Tag: West Africa
May 29th marked five years since President Muhammadu Buhari took over leadership in Nigeria. One year into his second tenure as president, Vincent Nwani, a Business and Investment Consultant joins CNBC Africa for an economic scorecard of Buhari’s lead administration.
Some former African presidents have shown their support for the president of the African Development Bank, Akinwunmi Adesina. This was in a letter over the 16 count allegations levelled against him to which Adesina had stated his innocence. Although the ethics committee of the board of directors of the continental bank has cleared Adesina of these charges, the United States which is one of the major shareholders of the bank has called for an independent probe into the allegations.
After a one-month hiatus due to the COVID-19 lock-down in Lagos, bus-hailing company, PlentyWaka says they have re-launched their operations and have announced an expansion of their services. Johnny Enagwolor, Managing Director of PlentyWaka joins CNBC Africa to discuss how this pandemic is changing the ride-hailing business in Nigeria.
Law Union and Rock say it has executed a transactional implementation agreement with Kanuri LUR which is a new investor for the acquisition of 100 per cent issued capital of the Company. As Insurance companies in Nigeria race Law Union and Rock towards recapitalisation, Ajibola Olayinka, Non-Executive Director at & Chairman of the Board of the Ad-hoc Committee on Recapitalisation joins CNBC Africa more.
Nigeria’s President Muhammadu Buhari is seeking the House of Representatives approval for fresh external borrowings of about $5.513 billion. Amid current local and global economic realities, can Nigeria bear more debts? Winston Osuchukwu, Co-founder of Trans-Sahara Incorporated joins CNBC Africa for more.
The World Bank says despite accelerated progress over the past decade, the world is expected to fall short of the SDG 7 target. In its just-released 2020 edition of the Energy Progress Report, the World Bank says under current policies, an estimated 620 million people would still lack access to electricity in 2030, and 85 per cent of them will be in sub-Saharan Africa. Makhtar Diop, the Vice President for Infrastructure at the World Bank joins CNBC Africa to discuss the findings of this report.
In the wake of the COVID-19 pandemic, Ghana has rolled out some palliatives including a 600 million cedis stimulus package for small and medium scale businesses with the aim of minimising the exposure of these businesses to the economic fallout of the pandemic. Joining CNBC Africa to discuss this initiative is Kosi Yankey-Ayeh, Executive Director of the National Board for Small and Medium Scale Industries in Ghana.
Capital imported to Nigeria’s oil and gas sector in the first quarter of the year was about 10.1 million dollars according to data by the National Burea of Statistics. The bureau also says the oil and gas sector grew by 5.06 per cent, recording an average oil daily production of 2.07 million barrels per day in the same quarter. Oyeyemi Oke, Oil and Gas Lawyer and a Partner at A02 Law joins CNBC Africa for more.