The US government will increase measures aimed at preventing entry by people exposed to Ebola with a new requirement for US-bound air travelers to attest they have not been in the Democratic Republic of Congo in the prior 21 days.
Read the full story here: https://t.co/qdxygWDTmY
#CNBCAfrica #DSTV410
As France’s economic and political woes mount, investors are asking whether the country’s debt problems risk contaminating the rest of the euro zone.
Read the full story here: https://t.co/BhBM4vMgpZ
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Across Sudan, farmers who have struggled to harvest their crops since a civil war flared in 2023 are now battling a new enemy that could plunge the nation back into famine: the weather. El Niño, the climate pattern threatening parts of Africa with floods, is bringing higher temperatures and drought to Sudan, where pockets of famine have already emerged during more than three years of conflict, mainly in areas under siege.
Read the full story here: https://t.co/ekudgHB0RI
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Coming up on #PLSA410 at 12PM CAT. 📺
From the rand’s performance amid sustained oil price gains to business growth, digital innovation, cash flow management and mining sector reforms, we’ve got another insightful edition of Power Lunch Southern Africa lined up.
Joining us are:
Tebogo Moopa, Portfolio Manager, Sanlam Investments Multi-Manager, on the South African rand slipping as oil maintains its gains.
Vusi Thembekwayo, Author & Entrepreneur, on his book, building a business that can compete, from David to Goliath.
Innocent Musonda, Director: Centre for Applied Research & Innovation, UJ, on Africa’s infrastructure sector embracing digital innovation.
Colin Timmis, Regional Director: EMEA, Xero, on mastering cash flow in Africa’s side-hustle economy.
Sammy Gyamfi, CEO, Ghana Gold Board, on reforms shaping Africa’s mining sector.
Don’t miss it. 12PM CAT, only on CNBC Africa, DStv Channel 410.
#CNBCAfrica #DSTV410 #PLSA410
The South African rand was little changed early on Friday as investors paused after the currency’s sharp fall in the previous session and looked ahead to month-end economic data next week for further clues on the health of Africa’s largest economy. At 0636 GMT the rand traded at 16.5050 against the dollar, broadly unchanged from Thursday’s close after falling sharply in the previous session as elevated oil prices weighed on the currency of the fuel-importing nation.
Read the full story here: https://t.co/YIcaQJjsQY
#CNBCAfrica #DSTV410
Nigeria’s health minister said authorities had no evidence that the country’s recently confirmed Ebola case had spread into the wider community, describing it as a single, contained infection. Nigeria reported its first Ebola case in more than a decade on Tuesday.
Read the full story here: https://t.co/gdks6Xzy3X
#CNBCAfrica #DSTV410
South African retailer Pick n Pay said it has withdrawn a previously announced restructuring consultation process, and forecast a 25%-35% narrowing in first-half headline loss per share. The grocer has been pursuing a turnaround plan focused on improving its product offering, closing underperforming stores and cutting costs as part of a multi-year overhaul.
Read the full story here: https://t.co/VG1lOlFLHA
#CNBCAfrica #DSTV410
Former United Nations High Commissioner for Human Rights Navi Pillay has condemned violence against women in South Africa, calling for stronger action to ensure legal protections translate into meaningful equality. Speaking to Forbes Africa and Forbes Woman Africa Managing Editor Renuka Methil in The Hague, Pillay said her career recognition should also highlight women and people of colour who remain overlooked, while emphasising the importance of evidence-based judicial decisions and international accountability.
She warned that women continue to bear a disproportionate burden during conflict, economic crises and climate-related disasters, stressing the need to uphold justice, equality and human rights.
CNBC Africa’s @Retha_Jae reports.
#CNBCAfrica #HumanRights #GenderEquality #Justice
The Nigerian and Ugandan currencies are expected to weaken against the dollar in the next week to Thursday, while those of Kenya, Ghana and Zambia are likely to remain stable, traders said.
Read the full story here: https://t.co/IrWz9UjvrJ
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The South African rand slipped on Thursday as higher oil prices added pressure on the fuel-importing economy, while investors continued to assess the government’s mid-year budget review, which included two months of temporary fuel levy relief. At 1203 GMT, the rand traded at 16.5275 to the dollar, down about 1% from its previous close.
Read the full story here: https://t.co/CQsBOd72Yk
#CNBCAfrica #DSTV410
Nigeria’s first Ebola patient in over a decade was not tested for the disease until 13 days after falling ill, officials said, a delay that raises questions about authorities’ ability to contain an outbreak already spanning four African nations.
