Samuel Kantai - Profile and Journalist Details
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Get connected with journalists todaySamuel Kantai
Verified
Business Editor, CGTN Africa
Nairobi
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Content
By Samuel Kantai Verified| CGTN Africa Verified Read 2 minutesInternational investors purchased more than 800 million U.S. dollars in Egyptian government Treasury bills on Thursday, a day after the country devalued its local currency and increased its main lending rate by 600 basis points to 27.25 percent. The Egyptian pound dropped from a level of 30 pounds per dollar to 49.50. Traders said the surprise move by the Central Bank of Egypt on Wednesday injected much-needed investor confidence.
By Samuel Kantai Verified| CGTN Africa Verified Read < 1 minuteAirtel Uganda’s share price so far remains unchanged from Monday’s Initial Public Offer price of 100 Uganda shillings (15.13 U.S. dollars). Investors maintained a cautious approach to the stock whose offer was undersubscribed at 54.5 percent of the 8 billion shares floated on the market. Seemingly, even the offer of 10 shares for every 100 shares applied for by retail investors buying more than 2,500 shares during the IPO, failed to attract full subscription.
By Samuel Kantai Verified| CGTN Africa Verified Read 2 minutesInternational investors purchased more than 800 million U.S. dollars in Egyptian government Treasury bills on Thursday, a day after the country devalued its local currency and increased its main lending rate by 600 basis points to 27.25 percent. The Egyptian pound dropped from a level of 30 pounds per dollar to 49.50. Traders said the surprise move by the Central Bank of Egypt on Wednesday injected much-needed investor confidence.
Company Info
CGTN Africa
CGTN, or China Global Television Network, is an international media organization based in Beijing, China. Launched on December 31, 2016, CGTN aims to enhance China's global media presence and promote cultural exchanges. The network provides accurate and timely news coverage, offering diverse perspectives to audiences worldwide. CGTN operates multiple television channels available in over 160 countries, broadcasting in languages such as Arabic, English, French, Spanish, Russian, and Chinese. Its programming includes news, current affairs documentaries, and magazine shows. The network has received several awards for its content, including the Gold Camera Award for Best Current Affairs Documentary and a Television Emmy for magazine show content. CGTN is owned by China Media Group and has production centers in Nairobi, Washington D.C., and London, employing a diverse team of media professionals.
Founded: 2016