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<p>Kenyan billionaire and business mogul Chris Kirubi passed on yesterday. Kirubi was the single largest investor in Centum Investment Company PLC whose stock is listed on both the Nairobi Securities Exchange and on the Uganda Securities Exchange. So how have the markets reacted to this news? CNBC Africa is joined by  Investment analyst at Cytonn, Justin Mwangi for more.</p>


Kenyan billionaire Chris Kirubi dies at 80

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<p>As more and more countries in Africa embrace the Continental Free Trade Area Agreement, Rwanda and Ghana seek to explore opportunities in trade, tourism and investments with each other.</p>


Rwanda

Rwanda, Ghana seek to deepen tourism, trade & investment

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<p>Alexander Forbes has reported 4 per cent growth in headline earnings per share for the year ended March. This is from the prior comparable period. The company also reported 29 per cent rise in assets under administration, with assets under management surpassing the R400 billion mark. Joining CNBC Africa to review the numbers is Dawie de Villiers, CEO at Alexander Forbes.</p>


Alexander Forbes eyes acquisitions after insurance sale to Sanlam

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<p>South Africa&#8217;s agricultural sector is having such a good season that confidence in the industry reached a record high in the second quarter of 2021. The Agribusiness Confidence Index reached 75 points in the quarter &#8211; accelerating from 64 points in the first quarter. Joining CNBC Africa to unpack the figures is Wandile Sihlobo, Chief Economist at the Agricultural Business Chamber of South Africa.</p>


SA’s agribusiness confidence reaches record high in second quarter

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<p>Kenya could spend up to Ksh1.17 trillion on debt servicing in the new financial year though the treasury cabinet secretary Ukur Yatani painted a rather conservative picture when it comes to debt financing, for more CNBC Africa spoke with Churchill Ogutu, Head of Research at Genghis Capital.</p>


Kenya’s new budget to cater for debt

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<p>East African countries yesterday presented their respective FY2021/22 budgets and S&#038;P Global Ratings affirmed Uganda’s B/B foreign and local currency long- and short-term sovereign credit ratings. Ridle Markus, Africa Strategist for Absa Corporate &#038; Investment Banking joins CNBC Africa for more.</p>


S&P Global affirms Uganda’s B/B foreign and local currency

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<p>The G7 Summit in Cornwall, UK came to a close yesterday. President Ramaphosa answered questions about the outcome of this summit at a media briefing, speaking about the vaccine commitments, vaccine inequalities, vaccine support and economic challenges many African countries face. CNBC Africa spoke to Professor Mosa Moshabela, Chairperson: Standing Committee on Health Academy of Science of South Africa for more.</p>


G7 leaders pledge billion COVID-19 vaccines to poor countries

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<p>The recent report released by the African Airlines Association paints a grim picture for African airlines. The biggest question remains whether African carriers can survive another pandemic year. The Association’s Secretary General, Berthe Abderahmane joins CNBC Africa for more.</p>


Can African airlines survive another pandemic year?

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<p>Last week, East African countries of Uganda, Kenya and Tanzania presented their budgets for the next fiscal year. Uganda plans to place a heavy focus on agriculture industrialization to lift the economy.</p>


How Uganda plans to finance its agro-industrialization agenda

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<p>The Foschini Group has reported an 80.8per cent slump in headline earnings per share for the year ended March. This is from the prior comparable period. The retailer swung to an operational loss, hurt by Covid-19 lockdowns &#8211; with its United Kingdom business being hit the hardest. CNBC Africa&#8217;s Zinathi Gquma spoke with TFG CEO, Anthony Thunstrom to review the numbers.</p>


TFG sees decline in headline earnings on COVID-19 impact

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<p>This week, we saw the price of bitcoin jumping above $37 000  &#8211; with the announcement that Central American country El Salvador passed a law to adopt the cryptocurrency as a legal tender. This is amid the crackdown on cryptocurrencies that we have seen in China in recent weeks, and also discouraging tweets from Tesla CEO Elon Musk. Tone Vays, Blockchain and Bitcoin Analyst joins CNBC Africa for more.</p>


El Salvador passes law to adopt bitcoin as legal tender

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<p>Researchers have estimated that close to $80 billion is needed a year for conservation efforts, but what does it take to not only raise this money but put into practice, CNBC Africa spoke with the Manager of  WWF Nedbank Green Trust, Augustine Morkel for more.</p>


WWF Nedbank Green Trust on finding innovative ways to fund conservation

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<p>More countries are considering blockchain technology after the developments in El Salvador where bitcoin has been made a legal tender, so what&#8217;s next for Africa&#8217;s blockchain industry or will the continent be playing catch up? Noellar Kappa, Blockchain Consultant and  joins CNBC Africa for more.</p>


What next for Africa’s blockchain industry?

