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<p>Kumba Iron Ore’s Earnings Before Interest, Taxes, Depreciation, and Amortization  saw a 155per cent jump year-on-year, for the six months ended June. The record earnings have been largely supported by global demand for metals and minerals and high prices. Themba Mkwanazi, CEO at Kumba Iron Ore joins CNBC Africa for more.</p>


Kumba delivers record first half performance

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<p>When the Covid-19 pandemic hit, majority of African countries were quick to respond to mitigate the impact. However, these responses have come at the expense of recovery. Now countries in Africa face fiscal vulnerabilities. What will it take to recover? CNBC Africa filed this report.</p>


COVID-19: How Africa can chart the path to recovery

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<p>The Central Bank of Nigeria plans to begin the pilot phase of the digital currency initiative on the first of October. Tagged &#8220;GIANT&#8221; the digital currency will use the Hyperledger Fabric Blockchain. Hakeem Disu, CEO of KOINWA joins CNBC Africa for more.</p>


Nigeria’s planned digital currency: Who benefits?

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<p>Nigeria’s Central Bank Governor, Godwin Emefiele is expected to brief journalists later today, about the deliberations and outcome of the 280th Monetary Policy Committee meeting. Dipo Ajayi, Head of Fixed income and FX at joins CNBC Africa to share expectations from the meeting.</p>


What will influence Nigeria’s 4th MPC meeting of 2021?

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<p>Government has reached a deal with a majority of public sector employees after 3 months of negotiations, but some unions have not signed the new wage deal. Among those  is the National Education, Health and Allied Workers Union (Nehawu). CNBC Africa spoke to Zola Saphetha, General Secretary of Nehawu for more.</p>


Nehawu’s Saphetha explains why they are rejecting govt’s new wage deal

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<p>In his address on Sunday, South Africa&#8217;s President Cyril Ramaphosa gave detail of a rather substantial social relief package to address the effects of the Covid-19 pandemic and the recent unrest. Among these interventions is the resumption of the R350 social relief grant until March next year, and the COVID-19 TERS scheme would be extended for those sectors which were affected by Alert Level 4.The question is, where is this money coming from and someone who may have done the math is  Annabel Bishop, Chief Economist at Investec.</p>


Ramaphosa unveils social and economic relief measures in wake of riots

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<p>Manufacturing value chains are highly vulnerable to global supply-chain disruptions and external shocks. In the wake of the pandemic, Kenyan manufacturers are facing liquidity challenges, reduced demand, depressed production capacity, cash flow constraints, logistics challenges to name just a few. Mucai Kunyiha, Chairman of Kenya Association of Manufacturers joins  CNBC Africa for more.</p>


Kenyan manufacturers in uproar over new taxes

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<p>The Government of Rwanda announced plans to streamline policies and introducing incentives to aid its elaborate plan to increase the uptake of Technical and Vocational Education and Training courses. More over, it has allocated about Rwf7.1 billion for Technical and Vocational Education and Training in the current fiscal year (2021/2022), a 50 per cent increase from the previous year  as it moves to address the shortage of these practical training materials. James Gashumba, Vice Chancellor at Rwanda Polytechnic joins CNBC Africa for more.</p>


Rwanda allocates $7mn towards consumables to boost hands-on skills

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<p>Anglo American Platinum&#8217;s half year earnings surged 572 per cent surged, thanks to higher metal prices and increased output.The miner paid a record dividend, consisting of both a base dividend and a special dividend. Joining CNBC Africa to unpack the results for the six months ended June is Natascha Viljoen, CEO  at Anglo American Platinum.</p>


Anglo American Platinum H1 earnings surge on higher metal prices

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<p>The province of KwaZulu-Natal is known for its robust tourism sector. In 2020, Covid-19 dealt a blow to the sector; and the challenges have not ended. With KwaZulu-Natal being the epicentre of the unrest we saw two weeks ago, confidence in the industry has been impacted. Phindile Makwakwa, Acting CEO at Tourism KwaZulu-Natal joins CNBC Africa for more.</p>


How KwaZulu-Natal plans to bring back tourism hit hard by Covid-19 and violent riots

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<p>Tanzania is currently occupied by many banks with a bunch of them running tiny operations. The latest report by Ernst &amp; Young Tanzania indicates that at least eight banks are in the process of merging as a result. Stanley Bijura, EY Tanzania’s Senior Manager for Strategy and Transaction spoke to CNBC Africa for more.</p>


