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Africa’s trade saw a 6.3 per cent contraction in 2023 driven by the impact of geopolitical crisis. That's according to a report by the Africa Export-Import Bank. 

Africa’s trade contracted by 6.3% in 2023

Ghana’s finance ministry says it plans to present a financial framework that will serve as a buffer when the country resumes payment bilateral debts in 2026. 

Ghana plans financial buffer to aid debt repayment

Moustapha Sow, the Chairman of SF Capital says Africa is at a point where private sector should lead development and investments. 

Sow: Private sector should lead Africa’s development, investment

Hani Salem Sonbol, the Chief Executive Officer at International Islamic Trade Finance Corporation says Africa’s development partners are working towards integrating Africa’s markets due to the growth potential of the continent.

How development partners are driving Africa’s development

Kola Masha, the CEO of Babban Gona, joins CNBC Africa for this discussion and how it impacts Nigeria’s food price index.

FAO Food Price Index up 0.9% in May

Ghana has signed a Memorandum of Understanding with its Official Creditors Committee regarding the debt treatment agreed in January. 

Ghana advances talks with official creditors on debt rework

Data by the Organisation of the Petroleum Exporting Countries shows that crude oil output in Nigeria fell by 30,000 barrels to 1.25 million barrels per day in May. 

Nigeria’s crude output drops to 1.25mbpd in May

Michael McGaughy, Head of Research and a Portfolio Manager at Fusion Wealth Management says financial crisis in emerging markets are typically more idiosyncratic, stressing that a political upheaval is quite another. 

Navigating impact of geopolitical tensions in emerging markets 

Ghana’s gold production rose by 8.3 per cent to four million ounces in 2023, the country’s highest output since the COVID-19 pandemic. How can this be sustained in 2024? 

Can Ghana sustain higher gold output in 2024?

Benjamin Boachie, the Chief Economist at Secondstax, joins CNBC Africa for this discussion.

Will Ghana secure MoU with official creditors in June?

Fidelity Bank and Ecobank joined the list of Nigerian banks that have released plans raise capital, as more banks look to meet the 24-month deadline set by the Central Bank of Nigeria. 

Nigerian bank recapitalization drive picks up momentum 

Nigeria has secured an additional $925 million from the African Export Import Bank. 

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