<p><iframe loading="lazy" src="https://www.youtube.com/embed/3zp2NlmTfCQ" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>The Board of Governors of the African Development bank Group approved a $117-billion General Callable Capital increase at the annual meetings in Nairobi, Kenya. Catch some of the key outcomes, this year, on this special recap on CNBC Africa, where we bring you exclusive insights from the side-lines where calls were made for a reform of the global financial architecture.</p>


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Focus On: AfDB Governors approve $117bn General Callable Capital increase

<p><iframe loading="lazy" src="https://www.youtube.com/embed/Xl0CckAbMPw" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Traders at UBA expect money market rates to remain elevated on the probability of persistent suppressed system liquidity. Meanwhile, investors await the outcome of today’s 166-billion-naira T-bills auction. Chuka Nwachukwu, Head of ALM and Balance Sheet Management at UBA joins CNBC Africa for more market movements.</p>


UBA: Money market rates remain elevated on suppressed liquidity

<p><iframe loading="lazy" src="https://www.youtube.com/embed/6IDnAzEOGy8" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>In this episode of Startup Caps, we delve deeper into big data and analytics. This growing sector has been on the receiving end of substantial investments as big data is adopted in various sectors such as fintech. What opportunities lies ahead for African startups?</p>


Startup Caps EP11: Big data & analytics investing in Africa

<p><iframe loading="lazy" src="https://www.youtube.com/embed/osma-kbcjus" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Africa has made strides in achieving universality in basic education, but its education systems continue to grapple with considerable challenges. This panel discussion will look at strategic collaboration for inclusive EdTech innovation and how to fostering learning opportunities for all.</p>


Ed-Tech Conference 2024: Delivering the future of learning: Innovating for resilience & inclusion

<p><iframe loading="lazy" src="https://www.youtube.com/embed/ZB-loZYyaVA" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Traders at Access Bank say today’s 166-billion-naira T-bills auction is fueling quiet market sentiments as investors fix their attention on the Primary Market auction. Tobechukwu Ikpe, Treasury Team Member at Access Bank joins CNBC Africa for more mid-week market movements.</p>


DMO conducts ₦166bn T-bills auction

<p><iframe loading="lazy" src="https://www.youtube.com/embed/Bz7-MUn559M" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Analysts expect market correction to set in the second half of this year driving a likely pull back after the peak performance recorded in the first quarter of this year. Muktar Mohammed, Analyst at Assar Investments joins CNBC Africa for more market updates.</p>


How market correction may drive equities pull back in H2’24

<p><iframe loading="lazy" src="https://www.youtube.com/embed/s2t8SSv-dHY" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Identifying effective education initiatives and expanding them to more people is not sufficient in scaling and sustaining education impact. What does it take to effectively scale impact for education transformation in Africa? Join our expert panellists as they share their insights on this.</p>


EdTech Monday: Scaling impact for education transformation

<p><iframe loading="lazy" src="https://www.youtube.com/embed/fuVwoYj8M_M" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Professor Benedict Oramah delivered passionate remarks during the 2024 Africa Business Day Forum organised by the Swiss African Business Circle. He stated, &#8220;Our goal is to establish a more strategic relationship between Africa and Switzerland; While the previous relationship was largely opportunistic, we envision a strategic partnership in which we combine our strengths to produce something that will benefit both Africans and the Swiss.&#8221;</p>


Afreximbank’s Oramah seeks more strategic relations between Africa and Switzerland

<p><iframe loading="lazy" src="https://www.youtube.com/embed/nfiqJg7WiOM" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Celebrate the fusion of tradition and innovation in Rwanda, where entrepreneurs are transforming traditional crafts into profitable ventures. Discover a sustainable fashion label, born in Rwanda and now sold globally, and meet the talented women artisans who are promoting local creativity and sustainable economic growth worldwide.</p>


Game Changers: Artonomics

<p><iframe loading="lazy" src="https://www.youtube.com/embed/NDrdxougLT4" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Traders at UBA say they expect a tight liquidity in the treasury bills market as investors continue to remain on the sell side. Kenneth Onuoha, Team Member, Assets and Liabilities at UBA joins CNBC Africa for more market movements.</p>


UBA: Profit taking to persist on tight liquidity

<p><iframe loading="lazy" src="https://www.youtube.com/embed/hvjfCGqeR-8" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Activities at the bond market remain minimal this week due to illiquidity in the system and reduced investors’ appetite. For the T-bills side, a similar trend persists as offers continue to dominate the long end of the curve. Ademola Osuntoki, Treasury Team Lead at Access Bank joins CNBC Africa for more market movements.</p>