Ernest & Young: Why Tanzania’s banking sector is ripe for consolidation

Ernst & Young: Why Tanzania’s banking sector is ripe for consolidation

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<p>Convergence Partners have closed their third fund, this will be the first close of their digital infrastructure fund with a size of $120 million. However, the fund is targeting a final size of $250 million. Convergence Partners CEO, Brandon Doyle joins CNBC Africa to discuss the details.</p>


Convergence Partners closes $120mn digital infrastructure fund

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<p>A United Nations backed platform aims to reach 20 million Nigerian youths in 10 years with opportunities that range from education, employment and entrepreneurship. Peter Hawkins, UNICEF Representative for Nigeria joins CNBC Africa for more.</p>


UNICEF takes on Nigeria’s jobs & education challenge with GenU initiative

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<p>28 out of the 121 kidnapped students of the Bethel Baptist High School, Kaduna, have been released. The students were abducted by bandits earlier this month and have spent 20 days in captivity. Also, the trial of the leader of the proscribed Indigenous People of Biafra, Nnamdi Kanu, has resumed today before a Federal High Court in Abuja. Joining CNBC Africa to weigh in on these issues is a security expert and the Managing Director of Hakes and Partners, Hassan Stan-Labo.</p>


Bandits release 28 abducted students in Kaduna

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<p>Renaissance Capital says Nigeria’s agency banking space will follow a unique path quite unlike what has played out elsewhere. With a population of over 200 million people, how will the interplay between Nigeria’s key stakeholders in the financial services space cater to the needs of this growing population? Adesoji Solanke, Director for Frontier, SSA bank and Fintech Research at Renaissance Capital joins CNBC Africa for more.</p>


Renaissance Capital’s Adesoji Solanke on how Nigeria’s agency banking space is evolving

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<p>South Africa has announced a suite of social relief packages for individuals and businesses affected by the Covid-19 lockdowns as well as the recent riots. Joining  CNBC Africa to analyse how effective these measures will be in rebuilding the economy from these shocks is Martin Kingston, Chairman of the B4SA Steering Committee.</p>


B4SA welcomes government intervention to rebuild economy after violent riots

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<p>Liberty Two Degrees interim results are out and the property group has seen an 19per cent hike in net property income compared to the previous year, this despite the marginal shrinking in the office porfolio. The company says its retail portfolio has exceeded tartgets but The office sector remains under pressure. Liberty Two Degrees CEO, Amelia Beattie joins CNBC Africa for more.</p>


covid-19

Kumba delivers record first half performance

COVID-19: How Africa can chart the path to recovery

Nigeria’s planned digital currency: Who benefits?

What will influence Nigeria’s 4th MPC meeting of 2021?

Nehawu’s Saphetha explains why they are rejecting govt’s new wage deal

Ramaphosa unveils social and economic relief measures in wake of riots

Kenyan manufacturers in uproar over new taxes

Rwanda allocates $7mn towards consumables to boost hands-on skills

Anglo American Platinum H1 earnings surge on higher metal prices

How KwaZulu-Natal plans to bring back tourism hit hard by Covid-19 and violent riots

Ernst & Young: Why Tanzania’s banking sector is ripe for consolidation

Convergence Partners closes $120mn digital infrastructure fund

UNICEF takes on Nigeria’s jobs & education challenge with GenU initiative

Bandits release 28 abducted students in Kaduna

Renaissance Capital’s Adesoji Solanke on how Nigeria’s agency banking space is evolving

B4SA welcomes government intervention to rebuild economy after violent riots

Liberty Two Degrees HEPS up 34% y/y

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Advertise With Us

covid-19

Kumba delivers record first half performance

COVID-19: How Africa can chart the path to recovery

Nigeria’s planned digital currency: Who benefits?

What will influence Nigeria’s 4th MPC meeting of 2021?

Nehawu’s Saphetha explains why they are rejecting govt’s new wage deal

Ramaphosa unveils social and economic relief measures in wake of riots

Kenyan manufacturers in uproar over new taxes

Rwanda allocates $7mn towards consumables to boost hands-on skills

Anglo American Platinum H1 earnings surge on higher metal prices

How KwaZulu-Natal plans to bring back tourism hit hard by Covid-19 and violent riots

Ernst & Young: Why Tanzania’s banking sector is ripe for consolidation

Convergence Partners closes $120mn digital infrastructure fund

UNICEF takes on Nigeria’s jobs & education challenge with GenU initiative

Bandits release 28 abducted students in Kaduna

Renaissance Capital’s Adesoji Solanke on how Nigeria’s agency banking space is evolving

B4SA welcomes government intervention to rebuild economy after violent riots

Liberty Two Degrees HEPS up 34% y/y

News Tips

Advertise With Us

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