A new survey is gauging the public opinion of Africans on how the Covid-19 crisis is playing out. The survey is a joint work of Deloitte in partnership with research firm Opinionway and consulting firm 35 Nord. The survey was carried out in 8 countries across Africa and finds that there is a deep anxiety about the economic and social consequences of the pandemic. CNBC Africa’s Kenneth Igbomor caught up with Brice Chasles, Managing Partner for Francophone Africa, at Deloitte to get more insight on the findings....
The CEO of Nigeria-based CFG Advisory, Tilewa Adebajo joins CNBC Africa’s Kenneth Igbomor for an independent assessment of the joint survey by Deloitte, OpinionWay and 35 Nord on the perceptions of Africans on how the COVID-19 pandemic is impacting the continent....
Closing Bell West Africa
It's been a mixed trading week at the Nigerian Stock Exchange as the All-Share Index closed in the red on Monday and Tuesday but on Wednesday the bulls held sway. For a look at how the Lagos bourse performed today, Gbolahan Aina, Head of Investment Management at Cordros Asset Management joins CNBC Africa for more....
The coronavirus pandemic has been dealing a severe blow to global economies, from oil price shocks, to supply chain disruptions leaving global investment flows at subpar levels. Sustaining key partnerships at a time like this will definitely go a long way to cushion the impact of the pandemic. At a virtual ministerial meeting of the UK-Nigeria Economic Development Forum, the United Kingdom and Nigeria pledged to keep the flow of bilateral trade and maintain existing investments through the crisis. Harriet Thomson, British Deputy High Commissioner in Nigeria joins CNBC Africa's Kenneth Igbomor for more....
Closing Bell West Africa
Meristem Securities says in the near term, lock-down measures employed worldwide could impede the ease of importing raw materials. Also, the congestion at Nigeria’s seaport has only gotten worse, posing potential risks to logistics costs. Eniola Olabode, Senior Investment Analyst at Meristem Securities joins CNBC Africa to breakdown the impact of the Covid-19 crisis on some key pharma stocks.
Nigeria allocated N2.9 trillion in the revised budget for debt servicing. This comes as the Senate had earlier approved a $5.5 billion borrowing request made by President Muhammadu Buhari. Meanwhile, Nigeria’s Debt Management Office is scheduled to offer N150 billion in its monthly bond auction this week. Dipo Ajayi, Head of Fixed Income and Forex at Chapel Hill Denham joins CNBC Africa for more.
Captains of Industry
Rwanda’s leading cement manufacturer Cimerwa PPC has set ambitious targets for the next financial year and with that came a new CEO to lead the ship. But with the coming of the COVID-19 pandemic, is this a setback in the company’s ambitious plans? CNBC Africa’s Arnold Kwizera sat down with the new CEO Albert Sigei for more....
Rwanda reviewed the procedures to obtain construction permits, reducing the number of days from over 110 to less than 60 while the cost will reduce from 12 per cent to just 2.2 per cent of the building value. Construction contributes big to Rwanda’s economy, having grown by 33 per cent in the fourth quarter of 2019. On this episode of Doing Business in Rwanda, we explore how the pandemic has impacted the sector and incentives for investment....
Closing Bell West Africa
Cement makers in Nigeria reported largely resilient first-quarter results despite the COVID-19 outbreak. Janet Ogunkoya, Research Analyst at ARM Securities joins CNBC Africa to discuss the drivers of these earnings and what to expect in the second quarter....
HARARE (Reuters) - Zimbabwe’s Landela Mining Venture has reached agreements to take over and revive four idle state-owned gold mines and is...
CAPE TOWN (Reuters) - South Africa’s National Treasury said on Friday there was “no further action” planned to bailout struggling national airline...
Of all the industries the coronavirus pandemic has affected, the airline industry is among those that have been hit the hardest. According to the International Air Transport Association, airlines' passenger revenue is estimated to sink by over $300 b
Just last week finance minister Tito Mboweni outlined the emergency budget to nurse South Africa through the Covid-19 crisis. A big part of this budget was a plan for South Africa to get its debt under control within four years. Fitch Ratings, the agency that downgraded South Africa in April doubts whether South Africa can do this. CNBC Africa’s Chris Bishop spoke to Jan Friederich, Senior Director of Fitch Ratings for more.
Rwanda has signed a financing agreement with the USAID worth about $643.8 million to support Rwanda’s development efforts in the next five years. Moreover, Rwanda Convention Bureau announced the reopening of meetings and conferences. Edwin Ashimwe, Journalist with The New times joins CNBC Africa for more.