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<p>French President Emmanuel Macron will today host several African leaders and heads of global financial institutions in a summit that seeks to provide needed funds for Africa’s post-pandemic recovery. Meanwhile, Nigeria’s headline inflation slipped marginally from 18.17 per cent in March to 18.12 per cent in April according to the National Bureau of Statistics. Dipo Ajayi, Head of Fixed Income and Forex at Chapel Hill Denham joins CNBC Africa for more.</p>


France host African leaders on financing for economic recovery

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<p>In recent weeks, the Nigerian National Petroleum Corporation announced the selection of various firms for two of its main contracts; the Direct sale, Direct Purchase contract and the Crude-for-Fuel Swap Contract. Oyeyemi Oke, Oil and Gas lawyer and a Partner at A02 Law joins CNBC Africa for more.</p>


Nigeria selects firms for key oil contracts

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<p>Vodacom has reported a 3.7 per cent hike in headline earnings for the financial year ended March this year March this year and an 8.3 per cent jump in revenue. The company has seen strong growth from their prepaid and enterprise segments and financial services. They&#8217;ve also seen 7 per cent growth in service revenue in South Africa. Vodacom CEO, Shameel Joosub joins CNBC Africa for more.</p>


Vodacom delivers strong growth

Vodacom delivers strong growth, extends COVID-19 support initiatives

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<p>Rwanda’s economy is expected to rebound to 5.1 per cent in 2021 following a sharp contraction of 3.4 per cent last year due to the Covid-19 pandemic, according to the International Monetary Fund.</p>


Rwanda’s economy expected to rebound to 5.1% in 2021

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<p>Kenya based Danish hair products firm Africanhair PLC, trading as BeautyClick plans to list on the Nairobi Securities Exchange to raise new equity for regional expansion. The company started the process of acquiring requisite regulatory approvals for a listing and further capitalization at the stock market. BeautyClick Founder and Director, Jesper Drescher joins CNBC Africa for more.</p>


Africanhair targets NSE listing to fund expansion

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<p>The first-ever Assistant United States Trade Representative for Africa, Rosa Whitaker has called on the U.S to change its policy approach to the continent.</p>


Whitaker Group CEO on rethinking U.S-Africa relations through trade and development

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<p>Localisation has been highlighted by the South African government as a key policy aim, during the recovery of the economy from Covid-19. In this drive to promote local manufacturing in SA; Intellidex undertook a study on localisation for Business Unity SA and Business Leadership SA. Joining CNBC Africa to discuss the findings is Cas Coovadia, CEO at Business Unity South Africa.</p>


Business Unity South Africa CEO shares his views on localisation

BUSA’s Cas Coovadia on SA’s localisation strategy

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<p>Developers, Calgro M3 have released their year-end results and they have swung to a loss in the year ended February 2021. The company&#8217;s revenue has also dropped by 10.7 per cent but the group still believes it is well positioned with sufficient capital and liquidity to return to activity levels last seen five years ago. Calgro M3 CEO, Wikus Lategaan joins CNBC Africa for more.</p>


Calgro M3 swings to FY loss

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<p>Astral Foods has reported a 37 per cent drop in headline earnings per share and a 7 per cent increase in revenue. Inspite of this operating profit also dropped by 37 per cent and the company says this is because poultry price increases were not sufficient to cover the increases in feed and other production-related costs. Astral Foods CEO, Chris Schutte joins CNBC Africa for more.</p>


Rising input costs weigh on Astral’s earnings

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<p>Kenya&#8217;s horticulture export earnings rose to about $1.4 billion in 2020 despite the adverse effects of the Covid-19 pandemic. What were the drivers behind this performance? The CEO of the Kenya Flower Council, Clement Tulezi, joins CNBC Africa for more.</p>


Kenya’s horticulture exports rise to $1.4bn in 2020

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<p>Cogebanque PLC recorded a 19 per cent growth on its balance sheet as of December 31st, 2020. The bank has also gone through some changes. CNBC Africa spoke to the new CEO, Guillaume Habarugira, on his plans for the bank.</p>


Cogebanque’s new CEO discusses COVID-19 impact on earnings

Cogebanque’s new CEO discusses COVID-19 impact on earnings, plans for future

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<p>The IMF has predicted that economies in sub-Saharan Africa will grow at a 3.4 per cent rate in 2021 but what sectors will be behind this bounce back? Paul Ansah, Senior vice-President at Albright Stonebridge Group joins CNBC Africa for more.</p>


