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<p>Nigerian investors are setting their sights on the Treasury Bills Auction today, barely 24 hours after the 50-basis point rate hike by the Monetary Policy Committee. Kinskin Ukeje, a Treasury Team Member at Access Bank, joins CNBC Africa for a market discussion.</p>


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Investors eye ₦277bn T-bills auction


<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="461" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1407863161-820x461.jpg" alt="" class="wp-image-510589" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1407863161-820x461.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1407863161-300x169.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1407863161-160x90.jpg 160w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1407863161-768x432.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1407863161-1536x864.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1407863161-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Aerial photo from the capital of Angola, Luanda | Getty Images</figcaption></figure>



<p id="tw-target-text">Angola is making significant strides in diversifying its economy by attracting foreign investment across various sectors. In a recent initiative, the Agency for Private Investment and Exports Promotion (AIPEX) has <a href="https://investinangola.ao/">launched the &#8216;INVEST IN ANGOLA&#8217; platform</a>, aimed at streamlining and enhancing investment opportunities within the country.</p>



<h2 class="wp-block-heading" id="h-angola-s-economic-diversification-strategy">Angola&#8217;s Economic Diversification Strategy</h2>



<p>Historically reliant on oil, Angola is now focusing on diversifying its economic base. Key sectors identified for development include manufacturing, ICT, agriculture, and education. By tweaking private investment laws and offering incentives aligned with the developmental needs of different regions, Angola is positioning itself as a favorable destination for foreign investors.</p>



<p>The ongoing reforms cover political, economic, and social aspects, signaling a robust transition towards improving infrastructure and increasing regional integration. This includes better connectivity to support trade and cooperation with neighboring African nations.</p>



<h2 class="wp-block-heading" id="h-strategic-partnerships-and-trade-agreements">Strategic Partnerships and Trade Agreements</h2>



<p>Significant milestones include the recent trade partnership with Rwanda. The memorandum of understanding (MoU) signed with the Rwanda Development Board (RDB) aims to leverage mutual strengths and explore business opportunities. Learning from Rwanda’s successful Special Economic Zones, Angola aims to attract new investors and enhance its own Luanda Special Economic Zone.</p>



<h2 class="wp-block-heading" id="h-oil-and-gas-still-a-cornerstone">Oil and Gas: Still a Cornerstone</h2>



<p>Despite diversification efforts, the oil and gas sector remains crucial. Initiatives like an in-depth investor report and a high-level documentary produced in partnership with Energy Capital &amp; Power (ECP) will highlight opportunities in this sector. Major events such as the Angola Oil &amp; Gas (AOG) Conference continue to draw attention, fostering discussions, networking, and deal-making among key industry players.</p>



<h2 class="wp-block-heading" id="h-more-than-a-website">More than a website</h2>



<p id="tw-target-text">According to Forbes Africa Lusofone, the platform is a strategic tool aimed at facilitating access to critical information and resources for investors worldwide. Currently, there are 84 investment opportunities in key sectors such as agriculture, energy, infrastructure, and two projects under the privatization program (Propriv), as well as 539 products from the &#8220;Made in Angola&#8221; brand, reflecting the government&#8217;s commitment to promoting the Planagrão (National Grain Production Promotion Plan).</p>



<p id="tw-target-text">AIPEX will be responsible for managing this platform &#8211; &#8220;we are fully committed to ensuring that it becomes a benchmark of excellence and an indispensable support point for investors. Our team is focused on keeping the content updated, relevant, and aligned with international best practices. We will continuously expand the available resources, incorporate interactive tools, and offer personalized support to meet the needs of investors. We are aware that diversifying content and including interactive features such as investment maps and incentive calculators are essential to providing a complete and efficient experience,&#8221; says AIPEX.</p>



<p>The launch of the &#8216;INVEST IN ANGOLA&#8217; platform signifies a strategic effort to attract and retain foreign investment, thereby promoting sustainable development and inclusive growth. By capitalizing on its strategic location, abundant natural resources, and evolving business environment, Angola is poised to make significant advancements in its quest for economic diversification.</p>


