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<p>Nigeria&#8217;s Central Bank hike its Monetary Policy Rate by 150 basis points, bringing it to 26.25 per cent. The decision was made during the Monetary Policy Committee meeting where the CBN Governor Olayemi Cardoso stated that the committee was confronted with the choice of either raising or maintaining rates as it monitored the effects of previous hikes. Additionally, the bank opted to keep the Asymmetric Corridor unchanged at +100/-300 basis points around the MPR. Furthermore, it maintained the cash reserve ratio at 45 per cent and the liquidity ratio at 30 per cent.</p>


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Nigeria MPC hikes MPR by 150bps to 26.25% (full-speech)

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<p>According to the Uganda Bureau of Statistics, the country&#8217;s economy increased to about $42.4 billion in the 2020/21 financial year $39.9 billion in the financial year 2019/20. The industry sector&#8217;s contribution increased to 16 per cent i in the 2020/21 financial year. Daniel Birungi, Executive Director at the Uganda Manufacturing Association spoke to CNBC Africa on building resilience and how the sector is navigating the storm.</p>


COVID-19: UMA’s Birungi on how to build resilience in Uganda’s manufacturing sector

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<p>The Government of Rwanda has successfully raised $620 million through the issuance of a 10-year Eurobond, the country’s Finance Ministry announced on August 2. The sale of new debt generated more than $ 1.6 billion in orders. Are investors increasingly interested in Rwanda? Kevin Daly, Fund Manager at Aberdeen Standard Investments spoke to CNBC Africa’s Julius Bizimungu for more.</p>


Making sense of Rwanda’s latest $620mn Eurobond issue

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<p>Mauritius recently saw a surge in new COVID-19 cases as the country was planning to fully reopen the travel sector, which has driven Mauritius’s economic growth for a long time. What will it take for the Indian Ocean island nation to go back to it’s pre-Covid path? Mauritian Economic Analyst, Prem Sewpaul spoke to CNBC Africa for more.</p>


Can the Mauritian economy bounce back swiftly after Covid-19 crisis?

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<p>Courteville Business Solutions Plc has posted a profit after tax of 148.4 million naira in the first-half of the year, coming on the back of strong cost and financial control measures implemented by the management team Its revenue also grew to 873.2 million naira amid economic realities. Group Managing Director of Courteville Business Solutions, Debola Akindele joins  CNBC Africa for more.</p>


Nigeria’s Courteville declares 148.4m naira profit in first half

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<p>Half year earnings results from major players in Nigeria’s consumer goods sector shows that while sales are growing operating expenses remain a challenge, even as food prices are rising at their fastest rate, exacerbated by low purchasing power of Nigerians and the COVID-19 pandemic. Feyisike Ilemore, Research Analyst at RMB Nigeria joins  CNBC Africa for more.</p>


RMB’s outlook for Nigeria’s consumer goods sector

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<p>Nigeria&#8217;s power generation companies have faced persistent shortage of gas to the thermal plants and the Nigerian Government says it is working with stakeholders to address the gas supply challenges. Executive Secretary of the Association of Power Generation Companies, Joy Ogaji joins CNBC Africa for more.</p>


How Nigerian GenCos can address gas supply challenges

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<p>Nigeria will be receiving about 4.8 million doses of the Moderna COVID-19 vaccines from the United States today. Vaccinations are due to resume this week, after the government exhausted the 4 million doses of the Astrazeneca vaccines received in March. Dayo Amzat, CEO of Zedcrest Capital  joins CNBC Africa for more.</p>


Nigeria to receive 4.8m doses of COVID-19 vaccines from the US

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<p>Cyber threats and cyber criminals remain active in Africa just like elsewhere across the world as companies prioritise digital transformation in their growth agenda. Now researchers warn of increased cyber targets. David Emm, Principal Security Researcher at Kaspersky spoke to CNBC Africa’s Julius Bizimungu for more.</p>


Assessing Africa’s cyber threat landscape

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<p>Tanzania’s President Samia Suluhu Hassan is in Rwanda for a two-day state visit. The overall purpose of the visit, according to officials, is to strengthen ties between the two neighbouring countries.</p>


President Suluhu Hassan embarks on 2-day state visit to Rwanda

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<p>Measures taken to contain the pandemic and the ensuing oil price collapse  aggravated by the impact of lower oil prices and production impacted the Congolese economy in 2020 resulting to an 8.2 per cent economic contraction in 2020. Thomas Alun, IMF Representative, Congo joins CNBC Africa for more.</p>


