Kenneth Igbomor
Market Editor West Africa at CNBC Africa | Agric-Economist | Business News Anchor | TV News Producer | Media Manager | C-Suite Stakeholder Management | Corporate Communications | Media Trainer | Storyteller
- Report this post
Earlier today I had the pleasure of joining @gmutizwa to interview the newly appointed Secretary-General of the #AfCFTA Wamkele Mene on CNBC Africa Godfrey wants the AfCFTA to adopt the South African Rand as the official currency for trade.. Your thoughts? #Trade #regionalintegration #covidー19 #Africa
36
7 Comments
Dr Emmanuel Owusu-Sekyere
Director, Research, Policy, and Programs, African Center for Economic Transformation
3y
- Report this comment
Dominating the entire continent with one country's currency makes the entire continent vulnerable to changes in the dynamics in the socio, micro and macroeconomic fundamentals of the chosen country. The suggested country in this case is currently going through a recession and has very tough economic outlook ahead of it, at least for the next 5 years.
1Reaction 2Reactions
Dr Emmanuel Owusu-Sekyere
Director, Research, Policy, and Programs, African Center for Economic Transformation
3y
- Report this comment
One of the key opportunities the AfCFTA gives us is the fact that we can trade in our respective currencies and not the U.S dollar. This is one of the pillars of China's Belt and Road initiative with Africa. Trading in our respective currencies will give a great boost to our economies and free us from the over-dollarization of our respective economies. Regional growth will then be more real!! It will not be wise to dominate the continent once again with one country's currency.
1Reaction 2Reactions
Andrew Jason
Managing Director @ MPH Railway Group
3y
- Report this comment
Rand? I see many regions across Africa particularly Western African countries rejecting this when it really comes down to it, a new singular currency would be more readily accepted. Aj.
2Reactions 3Reactions
OYELAJA OLUWASEUN
Country Manager at Yest & Spoc
3y
- Report this comment
I think the step towards having an official currency is right, however the basis of choosing/selecting a currency should be a factor of regional gains for independent nations and not personal. In my opinion, going ahead to adopt an existing currency could be hazardous to other markets should there be a future fallout in the future just like "Brexit case". Imagine having to have used the British Pounds as the official currency back then. What a costly blow that would be for the EU.
5Reactions 6Reactions
Muhtari Adanan
'Top 100 most innovative ESG AI' | Global 'Future 40' | '1st AI VC' | Creating value from AI through innovation...
3y
- Report this comment
Regional market integration (CFTA) is a prerequisite for fostering tech giants - FAMGA’s market cap is equal to the next 24 largest public companies combined, including Berkshire Hathaway, JPMorgan, Pepsi, Merck...
2Reactions 3Reactions
Anthony Awasom
AfrOptimist/Pan-African API Infrastructure/Crossborder Trade & Payments/B2B/AfCFTA/Agenda2063
3y
- Report this comment
Kenneth, let's explore the potential of a digital currency (Rand) for #AFCFTA.
1Reaction 2Reactions
To view or add a comment, sign in
More Relevant Posts
-
Kenneth Igbomor
Market Editor West Africa at CNBC Africa | Agric-Economist | Business News Anchor | TV News Producer | Media Manager | C-Suite Stakeholder Management | Corporate Communications | Media Trainer | Storyteller
- Report this post
Zenith Bank CEO speaks on performance, digital enterprise framework - CNBC Africa cnbcafrica.comICYMI - I recently had a chat with the outgoing Group Managing Director and CEO of Zenith Bank, Ebenezer Onyeagwu on the bank’s 2023 full year results. We also spoke about Ebenezer‘s tenure at the helm of Zenith and the legacy he will be leaving behind after 5 years. #cnbcafrica #zenithbank Full interview https://lnkd.in/dj-9DUG7
18
Like CommentTo view or add a comment, sign in
-
Kenneth Igbomor
Market Editor West Africa at CNBC Africa | Agric-Economist | Business News Anchor | TV News Producer | Media Manager | C-Suite Stakeholder Management | Corporate Communications | Media Trainer | Storyteller
- Report this post
On the story of the day, I speak to Landmark Group CEO on the plans by the government to build a coastal high way that could lead to the demolition of his beach resort that has seen investment to the tune of over $100mn over the years.