Read the full story here: https://t.co/eauzJOfcLl
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South Africa’s trade with China has surged this year since Beijing introduced a zero-tariff scheme for qualifying African exports in May. Chinese ambassador Wu Peng said at an event in Pretoria that South Africa’s exports were up nearly 25% year-on-year between May and August, while South Africa’s imports from China were up 23%.
Read the full story here: https://t.co/RHTTfiJRhg
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Success in business takes hard work and resilience, but sustainable growth also depends on financial visibility and informed decision making.
On this episode of *Africa Side Hustle*, we speak to Colin Timmis, Regional Director for Xero EMEA, about managing cash flow, building strong financial foundations and using technology and AI to help small businesses scale sustainably.
Watch the full interview to discover how understanding your numbers can support long term business growth.
#AfricaSideHustle #CNBCAfrica #SmallBusiness #Entrepreneurship
Former United Nations High Commissioner for Human Rights Navi Pillay has condemned violence against women in South Africa, calling for stronger action to ensure legal protections translate into meaningful equality. Speaking to Forbes Africa and Forbes Woman Africa Managing Editor Renuka Methil in The Hague, Pillay said her career recognition should also highlight women and people of colour who remain overlooked, while emphasising the importance of evidence-based judicial decisions and international accountability.
She warned that women continue to bear a disproportionate burden during conflict, economic crises and climate-related disasters, stressing the need to uphold justice, equality and human rights.
CNBC Africa’s @Retha_Jae reports.
#CNBCAfrica #HumanRights #GenderEquality #Justice
Oil prices climbed Thursday on worries over a possible escalation in the Middle East conflict as the U.S. reportedly plans to resume strikes against Iran. Brent crude futures rose 2.45% to $111.49 a barrel as of 3:01 a.m. ET, while U.S. West Texas Intermediate crude gained 2.39% to $99.47.
Read the full story here: https://t.co/iPLZZ1HYiT
#CNBCAfrica #DSTV410
Uganda’s central bank said in a notice to banks on Thursday that it was in the market selling an undisclosed amount of foreign currency. “BOU (The Bank of Uganda) is in the FX market on the sell side,” the notice said, without elaborating. Uganda’s currency, the shilling, has been under pressure for weeks, sliding to repeated record lows against the U.S. dollar.
Read the full story here: https://t.co/9cikfy5CLD
#CNBCAfrica #DSTV410
Ghana has ordered its mining regulator to standardise pay and employment conditions across the industry, a move that could ease union concerns over a planned shift of mining operations from multinational companies to local contractors by December.
Read the full story here: https://t.co/OYbACn87mr
#CNBCAfrica #DSTV410
Coming up on #PLSA410 at 12PM CAT. 📺
From the rand and equity markets facing pressure from rising oil prices to skills development, corporate earnings, Africa’s luxury market and mineral policy priorities, we’ve got another insightful edition of Power Lunch Southern Africa lined up.
Joining us are:
David Shapiro, Chief Global Equity Strategist, Otto1890, on the South African rand and bourse coming under pressure from the oil surge.
Steve Martin, Senior Manager: People, Gold Fields’ South Deep Mine, on addressing the growing gap between skills development and employment.
Quintin Rossi, CEO, Spear, on the group’s HY27 earnings beating guidance, with distributable income per share up 8%.
Michael Zahariev, Co-Founder, Luxity, on shifting trends in Africa’s luxury market.
Les Male, Non-Executive Director, Royal Ghana Gold, on Africa’s mineral policy priorities.
Don’t miss it. 12PM CAT, only on CNBC Africa, DStv Channel 410.
#CNBCAfrica #DSTV410 #PLSA410
Chinese automaker Chery Group will begin vehicle production in South Africa with its Omoda C4 crossover SUV, deepening its presence in Africa. The Omoda C4 will be produced at the Rosslyn plant near Pretoria, which Chery acquired from Nissan this year. It will be offered in petrol, hybrid and fully electric variants when it launches for sale in South Africa next year, the company said on Wednesday.
Read the full story here: https://t.co/uP8KwKtZ0K
#CNBCAfrica #DSTV410
Nigerian billionaire Aliko Dangote said on Wednesday that his company had bought a 25% stake in Kenya Pipeline Company to move petroleum products. Industrialist Dangote last month broke ground on a 700,000-barrel-per-day oil refinery project in Kenya’s Lamu port.
Read the full story here: https://t.co/HeR9OTfI4b
#CNBCAfrica #DSTV410