Access: Illiquidity, low bond appetite fuel quiet run


<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="820" height="469" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/07/DALL·E-2024-07-04-09.58.06-A-modern-power-utility-facility-in-Africa.-The-scene-includes-a-large-power-plant-with-solar-panels-and-wind-turbines-in-the-foreground.-The-facility--820x469.webp" alt="" class="wp-image-503774" style="width:840px;height:auto" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/07/DALL·E-2024-07-04-09.58.06-A-modern-power-utility-facility-in-Africa.-The-scene-includes-a-large-power-plant-with-solar-panels-and-wind-turbines-in-the-foreground.-The-facility--820x469.webp 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/DALL·E-2024-07-04-09.58.06-A-modern-power-utility-facility-in-Africa.-The-scene-includes-a-large-power-plant-with-solar-panels-and-wind-turbines-in-the-foreground.-The-facility--300x171.webp 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/DALL·E-2024-07-04-09.58.06-A-modern-power-utility-facility-in-Africa.-The-scene-includes-a-large-power-plant-with-solar-panels-and-wind-turbines-in-the-foreground.-The-facility--158x90.webp 158w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/DALL·E-2024-07-04-09.58.06-A-modern-power-utility-facility-in-Africa.-The-scene-includes-a-large-power-plant-with-solar-panels-and-wind-turbines-in-the-foreground.-The-facility--768x439.webp 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/DALL·E-2024-07-04-09.58.06-A-modern-power-utility-facility-in-Africa.-The-scene-includes-a-large-power-plant-with-solar-panels-and-wind-turbines-in-the-foreground.-The-facility--1536x878.webp 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/DALL·E-2024-07-04-09.58.06-A-modern-power-utility-facility-in-Africa.-The-scene-includes-a-large-power-plant-with-solar-panels-and-wind-turbines-in-the-foreground.-The-facility-.webp 1792w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption"><em>Representation of a modern power utility. Image by DAL-E. For illustration purposes only</em>.</figcaption></figure>



<h2 class="wp-block-heading">Global Markets</h2>



<p>Asian stocks achieved their highest levels in 27 months due to softer U.S. economic data, which raised the likelihood of a rate cut in September. This development boosted bonds and commodities while weakening the dollar.</p>



<h2 class="wp-block-heading">World Oil Prices</h2>



<p>Oil prices declined in Asia amid investor caution regarding expectations of lower demand, as U.S. employment and business data came in weaker than anticipated—indicating a potential cooling in the world&#8217;s top oil-consuming economy.</p>



<h2 class="wp-block-heading">Country-Specific Updates:</h2>



<ul class="wp-block-list">
<li>South Africa: South African assets saw gains on Wednesday, fueled by optimistic comments from the Federal Reserve chair regarding upcoming U.S. interest rate cuts.</li>



<li>Kenya: The Kenyan shilling slightly firmed on Wednesday, supported by hard currency inflows from tea exporters and diaspora remittances despite ongoing nationwide protests.</li>



<li>Niger: Niger&#8217;s junta has agreed to talks with Benin&#8217;s government, aimed at restoring relations following a 2022 coup which led to border closures and a shutdown of a China-backed oil pipeline.</li>



<li>Congo: The International Monetary Fund (IMF) concluded a sixth and final review of Congo&#8217;s loan program, allowing an immediate disbursement of approximately $224.7 million.</li>
</ul>



<h1 class="wp-block-heading" id="h-top-interviews-on-cnbc-africa">Top Interviews on CNBC Africa</h1>



<h2 class="wp-block-heading" id="h-1-the-future-of-south-africa-s-automotive-industry">1. The Future of South Africa&#8217;s Automotive Industry</h2>



<p>Renai Moothilal, CEO of the National Association of Automotive Component and Allied Manufacturers (NAACAM), emphasizes the significance of policy continuity within South Africa&#8217;s automotive industrial policy framework. The government aims to reach 60% localization rate by 2035 while transitioning towards electric vehicles.</p>



<p><a href="https://cnbcafrica.com/media/6356451878112" target="_blank" rel="noreferrer noopener">Watch the full video on CNBC Africa</a></p>



