Safaricom's M-pesa revenues are expected to take a hit to 13.3 year-on-year from 18.20 per cent that was reported in the first half of 2019 according to a report by Genghis Capital, now the decline has been attributed to the performance of the betting industry which accounts for about 7 per cent of M-pesa revenues. For more on this, Research Analyst from Genghis Capital, Patrick Mumu joins CNBC Africa for more.
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.
United Capital recorded slight increases in its top line and bottom in the first half of 2018 when compared to the year before. Revenues increased by one per cent to 3.88 billion naira and profit after tax rose by 2 per cent to 2.01 billion naira.
Egypt has procured 2.33 tonnes of wheat from local farmers since its harvest began in mid-April.