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<p>Creative industries have emerged as one of the world´s most dynamic economic sectors, offering vast opportunities for cultural, social and economic development. While the concept of the creative economy is still evolving, the industry&#8217;s potential to shape development agenda goes undoubted.  Njoki Ngumi, Programs and Strategy lead at Heva Fund joins CNBC Africa for more.</p>


How the creative industry is shaping Africa’s development agenda

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<p>I&#038;M Bank Rwanda posted a net profit of $1.6 million in the first quarter of 2021, a 6.3 per cent increase compared to the same quarter last year. Other key growth metrics were positive. The bank’s Chief Executive Officer Robin Bairstow spoke to CNBC Africa’s Julius Bizimungu for more.</p>


I&M Bank Rwanda CEO breaks down the company’s Q1 earnings

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<p>Following the fulfilment of all conditions in respect to Seriti’s acquisition of South32&#8217;s South African Coal Business, today Seriti assumed management of these operations. The entity has been renamed Seriti Power. Seriti says it is confident in its role in keeping the lights on in South Africa. Seriti CEO, Mike Teke joins CNBC Africa for more.</p>


Seriti assumes management of SAEC assets

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<p>RH Bophelo has come out with its financial results for the year ended February 2021. In its trading update, shareholders were advised that the Company expects to report net asset value per share of between R13.06 to R13.76, being an increase of 13 per cent and 19 per cent, compared to prior period R11.56. RH Bophelo CEO, Quinton Zunga joins CNBC Africa for more.</p>


RH Bophelo CEO Quinton Zunga discusses COVID-19 response

RH Bophelo CEO Quinton Zunga discusses COVID-19 response, future plans

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<p>Tanzania has finally joined the East African Community’s One Network Area for lower cross-border call tariffs.</p>


Tanzania joins EAC’s One Network Area for lower cross-border call tariffs

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<p>A new report by the World Trade Organization, points to the need to enhance trade in Africa. The report states that African trade in goods and services has amounted to only 3 per cent of global exports and imports on average. Trade Analyst, Paul Batibonak joins CNBC Africa for more.</p>


Paul Batibonak on how to strengthen trade on the African continent

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<p>FBNQuest Manufacturing Purchasing Managers’ Index for Nigeria showed a decline to 51.1 index points in May from 53 points in April. FBNQuest PMI report notes that the persistent economic challenges have impacted consumer behaviour, hence the fragile consumer demand. Chinwe Egwim, Economist at FBNQuest Merchant Bank joins CNBC Africa for more.</p>


Nigeria’s PMI drops to 51.1 points in May

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<p>President Muhammadu Buhari has charged Nigeria’s security and intelligence agencies to expedite efforts towards the recovery of the 200 children kidnapped from an Islamic school in Niger State. Joining CNBC Africa for more is Onyekachi Adekoya, Managing Director of PR24 Nigeria.</p>


Buhari tasks security outfits to recover 200 kidnapped children

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<p>The Federal Inland Revenue Service, FIRS, has brokered a Memorandum of Understanding that puts an end to a 17-year tax practice rift between members of the Institute of Chartered Accountants of Nigeria, Chartered Institute of Taxation of Nigeria and the Association of the National Accountants of Nigeria. CNBC Africa’s Kenneth Igbomor caught up with the Executive Chairman of the FIRS, Muhammad Mamman Nami for more.</p>


FIRS brokers MoU to resolve 17-year tax rift between ICAN

FIRS brokers MoU to resolve 17-year tax rift between ICAN, CITN & ANAN

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<p>OPEC and its allies will meet in Vienna today, where the alliance is expected to stick to its current plan and agree on an increase in crude output from July.</p>


Brent hits session-peak of $71 as OPEC+ meets

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<p>Pension Fund Investment in the Nigerian equities market dropped by 3.2 per cent in the past four months, this comes as the appetite by PFA&#8217;s for investment in government securities and bank placements increased. Niyi Falade, CEO of Crusader Sterling Pension joins CNBC Africa for more.</p>


