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<p>Africa&#8217;s largest mobile phone company MTN Group reports 2024 earnings this week amid improving macroeconomic environments in its key markets. While earnings at the headline level are expected to decline, an adjustment of tariffs in its key Nigeria market, and recovering economic activity in South Africa, Ghana and Uganda among others, promises a strong underlying performance, according to President &#038; CEO Ralph Mupita.</p>


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MTN Group CEO Ralph Mupita unpacks the group’s 2024 results

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<p>Africa Business Weekly on CNBC Africa brings you the most impactful business stories across sub-Saharan Africa every week. From the capital markets to economic news affecting the regions from East, West ad Southern Africa, we will speak to the major newsmakers from across the sub-Saharan Africa region to get exciting and unique angles to the stories shaping the continent.</p>


Africa Business Weekly: JSE recorded 30% y/y growth in 2024

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<p>This Focus On segment puts the Old Mutual Africa Region business under the spotlight. We find out what the Group&#8217;s strategy is, how they have performed in the different regions and what lies ahead for the group.</p>


Focus On: Old Mutual’s Africa regions business results

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<p>MTN Group, Africa’s largest mobile phone company, added 3 million subscribers in the first quarter, taking the total number of its customers to about 288 million. This, despite difficult macro-economic conditions including high inflation in its key markets. CEO &#038; Group President, Ralph Mupita discusses the company&#8217;s outlook in a challenging environment.</p>


MTN Group Interim Results with CEO Ralph Mupita

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<p>Uganda Breweries limited saw a 33 per cent increase in net sales despite an challenging year for the beverages sector. CNBC Africa spoke with the Managing Director of UBL, Alvin Mbugua for more.</p>


Uganda Breweries delivers resilient performance in difficult conditions

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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>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>Liberty Two Degrees interim results are out and the property group has seen an 19per cent hike in net property income compared to the previous year, this despite the marginal shrinking in the office porfolio. The company says its retail portfolio has exceeded tartgets but The office sector remains under pressure. Liberty Two Degrees CEO, Amelia Beattie joins CNBC Africa for more.</p>


Liberty Two Degrees HEPS up 34% y/y

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<p>Flourmills of Nigeria has announced a 127 per cent rise in profit after tax to 25.7 billion naira for the year-end 2021. The company says it recorded an average revenue gain of 34 per cent across all its business sectors aided by gains from its Agro-allied turnaround strategy. The Chief Financial Officer of Flourmills of Nigeria, Anders Kristiansson joins for more.</p>


Flourmills of Nigeria delivers solid full-year earnings

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<p>In their first quarter results, Sidian Bank made a consolidated net profit of $1.05 million as at 31 March 2021 compared to a net loss of slightly above $60,000 as at 31 March 2020. How did they navigate the setbacks arising from the COVID-19 pandemic that affected most businesses last year? James Munene Muigai, Director of Information Technology and Operations at Sidian Bank joins CNBC Africa for more.</p>


Sidian Bank delivers strong performance in Q1

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<p>PPC’s headline earnings per share plunged 94 per cent for the year ended March. This is compared to the same period a year ago. The cement maker’s results took a knock due to hyper-inflation in Zimbabwe and a depreciation of the Zimbabwean dollar against the rand. PPC CEO, Roland van Wijnen joins CNBC Africa for more.</p>


PPC reports 94% plunge in headline earnings due to COVID-19

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<p>Naspers reported a jump in earnings that the group called the strongest to-date. Group Chief Financial Officer, Basil Sgourdos joins CNBC Africa to break down the numbers.</p>


Naspers reports 23% jump in FY group revenue

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<p>Recently Kenya’s treasury told parliament that the government had advanced a loan of Ksh 654 million to Equity Bank, a statement refuted by the lender.</p>


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Equity Bank CEO breaks down the company’s  first half performance

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<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%

<p>Sirius Real Estate has reported a 25.3 per cent rise in headline earnings per share for the year ended 31 March 2021.</p>


Sandton City centre at sunset with Nelson Mandela Square

Sirius FY HEPS up 25.3%

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<p>RH Bophelo has come out with its financial results for the year ended February 2021. In its trading update, shareholders were advised that the Company expects to report net asset value per share of between R13.06 to R13.76, being an increase of 13 per cent and 19 per cent, compared to prior period R11.56. RH Bophelo CEO, Quinton Zunga joins CNBC Africa for more.</p>


RH Bophelo CEO Quinton Zunga discusses COVID-19 response

RH Bophelo CEO Quinton Zunga discusses COVID-19 response, future plans

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<p>Energy company Renergen has decreased it headline loss per share by 23 per cent for the year ended February, but the company&#8217;s revenue also dropped by 27 per cent. Renergen says the R700 thousand drop in revenue was due to e COVID-19 lockdown which resulted in its subsidiary, Tetra4 not trading in April and May 2020. Renergen CEO, Stefano Marani joins CNBC Africa for more.</p>


earnings per share

MTN Group CEO Ralph Mupita unpacks the group’s 2024 results

Africa Business Weekly: JSE recorded 30% y/y growth in 2024

Focus On: Old Mutual’s Africa regions business results

MTN Group Interim Results with CEO Ralph Mupita

Uganda Breweries delivers resilient performance in difficult conditions

Commodity price boom lifts AECI’s H1 earnings

Kumba delivers record first half performance

Liberty Two Degrees HEPS up 34% y/y

Flourmills of Nigeria delivers solid full-year earnings

Sidian Bank delivers strong performance in Q1

PPC reports 94% plunge in headline earnings due to COVID-19

Naspers reports 23% jump in FY group revenue

Equity Bank CEO breaks down the company’s first half performance

Family Bank’s Q1 net earnings up 27.2%

Sirius FY HEPS up 25.3%

RH Bophelo CEO Quinton Zunga discusses COVID-19 response, future plans

Renergen narrows FY headline loss

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earnings per share

MTN Group CEO Ralph Mupita unpacks the group’s 2024 results

Africa Business Weekly: JSE recorded 30% y/y growth in 2024

Focus On: Old Mutual’s Africa regions business results

MTN Group Interim Results with CEO Ralph Mupita

Uganda Breweries delivers resilient performance in difficult conditions

Commodity price boom lifts AECI’s H1 earnings

Kumba delivers record first half performance

Liberty Two Degrees HEPS up 34% y/y

Flourmills of Nigeria delivers solid full-year earnings

Sidian Bank delivers strong performance in Q1

PPC reports 94% plunge in headline earnings due to COVID-19

Naspers reports 23% jump in FY group revenue

Equity Bank CEO breaks down the company’s first half performance

Family Bank’s Q1 net earnings up 27.2%

Sirius FY HEPS up 25.3%

RH Bophelo CEO Quinton Zunga discusses COVID-19 response, future plans

Renergen narrows FY headline loss

News Tips

Advertise With Us

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