<h2 class="wp-block-heading" id="h-2-eskom-s-recovery-plan-brings-stability">2. Eskom’s Recovery Plan Brings Stability</h2>



<p>Eskom Chairman Mteto Nyati discusses strategies to improve Eskom&#8217;s financial health, including securing 250 billion rand from the National Treasury and reducing reliance on diesel. The long-term vision involves unbundling the utility into three distinct entities and promoting renewable energy.</p>



<p><a href="https://cnbcafrica.com/media/6356446398112" target="_blank" rel="noreferrer noopener">Watch the full video on CNBC Africa</a></p>



<h2 class="wp-block-heading" id="h-3-ramaphosa-appoints-new-leadership-for-agricultural-sector">3. Ramaphosa Appoints New Leadership for Agricultural Sector</h2>



<p>Wandile Sihlobo, Chief Economist of the Agricultural Business Chamber of South Africa, discusses the new multi-party leadership in South Africa’s agriculture and land reform ministries. Highlights include land reform, financial support for farmers, and projected sector growth.</p>



<p><a href="https://cnbcafrica.com/media/6356446665112" target="_blank" rel="noreferrer noopener">Watch the full video on CNBC Africa</a></p>



<h2 class="wp-block-heading" id="h-4-scaling-up-green-housing-solutions-in-east-africa">4. Scaling Up Green Housing Solutions in East Africa</h2>



<p>Shiv Arora, CEO of Superior Homes Kenya, explains the drivers behind the adoption of sustainable building practices in East African real estate. Challenges and strategies for broader implementation of green housing solutions are discussed.</p>



<p><a href="https://cnbcafrica.com/media/6356446525112" target="_blank" rel="noreferrer noopener">Watch the full video on CNBC Africa</a></p>



<h2 class="wp-block-heading" id="h-5-eu-kenya-economic-partnership-agreement-boosts-msmes">5. EU-Kenya Economic Partnership Agreement Boosts MSMEs</h2>



<p>Victor Otieno, Managing Director of Viffa Consult, discusses opportunities and challenges for Kenyan MSMEs under the new Economic Partnership Agreement with the EU, aiming to enhance trade and investment flows sustainably.</p>



<p><a href="https://cnbcafrica.com/media/6356445453112" target="_blank" rel="noreferrer noopener">Watch the full video on CNBC Africa</a></p>



<h2 class="wp-block-heading" id="h-6-economic-crossroads-in-east-africa">6. Economic Crossroads in East Africa</h2>



<p>Pamela Akidi from Stanbic Bank Uganda analyzes economic factors affecting East Africa such as inflation, exchange rates, and market performance, with a focus on Kenya and Uganda.</p>



<p><a href="https://cnbcafrica.com/media/6356444415112" target="_blank" rel="noreferrer noopener">Watch the full video on CNBC Africa</a></p>



<h2 class="wp-block-heading" id="h-7-multinationals-exiting-nigeria-opportunities-for-local-industries">7. Multinationals Exiting Nigeria: Opportunities for Local Industries</h2>



<p>Chika Mordi from United Capital Group discusses the challenges and opportunities for Nigeria’s manufacturing sector following the exit of multinational companies, emphasizing localization and cost optimization.</p>



<p><a href="https://cnbcafrica.com/media/6356440442112" target="_blank" rel="noreferrer noopener">Watch the full video on CNBC Africa</a></p>



<h2 class="wp-block-heading" id="h-8-insights-on-access-holdings-rights-issue">8. Insights on Access Holdings’ Rights Issue</h2>



<p>Morounke Olufemi and Roosevelt Ogbonna discuss Access Holdings&#8217; rights issue, part of their 2023-2027 strategic plan, aiming to meet regulatory requirements and deliver value to shareholders.</p>



<p><a href="https://cnbcafrica.com/media/6356431885112" target="_blank" rel="noreferrer noopener">Watch the full video with Morounke Olufemi</a><br><a href="https://cnbcafrica.com/media/6356428921112" target="_blank" rel="noreferrer noopener">Watch the full video with Roosevelt Ogbonna</a></p>



<h2 class="wp-block-heading" id="h-9-vetiva-research-on-inflation-in-nigeria-and-ghana">9. Vetiva Research on Inflation in Nigeria and Ghana</h2>



<p>Ibukun Omoyeni from Vetiva Research provides insights into the potential moderation of inflation in Nigeria and Ghana during H2 2024, highlighting the undervaluation of the naira and the role of external funding.</p>



