have to sign such a motion for it to be submitted to the speaker.

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National Energy Services Reunited Corp. Signs an Agreement with Saudi Aramco to Open a Facility in King Salman Energy Park (‘SPARK’) https://www.cnbcafrica.com/apo/2018/12/12/national-energy-services-reunited-corp-signs-an-agreement-with-saudi-aramco-to-open-a-facility-in-king-salman-energy-park-spark/ https://www.cnbcafrica.com/apo/2018/12/12/national-energy-services-reunited-corp-signs-an-agreement-with-saudi-aramco-to-open-a-facility-in-king-salman-energy-park-spark/#respond Wed, 12 Dec 2018 13:43:30 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/national-energy-services-reunited-corp-signs-an-agreement-with-saudi-aramco-to-open-a-facility-in-king-salman-energy-park-spark/ National Energy Services Reunited Corp

National Energy Services Reunited Corp. (''NESR'') (NASDAQ: NESR) (NASDAQ: NESRW) (www.NESR.com), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (''MENA'') region, today signed a land lease agreement with Saudi Aramco to build a state of the art ope

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Alternative funding solutions for entrepreneurs https://www.cnbcafrica.com/videos/2018/12/12/alternative-funding-solutions-for-entrepreneurs/ https://www.cnbcafrica.com/videos/2018/12/12/alternative-funding-solutions-for-entrepreneurs/#respond Wed, 12 Dec 2018 13:35:40 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/alternative-funding-solutions-for-entrepreneurs/ Kumaran Padayachee, Chief Executive of Spartan SME finance joins CNBC Africa to explore alternative funding solutions to start-ups and SMEs.

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DA leader Maimane laments on the year that was https://www.cnbcafrica.com/videos/2018/12/12/da-leader-maimane-laments-on-the-year-that-was/ https://www.cnbcafrica.com/videos/2018/12/12/da-leader-maimane-laments-on-the-year-that-was/#respond Wed, 12 Dec 2018 13:17:40 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/da-leader-maimane-laments-on-the-year-that-was/ CNBC Africa's Karabo Letlhatlha caught up with the leader of Democratic Alliance, Mmusi Maimane earlier today at the launch of their new headquarters to reflect on the state of the party in 2018.

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Investors snub CBN auction, sells only N39bn worth of OMO bills https://www.cnbcafrica.com/videos/2018/12/12/investors-snub-cbn-auction-sells-only-n39bn-worth-of-omo-bills/ https://www.cnbcafrica.com/videos/2018/12/12/investors-snub-cbn-auction-sells-only-n39bn-worth-of-omo-bills/#respond Wed, 12 Dec 2018 13:04:45 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/investors-snub-cbn-auction-sells-only-n39bn-worth-of-omo-bills/ The Central Bank of Nigeria only sold 39 billion naira via an OMO auction on Wednesday although the total amount on offer was 100 billion naira. Olawale Hamed, Currency Trader at UBA joins CNBC Africa to discuss this and other events shaping Nigeria’s fixed income and forex market.

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Tony Elumelu urges strong support for Africa’s entrepreneurs https://www.cnbcafrica.com/videos/2018/12/12/tony-elumelu-urges-strong-support-for-africas-entrepreneurs/ https://www.cnbcafrica.com/videos/2018/12/12/tony-elumelu-urges-strong-support-for-africas-entrepreneurs/#respond Wed, 12 Dec 2018 13:04:30 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/tony-elumelu-urges-strong-support-for-africas-entrepreneurs/ The Tony Elumelu Foundation has championed and made real investment in African entrepreneurs across the continent. Speaking to CNBC Africa at today's Intra-African Trade Fair in Cairo, founder Tony Elumelu highlighted the importance of cross-continental collaboration.

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Retail trade sales rose 2.2% y/y in October 2018 https://www.cnbcafrica.com/videos/2018/12/12/retail-trade-sales-rose-2-2-y-y-in-october-2018/ https://www.cnbcafrica.com/videos/2018/12/12/retail-trade-sales-rose-2-2-y-y-in-october-2018/#respond Wed, 12 Dec 2018 13:04:30 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/retail-trade-sales-rose-2-2-y-y-in-october-2018/ Retail trade sales increased by 2.2 per cent year-on-year in October 2018, up from 0.6 per cent in the previous month. The biggest contributor was retailers in the household furniture, appliances and equipment was up 10.1 per cent. CNBC Africa's Kopano Gumbi spoke to Tsitsi Hatendi-Matika, Head Retail Investment Specialist, Absa's Wealth & Investment Management to unpack these numbers.

