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CNBC Africa is the recognized world leader in business news and provides real-time financial market coverage and business information.

11/09/2024

[EVENT] Connecting investor-ready businesses to sustainable capital can transform Africa's food systems" - Afsan Khan, UN SUN Coordinator, at The Africa Food Systems Forum - AGRF

11/09/2024

[IN CONVERSATION] Managing Director at Exigent Risk Advisory, Declan Galvin sheds light on state of Kenya's Finance Bill 2023 and what next for East Africa's largest economy.

Watch: tinyurl.com/33azmhmb

11/09/2024

: "We know that 90% of deaf children start school without any language. And that means their first exposure to sign language is when they step into a class. And we know for a fact that teachers don't always know sign language. And children come to school without language as well. And so unskilled teachers and unskilled children means we have a big gap." said, Georgine Auma, Founder and Director at Studio KSL at eKitabu

Mastercard Foundation Joy Doreen Biira

11/09/2024

[TOP STORY] The Port of Mombasa has welcomed its first liquefied natural gas (LNG)-powered ship, Mv Arctic Tern, marking a significant milestone in its go-green emissions strategy. The vessel's arrival aligns with the International Maritime Organisation's (IMO) Marpol Convention, aimed at reducing pollution from ships. As the maritime industry strives to decarbonise by 2050, more LNG-powered vessels are expected to emerge, supporting the global effort to reduce air pollution and sulphur oxide emissions.

11/09/2024

[TOP STORY] The Africa Centres for Disease Control and Prevention (Africa CDC) has launched a $600 million plan to combat the mpox outbreak across the continent. The September 2024-February 2025 initiative allocates 55% for response and readiness in 28 affected countries and 45% for operational efforts. However the plan focuses on 10 key areas, including vaccination, surveillance, and research, with resources directed to high-risk countries.

11/09/2024

[EVENT] Mechanization is crucial for improving food production points out George Marechera, AGRA at The Africa Food Systems Forum - AGRF

11/09/2024

[TOP STORY] The Nigerian Government has raised 900 million dollars in its inaugural domestic dollar bond. The government, in its first tranche, planned to raise 500 million dollars through the country’s capital market. The bond which was issued at par has a tenor of five years and carries an annual coupon of 9.75 per cent. The issue closed with a 180 per cent oversubscription rate as Nigerians, non-Nigerians resident in Nigeria, Nigerians in the Diaspora, and institutional investors took part in the first series.

11/09/2024

[TOP STORY] Ghana Cocoa Board says talks are underway with the government to raise the farmgate price for cocoa this season by about 65 percent. The cocoa regulator says negotiations explore a peg of 54,656 cedis, an equivalent of $3,488 per ton to curb smuggling of the commodity. New York cocoa price. Meanwhile, the country is pressing forward with its proposed self-financing plan though the Finance Minister notes the government will be seeking some external funding to support the cocoa sector.

11/09/2024

[TOP STORY] Oil climbed more than one per cent today, recovering some of the previous day's losses, as a drop in U.S. crude inventories and concern over Hurricane Francine disrupting U.S. output countered concerns about weak global demand. Brent crude futures were up one dollar 10 cents to 70 dollars, 29 cents a barrel while U.S. crude futures gained one dollar 11 cents to 66 dollars, 86 cents.

11/09/2024

[TOP STORY] The Nigerian Government has opened camps for displaced persons affected by recent floodings in Borno as evacuation continues in affected communities. A statement by the National Emergency Management Agency, says it is also working on the provision of food, shelter and medical assistance for the victims.

11/09/2024

[GOLF DAY] Get ready for the CNBC Africa Golf Day at the stunning Kigali Golf Resort & Villas on the 12th of September 2024.

Join us for a day of networking, relaxation, and friendly competition on one of East Africa’s finest courses. Don't miss this opportunity to connect with industry leaders in a breathtaking setting.

See you on the green!

RwandAir
NCBA Bank
MTN Rwanda
Skol Brewery Rwanda
Kivu noir coffee

Trinity Metals Group
Kigali serena Hotels
I&M Bank (Rwanda)

11/09/2024

[EVENT] Join us for the fifth edition of the Angola Oil & Gas (AOG) conference and exhibition, where global financiers, project developers, and key stakeholders come together to drive the industry forward. AOG highlights Angola's commitment to growth and innovation through collaboration between government and private sectors. Don't miss this exclusive opportunity to connect with influential leaders and explore business prospects in Angola's vibrant oil and gas sector.

Be part of AOG in Luanda on October 2–3, 2024!

