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What the second wave of coronavirus in Europe means for Americans: CNBC After Hours
CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. A second wave of coronavirus infection overtakes Europe as the United States mourns 200,000 Covid-19 deaths — the most of any country in the world. The 'After Hours' team asks public health experts and epidemiologists what notes Americans should be taking as Europe tries to tamp down on infection, and flu season approaches....
Why SpaceX, Virgin, & Blue Origin Are Betting On Space Tourism
Space tourism has been, almost, nonexistent in the past, but Virgin Galactic, SpaceX and Blue Origin are looking to change that. Still, accessibility to space tourism remains limited to the richest of the rich, with ticket prices ranging from hundreds of thousands of dollars to millions. Development of these space tourism programs is costing these companies billions and each has a different reason for pursuing this, as of yet, unproven market.
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Why Virgin, SpaceX & Blue Origin Are Betting Big On Space Tourism...
What Europe’s Coronavirus Second Wave Means for Americans: CNBC After Hours
CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. A second wave of coronavirus infection overtakes Europe as the United States mourns 200,000 Covid-19 deaths — the most of any country in the world. The 'After Hours' team asks public health experts and epidemiologists what notes Americans should be taking as Europe tries to tamp down on infection, and flu season approaches.
0:43 -- Dow, S&P 500 post 4 straight weeks of losses
1:03 -- Why Wall Street is leading the charge back to bring employees back into the office
4:10 -- CNBC Soundcheck
7:51 -- Europe's second wave of Covid-19
12:03 - Numbers Round
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Digital Transformation: A Key Driver of Business Success
In the digital age, more people have access to some form of mobile device over a bank facility and this is nowhere...
Why is poverty rising in Japan? | CNBC Explains
Despite record employment under Abenomics, Japan’s poverty rate is the second highest among the Group of Seven nations at 15.7%, and above the OECD average. CNBC’s Timothyna Duncan explores the factors behind the country’s prolonged economic malaise.
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How have small businesses fared during the COVID-19 lock-down?
COVID-19 has had a devastating impact on small and medium-sized businesses, with some unfortunately having to shut their doors permanently. As small businesses navigate the challenging environment, digital transformation has become imperative for their survival. In light of this, Yoco has launched a Small Business Recovery Monitor. The company provides card machines and online payment tools to over 80 000 small businesses. Katlego Maphai, CEO of Yoco joins CNBC Africa for more.
How low should financial inclusion & ownership go?
Voices are getting louder around the topic of financial inclusion and ownership in corporates. These efforts aim to change the status quo, so that we can build an inclusive economy amid and post COVID-19. The conversation around equity ownership for lower level employees in companies is gaining traction and Ian Fuhr, Founder of The Hatch Institute & Sorbet Group joins CNBC Africa for more.
How intelligent capital is essential in helping SMEs recover from COVID-19
Throughout this pandemic, we've seen tens of initiatives geared at providing support for struggling SMEs and entrepreneurs in the region. One prolific player in this arena has been Entrepreneurial Solutions Partners and this time, they're partnering up with the MasterCard Foundation's 'Hanga Ahazaza' program to elevate young tourism entrepreneurs and even entrepreneurs in the making by providing them with Intelligent Capital. Charity Kabango, Director & Co-Founder, Entrepreneurial Solutions Partners joins CNBC Africa for more.
Inside the on-going US-Kenya FTA negotiations
The United States has set a raft of conditions in the on-going Free Trade Agreement negotiations with Kenya. These conditions include Kenya openly supporting Israel's political and commercial interests. Meanwhile, lobby groups in Nairobi have raised a petition opposing the negotiations, unless there is clarity on the issue of tax exemptions. CNBC Africa spoke with Leonard Wanyama, Coordinator of the East Africa Tax & Governance Network for more.
