Rwanda’s Minister of Finance and Economic Planning, Uzziel Ndagijimana is today reading the final 2020/2021 budget, 60 per cent of which will be sourced domestically. Economic Analyst, Ted Kaberuka joins CNBC Africa for more.
Global Gender Summit: AfDB’s Hanan Morsy on how to improve economic participation for women in Africa
Statistics indicate that women make up over 40 per cent of African business owners yet a trivial 2 per cent are able to access finance according to figures from Mckinsey. Director of Macroeconomics, Forecasting and Research at African Development Bank (AfDB), Hanan Morsy joins CNBC Africa to discuss women economic participation and empowerment.
With over 30 million Africans living outside of their home countries, migration will play a big role in shaping Africa’s future. This is how it can be used to its advantage.
Ghana Revenue Authority has set a tax revenue target of 58.9 billion Ghana Cedi in its 2019 budget, which is about 25.9 per cent higher than the 46.8 billion cedis targeted in 2018. Meanwhile, the GRA says contracting the services of consulting firm Mckinsey accounted for the improved revenue collection for the year 2018. William Demitia, Senior Associate Consultant at Ali-Nakyea and Associates joins CNBC Africa from Ghana to assess Ghana’s tax strategies.
Today’s event at GIBS entitled McKinsey on Eskom: Learning from the past – looking to the future drew the who’s who of investigations into corruption in South Africa.
CNBC Africa also had its own questions on why the consultancy settled with Eskom on Friday to pay a billion rand to it for consultancy payments of which were found to be irregular. We asked Kevin Sneader, Global Managing Partner of McKinsey & Company for more details and whether it would pay interest on the billion.
CEO of Business Leadership South Africa, Bonang Mohale outlined the cost of McKinsey’s shenanigans for Eskom.
On Friday Africa’s largest electricity supplier, Eskom finalised a settlement agreement with McKinsey for R1 billion ($74 million).