Business Headlines From Across Africa - Daily

Africa Business Radio — Multichoice launches the new ARRIS HD PVR which is known as the EXPLORA 2. We speak to the Regional Vice President of Sales at ARRIS, Mr Darren Granger. Arris are the makers of this new decoder and we get to learn a bit more about it.

Africa Business Radio — Business Headlines daily from across Africa. Live on Africa Business Radio Monday to Friday 8:00cat. www.africabusinessradio.com

Africa Business Radio — Uganda: Government Acquires Shs6 Billion Weather-Reading Machine, Ethiopia: Nation Preparing Higher Education Roadmap, Uganda to Import Chinese Teachers, Rwanda: Entrepreneurs Showcase Products in U.S. etc

Africa Business Radio — MTN seeks to raise billions through IPO, Manufacturing PMI Declines to 42.1% in August from 44.1% in July 2016 - CBN, Power companies to clear future debts with corporate bonds- Trekker, Kenya, Rwanda sign free trade pact with Europe, Global currency trading shows first contraction since 2001, says BIS, Manufacturing PMI shocks with a sharp fall into contraction territory, MARKET WRAP: JSE closes weaker as retailers lose ground, NSE-ASI records 3-day gain, hits above 28,000bpts as bellwethers end bullish, Oil and gas production schedules for East Africa

Africa Business Radio — Business denies asking Zuma to act unconstitutionally in Gordhan case, Stocks fall further as pressure on Big CAPs gains tempo in Nigeria, Trade, financing top Japan-Africa forum’s agenda, Banks say awaiting guidelines on existing borrowers after rate cap, FEC approves 2017-2019 MTEF, targets 3% economic growth in 2017, MARKETS WRAP: JSE ends weaker in cautious trade ahead of Yellen speech, Rand weakens again as Gordhan’s possible prosecution looms, Oil prices up nearly 1% on soft dollar, Opec speculation, MAN seeks reduction of interest rates, review of export scheme, Banking stocks fall after lending rate cap, Bonds are stable, but higher yields are expected

Africa Business Radio — JSE jumps 1.3% as risk-on sentiment boosts banks, Consumers Are Resisting Price Increases in the Retail Market - FDC, MPs rescind move to throw out Sh5bn core capital cap for banks, Banks say rate cap to lock out 40pc of new borrowers, Rand holds still as US jobless claims steadies dollar, High lending rate rattles manufacturers, cripples biz growth in Nigeria, Brexit decision hits diaspora remittances to Nigeria, others, Retail sales growth hits low gear in tight times

Africa Business Radio — South Africa, Nigeria, Kenya.

Africa Business Radio — Zambia re-elect President Lungu, KPMG disagrees with South Africa's economy overtaking Nigeria, Safaricom recorded Sh13.1b Inflow of Money from Kenyans in the Diaspora via mesa, Nigerian Security Exchange Commission says Crowdfunding won't work in Nigeria for now because of lack of appropriate regulatory policy, Nema ignores Treasury cap directive, sets risk-based audit fees, Oil extends gains above $44 on output freeze hopes, MARKET WRAP: JSE dragged to weak close by platinum and gold stocks, South African Bonds little changed as traders await US data

Africa Business Radio — The Nairobi Securities Exchange (NSE) has opposed the introduction of limits on lending rates, saying that this will push down the value of listed banks. Nigeria’s first-quarter foreign direct investment flows fell 56% to $175m from $395m a year earlier Egypt and the International Monetary Fund have reached a staff-level agreement over a $12 billion three- year “extended fund facility,” the fund said in a statement. HIGH inflation and low economic growth create a dilemma for monetary policy, as raising interest rates could have a negative effect on the already weak economy. SOUTH African bonds retreated at midday on Friday due to some profit-taking after a week of solid gains. The secondary market yield on Kenya’s 10-year Eurobond has fallen to within 0.4 percentage points of coupon value since the beginning of the year, indicating improved investor confidence in the economy.

