Saudi Arabia threw open its doors on Friday to foreign tourists when she launched a new visa regime for 49 countries and appealed to foreign investors to invest in a sector it hopes should contribute 10% of gross domestic product by 2030.
Just last week, investors piled into the newly listed internet unit from South Africa's Naspers. Shares of its subsidiary Prosus initially jumped--as much as 32 percent above its reference point before declining. Prosus holds assets that include a lucrative stake in China's Tencent Holdings. Bloomberg's Taylor Riggs caught up with Naspers and Prosus CEO Bob Van Dijk to discuss what he sees in Prosus that investors might be missing.
As investors flock to gold amid market volatility, digital gold, Bitcoin, has been underperforming. Michael Novogratz, founder, CEO and chairman at Galaxy Digital, joins BNN Bloomberg to weigh in and to provide his outlook for the cryptocurrency industry.
Moody's Investors Service says the 5.4 per cent quarter-on-quarter decline in Nigeria's gross federally collected revenues underscores the challenges the government faces in implementing the reform agenda to lower the dependence on oil. Aurelien Mali, Vice President, and Sovereign Analyst at Moody’s joins CNBC Africa assess some key credit challenges facing Nigeria.