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What’s next for coronavirus stimulus after lawmakers leave D.C. with no deal: CNBC After Hours
CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, CNBC's Eamon Javers breaks down what to watch as lawmakers leave D.C. without reaching a deal on a new round of economic relief for the coronavirus pandem
Can Walmart Catch Amazon In E-commerce?
From partnering with Instacart to launching Walmart+ as a competitor to Prime, here are all the ways Walmart is looking to catch up with Amazon's dominance in e-commerce as the pandemic pushes more shoppers online. Walmart is partnering with Instaca
Analysis: Why Mozambique is suffering from terror attacks
According to unconfirmed reports, suspected Islamist militants have once again attacked and occupied Mocímboa da Praia in the northern Cabo Delgado province....
Maktech’s Godwin Makyao: Now Is A Time of Entrepreneurial Opportunity in East Africa
As an executive decision-maker in both the telecommunications and tourism industries, Godwin Makyao could not have experienced a more diverse set of...
Kenya elephant numbers more than double in 1980-2018: tourism minister
Poaching had surged in past years in Kenya and other sub-Saharan African countries, where gangs killed elephants and rhinos to feed Asian demand for ivory and horns for use in folk medicines.
COVID-19 response in Africa: RMB’s fiscal outlook for African economies beyond the pandemic
As economies struggle amid the COVID-19 pandemic, gold has been making history. Investors are flocking to the safe-haven investment, as volatility rises in the markets. The price of the yellow metal broke the $2000 mark last week. The question is, what impact will this gold bubble have on African economies? Neville Mandimika, Sub-Saharan Africa Economist at Rand Merchant Bank joins CNBC Africa for more.
How no beer and cigarettes has cost South Africa R15 billion.
" It is going to take us years to root out the corruption and legal activity that has taken root in this pandemic, "says Kieswetter.
Dangote Cement to run test for the $90mn power plant in Tanzania
This month, Dangote Cement is expected to do test runs for the $90 million gas-fired power plant in Mtwara, southern Tanzania, after months of delays occasioned by the COVID-19 pandemic.
BanKable Insights EP2: How StanChart is positioning itself on digital platforms amid COVID-19
Digitisation is key to the global banking agenda to bridge the gap between traditional banking and the demands of the digital generation of consumers. On this episode we look specifically at how Standard Chartered Bank is prioritising digital services and products to help transition clients to digital banking during and post-COVID-19. Kariuki Ngari, CEO of Standard Chartered Kenya and East Africa, as well as Acting Head of Retail Banking Africa and Middle East speaks to CNBC Africa's Godfrey Mutizwa....
GAUTRAIN – Why It Matters
Economic growth continues to be one of the focus areas for the Gauteng Provincial Government (GPG) and the Gautrain responds to that...
OPEC: Nigeria’s oil output at 1.3mn barrels per day
In its latest Oil Market report for July, producer club, OPEC placed Nigeria’s oil output at 1.3 million barrels per day. Meanwhile, the International Energy Agency has lowered its oil demand forecast for the year by 8.1 million barrels per day year-on-year to 91.1 million barrels per day. Femi Oladehin, Partner: Investment Banking at Argentil Capital Partners joins CNBC Africa for more....
Nigeria moves to tackle rising piracy cases in the Gulf of Guinea
In its half-year 2020 report, the International Maritime Bureau says the Gulf of Guinea off West Africa is increasingly dangerous for commercial shipping as it now accounts for just over 90 per cent of maritime kidnappings worldwide. In a move to tackle piracy in the region, A Nigerian court in Port Harcourt has made its first set of convictions under a new anti-piracy law. Labaran Shuaibu Magaji, A Federal Prosecutor of the Ministry of Justice in Nigeria joins CNBC Africa for more.
Against the Odds with Peace Hyde EP09 hosts Lanre Da Silva Ajayi
Lanre Da Silva Ajayi is a Lagos-based fashion designer considered to be one of Nigeria's leading couturiers. Launched in 2005, her eponymous label includes couture, ready-to-wear, jewellery and hairpieces. After studying finance and business in the UK, Lanre changed her path to her calling in fashion. However, this did not happen overnight. To make it to the top of the African fashion industry, she had to overcome a number of challenges. She sits down with Peace Hyde to share her remarkable journey Against all Odds. https://www.cnbcafrica.com/category/tv-shows/against-all-odds/...
Courteville CEO sheds light on half-year earnings & the impact of COVID-19
As companies grapple with the effect of the COVID-19 pandemic, Managing Director and CEO of Courteville Business Solution, Adebola Akindele joins CNBC Africa’s Kenneth Igbomor to breakdown the company’s half-year numbers.
Congo to meet miners to debate copper concentrate export waivers
(Reuters) - Mining companies and copper and cobalt buyers have been invited to a meeting in Kinshasa next week to discuss if...
South Africa’s rand backtracks as relief rally pauses
JOHANNESBURG (Reuters) - South Africa’s rand weakened slightly early on Thursday, pausing an advance in the previous session that saw the currency...
