Chinese debt relief given to emerging markets that are facing the pressure from the Covid-19 pandemic may pose some threats to countries that already have vast amounts of debt owing to facilities. Joining CNBC Africa to unpack debt relief implications for Angola and Mozambique and as well as the Angolan annual budget outlook is Rui Oliveira, CEO at BFA Asset Management.
The 111 year old French beauty giant L’Oreal has appointed Hlengiwe Mathenjwa as the new director of its largest manufacturing facility in the Africa and Middle East region. This appointment comes amid the Covid-19 storm that is ravishing most industries globally, Hlengiwe Mathenjwa joins CNBC Africa for more.
Over 2000 Rwanda bound containers of goods have been held in Kenya and Tanzania due to the delays in cargo clearance. According to Rwanda's Private Sector Federation, the move contradicts a comprehensive regional COVID-19 approach that was agreed on in dealing with the challenges of the virus on the cross-border businesses between member states. Economic Analyst, Ted Kaberuka joins CNBC Africa for more.
A more efficient approach, frugal is what some experts have called it, now that is the strategy taken by BPR Atlas Mara Rwanda Managing Director, Maurice Toroitich and it seems to be reaping results, well at least in the short run. He joins CNBC Africa for a look at the bank’s first quarter results.
The rosy outlook stands in stark contrast to the dismal industrial landscapes of other economies still fighting COVID-19. Factory output plunged further in May from a year earlier in Japan, South Korea and the United States. Euro zone manufacturing output fell by a record 28% in April.
About the Author: Sandile Nkala is a final year Bachelor of Commerce in Accounting student and the former Student Council President at Curtin University Dubai....
South Africa's biggest fertilizer producer Omnia was profitable in the year to March after extensively restructuring its business units. Omnia CEO, Seelan Gobalsamy joins CNBC Africa to breakdown the results.
Ithuba says Hosken Conslidated Investment's constant legal attacks are an attempt to take back control of the National Lottery from a black business woman. Charmaine Mabuza, Founder and Chief Executive Officer of Ithuba joins CNBC Africa for more.