<p><iframe loading="lazy" src="https://www.youtube.com/embed/9EkQ6x1IrqU" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Investors have resumed profit-taking on the Nigerian exchange despite the wait for a monetary policy direction by the Monetary Policy Committee of the Central Bank of Nigeria next week. Analysts say they expect to see a positive weekly close as investors continue to await corporate earnings from UBA and ACCESSCORP. Calista Chileke, Investment Research Analyst at ARM Securities, joins CNBC Africa for this discussion.</p>


maxresdefault

Investors resume profit-taking on Nigeria equities

<p><iframe loading="lazy" src="https://www.youtube.com/embed/VayBeW7RZZI" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Traders at Access bank expect continued weak demand as investors shift their focus to next week Monday’s 150-billion naira bond auction. On the T-bills side, the February and March 2025 papers are the most traded at an average yield of 20.4 per cent. Odinaka Linus-Nwokonkwo, Treasury Team Member at Access Bank joins CNBC Africa for more market movements.</p>


Access: Investors shift focus to Monday’s ₦150bn bond auction

<p><iframe loading="lazy" src="https://www.youtube.com/embed/3EjZUN69pyI" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>The South African Reserve Bank&#8217;s Monetary Policy Committee voted unanimously to cut its main interest rate by 25 basis points to 8 per cent, the first cut in four years. The Central Bank said it saw inflation staying below the midpoint of its target range as far out as 2026. The country’s headline inflation came in at 4.4 per cent year-on-year in August, just below the 4.5 per cent midpoint target range.</p>


SARB announces 25bps rate cut (full-speech)

<p><iframe loading="lazy" src="https://www.youtube.com/embed/gu9HUrPTukc" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Data indicates that two thirds of medical device manufacturers are export ready, but what role can SEZs play in expediting trade? In this Episode of Eye on OR Tambo SEZ, we explore the pharmaceutical and medical device manufacturing industry.</p>


Eye on OR Tambo SEZ: Exploring South Africa’s medical manufacturing landscape

<p><iframe loading="lazy" src="https://www.youtube.com/embed/XL4n2zSE6_w" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>The Director at Africa Lexis Nexis Risk Solutions, Donovan Bryne, says African governments, financial institutions, and regulators must continue to align with FATF recommendations and review the processes put in place to tackle money laundering. In a chat with CNBC Africa, Byrne maintains that bridging the gap in accessing information should remain a core responsibility for governments and regulators.</p>


Byrne: Africa needs active regulations to meet FATF criteria

<p><iframe loading="lazy" src="https://www.youtube.com/embed/BL7hvkkmLiE" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Trading at the T-bills market remains calm with a slight bearish sentiment. However, improved offers are seen on mid-tenor papers. Traders at Access Bank expect the bond appetite across the curve to remain weak. Meanwhile, a possible intervention by the Central Bank of Nigeria is expected today to stabilize the naira give the accretion to external reserves. Bosun Obembe, Treasury Team Lead at Access Bank joins CNBC Africa for more.</p>


Access: Tight liquidity fuels bearish run

<p><iframe loading="lazy" src="https://www.youtube.com/embed/bJC8_Y2Nli0" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Schneider Electric launched their new office headquarters in Lagos, Nigeria. The new facility is located in the busy centre of Ikeja, Lagos and will serve as the central hub for the French multinational corporation&#8217;s activities in the wider West African market.</p>


Focus On: Schneider Electric opens new Nigeria office headquarters

<p><iframe loading="lazy" src="https://www.youtube.com/embed/b_py9rfC4d8" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Analysts at Cordros say they expect mixed to positive sentiment in the Nigeria equities market, supported by the upcoming release of more tier-1 banks&#8217; results and dividend declarations. Ope Oluwa, a Research Analyst at Cordros, joins CNBC Africa for a market update.</p>


Cordros: Nigeria equities to see mixed to positive sentiments

<p><iframe loading="lazy" src="https://www.youtube.com/embed/pBdepc_oLOg" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Over 400 million children are lacking the essential nutrients required for healthy growth and development. Currently, the world faces numerous challenges, with malnutrition being a primary concern. Bill Gates, Co-Chair of the Bill &#038; Melinda Gates Foundation, speaks with CNBC Africa in an exclusive interview regarding the eighth annual Goalkeepers report and emphasizes the need for increased investment in nutrition.</p>


2024 Goalkeepers Report: Gates Foundation Chair warns about child malnutrition

<p><iframe loading="lazy" src="https://www.youtube.com/embed/QSEQX02415Y" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>CNBC Africa sat down with ActionSA President, Herman Mashaba for this discussion.</p>


ActionSA rethinking strategy?

