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Airtel Africa shares drop further after Tuesday’s listing

Airtel Africa shares lost another 10 percent on its third trading session bringing its share price to 323 Naira 5 Kobo. Andrew Tsaku, Trader at Kapital Care Trust joins CNBC Africa for more.

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Inside an unassuming store in New York's Greenwich Village, around a dozen men unlock black briefcases, remove sports cards and begin to trade them -- a growing hobby and industry that has boomed during the pandemic.
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The €2.14 billion capital increase will shore up the German flag carrier's finances and help pay off a government bailout secured at the height of the COVID-19 pandemic.
4 Oct 2021
The Hong Kong Stock Exchange did not say why it has suspended trading in Evergrande shares, but there is speculation that another major developer may buy out the company's property management unit.
5 Oct 2021
Shares in Facebook slumped by almost five percent on Wall Street on Monday after its services – including Instagram and WhatsApp – were knocked offline for several hours by a technical problem. Technology shares in general saw a selloff too, including Facebook's rivals like Twitter. Around $6 billion was wiped off the personal fortune of CEO Mark Zuckerberg. Also today, oil prices have jumped after the latest decision by OPEC and its allies not to increase supplies at a faster pace.
14 Oct 2021
Nigerian artist Sly Megida has been using cryptocurrency platforms to sell his pieces after COVID-19 lockdowns and fluctations in the naira's value forced him to reconfigure his business. Nigeria's Central Bank barred local banks from working with cryptocurrencies in February, warning of "severe regulatory sanctions" and freezing accounts of firms it says are using them.
11 Nov 2021
The world's richest man sold about 900,000 shares of his company Tesla after asking Twitter followers whether he should sell 10% of his stocks. But documents showed the sale was put in motion much before the poll.
15 Nov 2021
The billionaire CEO of the electric car maker has taken advantage of a nearly six-month meteoric rally in the stock price that vaulted the firm's value to over $1 trillion.
21 Nov 2021
Following the opening ceremony for what was India's biggest-ever IPO, shares in mobile payment giant Paytm lost a quarter of their value.
3 Dec 2021
The Observers, we caught up with a Syrian migrant who filmed himself crossing the Maritsa river from Turkey to Greece, in order to reach the European Union. He recounts his various trials crossing the river and being confronted by Greek border guards. Then, we go to the United States, where an unprecedented number of people are quitting their jobs, after being fed up with corporate culture and work-life balance during the Covid-19 pandemic. They've shared their #QuitMyJob stories on TikTok.
13 Dec 2021
Shares in Evergrande tumbled as much as 19 percent on Monday in Hong Kong, after the Chinese property developer warned it might not have enough funds to repay its debt, prompting authorities to summon its chairman. A grace period expires on Monday for a coupon repayment worth over $82 million, pushing the company to the verge of default once again. Evergrande has already made three 11th-hour repayments in the past two months.
12 Dec 2021
Shares in the Chinese property company Kaisa have been suspended from trading in Hong Kong, as fears mount that the firm may be unable to make a $400 million debt payment due on Thursday. Kaisa is a much smaller player than the troubled giant Evergrande, but also has high levels of foreign debt. Also today, we look at how the United Arab Emirates has changed its working week to Monday-Friday to align with other international business hubs.