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<p>Fitch Ratings has revised Rwanda&#8217;s outlook to negative from stable and affirmed the Issuer Default Rating at &#8216;B+&#8217;. What position does this put Rwanda? Jermaine Leonard, Director at Fitch Ratings joins CNBC Africa for more.</p>


Fitch revises Rwanda’s outlook from stable to negative

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<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

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<p>Chemicals group AECI has reported a 120 per cent  jump in headline earnings per share for the six months ended June. This is from the previous comparable period. The company &#8211; encouraged by the mining commodity price boom and the recovery from Covid-19 declared an interim dividend of 180 cents, 80 per cent  higher than the same period last year. Mark Dytor, CEO at AECI joins CNBC Africa for more.</p>


Commodity price boom lifts AECI’s H1 earnings

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<p>While South Africa’s Finance Minister, Tito Mboweni is currently briefing the media on the recently announced Covid-19 relief package, big business seems confident that the measures put in place will assist in rebuilding the economy.</p>


Vusi

Mygrowthfund Venture Partners CEO: Govt relief measures fail to address underlying structural and socio-economic issues

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<p>President Cyril Ramaphosa has made a call to South Africans to come together to support businesses and individuals hardest hit by the recent unrest. Well FNB has heeded the call by launching a range of relief measures for impacted individual and Business customers. FNB CEO,Jacques Celliers joins CNBC Africa for more.</p>


FNB CEO outlines measures to support businesses

FNB CEO outlines measures to support businesses, customers hit hard by unrest

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<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

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<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

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<p>Kumba Iron Ore’s Earnings Before Interest, Taxes, Depreciation, and Amortization  saw a 155per cent jump year-on-year, for the six months ended June. The record earnings have been largely supported by global demand for metals and minerals and high prices. Themba Mkwanazi, CEO at Kumba Iron Ore joins CNBC Africa for more.</p>


Kumba delivers record first half performance

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<p>When the Covid-19 pandemic hit, majority of African countries were quick to respond to mitigate the impact. However, these responses have come at the expense of recovery. Now countries in Africa face fiscal vulnerabilities. What will it take to recover? CNBC Africa filed this report.</p>


COVID-19: How Africa can chart the path to recovery

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<p>The Central Bank of Nigeria plans to begin the pilot phase of the digital currency initiative on the first of October. Tagged &#8220;GIANT&#8221; the digital currency will use the Hyperledger Fabric Blockchain. Hakeem Disu, CEO of KOINWA joins CNBC Africa for more.</p>


Nigeria’s planned digital currency: Who benefits?

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<p>Nigeria’s Central Bank Governor, Godwin Emefiele is expected to brief journalists later today, about the deliberations and outcome of the 280th Monetary Policy Committee meeting. Dipo Ajayi, Head of Fixed income and FX at joins CNBC Africa to share expectations from the meeting.</p>


What will influence Nigeria’s 4th MPC meeting of 2021?

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<p>Government has reached a deal with a majority of public sector employees after 3 months of negotiations, but some unions have not signed the new wage deal. Among those  is the National Education, Health and Allied Workers Union (Nehawu). CNBC Africa spoke to Zola Saphetha, General Secretary of Nehawu for more.</p>


Nehawu’s Saphetha explains why they are rejecting govt’s new wage deal

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<p>In his address on Sunday, South Africa&#8217;s President Cyril Ramaphosa gave detail of a rather substantial social relief package to address the effects of the Covid-19 pandemic and the recent unrest. Among these interventions is the resumption of the R350 social relief grant until March next year, and the COVID-19 TERS scheme would be extended for those sectors which were affected by Alert Level 4.The question is, where is this money coming from and someone who may have done the math is  Annabel Bishop, Chief Economist at Investec.</p>


Ramaphosa unveils social and economic relief measures in wake of riots

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<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

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<p>The Government of Rwanda announced plans to streamline policies and introducing incentives to aid its elaborate plan to increase the uptake of Technical and Vocational Education and Training courses. More over, it has allocated about Rwf7.1 billion for Technical and Vocational Education and Training in the current fiscal year (2021/2022), a 50 per cent increase from the previous year  as it moves to address the shortage of these practical training materials. James Gashumba, Vice Chancellor at Rwanda Polytechnic joins CNBC Africa for more.</p>


Rwanda allocates $7mn towards consumables to boost hands-on skills

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<p>Anglo American Platinum&#8217;s half year earnings surged 572 per cent surged, thanks to higher metal prices and increased output.The miner paid a record dividend, consisting of both a base dividend and a special dividend. Joining CNBC Africa to unpack the results for the six months ended June is Natascha Viljoen, CEO  at Anglo American Platinum.</p>


Anglo American Platinum H1 earnings surge on higher metal prices

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<p>The province of KwaZulu-Natal is known for its robust tourism sector. In 2020, Covid-19 dealt a blow to the sector; and the challenges have not ended. With KwaZulu-Natal being the epicentre of the unrest we saw two weeks ago, confidence in the industry has been impacted. Phindile Makwakwa, Acting CEO at Tourism KwaZulu-Natal joins CNBC Africa for more.</p>


covid-19

Fitch revises Rwanda’s outlook from stable to negative

IMF maintains 2021 forecast for sub-Saharan Africa

Commodity price boom lifts AECI’s H1 earnings

Mygrowthfund Venture Partners CEO: Govt relief measures fail to address underlying structural and socio-economic issues

FNB CEO outlines measures to support businesses, customers hit hard by unrest

Rwandan market review

President Kenyatta embarks on 3-day visit to the UK

Kumba delivers record first half performance

COVID-19: How Africa can chart the path to recovery

Nigeria’s planned digital currency: Who benefits?

What will influence Nigeria’s 4th MPC meeting of 2021?

Nehawu’s Saphetha explains why they are rejecting govt’s new wage deal

Ramaphosa unveils social and economic relief measures in wake of riots

Kenyan manufacturers in uproar over new taxes

Rwanda allocates $7mn towards consumables to boost hands-on skills

Anglo American Platinum H1 earnings surge on higher metal prices

How KwaZulu-Natal plans to bring back tourism hit hard by Covid-19 and violent riots

News Tips

Advertise With Us

covid-19

Fitch revises Rwanda’s outlook from stable to negative

IMF maintains 2021 forecast for sub-Saharan Africa

Commodity price boom lifts AECI’s H1 earnings

Mygrowthfund Venture Partners CEO: Govt relief measures fail to address underlying structural and socio-economic issues

FNB CEO outlines measures to support businesses, customers hit hard by unrest

Rwandan market review

President Kenyatta embarks on 3-day visit to the UK

Kumba delivers record first half performance

COVID-19: How Africa can chart the path to recovery

Nigeria’s planned digital currency: Who benefits?

What will influence Nigeria’s 4th MPC meeting of 2021?

Nehawu’s Saphetha explains why they are rejecting govt’s new wage deal

Ramaphosa unveils social and economic relief measures in wake of riots

Kenyan manufacturers in uproar over new taxes

Rwanda allocates $7mn towards consumables to boost hands-on skills

Anglo American Platinum H1 earnings surge on higher metal prices

How KwaZulu-Natal plans to bring back tourism hit hard by Covid-19 and violent riots

News Tips

Advertise With Us

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