As the dust settles from South Africa’s emergency budget announcement, economist and ratings agencies have expressed their pessimism towards the finance minister Tito Mboweni’s ability to cut expenditure and deliver on his debt stabilisation plan. Joining CNBC Africa for this discussion are Mamello Matikinca-Ngwenya, Chief economist at FNB, Nicky Weimar, Chief Economist at Nedbank and Murtaza Moulvi, Head of Financial Markets at Standard Chartered Bank....
The operationalization of the African Continental Free Trade Area agreement was supposed to take place at the beginning of this month but just like many developments it has been set back by the COVID-19 pandemic. CNBC Africa spoke to former Nigerian President Olusegun Obasanjo on how AfCTA can get back on track.
The Covid-19 pandemic is stretching health systems across Africa, with over 461 000 confirmed cases on the continent and around 11 000 deaths. With many patients in intensive care, how can the continent redefine better models to get better outcomes? Dr Babaseyi Oyesola, Consultant in Anaesthesia & Critical Care joins CNBC Africa for this discussion....
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.
Closing Bell West Africa
The NSE All Share Index was the lone laggard among the African bourses last week shedding 1.99 per cent. What can we expect from the Lagos bourse this week? Ayodeji Ebo, Managing Director of Afrinvest Securities joins CNBC Africa for more....
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.
A new private sector-led initiative is looking to crowd source funds from Nigerians to help about two million Lagosians whose livelihoods have been severely impacted by the Covid-19 pandemic. Yomi Adedeji, CEO of Softcom and Convener of the HelpNow Initiative joins CNBC Africa for more.
Despite the Covid-19 pandemic, work is still on-going at the 650 000 barrels per day Dangote Refinery, which is expected to be commissioned in January next year. The company’s Group Executive Director Devakumar Edwin joins CNBC Africa to share some insight on the progress.
But in an open letter to the Geneva-based agency, published on Monday in the Clinical Infectious Diseases journal, 239 scientists in 32 countries outlined evidence that they say shows floating virus particles can infect people who breathe them in.
HARARE (Reuters) - Zimbabwe’s President Emmerson Mnangagwa has sacked health minister Obadiah Moyo with immediate effect for inappropriate conduct, a statement from...
“But we also said to ourselves...that in another sense it is celebrating the persecutor,” he said. “What happened to George Floyd was the final straw.”
ABIDJAN (Reuters) - Ivory Coast’s gross domestic product growth is expected to slow to 0.8% in 2020 compared to a previous forecast...
South Africa's biggest fertilizer producer Omnia was profitable in the year to March after extensively restructuring its business units. Omnia CEO, Seelan Gobalsamy joins CNBC Africa to breakdown the results.