Luanda Skyline from above

AIPEX Launches ‘INVEST IN ANGOLA’ Platform: A New Era for Investment in Angola

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<p>The return of the Basketball Africa League to Rwanda for the fourth time, highlights the nation&#8217;s ability to host major international events; reinforcing Rwanda&#8217;s status as a leading MICE hub in Africa, showcasing its infrastructure, hospitality, and organizational excellence on a continental stage.</p>


Discover Rwanda: The Basketball Africa League fiesta

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<p>Mastercard Foundation holds the inaugural EdTech Conference 2024. CNBC Africa brings you key issues and resolutions as stakeholders move to position Africa’s EdTech ecosystem for global growth.</p>


Focus On: MasterCard Foundation Inaugural EdTech Conference 2024 Highlights

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<p>Nigeria&#8217;s Monetary Policy Committee has raised the benchmark lending rate by 50 basis points, bringing it to 26.75 per cent from 26.25 per cent in May. According to the CBN Governor, the move is aimed at addressing rising inflation.</p>


Nigeria MPC raises MPR by 50bps to 26.75%

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<p>Analysts believe Nigeria is yet to develop a clear strategy to address key economic challenges, stressing that delivering economic outcomes without institutional reforms is not enough to address inflationary pressure among other challenges. Bismarck Rewane the CEO of Financial Derivatives and Esili Eigbe, a Director at Escap Management, joined CNBC Africa’s Wole Famurewa to analyse the decisions of the Monetary Policy Committee.</p>


Rate increase not significant enough to drive foreign capital

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<p>With inflation at 34.19 per cent and the naira dropping over 5 per cent since May, Nigeria&#8217;s monetary policy committee faces a crucial decision: maintain its hawkish stance or hold steady to allow this year&#8217;s 750 basis point hike to take effect. Bismarck Rewane, the CEO of Financial Derivatives and Esili Eigbe, a Director at Escap Management, unpack expectations of Nigeria’s fourth MPC meeting.</p>


Nigeria decides: Analysts weigh options for MPC

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<p>In an ambitious drive to eradicate AIDS in children by 2030, the Global Alliance has brought together a diverse coalition of multi-sectoral stakeholders, including women living with HIV, their families, national governments, and various global partners. CNBC Africa&#8217;s Zanele Morrison speaks to Humile Mashatile, the South African patron of the Global Alliance to End Aids.</p>


Global Alliance Patron, Humile Mashatile on efforts to end AIDS in children by 2030

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<p>Traders at UBA say Investors are taking a cautious stance ahead of Monday’s bond auction and outcome of this month&#8217;s MPC meeting on Tuesday . Meanwhile, sell interest is seen on short to mid-term bonds. Kenneth Onuoha, Team Member, Assets and Liabilities at UBA joins CNBC Africa for more market movements.</p>


UBA: Investors cautious ahead of next week’s bond auction

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<p>Traders at Access Bank say there are improved offers on mid-dated maturities with emphasis on the 2033 securities. Meanwhile, on the short-end of the bond curve, offers for the on-the-run April 2029 bond is hovering around 19.6 per cent levels. Emmanuel Orji, Treasury Team Member at Access bank joins CNBC Africa for more market movements.</p>


Access: Improved offers seen on mid-dated papers

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<p>South Africa&#8217;s Central Bank kept its main interest rate unchanged at 8.25 per cent in a decision announced earlier, as expected. The decision by the Monetary Policy Committee was split, with four members preferring an unchanged stance and two preferring a 25-basis-point rate cut. Governor for the Reserve Bank, Lesetja Kganyago vowed not to loosen policy until consumer prices recoiled back to the 4.5 per cent midpoint of its target range.</p>