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Rwanda on track to meet 2018 growth forecast – WB https://www.cnbcafrica.com/videos/2018/12/12/rwanda-on-track-to-meet-2018-growth-forecast-wb/ https://www.cnbcafrica.com/videos/2018/12/12/rwanda-on-track-to-meet-2018-growth-forecast-wb/#respond Wed, 12 Dec 2018 12:54:31 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/rwanda-on-track-to-meet-2018-growth-forecast-wb/ Rwanda continued to expand her economy in the first half of 2018 and is on track to meet the forecast growth of 7.2 per cent for the year. That’s according to the World Bank’s 13th Rwanda economic update. For more CNBC Africa is joined by Aghassi Mkrtchyan, Senior Eonomist at the World Bank.

https://www.cnbcafrica.com/videos/...

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Department of International Relations and Cooperation (DIRCO) and members of the diplomatic corps honour Madiba https://www.cnbcafrica.com/apo/2018/12/12/department-of-international-relations-and-cooperation-dirco-and-members-of-the-diplomatic-corps-honour-madiba/ https://www.cnbcafrica.com/apo/2018/12/12/department-of-international-relations-and-cooperation-dirco-and-members-of-the-diplomatic-corps-honour-madiba/#respond Wed, 12 Dec 2018 12:48:08 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/department-of-international-relations-and-cooperation-dirco-and-members-of-the-diplomatic-corps-honour-madiba/ Republic of South Africa: Department of International Relations and Cooperation
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The lives of the senior citizens of Ekuphumleni Old Age Home in Zwide, Port Elizabeth will never be the same. This, after th

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Africa: The Republic of Kenya’s National Day https://www.cnbcafrica.com/apo/2018/12/12/africa-the-republic-of-kenyas-national-day/ https://www.cnbcafrica.com/apo/2018/12/12/africa-the-republic-of-kenyas-national-day/#respond Wed, 12 Dec 2018 12:32:58 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/africa-the-republic-of-kenyas-national-day/ U.S. Department of State
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By Michael R. Pompeo, Secretary of State

On behalf of the Government of the United States of America, I offer my congratulations on the occasion of Kenya’s

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Liverpool School of Tropical Medicine (LSTM)’s inaugural graduation ceremony: Dr. Letitia Obeng honoured https://www.cnbcafrica.com/apo/2018/12/12/liverpool-school-of-tropical-medicine-lstms-inaugural-graduation-ceremony-dr-letitia-obeng-honoured/ https://www.cnbcafrica.com/apo/2018/12/12/liverpool-school-of-tropical-medicine-lstms-inaugural-graduation-ceremony-dr-letitia-obeng-honoured/#respond Wed, 12 Dec 2018 12:30:09 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/liverpool-school-of-tropical-medicine-lstms-inaugural-graduation-ceremony-dr-letitia-obeng-honoured/ British High Commission Accra
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Liverpool School of Tropical Medicine (LSTM) has honoured Dr. Letitia Obeng at its inaugural graduation ceremony at Liverpool’s iconic Liver Building, as she was presen

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Ghanaian military officer to receive prestigious award in the UK https://www.cnbcafrica.com/apo/2018/12/12/ghanaian-military-officer-to-receive-prestigious-award-in-the-uk/ https://www.cnbcafrica.com/apo/2018/12/12/ghanaian-military-officer-to-receive-prestigious-award-in-the-uk/#respond Wed, 12 Dec 2018 12:16:09 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/ghanaian-military-officer-to-receive-prestigious-award-in-the-uk/ British High Commission Accra
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Ghanaian military officer to receive prestigious award at the Royal Military Academy Sandhurst in the United Kingdom.

Officer Cadet Gershon Anerboi Abbey of

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Emma Wade-Smith explains on UK-Africa relations after Brexit https://www.cnbcafrica.com/videos/2018/12/12/emma-wade-smith-explains-on-uk-africa-relations-after-brexit/ https://www.cnbcafrica.com/videos/2018/12/12/emma-wade-smith-explains-on-uk-africa-relations-after-brexit/#respond Wed, 12 Dec 2018 12:05:36 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/emma-wade-smith-explains-on-uk-africa-relations-after-brexit/ The U.K Commissioner for Africa, Emma Wade-Smith says the U.K is working strongly to ensure that the U.K has continuity in its trading arrangement after Brexit. She spoke to CNBC Africa’s Christy Cole on the side-lines of the Africa 2018 forum and discussed what Brexit would mean for the U.K’s trade relation with Africa.

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Africa’s airline industry is the weakest in the world, this is how bad it is https://www.cnbcafrica.com/news/east-africa/2018/12/12/%ef%bb%bfafricas-airline-industry-is-the-weakest-in-the-world-this-is-how-bad-it-is/ https://www.cnbcafrica.com/news/east-africa/2018/12/12/%ef%bb%bfafricas-airline-industry-is-the-weakest-in-the-world-this-is-how-bad-it-is/#respond Wed, 12 Dec 2018 12:05:15 +0000 https://www.cnbcafrica.com/?p=324374 Africa is expected to retain its position as the weakest airline region in the world in 2019, as it has been over the past four years.

