<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The African automotive market is valued at $28.4 billion in 2020, and it is expected to reach $39.8 billion by 2026, registering a compound annual growth rate of 5.55 per cent over the forecast period. To tap into these, Uganda is set to localize its automotive industry supply chain. Allan Muhumuza, Director of Marketing and Sales at Kiira Motors Corporation joins CNBC Africa for more.</p>


Uganda plans to localize its automotive industry supply-chain

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Last week on Friday, the government of Rwanda awarded one-to-five-star statuses to 31 tourism and hospitality establishments. This comes at the time the sector has been hit hard by the Covid-19 pandemic. The Chief Tourism Officer at the Rwanda Development Board, Belize Kariza spoke to CNBC Africa’s Julius Bizimungu on how the government plans to facilitate recovery.</p>


How Rwanda plans to facilitate recovery in its hospitality sector

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>A license to operate telecommunication services in Ethiopia has been awarded to a consortium made up of Safaricom, Vodafone, Japan’s Sumitomo and UK finance agency CDC Group.</p>


Global consortium wins telecom license in Ethiopia

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Dischem came out with results today, for the year ended February. The healthcare company reported an 11.8 per cent rise in headline earnings per share. The various restrictions during each level of lockdown dramatically changed shopping behaviour and led to significant online sales growth of 260.7 per cent. The group also embarked on strategic acquisitions during the period. Rui Morais, Chief Financial Officer at Dis-Chem joins CNBC Africa for more.</p>


Dischem FY HEPS rise 11.8%

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>It&#8217;s almost a week since, the historical basketball Africa league kicked off at the Kigali Arena. The landmark sports league is the first NBA sanctioned sports tournament outside north America and is seen as an economic boost for the sport on the continent, CNBC Africa spoke to the President Bal and VP NBA, Amadou Gallo Fall for more.</p>


Basketball Africa League President on what the tournament means for the continent

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Wealth Migrate has scored big with the Category 1 crowdsourcing licence it was awarded by the Financial Services Conduct Authority recently, and the company says this is good news for local investors too.  The licence allows Wealth Migrate to provide its crowd funding offering on an intermediary services basis using shares as a financial product category. Riaan van der Vyver, Chief Investment Officer at Wealth Migrate joins CNBC Africa for more.</p>


FSCA grants Wealth Migrate licence to offer crowdfunding services

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Afrimat has acquired 100 per cent of the Gravenhage manganese mining right and associated assets. This expansion into manganese is a continuation of Afrimat’s bulk commodities growth and diversification strategy. The company says the investment deepens Afrimat’s commitment to supporting the South African economy. Joining CNBC Africa to unpack the deal is Andries van Heerden, CEO at Afrimat.</p>


Afrimat buys Gravenhage manganese mining right

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The international community is once again inviting Sudan to the international scene following commitments by different countries to clear the country’s debts.</p>


Is Sudan ready to chat a new political

Is Sudan ready to chat a new political, economic path?

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The postponement of the Commonwealth Heads of States and Government&#8217;s Meeting which was scheduled for June 21st this year came as a huge blow to players in the private sector who had invested to make the most of opportunities expected. To understand the extent of the impact and the current state of the sector, Theoneste Ntagengerwa, Spokesperson of the Rwanda Private Sector Federation spoke to CNBC Africa for more.</p>


COVID-19: CHOGM postponement deals Rwanda’s service sector a heavy blow

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>South Africa’s Central Bank has kept interests rates on hold, as it continues to support economic recovery. Although the bank expects inflation to be contained this year, it says it stands ready to act, if it goes beyond unwelcome levels. Joining CNBC Africa for that conversation is Nthabiseng Moleko, Development Economist at the University of Stellenbosch Business School and Annabel Bishop, Chief Economist at Investec.</p>


Economists react to SARB’s interest rate decision

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The proposed Finance Bill is asking for the removal of a requirement for the Cabinet Secretary, National Treasury and Planning to table any VAT Regulations to Parliament for approval. Experts point out that if this proposal is passed into law, then National Treasury will be able to come up with new tax measures and implement them without any oversight from the National Assembly, but is this the direction Kenya wants to take? Churchill Ogutu, Head of Research at Genghis Capital joins CNBC Africa for more.</p>


