What Happens To Frequent Flyer Miles If An Airline Goes Bankrupt?

With U.S. passenger traffic down by 90%, airlines are desperate to fill seats and are offering big incentives to keep their most reliable customers loyal. But what happens to frequent flyer miles when almost no one is flying and can an airline loyalt

How The Medical Device Supply Chain Failed During Covid-19

More than three months into the coronavirus pandemic, health-care workers on the front-lines of the battle against Covid-19 say they still face shortages of personal protective equipment. The personal protective shortage was one of the early flashpoi

Tsogo Sun Hotels FY profits plunge, COVID-19 lock-downs weigh

Hospitality Group Tsogo Sun Hotels reported a 31 per cent plunge in full year headline earnings per share, with Covid-19 resulting in demand from international tourist retracting in the fourth quarter, due to global lock-downs.

Latest News

Nampak swings into H1 loss, suffers R3bn impairment

Nampak swung to a half year loss of R2.4 billion as revenue plunged and it impaired its Angola and Nigeria assets by R3 billion, which is four times its market value. The also warned that future profits were in South Africa were at risk from the ban on alcohol sales due to Covid-19 lock-downs. Nampak CEO, Erik Smuts joins CNBC Africa for more.

How COVID-19 impacts the health & well-being of children

Research shows that children have a lower rate of contracting the Coronavirus and bringing infections to the household. This should provide comfort to South African parents that are in two minds about sending their kids back to school next week, when physical teaching is set to resume. Epidemiologist, Dr Boshoff Steenekamp joins CNBC Africa for more.

Rebosis rolls out COVID-19 testing stations outside malls

Property Group Rebosis, has partnered with government to roll out testing stations for Covid-19 outside its shopping malls in Pretoria – South Africa’s capital. However, foot traffic into these malls is expected to have dived due to the virus lock-downs prevented non-essential stores from trading. Rebosis is yet to release its interim results. Rebosis CEO Sisa Ngebulana joins CNBC Africa for more.

Distell CEO: What the sale of alcohol under level 3 means for the industry

South Africans can look forward to popping their favourite bottle of bubbly or sipping on a glass of pinotage to warm up from the cold winter. That’s as alcohol sales, that were banned for over two months under the Covid-19 lock-down, will be lifted. Distell CEO Richard Rushton joins CNBC Africa for more.

This Rwandan publisher is creating buzz with new book App

After realising the challenges that come with publishing fellow African writers, home-grown publishing house, Imagine We Rwanda launched their very own mobile app, dubbed, Imagine Books. Fast forward 2 weeks and hundreds of titles have been purchased worldwide and the numbers are only going up. CNBC Africa spoke to the founder, Dominique Alonga for more.

COVID-19: This virtual concert campaign is bringing together African artists for charity

The COVID-19 pandemic has affected livelihoods across the continent and different initiatives have been instituted to support them. One of them is a campaign dubbed “We are one Africa” which aims to sustain various communities and groups through virtual concerts. Project Manager, Andrew Alovi joins CNBC Africa for more.

Kenya’s tech sector unveils video conferencing system

Kenya has recently launched the first made-in-Africa video conferencing system that will enable users to enjoy better quality calls with unlimited attendees, at more affordable prices. The video conferencing system will also enable African countries to retain the fees in local economies, compared to competition that repatriates it off the continent. Jay Shapiro, CEO and Co-Founder of Usiku Games joins CNBC Africa for more.

Nigerian markets react to Emefiele’s rate cut

As Nigeria Money market players fully digest the outcome of the MPC meeting, joining CNBC Africa discuss what this means for rates going forward with Nkem Azinge, Currency Trader at UBA....

How bus-sharing start-up PlentyWaka is adapting to COVID-19

After a one-month hiatus due to the COVID-19 lock-down in Lagos, bus-hailing company, PlentyWaka says they have re-launched their operations and have announced an expansion of their services. Johnny Enagwolor, Managing Director of PlentyWaka joins CNBC Africa to discuss how this pandemic is changing the ride-hailing business in Nigeria.

