south africa

CEO of MTN Nigeria, Karl Toriola believes the free flow of FX in the economy, subsidy removal and the tax reform bill are catalytic to the telecom business as it aims to achieve a minimum of 45 per cent growth in service revenue in 2025. 

MTNN targets 45% quarterly revenue growth in FY'25 

MTN Nigeria expects the full effect of the 50 per cent tariff increase to reflect in its second quarter earnings due to the delay in implementation. 

MTN Nigeria: 50% telecom tariff hike to reflect in Q2'25 results

The CEO of MTN Group, Ralph Mupita says the telecommunications company is earmarking about $2 billion in capital expenditure with about 90 per cent of the investment going into building wireless networks across sub-Saharan Africa this year. 

Mupita: MTN plans $2bn capital expenditure for SSA network infrastructure in 2025

The Nigeria Labour Congress is calling for a stronger implementation of the 70,000 naira minimum wage, acceleration of the Compressed Natural Gas Transport system.

Nigeria labour insists on ₦70,000 minimum wage, CNG transport & student loan initiatives

The contest for the Presidency of Africa's largest development finance institution, the African Development Bank, is in the final stretch, featuring five candidates, including South Africa's Bajabulile Swazi Tshabalala, who joins CNBC Africa.

Swazi Tshabalala outlines bold vision to lift Africa’s growth

To unpack the latest PMI data, CNBC Africa is joined by Andiswa Nondudule, Economist at ABSA CIB.

South Africa’s manufacturing sector slumped in April

Zenith Bank's Group Managing Director and CEO, Adaora Umeoji says the bank is under no pressure to raise more money highlighting the bank has a 160 per cent capital adequacy ratio and 560 billion naira subscription on its books. 

Umeoji: Zenith Bank under no pressure to raise additional capital

Markets remain volatile, and with protectionist trade measures once again making headlines, we thought it timely to share our views.

Navigating market volatility amid tariff chaos

Recently, data showed that China’s economy showed surprising strength thanks to consumer subsidies and a rush of export shipments to beat tariffs. 

Tracking market sentiment over Chinese equities

According to the World Bank’s latest commodity markets outlook faltering economic growth is coinciding with ample oil supply in ways that are expected to drop global commodity prices to their lowest level of the 2020s. 

World Bank’s commodity markets outlook 

Kenya’s government is aggressively reworking legislation to drive the Africa Continental Free Trade Area with focus turning to Micro-Small and Medium Sized businesses. 

Developing Africa’s MSME sector key to drive AfCFTA

The simmering trade war is tipped to continue ruffling markets with no end in sight between United States stance against China. 

SOUTH AFRICA