south africa

The President of the Rice Millers Association of Nigeria, Peter Dama says the influx of foreign rice into the Nigerian market is forcing local rice millers to close shop. 

Dama: Foreign rice influx forcing local rice mills to close shop

Senior Partner at Gbenga Biobaku & Co, Gbenga Biobaku says Nigeria's Petroleum Industry Act as well as recent executive orders signal to investors Nigeria is ready to move investments forward.

Biobaku: Oil sector reforms signal Nigeria ready to move investments forward

ABSA Group yesterday presented the market with Kenny Fihla as its new CEO, the latest attempt to give one of South Africa's four big banks a substantive head for the long-term. 

ABSA banks on Fihla 

The African Continental Free Trade Agreement is the largest in the world but also its youngest and with intra-African trade below 20 per cent, probably has the biggest potential for growth in the years ahead. So what do we need to realise it?

Africa’s Nedbank on accelerating African free trade

To unpack this performance, CNBC Africa is joined by Libstar CEO, Charl de Villiers.

Libstar FY’24 basic HEPS dips 16.2%

Kenya is working towards universal access to clean cooking by 2028, a goal critical for health, the environment, and economic growth. 

Kenya to achieve universal access to clean cooking by 2028

Uganda’s equity market saw turnover jump from UGX 35 million to nearly UGX 297 million closing Friday, driven largely by trades in Stanbic Bank and MTN Uganda. 

Inside Uganda's market movements 

George Omuga, Managing Director of EATTA and overseer of the Mombasa Tea Auction, joins CNBC Africa for more insights.

EATTA calls for resolution as Sudan bans Kenyan tea imports

CNBC Africa is joined by July Ndlovu, CEO, Thungela for more. 

Thungela’s full-year HEPS down 27% on weak prices 

Shares of Hulamin under a lot of heat today, dropping more than 13 per cent. The aluminum group released its 2024 results earlier, reporting a 28 per cent decline in basic headline earnings per share to 64c. 

Hulamin H1 HEPS slump 28%

Nigeria's house of representatives passed four tax reform bills last week after making some tweaks to the bills proposed by President Bola Tinubu. Meanwhile, the upper chamber, the Senate, will begin deliberation on the bills this week. 

Will Nigeria's parliament finalise tax reform bills this week?

Nigeria has implemented key policies and reforms to revitalise the country’s mining sector, attract investment and strengthen the sector’s contribution to GDP. 

SOUTH AFRICA