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.
As Nigeria's Insurance and re-insurance companies race to meet the new minimum paid-up share capital by June next year, Usoro Essien, Head of Research at Vetiva joins CNBC Africa for an outlook on Nigeria’s Insurance sector in the second half of the year.
Moody's Investors Service says the resilient capital and wide liquidity buffers of Nigerian Banks support its stable outlook for the sector, but loan quality pressures remain the main weakness for banks. Aderonke Akinsola, Banking Analyst at Chapel Hill Denham joins CNBC Africa for a post-merger analysis of Nigerian lender Access Bank.
The Economist Intelligence Unit says it expects Ghana’s budget deficit to slip beyond 5 per cent in 2020 being an election year adding that the country’s economic growth between this year and 2023 will be driven predominantly by the hydrocarbons sector, with a continued expected ramping up of oil and gas production. Nathan Hayes, Ghana Analyst for Economic Intelligence Unit joins CNBC Africa to unpack the report.
The United Nations expects Nigeria to become the third most populous country in the world by 2030. The country's real estate sector would require innovative funding structures to accommodate the housing needs of the growing population.