Africa Press Office
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ince it was founded in 2017 in Shanghai, Aiways has raised “no more than 10 billion yuan” and it will need to secure more funding from some private equity funds and other investors, said Fu, the former head of Volvo Cars China who has also been an executive at Mercedes-Benz, Skoda and FAW-Volkswagen.
At least 19 areas in the fertile Zambezi region, which borders Zambia, Zimbabwe Angola and Botswana, have been hit by a red locust outbreak since Aug. 12, agriculture minister Calle Schlettwein said in a statement.
Nigeria's 145 billion naira September bond was oversubscribed by 215.2 billion naira. Traders at Access bank say the bullish trend at the bond market is likely to continue although on a less aggressive note as system liquidity remains robust. Bukky Aregbesola, Head of Fixed Income at Access Bank joins CNBC Africa for more....
The United Nations Conference on Trade and Development says if the world economy is to move away from the edge of depression and claw its way back towards sustainable growth and development, it must recover more effectively than it did from the Global Financial Crisis a decade ago. UNCTAD also stressed that a return to pre-pandemic austerity will reduce annual global growth by one percentage point and increase the global unemployment rate by 2 percentage points until 2030. Paul Alaje, Senior Economist at SPM Professionals joins CNBC Africa for more.
SA Express is another embattled state owned airline which was due to get its wings clipped amid the tough economic landscape for the airlines industry, but they have received a lifeline from its employees. SA Express employees under a group called Fly SAX has been given the green light to buy the airline and return it to the skies. Aviation Analyst, Desmond Latham joins CNBC Africa for more.