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<p>The MultiChoice Group says it recorded a 9 per cent increase in subscribers in Nigeria in its full year numbers but is facing challenges and risks with inflation, FX and oil prices. These risks may have been compounded as the Federal Inland Revenue Service of Nigeria alleges that the entertainment company has outstanding tax obligations to the tune of 1.8 trillion naira, but the cable provider say they have complied with Nigeria&#8217;s tax laws. Michael Ango, Partner for Tax Advisory and Regulatory Services at Andersen joins CNBC Africa for more.</p>


FIRS vs MultiChoice: Addressing the facts

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<p>A new study released by Rwanda Finance Limited yesterday cast a dark shadow on Africa. The report which surveyed professional across Africa shows the continent continues to struggle to attract private capital. Michelle Umurungi, Senior Strategy and Policy Analyst at Rwanda Finance spoke to CNBC Africa’s Julius Bizimungu for more.</p>


Africa struggles to attract private capital – report

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<p>Just days after Tanzania published its first Covid-19 data, the country is now considering manufacturing vaccines for Covid-19. A research scientist from the National Institute for Medical Research in Tanzania.  Dr. Kunda John Stephen joins CNBC Africa for more.</p>


Tanzania mulls manufacturing COVID-19 vaccines

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<p>The OECD says discontent is rising around the world, and it reflects dysfunctions and injustices that have emerged in social and political systems. They also note that the Covid-19 pandemic has exposed these defects to devastating effect. Alexander Pick, Head of New Development Policies and Institutions at the OECD Development Centre joins CNBC Africa to discuss how protests impact progress.</p>


OECD on how modernization is weakening social cohesion in communities

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<p>Concerns are mounting over the wanton spate of abductions of school children by armed gangs in the Northern part of Nigeria, particularly, in Kaduna State, where, this week, no fewer than 150 students were abducted, making the latest in a series of cases. This signals a high threat to the education of children in the region. According to the United Nations, at least 950 students have been abducted from their schools for ransom by armed men since December last year. UNICEF has raised concerns that these violent activities will increase in West and Central Africa due to the redirection of non-state armed groups who will opt for kidnap-for-ransom in the coming weeks ahead. UNICEF Country Representative for Nigeria, Peter Hawkins joins CNBC Africa for more.</p>


UNICEF raises concerns over child abductions in parts of West & Central Africa

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<p>Fitch Ratings has revised the outlook on Access Bank PLC’s Long-Term Issuer Default Rating from Negative to Stable and confirmed the rating at ‘B.’ The rating firm also revised the Outlook on Union Bank of Nigeria Plc to Stable from Negative, and affirmed the Long-Term Issuer Default Rating at &#8216;B-&#8216; and Viability Rating at &#8216;b-&#8216;. CNBC Africa spoke to Mahin Dissanayake,  Senior Director<br />
Fitch Ratings for more.</p>


Fitch revises outlook on Union and Access Bank to stable

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<p>Nigeria&#8217;s total debt stock was 33.1 trillion naira as at the first quarter of 2021 and according to the Medium-Term Expenditure Framework, new borrowings totaling about15 trillion naira is expected between 2022 and 2024. The document also has an oil price benchmark of $57 a barrel for the year 2022 and projects an average inflation rate of 13 per cent. Chamberlain Peterside, CEO of Xcellon Capital Advisors joins CNBC Africa for more.</p>


MTEF: Nigeria’s new borrowings to hit 15 trillion naira by 2024

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<p>The Chartered Institute of Taxation of Nigeria is working on a policy and strategy document for the taxation of global tech companies in Nigeria. This comes on the heel of the suspension of the operations of social platform, Twitter. Meanwhile, 130 countries have agreed on a minimum 15 per cent global tax rate on large multinational enterprises. Joining CNBC Africa for a focus on Nigeria’s plan to tax global tech companies are; Asiata Agboluaje, Partner for International Tax at Deloitte Nigeria and Chinde Ezomike, Partner for Commercial Practice at Andersen.</p>


Understanding Nigeria’s plan to tax global tech companies

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<p>There has been quite a lot of controversy in recent times between Lekoil Nigeria and its main branch in the Cayman Islands-registered as Lekoil Limited.</p>


Lekoil  Nigeria CEO clears air on ownership tussle

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<p>Nigeria is projecting a 4.2 per cent growth in 2022 according to the Minister of Finance, Budget and National Planning, Zainab Ahmed. Meanwhile, holders of refining licences in the Nigeria will be able to purchase domestic crude oil supply in naira as indicated in the recently passed Petroleum Industry Bill. Paul Alaje, Senior Economist at SPM Professionals joins CNBC Africa for more.</p>


Nigeria targets 4.2% growth in 2022

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<p>A report by Stears Data has identified loopholes that are threatening rights to privacy and freedom of expression in Nigeria.</p>


Are Nigeria’s data protection laws adequate?

