Traders say subscription level for Nigeria’s August bond auction was evidently weak owing to low offshore interest in Nigerian yields. But do low Nigerian yields signal a positive entry point for potential long term investors? Seun Ameye, Fixed Income Trader at CITI Nigeria joins CNBC Africa for more.
PwC Nigeria says official remittances to Sub-Saharan Africa grew by 10 per cent to $46 billion in 2018. Andrew Nevin, Partner and Chief Economist at PwC Nigeria says these funds are supporting economic activities on the continent. He joins CNBC Africa’s Esther Awoniyi for more.
Tile retailer Italtile has seen a 7 per cent increase in its headline earning per share for its full year 2019 results. The company’s store network increased by 7 per cent to 189 stores from 176 in 2018. Italtile CEO, Jan Potgieter joins CNBC Africa for more.
Brazil’s National Institute for Space Research says the current fire in the Amazon rainforest is burning at its highest rate. It is source of concern for scientist and climate change enthusiast all over the world. To discuss this story, Desmond Majekodunmi, Environmentalist and Founder of Lufasi Urban Forest Park joins CNBC Africa for more.
The Nigeria Hydrological Services Agency (HSA) says more flooding is expected in September. Meanwhile, emergency agencies have called for more funding from the government to face the challenges ahead. To discuss this development, Timothy Iwuagwu, Chairman of the Lagos State Branch (LSB) at the Institute of Safety Professionals of Nigeria (ISPN) joins CNBC Africa for more.
Work begins for Nigeria’s new cabinet after their much-anticipated inauguration on Wednesday. To discuss the task ahead for President Buhari's new posse, Eze Onyekpere, Lead Director of the Centre for Social Justice (CSJ) joins CNBC Africa for more.
CNBC Africa’s Karabo Letlhatlha is at the Beer Association of South Africa launch which aims to bring the main beer manufacturers together in order to transform and challenge issues that faces South Africa’s alcohol and beer industry. He spoke to Nick Smith, Craft Brewer and BASA member for more.
To continue the uphill battle of office between Old Mutual and axed CEO Peter Moyo, the company has given further notice to Mr Moyo to terminate his employment. Tabby Tsengiwe, Chief Communications Officer at Old Mutual Group joins CNBC Africa for more.
CNBC Africa is joined by Ann-Katrin Petersen, Vice President and Senior Investment Strategist for Global Economics & Strategy at Allianz Global Investors. In the midst of the sovereign debt crisis she was responsible for analysing economic and political developments in the euro area for internal and external clients worldwide. She joins us for her take on the global market slowdown expected for the rest of 2019.
Over the weekend Enoch Godongwana the ANC’s economic policy head stated that the government is investigating the use of prescribed assets for pension funds in order to avoid a bailout from the International Monetary Fund. However, this may raise some concerns as the last time that the government implemented prescribed assets, retirement funds had to invest half of all its savings in government bonds. But, perhaps offshore investing may secure the future of ones’ pension savings. According to Coreen van der Merwe, Managing Director of Sovereign Trust SA more middle- class earners and people looking for a tax-efficient retirement plan are turning to offshore investments. She joins CNBC Africa for more.
In 2016 the Kenyan Parliament capped interest rates at 4 percent above the Central Bank’s benchmark amid concern about high rates in an effort to help small traders affordably access capital. At the time the interest rate controls were considered to be among the most drastic ever imposed by a government, now the conversation is about potential plans to repeal. To discuss this and other business headlines coming out of the country, Journalist, Joseph Bonyo joins CNBC Africa for more.
Despite significant economic growth in Africa, there’s minimal improvement of lives primarily because the continent lags behind in terms of financial inclusion. To discuss how smarter use of data can help drive up financial inclusion, Hennie Bester, Lead at the Insight2Impact joins CNBC Africa for more.
What do the Chinese renminbi, Indian rupee, Thai baht, rand, kwacha, lira, naira and Egyptian pound all have in common? They are the currencies of emerging markets that are battling multiple headwinds. Will they sustain a currency war or is Argentina’s peso collapse a bigger threat? Joining CNBC Africa to help us flip a coin to find out is Andre Cilliers, Director at TreasuryONE and Samy Chaar, Chief Economist, from Bank Lombard Odier....
If you examine a three-month chart for Clicks, Mediclinic Aspen, Dis-chem, Discovery and Netcare the share prices have followed a downward trajectory. Are these healthcare stocks in need of urgent medical care or is there a buying opportunity? Steph Erasmus, Avior’s Healthcare and Chemicals Analyst joins CNBC Africa for a thorough examination....
Renergen, a dual listed chemicals and renewable energy group, has secured $40 million in capital from a U.S Government agency. The natural liquefied gas producer officially entered into a 12-year term loan agreement with the Overseas Private Investment Corporation to finance a gas project here in South Africa. Joining CNBC Africa for more Stefano Marani, CEO, Renergen.
John-Laffnie de Jager, ATP Tour Tennis Coach and Founder of the Matchpoint Foundation became the only South African to coach in all the big team events in the world including the Davis Cup, Fed Cup and the Olympics. He will be hosting two world tennis champions Rafael Nadal and Roger Federer for their first match together on South African shores. He joins CNBC Africa for more.
According to the Integrated Household Living Conditions Survey, poverty in Rwanda reduced to 38.2 per cent in 2016/2017 from 39.1 per cent in 2011/2014. To help us understand how this is measured, Economic Analyst, Ted Kaberuka joins CNBC Africa for more.
East African Community (EAC) member states are set to start discussions on revising the timelines for the start of the single currency regime, after realising that it would be difficult to set up the necessary institutions and achieve the set macroeconomic benchmarks with only five years to the 2024 deadline. Reginald Kadzutu, Economic Analyst joins CNBC Africa for more.
Last week in the Monetary Policy Committee (MPC) meeting, Bank of Uganda moved to maintain the Central Bank Rate at 10 per cent. Economic growth in Financial Year 2019/2020 is projected at 6-6.3 per cent supported by the accommodative monetary policy that resulted in stronger growth in private sector credit, expansionary fiscal policy and multiplier effects of public infrastructure investments. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for more.
The World Bank says agricultural prices are expected to fall 2.6 per cent this year on average, amid ample stocks but foresees a 1.7 per cent rise in 2020 on expected cuts in U.S. crop plantings and higher costs of energy and fertilizers. For a focus on the global commodities market, Damilola Akinbami, Head of Research at Financial Derivatives joins CNBC Africa for more.