Visit vibrant Kigali for the inspiring IATF 2020

Situated in the heart of Rwanda, Kigali is buzzing with possibility and African charm. Home to countless creative startups and tech hubs and supported by a promising investment climate, the dynamic and progressive capital is the perfect setting for the key event boosting trade in Africa – the IATF 2020.

Building Africa’s Prosperity EP1: Patrick Dlamini on DBSA’s response to COVID-19 headwinds

The new series Building Africa's Prosperity will put the focus on Infrastructure and Regional Integration in the SADC region. CNBC Africa's Chris Bishop interviews the DBSA's CEO Patrick Dlamini in the first episode. They speak about what the Development Bank of South Africa has on the cards for the region during and post the Covid-19 pandemic....

Sub-Saharan Africa to suffer 23.1% decline in remittances in 2020 – World Bank

The coronavirus pandemic is leaving migrant workers unable to send money or goods home to families, cutting off a vital lifeline for communities already under siege from a barrage of external shocks.

Op-Ed: Zimbabwean opposition activists charged following their own abduction

On Tuesday, May 26, authorities in Zimbabwe charged three activists from the opposition Movement for Democratic Change-Alliance (MDC-A) with breaching the country’s lockdown regulations, nearly two weeks after they were allegedly abducted and brutalised after being taken into police custody.

Law Union & Rock enters TIA agreement with Kanuri LUR

Law Union and Rock say it has executed a transactional implementation agreement with Kanuri LUR which is a new investor for the acquisition of 100 per cent issued capital of the Company. As Insurance companies in Nigeria race Law Union and Rock towards recapitalisation, Ajibola Olayinka, Non-Executive Director at & Chairman of the Board of the Ad-hoc Committee on Recapitalisation joins CNBC Africa more.

Buhari seeks Senate’s approval for fresh loans

Nigeria’s President Muhammadu Buhari is seeking the House of Representatives approval for fresh external borrowings of about $5.513 billion. Amid current local and global economic realities, can Nigeria bear more debts? Winston Osuchukwu, Co-founder of Trans-Sahara Incorporated joins CNBC Africa for more.

COVID-19: Does SA have a plan to wean itself off coal?

As COVID-19 lock-down restrictions were imposed globally, daily global CO₂ emissions in early April 2020 were down 17 per cent compared to the emission levels in the prior year. A number of congested cities around the world are now seeing clearer skies and breathing fresher air. However, the Covid-19 lock-down is only a short-term solution to the social and economic changes that countries need to make to ensure the sustainability and the longevity of climate change actions. Rachael Antwi, Director at Nochua International joins CNBC Africa for more.

Law Union & Rock enters TIA agreement with Kanuri LUR

Law Union and Rock say it has executed a transactional implementation agreement with Kanuri LUR which is a new investor for the acquisition of 100 per cent issued capital of the Company. As Insurance companies in Nigeria race Law Union and Rock towards recapitalisation, Ajibola Olayinka, Non-Executive Director at & Chairman of the Board of the Ad-hoc Committee on Recapitalisation joins CNBC Africa more.

Buhari seeks Senate’s approval for fresh loans

Nigeria’s President Muhammadu Buhari is seeking the House of Representatives approval for fresh external borrowings of about $5.513 billion. Amid current local and global economic realities, can Nigeria bear more debts? Winston Osuchukwu, Co-founder of Trans-Sahara Incorporated joins CNBC Africa for more.

COVID-19: Does SA have a plan to wean itself off coal?

As COVID-19 lock-down restrictions were imposed globally, daily global CO₂ emissions in early April 2020 were down 17 per cent compared to the emission levels in the prior year. A number of congested cities around the world are now seeing clearer skies and breathing fresher air. However, the Covid-19 lock-down is only a short-term solution to the social and economic changes that countries need to make to ensure the sustainability and the longevity of climate change actions. Rachael Antwi, Director at Nochua International joins CNBC Africa for more.

COVID-19: This property tech start-up is bringing back the drive-in cinemas to SA

Covid-19 has prevented the entire world from participating in the small pleasures in life like going to the car-wash or watching a movie in the cinema. Companies have been forced to adapt and change business models that would adhere to safe social distancing measures and limited physical interaction in the wake of the Covid-19 outbreak. One such company is a Property Technology start-up called ParkUpp, they have partnered with a drive-in cinema company to launch drive- cinemas across the country. The cinemas will be set up in quirky and unique venues to fully indulge in the experience of watching movies. Joining CNBC Africa for more is Palesa Moloi, CEO and Co-Founder at ParkUpp.

