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<p>Market activity is primarily concentrated in the t-bills space this week as investors favour short-term maturities amid the hawkish interest rate environment. For the bond side, mild buy interest is seen at the short end of the curve especially the 2033 and 2034 maturities. Kenneth Onuoha, Team Member, Assets and Liabilities at UBA joins CNBC Africa for more market movements.</p>


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UBA: Investors favour short-term T-bills

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<p>Investors are digesting first half year earnings as more numbers trickle in this week. The latest is Dangote Cement recording a Profit after tax uptick of 6.3 per cent year-on-year at 189.9 billion naira in the first half of this year. Patrick Ejumedia, Head of Research at Sterling Asset Management and Trustees joins CNBC Africa to discuss catalysts needed to lift Nigeria’s equities market.</p>


Will H1’24 earnings lift Nigeria’s equities?

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<p>In about 4 weeks, Nigeria&#8217;s Finance Ministry plans to issue $500 nillion-dollars in domestic foreign currency denominated bonds. Meanwhile, traders at Access bank say the market is witnessing improved offers across the bond curve particularly on the mid to long dated maturities with emphasis on the MAY 2033 and JUNE 2053 papers. Senator Audu, Treasury Team Member at Access bank joins me now for more market movements.</p>


Nigeria to issue $500mn domestic FX-denominated bonds in coming weeks

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<p>Rwanda&#8217;s strategic position, robust policies, infrastructure, and visionary initiatives demonstrate the nation&#8217;s role as a gateway for global businesses, driving international investment and growth across the continent, in this episode of Invest Rwanda.</p>


Invest Rwanda: Gateway to Africa

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<p>The industry of glitz and glam: Explore Rwanda&#8217;s vibrant creative economy, featuring dynamic industries like music, film, events, and digital content production. Meet the innovative minds shaping Rwanda&#8217;s cultural landscape and driving economic growth. From ground-breaking music to captivating films and unforgettable events, discover how Rwandan creatives are making their mark globally.</p>


Game Changers: Exploring Rwanda’s vibrant creative economy

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<p>For 50 years, BADEA, the Arab Bank for Economic Development in Africa, has canvassed for Africa-Arab progress and prosperity. Established in 1973 by the Arab League, BADEA has dedicated itself to strengthening economic, financial, and technical cooperation between the Arab and African regions. This CNBC Africa special gathers a panel of experts and explores the topic of &#8216;Supporting Africa’s Private Sector to Own &#038; Drive Africa’s Development and Economic Integration&#8217;.</p>


BADEA: Supporting Africa’s Private Sector to Own & Drive Africa’s Development & Economic Integration

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<p>Mental health isn&#8217;t just a health issue — it&#8217;s a societal one that impacts education, employment, and overall productivity. This episode of Focus On explores how businesses can retain top talent and boost company culture by combating mental ill-health in the workplace.</p>


Focus On: Protecting and promoting mental health at work

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<p>Traders at UBA say they expect minimal trading activities at the Treasury bills market today as the DMO offers 277 billion naira to investors with 255 billion naira on the 364-day bill. Chuka Nwachukwu, Head of ALM and Balance Sheet Management at UBA joins CNBC Africa to gauge the likely outcome of the auction.</p>


UBA: Investors await outcome of ₦277bn T-bills auction

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<p>Nigerian investors are setting their sights on the Treasury Bills Auction today, barely 24 hours after the 50-basis point rate hike by the Monetary Policy Committee. Kinskin Ukeje, a Treasury Team Member at Access Bank, joins CNBC Africa for a market discussion.</p>


Investors eye ₦277bn T-bills auction


<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="461" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1407863161-820x461.jpg" alt="" class="wp-image-510589" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1407863161-820x461.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1407863161-300x169.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1407863161-160x90.jpg 160w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1407863161-768x432.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1407863161-1536x864.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1407863161-scaled.jpg 2048w" sizes="(max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Aerial photo from the capital of Angola, Luanda | Getty Images</figcaption></figure>



<p id="tw-target-text">Angola is making significant strides in diversifying its economy by attracting foreign investment across various sectors. In a recent initiative, the Agency for Private Investment and Exports Promotion (AIPEX) has <a href="https://investinangola.ao/">launched the &#8216;INVEST IN ANGOLA&#8217; platform</a>, aimed at streamlining and enhancing investment opportunities within the country.</p>



