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<p>A U.K court today granted the Federal Government of Nigeria a leave to appeal against the award and enforcement of the $9.6 billion judgement awarded to Process and Industrial Developments (P&#038;ID) to seize N9.6 billion worth of Foreign Nigerian assets. To discuss this story and for a focus on Nigeria’s equities market, Johnson Chukwu, CEO of Cowry Assets joins CNBC Africa for more.</p>


U.K court grants Nigeria leave to appeal in $9.6bn P&ID judgement

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<p>A U.K court will today announce its ruling on the case of a failed gas project between Nigeria and Process and Industrial Development (P&#038;ID). A ruling in favour of P&#038;ID could empower the company to seize Nigerian foreign assets to the tune of $9.6 billion. To discuss what the implication of such verdict could mean for Nigeria’s economy are Muda Yusuf, Director General of the Lagos Chamber of Commerce and Industry and Kayode Akindele , Partner at TIA Capital both join CNBC Africa for more.</p>


UK court to lay down final verdict on $9.6bn P&ID case for Nigeria

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<p>The news of the collapse of UK based global travel firm, Thomas Cook has shaken the travel industry, left thousands of staff and suppliers unsure of what the future will bring and over 100,000 travellers stranded, due to be returned home on Government rescue. As East Africa&#8217;s travel and tourism industry continues to experience robust growth – to share with us what she thinks tour operators, airlines and the industry at large can gain from this harrowing lesson, Head of African Expansion for Wakanow.com, Fifi Rurangwa joins CNBC Africa for more.</p>


What can Africa’s travel and tourism industry learn from the collapse of Thomas Cook?

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<p>Come Thursday the 26th of September, a UK court will rule on Nigeria&#8217;s efforts to fight an earlier arbitration award that threatens about $9.6 billion worth of Nigeria&#8217;s international assets. To discuss what to expect, Sam Chidoka, MD and CEO of Kairos Capital joins CNBC Africa for more.</p>


UK court to lay down final verdict on Nigeria’s P&ID case on Thursday

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<p>UK Independent Think Tank; the Overseas Development Institute says at least 430 million people are predicted to be living in extreme poverty by 2030, an increase of 7.5 per cent on previous projections. To share some insights from their new report, Head of Development Strategy at Overseas Development Institute, Jesse Griffiths joins CNBC Africa for more.</p>


ODI predicts 430mn people will live in extreme poverty by 2030

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<p>The United Kingdom will get a new prime minister, whose tenure at number 10 is most likely to be defined by the same thing that defined that of their predecessor- Brexit.</p>


Boris Johnson or Jeremy Hunt: who will emerge as UK PM?

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<p>Members of Parliament of the United Kingdom will vote on Theresa May&#8217;s Brexit deal later today after she secured some legally binding changes to the deal following last-ditch talks with the European Union in Strasbourg. But will the deadlock finally be broken this week? And are there any implications of the deal for Nigeria? Adim Okwesa, Associate Analyst at FDC joins CNBC Africa for this discussion.</p>


British MPs to vote on May’s Brexit deal today

<p>CAPE TOWN (Reuters) &#8211; Britain will use its international aid budget to boost its national interest and deepen trade ties with Africa, Prime Minister Theresa May will tell an audience in South Africa on Tuesday.</p>
<p>May, battling to unite her divided party over her plan to take Britain out of the European Union, will also visit Nigeria and Kenya as part of a three-day visit to Africa alongside a group of business delegates.</p>
<p>She is expected to recommit to maintaining the overall British aid budget at 0.7 percent of economic output but will add that she will be “unashamed” to use it in a way that helps Britain.</p>
<p>The target has previously come under fire from many of May’s own lawmakers who say it is a blunt tool that is too high and should be spent elsewhere or in Britain itself.</p>
<p>May will say she wants Britain to become the biggest investor in Africa out of the countries in the Group of Seven nations, overtaking the United States, by using the aid budget to help British private sector companies invest on the continent.</p>
<p>“I am unashamed about the need to ensure that our aid programme works for the UK,” May will say in her speech, according to extracts released by her office.</p>
<p>“Today I am committing that our development spending will not only combat extreme poverty, but at the same time tackle global challenges and support our own national interest. This will ensure that our investment in aid benefits us all, and is fully aligned with our wider national security priorities.”</p>
<p>Writing by Kate Holton; editing by Michael Holden</p>