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<p>An initiative of the Development Finance Institutions of the G7 nations, plans to raise $15 billion dollars by the end of 2022 for gender-lens investment after surpassing its original target by 100 per cent. The initiative called the 2X Challenge, aims to channel more capital towards investments that empower women in developing countries. Jen Braswell, Director of Value Creation at the CDC and the Co-chair of the 2x Steering Committee joins CNBC Africa for more.</p>


Gender finance initiative sets $15bn target to empower women

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<p>Nigeria&#8217;s Access Bank Group formally launches operations in South Africa next week, seeking a share of growing trade flows between Africa&#8217;s regions after the launch of the African Continental Free Trade Area. CNBC Africa&#8217;s Godfrey Mutizwa spoke to the Group Managing Director, Herbert Wigwe about the opportunities the bank sees.</p>


Access Bank CEO sees growth opportunities in SA’s underserved banking market

Access Bank MD sees growth opportunities in SA’s underserved banking market

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<p>On Saturday, Nigerians will celebrate Democracy Day on the 12th of June, which is a symbolically important date in Nigeria&#8217;s political history for the annulment of the general elections held on June 12, 1993. So how can the government and stakeholders better consolidate the gains of democracy? Kyari Bukar, Former Chairman of the Nigerian Economic Summit Group joins  CNBC Africa for more.</p>


June 12: How can Nigeria better consolidate the gains of democracy

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<p>68 per cent of CEOs in Africa believe global economic growth will improve in 2021.</p>


Reuters

Kenyan billionaire Chris Kirubi dies at 80

Rwanda, Ghana seek to deepen tourism, trade & investment

Alexander Forbes eyes acquisitions after insurance sale to Sanlam

SA’s agribusiness confidence reaches record high in second quarter

Kenya’s new budget to cater for debt

S&P Global affirms Uganda’s B/B foreign and local currency

G7 leaders pledge billion COVID-19 vaccines to poor countries

Can African airlines survive another pandemic year?

How Uganda plans to finance its agro-industrialization agenda

TFG sees decline in headline earnings on COVID-19 impact

El Salvador passes law to adopt bitcoin as legal tender

WWF Nedbank Green Trust on finding innovative ways to fund conservation

What next for Africa’s blockchain industry?

Gender finance initiative sets $15bn target to empower women

Access Bank MD sees growth opportunities in SA’s underserved banking market

June 12: How can Nigeria better consolidate the gains of democracy

Survey finds majority of CEOs in Africa hopeful on economic outlook

News Tips

Advertise With Us

Reuters

Kenyan billionaire Chris Kirubi dies at 80

Rwanda, Ghana seek to deepen tourism, trade & investment

Alexander Forbes eyes acquisitions after insurance sale to Sanlam

SA’s agribusiness confidence reaches record high in second quarter

Kenya’s new budget to cater for debt

S&P Global affirms Uganda’s B/B foreign and local currency

G7 leaders pledge billion COVID-19 vaccines to poor countries

Can African airlines survive another pandemic year?

How Uganda plans to finance its agro-industrialization agenda

TFG sees decline in headline earnings on COVID-19 impact

El Salvador passes law to adopt bitcoin as legal tender

WWF Nedbank Green Trust on finding innovative ways to fund conservation

What next for Africa’s blockchain industry?

Gender finance initiative sets $15bn target to empower women

Access Bank MD sees growth opportunities in SA’s underserved banking market

June 12: How can Nigeria better consolidate the gains of democracy

Survey finds majority of CEOs in Africa hopeful on economic outlook

News Tips

Advertise With Us

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