<h2 class="wp-block-heading" id="h-angola-s-economic-diversification-strategy">Angola&#8217;s Economic Diversification Strategy</h2>



<p>Historically reliant on oil, Angola is now focusing on diversifying its economic base. Key sectors identified for development include manufacturing, ICT, agriculture, and education. By tweaking private investment laws and offering incentives aligned with the developmental needs of different regions, Angola is positioning itself as a favorable destination for foreign investors.</p>



<p>The ongoing reforms cover political, economic, and social aspects, signaling a robust transition towards improving infrastructure and increasing regional integration. This includes better connectivity to support trade and cooperation with neighboring African nations.</p>



<h2 class="wp-block-heading" id="h-strategic-partnerships-and-trade-agreements">Strategic Partnerships and Trade Agreements</h2>



<p>Significant milestones include the recent trade partnership with Rwanda. The memorandum of understanding (MoU) signed with the Rwanda Development Board (RDB) aims to leverage mutual strengths and explore business opportunities. Learning from Rwanda’s successful Special Economic Zones, Angola aims to attract new investors and enhance its own Luanda Special Economic Zone.</p>



<h2 class="wp-block-heading" id="h-oil-and-gas-still-a-cornerstone">Oil and Gas: Still a Cornerstone</h2>



<p>Despite diversification efforts, the oil and gas sector remains crucial. Initiatives like an in-depth investor report and a high-level documentary produced in partnership with Energy Capital &amp; Power (ECP) will highlight opportunities in this sector. Major events such as the Angola Oil &amp; Gas (AOG) Conference continue to draw attention, fostering discussions, networking, and deal-making among key industry players.</p>



<h2 class="wp-block-heading" id="h-more-than-a-website">More than a website</h2>



<p id="tw-target-text">According to Forbes Africa Lusofone, the platform is a strategic tool aimed at facilitating access to critical information and resources for investors worldwide. Currently, there are 84 investment opportunities in key sectors such as agriculture, energy, infrastructure, and two projects under the privatization program (Propriv), as well as 539 products from the &#8220;Made in Angola&#8221; brand, reflecting the government&#8217;s commitment to promoting the Planagrão (National Grain Production Promotion Plan).</p>



<p id="tw-target-text">AIPEX will be responsible for managing this platform &#8211; &#8220;we are fully committed to ensuring that it becomes a benchmark of excellence and an indispensable support point for investors. Our team is focused on keeping the content updated, relevant, and aligned with international best practices. We will continuously expand the available resources, incorporate interactive tools, and offer personalized support to meet the needs of investors. We are aware that diversifying content and including interactive features such as investment maps and incentive calculators are essential to providing a complete and efficient experience,&#8221; says AIPEX.</p>



<p>The launch of the &#8216;INVEST IN ANGOLA&#8217; platform signifies a strategic effort to attract and retain foreign investment, thereby promoting sustainable development and inclusive growth. By capitalizing on its strategic location, abundant natural resources, and evolving business environment, Angola is poised to make significant advancements in its quest for economic diversification.</p>


Luanda Skyline from above

AIPEX Launches ‘INVEST IN ANGOLA’ Platform: A New Era for Investment in Angola

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<p>The return of the Basketball Africa League to Rwanda for the fourth time, highlights the nation&#8217;s ability to host major international events; reinforcing Rwanda&#8217;s status as a leading MICE hub in Africa, showcasing its infrastructure, hospitality, and organizational excellence on a continental stage.</p>


Discover Rwanda: The Basketball Africa League fiesta

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<p>Mastercard Foundation holds the inaugural EdTech Conference 2024. CNBC Africa brings you key issues and resolutions as stakeholders move to position Africa’s EdTech ecosystem for global growth.</p>


Focus On: MasterCard Foundation Inaugural EdTech Conference 2024 Highlights

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<p>Nigeria&#8217;s Monetary Policy Committee has raised the benchmark lending rate by 50 basis points, bringing it to 26.75 per cent from 26.25 per cent in May. According to the CBN Governor, the move is aimed at addressing rising inflation.</p>


