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20260806 023000 UTC
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[00:00:00] exchanges have role to play, by the time you take this commodities to the
[00:00:03] warehouse, the NCX Nigeria Commodity exchange or
[00:00:07] affects goes to the warehouse to issue electronic warehouse receipts that is
[00:00:10] tradeable on
[00:00:11] the on exchange, so it means that the flammers of Nigeria who want to
[00:00:15] buy, they stop disturbing themselves looking for grains, they can actually book on
[00:00:19] this exchange platform to say they want 40,00 tons of grains
[00:00:23] for
[00:00:24] of October, and because there's electric wires
[00:00:27] of you see that talks about that and collateral manages who could actually...
[00:00:35] they pay through the exchange, exchange takes their fees, they pay the agregator pays us back to
[00:00:39] loan that we
[00:00:39] get to the aggregator, so it's all ecosystem, and don't forget we have a
[00:00:43] parent ministry that gives us direction that sets the policy, which is the ministry
[00:00:47] of
[00:00:48] in agriculture, man by the minister of agriculture and food security
[00:00:53] of senator, so it's it's all working together as a collective, now we're going to be
[00:00:57] working
[00:00:57] you know in partnership with other um encies um
[00:01:01] to to to actually you know support you know what we do aside
[00:01:05] NCX we have in adf who trying
[00:01:08] of you know coop into the program to also bring financing for us to do this at skill because no
[00:01:12] matter the balance sheet that we have is never going to be enough and I'll give you
[00:01:16] an example
[00:01:17] Nigeria uh
[00:01:21] produces 11 million tons of
[00:01:23] of grains right government cannot fund 11 million tons of
[00:01:27] grands if you produce a ton of grain for maybe
[00:01:31] even 200 thousand right, you're talking about
[00:01:35] over two over 22 trillion, mean that's
[00:01:39] of that's you know um half of our budget, so it's always a
[00:01:42] concerted
[00:01:43] of effort, of we are constantly out there, road shows trying
[00:01:46] to um uh
[00:01:48] in raise development capital from mdbs,
[00:01:51] mfis, d fis even locally as well, we're constantly looking on mr
[00:01:55] president, to say through the ministry of finance and
[00:01:59] cbn we more financing for the sector, there stats that
[00:02:03] says Nigerian agriculture sector requires
[00:02:05] of over 10 billion dollars of investment every year for the next 15 years,
[00:02:09] so where
[00:02:10] of are we going to get that?
[00:02:11] of 10 billion dollars is you know uh 15 trillion, we're
[00:02:15] not we don't we don't have that in country, so it's our job to be on our
[00:02:19] in toes every single day, working it in our days to ensure that
[00:02:22] we you know
[00:02:22] we crowding money into the sector and we're doing it
[00:02:25] you know
[00:02:25] in a very transparent traceable manner, all this um
[00:02:29] of commodities
[00:02:30] of to be aggregated is is a technology rail, from the time of
[00:02:34] aggregation, the farmers are
[00:02:35] in not paid by the aggregators, they are paid into their bank
[00:02:39] account by the bank of agriculture, so it's a digital
[00:02:42] payment, and the way it works is an aggregator
[00:02:46] now becomes even a Boa, um account agent where you immediately open
[00:02:50] a bank account for the uh the the
[00:02:53] farmer, and by the time you know you punch in the
[00:02:57] in technology platform we provided that this person supplied you you know
[00:03:01] four tons of grains or 20 bags of maze for
[00:03:04] example, we verify through the collateral managers and mones get
[00:03:08] credited from the computer into the bank account
