Africa business news cnbc

Here are some recent Africa business news stories from CNBC:

  1. Nigeria's economy grows 2.3% in Q1 2023: Nigeria's economy grew 2.3% in the first quarter of 2023, driven by a rebound in the oil sector, according to data from the National Bureau of Statistics. (Source: CNBC Africa)
  2. South Africa's rand strengthens against the dollar: The South African rand strengthened against the US dollar on Monday, driven by a decline in US Treasury yields and a rebound in the country's economy. (Source: CNBC Africa)
  3. Egypt's economy grows 3.5% in Q1 2023: Egypt's economy grew 3.5% in the first quarter of 2023, driven by a rebound in the tourism sector and a recovery in the construction industry, according to data from the Central Agency for Public Mobilization and Statistics. (Source: CNBC Africa)
  4. Kenya's Safaricom launches mobile money service in Tanzania: Kenya's Safaricom has launched a mobile money service in Tanzania, marking its entry into the East African country's financial services market. (Source: CNBC Africa)
  5. Ghana's gold production increases 12% in Q1 2023: Ghana's gold production increased 12% in the first quarter of 2023, driven by a rise in output from the country's major gold mines, according to data from the Ghana Chamber of Mines. (Source: CNBC Africa)
  6. Naspers sells stake in Russian tech firm Yandex: Naspers, a South African media and technology company, has sold its stake in Russian tech firm Yandex, citing the impact of Western sanctions on the company. (Source: CNBC Africa)
  7. Ethiopia's economy grows 8.5% in Q1 2023: Ethiopia's economy grew 8.5% in the first quarter of 2023, driven by a rebound in the agricultural sector and a recovery in the manufacturing industry, according to data from the Central Statistical Agency. (Source: CNBC Africa)
  8. Tanzania's economy grows 6.8% in Q1 2023: Tanzania's economy grew 6.8% in the first quarter of 2023, driven by a rebound in the mining sector and a recovery in the construction industry, according to data from the National Bureau of Statistics. (Source: CNBC Africa)
  9. Nigeria's inflation rate falls to 17.1% in May: Nigeria's inflation rate fell to 17.1% in May, driven by a decline in food prices and a rise in agricultural output, according to data from the National Bureau of Statistics. (Source: CNBC Africa)
  10. South Africa's MTN Group launches 5G network: South Africa's MTN Group has launched its 5G network, marking a major milestone in the country's transition to the next-generation wireless technology. (Source: CNBC Africa)

These are just a few examples of the many Africa business news stories that are reported on by CNBC.