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South Africa Government concerned about the growing number of South Africans detained abroad https://www.cnbcafrica.com/apo/2018/12/12/south-africa-government-concerned-about-the-growing-number-of-south-africans-detained-abroad/ https://www.cnbcafrica.com/apo/2018/12/12/south-africa-government-concerned-about-the-growing-number-of-south-africans-detained-abroad/#respond Wed, 12 Dec 2018 11:49:19 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/south-africa-government-concerned-about-the-growing-number-of-south-africans-detained-abroad/ Republic of South Africa: Department of International Relations and Cooperation
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More than 800 South Africans are in prisons across the world for visa-related violations, drug-related charges, as well as v

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Minister Ndabeni-Abrahams to lead a Cybersecurity Awareness Outreach Programme in Sakhela, Mthatha https://www.cnbcafrica.com/apo/2018/12/12/minister-ndabeni-abrahams-to-lead-a-cybersecurity-awareness-outreach-programme-in-sakhela-mthatha/ https://www.cnbcafrica.com/apo/2018/12/12/minister-ndabeni-abrahams-to-lead-a-cybersecurity-awareness-outreach-programme-in-sakhela-mthatha/#respond Wed, 12 Dec 2018 11:49:03 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/minister-ndabeni-abrahams-to-lead-a-cybersecurity-awareness-outreach-programme-in-sakhela-mthatha/ Republic of South Africa: Department of Government Communication and Information
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The Minister of Communications, Ms Stella Ndabeni-Abrahams will, on 13 December 2018, lead a cybersecurity awareness progra

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What you need to know about Tanzania signing a $3 billion power plant deal https://www.cnbcafrica.com/uncategorized/2018/12/12/what-you-need-to-know-about-tanzania-signing-a-3-billion-power-plant-deal/ https://www.cnbcafrica.com/uncategorized/2018/12/12/what-you-need-to-know-about-tanzania-signing-a-3-billion-power-plant-deal/#respond Wed, 12 Dec 2018 11:42:01 +0000 https://www.cnbcafrica.com/?p=324359 DAR ES SALAAM (Reuters) – Tanzania will sign a deal this week for the construction of a $3 billion hydroelectric power plant, the president said in remarks broadcast on state television on Tuesday. President John Magufuli did not name the company awarded the contract for the power plant and dam to be built in the […]

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Is investing in emerging markets worth it? – CNBC Africa explains https://www.cnbcafrica.com/videos/2018/12/12/is-investing-in-emerging-markets-worth-it-cnbc-africa-explains/ https://www.cnbcafrica.com/videos/2018/12/12/is-investing-in-emerging-markets-worth-it-cnbc-africa-explains/#respond Wed, 12 Dec 2018 10:19:50 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/is-investing-in-emerging-markets-worth-it-cnbc-africa-explains/ Emerging markets have become a key contributor to global economic growth but is investing in these economies worth it? CNBC Africa’s Busi Lethole explains.

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Home Affairs Minister to assess operations at OR Tambo International Airport and brief Media on UN Conference on Global Compact on Migration https://www.cnbcafrica.com/apo/2018/12/12/home-affairs-minister-to-assess-operations-at-or-tambo-international-airport-and-brief-media-on-un-conference-on-global-compact-on-migration/ https://www.cnbcafrica.com/apo/2018/12/12/home-affairs-minister-to-assess-operations-at-or-tambo-international-airport-and-brief-media-on-un-conference-on-global-compact-on-migration/#respond Wed, 12 Dec 2018 10:16:27 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/home-affairs-minister-to-assess-operations-at-or-tambo-international-airport-and-brief-media-on-un-conference-on-global-compact-on-migration/ Republic of South Africa: Department of Government Communication and Information
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The Minister of Home Affairs, Dr Siyabonga Cwele, is scheduled to interact with travellers and immigration officials on Thu

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Assessing Africa’s investment landscape https://www.cnbcafrica.com/videos/2018/12/12/assessing-africas-investment-landscape/ https://www.cnbcafrica.com/videos/2018/12/12/assessing-africas-investment-landscape/#respond Wed, 12 Dec 2018 10:13:53 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/assessing-africas-investment-landscape/ The International Monetary Fund recently warned that storm clouds were gathering over the global economy and that governments and central banks might not be well- equipped to cope. CNBC Africa finds out how the global investment landscape is shaping up as well as focus on Africa as an investment destination with Jonas David, Strategist at UBS Global Wealth Management.

https://www.cnbcafrica.com/videos/...