May in South Africa to discuss Britain’s plans to boost trade in Africa, what you need to know…

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<p>Yofi Grant, CEO Ghana Investment Promotion Center joins CNBC Africa from Accra to discuss the country&#8217;s investment space in 2018.</p>


Investors have confidence in Ghana’s economy – GIPC CEO

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<p>Laure Beaufils, Deputy British High Commissioner to Nigeria joins CNBC Africa from the floor of the Nigerian Stock Exchange to discuss how the relationship between Nigeria and the United Kingdom can be improved.</p>


UK, Nigeria to improve trade relations

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<p>The United Kingdom&#8217;s most senior ambassador for the financial and professional services sector is in Johannesburg this week to strengthen ties between South Africa and the UK. CNBC Africa is joined by Lord Mayor of London, Andrew Palmley for more.</p>


Lord Mayor of London Andrew Palmley on strengthening UK-SA trade relations

<p>Britain said it will maintain duty-free access to its markets once it has left the European Union for goods from nearly 50 developing countries including Bangladesh, Sierra Leone and Haiti.</p>
<p>The government said around 48 countries would continue to benefit from tariff-free exports on all goods other than arms and ammunition to the UK and that once it had left the EU in 2019 it would explore options to expand trade relations further.</p>
<p>&#8220;Our departure from the EU is an opportunity to step up to our commitments to the rest of the world, not step away from them,&#8221; International Trade Secretary Liam Fox said in a statement.</p>
<p>&#8220;Free and fair trade has been the greatest liberator of the world&#8217;s poor, and today&#8217;s announcement shows our commitment to helping developing countries grow their economies and reduce poverty through trade.&#8221;</p>
<p>Britain embarked on its negotiations to leave the EU earlier this week, agreeing to deal first with EU priorities such as a possible &#8220;Brexit bill&#8221; before discussing future trade deals with the bloc.</p>
<p>According to the government, around 20 billion pounds a year of goods were shipped to Britain from these developing countries, accounting for around half of its clothing, a quarter of its coffee and other goods such as cocoa, bananas and roses.</p>
<p>(Reporting by Kate Holton; editing by John Stonestreet)</p>


United Kingdom

U.K court grants Nigeria leave to appeal in $9.6bn P&ID judgement

UK court to lay down final verdict on $9.6bn P&ID case for Nigeria

What can Africa’s travel and tourism industry learn from the collapse of Thomas Cook?

UK court to lay down final verdict on Nigeria’s P&ID case on Thursday

ODI predicts 430mn people will live in extreme poverty by 2030

Boris Johnson or Jeremy Hunt: who will emerge as UK PM?

British MPs to vote on May’s Brexit deal today

May in South Africa to discuss Britain’s plans to boost trade in Africa, what you need to know…

Investors have confidence in Ghana’s economy – GIPC CEO

UK, Nigeria to improve trade relations

Lord Mayor of London Andrew Palmley on strengthening UK-SA trade relations

UK to maintain duty-free access for developing countries after Brexit

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United Kingdom

U.K court grants Nigeria leave to appeal in $9.6bn P&ID judgement

UK court to lay down final verdict on $9.6bn P&ID case for Nigeria

What can Africa’s travel and tourism industry learn from the collapse of Thomas Cook?

UK court to lay down final verdict on Nigeria’s P&ID case on Thursday

ODI predicts 430mn people will live in extreme poverty by 2030

Boris Johnson or Jeremy Hunt: who will emerge as UK PM?

British MPs to vote on May’s Brexit deal today

May in South Africa to discuss Britain’s plans to boost trade in Africa, what you need to know…

Investors have confidence in Ghana’s economy – GIPC CEO

UK, Nigeria to improve trade relations

Lord Mayor of London Andrew Palmley on strengthening UK-SA trade relations

UK to maintain duty-free access for developing countries after Brexit

News Tips

Advertise With Us

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