Coronavirus – UN Malawi COVID-19 Update Situation Update No. 28 (at 25 September 2020)
Malawi Highlights
The Inter-Cluster Coordination Group is facilitating the development of the National Contingency Plan and the Food Insecurity Response Plan
New supplies valued at $992,547.78 were received this week into the Bollore Warehouse representing 81% of required procurements
77,900 persons were screened at points of entry this week
Over 14,000 people in 6 districts received community-based mental health and psychosocial support by District Social Welfare Offices
52 out of 321
Coronavirus – Rwanda: Update COVID-19 (25 September 2020)
Download logoNine (9) new COVID-19 cases were identified out of 1400 samples tested today. This brings the cumulative number of confirmed cases to four thousand, seven hundred, and ninety-eight (4798). To date, three thousand, and eighty (3080) patients have recovered and been discharged, including thirty (30) in the past 24 hours. The number of active cases is one thousand, six hundred, and eighty-nine (1689) and twenty-nine (29) deaths. The two new deaths are a woman and a man Rwandan respecti
The star-studded multi-national line-up for Singularity USA Online Summit 2020
The line-up for the SingularityU South Africa Online Summit features thought leaders from across the globe, some as far as USA, Denmark,...
I&M Bank Rwanda rights issue officially open
In a bid to recapitalize, I&M Bank has today officially opened applications for its new rights issue that will end on the 16th of October.
Nigeria’s NSE sustains week-long bullish run
The bulls dominated trade at Nigeria’s equities market all week. Moses Hammed, Research Analyst at Investment One Financial Services joins CNBC Africa’s Wole Famurewa for more a recap of the highlights of this week’s trade at the Lagos bourse....
Nigeria’s fixed income & forex market review
Bankole Odusanya, Head of Fixed Income at UBA joins CNBC Africa’s Wole Famurewa for a recap of Nigeria’s fixed income and forex market this week....
Nigeria’s Petroleum Industry Bill gets renewed traction
Nigeria’s President, Muhamamdu Buhari is expected to send a revised version of the Petroleum Industry Bill to the Senate for consideration and approval next week. The much-awaited 20-year-old bill is expected to revamp Nigeria’s oil and gas sector, improve local content and drive both local and domestic investments. Adeoye Adefulu, Partner at Odujinrin and Adefulu joins CNBC Africa for more.
African born Elon Musk’s Tesla, charges up Chinese startups.
ince it was founded in 2017 in Shanghai, Aiways has raised “no more than 10 billion yuan” and it will need to secure more funding from some private equity funds and other investors, said Fu, the former head of Volvo Cars China who has also been an executive at Mercedes-Benz, Skoda and FAW-Volkswagen.
Red locusts destroy 500 hectares Nambian grazing land, minister says
At least 19 areas in the fertile Zambezi region, which borders Zambia, Zimbabwe Angola and Botswana, have been hit by a red locust outbreak since Aug. 12, agriculture minister Calle Schlettwein said in a statement.
Coronavirus – Uganda: Daily COVID-19 update (25 September 2020)
Results from COVID-19 tests done on 25 September, 2020 confirmed 146 new cases. The cumulative confirmed cases are now 7,364. Recoveries: 3,647.
The break down of the new cases are:
Contacts and alerts(133):
Kampala (51), Namisindwa (13), Arua (12), Mityana (10), Tororo (7), Busia (5), Kitgum (5), Mbale (5), Nwoya (5), Wakiso (5), Gulu (3), Bukwo (4), Jinja (2), Karenga (2), Lira (1), Luwero (1), Soroti (1) and Yumbe (1).
7 truck drivers: Malaba (6), Busia (1)
6 returnees: Saudi Arabia (4),
Coronavirus: African Union Member States reporting COVID-19 cases as of 26 September 2020, 9...
African Union Member States (55) reporting COVID-19 cases (1,444,318) deaths (35,144), and recoveries (1,192,653) by region:
Central (57,416 cases; 1,076 deaths; 50,081 recoveries): Burundi (483; 1; 462), Cameroon (20,712; 418; 19,440), CAR (4,806; 62; 1,840), Chad (1,175; 83; 1,004), Congo (5,005; 89; 3,920), DRC (10,578; 271; 10,070), Equatorial Guinea (5,018; 83; 4,530), Gabon (8,728; 54; 7,934), Sao Tome & Principe (911; 15; 881)
Eastern (165,119; 3,247; 93,643): Comoros (474;
Moves to help Somalia – IMF statement.