Kenyans in uproar over new tax proposals

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Remittances to Sub-Saharan Africa declined by an estimated 12.5 per cent in 2020 to $42 billion, according to the latest report by the World Bank Group. Nigeria saw the most decline. Dilip Ratha, Lead Economist at the World Bank joins CNBC Africa for more.</p>


COVID-19: SSA sees sharp decline in remittances in 2020

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Nigeria’s much anticipated National Carrier is now set to begin operations in the first quarter of next year. Dele Ore, Chairman of the Board of Trustees of the Aviation Safety Round Table Initiative joins CNBC Africa to discuss the journey to this milestone.</p>


Nigeria’s new National Carrier set for take-off in first quarter of 2022

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The recommendations by a 6-man committee of the National Economic Council have been accepted by the Nigerian Governors’ Forum. The report backs the full deregulation of petrol and suggests that the pump price for PMS could hover around 385 Naira. Uchenna Minnis, Managing Director of Howard Minnis Asset Management joins CNBC Africa to discuss some developing stories that impact the oil market.</p>


Nigerian governors accept full deregulation of petrol

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>While addressing the Financing Africa Summit in Paris, Nigeria’s President Muhammadu Buhari urged donor nations and international development finance institutions to grant debt relief to African countries. Meanwhile Nigeria’s Debt Management Office says the $6.18 billion external capital raising request by the President was already captured in the 2021 appropriation act. Egie Akpata, Director at UCML Capital joins CNBC Africa for more.</p>


Buhari urges debt relief for African countries

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Tiger Brands reported a 21 per cent rise in headline earnings per share as revenue gained 8 per cent. The company noted strong revenue growth in the first quarter of the financial year and said it also clamped down on costs. Tiger Brands CEO, Noel Doyle joins CNBC Africa for more.</p>


Tiger Brands posts 21% increase in earnings

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>MTN South Africa has entered into a $2 million partnership with the World Bank’s International Finance Corporation to expand its mobile money business. Felix Kamenga, Chief Officer for Mobile Financial Services at MTN SA joins CNBC Africa for more.</p>


Reuters

Uganda plans to localize its automotive industry supply-chain

How Rwanda plans to facilitate recovery in its hospitality sector

Global consortium wins telecom license in Ethiopia

Dischem FY HEPS rise 11.8%

Basketball Africa League President on what the tournament means for the continent

FSCA grants Wealth Migrate licence to offer crowdfunding services

Afrimat buys Gravenhage manganese mining right

Is Sudan ready to chat a new political, economic path?

COVID-19: CHOGM postponement deals Rwanda’s service sector a heavy blow

Economists react to SARB’s interest rate decision

Kenyans in uproar over new tax proposals

COVID-19: SSA sees sharp decline in remittances in 2020

Nigeria’s new National Carrier set for take-off in first quarter of 2022

Nigerian governors accept full deregulation of petrol

Buhari urges debt relief for African countries

Tiger Brands posts 21% increase in earnings

MTN SA partners with IFC to expand its mobile money business

News Tips

Advertise With Us

Reuters

Uganda plans to localize its automotive industry supply-chain

How Rwanda plans to facilitate recovery in its hospitality sector

Global consortium wins telecom license in Ethiopia

Dischem FY HEPS rise 11.8%

Basketball Africa League President on what the tournament means for the continent

FSCA grants Wealth Migrate licence to offer crowdfunding services

Afrimat buys Gravenhage manganese mining right

Is Sudan ready to chat a new political, economic path?

COVID-19: CHOGM postponement deals Rwanda’s service sector a heavy blow

Economists react to SARB’s interest rate decision

Kenyans in uproar over new tax proposals

COVID-19: SSA sees sharp decline in remittances in 2020

Nigeria’s new National Carrier set for take-off in first quarter of 2022

Nigerian governors accept full deregulation of petrol

Buhari urges debt relief for African countries

Tiger Brands posts 21% increase in earnings

MTN SA partners with IFC to expand its mobile money business

News Tips

Advertise With Us

Newsletters