<p><a href="https://cnbcafrica.com/media/6356428985112" target="_blank" rel="noreferrer noopener">Watch the full video on CNBC Africa</a></p>


DALL·E 2024-07-04 09.58.06 – A modern power utility facility in Africa. The scene includes a large power plant with solar panels and wind turbines in the foreground. The facility

Before the bell: Today’s Business News

<p><iframe loading="lazy" src="https://www.youtube.com/embed/_w4DjPEvhKE" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Traders at UBA expect the lingering quiet market trend to persist due to illiquidity in the system. Meanwhile, the volume of dollars traded at the Nigerian Foreign Exchange Market is up 74 per cent year-on-year to $22.88 billion in the first half of this year. Chuka Nwachukwu, Head of ALM and Balance Sheet Management at UBA joins CNBC Africa for mid-week market movements.</p>


Turnover in NAFEM rises 74% to $22.88bn in H1’24

<p><iframe loading="lazy" src="https://www.youtube.com/embed/dzHVbJpCWO8" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>The Nigerian equities market kicked off the year on a high following a reform-driven 2023 as investors welcomed new fiscal and monetary policies. With new attractions in the fixed-income market thinning out investors&#8217; interest in the equities market, Cordros says it expects a mute performance in the second half of the year. Ope Oluwa, Research Analyst at Cordros, joins CNBC Africa for a review and outlook of the equities market.</p>


Cordros expects mute H2’24 equities performance

<p><iframe loading="lazy" src="https://www.youtube.com/embed/XkKvUYTPX8A" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>In this episode of Startup Caps we explore the world of transport and mobility sector. From ride-hailing apps to e-logistics platforms, tech startups in the transportation sector are transforming the way people and goods get around. But what are the biggest challenges and opportunities in this exciting space?</p>


Startup Caps EP10: Overview of transport tech in Africa


<h1 class="wp-block-heading" id="h-what-you-need-to-know-today">What you need to know today</h1>



<h2 class="wp-block-heading" id="h-absa-pmi-improves-for-second-consecutive-month">ABSA PMI Improves for Second Consecutive Month</h2>



<p>The seasonally adjusted Absa Purchasing Managers&#8217; Index (PMI) showed signs of improvement in June 2024, rising to 45.7 from 43.8 in May. Despite the increase, the index remains below the critical 50-point threshold. Economist Sello Sekele from Absa Group discussed the sector&#8217;s challenges, including declining business activity and subdued demand. Positively, cost pressures have eased thanks to the strong rand and decreasing fuel prices.</p>



<p><a href="https://cnbcafrica.com/media/6356173611112" target="_blank" rel="noreferrer noopener">Watch the full interview with Sello Sekele</a></p>



<h2 class="wp-block-heading" id="h-state-intel-report-evolving-investment-strategies-of-african-institutional-investors">State Intel Report: Evolving Investment Strategies of African Institutional Investors</h2>



<p>Dolapo Omidire, Research Director at State Intel, shared insights from a report highlighting a shift among African institutional investors towards longer-term holding of income-producing assets. The report also noted a surge in ESG-linked financing activities and the significant interest in the hospitality sector in regions like French West Africa.</p>



<p><a href="https://cnbcafrica.com/media/6356167714112" target="_blank" rel="noreferrer noopener">Watch the full discussion with Dolapo Omidire</a></p>



<h2 class="wp-block-heading" id="h-rockefeller-foundation-s-mission-300-initiative">Rockefeller Foundation&#8217;s Mission 300 Initiative</h2>



<p>Rajiv Shah, President of the Rockefeller Foundation, discussed the Mission 300 initiative, aimed at providing electricity to 300 million Africans, with a particular focus on Nigeria. The initiative plans to replace diesel generators with renewable energy sources and expand mini-grid systems to boost energy access in remote areas.</p>



<p><a href="https://cnbcafrica.com/media/6356161701112" target="_blank" rel="noreferrer noopener">Watch Rajiv Shah&#8217;s insights</a></p>



<h2 class="wp-block-heading" id="h-imf-approves-67-million-for-benin">IMF Approves $67 Million for Benin</h2>



<p>The IMF has approved $67 million in funding for Benin, signaling a positive outlook for the country&#8217;s economic stability and growth. Constant Lonkeng Ngouana, IMF Mission Chief to Benin, emphasized the importance of domestic revenue mobilization and subsidy reforms to achieve sustainable growth.</p>