Washington, DC: A staff team from the International Monetary Fund (IMF), led by Allison Holland, held discussions with the Somali authorities during a...
Nigeria September bonds oversubscribed
Nigeria's 145 billion naira September bond was oversubscribed by 215.2 billion naira. Traders at Access bank say the bullish trend at the bond market is likely to continue although on a less aggressive note as system liquidity remains robust. Bukky Aregbesola, Head of Fixed Income at Access Bank joins CNBC Africa for more....
The COVID Currency Survival Guide for Corporates
Learn about what larger companies in South Africa need to know when it comes to foreign exchange during COVID-19 and beyond
COVID-19: Plotting the path to global recovery
The United Nations Conference on Trade and Development says if the world economy is to move away from the edge of depression and claw its way back towards sustainable growth and development, it must recover more effectively than it did from the Global Financial Crisis a decade ago. UNCTAD also stressed that a return to pre-pandemic austerity will reduce annual global growth by one percentage point and increase the global unemployment rate by 2 percentage points until 2030. Paul Alaje, Senior Economist at SPM Professionals joins CNBC Africa for more.
SA Express receives lifeline from employees
SA Express is another embattled state owned airline which was due to get its wings clipped amid the tough economic landscape for the airlines industry, but they have received a lifeline from its employees. SA Express employees under a group called Fly SAX has been given the green light to buy the airline and return it to the skies. Aviation Analyst, Desmond Latham joins CNBC Africa for more.
Outlook for President Cyril Ramaphosa’s time in office
South African president Cyril Ramaphosa is faced with a difficult road ahead, since his election into presidency in May last year.
COVID-19: How the pandemic is reshaping the digital landscape in SSA
The global pandemic has had a profound impact on the digital landscape in Sub-Saharan Africa, as well as across the world. GSMA Thrive Africa, brings together the continent’s leaders to create Africa’s most influential technology experience. Akinwale Goodluck, Head of Sub-Saharan Africa at GSMA Thrive Africa joins CNBC Africa for more.
What’s holding back the UK-EAC Brexit trade deal?
The meetings between East African Community and the United Kingdom to negotiate a collective agreement have failed to make any substantive progress, leaving Kenya’s multimillion-dollar trade with Britain hang in the balance.
In conversation with Liam Fox on his vision for global trade
The selection date for the new Director-General of the World Trade Organization is getting nearer, eight candidates are going head-to-head for the top position with nominations coming from the Mexico, Moldova, Korea, Saudi Arabia, the United Kingdom and Africa – where we have 3 candidates. 58-year-old British Politician who has served as the UK’s Secretary of State for International Trade and was nominated by the United Kingdom for the role of the Director-General of the World Trade Organisation. Dr. Liam Fox joins CNBC Africa’s Kenneth Igbomor to share his vision for global trade....
Is Nigeria getting closer to affordable housing?
Nigeria is looking to plug its housing deficit with a new initiative called the Family Homes Financing Initiative. Owing property in Nigeria usually comes with huge lumpsum payments and the hurdles are usually higher for the first-time homeowner. Rolake Akinkugbe-Filani, Chief Commercial Officer of Mixta Africa joins CNBC Africa’s Kenneth Igbomor to discuss how the obstacles to owning a home in Nigeria could be whittled down.
West African equities: BRVM Composite Index down 21.3% YTD
West African markets are down year-to-date but we've seen some renewed interest in some markets this week. Abiodun Keripe, Head of Investment Research at Afrinvest joins CNBC Africa to track these markets and the monetary decision across the region....
Absa commits to growing African trade with award-winning online platform
Absa launched its online trade finance portal, Trade Management Online, in 2019
Judge says U.S. must defend or delay TikTok app store ban by Friday
WASHINGTON (Reuters) - A U.S. judge said Thursday the Trump administration must either delay a ban on U.S. app stores offering TikTok...
