Expert calls for review of Nigeria’s trade policy ahead of AfCFTA

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South Africa’s Sasol cuts production, sales target due to COVID-19 lockdown

South African petrochemicals giant Sasol Ltd on Wednesday cut its guidance for synthetic fuel production and liquid fuel sales for this financial year due to a three-week nationwide lockdown linked to coronavirus.

How COVID-19 cooked the golden goose – The SA chef who went from golden days to zero.

“The smaller jobs would cover your costs and a big corporate gala dinner, with 200 people, would be the cherry on top,”

Safaricom, Vodacom partner to grow M-pesa across Africa

Safaricom and Vodacom recently announced the completion of the acquisition of the M-pesa brand as well as product development and support services from Vodafone through a newly created joint venture. This move is expected to accelerate M-pesa's growth in Africa. Sitoyo Lopokoiyit, Safaricom Chief Officer for Financial Services joins CNBC Africa for more.


Its 133 days until the start of trading under African Continental Free Trade Agreement, so far 54 Countries have signed up and just about 29 countries have ratified the agreement. Nigeria’s Minister for Industry, Trade and Investment says this ratification will only take place if Nigeria is sure that its industries will be protected. To discuss Nigeria’s trade strategy and the journey to ratify the AfCFTA, Tilewa Adebajo, CEO of CFG Advisory and Mansur Ahmed, President of the Manufacturers Association of Nigeria both join CNBC Africa for more.

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Rand hits record low, goes over 19 to dollar as Fitch downgrades SA further into junk status

Last Friday Moody’s, the last rating agency to rate South Africa investment grade, cut South Africa’s sovereign credit rating to junk in line with economists’ forecast. Today Fitch further downgraded the country sending the rand plunging over 19 rand to the dollar. Below it gives its reasons...

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Bank of Uganda slashes key interest rate to 8%

The Bank of Uganda has reduced its key interest rate by one percentage point to 8 per cent in efforts to mitigate the effects of the COVID-19 pandemic. Analyst Charles Bwogi joins CNBC Africa to discuss movements shaping the Ugandan market.

How African economies can survive the COVID-19 crisis

Governments on the continents have put forward strict measures in an effort to fight coronavirus of which, the impact will be greatly felt across the economies. The World Bank and the International Monetary Fund have stressed on the need to provide debt relief to developing countries. Grant Harris, CEO, Harris Partners LLC joins CNBC Africa for more.

Twitter CEO Jack Dorsey pledges $1 billion of Square stake for COVID-19 relief efforts

Twitter Inc (TWTR.N) Chief Executive Officer Jack Dorsey on Tuesday pledged $1 billion of his stake in Square Inc (SQ.N), the payments processor that he co-founded and heads, to help fund relief efforts related to the coronavirus pandemic.

Nigerian markets await DMO April bond auction

Traders say Nigeria’s April bond auction may not hold on the back of Nigeria's 14-day lockdown but adds that the Debt Management Office would keep paying this month’s coupons. Bankole Odusanya, Head of Fixed Income trading at UBA joins CNBC Africa for this discussion.
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