Albright Stonebridge Group: Agriculture

Albright Stonebridge Group: Agriculture, vaccine rollout essential to Africa’s COVID-19 recovery

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<p>Metal workers union, Numsa has returned to the bargaining table with Eskom executives, as they continue with they bid for a wage increase. They are demanding, among other things, a 15 per cent wage increase, a one-year wage agreement and an end to salary disparities. They have also rubbished claims by Eskom on how much the average worker earns. Numsa Spokesperson, Phakamile Hlubi- Majola joins CNBC Africa for more.</p>


Numsa

Numsa, Eskom in second round of talks over salary increases

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<p>Several African and European head of states are set to meet in Paris for the African Finance Summit which kicks off on Tuesday. The summit will feature discussions on external funding and debt treatment for Africa as well as private sector reforms. On the side-lines of the summit, Nigeria’s President Muhammdu Buhari is expected to meet with French President Emmanuel Macron over growing security threats in the Sahel region. Dayo Amzat, Managing Director and CEO of Zedcrest Capital joins CNBC Africa for more.</p>


African leaders set for Paris summit on economic recovery

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<p>The International Monetary Fund says deeper, and more equitable, fiscal effort is needed to address Ghana’s debt vulnerabilities exacerbated by the pandemic.</p>


GHnan

IMF completes 2021 Article IV consultation in Ghana

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<p>Industries in Uganda are reeling from the triple blow of the COVID-19 pandemic, low commodity prices and locust invasion into the country. CNBC Africa spoke with Rwakakamba Morrison, Chairman of Uganda Investment Authority on spurring the investment landscape in the country.</p>


Unpacking Uganda’s investment landscape

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<p>The banking sector was the most active at the Nairobi Securities Exchange when trading closed last week, with shares valued at Ksh 1.8 billion transacted which accounted for 60.96 per cent of the week’s traded value. KCB was the top mover in this sector with 21 million shares and Equity Group Holdings trading a total of 20 million shares during the week. Safaricom Plc dropped its position as the top mover as investors reacted to a decline in the firm&#8217;s net earnings for the 2020/21 financial year. Solomon Kariuki, Investment Analyst at Cytonn joins CNBC Africa for more.</p>


Reuters

France host African leaders on financing for economic recovery

Nigeria selects firms for key oil contracts

Vodacom delivers strong growth, extends COVID-19 support initiatives

Rwanda’s economy expected to rebound to 5.1% in 2021

Africanhair targets NSE listing to fund expansion

Whitaker Group CEO on rethinking U.S-Africa relations through trade and development

BUSA’s Cas Coovadia on SA’s localisation strategy

Calgro M3 swings to FY loss

Rising input costs weigh on Astral’s earnings

Kenya’s horticulture exports rise to $1.4bn in 2020

Cogebanque’s new CEO discusses COVID-19 impact on earnings, plans for future

Albright Stonebridge Group: Agriculture, vaccine rollout essential to Africa’s COVID-19 recovery

Numsa, Eskom in second round of talks over salary increases

African leaders set for Paris summit on economic recovery

IMF completes 2021 Article IV consultation in Ghana

Unpacking Uganda’s investment landscape

Tracking movements shaping Kenya’s market space

News Tips

Advertise With Us

Reuters

France host African leaders on financing for economic recovery

Nigeria selects firms for key oil contracts

Vodacom delivers strong growth, extends COVID-19 support initiatives

Rwanda’s economy expected to rebound to 5.1% in 2021

Africanhair targets NSE listing to fund expansion

Whitaker Group CEO on rethinking U.S-Africa relations through trade and development

BUSA’s Cas Coovadia on SA’s localisation strategy

Calgro M3 swings to FY loss

Rising input costs weigh on Astral’s earnings

Kenya’s horticulture exports rise to $1.4bn in 2020

Cogebanque’s new CEO discusses COVID-19 impact on earnings, plans for future

Albright Stonebridge Group: Agriculture, vaccine rollout essential to Africa’s COVID-19 recovery

Numsa, Eskom in second round of talks over salary increases

African leaders set for Paris summit on economic recovery

IMF completes 2021 Article IV consultation in Ghana

Unpacking Uganda’s investment landscape

Tracking movements shaping Kenya’s market space

News Tips

Advertise With Us

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