IMF: Republic of Congo’s economic recovery remains elusive in 2021

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<p>Health tech start-up Field Intelligence has expanded their operations into 7 states in Nigeria and four cities in Kenya.</p>


Health startup Field Intelligence embarks on expansion drive across Nigeria and Kenya

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<p>About 70 million children at age 10 in the world, are at risk of losing basic literacy skills. This is fuelled by the COVID-19 pandemic which has forced low and middle-income countries to cut their education budget. Today, the Global Partnership for Education replenishment conference commenced, and it aims to raise $5 billion commitment on domestic financing from developing countries to stop this education crisis. Dorine Nininahazwe, Director for AU and East Africa at ONE joins CNBC Africa for more.</p>


How improved investments will help elevate education in Africa

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<p>ACT Foundation has announced grants for 27 organizations in its 2021 Four Years of Impact initiative. The grantees cut across players in Health, Entrepreneurship, Leadership and the Environment. To understand the rationale behind the selection and what the expectations are from these new grantees, CNBC Africa spoke with Osayi Alile, Chief executive Officer at ACT Foundation.</p>


ACT Foundation announces grants for 27 organizations

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<p>The Bank of Tanzania has injected $431.2 million to financial institutions for lending in the private sector in an effort to mitigate macroeconomic impacts of Covid-19 pandemic in the country.</p>


Bank of Tanzania pumps $431.2mn into economy to boost private sector growth

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<p>Yesterday was the official listing of the 15-year government bond re-opened last week with a coupon rate of 12.500 per cent and a yield to maturity of 12.480per cent. Rwanda Stock Exchange yesterday recorded a turnover of Frw 312,210,710 worth of bonds traded in 6 deals on the fixed income market and Frw 851,000 from 3,700 MTNRwanda shares traded in 1 deal on the equities market. Olivier Muneza, CEO, Mo Capital joins CNBC Africa for more.</p>


Rwandan market review

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<p>President Uhuru Kenyatta begun his 3 day visit to visit to London, with the aim to ink several economic and security deals on the back of the trade agreement Kenya signed in December with Britain to ensure an uninterrupted flow of goods between the two nations upon the UK’s exit from the European Union trading arrangements. The United Kingdom is expected to announce a $182.6 million new government and private investment into Big Four Projects, including affordable housing and manufacturing. Economic Analyst Odhiambo Ramogi  joins CNBC Africa for more.</p>


wuhan

Nigeria MPC hikes MPR by 150bps to 26.25% (full-speech)

COVID-19: UMA’s Birungi on how to build resilience in Uganda’s manufacturing sector

Making sense of Rwanda’s latest $620mn Eurobond issue

Can the Mauritian economy bounce back swiftly after Covid-19 crisis?

Nigeria’s Courteville declares 148.4m naira profit in first half

RMB’s outlook for Nigeria’s consumer goods sector

How Nigerian GenCos can address gas supply challenges

Nigeria to receive 4.8m doses of COVID-19 vaccines from the US

Assessing Africa’s cyber threat landscape

President Suluhu Hassan embarks on 2-day state visit to Rwanda

IMF: Republic of Congo’s economic recovery remains elusive in 2021

Health startup Field Intelligence embarks on expansion drive across Nigeria and Kenya

How improved investments will help elevate education in Africa

ACT Foundation announces grants for 27 organizations

Bank of Tanzania pumps $431.2mn into economy to boost private sector growth

Rwandan market review

President Kenyatta embarks on 3-day visit to the UK

News Tips

Advertise With Us

wuhan

Nigeria MPC hikes MPR by 150bps to 26.25% (full-speech)

COVID-19: UMA’s Birungi on how to build resilience in Uganda’s manufacturing sector

Making sense of Rwanda’s latest $620mn Eurobond issue

Can the Mauritian economy bounce back swiftly after Covid-19 crisis?

Nigeria’s Courteville declares 148.4m naira profit in first half

RMB’s outlook for Nigeria’s consumer goods sector

How Nigerian GenCos can address gas supply challenges

Nigeria to receive 4.8m doses of COVID-19 vaccines from the US

Assessing Africa’s cyber threat landscape

President Suluhu Hassan embarks on 2-day state visit to Rwanda

IMF: Republic of Congo’s economic recovery remains elusive in 2021

Health startup Field Intelligence embarks on expansion drive across Nigeria and Kenya

How improved investments will help elevate education in Africa

ACT Foundation announces grants for 27 organizations

Bank of Tanzania pumps $431.2mn into economy to boost private sector growth

Rwandan market review

President Kenyatta embarks on 3-day visit to the UK

News Tips

Advertise With Us

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