The values of blue chip companies on the Nairobi Securities Exchange has increased despite the COVID-19 pandemic. CNBC Africa’s Arnold Kwizera spoke to the Chief Executive Officer at the Nairobi Securities Exchange, Geoffrey Odundo for more on this.
The Central Bank of Nigeria says it will make forex available for activities that would boost the economy and generate jobs. Chamberlain Peterside, CEO of Xcellon Capital Advisors joins CNBC Africa to discuss this and other headlines making the rounds in Nigeria.
In Kenya, the banking sector continues to dominate activity at the Nairobi Securities Exchange with shares worth Ksh775 million transacted, which accounted for 48.27 per cent of the traded value in the week that ended on 30th April 2020. Moreover, the Central Bank of Kenya announced the insurance of a 5-year Ksh50 billion bond for budgetary support in May with the auction date set for Wednesday 6th of May. The market-determined bond will mature in May 2025 with CBK encouraging investors to use treasury mobile direct or internet banking to purchase the bond. Joining CNBC Africa for more is Rodney Omukhulu, Assistant Investments Analyst at Cytonn.
The Nigerian Stock Exchange published guidance for virtual board, committee, and management meetings for stakeholders as the world grapples with the COVID-19 outbreak. Oscar Onyema, CEO of the NSE joins CNBC Africa to discuss how the NSE has been responding to the pandemic.
As countries across Africa source intervention funds to battle the economic impact of the COVID-19 pandemic, with Nigeria’s economy especially taking a hit from falling oil prices and local currency devaluation, Sam Chidoka, Managing Director and CEO of Kairos Capital joins CNBC Africa to discuss how these events are impacting Nigeria's economy.
Nigeria's Debt Management Office says it reappraised its borrowing plans and now hopes to raise an earlier approved external borrowing of 850 billion naira from domestic sources. Dipo Ajayi, Head of Fixed Income and FX at Chapel Hill Denham joins CNBC Africa to assess Nigeria's debt strategy.
Moody’s says the rapid and widening spread of the coronavirus outbreak and related oil price shocks are creating an unprecedented credit shock across a wide range of regions and markets adding that for Nigeria, these shocks has amplified existing credit vulnerabilities both over the immediate and longer term. Aurelien Mali, Vice President and Sovereign Analyst at Moody’s joins CNBC Africa for more.