<p><a href="https://cnbcafrica.com/media/6356160545112" target="_blank" rel="noreferrer noopener">Watch the discussion with Constant Lonkeng Ngouana</a></p>



<h2 class="wp-block-heading" id="h-south-africa-s-energy-transition-the-role-of-natural-gas">South Africa&#8217;s Energy Transition: The Role of Natural Gas</h2>



<p>Dele Kuti of Standard Bank discussed South Africa&#8217;s progress towards stabilizing its power grid and highlighted the role of natural gas in the country&#8217;s just energy transition. He emphasized the need for continued investment in renewable energy and efficient energy management to meet growing demand while reducing carbon emissions.</p>



<p><a href="https://cnbcafrica.com/media/6356155734112" target="_blank" rel="noreferrer noopener">Watch the full interview with Dele Kuti</a></p>



<h2 class="wp-block-heading" id="h-president-ghazouani-s-re-election-in-mauritania">President Ghazouani&#8217;s Re-election in Mauritania</h2>



<p>Robert Besseling of Pangea-Risk analyzed the re-election of Mauritania&#8217;s President Ghazouani, noting the likely continuation of policy stability and investment attraction. Key areas of focus include commodities market development and boosting foreign direct investment to address socio-economic challenges.</p>



<p><a href="https://cnbcafrica.com/media/6356151403112" target="_blank" rel="noreferrer noopener">Watch the analysis with Robert Besseling</a></p>



<h2 class="wp-block-heading" id="h-african-tech-vc-funding-trends-and-outlook">African Tech VC Funding: Trends and Outlook</h2>



<p>Despite a 56% drop in funding in the first half of 2024, experts remain optimistic about African tech startups. Oswald Guobadia and Raj Kulsaingham discussed the need for tailored funding models, diversification in sectors like climate tech, and the role of local investors in supporting innovation.</p>



<p><a href="https://cnbcafrica.com/media/6356149707112" target="_blank" rel="noreferrer noopener">Watch the insights from Oswald Guobadia and Raj Kulsaingham</a></p>



<h2 class="wp-block-heading" id="h-ramaphosa-names-government-of-national-unity-cabinet">Ramaphosa Names Government of National Unity Cabinet</h2>



<p>South Africa&#8217;s President Ramaphosa has announced a new, larger cabinet as part of the Government of National Unity. Louw Nel of Oxford Economics examined the strategic decisions behind key appointments and their potential impact on policy stability and future electoral outcomes.</p>



<p><a href="https://cnbcafrica.com/media/6356146914112" target="_blank" rel="noreferrer noopener">Watch the briefing with Louw Nel</a></p>



<h2 class="wp-block-heading" id="h-rainbow-chicken-s-jse-main-board-listing">Rainbow Chicken&#8217;s JSE Main Board Listing</h2>



<p>Rainbow Chicken&#8217;s stock has surged nearly 30% following its listing on the JSE main board. Managing Director Marthinus Stander discussed the company&#8217;s strategies for maintaining profitability and competitiveness amidst sector challenges.</p>



<p><a href="https://cnbcafrica.com/media/6356146714112" target="_blank" rel="noreferrer noopener">Watch Marthinus Stander&#8217;s insights</a></p>



<h2 class="wp-block-heading" id="h-south-africa-s-business-reaction-to-new-gnu-cabinet">South Africa&#8217;s Business Reaction to New GNU Cabinet</h2>



<p>Business leaders Mtho Xulu (SACCI) and Cas Coovadia (BUSA) shared their perspectives on South Africa&#8217;s new GNU cabinet. They emphasized the need for unity, effective governance, and collaboration between the private sector and the government to drive economic growth and address socio-economic challenges.</p>



<p><a href="https://cnbcafrica.com/media/6356147776112" target="_blank" rel="noreferrer noopener">Watch the full discussion with Mtho Xulu and Cas Coovadia</a></p>



<h2 class="wp-block-heading" id="h-india-expands-search-for-critical-minerals">India Expands Search for Critical Minerals</h2>



<p>India is actively engaging in discussions with countries in Africa and Latin America to secure critical mineral blocks on a government-to-government basis. Veena Kumari Dermal, joint secretary of the Ministry of Mines, highlighted this at an industry event. These talks are also extending to Australia with the aim of securing lithium blocks. Indian state-owned firm Khanij Bidesh India Ltd (KABIL) has already set up operations in Argentina and signed a $24 million lithium exploration pact for five blocks in January. </p>



