CNBC Africa https://www.cnbcafrica.com Stock Markets, Business News, Earnings, Africa Fri, 19 Apr 2019 16:13:37 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 Attack on International Rescue Committee (IRC) supported hospital in DRC leads to loss of life; IRC Ebola responders caught in violence https://www.cnbcafrica.com/apo/2019/04/19/attack-on-international-rescue-committee-irc-supported-hospital-in-drc-leads-to-loss-of-life-irc-ebola-responders-caught-in-violence/ https://www.cnbcafrica.com/apo/2019/04/19/attack-on-international-rescue-committee-irc-supported-hospital-in-drc-leads-to-loss-of-life-irc-ebola-responders-caught-in-violence/#disqus_thread Fri, 19 Apr 2019 16:13:37 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/19/attack-on-international-rescue-committee-irc-supported-hospital-in-drc-leads-to-loss-of-life-irc-ebola-responders-caught-in-violence/ International Rescue Committee
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Three IRC staff caught up in attack that led to tragic loss of life of an Ebola Response staff member; IRC stands with the community and sister organizations in mourning thi

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EU endeavours to bridge people through art https://www.cnbcafrica.com/apo/2019/04/19/eu-endeavours-to-bridge-people-through-art/ https://www.cnbcafrica.com/apo/2019/04/19/eu-endeavours-to-bridge-people-through-art/#disqus_thread Fri, 19 Apr 2019 08:43:01 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/19/eu-endeavours-to-bridge-people-through-art/ European Union Delegation to the African Union
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Convinced of the power of art to unite, the EU Delegation to the African Union is organising a series of activities bringing together culture shapers from ac

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EURAFRICAN FORUM 2019: António Vitorino, Director General for the International Organization for Migrations – UN Migration Agency (IOM) confirmed to address about the migration dialogue between Europe and Africa https://www.cnbcafrica.com/apo/2019/04/19/eurafrican-forum-2019-antonio-vitorino-director-general-for-the-international-organization-for-migrations-un-migration-agency-iom-confirmed-to-address-about-the-migration-dialogue-betwee/ https://www.cnbcafrica.com/apo/2019/04/19/eurafrican-forum-2019-antonio-vitorino-director-general-for-the-international-organization-for-migrations-un-migration-agency-iom-confirmed-to-address-about-the-migration-dialogue-betwee/#disqus_thread Fri, 19 Apr 2019 07:13:26 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/19/eurafrican-forum-2019-antonio-vitorino-director-general-for-the-international-organization-for-migrations-un-migration-agency-iom-confirmed-to-address-about-the-migration-dialogue-betwee/ EurAfrican Forum

EurAfrican Forum (www.EurAfricanForum.org), an action-oriented platform that aims to foster stronger collaboration between Europe and Africa, announces the 2019 edition under the theme “Partnership of Equals: Sharing Valu

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Rugby – Zambia: Bhubesi Pride Tours Zambia https://www.cnbcafrica.com/apo/2019/04/19/rugby-zambia-bhubesi-pride-tours-zambia/ https://www.cnbcafrica.com/apo/2019/04/19/rugby-zambia-bhubesi-pride-tours-zambia/#disqus_thread Fri, 19 Apr 2019 07:00:07 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/19/rugby-zambia-bhubesi-pride-tours-zambia/ Zambia Rugby Union (ZRU)
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The Bhubesi Pride Foundation (a UK registered charity organisation) will be touring the former mining town of Kabwe in the Central Province of Zambia.

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You are cordially invited to the SeedCo Zimbabwe Under-20 National Rugby Team kit handover ceremony. 

