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<p>The Deputy Governor of Lagos state, Obafemi Hamzat says as litigation gains ground in Nigeria, the country must embrace technology, and respect the rule of law. From the sidelines of the 59th Annual General Conference of the Nigerian Bar Association, Obafemi Hamzat joins CNBC Africa&#8217;s Esther Awoniyi for more.</p>


Obafemi Hamzat on how technology can enhance the rule of law in Nigeria

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<p>Despite concerns on the state of Nigeria’s debt, the country’s Finance Minister Zainab Ahmed, has said that Nigeria has a revenue problem and not a debt problem. Egie Akpata, Director of Union Capital Markets joins CNBC Africa for more.</p>


Does Nigeria have a debt problem?

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<p>The Governor of Nigeria’s Nasarawa state; Abdullahi Sule says engagements with the private sector reveal that poor road network and power have been the major reasons impacting significant investments into the state. From the sidelines of the 59th Annual General Conference of the Nigerian Bar Association, he discussed the plans to fix the highlighted problems with CNBC Africa’s Christy Cole.</p>


Abdullahi Sule on what makes Nasarawa attractive to investors

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<p>Woolworth’s struggle continues as the company’s headline earnings were down by 4.6 per cent to 330 cents per share and the groups dividend decreased by 20 per cent.</p>


Woolworths CEO: Why you should look beyond David Jones on results


<p>TOKYO (Reuters) &#8211; Japan will offer enhanced trade insurance to boost private sector investment in Africa, Prime Minister Shinzo Abe said on Wednesday as his country competes with rival China for influence in the resource-rich continent.</p>



<p> “Let me make a promise,” Abe told the Tokyo International Conference on African Development (TICAD) attended by a few dozen African leaders and representatives of international organisations such as the World Bank.</p>



<p>“The Japanese government will do its utmost so that our private-sector investment in Africa, which came to $20 billion over the past three years, will be expanded continuously,” Abe added.</p>



<p>The enhanced insurance would fully cover loans to African governments, their affiliated institutions or private companies buying Japanese goods for infrastructure projects in Africa, according to government briefing materials and a state-run firm offering trade insurance.</p>



<p>“For example, our cooperation with local financial institutions will create a new trade insurance that could cover 100% of your transactions,” Abe said in his speech.</p>



<p>He did not make a major funding announcement at the Tokyo meeting.</p>



<p>At the last TICAD conference in the Kenyan capital Nairobi in 2016, Japan pledged $30 billion in public and private support for infrastructure development, education and healthcare in Africa over three years.</p>



<p>Foreign investment in sub-Saharan Africa rose 13% last year to $32 billion, bucking a global downward trend and reversing two years of decline, according to a United Nations report published in June. [nL8N23K3T7]</p>



<p>Last September at a summit with African leaders in Beijing, Chinese President Xi Jinping pledged $60 billion in financing for Africa and wrote off some debt for the continent’s poorer nations. [nL3N1VP28R]</p>



<p>Western critics say the Chinese funding is saddling the continent with unsustainable debt, but Beijing denies it is engaging in “debt trap” diplomacy. [nL3N1VQ2CD]</p>



<p>Reporting by Kiyoshi Takenaka; editing by Darren Schuettler </p>


Here’s how Japan plans to drive Africa investment

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<p>Education and Recruitment Company ADvTECH saw solid interim results as it increased its revenue by 15 per cent and its headline earnings per share by 28 per cent to 43.4 cents per share. Their growth was driven by an increased presence in the mid-fee sector and its tertiary education division. ADvTECH CEO joins CNBC Africa for more.</p>


ADvTECH CEO: How emigration is impacting our business, why we see great potential in East Africa

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<p>Logistics is an important sector that is central to seamless trade. Although infrastructure remains the biggest challenge to the sector, inadequate skills among professionals is another impediment. Bucyana Murekezi, Chartered Member of the International Institute of Logistics and Transport (IILT) joins CNBC Africa for more.</p>


Building capacity for Africa’s logistics professionals

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<p>Last week the presidents of Rwanda and Uganda signed a MoU in Angola to restore relations between the two countries. A week later, have we seen progress? Has trade resumed? To discuss this and other regional headlines this week, Analyst and Chief Strategist at Impact Communications Strategies, Ken Agutamba joins CNBC Africa for more.</p>


Rwanda, Uganda MoU: Has progress been made thus far?

