<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Ethiopia’s economy is expected to expand by 8.7 per cent in the 2021/22 fiscal year, more than the 8.5 per cent previously forecast, according to the budget speech read on Tuesday. It comes as the country announces it will spend $12.95 billion in the same fiscal year. Zemedeneh Negatu, Global Chairman, Fairfax Africa Fund, spoke to CNBC Africa’s Julius Bizimungu for more.</p>


Ethiopia’s economy projected to grow 8.7% in 2021/22

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Kenyan real estate firm, Optiven Group is poised to list on the Nairobi Securities Exchange even as it sets eyes on the region. CEO of Optiven Group, George Wachiuri, joins CNBC Africa for more.</p>


Real estate firm Optiven Group to list on the NSE

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The recent report released by the African Airlines Association paints a grim picture for African airlines. The biggest question remains whether African carriers can survive another pandemic year. The Association’s Secretary General, Berthe Abderahmane joins CNBC Africa for more.</p>


Can African airlines survive another pandemic year?

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Last week, East African countries of Uganda, Kenya and Tanzania presented their budgets for the next fiscal year. Uganda plans to place a heavy focus on agriculture industrialization to lift the economy.</p>


How Uganda plans to finance its agro-industrialization agenda

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>In Uganda, legislators have approved a $12.6 billion budget for the 2021/2022 financial year, which has seen a decrease of $202.3 million for the first time compared to the approved resource envelope of 2020/2021. Kwezi Tabaro, Deputy Director at Leo Africa Institute  joins CNBC Africa for more.</p>


Reviewing Uganda’s 2021/22 budget

<div style="max-width: 100%;">&nbsp;</div>
<p>&nbsp;</p>
<p>Kenya’s Treasury Cabinet Secretary Ukur Yatani today tables the 2021/22 fiscal year budget to the parliament.</p>


Nganga100

Key highlights of Kenya’s 2021/22 budget explained

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>In Tanzania, according to the 2021/2022 budget framework and National Development Plan, the government plans to collect and spend a total of $15.6 billion during the coming financial year, out of which about $5.7 billion will be spent on development projects alone. Ivan Tarimo, Partner at Bankable Tanzania joins CNBC Africa more.</p>


Breaking down the  2021/22 Tanzania budget

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Family Bank Group&#8217;s net earnings for the quarter ended March 31, 2020, rose by 27.2 per cent on increased net interest income as business slowed by Covid-19 slowly recovered. Moreover, after the bank redeemed its five and a half years Medium Term Note worth about $18.6 million on April 19, the bank received formal approval from the Capital Markets Authority to float a $74.1 million bond to strengthen its capital base and support lending. Family Bank  Chief Financial Officer, Stephen Ngugi joins CNBC Africa for more.</p>


Family Bank’s Q1 net earnings up 27.2%

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Ernst &#038; Young, one of the four largest international consulting firms, is inching closer in its bid to serve as a transaction adviser in the privatisation of 10 out of the 13 state-owned sugar factories in Ethiopia. Brooks Taye, Senior Advisor in the Ministry of Finance joins CNBC Africa for more.</p>


Plans to privatize Ethiopia’s sugar sector at advanced stage

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>African countries have faced shortages holding back the rollout of urgently needed second doses, setting many countries back in the fight against COVID-19, so it still realistic for the continent to meet previous vaccination targets? John Nkengasong, Director of the Africa Centres for Disease Control and Prevention joins CNBC Africa for more.</p>


Africa CDC on how the continent can meet its  vaccination targets

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>On May 25th, the 40th EAC Ordinary Council ministers considered and adopted the budget estimates amounting to about $90million for the financial year 2021/2022, to facilitate the activities of the EAC, organs and institutions. The East African Legislative Assembly is now worried that the 2021/22 financial year budget tabled in the House is far below what is needed to accomplish the Community’s agenda and may impact DRC&#8217;s entry into the bloc. Policy Analyst, David Walakira joins CNBC Africa for more.</p>