<p><iframe loading="lazy" src="https://www.youtube.com/embed/OtxniMGvVHg" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>As more earnings, particularly from the banking sector continue to trickle in, analysts believe the results are pushing positive investors sentiments. Mercy Okon, an Investment Research Associate at Parthian Securities, joins CNBC Africa to discuss expectations from the Nigeria equities market.</p>


Investors sustain positive sentiment

<p><iframe loading="lazy" src="https://www.youtube.com/embed/uZ6o5t9HfKs" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>The Africa Food Systems Forum 2024, the largest agricultural forum on the continent, has urged the mobilization of Africa&#8217;s youth and women to utilize their creativity as a catalyst for economic growth. This Focus On highlights the vital outcomes required to reform Africa&#8217;s food systems and emphasizes the importance of financial inclusion as a means to enhance rural development.</p>


Africa Food Systems Forum 2024: Delivering Food Systems Transformation in a Digital & Climate Era

<p><iframe loading="lazy" src="https://www.youtube.com/embed/k3wplSzMjr4" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Traders at Access Bank expect the T-bills market to continue trading bearish due to tight liquidity. For the bond side, improved bids are seen on the auction bonds following the postponement of this month’s Bond auction. Meanwhile, investors are  trading cautiously in anticipation of the release of August inflation data next week. Ladi Belo, Head of Fixed Income at Access Bank joins CNBC Africa for more market movements.</p>


Access: investors cautious ahead of August inflation data


<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/GettyImages-928551768-820x547.jpg" alt="" class="wp-image-530059" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/GettyImages-928551768-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/GettyImages-928551768-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/GettyImages-928551768-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/GettyImages-928551768-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/GettyImages-928551768-1536x1024.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/GettyImages-928551768-scaled.jpg 2048w" sizes="(max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Pravin Gordhan, South Africa&#8217;s minister for public enterprises, arrives on stage to speak during the future of South Africa conference in Cape Town, South Africa, on Wednesday, March 7, 2017. South Africa &#8220;could easily see&#8221; its economy expand by 2 percent to 3 percent in the next year or two as the government tackles graft at state-owned companies and implements plans to create jobs, Gordhan said. Photographer: Halden Krog/Bloomberg via Getty Images</figcaption></figure>



<p>Former South African Finance Minister Pravin Gordhan has died after a short illness.</p>



<p>His family said Gordhan, who also previously served in the Ministries of Public Enterprises and Cooperative Governance, died in the early hours of Friday. He was 75.</p>



<p>Gordhan was lauded for standing up against corruption under former President Jacob Zuma during a period that came to be known as state capture when India’s Gupta brothers were accused of widespread bribery and corruption of government officials. He was a freedom fighter for the African National Congress during its struggle against apartheid rule.</p>



<p>“We have lost an outstanding leader whose unassuming persona belied the depth of intellect, integrity and energy with which he undertook his activism, his duty as a parliamentarian and his roles as a member of Cabinet,’’ President Cyril Ramaphosa said in a condolence message.</p>



<p>Gordhan was appointed as Commissioner of the South African Revenue Service (SARS) in 1999, after a period as Deputy Commissioner as South Africa transitioned to democratic rule. His decade at SARS was marked by improved tax collection and governance, which led to his appointment as Finance Minister in 2009 till 2014.</p>



<p>His family said Gordhan understood public service was for the greater good rather than self-enrichment.</p>



<p>“He understood that participation in government was not merely a technical or technocratic role. Rather, it was to advance the high public duty that the Constitution bestows on all of us: to uplift the poor, eliminate inequalities, fight racism, greed and corruption, and create a society where social justice and economic emancipation occur within a far-reaching transformation of our society.’’</p>