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<p>A new report by multinational consulting firm, KPMG says that Chief Financial Officers of companies operating in Nigeria remain discouraged about the prospects for growth in the economy in the remaining part of 2021, but they remain optimistic about the prospects of growth of their various organizations and industries. The report also identifies foreign exchange availability as the most important stay-awake issue for CFO&#8217;s followed by tax and the Covid-19 pandemic. Tola Adeyemi Partner and Head of Audit Services at KPMG joins CNBC Africa for more.</p>


KPMG: FX

KPMG: FX, tax & COVID-19 most important “stay-awake” issues for Nigerian CFOs

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<p>Ghanaian Fintech Zeepay has completed a $7.9million Series A funding round, which will be a combination of both equity and balance sheet funds. Andrew Takyi-Appiah Managing Director and Founder of Zeepay joins CNBC Africa for more.</p>


Ghana’s Zeepay completes $7.9mn series A fundraise

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<p>It’s the first day in the second half of the year. In the first quarter, Nigeria’s economy recorded a slow growth of 0.51 per cent. Today, a crucial meeting by OPEC and its allies is currently underway to decide the next phase of their production policy. Damilola Akinbami, Head of Research at the Financial Derivatives Company joins CNBC Africa for more.</p>


What will drive Nigeria’s economy in the second-half of 2021?

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<p>It’s been one hundred days since Samia Saluhu Hassan took over as Tanzania’s president. She took power on March 19 this year after the death of President John Pombe Joseph Magufuli who passed away on March 17 due to heart complications. Raphael Maganga, an Economic Analyst  joins CNBC Africa to review her first 100 Days in office.</p>


Reviewing the first 100 days of Samia Saluhu Hassan’s presidency

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<p>The latest market report by TransUnion highlights that the appetite for credit dropped in quarter one this year. There was a 77.3 per cent decline in loan disbursements, and a 19.72 per cent drop in the number of new accounts reported compared to the quarter before that. Emile Kinuma, Country Director at TransUnion Rwanda spoke to CNBC Africa’s Julius Bizimungu for more.</p>


Rwanda’s lending sector sees reduced appetite for credit in first quarter

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<p>Online marketplace, Jiji, has reached an agreement to merge with automotive trading platform, Cars45 as it seeks to firm up its online classified car buying and selling service on the continent. The deal which covers operations in Nigeria, Ghana and Kenya will offer a new level of trade for auto buyers and sellers across the three countries. Soumobroto Ganguly, Chief Executive Officer of Cars 45 joins CNBC Africa for more.</p>


wuhan

FIRS vs MultiChoice: Addressing the facts

Africa struggles to attract private capital – report

Tanzania mulls manufacturing COVID-19 vaccines

OECD on how modernization is weakening social cohesion in communities

UNICEF raises concerns over child abductions in parts of West & Central Africa

Fitch revises outlook on Union and Access Bank to stable

MTEF: Nigeria’s new borrowings to hit 15 trillion naira by 2024

Understanding Nigeria’s plan to tax global tech companies

Lekoil Nigeria CEO clears air on ownership tussle

Nigeria targets 4.2% growth in 2022

Are Nigeria’s data protection laws adequate?

KPMG: FX, tax & COVID-19 most important “stay-awake” issues for Nigerian CFOs

Ghana’s Zeepay completes $7.9mn series A fundraise

What will drive Nigeria’s economy in the second-half of 2021?

Reviewing the first 100 days of Samia Saluhu Hassan’s presidency

Rwanda’s lending sector sees reduced appetite for credit in first quarter

Online marketplace Jiji reaches merger agreement with Cars45

News Tips

Advertise With Us

wuhan

FIRS vs MultiChoice: Addressing the facts

Africa struggles to attract private capital – report

Tanzania mulls manufacturing COVID-19 vaccines

OECD on how modernization is weakening social cohesion in communities

UNICEF raises concerns over child abductions in parts of West & Central Africa

Fitch revises outlook on Union and Access Bank to stable

MTEF: Nigeria’s new borrowings to hit 15 trillion naira by 2024

Understanding Nigeria’s plan to tax global tech companies

Lekoil Nigeria CEO clears air on ownership tussle

Nigeria targets 4.2% growth in 2022

Are Nigeria’s data protection laws adequate?

KPMG: FX, tax & COVID-19 most important “stay-awake” issues for Nigerian CFOs

Ghana’s Zeepay completes $7.9mn series A fundraise

What will drive Nigeria’s economy in the second-half of 2021?

Reviewing the first 100 days of Samia Saluhu Hassan’s presidency

Rwanda’s lending sector sees reduced appetite for credit in first quarter

Online marketplace Jiji reaches merger agreement with Cars45

News Tips

Advertise With Us

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