[00:03:11] of the farmer, so he's forced to use his card, and that
[00:03:14] card,
[00:03:15] you know, is something that we were able to do within the 12 month period
[00:03:18] where
[00:03:22] in we digital all our processes and we issue bank cards that is that is connected
[00:03:23] of to all the banks in
[00:03:24] in Nigeria and for even international transactions to every farmer,
[00:03:27] of meaning the first time in Nigeria that I actually would
[00:03:31] have a bank card which is not you know um a gt bank
[00:03:34] card or Zeny bank card but would have works like a GT bank card or any bank
[00:03:38] card and the last thing is his NIN number is imprited on that
[00:03:42] card so it means if the interventions maybe fertilizer for free
[00:03:46] from ministry of agriculture it can actually use his car to go and
[00:03:50] clean the fertilizer because you put it into a bank of agriculture POS
[00:03:53] system and you put the number the fertilizer and you get is your
[00:03:57] fertilizer also sounds really
[00:04:00] interesting, I must say, and we expectant
[00:04:04] and we expect that to work, and of course um,
[00:04:08] it's something that the farmers would really appreciate, because uh, we do
[00:04:12] of know that that guarantee uh is also
[00:04:14] in um security for them to go back to farm the
[00:04:18] next season, but thank you so much and we certainly wish you the very best in this program,
[00:04:22] managing director and chief executive officer
[00:04:25] of the bank of agriculture, mr. thank you for your
[00:04:28] time, before we go, Yes, before we go, can I say one more thing, please go
[00:04:32] ahead, um, we're not in the business of
[00:04:36] playing politics, right? farmers
[00:04:39] of might think, oh, you're giving it to x amount of farmers, you're not giving it to us,
[00:04:43] let's be honest with ourselves, give the bank a
[00:04:47] break and give us just sort of
[00:04:50] uh, an elastic you know
[00:04:53] uh um ruler
[00:04:54] of where watch us over a period of time, we've only been in operation properly for
[00:04:58] year, you can't expose. to fix the problem
[00:05:00] of the entire agriculture sector, and like I said, we have 70 million farmers,
[00:05:04] there's no
[00:05:05] of way the bank will finance 70 million farmers in a day, we finance
[00:05:09] 500 thousand farmers so far, our next you know ambition. planning
[00:05:12] is to move to 2 million farmers and after move to 2 million
[00:05:16] farmers we'll see you how we can cascade that to 5 million, 10 million
[00:05:20] farmers, but we're also limited with funding, we don't have all the moneys in the world, i've just done
[00:05:24] a mathematics for you of 622 trillion so it's very difficult, so i
[00:05:28] say that to just sort of say the farmers should please give us you know some
[00:05:32] sort of rope to actually continue to do our work, as i'm speaking to
[00:05:36] you, i'm not feeling very well because your body shots down working
[00:05:40] it in hour days, but needed to come here to actually speak to Nigerian farmers to
[00:05:44] appeal to them to just give the administration some sort of time to start
[00:05:48] to fix his problems. Food depension was 40%. In the year,
[00:05:52] Nigeria government has brought it down to 10%,
[00:05:54] 10.84%. So let's see how we can bring it down to
[00:05:58] 5% and maybe 1% in coming years. Thank you very
[00:06:01] much. All right, thank you, and I'm sure the farmers hear you and thank you so
[00:06:05] much uh for your time and sharing all of
[00:06:08] that we expectant as
[00:06:09] I said earlier and we will be following this program. of this
[00:06:13] program, thank
[00:06:15] you. All right, now despite growing global economic
[00:06:19] uncertainty, the director general the World Trade Organization, Dr.