The extent of the impact of COVID-19 on Kenyan manufacturing

A study has shown that COVID-19 has caused cash flow constraints for an estimated 79 per cent of manufacturers in Kenya resulting in reduction of casual labourers by 40 per cent and 17 per cent of the permanent workers. Job Wanjohi, Head of Policy at Kenya Association of Manufacturers joined CNBC Africa for more.

East African youth ready to step up in fight against Covid-19

Yesterday the findings of an East African Covid-19 Youth survey of over 400 young people from the region were released. The survey was conducted by youth leadership development program, YouLead in partnership with Restless Development and others; and among the findings it was revealed that at least 90 per cent of the participants would want to play an active role in their country’s response efforts if they were given the opportunity. CNBC Africa spoke to the Country Director of Restless Development Uganda, Catherine Rodgers and one of the participants in the survey, Patrick Karekezi for more.

Here’s how Invest In Africa is helping Kenyan SMEs survive Covid-19

With Small and Medium-sized Enterprises (SMEs) and the informal sector making up a vast majority of the businesses and job opportunities in sub-Saharan Africa, ensuring their survival is crucial to the continent’s economic recovery and growth post Covid-19. CNBC Africa spoke to Wangechi Muriuki, Country Manager of Invest In Africa Kenya to learn more about what’s being done to provide this necessary support.

BPN Rwanda: How the COVID-19 lockdown has impacted small businesses

The lock-down that Rwandan government enforced to curb the spread of COVID-19 saw over 60 per cent of entrepreneurs stop production and services. Monthly turnover also dropped from Rwf30 million to just Rwf4 million, according to a survey conducted by Business Professionals Network and the University of Rwanda. BPN Rwanda Managing Director, Alice Nkulikiyinka joins CNBC Africa for more....

Navigating your retirement finances during COVID-19

If you have a pension – or know someone who does and if you are concerned about what COVID-19 can do to that pension stay tuned. CNBC Africa is joined by a man with his pulse on the pension business - Francis Marais, Head of Research at Glaciet a subsidiary of Sanlam....

Will the SARB cut interest rates further?

Within the next 3 hours South Africa will know how big the next cut in interest rates will be. In the face of Covid-19 the South African Reserve Bank has pledged to cut up to 100 basis points to try to ease pressure on the economy and debt. But what good is it going to do? How likely are we going to see other measures like the reserve bank instructed to buy bonds or even resort to quantitative easing? The prospect of the lowest interest rates for more than half a century is on the cards, and joining CNBC Africa to unpack more on this is Arthur Kamp, Chief economist at Sanlam Investments....

Africa Press Office

Nigeria Rugby Football Federation donates Food Palliatives to Players

Federation president; Kelechukwu Mbagwu said palliatives became necessary due to the difficulties players are passing through in the COVID-19 pandemic. Deputy Liason Officer of the Ministry of Youth & Sports; Ikana Mbora presented the palliatives to players at the National Stadium in Lagos.  NRFF (https://TheNRFF.com/) Players Representative and Board Member; Gbenga Adeniran says the support will go to the most vulnerable players across all the active clubs across the country starting w

Coronavirus – Somalia: Update on COVID-19 in Somalia (30 May 2020)

Download logoNew cases confirmed today: 88 Galmudug: 47 Somaliland: 29 Benadir: 10 Puntland: 2 Male: 71 Female: 17 Recovery: 17 Death: 1 Total confirmed cases: 1,916 Total recoveries: 327 Total deaths: 73Distributed by APO Group on behalf of Ministry of Health & Human Services, Federal Republic of Somalia.

