nigeria

A report by the African Private Capital Association shows that about 900 million dollars was invested in 117 deals between 2022 and the first half of 2024 in Francophone Africa. 

AVCA: Francophone Africa secures $900mn private capital between 2022 – H1'24

Analysts at Renaissance Capital Africa say they expect investors to rebalance their portfolio in a bid to drive banking stocks higher. Olumide Sole, the Head of Financial Institutions Research, joins CNBC Africa for this discussion. 

Renaissance Capital: Portfolio rebalancing to drive banking stocks 

Cardinal Professional Services believes additional consultations are key to align interest and get stakeholders buy-in on the tax reform bills. 

CPS: Further consultations key to align interests on tax reform bills

Following the outcome of Ghana’s presidential and parliamentary elections, President-elect, John Mahama, faces the task of steering the country’s economy back to stability as rising debt, inflation and energy sector challenges remain major issues. 

Will Mahama’s strategy address debt, inflation & energy concerns?

Wakabayashi Jin, the Senior Deputy Director General at the Japan International Corporation Agency, believes it is important for Africa to absorb more investment as it seeks to scale up development.

Jin: Japan looking to deepen ties with Africa 

Data by the National Bureau of Statistics shows that foreign investments in Nigeria’s telecommunications sector fell to 14.4 million dollars in the third quarter of 2024 from the 113.42 million dollars recorded in the second quarter of this year. 

Can Nigeria ramp up investment in telecom sector?

Data from the National Bureau of Statistics shows the country raked in 1.78 trillion naira as Value Added Tax for the third quarter of this year, showing a growth rate of 14.16 per cent on a quarter-on-quarter basis. 

Can Nigeria sustain VAT collection drive?

The Nigerian army and their counterparts in Chad and Niger have commenced joint patrols to contain cross-border threats posed by the Lakurawa terrorist group. 

Will offensive against Lakurawa contain terror threats?

Oyeyemi Oke, Partner at AO2 Law joins CNBC Africa for more on developments in the oil and gas sector.

Dangote Refinery applies to amend suit against NNPCL, others

About $29.2 billion in investment interests were secured at this year's Africa Investment Forum 2024 Market Days across different sectors. 

AIF secures $29.2bn investment interest  

Nigeria’s total capital importation fell by 51.9 per cent in the third quarter of this year to $1.25 billion, but up 91.35 per cent year on year. However, foreign portfolio investments rose by 71.79 per cent, ranking top at $899.31 million. 

Nigeria’s capital importation down 51.9% in Q3’24

The Global Head of Development and Agency Finance at Standard Chartered Bank, Faruq Muhammad says the ability to crowd in stakeholders to finance and scale sustainable development solutions are critical. 

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