Seedco Zimbabwe is one of the main team sponsors

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Ambassador Barlerin encourages students to uphold ethical values https://www.cnbcafrica.com/apo/2019/04/19/ambassador-barlerin-encourages-students-to-uphold-ethical-values/ https://www.cnbcafrica.com/apo/2019/04/19/ambassador-barlerin-encourages-students-to-uphold-ethical-values/#disqus_thread Fri, 19 Apr 2019 05:17:09 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/19/ambassador-barlerin-encourages-students-to-uphold-ethical-values/ U.S. Embassy in Cameroon

On April 17, 2019, the U.S. Embassy welcomed 50 members of the Ethics Club of the Government Bilingual High School Nkol-Eton, Yaounde, for a seminar on “Developing a Personal Code of Ethics.” Facilitated by YALI Regional Leadership Center alumni Nkemcha Martin Tiku and Etonde Eliot Nchang Ndeley, this hands-on session informed students ab

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USAID Deputy Administrator Bonnie Glick’s Visit To Kenya, Rwanda, and Ethiopia https://www.cnbcafrica.com/apo/2019/04/19/usaid-deputy-administrator-bonnie-glicks-visit-to-kenya-rwanda-and-ethiopia/ https://www.cnbcafrica.com/apo/2019/04/19/usaid-deputy-administrator-bonnie-glicks-visit-to-kenya-rwanda-and-ethiopia/#disqus_thread Fri, 19 Apr 2019 04:23:08 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/19/usaid-deputy-administrator-bonnie-glicks-visit-to-kenya-rwanda-and-ethiopia/ U.S. Agency for International Development (USAID)
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In Kenya, the Deputy Administrator met with Henry K. Rotich, Cabinet Secretary for the National Treasury, to discuss strengthening the partnership between

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UNHCR evacuates refugees in Libya to Niger amid Tripoli fighting https://www.cnbcafrica.com/apo/2019/04/19/unhcr-evacuates-refugees-in-libya-to-niger-amid-tripoli-fighting/ https://www.cnbcafrica.com/apo/2019/04/19/unhcr-evacuates-refugees-in-libya-to-niger-amid-tripoli-fighting/#disqus_thread Fri, 19 Apr 2019 04:07:36 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/19/unhcr-evacuates-refugees-in-libya-to-niger-amid-tripoli-fighting/ United Nations High Commissioner for Refugees (UNHCR)
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UNHCR, the UN Refugee Agency, has evacuated some 163 refugees from Libya to Niger in the first such flight since fighting escalated in the Libyan capi

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The African Union – United Nations Hybrid Operation in Darfur (UNAMID) condemns violent confrontations in Kalma internally displaced person (IDP) camp in South Darfur https://www.cnbcafrica.com/apo/2019/04/19/the-african-union-united-nations-hybrid-operation-in-darfur-unamid-condemns-violent-confrontations-in-kalma-internally-displaced-person-idp-camp-in-south-darfur/ https://www.cnbcafrica.com/apo/2019/04/19/the-african-union-united-nations-hybrid-operation-in-darfur-unamid-condemns-violent-confrontations-in-kalma-internally-displaced-person-idp-camp-in-south-darfur/#disqus_thread Fri, 19 Apr 2019 03:57:59 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/19/the-african-union-united-nations-hybrid-operation-in-darfur-unamid-condemns-violent-confrontations-in-kalma-internally-displaced-person-idp-camp-in-south-darfur/ African Union-United Nations Mission in Darfur (UNAMID)
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The African Union – United Nations Hybrid Operation in Darfur (UNAMID) strongly condemns recent violent confrontations betwee

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U.S. Embassy Hosts Ethiopia Hacks! 4.0: Hackathon Focused on Countering Misinformation https://www.cnbcafrica.com/apo/2019/04/19/u-s-embassy-hosts-ethiopia-hacks-4-0-hackathon-focused-on-countering-misinformation/ https://www.cnbcafrica.com/apo/2019/04/19/u-s-embassy-hosts-ethiopia-hacks-4-0-hackathon-focused-on-countering-misinformation/#disqus_thread Fri, 19 Apr 2019 03:38:31 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/19/u-s-embassy-hosts-ethiopia-hacks-4-0-hackathon-focused-on-countering-misinformation/ U.S. Embassy Addis Ababa, Ethiopia
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The U.S. Embassy in Addis Ababa is hosting the fourth hackathon under the Ethiopia Hacks! Program from April 19-21, 2019.  This event will challenge coders to find