Nigeria MPC raises MPR by 50bps to 26.75%

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<p>Analysts believe Nigeria is yet to develop a clear strategy to address key economic challenges, stressing that delivering economic outcomes without institutional reforms is not enough to address inflationary pressure among other challenges. Bismarck Rewane the CEO of Financial Derivatives and Esili Eigbe, a Director at Escap Management, joined CNBC Africa’s Wole Famurewa to analyse the decisions of the Monetary Policy Committee.</p>


Rate increase not significant enough to drive foreign capital

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<p>With inflation at 34.19 per cent and the naira dropping over 5 per cent since May, Nigeria&#8217;s monetary policy committee faces a crucial decision: maintain its hawkish stance or hold steady to allow this year&#8217;s 750 basis point hike to take effect. Bismarck Rewane, the CEO of Financial Derivatives and Esili Eigbe, a Director at Escap Management, unpack expectations of Nigeria’s fourth MPC meeting.</p>


Nigeria decides: Analysts weigh options for MPC

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<p>In an ambitious drive to eradicate AIDS in children by 2030, the Global Alliance has brought together a diverse coalition of multi-sectoral stakeholders, including women living with HIV, their families, national governments, and various global partners. CNBC Africa&#8217;s Zanele Morrison speaks to Humile Mashatile, the South African patron of the Global Alliance to End Aids.</p>


Global Alliance Patron, Humile Mashatile on efforts to end AIDS in children by 2030

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<p>Traders at UBA say Investors are taking a cautious stance ahead of Monday’s bond auction and outcome of this month&#8217;s MPC meeting on Tuesday . Meanwhile, sell interest is seen on short to mid-term bonds. Kenneth Onuoha, Team Member, Assets and Liabilities at UBA joins CNBC Africa for more market movements.</p>


CNBC Africa

UBA: Investors favour short-term T-bills

Will H1’24 earnings lift Nigeria’s equities?

Nigeria to issue $500mn domestic FX-denominated bonds in coming weeks

Invest Rwanda: Gateway to Africa

Game Changers: Exploring Rwanda’s vibrant creative economy

BADEA: Supporting Africa’s Private Sector to Own & Drive Africa’s Development & Economic Integration

Focus On: Protecting and promoting mental health at work

UBA: Investors await outcome of ₦277bn T-bills auction

Investors eye ₦277bn T-bills auction

AIPEX Launches ‘INVEST IN ANGOLA’ Platform: A New Era for Investment in Angola

Discover Rwanda: The Basketball Africa League fiesta

Focus On: MasterCard Foundation Inaugural EdTech Conference 2024 Highlights

Nigeria MPC raises MPR by 50bps to 26.75%

Rate increase not significant enough to drive foreign capital

Nigeria decides: Analysts weigh options for MPC

Global Alliance Patron, Humile Mashatile on efforts to end AIDS in children by 2030

UBA: Investors cautious ahead of next week’s bond auction

News Tips

Advertise With Us

CNBC Africa

UBA: Investors favour short-term T-bills

Will H1’24 earnings lift Nigeria’s equities?

Nigeria to issue $500mn domestic FX-denominated bonds in coming weeks

Invest Rwanda: Gateway to Africa

Game Changers: Exploring Rwanda’s vibrant creative economy

BADEA: Supporting Africa’s Private Sector to Own & Drive Africa’s Development & Economic Integration

Focus On: Protecting and promoting mental health at work

UBA: Investors await outcome of ₦277bn T-bills auction

Investors eye ₦277bn T-bills auction

AIPEX Launches ‘INVEST IN ANGOLA’ Platform: A New Era for Investment in Angola

Discover Rwanda: The Basketball Africa League fiesta

Focus On: MasterCard Foundation Inaugural EdTech Conference 2024 Highlights

Nigeria MPC raises MPR by 50bps to 26.75%

Rate increase not significant enough to drive foreign capital

Nigeria decides: Analysts weigh options for MPC

Global Alliance Patron, Humile Mashatile on efforts to end AIDS in children by 2030

UBA: Investors cautious ahead of next week’s bond auction

News Tips

Advertise With Us

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