Oil prices decline to their lowest since 2018, these are the main drivers behind the slide


Ahead of OPEC’s meeting this week, oil prices rose by more than four per cent from multi-year lows earlier, as hopes of a deeper cut by the oil producing club and stimulus from Central Banks fuelled the rebound. Rolake Akinkugbe-Filani, Managing Director of Energyinc Advisors joins CNBC Africa me for more.

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COVID-19: How can Nigeria’s digital economy be unlocked?

The advent of the Covid-19 pandemic has accelerated the transition to more digitally enabled lifestyles and ways of working globally but according to the United Nations Conference on Trade and Development, gaps and risks implicit in the digital economy are more exposed by the Covid-19 shock. So how can Nigeria fully unlock its digital economy? Uzoma Dozie, Founder and CEO of Sparkle; a newly launched Nigerian digital platform says they are looking to remove barriers using technology and data. He joins CNBC Africa for more.

Nelisiwe Magubane appointed new chairperson of Strategic Fuel Fund

The Strategic Fuel Fund is the state-owned entity that manages South Africa's strategic crude oil stockpile has appointed the former director general for the Department of Energy, Nelisiwe Magubane as its new chairperson. Nelisiwe joins CNBC Africa for more on her new role amid the global oil price and output tensions.

How the COVID-19 lockdown is impacting petrol supply in SA

Petrol prices in South Africa hiked up yesterday amid most of the global economy reopening and oil supply expected to rise. However, according to concerns raised by the parliamentary portfolio committee, they may be a diesel shortage in South Africa due to the slowdown in national refinery production. Joining CNBC Africa for more is Avhapfani Tshifularo, Executive Director at the SA Petroleum Industry Association.

COVID-19: NAAMSA CEO on SA’s vehicle sector outlook for 2020

One of the hardest hit industries during the Covid-19 crisis is the automotive sector, with South Africa’s new vehicle sales for the month of May plunging by 68 per cent in and 98 per cent in April. The slowdown in car manufacturing and consumer purchasing power was due to the strict Covid-19 lockdown that was implemented by the South African government at the end of March. Joining CNBC Africa for more is Mike Mabasa, CEO, National Association of Automobile Manufacturers of South Africa.

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