Jennifer Zabasajja

South Africa

Correspondent at Bloomberg TV (Bloomberg Surveillance)

Correspondent & Anchor @bloombergtv | Born in the South, raised in the desert, living in the city | 🇺🇬 First-generation 🇺🇸| Instagam: @therealjennz

Articles

African Tycoon Elumelu Says Nigeria’s Currency Becoming Stable

2 weeks ago | bloomberg.com | Prinesha Naidoo |Emele Onu |Jennifer Zabasajja

Tony Elumelu(Bloomberg) -- Nigeria’s currency has been stable in recent months, allowing investors to better plan for activities in Africa’s most populous nation, according to tycoon Tony Elumelu. The naira has hovered between 1,588 and 1,611 per dollar this month, after facing recurrent volatility from 2023 because of devaluations intended to lure inflows and end dollar shortages in Nigeria.
Nigerian Sovereign Fund Boosts Exposure to Asia, European Assets

2 weeks ago | bloomberg.com | Anthony Osae-Brown |Jennifer Zabasajja |Joumanna Bercetche

Aminu Umar-Sadiq in Doha, on May 20. (Bloomberg) -- Nigeria’s sovereign wealth fund reduced its exposure to the US at the beginning of this year and bought other investments to diversify its portfolio.
Bank of Uganda Buys $1.5 Billion, Uses FX Swaps to Grow Reserves

3 weeks ago | bloomberg.com | Fred Ojambo |Jennifer Zabasajja

(Bloomberg) -- The Bank of Uganda has bought $1.5 billion from the market this fiscal year and used currency swaps to rebuild its foreign-exchange reserves after they were drained by an aid freeze and debt repayments. “We have taken extraordinary measures,” Governor Michael Atingi-Ego said in an interview with Bloomberg TV.
Ghana’s Mahama Fine Tuning Regime to Accelerate Crude Extraction

3 weeks ago | bloomberg.com | Jennifer Zabasajja |Kamailoudini Tagba |Ekow Dontoh

John Mahama(Bloomberg) -- Ghana is encouraging investors to get the country’s crude out of the ground to avoid the assets from getting stranded amid a global decarbonization push. The government is ready to roll out the “red carpet” to any investor prepared to drill and pump crude, President John Mahama said at the Africa CEO Forum in Abidjan, Ivory Coast’s commercial capital, on Tuesday. “Oil is in transition and so anybody who has any assets should be pumping like there’s no tomorrow,” he said.
South Africa’s Second-Biggest Party Rules Out Coalition Exit

1 month ago | bloomberg.com | Mike Cohen |Jennifer Zabasajja

John Steenhuisen(Bloomberg) -- The leader of South Africa’s Democratic Alliance said his party remains committed to being part of the nation’s coalition government despite ongoing wrangling over key policies and legislation, and has no intention of walking away. “We’re not going to leave the government of national unity,” and that view is shared by the DA’s entire top leadership, John Steenhuisen said in an interview in Bloomberg’s Johannesburg offices on Friday.
Kenya’s Central Bank Is ‘Actively Considering’ Buying Gold (1)

1 month ago | news.bloomberglaw.com | Jennifer Zabasajja |David Herbling

Kenya is considering adding gold to its reserves to diversify its foreign-exchange holdings beyond the dollar and other currencies, according to its central bank governor. “We have basically a group that is looking at the feasibility of doing it and yes, that’s something that we’re actively considering,” Kamau Thugge said Thursday in an interview with Bloomberg TV in Washington on the sidelines of the International Monetary Fund and World Bank Spring Meetings.
Auch Kenia denkt an Goldkäufe - und will frisches Geld vom IWF

1 month ago | bloomberg.com | Jennifer Zabasajja |David Herbling

Have a confidential tip for our reporters? Before it’s here, it’s on the
Kenya Central Bank is ‘Actively Considering’ Buying Gold

1 month ago | news.bloomberglaw.com | Jennifer Zabasajja |David Herbling

Kenya is considering adding gold to its reserves to diversify its foreign exchange holdings beyond the US dollar and other currencies, according to the country’s central bank governor. “We have basically a group that is looking at the feasibility of doing it and yes, that’s something that we’re actively considering,” Kamau Thugge said Thursday in an interview with Bloomberg TV in Washington, on the sidelines of the International Monetary Fund and World Bank Spring Meetings.
South Africa’s Godongwana Says He Won’t Resign Over VAT U-Turn

1 month ago | news.bloombergtax.com | Jennifer Zabasajja

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
South Africa’s Godongwana Says He Won’t Resign Over VAT U-Turn

1 month ago | news.bloomberglaw.com | Jennifer Zabasajja

South African Finance Minister Enoch Godongwana said he sees no reason to resign following his U-turn on a proposed tax increase that threatened to rupture the nation’s coalition government. Godongwana faced calls from some opposition parties to step down after he scrapped a proposed increase in the value-added tax. The reversal came days after he said he sees no alternative to the increase, which was set to raise the levy to 15.5% from 15% on May 1. Enoch Godongwana Photographer: Tierney L.