Sterling slid below $1.19 on Wednesday to hit its lowest point since October 2016 as liquidity concerns sent the dollar surging and hammered currencies around the world.
In Kenya, firms dealing in flowers have registered a 60 per cent drop in production this season following heavy rains, plagued by pests and diseases, which in turn hurt supplies and increase the cost. Britain is the second largest export destination for Kenya's cut flowers after the Netherlands, taking almost 18 per cent of the flowers produced in the country. Alex Owiti, Communication Consultant of the Horticulture Industry in East Africa joins to share how much of an impact the drop is to the economy as well as if Brexit will affect the Kenya flower trade.
As the dust of Britain’s exit from the European Union settles we are discussing what trade relations between the U.K and South Africa is going to look like for the foreseeable future. Joining CNBC Africa for more is Lord Peter Hain a former UK MP and visiting lecturer at GIBS Business School.
As the UK officially leaves the European Union today, Marta Foresti, Director of ODI Europe at the Overseas Development Institute joins CNBC Africa to discuss what lies ahead for Britain and the future of its relationship with Africa.
It’s the last day of January and still no word on the re-opening of Nigeria's borders. The government of Nigeria closed its land borders in August last year to check the activities of smugglers. However, Nigeria's government said the borders will remain closed until recommendations from the Joint Patrol Committee were received. Sam Chidoka, Managing Director of Kairos Capital joins CNBC Africa for more.
Britain’s divorce from the European Union takes place today after an emotional debate that took place on Wednesday and a tumultuous three years of voting and a rotating door of prime ministers. Today marks the symbolic exit of Britain from the European Union as the official regulatory exit will take another 11 months to officially be parted from the EU. Deon Gouws, Chief Investment Officer at Credo Wealth joins CNBC Africa for more.
Nigeria and UK investors signed commercial deals worth 324 million pounds at the just concluded UK-Africa Investment Summit according to a statement by the British Deputy High Commission. Ahead of Britain’s exit from the European Union – British Deputy High Commissioner, Harriet Thompson joins CNBC Africa to discuss ways the UK plans to consolidate its ties with Nigeria.
The UK-Morocco Business Dialogue aims to attract and engage in trade and investment opportunities for Morocco. The conference takes place just a day after the salient U.K Africa investment summit and Morocco stands to play an important role in the economic emergence of Africa. CNBC Africa’s Chris Bishop spoke to Minister Delegate for African Cooperation, Mohcine Jazouli.