Tag: Closing Bell

How COVID-19 has dampened interest in Uganda’s oil blocks

Uganda launched its second licensing round for five blocks in the oil-rich Albertine Graben last year, however, it ended the last round of the bid with only six companies

A2X CEO reflects on the last three years, COVID-19 & outlook on company listings

Three years after launching, South African stock exchange A2X now has 37 securities listed. The alternative stock exchange has five of the country’s top six brokers trading on the exchange, and a combined market cap of over R2.1 trillion. Joining CNBC Africa to unpack the journey and latest developments is Kevin Brady, CEO of A2X.

Tshokolo Nchocho on how the IDC is responding to COVID-19 crisis

The IDC and its financing subsidiaries recorded a loss of R3 billion for the year ended March, compared to a profit of R226 million in the previous financial year. A large contributor was a drop in the value of the IDC’s listed share portfolio. Sasol alone set the IDC back R22 billion, as the share price plummeted due to the Lake Charles Project challenges and the oil price war. Joining us to review those numbers is Tshokolo Nchocho, CEO of the Industrial Development Corporation.

Ugandan court suspends ruling banning cross-border lending

A ruling that that banned foreign banks from participating in syndicated loans in the Ugandan banking sector was suspended last week by the country's High Court. Rama Omonya, Advocate and Political Analyst in Uganda joins CNBC Africa for more.

How the Start-up Bill impacts Kenya’s SME ecosystem

Last month, Kenya published a start-up bill that aims to improve the start-up ecosystem by facilitating access to capital, lowering barriers to entry into market, among others. Victor Otieno, Managing Director at Viffa Consult shares updates and further insights into how it’ll shape the SME ecosystem.

Health Minister Ngamije on Rwanda’s plan to tackle non-communicable diseases

Yesterday at the World Health Summit, Rwanda presented the country's five-year strategy to reduce premature mortality from non-communicable diseases, in efforts to achieve the Sustainable Development Goal 3.

MAX.ng taps Nigeria’s capital market for growth

Nigerian mobility platform MAX.ng issued a 400 million naira one-year fixed rate series-one bond under its newly structured 10billion naira Private Company Bond program. Guy-Bertrand Njoya, Chief Financial Officer at Max.ng joins CNBC Africa for more.

Trump vs. Biden: What the U.S election means for Africa

The early birds have already cast over 60 million votes as the race between Vice President Joe Biden and President Donald Trump gears up.
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