EAC faces budgetary constraints due to COVID-19

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Uganda has reinstated some of its lockdown measures as it strives to contain the second wave of the COVID-19 pandemic.</p>


Uganda re-imposes lockdown amid rise in COVID-19 cases

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The port of Djibouti handles close to 95 per cent of Ethiopia&#8217;s maritime trade with 25 per cent of this being transported from Addis Ababa by rail. Over the years the state of the railway has deteriorated affecting Ethiopia&#8217;s port access for more on this we are joined by Stephen Hayes from the Corporate Council on Africa.</p>


Corporate Council on Africa: Why rail line remains essential to the future of Africa

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The lack of infrastructure in Africa&#8217;s IT ecosystem has been exposed by the COVID-19 pandemic. One global player in the sector that has previously made commitments in bridging this gap is Microsoft but has the tech software giant done enough in this regard? CNBC Africa spoke to the Executive Director for Software Partnerships, Chris Lwanga for more.</p>


How Microsoft plans to bridge the infrastructure gap in Africa’s IT 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 Tanzania has approved the exportation of mineral concentrates after establishing a proper revenue collection system. The government had suspended export concentrate since 2017/18 due to allegations of theft and fraud. Gabriel Mwang&#8217;onda, Economic Analyst joins CNBC Africa for more.</p>


Tanzania resumes export of mineral concentrates

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>In Kenya, according to the National Treasury and Planning Cabinet Secretary Ukur Yatani, the State has chopped off $82.5 Million from its 2021/2022 budget on both its development and recurrent expenditure targets amid a tough economy. Ken Gichinga, Chief Economist at Mentoria Economist joins CNBC Africa for more.</p>


Kenya 2021/22 budget cuts; Losers

Kenya 2021/22 budget cuts; Losers, gainers

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The Covid-19 global epidemic will continue to take a heavy toll on African airlines with revenue losses expected to reach more than $8 billion in 2021 from $10 billion in 2020.</p>


covid-19 recovery

Ethiopia’s economy projected to grow 8.7% in 2021/22

Real estate firm Optiven Group to list on the NSE

Can African airlines survive another pandemic year?

How Uganda plans to finance its agro-industrialization agenda

Reviewing Uganda’s 2021/22 budget

Key highlights of Kenya’s 2021/22 budget explained

Breaking down the 2021/22 Tanzania budget

Family Bank’s Q1 net earnings up 27.2%

Plans to privatize Ethiopia’s sugar sector at advanced stage

Africa CDC on how the continent can meet its vaccination targets

EAC faces budgetary constraints due to COVID-19

Uganda re-imposes lockdown amid rise in COVID-19 cases

Corporate Council on Africa: Why rail line remains essential to the future of Africa

How Microsoft plans to bridge the infrastructure gap in Africa’s IT sector

Tanzania resumes export of mineral concentrates

Kenya 2021/22 budget cuts; Losers, gainers

African airlines expected to face another tough year

News Tips

Advertise With Us

covid-19 recovery

Ethiopia’s economy projected to grow 8.7% in 2021/22

Real estate firm Optiven Group to list on the NSE

Can African airlines survive another pandemic year?

How Uganda plans to finance its agro-industrialization agenda

Reviewing Uganda’s 2021/22 budget

Key highlights of Kenya’s 2021/22 budget explained

Breaking down the 2021/22 Tanzania budget

Family Bank’s Q1 net earnings up 27.2%

Plans to privatize Ethiopia’s sugar sector at advanced stage

Africa CDC on how the continent can meet its vaccination targets

EAC faces budgetary constraints due to COVID-19

Uganda re-imposes lockdown amid rise in COVID-19 cases

Corporate Council on Africa: Why rail line remains essential to the future of Africa

How Microsoft plans to bridge the infrastructure gap in Africa’s IT sector

Tanzania resumes export of mineral concentrates

Kenya 2021/22 budget cuts; Losers, gainers

African airlines expected to face another tough year

News Tips

Advertise With Us

Newsletters