Finance ministers of East Africa are expected to table their respective budgets in coming days for the new financial year that begins on July 1.
For the first time, the 10th edition of the Omani Products Exhibition will take place in Rwanda between January 15th to 18th, with the aim of improving trade relations between the two countries. Over 80 exhibitors from Oman are expected to showcase from food and beverage, plastics, textiles, metals and minerals, construction and logistics. Ayman Al Hsani, Chairman of Opex Commitee joins CNBC Africa for more.
Economic contractions were bound to happen as power supply instability threatens activity. Q3 employment figures show that 28,000 jobs were shed. Contractions in the manufacturing, construction and community services industries were the hardest hit. CNBC Africa’s Karabo Letlhatlha spoke with Numsa's Deputy General Secretary Karl Cloete.
Africa Investment Forum: JICA President Mutsuya Mori on the private sector as an important partner in Africa’s growth
The Japan International Cooperation Agency (JICA) has a long history with African countries, Mutsuya Mori, Vice President of JICA told CNBC Africa’s Kopano Gumbi. The Agency provides technical assistance, grant aids and loans for construction and infrastructure. Although it has previously focused on governments, it now realises that the private sector is an important partner in the social and economic development of Africa.
Tanzania’s GDP growth has grown by 7.2 per cent year on year in Q2 up from 6.1 in the same period last year. It’s reported that growth in construction, mining and comms sectors are to thank. Analyst and Bankable Partner, Ivan Tarimo joins CNBC Africa for more.
In 2016 and 2017, construction contributed 13.7% to Ghana's GDP. It remains among the fastest growing of the 21 sub-sectors of the economy, according to Ghana Statistical Service data and it employs at least 3% of the labour force.
The Afrimat Construction Index for the second quarter of 2019 has reflected the same performance of the GDP for the second quarter, with an increase of 3.1 per cent. Although the industry saw a slight increase in activity it is still however behind on growth compared to the same period last year. Joining CNBC Africa to unpack the index is Roelof Botha an Economist and Head of ACI.