cbwa

Nassourou Aminu, the Regional Manager for Africa at the Financial Corporation International, believes the adoption of factoring in Africa’s supply chain is months away, stressing that the law on factoring will be a game-changer. 

Africa working on legal framework for factoring

Three oil marketers have asked a Nigerian High Court to dismiss a suit filed by Dangote Petroleum Refinery and Petrochemicals over the issuance of licenses to the marketers for the importation of petroleum products.

Is Nigeria’s petrol pricing globally benchmarked?

Unlike the 30 per cent trading amongst European Union countries. Africa only trades about three per cent, which according to Johnny Hansen, a Credit Committee Member at Africa Global Trade Finance shows the need to integrate further. 

Hansen: Africa needs political will to boost trade integration 

The Lagos State Government is inviting bids from investors, independent power producers and energy solution companies to submit bids for the establishment of 4000MW gas-fired power plants. 

Lagos calls for bids for 4000mw gas-fired plants 

African leaders have sent congratulatory messages to President-elect Donald Trump on winning the U.S. election. Will Africa be a priority for the second Trump administration? Morris Reid, a Partner at Actum LLC, joins CNBC Africa for this discussion.

What Trump victory means for U.S. - Africa engagement

Gwen Mwaba, the Managing Director, Trade Finance and Correspondent Banking at Afreximbank says the bank is looking at financing SMEs differently in Africa in a bid to reduce the high rejection rate of businesses seeking financing. 

Mwaba: Afreximbank financing Africa SMEs differently

Fitch Ratings says Nigeria’s positive outlook in its recent ratings action reflects progress in implementing reforms that improve policy coherence and credibility, and reduce economic distortions among others. 

Fitch: Nigeria’s exchange rate, FX market remain volatile

Ghana’s Finance Minister, Mohammed Amin Adam says that the International Monetary Fund Board is scheduled to meet on the 2nd of December to discuss Ghana’s Third Programme Review. 

Will Ghana meet conditions for IMF third tranche?

Fitch Ratings says Nigeria's large economy, relatively developed and liquid domestic debt market and large oil and gas reserves are major drivers for a B- rating by Fitch. 

Fitch affirms Nigeria at B-, positive outlook  

Data by the National Bureau of Statistics shows that sub-nationals in Nigeria saw a 26 per cent rise in Internally Generated Revenue in 2023, with Lagos, the Federal Capital Territory, and Rivers states recording the highest IGR.

How will Nigeria’s sub-nationals sustain IGR drive?

Nere Emiko, Vice Chairman, Kian Smith Refinery joins CNBC Africa to unpack these developments.

Will gold price sustain new record high?

The Bank of Ghana says it aims to increase the country’s foreign reserves in a bid to prevent further depreciation of the cedi. What policies can help achieve the plans?

CBWA