<p><iframe loading="lazy" src="https://www.youtube.com/embed/0reAkSTLS28" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Nigeria&#8217;s Central Bank hike its Monetary Policy Rate by 150 basis points, bringing it to 26.25 per cent. The decision was made during the Monetary Policy Committee meeting where the CBN Governor Olayemi Cardoso stated that the committee was confronted with the choice of either raising or maintaining rates as it monitored the effects of previous hikes. Additionally, the bank opted to keep the Asymmetric Corridor unchanged at +100/-300 basis points around the MPR. Furthermore, it maintained the cash reserve ratio at 45 per cent and the liquidity ratio at 30 per cent.</p>


maxresdefault

Nigeria MPC hikes MPR by 150bps to 26.25% (full-speech)

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>According to the Uganda Bureau of Statistics, the country&#8217;s economy increased to about $42.4 billion in the 2020/21 financial year $39.9 billion in the financial year 2019/20. The industry sector&#8217;s contribution increased to 16 per cent i in the 2020/21 financial year. Daniel Birungi, Executive Director at the Uganda Manufacturing Association spoke to CNBC Africa on building resilience and how the sector is navigating the storm.</p>


COVID-19: UMA’s Birungi on how to build resilience in Uganda’s manufacturing sector

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The Government of Rwanda has successfully raised $620 million through the issuance of a 10-year Eurobond, the country’s Finance Ministry announced on August 2. The sale of new debt generated more than $ 1.6 billion in orders. Are investors increasingly interested in Rwanda? Kevin Daly, Fund Manager at Aberdeen Standard Investments spoke to CNBC Africa’s Julius Bizimungu for more.</p>


Making sense of Rwanda’s latest $620mn Eurobond issue

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The Government of Rwanda has successfully raised $620 million through the issuance of a 10-year Eurobond. The proceeds of the bond will be used partly to retire Rwanda’s existing Eurobond which is due in May 2023, in line with the country’s debt management strategy to proactively address the upcoming debt burden while taking advantage of the current conducive market. Finance Minister Uzziel Ndagijimana joins CNBC Africa for more.</p>


Finance Minister Ndagijimana on Eurobond issue

Finance Minister Ndagijimana on Eurobond issue, Rwanda’s path to economic recovery

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The global freelance market size was estimated at $2.4 billion in 2018 and Africa accounts for only 2 per cent  of this value, although there has been an upsurge in the freelance market in the continent especially since the advent of the pandemic. According to Glove News Wire, the global market is projected to boom at a compound annual growth rate of 15.3 per cent during 2021-2026. Amadou Daffe, CEO of Gebaya Inc joins CNBC Africa for more.</p>


COVID-19: How the pandemic is creating more freelancing opportunities in Africa

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Mauritius recently saw a surge in new COVID-19 cases as the country was planning to fully reopen the travel sector, which has driven Mauritius’s economic growth for a long time. What will it take for the Indian Ocean island nation to go back to it’s pre-Covid path? Mauritian Economic Analyst, Prem Sewpaul spoke to CNBC Africa for more.</p>


Can the Mauritian economy bounce back swiftly after Covid-19 crisis?

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Measures taken to contain the pandemic and the ensuing oil price collapse  aggravated by the impact of lower oil prices and production impacted the Congolese economy in 2020 resulting to an 8.2 per cent economic contraction in 2020. Thomas Alun, IMF Representative, Congo joins CNBC Africa for more.</p>


IMF: Republic of Congo’s economic recovery remains elusive in 2021

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>British American Tobacco Kenya posted Ksh 2.7 billion as its half-year profit in the six months to June 2021. BAT’s net revenues increased by 19 per cent to Ksh.12.5 billion driven by the recovery of domestic sales volumes. BAT Kenya Finance Director, Philemon Kipkemoi joins  CNBC Africa for more.</p>


BAT Kenya delivers solid half-year results despite difficult environment

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The Central Bank of Kenya has retained the benchmark policy rate at 7 per cent for the tenth consecutive time to support the recovery of an economy battered by the Covid-19 pandemic and surging inflationary pressures. Churchill Ogutu, Head of Research at Genghis Capital, joins  CNBC Africa for more.</p>


Kenya’s Central Bank retains repo rate at 7%

<div style="max-width: 100%;">&nbsp;</div>
<p>&nbsp;</p>
<p>The Bank of Tanzania has injected $431.2 million to financial institutions for lending in the private sector in an effort to mitigate macroeconomic impacts of Covid-19 pandemic in the country.</p>


Bank of Tanzania pumps $431.2mn into economy to boost private sector growth

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The African Growth and Opportunity Act is set to expire in 2025 and preparations for the post- AGOA trade relations need to begin now. Since the Act began in 2000, the trade landscape on the continent has shifted significantly. Charles Robertson, Global Chief Economist at Renaissance Capital  joins CNBC Africa for more.</p>