[00:06:23] Ngokunj Weller says that global trade remains resilient,
[00:06:27] offering countries like Nigeria, a unique opportunity to
[00:06:30] dipen reforms and attract investment. She made remarks
[00:06:34] a symposium hosted by commercial law firm
[00:06:38] streams s streams
[00:06:41] sers and horn where business leaders, policymakers, investors
[00:06:45] examine strategies to strengthen Nigeria's
[00:06:48] economy and position the country as Africa's leading
[00:06:52] investment have
[00:06:53] destination. to
[00:06:56] if we leading commercial law firms towers and convenient
[00:07:00] international trade leaders, top business
[00:07:03] executives, regulators,
[00:07:05] investors, senior legal practitioners to
[00:07:09] examine strategies for strengthening Nigeria
[00:07:12] economy and positioning the country as
[00:07:15] Africa's leading investment destination, the biggest
[00:07:19] economics, the symposium, which forms part of activities
[00:07:23] marking the firm's 20th anniversary is also focusing
[00:07:27] on practical policy, legal and regulatory solutions
[00:07:31] aimed at improving Nigeria's investment climate and
[00:07:35] made increasingly volatile global economic
[00:07:38] environment, the
[00:07:42] theme the event is Nigeria's path economic resilience
[00:07:46] and investment leadership a volatile global environment
[00:07:50] and organizers discuss on how Nigeria can attract
[00:07:54] greater investment, strengthen economic resilience and
[00:07:58] unlock opportunities under the African Continental
[00:08:02] free trade area. We chose this topic, we will have chosen
[00:08:05] lot topic, but we said
[00:08:09] august we are going to Portacot. we talking lot of
[00:08:13] law, let's talk about something else that we think is there to
[00:08:17] us, even as lawyers, because trade
[00:08:21] helps to build breaches between nations, helps to
[00:08:25] strengthen relationships, and that's why we've chosen the topic
[00:08:28] Nigeria's part economic team, nigerian part economic
[00:08:32] resilience and investment leadership a volatile global
[00:08:36] environment, a fireside chart, director general
[00:08:39] the world trade organization with the special guest
[00:08:43] acknowledges the shock over global crisis, but reassures
[00:08:47] that such hasn't affected world trade. when you are
[00:08:50] providing services electronically to some
[00:08:54] customer somewhere, you're trading and
[00:08:58] it's categorized as digitally delivered services trade,
[00:09:02] consulting services. it is the fastest growing
[00:09:05] segment of trade at six, almost 6% per
[00:09:08] year, and the reason I'm excited about it,
[00:09:13] is if you look at the type of people who are involved, younger
[00:09:16] people, women, this
[00:09:20] provides them the means with which they can trade and reach
[00:09:24] other parts the world a way that
[00:09:28] perhaps they were not able to do before. in her
[00:09:31] remarks, the key note speaker says the current economic
[00:09:35] reforms are tough, but necessary step to
[00:09:39] governize the country's economic recovery. there's
[00:09:42] painful reforms that have been done, but those reforms are
[00:09:46] necessary to provide the foundation for the
[00:09:50] resilience that the private sector then needs to build
[00:09:53] on. Nigeria's rating has already been
[00:09:57] improved. Nigeria's outlook has been rated as
[00:10:00] stable, that from sovering perspective now
[00:10:04] needs to translate into board rooms, where that value
[00:10:08] is translated to and great returns for governance that the
[00:10:12] public. that the private sector can then benefit
[00:10:15] from. the highlights the program is
[00:10:18] session to discuss how the three founding partners came
[00:10:22] together to form streamsowers and conne. they emphasizing that
[00:10:26] while it wasn't a walk in the park, coming together to b what has
[00:10:29] eventually formed umbrella for many partners, it was a
[00:10:33] partnership built in trust and
[00:10:35] determination.
[00:10:40] all right, let's talk about uh digital health supply
[00:10:43] innovation and um well reports
[00:10:46] indicates that um South Africa, Nigeria, Kenya and
[00:10:50] Egypt, um, they account for about 60% of all
[00:10:54] health supply. chain innovate innovators are
[00:10:57] headquartered in Africa with nearly
[00:11:00] 350 innovators identified
[00:11:04] across the continent, I'm glad Nigeria is mentioned there, but I
[00:11:08] mean the question is, and so what, what has it done to
[00:11:11] the economy um a country like Nigeria? We have our Director
[00:11:15] Supply Chain assaalient advisory Mr.ye right here in the
[00:11:19] studio, good morning, welcome to the program, good morning, so good to be here with
[00:11:23] you, good to have you, so numbers are good, Nigeria is part of
[00:11:27] those controlling 60%, yeah, but then what's the impact?