<h2 class="wp-block-heading" id="h-south-african-markets-update">South African Markets Update</h2>



<p>On Monday, South African assets gave up some of their initial gains following the formation of a new cabinet by President Cyril Ramaphosa. Specifically, the Top-40 index on the Johannesburg Stock Exchange closed around 0.2% weaker, while the country&#8217;s benchmark 2030 government bond yield fell by 3 basis points to 9.955%. The government is also planning to hold its weekly auction of long-term bonds. </p>



<h2 class="wp-block-heading" id="h-african-markets-key-developments">African Markets&#8217; Key Developments</h2>



<p>Multiple factors are currently affecting African markets. In Kenya, activists have scheduled another week of anti-government protests, compelling President William Ruto to reconsider his unpopular tax hikes. The Kenyan shilling remains steady but under pressure due to increased demand for hard currency by importers and manufacturers. In Somalia and Ethiopia, Turkey is mediating discussions over a port deal signed with the Somaliland region. Meanwhile, the International Monetary Fund has revised its 2024 growth forecast for Ghana upwards due to improved economic stability. In the Democratic Republic of Congo, the state miner Gecamines has declined to approve the sale of Chemaf SA&#8217;s cobalt assets to Norin Mining. Lastly, Nigeria&#8217;s Dangote oil refinery is increasing gasoil exports, impacting European refiners. </p>


South African Rand coins are seen in this illustration picture

Daily Open: ABSA PMI’s Positive Streak Amid Persistent Challenges, GNU Cabinet Announced

<p><iframe loading="lazy" src="https://www.youtube.com/embed/LWiMNdDXTAY" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Data from the Nigerian exchange shows total transactions on the local bourse hit 2.35 trillion at the end of May. This shows a 115.4 per cent increase compared to the first five months of 2023. Meanwhile, analysts at Sterling Asset Management and Trustees say strategic positioning of investors on fundamentally sound stocks for dividend income and capital gains remains one of the drivers of the market. Patrick Ejumedia, Head of Research at Sterling Asset Management and Trustees joins CNBC Africa for the first half year performance of the equities market and the outlook for the rest of the year.</p>


CNBC Africa

Focus On: AfDB Governors approve $117bn General Callable Capital increase

UBA: Money market rates remain elevated on suppressed liquidity

Startup Caps EP11: Big data & analytics investing in Africa

Ed-Tech Conference 2024: Delivering the future of learning: Innovating for resilience & inclusion

DMO conducts ₦166bn T-bills auction

How market correction may drive equities pull back in H2’24

EdTech Monday: Scaling impact for education transformation

Afreximbank’s Oramah seeks more strategic relations between Africa and Switzerland

Game Changers: Artonomics

UBA: Profit taking to persist on tight liquidity

Access: Illiquidity, low bond appetite fuel quiet run

Before the bell: Today’s Business News

Turnover in NAFEM rises 74% to $22.88bn in H1’24

Cordros expects mute H2’24 equities performance

Startup Caps EP10: Overview of transport tech in Africa

Daily Open: ABSA PMI’s Positive Streak Amid Persistent Challenges, GNU Cabinet Announced

Will Nigeria’s equities sustain rebound in H2’24?

News Tips

Advertise With Us

CNBC Africa

Focus On: AfDB Governors approve $117bn General Callable Capital increase

UBA: Money market rates remain elevated on suppressed liquidity

Startup Caps EP11: Big data & analytics investing in Africa

Ed-Tech Conference 2024: Delivering the future of learning: Innovating for resilience & inclusion

DMO conducts ₦166bn T-bills auction

How market correction may drive equities pull back in H2’24

EdTech Monday: Scaling impact for education transformation

Afreximbank’s Oramah seeks more strategic relations between Africa and Switzerland

Game Changers: Artonomics

UBA: Profit taking to persist on tight liquidity

Access: Illiquidity, low bond appetite fuel quiet run

Before the bell: Today’s Business News

Turnover in NAFEM rises 74% to $22.88bn in H1’24

Cordros expects mute H2’24 equities performance

Startup Caps EP10: Overview of transport tech in Africa

Daily Open: ABSA PMI’s Positive Streak Amid Persistent Challenges, GNU Cabinet Announced

Will Nigeria’s equities sustain rebound in H2’24?

News Tips

Advertise With Us

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