The airlines run out of bailout money in six days. Here’s what happens next: CNBC After Hours
CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, CNBC.com's Leslie Josephs lays out the stakes for the airline industry, which will run out of federal bailout funds at the end of the month. Plus, CNBC.com's Annie Palmer breaks down Amazon's disavowal of Echelon's 'Prime Bike.'...
Vanguard, BlackRock add new climate-focused ETFs as demand soars
The demand partly reflects the performance of the funds, which has often topped traditional investment products this year. That was despite many funds being held back by strategies such as not owning high-performing energy stocks, as second-quarter results showed.
If world handles climate like COVID-19, U.N. chief says: ‘I fear the worst’
“At times, geopolitics have tampered cooperation and hindered our agility. The pandemic has tested the international system like never before,” said Britain’s Minister of State for South Asia and the Commonwealth, Lord Tariq Ahmad of Wimbledon. “But now is not the moment to reject international institutions.”
Facebook’s Oversight Board plans to launch just before U.S. election
Potential cases would come to the board from users who have exhausted the appeals process, or be sent over from Facebook. Deciding and implementing rulings would take up to 90 days, although Facebook could ask for them to be expedited within 30 days.
Tesla’s Nevada lithium plan faces stark obstacles on path to production
The move would make Tesla the first company in the world to commercially produce the white metal from clay. Lithium is produced either from brine, commonly found in South America, or spodumene hard rock, usually in Australia.
South African hit ‘Jerusalema’ inspires people worldwide to shake off COVID-19 blues
The “nowhere” was a group of Angolan friends, who posted themselves performing a self-invented dance routine to the song. In the video, a first group demonstrates the dance to another group, who interrupt their house chores to join-in.
Kenya’s WTO candidate says she will focus on climate change if selected
“How is it possible that the WTO does not discuss climate change?... WTO must be a part of the global conversation on climate change,” she told an online media briefing from Geneva.
How Much Is Kamala Harris Worth?
Since Joe Biden and the Democrats chose California Senator Kamala Harris as their vice presidential nominee for the 2020 election, we revisited her public financial records is see how she made her money. We also expanded on our previous reporting to get a better understanding of her fundraising history. The former San Francisco District Attorney has proven to be a valuable fundraiser for the DNC, but will it be enough for her fight against President Donald Trump and VP Mike Pence? Watch the video to find out more about how she developed her fortune and to learn more about her career.
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How Much Kamala Harris Is Worth...
Allianz Global Wealth Report 2020: How COVID-19 has impacted the world’s wealth
According to the Allianz Global Wealth Report 2020, South Africa ranks 38th in the ranking of the richest countries. This is with net financial assets per capita of $8 385. The gross financial assets of South African households rose by 6.7 per cent in 2019, after declining by almost 4 per cent in the previous year. Selin Ozyurt, Senior Economist for Africa and France at Euler Hermes joins CNBC Africa for more.
Nigerian equities extend gains for third straight day
Nigeria’s equities market extended gains from the last two sessions largely supported by the oil & gas and consumer goods stocks. Muktar Mohammed, Analyst at Assar Investments joins CNBC Africa’s Wole Famurewa for more....
Miller Center on how to scale tech enabled sustainable food system enterprises in Africa
Leaders from 18 African technology-enabled social enterprises that contribute to increasing nutrition and food security and/or regenerative environmental systems in the agricultural food chain have been selected to partake in the Food Systems Accelerator, designed to increase economic benefit to smallholder farmers. Pamela Roussos, Chief Community Officer at Miller Center joins CNBC Africa for more.
Accelerating the adoption of digital payments in Tanzania
Tanzania's digital landscape in recent years has grown creating a number of economic opportunities. Mastercard and Selcom recently announced the launch an enhanced mobile payment application that enables people to centralize all their payment cards or supported mobile banking profiles on one digital platform. Sameer Hirji, Executive Director, Selcom Paytech Limited joins CNBC Africa for more.