[00:11:31] Well, um, we can't, there there's no available data per
[00:11:35] say, just to see the economic impact, but what we've seen so far,
[00:11:38] especially in the ecosystems with these countries, first of all, the fact
[00:11:42] that those innovators are based in on the continent are actually building
[00:11:46] the solutions on the for the African context, um, we
[00:11:50] can't apply the same context across uh
[00:11:53] different. geographic locations across the
[00:11:56] world, but because they are based here, they build for that
[00:12:00] context. what we are seeing right now is a 30% reduction
[00:12:03] in uh the cost of distribution across some these markets
[00:12:07] average because the innovations that are coming in, and we actually
[00:12:11] seen a significant impact on the uh
[00:12:14] impact, the impact of uh counterfits, which which
[00:12:18] actually cost lot of informations that are dealing with
[00:12:22] counterfits, exactly
[00:12:24] we have. mobile mobile tech
[00:12:27] uh uh serilization uh technologies, we have track and trace technologies are
[00:12:31] actually uh dealing with the counterfits, because counterfits they feel the
[00:12:34] pipeline and this this uh uh accounts for significant
[00:12:38] losses uh for the players in the market, not to talk about uh impacts
[00:12:42] on our health, exactly uh so we
[00:12:46] we are starting to study this and this actually is documented in our uh
[00:12:50] report, AI in health supply chain report where we actually look
[00:12:53] at all the innovators across board, we looked at 20,
[00:12:57] we followed about 20 main innovators that are actually working
[00:13:01] across the supply chain value chain, but you also did say in your report that
[00:13:05] the 20 are disconnected. okay, so on the
[00:13:08] disconnection, i think that was referring to the makins report, which
[00:13:12] was the fragmentation of uh across the
[00:13:16] value chain, now that report actually previously
[00:13:20] pointed to nine different supply chains in Nigeria in the healthcare
[00:13:23] sector,
[00:13:24] you can imagine the inefficiency that came with that, but now that we have the national
[00:13:28] supply chain uh uh project, national supply
[00:13:32] chain integration project uh led by the ministry of health right now, we
[00:13:36] are seeing that being collapsed into a more efficient
[00:13:40] uh supply chain across the health sector um uh in Nigeria
[00:13:43] specifically. what about connecting the continents?
[00:13:47] well um connecting the continents in what context? mean with the
[00:13:51] supply chain, yes so we don't as Nigeria
[00:14:03] countries, exactly, so there are
[00:14:05] uh there's an initiative being run by the Africa CDC uh
[00:14:09] to champion local manufacturing across the continent uh
[00:14:13] you can imagine the impact during the pandemic where
[00:14:16] we were we didn't have access to uh immediate access to life saving
[00:14:20] medicines and those interventions uh pointing
[00:14:24] cases uh pvac right now, the presidential initiative right now that is
[00:14:27] actually bringing local manufacturing into
[00:14:31] Nigeria where Nigeria becomes hub uh for
[00:14:35] WHO certified uh products uh medicines
[00:14:38] to serve uh our community at lower cost, which
[00:14:42] is with the partnership with PMG MAN
[00:14:46] and other players to bring down cost that to ensure
[00:14:50] that accessibility is not impacted uh across the value
[00:14:53] chain, so lot of... just taking it back
[00:14:57] slightly uh to um the healthtech
[00:15:00] innovations um part of our report on AI and healthtech in in
[00:15:04] supply chains um actually you can marry it
[00:15:07] with another report that we did on innovators about 350
[00:15:11] innovators in uh uh sub saharan africa that
[00:15:15] actually fixing the entire end to end value chain one
[00:15:19] they're looking at issues on our demand forecasting, inventory
[00:15:22] management uh looking at procurement processes to try to
[00:15:26] simplify and make them more efficient, because again,
[00:15:30] without these interventions, you're seeing increase costs which
[00:15:34] lead to increase costs for these medicines. and then
[00:15:38] it becomes accessibility issue, this is where counterfits usually come
[00:15:42] in, and um advisor is saying AI has solution to
[00:15:46] everything uh, the bottlenecks, the
[00:15:49] disconnection, yes and this 350 innovators are
[00:15:52] they working together, they are working together,
[00:15:55] so they not on the platform, they are across uh they
[00:15:58] they they speak to different the
[00:16:02] supply chain exactly, specifically our report looks at
[00:16:06] the end to end value. chain from - from demand from planning
[00:16:10] uh to sourcing and procurement to manufacturing to distribution and
[00:16:14] logistics uh to demand forecasting, yes, so on
[00:16:18] the demand forecasting side uh the solutions we're looking at
[00:16:20] for example we showcased two um
[00:16:24] innovators um one in
[00:16:26] Ethiopia uh one in Kenya in Kenya in supply
[00:16:30] labs um was actually able to cut down
[00:16:34] procurement time from about three days to one hour.