SARB keeps repo rate unchanged at 8.25%

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<p>Over the past decade, the Gulf Co-operation Council has emerged as a major investor across Africa. With the recent changes in South Africa&#8217;s political landscape and infrastructural needs, how has the investment landscape changed for South Africa? This Focus On puts the spotlight on key areas of interest from the Middle East.</p>


Focus On: SA investment proposition into Middle East investors

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<p>The fixed income market is in a calm mood as bond appetite remains weak. Meanwhile, Traders at UBA say they expect the bond coupon payment due to have minimal impact on rates. Chuka Nwachukwu, Head of ALM and Balance Sheet Management at UBA joins CNBC Africa for more market movements and the outcome of today’s OMO auction.</p>


UBA: Bond appetite remains weak

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<p>Traders at Access Bank expect the quiet trend in the Bond market to linger with a bearish bias ahead of today’s OMO auction. Bosun Obembe, Treasury Team Lead at Access Bank joins CNBC Africa for more market movements.</p>


Access: Bearish market bias ahead of OMO auction

<p><iframe loading="lazy" src="https://www.youtube.com/embed/T1WJCjrmwNI" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>In the final episode of Startup Caps, we explore the ins-and-outs of impact investing, where the focus is and what challenges presents itself as opportunities.</p>


Startup Caps EP12: Impact investing in Africa

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<p>Joining CNBC Africa for this discussion is Max Cuvellier Giacomelli, Head of Mobile for Development at the GSMA.</p>


AI Africa: GSMA: Africa represents 2.5% of global AI market

<p><iframe loading="lazy" src="https://www.youtube.com/embed/W09ZK6aqDMM" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>This Focus On special puts Africa’s investment and trade opportunities in the spotlight. WE explore how Africa can grow together in a fragmented world and the role that one of Africa’s largest bank plays in driving growth.</p>


CNBC Africa

Investors eye ₦277bn T-bills auction

AIPEX Launches ‘INVEST IN ANGOLA’ Platform: A New Era for Investment in Angola

Discover Rwanda: The Basketball Africa League fiesta

Focus On: MasterCard Foundation Inaugural EdTech Conference 2024 Highlights

Nigeria MPC raises MPR by 50bps to 26.75%

Rate increase not significant enough to drive foreign capital

Nigeria decides: Analysts weigh options for MPC

Global Alliance Patron, Humile Mashatile on efforts to end AIDS in children by 2030

UBA: Investors cautious ahead of next week’s bond auction

Access: Improved offers seen on mid-dated papers

SARB keeps repo rate unchanged at 8.25%

Focus On: SA investment proposition into Middle East investors

UBA: Bond appetite remains weak

Access: Bearish market bias ahead of OMO auction

Startup Caps EP12: Impact investing in Africa

AI Africa: GSMA: Africa represents 2.5% of global AI market

Focus On: Africa’s competitive advantage: Growing together in a fragmented world

News Tips

Advertise With Us

CNBC Africa

Investors eye ₦277bn T-bills auction

AIPEX Launches ‘INVEST IN ANGOLA’ Platform: A New Era for Investment in Angola

Discover Rwanda: The Basketball Africa League fiesta

Focus On: MasterCard Foundation Inaugural EdTech Conference 2024 Highlights

Nigeria MPC raises MPR by 50bps to 26.75%

Rate increase not significant enough to drive foreign capital

Nigeria decides: Analysts weigh options for MPC

Global Alliance Patron, Humile Mashatile on efforts to end AIDS in children by 2030

UBA: Investors cautious ahead of next week’s bond auction

Access: Improved offers seen on mid-dated papers

SARB keeps repo rate unchanged at 8.25%

Focus On: SA investment proposition into Middle East investors

UBA: Bond appetite remains weak

Access: Bearish market bias ahead of OMO auction

Startup Caps EP12: Impact investing in Africa

AI Africa: GSMA: Africa represents 2.5% of global AI market

Focus On: Africa’s competitive advantage: Growing together in a fragmented world

News Tips

Advertise With Us

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