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Nigerian banks have attributed the increase in its profits to gains from interest income driven by the high-interest rate environment and gains from foreign exchange in flows.

Nigerian banks’ interest income drives FY’24 profits

Jamal El Mellali, a Director, Financial Institutions – Banks at Fitch Ratings joins CNBC Africa to discuss this report.

Fitch: Nigeria’s sovereign ratings may impact upgrade of banks

The military leader of guinea has set the 21st of September as the date for a constitutional referendum in a step to return the country to constitutional democracy. 

Guinea sets September 21st for constitutional referendum

The Nigerian National Petroleum Company Limited has raised the pump price of petrol to 925 naira per litre at its retail stations in Lagos and 950 naira per litre in Abuja. ultimatum t

Nigeria implements new petrol pump price regime

CWG Group saw a 428.4 per cent year-on-year increase in profit after tax reaching 3.04 billion in the year 2024 with revenue hitting 46.3 billion naira in the period under review. 

CWG Group CEO speaks on growth plans

Liberty Kenya Holdings is exiting its 60 per cent stake in Heritage Insurance Tanzania amid a strong full-year performance, doubling earnings and boosting shareholder payouts. 

Liberty Kenya exits 60% stake in Heritage Insurance Tanzania

CNBC Africa’s Fifi Peters spoke to Neale Hill, President of Ford Africa.

Ford on Trump’s tariffs: Africa market impact 

For insights on this topic, CNBC Africa is joined by two of South Africa’s experts in business rescue Siviwe Dongwana, MD at Adamantem Chartered Accountants and Eric Levenstein, Director at Werksmans Attorneys.

S.Africa’s business rescue debate: Success or failure?

CNBC Africa spoke to South African Minister of Trade, Industry and Competition, Parks Tau for more.

Gauteng Investment Conference launches with R300bn target

Rwanda's Centre for the Fourth Industrial Revolution and the Ministry of ICT & Innovation, in partnership with the World Economic Forum, are hosting the inaugural Global AI Summit in Kigali.

Global AI Summit on Africa kicks off in Kigali

Tanzania’s financial market saw a 338.18 per cent surge in weekly turnover, reaching TZS 9.57 billion, while the 25-year Treasury bond traded at 113.92 per cent. 

Tanzania financial market review 

Tertia Jacobs, Treasury Economist and Fixed Income Analyst at Investec joins CNBC Africa for more. 

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