🎟 Book your delegate pass: https://bit.ly/47psDhh

📥 For sponsorship, exhibition, and delegate inquiries, get in touch: https://bit.ly/3YKTlin

Energy Capital & Power

11/09/2024

[IN CONVERSATION] Will the recent increase in fuel prices in Nigeria have an impact on food prices? Babban Gona CEO, Kola Masha thinks the impact will be moderate.

Watch: tinyurl.com/4uedax26

11/09/2024

[TOP STORY] Kenya has imposed a ban on sugar imports from outside the Common Market for Eastern and Southern Africa (COMESA) and East African Community(EAC) regional trade blocs, citing increased local production. With expected annual production exceeding 800,000 metric tonnes, the government has opted not to extend import windows for foreign sugar. However, the ban aims to protect consumers and support domestic producers, while imports from COMESA and EAC countries will continue under existing trade protocols.

11/09/2024

[TOP STORY] Rwanda has set an ambitious target to boost annual mineral export earnings to $2 billion by 2029, leveraging its mining sector as a key driver of foreign exchange revenue. To achieve this goal, the government will focus on enhancing production efficiency and skill-based labour, positioning the country for significant growth in the industry.

11/09/2024

[TOP STORY] Regional airlines RwandAir and Uganda Airlines have announced disruptions to their services due to an ongoing strike at Jomo Kenyatta International Airport. RwandAir has cancelled its WB452/WB453 flights between Kigali and Nairobi, while Uganda Airlines is experiencing delays on its Nairobi flights and potential disruptions to regional services. However, Passengers are advised to check with the airlines for updates and alternative arrangements.

11/09/2024

[TOP STORY] South Africa’s Democratic Alliance said on Wednesday an education bill that President Cyril Ramaphosa plans to sign into law this week threatens the future of the unity government, the first sign of real friction between the coalition partners.

Read more: https://shorturl.at/yHATC

11/09/2024

[TOP STORY] Miner Anglo American on Wednesday said one of its subsidiaries has raised 7.2 billion rand ($403.21 million) from the sale of about a 5.3% stake in Anglo American Platinum (Amplats) as part of a share sale program that launched a day earlier.

Read more: https://shorturl.at/UHB81

11/09/2024

[TOP STORY] A strike by workers at Kenya’s main international airport in Nairobi has caused flight delays and cancellations for both departing and arriving passengers, Kenya Airways said on Wednesday.

Read more: https://shorturl.at/m9fZf

10/09/2024

The Manufacturers Association of Nigeria says the increase in the price of petrol may influence a rise in inflation as households and manufacturers adjust to the reality of the new price. The Director-General of the Association, Segun Ajayi-Kadir unpacks this.

Watch: tinyurl.com/y3hbkk8c

10/09/2024

[TOP STORY] As Huawei tries to upstage Apple’s new iPhone with the launch of its own ‘trifold phone’ on Tuesday, its chip capabilities remain a weakness, despite recent breakthroughs, according to one analyst.

Read more: https://shorturl.at/gDsmK

10/09/2024

[EVENT] Stable policies needed for financial institutions to invest in private sectors remarks Dr. André de Jager, SNV, at

10/09/2024

: On this month's episode of , Muluneh Atinaf (PhD), Lead for Development of EdTech Policy Framework for Ethiopia, highlighted how people with disabilities face barriers to accessing job opportunities, which impacts their incomes and ability to afford devices, materials, and access to digital content needed for employment.

Mastercard Foundation Joy Doreen Biira

10/09/2024

[TOP STORY] Rwanda’s Prime Minister, Edouard Ngirente has presented Rwanda’s Second National Strategy for Transformation (NST2) to Parliament, detailing the government’s development priorities for the next five years. The NST2 builds on the successes of NST1 and is aligned with Rwanda's Vision 2050, which aims to achieve a GDP per capita of $12,476 by 2050.

10/09/2024

[TOP STORY] Oil prices dipped today with sluggish demand from China counter-balancing U.S. supply disruptions caused by Tropical Storm Francine. Concerns over a global oil surplus also continued to pressure the market. Brent crude futures fell by 32 cents to $71.51 per barrel while U.S. West Texas Intermediate crude futures dropped 38 cents to $68.33 per barrel.

10/09/2024

[TOP STORY] The Nigerian National Petroleum Company Limited and its Joint Venture partner, Chevron Nigeria, have signed a deal to convert five of its JV assets into the Petroleum Industry Act terms. The deal aims to boost crude oil production, to about 165,000 barrels of oil per day by year-end 2024.