Pension funds’ equities investment down by 27bn naira in April

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<p>The quarterly labour force statistics for the first quarter of 2021 are out and the unemployment rate has recorded a slight increase of 0.1 percentage point bringing the overall rate to 32.6 per cent. This is the highest it&#8217;s been in 13 years unemployment according to the expanded definition increased by 0.6 of a percentage point in quarter 1 to 43.2 per cent. Joining CNBC Africa for more is South Africa&#8217;s Statistician-General, Risenga Maluleke.</p>


SA’s unemployment rises to 13-year high

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<p>The ABSA Purchasing Managers&#8217; Index rose to 57.8 points in May, the highest it’s been in 7 months. Absa says four of the five subcomponents remained well above the neutral 50-point mark with only the employment index dipping back into negative terrain. Joining CNBC Africa for more is Miyelani Maluleke, Macroeconomist at ABSA Corporate &#038; Investment Banking.</p>


ABSA May PMI jumps to 7-month high

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<p>The Government of Rwanda last week announced a partnership with Vuba Corp, an American-based company, to build personal rapid transit in Rwanda. The project, expected to complete in 2024, is worth $1.3 billion. Vuba Corp’s Chief Executive Officer, Paul Klahn spoke to CNBC Africa for more.</p>


Vuba Corp to build autonomous pod cars in Rwanda

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<p>Global trade has contributed to growth and poverty reduction in the past three decades, but according to the World Bank, gains from trade can be more inclusive. Jakob Engel, Economist in the Global Trade and Regional Integration Unit of the World Bank joins CNBC Africa on spreading the benefits of trade more widely.</p>


Assessing the distributional impact of trade policies in Africa

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<p>The aviation industry has been one of the most hit by the COVID-19 pandemic with the closure of borders limiting movement. Regional flyer Jambojet is one of those most hit and CNBC Africa spoke with the new Managing Director of Jambojet, Karanja Ndegwa for more.</p>


Jambojet resumes operations as lockdown rules are relaxed

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<p>Energy company Renergen has decreased it headline loss per share by 23 per cent for the year ended February, but the company&#8217;s revenue also dropped by 27 per cent. Renergen says the R700 thousand drop in revenue was due to e COVID-19 lockdown which resulted in its subsidiary, Tetra4 not trading in April and May 2020. Renergen CEO, Stefano Marani joins CNBC Africa for more.</p>


Reuters

How the creative industry is shaping Africa’s development agenda

I&M Bank Rwanda CEO breaks down the company’s Q1 earnings

Seriti assumes management of SAEC assets

RH Bophelo CEO Quinton Zunga discusses COVID-19 response, future plans

Tanzania joins EAC’s One Network Area for lower cross-border call tariffs

Paul Batibonak on how to strengthen trade on the African continent

Nigeria’s PMI drops to 51.1 points in May

Buhari tasks security outfits to recover 200 kidnapped children

FIRS brokers MoU to resolve 17-year tax rift between ICAN, CITN & ANAN

Brent hits session-peak of $71 as OPEC+ meets

Pension funds’ equities investment down by 27bn naira in April

SA’s unemployment rises to 13-year high

ABSA May PMI jumps to 7-month high

Vuba Corp to build autonomous pod cars in Rwanda

Assessing the distributional impact of trade policies in Africa

Jambojet resumes operations as lockdown rules are relaxed

Renergen narrows FY headline loss

News Tips

Advertise With Us

Reuters

How the creative industry is shaping Africa’s development agenda

I&M Bank Rwanda CEO breaks down the company’s Q1 earnings

Seriti assumes management of SAEC assets

RH Bophelo CEO Quinton Zunga discusses COVID-19 response, future plans

Tanzania joins EAC’s One Network Area for lower cross-border call tariffs

Paul Batibonak on how to strengthen trade on the African continent

Nigeria’s PMI drops to 51.1 points in May

Buhari tasks security outfits to recover 200 kidnapped children

FIRS brokers MoU to resolve 17-year tax rift between ICAN, CITN & ANAN

Brent hits session-peak of $71 as OPEC+ meets

Pension funds’ equities investment down by 27bn naira in April

SA’s unemployment rises to 13-year high

ABSA May PMI jumps to 7-month high

Vuba Corp to build autonomous pod cars in Rwanda

Assessing the distributional impact of trade policies in Africa

Jambojet resumes operations as lockdown rules are relaxed

Renergen narrows FY headline loss

News Tips

Advertise With Us

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