Coronavirus – Kenya: COVID-19 Update (30 May 2020)

Total confirmed: 1888 Total recovered: 464 Deaths: 63 We are glad to announce that today we have discharged 26 patients from various hospitals, who have fully recovered from COVID-19. This now brings our total tally to 464.Distributed by APO Group on behalf of Ministry of Health, Kenya.Media filesDownload logo

Coronavirus – South Africa: Employment and Labour prepares to resume services on 8 June

Download logoIn response to the introduction of Coronavirus level 3 from June 1, 2020, the Department of Employment and Labour will be resuming its services, although at a minimal level. "Therefore our offices will be open to the public on 8 June 2020", said Director General Thobile Lamati. This is after the Department has completed its back to work plan activities which include the deep cleaning and disinfection of office buildings around the country according to approved guidelines, of

Coronavirus – Nigeria: Setting up of COVID-19 Mobile Testing Sites in Communities

In an effort to increase COVID-19 testing capacity in Nigeria, States including Kano have set up mobile testing sites in communities. The NCDC team is working to address scepticism & stigma around COVID-19 in these areas to encourage compliance to testing.Distributed by APO Group on behalf of Nigeria Centre for Disease Control (NCDC).Media filesDownload logo

Coronavirus – Kenya: Distribution of COVID-19 cases by sub counties in Nairobi (30-05-2020)

Download logoDistribution of cases by sub counties: In Nairobi, - Makadara has (45) cases - Kibra (21), - Embakasi South (6), - Kasarani (5), - Ruaraka (3), - Westlands (2), - Embakasi West (2), - Langata (1) and - Starehe (1).Distributed by APO Group on behalf of Ministry of Health, Kenya.

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Coke: The Secret Formula

Coke The Secret Formula: How this initiative is empowering S.Africans & keeping the earth clean

In this episode of The Secret Formula the team travel to Soweto and the Western Cape to investigate how The Coca Cola Company are making a difference in terms of their waste management systems and encouragement of recycling. In these uncertain times of COVID-19 it's time to paint a brighter future on that blank canvas in front of us....

Coke The Secret Formula EP3: How Project Last Mile is transforming the lives of Mozambicans

In this episode we head off to Mozambique where Project Last Mile has existing routes in place to help third party deliveries of life saving medication to remote regions. A fascinating off the road journey into the heart of Mozambique....

Coke The Secret Formula EP2: How Coca-Cola is empowering women & girls in the Kingdom of Eswatini

In this second episode Asanda travels to the Kingdom of Eswatini to investigate what Project Last Mile is doing to help educate young girls and women about their personal health, HIV and teenage pregnancy. It's a poignant journey into the soul of a kingdom striving to fight new infections and deal with health issues head on....

Coke The Secret Formula EP1: What Coca-Cola is doing to change lives across Africa

In this series our host Asanda Maku investigates the various initiatives that the Coca-Cola Company are involved in across Africa. The Secret Formula is where travelogue and documentary meet. In this first episode we dig deeper into Bizniz in a Box, an initiative that assists young entrepreneurs establish a sustainable business for themselves and their families, in an attempt to combat youth unemployment....

Captains of Industry

Tristan De Boysson: A man with a passion for getting people to invest in Africa’s health sector

He was born in Paris moved to Asia. Now in Dubai he is trying to hook people up with deals in Middle East and Africa in the health game. This is the story of Tristan De Boysson, CEO of Amanat....

How this Gabon-born entrepreneur gave up his tennis dream to become Africa’s Mark Zuckerberg

Dubai-based Mark Doumba wanted to be the next Roger Federer but he had to settle with being the next Mark Zuckerberg. This is the story of the Gabon-born entrepreneur who saw an opportunity for a technology company to bridge the digital divide and address Sub-Saharan Africa’s development challenges through innovation and policy as a result he started CLIKAFRIK and CLIKPAY....

Captains of Industry: Andrew Key: From officer to a payment supremo

Andrew Key wanted to be an officer and gentleman but a rugby accident put paid to his army ambitions. Now he sits in the middle of a payments empire straddling Africa and the Middle East. This is the story of Key, Managing Director,Head of Processing Business at Network International....

DMCC’s Feryal Ahmadi’s big plans for Africa

In her position as Chief Operating Officer of one of the biggest free trade areas in the world, Feryal Ahmadi has big plans for Africa. Ahmadi from the Dubai Multi Commodities Centre (DMCC) shares her story....