CNBC Africa

18/12/2024

[IN CONVERSATION] With insufficient public investment and high out-of-pocket expenses, millions of Africans face barriers to essential care. Increased funding through innovative financing mechanisms, partnerships with international donors, and better resource allocation are essential to bridge these gaps.

Strengthening health systems, improving financial transparency, and fostering local investment in healthcare can drive sustainable improvements.

CNBC Africa’s Flora Limukii spoke to Boniface Njenga, Deputy Director, Health Delivery & Systems at Bill & Melinda Gates Foundation.

Watch: tinyurl.com/y7yyjamw

With insufficient public investment and high out-of-pocket expenses, millions of Africans face barriers to essential care.

18/12/2024

[IN CONVERSATION] Nigeria’s President Bola Tinubu will present the proposed 47.96 trillion-naira budget to the joint session of the National Assembly today following final adjustments to the proposal.

Meanwhile, the Senate, has passed for first reading a bill to ban the use of foreign currencies for payments and transactions within the country.

Johnson Chukwu, CEO of Cowry Asset Management joined CNBC Africa for more on these.

Watch: tinyurl.com/hvcx8ybr

18/12/2024

[IN CONVERSATION] Ethiopia became the first country in the world to ban the import of fuel-powered vehicles in January 2024.

CNBC Africa's Tabitha Muthoni spoke with Hilina Legesse, Vice President & Head of Corporate Services at Dodai and President of the Addis Ababa E-Mobility Association about the impact this policy has had on the EV sector and what lies ahead in 2025.

Watch: tinyurl.com/3wubkb4a

18/12/2024

[ICYMI] Shaping Africa’s Future: Insights from AU on growth, sustainability & security

In this compelling fireside chat, six esteemed African Union Commissioners delve into the continent’s most pressing challenges and opportunities. From economic integration and renewable energy to health equity, education, and peacebuilding, discover how these leaders are charting a transformative path for Africa’s sustainable growth and resilience.

🔗CLICK LINK BELOW TO CATCHUP ON FIRESIDE CHAT: https://www.cnbcafrica.com/2024/shaping-africas-future-insights-from-au-on-growth-sustainability-security/

African Union

In this compelling fireside chat, six esteemed African Union Commissioners delve into the continent’s most pressing challenges and opportunities. From economic integration and renewable energy to health equity, education, and peacebuilding, discover how these leaders are charting a transformative ...

18/12/2024

[ICYMI] Focus On: Mjadala Afrika Leadership Debate

Candidates vying for the Chairperson of the African Union Commission elaborate on their vision and strategies for implementing Africa’s Agenda 2063 and driving Africa’s transformative vision for a prosperous, united, and peaceful Africa, driven by its people, and influential in global affairs.

🔗CLICK LINK BELOW TO CATCH UP ON INTERVIEW:
https://www.cnbcafrica.com/2024/focus-on-mjadala-afrika-leadership-debate/

African Union

Candidates vying for the Chairperson of the African Union Commission elaborate on their vision and strategies for implementing Africa’s Agenda 2063 and driving Africa’s transformative vision for a prosperous, united, and peaceful Africa, driven by its own people, and influential in global affair...

17/12/2024

[EXPLAINER] Once a pastime for a few, gambling is now a daily reality for many South Africans. According to the National Gambling Board, in 2023, 65.7% of the population gambled, up from just 30.6% in 2017. The industry is booming, with Gross Gambling Revenue hitting R59.3 billion in 2023 – a 25.7% increase. But behind these numbers is a troubling story.

17/12/2024

[TOP STORY] The price of chocolate’s key ingredient has skyrocketed this year, prompting analysts to issue fresh warnings about extreme price volatility.

Read more: https://www.cnbcafrica.com/2024/cocoa-prices-climb-to-new-record-high-prompting-fresh-warnings-about-extreme-volatility/

17/12/2024

[TOP STORY] Ethiopia’s parliament passed long-planned legislation on Tuesday allowing foreign banks to operate in the Horn of Africa country, part of government efforts to attract more overseas investment.

Read more: https://www.cnbcafrica.com/2024/ethiopia-passes-law-allowing-foreign-banks-to-operate/

17/12/2024

[TOP STORY] China’s attempts to dominate the world of artificial intelligence could be paying off, with industry insiders and technology analysts telling CNBC that Chinese AI models are already hugely popular and are keeping pace with — and even surpassing — those from the U.S. in terms of performance.

Read more: https://www.cnbcafrica.com/2024/china-wants-to-dominate-in-ai-and-some-of-its-models-are-already-beating-their-u-s-rivals/

17/12/2024

[IN CONVERSATION] The recent UK Francophone West and Central Africa Forum held in London underscored the growing significance of strengthening economic ties between the UK and Africa. The forum was attended by dignitaries from nine African countries, including high ranking government officials.

