Nigeria is projecting economic growth at 2.93 per cent for 2020, with a larger budget of 10.07 trillion naira, while the crude oil benchmark has been slashed to $55 per barrel of oil. As contained in the draft copy of the Medium Term Fiscal Framework. To put this in perspective, Winston Osuchukwu, Co-founder and Managing Partner at Trans-Sahara Investment (TSIC) joins CNBC Africa for more.
Nigeria’s senate approved the country’s 2019 budget on Tuesday, hiking the government's spending plan to 8.9 trillion naira after increasing the expenditure on security. Kayode Akindele, Partner at TIA Capital joins CNBC Africa for this discussion.
Car manufacturers in South Africa include Ford, Volkswagen, Mercedes Benz SA, Nissan and Toyota, among others.
"Due to a lack of transparency and competitiveness, it remains to be seen whether prices are not inflated in the procurement processes."