<p>Gordhan also briefly served as Minister of Cooperative Governance and Traditional Affairs from 2014 until 2015, and then as Minister of Public Enterprises from February 2018 until March this year when he retired.</p>



<p>“In the latter years of this service to the nation, and as a beacon of our fight against corruption, Pravin Gordhan stood up to derision and threats emanating from some in our nation who were scorched by his insistence that justice be dispensed against those who sought to undermine our democracy and raid our public resources and assets.’’</p>



<p><em><strong>This is a breaking news story. Please check back for updates.</strong></em></p>


Pravin Gordhan

Former South African Finance Minister Pravin Gordhan Passes on

<p><iframe loading="lazy" src="https://www.youtube.com/embed/1fxzlH33K1Y" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Analysts at Vetiva Capital say they anticipate a mixed equities market as investors continue to weigh the impact of further corporate earnings releases, while reiterating the impact of the diversification benefit that the ETF offers, maintaining a positive outlook for the Exchange Traded Fund market. Jesusetuntun Ajagun, Portfolio Manager at Vetiva Capital, joins CNBC Africa for more.</p>


Will investors rally Nigeria equities?

<p><iframe loading="lazy" src="https://www.youtube.com/embed/ZE9p6vr4Yuw" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Traders at Access Bank say investors have their attention fixed on today’s 161.86 billion naira t-bills auction. Meanwhile, Nigeria raised $900 million in its first ever domestic dollar bond sale. Tobechukwu Ikpe, Treasury Team Member at Access Bank joins CNBC Africa for more market movements.</p>


Access: Investors shift focus to ₦161.86bn T-Bills auction

<p><iframe loading="lazy" src="https://www.youtube.com/embed/yD51IDIC9Mw" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Highlights from the Future of Education 2024 panel discussion on Partnerships for Impact. In an interconnected world facing complex challenges, collaborative efforts are essential for driving positive change. This discussion delves into how governments, academia, civil society and the private sector can come together to address pressing global issues, foster innovation, and create sustainable solutions. This panel discussion is moderated by CNBC Africa’s Godfrey Mutizwa.</p>


CNBC Africa

Investors resume profit-taking on Nigeria equities

Access: Investors shift focus to Monday’s ₦150bn bond auction

SARB announces 25bps rate cut (full-speech)

Eye on OR Tambo SEZ: Exploring South Africa’s medical manufacturing landscape

Byrne: Africa needs active regulations to meet FATF criteria

Access: Tight liquidity fuels bearish run

Focus On: Schneider Electric opens new Nigeria office headquarters

Cordros: Nigeria equities to see mixed to positive sentiments

2024 Goalkeepers Report: Gates Foundation Chair warns about child malnutrition

ActionSA rethinking strategy?

Investors sustain positive sentiment

Africa Food Systems Forum 2024: Delivering Food Systems Transformation in a Digital & Climate Era

Access: investors cautious ahead of August inflation data

Former South African Finance Minister Pravin Gordhan Passes on

Will investors rally Nigeria equities?

Access: Investors shift focus to ₦161.86bn T-Bills auction

FOE 2024: Partnerships for Impact: Strengthening Collaboration: Highlights Special

News Tips

Advertise With Us

CNBC Africa

Investors resume profit-taking on Nigeria equities

Access: Investors shift focus to Monday’s ₦150bn bond auction

SARB announces 25bps rate cut (full-speech)

Eye on OR Tambo SEZ: Exploring South Africa’s medical manufacturing landscape

Byrne: Africa needs active regulations to meet FATF criteria

Access: Tight liquidity fuels bearish run

Focus On: Schneider Electric opens new Nigeria office headquarters

Cordros: Nigeria equities to see mixed to positive sentiments

2024 Goalkeepers Report: Gates Foundation Chair warns about child malnutrition

ActionSA rethinking strategy?

Investors sustain positive sentiment

Africa Food Systems Forum 2024: Delivering Food Systems Transformation in a Digital & Climate Era

Access: investors cautious ahead of August inflation data

Former South African Finance Minister Pravin Gordhan Passes on

Will investors rally Nigeria equities?

Access: Investors shift focus to ₦161.86bn T-Bills auction

FOE 2024: Partnerships for Impact: Strengthening Collaboration: Highlights Special

News Tips

Advertise With Us

Newsletters