10/09/2024

[TOP STORY] The Ghanaian government has refuted reports about plans to restructure domestic debt with private banks and local contractors. A statement by the country’s finance ministry explains that the domestic debt restructuring program which commenced in December 2022, ended in October 2023. The government stressed that the DDEP only covered domestic bonds held by the Central Bank, Pension Funds and retail debt investors.

10/09/2024

The JSE launched a cloud based market place it says will transform its data offerings for clients. The platform, which forms parts of its data modernisation strategy, is a partnership with New York based IT firm DataBP. Head of Market Data at the JSE, Barbara Arnold explains.

Watch: tinyurl.com/2zcs7en3

10/09/2024

[TOP STORY] Kampala University's Kitengela campus in Kenya is slated for sale due to a defaulted loan of approximately $15 million, incurred in 2014 for campus development. Despite legal challenges, the Supreme Court has cleared the way for the auction of the 61.3-acre property, featuring assorted facilities, on September 19.

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Videos

#AfricaFoodSystemsForum2024

[EVENT] Connecting investor-ready businesses to sustainable capital can transform Africa's food systems" - Afsan Khan, UN SUN Coordinator, at #AfricaFoodSystemsForum2024 The Africa Food Systems Forum - AGRF @AfshanKhan

#ICYMI: "We know that 90% of deaf children start school without any language. And that means their first exposure to sign language is when they step into a class. And we know for a fact that teachers don't always know sign language. And children come to school without language as well. And so unskilled teachers and unskilled children means we have a big gap." said, Georgine Auma, Founder and Director at Studio KSL at eKitabu #EdtechMondays Mastercard Foundation Joy Doreen Biira

#AfricaFoodSystemsForum2024

[EVENT] Mechanization is crucial for improving food production points out George Marechera, AGRA at #AfricaFoodSystemsForum2024 The Africa Food Systems Forum - AGRF @GMarechera

Angola Oil & Gas Conference 2024

[EVENT] Join us for the fifth edition of the Angola Oil & Gas (AOG) conference and exhibition, where global financiers, project developers, and key stakeholders come together to drive the industry forward. AOG highlights Angola's commitment to growth and innovation through collaboration between government and private sectors. Don't miss this exclusive opportunity to connect with influential leaders and explore business prospects in Angola's vibrant oil and gas sector. Be part of AOG in Luanda on October 2–3, 2024! 🎟 Book your delegate pass: https://bit.ly/47psDhh 📥 For sponsorship, exhibition, and delegate inquiries, get in touch: https://bit.ly/3YKTlin #AOG2024 #InvestinAfrica #OilandGas #ECPEvents #Investment #LocalContent #Drilling Energy Capital & Power

#AfricaFoodSystemsForum2024

[EVENT] Stable policies needed for financial institutions to invest in private sectors remarks Dr. André de Jager, SNV, at #AfricaFoodSystemsForum2024 @JagerAdriaan

#ICYMI: On this month's episode of #EdtechMondays, Muluneh Atinaf (PhD), Lead for Development of EdTech Policy Framework for Ethiopia, highlighted how people with disabilities face barriers to accessing job opportunities, which impacts their incomes and ability to afford devices, materials, and access to digital content needed for employment. Mastercard Foundation Joy Doreen Biira

Young people in Africa have cited corruption as the biggest obstacle to progress. This is according to the 2024 African Youth Survey. More than 5,600 young people aged 18 to 24 from 16 African countries took part in the survey commissioned by the Johannesburg-based Ichikowitz Foundation. The Foundation Commissioner Ivor Ichikowitz unpacks the results. #CNBCAfrica #DSTV410

The Unites States has stopped direct flights from Nigeria as the country loses its Category One status over the failure of local airlines to conduct operations directly in the last two years. Nigeria’s President is calling for the establishment of direct flights between Nigeria and Brazil as part of steps to strengthen bilateral ties. CEO of Vivajets, Chukwuerika Achum weighs in. #CNBCAfrica #DSTV410

South Africa’s #TwoPotSystem came into effect on September 1. A third of the retirement funds will go to a savings pot where one can withdraw. What are the tax implications for withdrawals? Executive for Enablement and Solutions at AlexForbes, John Anderson says withdrawals will be taxed at marginal rates. He unpacks this. #CNBCAfrica #DSTV410

Group President & CEO Ralph Mupita opens up on what's in store for MTN over the next 30 years.