[00:16:37] right um from integrating the their systems and
[00:16:41] systems and automating their processes um we also
[00:16:45] have uh another um innovator
[00:16:49] that we we showcased in Kenya that was in Ethiopia
[00:16:52] sorry that was uh able to actually take about
[00:16:56] 38 million dollars on procurement spend actually
[00:17:00] reduce it all of this is private sector drive yeah exactly and
[00:17:04] not with the government not not public sector and that is
[00:17:07] where the next discussion goes is how do we bridge this gap,
[00:17:11] exactly, because you really need the government if you want to do the
[00:17:14] huge, exactly bring the gap, so impact is usually
[00:17:18] going to be felt best in the public sector, right?
[00:17:22] uh, and that is where you know we also, addition to the
[00:17:26] AI in supply chain, in supply chain report we did, we actually
[00:17:30] have a program called i3 where we bring innovators
[00:17:33] and funders to ensure that the innovators are showcased. and have
[00:17:37] the funding to build their solutions, but what is happening now, what we are seeing is
[00:17:41] that they're not building for the public sector, they're building for the private
[00:17:45] sector, and this is where we need the government to actually come
[00:17:48] have pvak here, exactly, so I think you guys should reach out to pvak, no we are working with
[00:17:52] pvak, so with that we should
[00:17:54] be able to bring the public sector, bring them a bit a bit and exactly,
[00:17:58] we're working across board, all right, thank you so much, director
[00:18:02] of supply chain atvisory, thank you for your time, thank you so much in, it's my
[00:18:06] pleasure being here. Let's go
[00:18:08] global.
[00:18:16] All right, let's check, get a check now on the global economy, we see SpaceX that delivered
[00:18:20] a strong second quarter earning report uh, beating Wall Street's revenue
[00:18:24] expectation posting much smaller than expected loss,
[00:18:28] but despite impressive growth in Starlink and its AI
[00:18:31] business uh, investors focus on one
[00:18:34] thing, soaring capital. spending if you put
[00:18:38] up uh the data for me now we see the earnings from yesterday that's the
[00:18:42] q2 earnings uh for spacex uh we see that um
[00:18:46] it's quite impressive you looking at the revenue the company made all right joining me now
[00:18:50] is daniel is a senior research analyst
[00:18:54] at bamboo joins me via zoom great to have you on the show
[00:18:58] thank you so much for good morning good morning so we see
[00:19:01] spacex they delivered quite an impressive uh report
[00:19:05] there you seen their revenue beat uh, but when it comes to
[00:19:09] that AI spend, uh, we see there's still issue there, they're spending lot on
[00:19:13] AI, how do you see
[00:19:14] the the earnings? yes, they are spending lot on
[00:19:18] AI, so the company reported second quarter earnings of around
[00:19:22] 8 billion dollars and we're seeing double digit growth
[00:19:26] across all their core segments, so space, connectivity and
[00:19:30] also AI, but then what investors are really paying attention to
[00:19:34] is the capital expenditure, so the company is guiding to about
[00:19:37] 18 billion dollars this year or so far for
[00:19:41] KPEX, 15 billion of that going directly towards AI,
[00:19:45] and then the market sensorment generally is around, okay, when do we
[00:19:49] begin to see the impact of this spending? the
[00:19:53] company did still report a loss of around 541 million
[00:19:56] dollars, so it is still not a profitable company, and the
[00:20:00] profits that were expecting are not coming anytime soon, so
[00:20:04] investors are really starting to ask the question that if you're spending billion
[00:20:08] dollars, 15 billion of that going towards AI, when are we
[00:20:12] going to see that reflect on the income statement? all right, and
[00:20:16] we did see um the share price that's for after hours