Renaissance Capital: Why the AfCFTA

Renaissance Capital: Why the AfCFTA, AGOA won’t work without manufacturing on the continent

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The International Monetary Fund has maintained the 2021 forecast for Sub-Saharan Africa at 3.4 per cent, with an upgrade for South Africa following a strong positive surprise in the first quarter offset by downward revisions in other countries. The worsening pandemic developments in sub-Saharan Africa are expected to weigh on the region’s recovery. Malhar Nabar, Division Chief for World Economic Studies at the International Monetary Fund for more.</p>


IMF maintains 2021 forecast for sub-Saharan Africa

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Yesterday was the official listing of the 15-year government bond re-opened last week with a coupon rate of 12.500 per cent and a yield to maturity of 12.480per cent. Rwanda Stock Exchange yesterday recorded a turnover of Frw 312,210,710 worth of bonds traded in 6 deals on the fixed income market and Frw 851,000 from 3,700 MTNRwanda shares traded in 1 deal on the equities market. Olivier Muneza, CEO, Mo Capital joins CNBC Africa for more.</p>


Rwandan market review

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>President Uhuru Kenyatta begun his 3 day visit to visit to London, with the aim to ink several economic and security deals on the back of the trade agreement Kenya signed in December with Britain to ensure an uninterrupted flow of goods between the two nations upon the UK’s exit from the European Union trading arrangements. The United Kingdom is expected to announce a $182.6 million new government and private investment into Big Four Projects, including affordable housing and manufacturing. Economic Analyst Odhiambo Ramogi  joins CNBC Africa for more.</p>


President Kenyatta embarks on 3-day visit to the UK

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Manufacturing value chains are highly vulnerable to global supply-chain disruptions and external shocks. In the wake of the pandemic, Kenyan manufacturers are facing liquidity challenges, reduced demand, depressed production capacity, cash flow constraints, logistics challenges to name just a few. Mucai Kunyiha, Chairman of Kenya Association of Manufacturers joins  CNBC Africa for more.</p>


Kenyan manufacturers in uproar over new taxes

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Young African leaders under the Future Africa Forum have published a policy brief urging governments to leverage the role of the private sector and community-based initiatives if they are to recover from the Covid-19 pandemic. They argue that the current monetary and social policies are not enough. Gerald Chirinda, Founder of Future Africa Forum spoke to CNBC Africa’s Julius Bizimungu for more.</p>


Young leaders propose new architecture for Africa’s recovery

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The group of seven most powerful economies recently announced that they will collectively invest $80 billion in Africa’s private sector over the next five years.</p>


covid-19 recovery

Nigeria MPC hikes MPR by 150bps to 26.25% (full-speech)

COVID-19: UMA’s Birungi on how to build resilience in Uganda’s manufacturing sector

Making sense of Rwanda’s latest $620mn Eurobond issue

Finance Minister Ndagijimana on Eurobond issue, Rwanda’s path to economic recovery

COVID-19: How the pandemic is creating more freelancing opportunities in Africa

Can the Mauritian economy bounce back swiftly after Covid-19 crisis?

IMF: Republic of Congo’s economic recovery remains elusive in 2021

BAT Kenya delivers solid half-year results despite difficult environment

Kenya’s Central Bank retains repo rate at 7%

Bank of Tanzania pumps $431.2mn into economy to boost private sector growth

Renaissance Capital: Why the AfCFTA, AGOA won’t work without manufacturing on the continent

IMF maintains 2021 forecast for sub-Saharan Africa

Rwandan market review

President Kenyatta embarks on 3-day visit to the UK

Kenyan manufacturers in uproar over new taxes

Young leaders propose new architecture for Africa’s recovery

Are powerful economies increasingly interested in Africa’s private sector?

News Tips

Advertise With Us

covid-19 recovery

Nigeria MPC hikes MPR by 150bps to 26.25% (full-speech)

COVID-19: UMA’s Birungi on how to build resilience in Uganda’s manufacturing sector

Making sense of Rwanda’s latest $620mn Eurobond issue

Finance Minister Ndagijimana on Eurobond issue, Rwanda’s path to economic recovery

COVID-19: How the pandemic is creating more freelancing opportunities in Africa

Can the Mauritian economy bounce back swiftly after Covid-19 crisis?

IMF: Republic of Congo’s economic recovery remains elusive in 2021

BAT Kenya delivers solid half-year results despite difficult environment

Kenya’s Central Bank retains repo rate at 7%

Bank of Tanzania pumps $431.2mn into economy to boost private sector growth

Renaissance Capital: Why the AfCFTA, AGOA won’t work without manufacturing on the continent

IMF maintains 2021 forecast for sub-Saharan Africa

Rwandan market review

President Kenyatta embarks on 3-day visit to the UK

Kenyan manufacturers in uproar over new taxes

Young leaders propose new architecture for Africa’s recovery

Are powerful economies increasingly interested in Africa’s private sector?

News Tips

Advertise With Us

Newsletters