Here’s how much tax SA lost due to COVID-19 induced alcohol, tobacco ban
Edward Kieswetter, Commissioner of the South African Revenue Service charged with the job of collecting the country's dwindling tax in the teeth of the COVID-19 pandemic. How much are we missing, how much did the ban on alcohol and cigarettes cost the county's coffers? What can be done about it? He joins CNBC Africa for more.
AMDA CEO on the role of mini-grids in powering Africa
In the just launched Benchmarking Africa’s Mini-grids report, the essential role of mini-grids in ensuring delivery of affordable, clean and reliable electricity to all Africans was highlighted.
Sanlam launches urgent job-preservation initiative in response to COVID-19
Sanlam Investments is responding to the COVID-19 pandemic through large-scale support of the recovery of South African companies, from small enterprises to...
Ethiopian gov’t suspends entry of foreign telecom infrastructure companies
The Ethiopian government has suspended the entry of foreign telecom infrastructure companies into the country after reviewing the list of companies intending to buy a stake in Ethio Telecom. For more on what this means for the country's plan to liberalise the market, CNBC Africa spoke to Economic Analyst, Samuel Getachew.
Women’s empowerment index launched to drive gender equality in Kenya
Kenya’s first Women’s Empowerment Index launched by the Kenya National Bureau of Statistics in partnership with UN Women and UNICEF will track the country's progress towards achieving gender equality and empowering all women and girls.
Mauritius tourism, reeling from COVID, now hit by oil spill
NAIROBI (Reuters) - Tourist operators in Mauritius fear that an oil spill from a Japanese ship will further damage their businesses, already...
Mauritius says almost all oil removed from damaged Japanese ship
“It is really going to affect the communities down there, especially for the fisherman, the local guys that live there, you know that’s how they make money from tourists,” said Willow River-Tonkin, who owns a kite-surfing business.
African e-commerce firm Jumia takes lockdown revenue hit
LAGOS (Reuters) - Revenues for African e-commerce heavyweight Jumia slid by 10% in the second quarter, dashing hopes that lockdowns aimed at...
S.Africa’s economic woes bigger than monetary policy -cenbank governor
JOHANNESBURG (Reuters) - Formally adding unemployment or economic growth to the South African central bank’s mandate would risk policy mistakes and hurting...
Can The U.S. Afford Reparations?
The disproportionate impact of the coronavirus pandemic on Black Americans coupled with the protests following George Floyd and Breonna Taylor's deaths, have pushed racial injustice to the forefront of the national debate. Politicians, states and cit
Eskom pension fund pays out R104mn bonus to help members survive COVID-19
In efforts to mitigate the financial burden caused by COVID-19, the Eskom Pension and Provident Fund has paid out R104 million to its members. About 33 000 pensioners have benefitted from the special bonus. Linda Mateza, CEO of the Eskom Pension & Provident Fund joins CNBC Africa for more.
Biden’s running mate: How the Harris pick impacts the race for the Whitehouse
The political arena in the United States has certainly been one to watch, with the heated race to the third of November presidential election, and escalating tensions between the Trump administration and China. Brooks Spector, former American Diplomat & Associate Editor of the Daily Maverick joins CNBC Africa to give us insights into the road to the US 2020 elections.
Nigeria’s PMI drops to 52.8 index points in July
Nigeria’s Manufacturing Purchasing Managers’ Index fell slightly from 53.9 index points to 52.8 index points in July. That’s according to FBN Quest Merchant Bank. In its published PMI report for July, the bank also noted that the manufacturing index will soon start reflecting the impact of forex shortage. Chinwe Egwim, Economist at FBN Quest Merchant Bank joins CNBC Africa for more....
Here’s how the Kenyan govt. is helping its youth weather the COVID-19 crisis
The Kenyan government has rolled out short term and long term interventions to cushion the vulnerable members of the society, and to also to renovate the country’s economy. CNBC Afica spoke to Youth Champion, Vincent Aketch, for more.
Somalia unveils ambitious reforms to lift economy
Somalia has seen her GDP grow by 2.8 and 2.9 per cent respectively in 2018 and 2019, with the country expected to grow by a further 3.2 per cent this year prior to the COVID-19 pandemic, what kind of reforms are being instilled to ensure economic stability? CNBC Africa's Arnold Kwizera spoke to Gamal Mohamed Hassan, Minister for Planning, Investment and Economic Development for more.
How Africa’s youth can band together to tackle challenges amid COVID-19
Every year, on 12th of August, International Youth Day is celebrated globally to mark the paramount role of youth in the society, their strengths and their needs. This year under the theme “Youth Engagement for Global Action” it was reiterated that creating a conducive environment and opportunities for young people is important to shape their future so as to become innovators and successful social entrepreneurs. Mark Bryan Schreiner, UNFPA representative in Rwanda joins CNBC Africa for more.
Nigerian mid-week fixed income wrap
Traders say Nigeria’s fixed income and forex market has been relatively quiet this week, weighed down by tight System illiquidity, lack of securities supply and no liquidity expectation for the week. Joining CNBC Africa to discuss what trends could support the market is Nkem Azinge, Currency Trader at UBA....
