Stanbic Bank Kenya’s net profit drops on bad loans load

A rise in provision for bad loans have seen Stanbic Bank Kenya post reduced net earnings for the half-year period ending June. Still in the banking sector, Barclays Bank of Kenya has reported a 13 per cent drop in half-year net profit.

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World Bank: COVID-19 to push five million more Nigerians into poverty in 2020

The World Bank says the outbreak of the COVID-19 pandemic is expected to push five million more Nigerians into poverty this year as the pandemic is threatening the ability of Nigerian households to generate income to meet their basic consumption needs. Bismarck Rewane, CEO of Financial Derivatives joins me from Lagos for this conversation.

Ian Williamson outlines his plans for Old Mutual

After two stints as acting CEO of Old Mutual, the pan- African Financial services group has made official Iain Williamson’s role as head of the company. Williamson first served as acting Old Mutual in 2017 and again in 2019 when the company fired its former CEO Peter Moyo following a conflict of interest that resulted in breakdown of trust and confidence. Iain Williamson joins CNBC Africa for more.

Naira Outlook: CBN working on gradual unification of exchange rates

No doubt Nigeria's currency has come under pressure in recent months; the Central Bank of Nigeria says it is working towards the gradual unification of exchange rates. But what does the CBN's recent move in asking lenders to bid for dollars at 5 per cent above the official rate mean for the markets going forward? Victor Aluyi, Head of Portfolio Management at Comercio Partners joins CNBC Africa for more.

Fitch expresses doubt over SA’s debt consolidation plans

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.

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