[00:20:19] trading uh for spacex that that dropped
[00:20:23] about um 8%, but it did close in the green, that's for
[00:20:26] regular um trading hours, that's looking at the the trading uh
[00:20:30] for spacex, yes it closed
[00:20:32] $125.33 up about
[00:20:35] 10%, but
[00:20:37] at after
[00:20:38] you know the investors read the deeper into the earnings
[00:20:42] uh post-market trading there it did drop you know what what
[00:20:46] is that telling us this
[00:20:47] you know point yeah so it's to... things: so first of
[00:20:51] all, yes, the stock did rally into the close
[00:20:54] last night, and that's because
[00:20:56] you know it's spacex, there was an anticipation that earnings were going to be
[00:21:00] good, elon musk himself tweeted something to that effect, but then when the
[00:21:04] financial statements actually dropped and we're seeing the level of
[00:21:08] spending going towards AI, it's number one, it's concerning, and
[00:21:12] then with spacex there's another thing you have to look out for and that
[00:21:14] is the expiry the local period, so
[00:21:18] typically when a company. goes to IPO, insiders,
[00:21:21] employees, some early investors, their shares
[00:21:25] are locked up so they're not allowed to sell immediately after the IPO to the new
[00:21:29] buyers. now SpaceX did something interesting,
[00:21:32] so instead of like set period, let's say
[00:21:34] in November, everybody can sell their shares, they decided to do a
[00:21:38] stuggard um release, so
[00:21:41] by tomorrow 20% the total available
[00:21:45] supply of those shares is going to be unlocked and the market is expecting
[00:21:49] some se for context, spacex has around 200
[00:21:53] and maybe 81 million shares available for trading, by
[00:21:56] tomorrow another 900 million shares are going
[00:21:59] to be available for trading, and stock prices responds to the law of
[00:22:03] demand and supply, so if the man stays flat or falls
[00:22:07] and then we have this supply of new shares unlocked coming into the
[00:22:11] market, there's an expectation that there's going to be some selling pressure, now
[00:22:14] whether those early investors and employees and insiders are actually going to
[00:22:18] sell is up for debate, but the market is expecting that, and
[00:22:22] because there's that expectation, you know, the price is
[00:22:26] reflecting that there's anxiety over new shares coming onto the markets
[00:22:30] and potentially being sold, right? it almost seems like short
[00:22:33] is the right trade um at this point, but Starly
[00:22:37] continues to be SpaceX's largest revenue um engine, so it
[00:22:41] seems uh subscriber growth, that should be
[00:22:44] important, enterprise adoption to sustaining future
[00:22:47] earnings, is that what you're seeing? Yes, so that is
[00:22:51] what we're seeing, so SpaceX, when you break down the different
[00:22:55] components their revenue, Starling continues to provide
[00:22:59] more than half the revenue and half the profits, around
[00:23:02] 4.2 billion dollars in the quarter, we also saw that
[00:23:06] subscribers drew almost double, in fact double
[00:23:09] over the reporting period, so they now have around 12 million
[00:23:12] subscribers, and then the key part to pay attention to
[00:23:16] is actually enterprise adoption, because that's where um... they believe
[00:23:20] that the majority of future revenue is going to come in, the context being that
[00:23:24] the average revenue per user for Starlink is around
[00:23:27] 666, last year it was around
[00:23:30] 85. now that number has come down because as spacex is
[00:23:34] trying to grow their subscribers, they are going into other markets and
[00:23:38] they have to lower their pricing to be competitive in those markets. now we
[00:23:42] don't see that same dynamic when it comes to the enterprise adoption, they did
[00:23:46] close a 6 billion dollar contract with the US space force for.
