CNBC Africa

JOHANNESBURG, June 26 (Reuters) – The South African rand was little changed in early trade on Friday, holding steady even as a firmer dollar and subdued global risk appetite weighed on emerging-market currencies.

Geopolitical fragmentation is increasing interest in “friend-shoring” and supply chain diversification, creating opportunities for African economies to attract investment to manufacturing, logistics, agricultural processing, and renewable energy. Is the continent ready to further capitalise on the opportunities?

The critical role of the African Continental Free Trade Area (AfCFTA) in boosting intra-African commerce was high on the agenda at the Ninth Southern Africa Customs Union (SACU) Summit.

LONDON, June 26 (Reuters) – Fertiliser shipments through the Strait of Hormuz have begun picking up following an interim deal to end the Iran war, data showed, though analysts say it will take time before they return to pre-conflict levels and provide relief to the market.

CNBC Africa is joined by Marks Maponyane, Former Bafana Bafana Striker for this discussion.

The Democratic Republic of Congo is battling what has become the second-largest Ebola outbreak on record, with more than 1,100 confirmed cases and nearly 300 deaths. Unlike previous outbreaks, this one is caused by the Bundibugyo strain of the virus, for which there is currently no licensed vaccine or approved treatment.

The Nigerian National Petroleum Company issues a tender inviting bids for the new Cawthorne oil grade. Meanwhile, UN's International Maritime Organization has paused planned evacuation of sailors stranded in the Strait of Hormuz after a cargo ship passing through the waterway was attacked.

Joining CNBC Africa for more analysis is Craig Metherell, Equity Analyst, Denker Capital.

In January, after months of feuding, Fitch cut the African Export-Import Bank (Afreximbank) deep into junk territory and then withdrew its ratings altogether.1 The trigger was a US$750 million loan to Ghana that the International Monetary Fund (IMF) judged consistent with the rules governing sovereign restructurings.

In January, after months of feuding, Fitch cut the African Export-Import Bank (Afreximbank) deep into junk territory and then withdrew its ratings altogether.1 The trigger was a US$750 million loan to Ghana that the International Monetary Fund (IMF) judged consistent with the rules governing sovereign restructurings. That was evidence, Fitch decided, that the bank’s preferred-creditor […]