SME100Africa on the role SMEs in tackling Africa’s unemployment crisis
The United Nations says the economic impact of COVID-19 is set to make the job market more challenging. The UN notes that traditional job creation will not be enough and the private sector can play a vital role in developing countries. As the world marks the International Youth Day, Charles Odii, Founder of SME100Africa joins CNBC Africa to discuss the role of SMEs in tackling Africa's job crisis.
Most of oil on damaged ship in Mauritius collected: representative for ship owner
Most of oil remaining on a Japanese bulk carrier that struck a coral reef off Mauritius late last month and leaked an estimated 1,000 tonnes of oil has been collected, a representative of the ship owner, Nagashiki Shipping, said on Wednesday.
Democrat Biden and new running mate Harris to make first campaign appearance
Harris, 55, the first Black woman and the first Asian American to appear on a major-party presidential ticket, was announced as Biden’s choice on Tuesday after a selection process that drew extra scrutiny thanks to Biden’s age.
Why Kamala Harris may prove an elusive target for Trump
More concerning for Trump: Attacks that could appear sexist or racist against the first Black woman on a major party ticket in U.S. history could complicate his campaign’s effort to shore up his standing among suburban women, a critical voting bloc he must win back in order to get re-elected, strategists on both sides say.
South African business confidence recovers from 35-year low
JOHANNESBURG (Reuters) - South African business confidence recovered from a 35-year low in July, boosted by improving global economic activity, but the...
Nigeria’s debt office to rollover N57bn in today’s T-Bills auction
Traders will most likely fix their gaze on today’s Treasury-Bills auction where the Debt Management Office is expected rollover 57 billion naira across the standard tenors. Bukky Aregbesola, Head of Fixed Income at Access Bank joins CNBC Africa to breakdown today's market expectations....
Leap Africa on how to drive youth engagement for global action
The United Nations says this year’s International Youth Day celebration seeks to highlight the ways in which the engagement of young people can enrich national and multilateral institutions and processes, as well as draw lessons on how their representation and engagement in formal institutional politics can be significantly enhanced. Femi Taiwo, Executive Director of Leap Africa joins CNBC Africa to discuss the role of the youth in development.
Africa Press Office
Coronavirus – Ethiopia: COVID-19 reported cases in Ethiopia (13th August 2020)
Daily Laboratory test: 14,688 Severe cases: 193 New recovered: 394 New deaths: 16 New cases: 1086 Total Laboratory test: 550,119 Active cases: 14,295 Total recovered: 11,428 Total deaths: 479 Total cases: 26,207Distributed by APO Group on behalf of Ministry of Health, Ethiopia.Media filesDownload logo
Coronavirus – Gambia: Daily Case Update as of 13th August 2020
COVID-19 case update - Active cases: 1246 New cases: 79 New tests: 184 Total confirmed: 1,556 Recovered: 267 Deaths: 43 Distributed by APO Group on behalf of Ministry of Health, The Gambia.Media filesDownload logo
Coronavirus – Nigeria: The COVID-19 Nigeria situation report for 12th August, 2020
The COVID-19 Nigeria situation report for 12th August, 2020 has been published. Our daily COVID19 situation reports provide a summary of the epidemiological situation & response activities in Nigeria. Download via: https://bit.ly/3aknutADistributed by APO Group on behalf of Nigeria Centre for Disease Control (NCDC).Media filesDownload logo
Coronavirus – Mauritius : Launching of Mauritius National Health Sector Strategic Plan by Prime Minister
Download logoHon. Prime Minister of the Republic of Mauritius, Pravind Kumar Jugnauth launched the National Health Sector Strategic Plan (HSSP) 2020-2024 on 12 August 2020 at the Hennessy Park Hotel, Ebene, Mauritius in the presence of eminent personalities including Deputy Prime Minister, Hon. S. Obeegadoo, Dr Hon. Kailash Kumar Jagutpal, Minister of Health and Wellness, Dr Hon A. Husnoo, Minister of Local Government and Disaster Risk Management, Hon. N. Bodha, Minister of Foreign Affairs and o
Coronavirus – Rwanda: Update COVID-19 12 August 2020
Download logoEighteen (18) new COVID-19 cases were identified out of 4886 samples tested today. This brings the cumulative number of confirmed cases to two thousand, one hundred and eighty-nine (2189). To date, one thousand, five hundred and twenty-four (1524) patients have recovered and been discharged, including forty-six (46) in the past 24 hours. The number of active cases is six hundred and fifty-seven (657) and eight (8) deaths. The new death is a male of 37 years old in Kigali. The new
Coronavirus – Liberia: WHO Donates 21 Pieces of Oxygen Concentrators to Boost COVID-19 Response in Liberia
Download logoThe World Health Organization Liberia Country Office this week donated 21 pieces of Oxygen Concentrators to the Ministry of Health to support the government in the management of confirmed COVID-19 cases. Statistics generated from Liberia’s Service Availability and Readiness Assessment (SARA+) and Quality of Care (QoC) in 2018 shows that 58% of the hospitals had Oxygen. This situation has been further exacerbated by the health challenges posed by COVID-19 on an already fragil