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What is Huawei? | CNBC Explains https://www.cnbcafrica.com/videos/2019/04/18/what-is-huawei-cnbc-explains/ https://www.cnbcafrica.com/videos/2019/04/18/what-is-huawei-cnbc-explains/#disqus_thread Thu, 18 Apr 2019 19:00:01 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/18/what-is-huawei-cnbc-explains/ Huawei is one of China’s most successful global companies. Its technology is used in more than 170 countries, its smartphones rival Samsung and Appl...

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Media Invitation To Group B U20 Barthés Cup Press Conference https://www.cnbcafrica.com/apo/2019/04/18/media-invitation-to-group-b-u20-barthes-cup-press-conference/ https://www.cnbcafrica.com/apo/2019/04/18/media-invitation-to-group-b-u20-barthes-cup-press-conference/#disqus_thread Thu, 18 Apr 2019 17:36:43 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/18/media-invitation-to-group-b-u20-barthes-cup-press-conference/ Zimbabwe Rugby Union (ZRU)
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You are cordially invited to the SeedCo Zimbabwe Under-20 National Rugby Team kit handover ceremony..

Seedco Zimbabwe is one of the main team sponsors of the Ju

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If you invested $1,000 in Netflix in 2007, here’s how much you’d have now https://www.cnbcafrica.com/news/financial/2019/04/18/if-you-invested-1000-in-netflix-in-2007-heres-how-much-youd-have-now/ https://www.cnbcafrica.com/news/financial/2019/04/18/if-you-invested-1000-in-netflix-in-2007-heres-how-much-youd-have-now/#disqus_thread Thu, 18 Apr 2019 16:06:11 +0000 https://www.cnbcafrica.com/?p=334844 All eyes are on video-streaming giant Netflix, which faces new competition from Disney’s highly anticipated streaming platform,Disney+, as it reported its first-quarter earnings Tuesday.

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Ecobank Transnational Incorporated debut $450 million Eurobond oversubscribed https://www.cnbcafrica.com/apo/2019/04/18/ecobank-transnational-incorporated-debut-450-million-eurobond-oversubscribed/ https://www.cnbcafrica.com/apo/2019/04/18/ecobank-transnational-incorporated-debut-450-million-eurobond-oversubscribed/#disqus_thread Thu, 18 Apr 2019 15:54:52 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/18/ecobank-transnational-incorporated-debut-450-million-eurobond-oversubscribed/ Ecobank
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Ecobank Transnational Incorporated, ETI (www.Ecobank.com), the Lomé-based parent company of the Ecobank Group, is pleased to announce that it has successfully raised $45

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Has billionaire Christo Wiese lost his grip on Shoprite? https://www.cnbcafrica.com/videos/2019/04/18/has-billionaire-christo-wiese-lost-his-grip-on-shoprite/ https://www.cnbcafrica.com/videos/2019/04/18/has-billionaire-christo-wiese-lost-his-grip-on-shoprite/#disqus_thread Thu, 18 Apr 2019 13:43:06 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/18/has-billionaire-christo-wiese-lost-his-grip-on-shoprite/ Henry Biddlecombe, Analyst of Anchor Capital explains why Christo Wiese’s grip on Shoprite is weakening.