[00:23:50] customized
[00:23:51] you know uh satellite network, but also seeing that the
[00:23:55] reported partnerships with American Airlines with jet blue with
[00:23:58] southwest and they're also doing partnerships with T-Mobile as well, so they
[00:24:02] do believe that enterprise adoption is really important and when you even
[00:24:06] break down the capex spend next to
[00:24:09] AI,
[00:24:10] you know space and starling takes you know the bulk the money and
[00:24:14] everything around how SpaceX is operating their business shows that they do
[00:24:18] believe that Starlink is going to be continuous driver of revenue, so
[00:24:22] we see that lot of spending is going towards there even when you think about the
[00:24:25] rockets as well, everyone understands that spacex is a company that launches
[00:24:29] rockets, but then they did let's say 38 launches last
[00:24:33] quarter, 28 of those launches were to put more satellites
[00:24:37] in orbit, so we do see that there's an understanding within the company
[00:24:40] that look right, starling is continue being our growth engine and be should
[00:24:44] you double down on that right, well all eyes on spacex
[00:24:48] after that mon IPO, thank you so much,
[00:24:52] uh,
[00:24:53] um, Daniel Mobalachi, senior research analyst, Bamboo, thank you for comming
[00:24:56] today, thank you for having me. All right, let's get a check on all the
[00:25:00] stories now, we see Honda have kicked off its new financial year a strong
[00:25:03] note, reporting first quarter revenue and profit well ahead of a market
[00:25:07] expectations, while raising its full-year um earnings outlook, the Japanese
[00:25:11] automaker posted its first quarterly profit um increase in six quarters
[00:25:15] driven by strong uh motorcycle sales, improve performance in its
[00:25:19] automobile. uh business and a weaker yen, despite ongoing challenges
[00:25:23] in China and a global shift in the electric vehicle market, Honda says it
[00:25:27] remains confident about the rest the year as it focuses on
[00:25:30] profitability and a growing hybrid vehicle lineup. Then to
[00:25:34] farmer now Novo Nordisk, they raised their full-year earnings um outlook
[00:25:38] after delivering stronger than expected second quarter results, but
[00:25:42] that wasn't enough to - reassure investors shares the Danish um
[00:25:46] drug maker fell sharply after sales of its blockbuster weight.
[00:25:49] pegovi narrowly miss expectations while
[00:25:53] disappointing clinical trial results for its next generation
[00:25:57] morbesity treatment uh raised fresh
[00:26:00] concerns about his competitive uh position
[00:26:04] against Eli Lily. The results highlights are the growing pressure and the fast
[00:26:07] expanding global obesity drug market where innovation and
[00:26:11] execution are becoming just as important as strong
[00:26:15] earnings.
[00:26:15] I see Siemens Energy, they've delivered another strong quarter beating analys
[00:26:19] expectation on both profit and revenue as booming demand for AI
[00:26:23] data centers and power infrastructure that's fueled um record sales, the
[00:26:27] German energy technology company reported a sharp rise earnings
[00:26:31] striving by strong orders for gas turbines
[00:26:34] and that's what's hot in the global economy, it's back to
[00:26:38] any,
[00:26:45] thank you, lady, and just before we head out, we go to the market and see
[00:26:48] sustained red color in the market this morning, the elsia has dropped
[00:26:52] 0.02%, still around
[00:26:55] 244, and uh japal gold is still
[00:26:59] in the red as well as first all co among oters a little
[00:27:03] bit of recovery and access holdings, but they not enough to bring it back to
[00:27:06] where uh it used to be. Airtel Africa
[00:27:10] is positive this morning as well as Triple G, but you
[00:27:13] get uh more details and uh highlighted numbers or
[00:27:17] updated numbers at 1:30 when Lady Williams will be
[00:27:21] back and that's it for business