The Togolese government is taking part in the G-20 Debt Service Suspension Initiative, which suspends payments to bilateral Paris Club creditors from the first of May till the end of the year 2020. Ratings Agency, Moody’s says Togo’s participation in the initiative offers short term liquidity relief but poses risks for the private sector. Lucie Villa, Vice President and Senior Credit Officer at Moody’s joins CNBC Africa for more.
The International Finance Corporation (IFC) regards the Africa Investment Forum as an interesting opportunity to meet and hear from some of Africa’s leaders and some of the key players in the private sector on what they see as the opportunities and challenges on the continent. Sergio Pimenta, Vice President of IFC in Middle East and Africa joins CNBC Africa’s Africa’s Kenneth Igbomor for more.
Pierre Guislain the Vice President for Private Sector, Infrastructure, and Industrialisation at the AfDB says development banks like Afreximbank and the AfDB have a core mandate to harness the potential of Africa’s private sector to accelerate the continent’s transformation. He explored ways to attain this transformation with CNBC Africa's Christy Cole.
Patience Oniha, Director General of Nigeria’s Debt Management Office says government policies in the country targets a private sector-led growth among others and the issuance of the Sukuk bonds in the past have been aimed at meeting these objectives.
Stanbic IBTC says April PMI came in at 55.5 percent showing signs that the recent soft patch in the Nigerian private sector may have come to an end in April as business conditions improved to the greatest extent since late last year. Gbolahan Taiwo, Regional Economist for West Africa at Stanbic IBTC joins CNBC Africa to discuss the details.
The Founder/Chairman of Zenith Bank Plc, Mr. Jim Ovia recently launched his book, Africa Rise and Shine in New York. The event happened on the sidelines of the United Nations General Assembly and had foreign dignitaries and private sector captains of industry in attendance.