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Zimbabwe turns 39, govt vows to solve economic problems https://www.cnbcafrica.com/videos/2019/04/18/zimbabwe-turns-39-govt-vows-to-solve-economic-problems/ https://www.cnbcafrica.com/videos/2019/04/18/zimbabwe-turns-39-govt-vows-to-solve-economic-problems/#disqus_thread Thu, 18 Apr 2019 13:37:28 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/18/zimbabwe-turns-39-govt-vows-to-solve-economic-problems/ Zimbabwe celebrated 39th Independence Day today, amid economic crises with President Emmerson Mnangagwa delivering the key note speech at the main celebrations at the national sports stadium. Joining CNBC Africa for a conversation is Tafadzwa Muguti,

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Is Airbnb putting the hotel industry to bed? https://www.cnbcafrica.com/videos/2019/04/18/is-airbnb-putting-the-hotel-industry-to-bed/ https://www.cnbcafrica.com/videos/2019/04/18/is-airbnb-putting-the-hotel-industry-to-bed/#disqus_thread Thu, 18 Apr 2019 13:35:15 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/18/is-airbnb-putting-the-hotel-industry-to-bed/ It calls itself "The Worldwide alternative to Hotels", and according to a City Press report, has stopped growth in the formal hotel sector. AirBnB, a global digital marketplace & hospitality service, is under the threat of government regulation due to increased competition in the tourism sector. Joining CNBC Africa for more on this is Lee Zama, CEO of the Federated Hospitality Association of South Africa and Lecturer from the Department of Tourism at Tshwane’s University of Technology is Unathi Sonwabile Henama....

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Joint Press Release from the Republic of Liberia and Niron Metals: Republic of Liberia Signs Memorandum of Understanding (MOU) with Niron Metals for Export of Iron Ore from the Zogota Project https://www.cnbcafrica.com/apo/2019/04/18/joint-press-release-from-the-republic-of-liberia-and-niron-metals-republic-of-liberia-signs-memorandum-of-understanding-mou-with-niron-metals-for-export-of-iron-ore-from-the-zogota-project/ https://www.cnbcafrica.com/apo/2019/04/18/joint-press-release-from-the-republic-of-liberia-and-niron-metals-republic-of-liberia-signs-memorandum-of-understanding-mou-with-niron-metals-for-export-of-iron-ore-from-the-zogota-project/#disqus_thread Thu, 18 Apr 2019 12:59:11 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/18/joint-press-release-from-the-republic-of-liberia-and-niron-metals-republic-of-liberia-signs-memorandum-of-understanding-mou-with-niron-metals-for-export-of-iron-ore-from-the-zogota-project/ Niron Metals
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The Government of the Republic of Liberia and Niron Metals Plc (“Niron” or “the Company”) (www.NironMetals.com) are pleased to jointly announce the signing of a Memora

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Stakeholders talk on Nigeria oil and gas free zones https://www.cnbcafrica.com/videos/2019/04/18/stakeholders-talk-on-nigeria-oil-and-gas-free-zones/ https://www.cnbcafrica.com/videos/2019/04/18/stakeholders-talk-on-nigeria-oil-and-gas-free-zones/#disqus_thread Thu, 18 Apr 2019 12:53:54 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/18/stakeholders-talk-on-nigeria-oil-and-gas-free-zones/ Stakeholders talk Oil and Gas Free Zones as viable grounds for promoting sustainable development goals and also discuss the triple bottom line criteria for sustainable development - economic growth, social inclusion and environment - as well as the OGFZA’s strategies for meeting these criteria....

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Uproar over Kenya’s 1.5% housing levy https://www.cnbcafrica.com/videos/2019/04/18/uproar-over-kenyas-1-5-housing-levy/ https://www.cnbcafrica.com/videos/2019/04/18/uproar-over-kenyas-1-5-housing-levy/#disqus_thread Thu, 18 Apr 2019 12:40:30 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/18/uproar-over-kenyas-1-5-housing-levy/ Beginning next month, Kenyan employees will pay 1.5 per cent of their salary to fund the government’s project to build 500,000 affordable homes by 2022. The housing fund levy which is part of President Uhuru Kenyatta’s Big 4 agenda was largely met with backlash from the public. Johnson Denge, Senior Manager & Regional Markets at Cytonn Investments joins CNBC Africa to discuss this.