His Majesty’s Trade Commissioner to Africa at the UK’s Department for Business and Trade, John Humphrey joined CNBC Africa's Fifi Peters for more.

Watch: tinyurl.com/4zp75dff

17/12/2024

[IN CONVERSATION] Nigeria’s food inflation rate rose 7.08% to 39.93% year-on-year on the back of higher energy and transportation costs as well increases in the prices of staple foods.

Kola Masha, CEO of Babban Gona joined CNBC Africa for more on Nigeria’s journey to food security and outlook for the grains market.

Watch: tinyurl.com/4yykhet5

17/12/2024

[SPONSORED] The Rwanda Film Office has introduced the Creative Grants Initiative 2024, providing €360,000 aimed at empowering filmmakers and fostering innovation within the film industry.

READ MORE: https://www.cnbcafrica.com/2024/rwanda-film-office-launches-creative-grants-initiative-2024-with-e360000-to-support-filmmakers/

Rwanda Development Board (RDB)

The Rwanda Film Office (RFO) has unveiled its Creative Grants Initiative, providing €360,000 in funding to support Rwandan filmmakers. This initiative, accessible at https://rdb.rw/creative-grants-initiative-2024/ , is supported by the Rwanda Development Board (RDB), the Organisation International...

13/12/2024

[EVENT] Watch the African Union Leadership Debate taking place today on CNBC AFRICA YouTube and Linkedin.

3 Candidates from different countries on the African continent will be vying for the position of the AUC Chairperson. The debate is organized ahead of the election of the next Chairperson of the AU Commission in 2025 during the Summit of Heads of State and Government of the AU, in Addis Ababa, Ethiopia.

🗓️13 December 2024
🕙 18:00 SAST & 19:00 EAT
📍CNBC AFRICA YOUTUBE AND LINKEDIN LIVE

13/12/2024

[TOP STORY] Rwandan president Paul Kagame announced his country’s bid for a Formula One race on Friday, ahead of an awards ceremony in the capital Kigali that will hand the champion’s trophy to Max Verstappen for a fourth year in a row.

Read more: https://www.cnbcafrica.com/2024/rwandan-president-announces-bid-for-f1-race/

13/12/2024

[TOP STORY] South Africa recorded foreign direct investment outflows of 3.2 billion rand ($179.87 million) in the third quarter, compared to inflows of 16.6 billion in the second quarter, central bank data showed on Friday.

Read more: https://www.cnbcafrica.com/2024/south-africa-shifts-to-fdi-outflows-in-third-quarter-central-bank-says/

13/12/2024

[TOP STORY] A record-breaking rally for coffee prices shows no sign of slowing down, analysts say, with some warning it could take years for one of the world’s most traded commodities to recover.

Read more: https://www.cnbcafrica.com/2024/coffee-prices-climb-to-near-50-year-highs-and-it-may-take-years-for-the-rally-to-run-out-of-steam/

13/12/2024

[SPONSORED] In this episode, explore the stunning Nyungwe Forest, one of Africa's oldest rainforests, known for its rich biodiversity and eco-tourism efforts that support local communities.

🔗WATCH HERE: https://cnbcafrica.com/2024/discover-rwanda-expedition-nyungwe-rwandas-green-jewel/

Rwanda Development Board (RDB) Visit Rwanda

In this episode of Discover Rwanda, we journey through the breath-taking Nyungwe Forest, one of Africa's oldest rainforests. Explore its rich biodiversity, unique wildlife, and thriving conservation efforts. Learn how Nyungwe is becoming a key destination for eco-tourism while benefiting local commu...

13/12/2024

[ICYMI] Gauteng Investment Roadshow: Investing in Gauteng.

Contributing nearly 40 per cent to South Africa's GDP, Gauteng stands as the economic powerhouse of the country and a gateway to investment across Africa.

Join CNBC Africa for the Invest Gauteng Breakfast panel discussion where we bring together government leaders, industry executives, and investors to explore Gauteng’s economic outlook, strategic development initiatives, and unparalleled investment opportunities.

🔗CLICK LINK BELOW TO CATCH UP ON ROADSHOW:
https://www.cnbcafrica.com/2024/gauteng-investment-roadshow-investing-in-gauteng/

The Gauteng Growth and Development Agency

Contributing nearly 40 per cent to South Africa's GDP, Gauteng stands as the economic powerhouse of the country and a gateway to investment across Africa. Join CNBC Africa for the Invest Gauteng Breakfast panel discussion where we bring together government leaders, industry executives, and investors...