30
Like CommentTo view or add a comment, sign in
-
Kenneth Igbomor
Market Editor West Africa at CNBC Africa | Agric-Economist | Business News Anchor | TV News Producer | Media Manager | C-Suite Stakeholder Management | Corporate Communications | Media Trainer | Storyteller
- Report this post
Landmark’s Onwuanibe speaks to impact of Nigeria’s coastal road project - CNBC Africa cnbcafrica.comToday I had a sit down with the CEO of the Landmark Group Paul Onwuanibe to discuss the options for the company, as the Goverment of Lagos state plans to demolish the company’s beach resort to pave the way for a coastal highway. #Lagos #tourism #RealEstate #Nigeria #LandmarkGroup #cnbcafricaLink to full interview
26
Like CommentTo view or add a comment, sign in
-
Kenneth Igbomor
Market Editor West Africa at CNBC Africa | Agric-Economist | Business News Anchor | TV News Producer | Media Manager | C-Suite Stakeholder Management | Corporate Communications | Media Trainer | Storyteller
- Report this post
Story of the day: April 2nd, 2024 - 44-year-old Bassirou Diomaye Faye becomes Senegal's president - Appoints political ally Sonko as Prime Minister #Senegal #Africa #cnbcafrica
50
6 Comments
Like CommentTo view or add a comment, sign in
-
Kenneth Igbomor
Market Editor West Africa at CNBC Africa | Agric-Economist | Business News Anchor | TV News Producer | Media Manager | C-Suite Stakeholder Management | Corporate Communications | Media Trainer | Storyteller
- Report this post
My interview with Cadbury Nigeria MD earlier today. Shareholders of the company approved the conversion of an outstanding intercompany loan of $7.718 million (₦7.036 billion) owed to its majority shareholder, Cadbury Schweppes Overseas Limited, to equity. The shareholders gave Cadbury Nigeria the nod at an Extraordinary General Meeting (EGM), which took place on 8 February 2024 in Lagos.Full interview https://lnkd.in/dnmVaqTV
14
Like CommentTo view or add a comment, sign in
-
Kenneth Igbomor
Market Editor West Africa at CNBC Africa | Agric-Economist | Business News Anchor | TV News Producer | Media Manager | C-Suite Stakeholder Management | Corporate Communications | Media Trainer | Storyteller
- Report this post
My interview with the " Time Travelling Economist" Charlie Robertson on the recent cracks in ECOWAS. CNBC Africa #ECOWAS #Niger #Mali #burkinafaso #Africa https://lnkd.in/d_msREHF
18
Like CommentTo view or add a comment, sign in
-
Kenneth Igbomor
Market Editor West Africa at CNBC Africa | Agric-Economist | Business News Anchor | TV News Producer | Media Manager | C-Suite Stakeholder Management | Corporate Communications | Media Trainer | Storyteller
- Report this post
On the sidelines of the World Economic Forum in Davos, I hosted the technology panel for the Africa House Summit. The Focus was on Artificial Inteligence, Blockchain, Asset Tokenization and Innovation and how Africa should embrace and create the future. My Panelists Dr. Iqbal Surve, Chairman Sekunjalo Investments, Will Adam, Executive Director MatterFi Michelle Chivunga, CEO and Founder, Global Policy House, Professor Vukosi Marivate, Co-founder, Lelapa AI, Masakhane Research Foundation, and Learning Indaba, Karel Janeček, Founder & Chairman, Institute H21#wef2024 #Davos #technology #Africa #ai #Tokenization #Blockchain #Innovation #cnbcafrica
24
Like CommentTo view or add a comment, sign in
-
Kenneth Igbomor
Market Editor West Africa at CNBC Africa | Agric-Economist | Business News Anchor | TV News Producer | Media Manager | C-Suite Stakeholder Management | Corporate Communications | Media Trainer | Storyteller
- Report this post
A quick recap of our coverage today.. Enjoy! CNBC Africa #
15
Like CommentTo view or add a comment, sign in
15,588 followers
- 3000+ Posts
- 4 Articles
View Profile
FollowMore from this author
- ZUMA QUITS Kenneth Igbomor 6y
- Breakdown of CBN's flexible FX policy Kenneth Igbomor 7y
- Quotes from Lagos State Governor's CNBC Africa interview #AmbodeQuotes Kenneth Igbomor 8y
Explore topics
- Sales
- Marketing
- Business Administration
- HR Management
- Content Management
- Engineering
- Soft Skills
- See All