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Why universities in this East African country are in need of deep reform https://www.cnbcafrica.com/news/special-report/2019/04/18/why-universities-in-this-east-african-country-are-in-need-of-deep-reform/ https://www.cnbcafrica.com/news/special-report/2019/04/18/why-universities-in-this-east-african-country-are-in-need-of-deep-reform/#disqus_thread Thu, 18 Apr 2019 12:39:05 +0000 https://www.cnbcafrica.com/?p=334829 Most public universities in the country are unable to meet basic operating expenses such as salaries, pensions, health care, and maintenance of plant and equipment.

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Kigali looks to emerge as the next great sports city https://www.cnbcafrica.com/videos/2019/04/18/kigali-looks-to-emerge-as-the-next-great-sports-city/ https://www.cnbcafrica.com/videos/2019/04/18/kigali-looks-to-emerge-as-the-next-great-sports-city/#disqus_thread Thu, 18 Apr 2019 12:34:49 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/18/kigali-looks-to-emerge-as-the-next-great-sports-city/ Rwanda's investment in sports infrastructure and talent development manifests the country's mega plan to uplift sports countrywide. It's quite evident from the completion of the Gahanga Cricket stadium at a cost of $1.3 million to the new kid on the block, the Kigali Arena, a 10,000 capacity multi-sport arena in the heart of Kigali. Joining CNBC Africa for a better analysis on all of this is, Sports Analyst and Radio Host Arnold Kwizera.

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Thomas Murray upgrades CSCS risk assessment rating https://www.cnbcafrica.com/videos/2019/04/18/thomas-murray-upgrades-cscs-risk-assessment-rating/ https://www.cnbcafrica.com/videos/2019/04/18/thomas-murray-upgrades-cscs-risk-assessment-rating/#disqus_thread Thu, 18 Apr 2019 12:20:05 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/18/thomas-murray-upgrades-cscs-risk-assessment-rating/ Global post-trade risk and custody specialists Thomas Murray, has upgraded the CSD assessment for Nigeria’s Central Securities Clearing System from an A to A plus. Haruna Jalo-Waziri, CEO of Central Securities Clearing System joins me to discuss what this grade means.

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

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The cost of Nigeria’s rising sugar and wheat imports https://www.cnbcafrica.com/videos/2019/04/18/the-cost-of-nigerias-rising-sugar-and-wheat-imports/ https://www.cnbcafrica.com/videos/2019/04/18/the-cost-of-nigerias-rising-sugar-and-wheat-imports/#disqus_thread Thu, 18 Apr 2019 12:09:03 +0000 https://www.cnbcafrica.com/uncategorized/2019/04/18/the-cost-of-nigerias-rising-sugar-and-wheat-imports/ Asoko Insight says Nigeria imported approximately 5.2 million metric tons of wheat in 2018. Meanwhile, Nigeria is the second largest importer of Sugar in Sub-Saharan Africa with an annual import of 620.6 million dollars as at 2017. Damilare Adesola, Research Analyst at Asoko Insight joins CNBC Africa to discuss the cost of Nigeria’s rising sugar and wheat imports.

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Why South Africa’s GDP growth is likely to shrink by 1.1 percentage points in 2019 https://www.cnbcafrica.com/news/financial/2019/04/18/why-south-africas-gdp-growth-is-likely-to-shrink-by-1-1-percentage-points-in-2019/ https://www.cnbcafrica.com/news/financial/2019/04/18/why-south-africas-gdp-growth-is-likely-to-shrink-by-1-1-percentage-points-in-2019/#disqus_thread Thu, 18 Apr 2019 11:10:22 +0000 https://www.cnbcafrica.com/?p=334827 South Africa’s economic growth will shrink by at least 1.1 percentage points in 2019 and there could be up to 125,000 job losses if...

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