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Nigeria exempts Dangote Cement from land border closure

By CNBC Africa on Tue Nov 10 2020

The Nigerian government has allowed Dangote Cement to resume exports across its land borders. This is one of many company news trickling into the Nigerian equities market today as the NSE All-Share Index is set for the second day of gains this week. Rotimi Fakayejo, Stockbroker and Capital Market Analyst spoke to CNBC Africa how investors are reacting to the news….

How COVID-19 is changing global remittance flows

By CNBC Africa on Tue Nov 10 2020

The World Bank says the amount of money migrant workers are able to send home is expected to decline by 14 per cent in 2021. According to the bank, the foremost factors driving the decline in remittances include weak economic growth and employment levels in migrant-hosting countries, weak oil prices; and depreciation of the currencies of remittance-source countries against the US dollar. Michael Kent, Founder of Azimo joins CNBC Africa for more.

CBN secures order to freeze accounts of 20 #EndSARS sponsors

By CNBC Africa on Tue Nov 10 2020

The United Nations says the demands for social justice and good governance by Nigerian youths are legitimate and must be done peacefully. They also noted that the developments are a fall-out of the socio-economic impact of the COVID-19 pandemic. Meanwhile, the Central Bank of Nigeria obtained an order to freeze the accounts of 20 alleged sponsors of the #EndSARS campaign. Onyekachi Adekoya, Managing Director of PR24 joins CNBC Africa for more.

Transforming South African healthcare by empowering future frontline workers

By CNBC Africa PR on Tue Nov 10 2020

PRESS RELEASE  For Immediate Release  10 November 2020  The healthcare sector is on the brink of large-scale disruption. Even before the COVID-19 pandemic hit South Africa, the healthcare system was in need of radical change. Philips, a global leader in health technology, is set to release its Future Health Index (FHI) 2020 South Africa report. Philips’s annual (FHI) report, […]

Telkom CEO on H1 earnings & COVID-19 impact on business

By CNBC Africa on Tue Nov 10 2020

As many South Africans adapted to working and studying from home, Telkom was one of the companies enabling connectivity throughout lockdown. Headline earnings per share increased by 25.4 per cent to 219 cents per share for the six months ended September. Group Earnings Before Interest, Taxes, Depreciation, and Amortization rose by 6.3 per cent. Telkom CEO, Sipho Maseko joins CNBC Africa for more.

Oil prices rebound: What does this mean for Angola?

By CNBC Africa on Tue Nov 10 2020

Markets continue to rally, with renewed hopes of a COVID-19 vaccine. Pfizer and BioNTech announced yesterday that their vaccine candidate is 90 per cent effective, with the oil price rebounding. Angola, one of the largest producers of crude oil in Africa, has suffered due to a global drop in oil prices caused by COVID-19 restrictions. Rui Oliveira, CEO of BFA Asset Management joins CNBC Africa for more.

Rwanda reopens border with DR CONGO

By CNBC Africa on Tue Nov 10 2020

After 8 months of closure, Rwanda has finally opened the border with the Democratic Republic of Congo. Throughout the past eight months, trade across the very busy border took a hit with small scale traders being the most affected. Ted Kaberuka, Economic Analyst joins CNBC Africa for more.

How Africa can benefit from incoming U.S administration on trade

By CNBC Africa on Tue Nov 10 2020

Last year, the United States launched a development finance institution known as DFC which is responsible for providing and facilitating the financing of private development projects in lower and middle income countries. Some observers have also suggested that it aims to counter China’s influence in these countries. Grant Harris, CEO of Connect Frontier LLC joins CNBC Africa for more.

How the DRC can curb illicit gold trade to spur economic growth

By CNBC Africa on Tue Nov 10 2020

According to a report by the United Nations, gold production in the Democratic Republic of Congo is underreported while tonnes of the precious metal is smuggled into global supply chains. The report further indicated that the government lost up to $1.88million in taxes through the smuggling of at least 1.1 tonnes out of Ituri Province alone in 2019. Yves Kabongo, Managing Partner at KBG Capital spoke to CNBC Africa for more.

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