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<p>The second largest distributor of consumer goods in Africa, Massmart has scrapped its dividend after widening its headline losses for the first time in 5 years by 490 per cent to R796.6 million. Like its counterpart Shoprite, Massmart is also battling with currency weakness in Africa with a R81.9 million loss in foreign exchange. The group&#8217;s trading profit has also decreased by 52 per cent. CNBC Africa is joined by Guy Hayward, outgoing CEO of Massmart.</p>


Massmart scraps dividend after tough year

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<p>Embattled construction company Aveng has recorded a final year loss of R1.1 billion. The company has been struggling to regain ground after nearly folding in 2018. CNBC Africa’s Kopano Gumbi spoke to the CEO, Sean Flanagan for more.</p>


Aveng CEO: Where we see opportunities for growth, how we are going to consolidate debt

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<p>South African food services firm Bid Corp Ltd (Bidcorp) reported on Wednesday a 12.5 per cent increase in full-year earnings. Headline earnings per share from continuing operations came in at  1,443.6 cents in the year ended June 30. CNBC Africa spoke to CEO Bernard Berson and we asked why they performed so well in the UK.</p>


Bid Corp sees increase in FY revenue

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<p>The gender equality in South Africa&#8217;s mining industry runs as deep as the mines themselves. What does the next generation of women in the industry have to look forward? Joining CNBC Africa for more is Deshnee Naidoo, CEO Vedanta Zinc and YPO Member.</p>


Vedanta Zinc CEO Deshnee Naidoo on breaking barriers in male dominated mining industry

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<p>Murray &#038; Roberts is reporting a solid set of results for the year end-June.  Attributable earnings are up 26 per cent to R337 million while Diluted continuing HEPS dropped by 10 per cent to 101 cents. Joining CNBC Africa for more is Henry Laas, CEO, Murray &#038; Roberts.</p>


Murray & Roberts weathers SA construction storm, charts new pathway to growth

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<p>Nigeria’s equities market today registered its third consecutive session of losses this week. Baba Ibrahim, Managing Director at Mainstreet Securities joins CNBC Africa for more.</p>


Nigerian market watch: Investment encouraged for more stability

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<p>Allen Onyema, CEO of Nigerian indigenous airline, Air Peace says the government has supported local airlines through tax waivers and more but there is a need for a review of the country’s Bilateral Aviation Safety Agreements (BASA) in other to foster the growth of local players. To examine the state of Nigeria’s aviation sector at the ongoing 59th Annual General Conference of the Nigerian Bar Association, Allen Onyema joins CNBC Africa’s Christy Cole for more.</p>


Air Peace CEO: Nigeria needs to review all aviation safety agreements

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<p>A panel session at the ongoing 59th Annual General Conference of the Nigerian Bar Association focused on space law, exploration and research in Nigeria and the benefit it presents to the country. To discuss his takeaways from the panel session Bart Nnaji, Chairman and CEO of Geometric Power and former Minister of Power in Nigeria joins CNBC Africa’s Christy Cole for more.</p>


NBA delves into space law, exploration research and futuristic thinking

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<p>One of Africa&#8217;s largest alcoholic drinks unit, Distell, says is likely to hold off on further investments in Zimbabwe until signs of currency relief. Distell posted a 1.8 per cent drop in full-year profit, headline earnings per share are down 1.7 per cent to 656.4 cents compared with 688.2 cents a year ago. Joining CNBC Africa for more is Richard Rushton, CEO, Distell.</p>


Africa

Obafemi Hamzat on how technology can enhance the rule of law in Nigeria

Does Nigeria have a debt problem?

Abdullahi Sule on what makes Nasarawa attractive to investors

Woolworths CEO: Why you should look beyond David Jones on results

Here’s how Japan plans to drive Africa investment

ADvTECH CEO: How emigration is impacting our business, why we see great potential in East Africa

Building capacity for Africa’s logistics professionals

Rwanda, Uganda MoU: Has progress been made thus far?

Massmart scraps dividend after tough year

Aveng CEO: Where we see opportunities for growth, how we are going to consolidate debt

Bid Corp sees increase in FY revenue

Vedanta Zinc CEO Deshnee Naidoo on breaking barriers in male dominated mining industry

Murray & Roberts weathers SA construction storm, charts new pathway to growth

Nigerian market watch: Investment encouraged for more stability

Air Peace CEO: Nigeria needs to review all aviation safety agreements

NBA delves into space law, exploration research and futuristic thinking

Revenue flowing freely at Distell’s rest-of-Africa business

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Africa

Obafemi Hamzat on how technology can enhance the rule of law in Nigeria

Does Nigeria have a debt problem?

Abdullahi Sule on what makes Nasarawa attractive to investors

Woolworths CEO: Why you should look beyond David Jones on results

Here’s how Japan plans to drive Africa investment

ADvTECH CEO: How emigration is impacting our business, why we see great potential in East Africa

Building capacity for Africa’s logistics professionals

Rwanda, Uganda MoU: Has progress been made thus far?

Massmart scraps dividend after tough year

Aveng CEO: Where we see opportunities for growth, how we are going to consolidate debt

Bid Corp sees increase in FY revenue

Vedanta Zinc CEO Deshnee Naidoo on breaking barriers in male dominated mining industry

Murray & Roberts weathers SA construction storm, charts new pathway to growth

Nigerian market watch: Investment encouraged for more stability

Air Peace CEO: Nigeria needs to review all aviation safety agreements

NBA delves into space law, exploration research and futuristic thinking

Revenue flowing freely at Distell’s rest-of-Africa business

News Tips

Advertise With Us

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