Tag: finance minister

Why African finance ministers go farming.

His predecessor, Nhlanlha Nene, who stepped down from office at the end of 2018, owns a 22- hectare farm in KwaZulu Natal. lt runs in his blood, Nene tells CNBC Africa in an exclusive interview, dressed more for the field than finance . Behind Nene, is a painting that proves his passion; a picture of Ringo, one of his prized bulls - a gift from a neighbour.

Abel Sithole appointed as CEO of South Africa’s PIC

On Wednesday, South African Finance Minister Tito Mboweni announced the appointment of Abel Sithole as the Chief Executive Officer of the Public Investment Corporation (PIC) and Executive Director on the Board of Directors.

South Africa’s is likely to miss 1.5% growth target, here’s why

South Africa’s economic growth is unlikely to reach the treasury’s target of 1.5% in 2019, Finance Minister Tito Mboweni said on Friday.

Zimbabwe to repeal empowerment law, what you need to know

Zimbabwe will repeal its indigenisation and economic empowerment legislation dealing with ownership of foreign-controlled companies and replace it with a new empowerment law, Finance Minister Mthuli Ncube said on Thursday.

Kenya’s finance minister denies corruption charges

Kenya’s Finance Minister Henry Rotich pleaded not guilty on Tuesday to corruption charges. Rotich, who spent the night in a police cell, is accused alongside other senior officials.

How we can to reduce the cost of Africa’s health care delivery

Nigeria's former Finance Minister and Board chair of the Global Alliance for Vaccines and Immunisations Ngozi Okonjo-Iweala says economically, for every dollar invested in health, you get twenty dollars in return. She discussed the rate of return on investments in health and how the cost of delivering health care services to families in Africa can be reduced.

Mozambique ex-minister Chang’s scandal: What you need to know

Ex-Mozambique Finance Minister, Manuel Chang found himself in court again this week to argue against previous ruling that his legal team think will get in the way of winning him a successful bail hearing. Chang was arrested in December last year for his alleged involvement in the issuance of $2billion worth of fraudulent loans. CNBC Africa spoke to Aly Khan Satchu, CEO of Rich Management for the background story of the bond scandal that led the country to default.

Ex-Mozambique finance minister’s court case postponed

The bail hearing of ex Mozambique Finance Minister has been postponed to January the18th. Manuel Chang was arrested in December last year for alleged involvoment in a $2billion loan scandal that caused the country to default and foreigners to cut aid. Zacarias Cossa, Counselor for Police at the Mozambique High Commission had this to say after the ruling.