[ICYMI] The MTN Group - Africa's leading telecommunications company has built a unique legacy over the past 30 years. The Group has over 288 million customers across 18 markets and over 17 000 employees. Group President & CEO Ralph Mupita opens up on what's in store for MTN over the next 30 years. MTN South Africa #30yearsofMTN #DoingGoodTogether

[SPONSORED] The Hive Group’s repositioning and the launch of Tech Hive mark a significant step forward in the company’s evolution. By merging creativity with cutting-edge technology and leveraging data-driven insights, The Hive Group is well-positioned to help brands navigate the complexities of the modern marketing landscape. #CustomerEngagement #DataDriven #Partnerships #ElevatingBrandExperiene #TheHiveGroup The Hive Group

How can EdTech bridge the gap for learners with disabilities and ensure inclusivity for all? Join us for the September edition of #EdTechMondays Africa as we discuss with key experts how technology can support inclusive education and help break down existing barriers. Join the conversation on #EdTechMondays Africa. 📅 Monday, 2nd September ⏱ 14h00 CAT 📍 #DStv410 Mastercard Foundation Joy Doreen Biira

[PARTNERSHIP] Children with disabilities are among the most marginalized in education. According to UNESCO, 93 million children under 14 years, globally, live with disabilities, with the highest populations in sub-Saharan Africa. How can EdTech support inclusive education for these students? Join us for the September edition of #EdTechMondays Africa as we discuss with experts how technology can support inclusive education. 📅 Monday, 2nd September ⏰ 12 PM GMT | 2 PM SAST | 3 PM EAT 📺 CNBC Africa (DStv ch410) or live stream on the Mastercard Foundation Young Africa Works page. #InclusiveEducation #EdTechSolutions

[COMING UP] Through adaptive software and accessible devices, inclusive technology fosters independence and opens up new educational opportunities for students with disabilities. Tune into #EdtechMondays on Monday, 2 September at 14h00 CAT as we discuss this further. Mastercard Foundation Joy Doreen Biira

[COMING UP] Inclusive technology empowers learners with disabilities by providing tailored tools for equitable access to education. It transforms learning experiences to be more accessible and engaging for all students. Tune into #EdTechMondays on Monday, 2 September at 14h00 CAT to unpack this further. Mastercard Foundation Joy Doreen Biira

[SPONSORED] The MTN Group - Africa's leading telecommunications company has built a unique legacy over the past 30 years. The Group has over 288 million customers across 18 markets and over 17 000 employees. Group President & CEO Ralph Mupita opens up on what's in store for MTN over the next 30 years. MTN South Africa #30yearsofMTN #DoingGoodTogether

[EVENT] Just 1 Week To Go Until The Global African Hydrogen Summit 2024! The revolutionary Global African Hydrogen Summit is due to take place from the 3-5 September 2024 in Windhoek, Namibia. Themed From Ambition to Action: Fuelling Africa’s Green Industrial Revolution, the pioneering three-day Summit will convene heads of state, ministers, business leaders, project developers, investors, technologists and end users from across Africa and around the globe to drive partnerships for, and critical investments and financing into, bankable green energy projects of strategic and national importance across Africa. Global African Hydrogen Summit Secure your Delegate pass today: https://brnw.ch/21wM6KG #GAH2S #GlobalAfricanHydrogenSummit

CNBC Africa’s Godfrey Mutizwa asks Group President & CEO Ralph Mupita what's in store for MTN over the next 30 years.

[SPONSORED] With over 288 million customers across 18 markets and over 17 000 employees, CNBC Africa’s Godfrey Mutizwa asks MTN South Africa President & CEO Ralph Mupita what's in store for Africa's leading telecommunications company over the next 30 years and the unique legacy it has built. Catch the full interview on #CNBCAfrica #DSTV410 this Wednesday, 28th August at 13:30 CAT #30yearsofMTN #DoingGoodTogether

ATFX

[SPONSORED] Fintech brokers leverage on technology to facilitate trading and investment, supporting a variety of trading instruments like Forex and cryptocurrencies. In this segment, we step into this world with globally-regulated fintech broker ATFX, who has their sights set on Africa. #DSTV410 ATFX

[IN CONVERSATION] After nearly a decade of losses, Kenya Airways has finally taken to the skies with a profit, reporting its first positive earnings since 2013, a significant milestone in the carrier's turnaround journey. The airline made profit of 513 million Kenyan shillings in the first half of this year, compared to a loss of more than 21 billion shillings in the same period last year. Kenya Airways CEO, Allan Kilavuka highlights some of the reasons behind the profitability. #CNBCAFRICA #DSTV410