Africa Business Radio — How do African films tap into the box office network and gain more returns on their investment. (due to technical problems, interviews for this episode where disrupted and have been moved to next week) www.africabusinessradio.com

Africa Business Radio — Multinationals, tea pickers lock in fight that threatens the industry, Value Of Trading On NSE Rises By 49% To N78bn In June, Fitch expects Brexit to have limited effect on SA, Manufacturers Lose N348.6bn To New Forex Policy, CBK now moves to Appeal Court in bid to stop Sh5bn claim, Forex reserves dip by Sh28bn as CBK fights to stabilise shilling after Brexit, Oando Announces N4.1bn Profit For Q1, Confusion reigns for banks on new decision to tax fees in Tanzania, Oil Slump: Taxation Is Nigeria’s Future – LIRS Boss

Africa Business Radio — 10 Brokers Traded N98.430billion Shares In June, Kenya banks on saccos to lift growth of coffee, cotton, Tshwane meter case back in court, Gas Investment Deficit Denies Nigeria 40,000MW Of Electricity, Famous Brands spots gap, buys ‘practically unused’ tomato paste factory, Insurance fraud costing Kenyans dearly, says firm, JSE looks set for gains as global Brexit recovery continues, FG Earns N724bn From Oil In Three Months, Rwanda multiplies import duties on used items, Rotich’s taxes on locally made cars put 10,000 jobs at risk

Africa Business Radio — Russian firm pulls out of Uganda’s $4 billion oil refinery, FG To Borrow N395bn Via Bonds, Barclays Africa appoints Peter Matlare as its deputy CEO, Power: FG Eyes Offshore, Inland Basin Gas Reserves, African Bank offers to buy back $500m of bonds, Vodacom CFO to replace Safaricom's finance chief, Taxi-hailing app Taxify sets up operations in Nairobi, New Code Will Separate Roles Of Chairman And CEO – NCC

Africa Business Radio — Old Mutual to retain ‘strategic minority stake’ in Nedbank, Stocks: Analysts Expect Cautious Trading This Week, Fish firm denies owing fallen Imperial Bank Sh10bn, British shares bounce back a little from Brexit dive, NSE facilitates N11tn securities investment in 10 years, Royal Bafokeng and Liquid Telecom to buy stake in Neotel, Small-scale farmers to start paying income tax, President Jacob Zuma arriving in Botswana last night, ahead of the SADC Double Troika scheduled for 28 June 2016

Africa Business Radio — Energy investors’ big plans for Africa, Shareholders block transfer of Imperial Bank assets to NIC, Nigerian firm cuts gas supply to Ghana, M Oriental Bank cuts out ATMs as it sets sights on family businesses, CIS endorses CBN’s floating exchange rate policy, SABMiller is seen as a cut above its proposed parent company, NPA boss foresees 2016 revenue rising as naira floats, German airline launches second Mombasa flight

Africa Business Radio — Level of violence in Tshwane ‘not anticipated’ says David Mahlobo, FG To Raise Foreign Borrowing To 40%, Liquidation looms with NIC set to take over Imperial Bank, Vodacom recruit a dilemma for MTN, Rising inflation may sink JSE, NNPC targets profitability by end of 2016, IMF wants interbank interest rate controlled

Africa Business Radio — Financial Institutions Key To SDGs Attainment – Minister, How piling debt is taxing economy, Relief for Imperial Bank depositors as NIC takes charge, Nigeria’s economy attracts $77bn foreign investments in six years, Treasury calls for carbon tax comment in South Africa, CAP Plc records improved results, pays N1.645bn dividend, Airtel wins Sh531m tax demand case

Africa Business Radio — Investors braced for Brexit referendum, Stock Market Maintains Upward Streak, Rallies 8% In 3 Days, US urged to take lead from SA in dealing with brewers’ merger, Uchumi set to shut down over debts, EU Woos Nigeria With N1.4tn EPA Offer, 600,000 face hunger as drought hits West Pokot, British firms could relocate here, Davies quips, NNPC Unpaid Bills Hit $1.8bn, New KCC sponsors 88 farmers for tour to boost production

Africa Business Radio — Government working hard to promote confidence in the economy – Zuma, Ghana's purchasing power among the lowest in Africa, CBN Empowers Entrepreneurs, Commences Training For YEDP Applicants, Andela Raises $24 Million From Mark Zuckerberg And Priscilla Chan's Fund To Train African, Senate constitutes committee to probe non-remittance of N1tn by NNPC, Five airlines express interest in buying majority stake in KQ, Malema says EFF is not fighting against white people, Trade ministry drafts rules for commodities exchange, Stocks gain as CBN says market will determine naira rate

Africa Business Radio — Rwanda economy grows by 7.3pc in first quarter, Sliding economy puts brakes on retail sales, FG of Nigeria secures N90bn conditional loan for states, Oil prices drop further on supply, Britain EU exit fears, Germany, China eye joint business efforts in Africa, Asia, SA has huge wind energy potential, says Nordex, Nigeria allows naira to float against US dollar