latest

CNBC Africa is joined by Aluwani Museisi, Country Chair of Shell Downstream South Africa for a look at the national budget presentation through the lens of the energy sector and the supporting landscape.

Budget 2025: Understanding South Africa’s energy landscape

The Alliance for Africa Multilateral Development Institutions are rooting for a more harmonized approach towards deepening investments in the continent through value chain financing. 

Shelter Afrique forges new partnerships at AU

Kenya’s financial landscape is up for a shake-up with a new credit specific scoring model set to improve credit access to over five million borrowers who are not captured in the credit eco-system. 

New credit scoring model offers lifeline for Kenya’s invisible borrowers

North and east Africa’s economic stability is tinkering on a thin line with tensions emerging in Sudan that could impact the continent if it goes unresolved. 

Sudan crisis needs to deescalate for regional stability

Kumba Iron Ore reported a fall in headline earnings per share. The group said the 2024 financial performance reflected its decision to reconfigure its business to a lower production profile.

Kumba Iron Ore FY revenue slumps 21%

US Treasuries slipped as traders sought further guidance on the path of US interest rates following economic reports last week that muddied their assessment of price pressures. 

Global trade war on the cards? Hedging out the risk

Masdar has committed to invest in sub-Saharan African countries to develop 10 gigawatts of installed renewable energy capacity, reaffirming its commitment to support the continent’s electrification and energy transition. 

Masdar to invest $10bn in renewable energies in Africa by 2030

The growing demand for basic commodities has piled pressure on the rice crop within the East African region as imports from Asia hit a whopping $800 million. 

Commodity prices soar as demand picks up across East Africa

Nigeria’s rebased headline inflation fell to 24.48 per cent year-on-year in January 2025. Data by the National Bureau of Statistics shows that urban inflation stood at 26.09 per cent while rural inflation came to 22.15 per cent. 

Nigeria's rebased January inflation drops to 24.48% 

The Monetary Policy Committee of the Central Bank of Nigeria will hold its first meeting of the year this week. 

Naira strengthens ahead of MPC meeting 

A report from McKinsey shows that fintech funding in Africa fell by 37 per cent from 2022 to 2023, and a further 51 per cent in the first half of 2024, driven by declining equity funding. 

Will AI tip the scale for African fintech funding?

Crowdfunding is no longer just an option for small-scale charity drives or creative Projects, it has become a legitimate, regulated avenue for business financing. 

LATEST