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https://www.cnbcafrica.com/videos/2018/12/12/assessing-africas-investment-landscape/feed/ 0 Assessing Africa’s investment landscape - CNBC Africa The International Monetary Fund recently warned that storm clouds were gathering over the global economy and that governments and central banks might not be well- equipped to cope. CNBC Africa finds out how the global investment landscape is shaping up as well as focus on Africa as an investment des
Access Bank expects Nigeria’s November inflation to rise to 11.31% https://www.cnbcafrica.com/videos/2018/12/12/access-bank-expects-nigerias-november-inflation-to-rise-to-11-31/ https://www.cnbcafrica.com/videos/2018/12/12/access-bank-expects-nigerias-november-inflation-to-rise-to-11-31/#respond Wed, 12 Dec 2018 09:52:39 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/access-bank-expects-nigerias-november-inflation-to-rise-to-11-31/ In its inflation forecast report, Access Bank predicts Nigeria’s November inflation rate to rise to 11.31 per cent from 11.26 per cent recorded in October. Biyi Ogundepo, Head, Sales and Trading at Access bank joins CNBC Africa to discuss the drivers of this number.

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Former Banyana Banyana captain Portia Modise bemoans lack of support for women’s football in SA https://www.cnbcafrica.com/videos/2018/12/12/banyana-banyana-coach-portia-modise-bemoans-lack-of-support-for-womens-soccer-in-sa/ https://www.cnbcafrica.com/videos/2018/12/12/banyana-banyana-coach-portia-modise-bemoans-lack-of-support-for-womens-soccer-in-sa/#respond Wed, 12 Dec 2018 09:34:18 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/banyana-banyana-coach-portia-modise-bemoans-lack-of-support-for-womens-soccer-in-sa/ Banyana Banyana coach Desiree Ellis and former Banyana captain Portia Modise join CNBC Africa to talk about the state of women’s football in South Africa.

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How to best maximise Africa’s demographic dividend https://www.cnbcafrica.com/videos/2018/12/12/how-to-best-maximise-africas-demographic-dividend/ https://www.cnbcafrica.com/videos/2018/12/12/how-to-best-maximise-africas-demographic-dividend/#respond Wed, 12 Dec 2018 09:06:45 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/how-to-best-maximise-africas-demographic-dividend/ According to UNDP, by 2055, Africa’s youth population is expected to be more than double the 2015 total of 226 million. To maximize its demographic dividend, the continent will rely heavily on the Civil Society Organization sector over the next few decades. To better understand this CNBC Africa is joined by Mamadou Biteye, Managing Director for Africa Regional Office at The Rockefeller Foundation.

https://www.cnbcafrica.com/videos/...

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https://www.cnbcafrica.com/videos/2018/12/12/how-to-best-maximise-africas-demographic-dividend/feed/ 0 How to best maximise Africa's demographic dividend - CNBC Africa According to UNDP, by 2055, Africa’s youth population is expected to be more than double the 2015 total of 226 million. To maximize its demographic dividend, the continent will rely heavily on the Civil Society Organization sector over the next few decades. To better understand this CNBC Africa is j
China, US battle for influence in Africa https://www.cnbcafrica.com/videos/2018/12/12/china-us-battle-for-influence-in-africa/ https://www.cnbcafrica.com/videos/2018/12/12/china-us-battle-for-influence-in-africa/#respond Wed, 12 Dec 2018 08:52:40 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/china-us-battle-for-influence-in-africa/ China and United States are battling for influence in African infrastructure lending. This is according to a new research by Baker McKenzie. This report shows that development finance lending from state-backed institutions is the most important component of infrastructure funding in the sub-Saharan. Most interesting from this research titled 'A Changing World: New trends in emerging market infrastructure', is that African economies will come out the big winner in all this. Jen Stolp, Head of Project Finance at Baker McKenzie joins CNBC Africa for more.

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Ecobank, the Pan African Bank, appoints MFS Africa Ltd as Digital payment partner https://www.cnbcafrica.com/apo/2018/12/12/ecobank-the-pan-african-bank-appoints-mfs-africa-ltd-as-digital-payment-partner/ https://www.cnbcafrica.com/apo/2018/12/12/ecobank-the-pan-african-bank-appoints-mfs-africa-ltd-as-digital-payment-partner/#respond Wed, 12 Dec 2018 08:52:23 +0000 https://www.cnbcafrica.com/uncategorized/2018/12/12/ecobank-the-pan-african-bank-appoints-mfs-africa-ltd-as-digital-payment-partner/ Ecobank
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Ecobank (www.Ecobank.com) The Pan-African bank announced today the appointment of MFS Africa (www.MFSAfrica.com) as Digital payment partner enabling cross-platform payment services for Ecobank a

The post Ecobank, the Pan African Bank, appoints MFS Africa Ltd as Digital payment partner appeared first on CNBC Africa.

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