Newsfeed

Gautrain: MEC Mamabolo on achieving smart mobility & Gautrain’s public transport objectives

Why it matters to have a rail system such as Gautrain as the backbone of the public transport system in Gauteng. In this episode of Gautrain: Why It Matters, Gauteng MEC for Public Transport and Roads Infrastructure, Jacob Mamabolo about public transport and Gautrain's objectives....

Record bullion prices give South African gold miners a lifeline, risks remain

JOHANNESBURG (Reuters) - South African gold miners are looking to cut debt and boost dividends as bullion hits record highs, with analysts...

Nigeria’s money market: Where are investor’s seeing value?

Buying interest is expected to continue in Nigeria’s bond space as market players take advantage of the relatively high yields to build positions. That’s according to traders. Joining CNBC Africa to discuss where investors are seeing value at Nigeria’s fixed income and forex market is Bosun Obembe, Forex and Derivatives Trader at Access Bank....

VIRTUAL VDJ EXPOSES LOCAL CREATIVE AND ENTERTAINMENT INDUSTRY

The City of eThekwini pulled out all stops to give fans of the annual Vodacom Durban July (VDJ). The Virtual Vodacom Durban...

Aella Credit CEO on how to drive credit for health care insurance in Nigeria

The Chairman of Nigerian's Senate Committee on Health, Ibrahim Oloriegbe says the Health Insurance Authority Bill has passed its third reading at the Senate and is currently before the House of Reps for consideration.

Old Mutual, PPC & SeedCo remain suspended on the ZSE

Trading resumed on the Zimbabwean Stock Exchange this week after a month of being shut down. The Zimbabwean government suspended the stock exchange and mobile money payments in a bid to clamp down on alleged illegal activities. Although the bourse is operational, three stocks remain suspended, Old Mutual, PPC and SeedCo. Batanai Matsika, Head of Research at Morgan & Co spoke to CNBC Africa for more.

Celebrating the legacy of Women’s Month with IDC’s Busi Mabuza

This weekend South Africa celebrates Women’s Day and CNBC Africa is joined by Busi Mabuza - she was right in the thick of the struggle when the state of emergency was declared in the 1980s. She was arrested and banned from all educational institutions, before she continued with her studies in the United States. She is now the Chairperson of the IDC, while also heading up the BRICS Business Council....

South African central bank cuts bond buys to 2.5 bln rand in July

JOHANNESBURG (Reuters) - The South African central bank further cut its government bond purchases in July, buying 2.5 billion rand ($142 million)...

MTN CEO Rob Shuter unpacks the group’s interim results

See MTN’s performance thus far against the backdrop of difficult economic conditions as well as operational and regulatory challenges in certain markets. The interim results will also reflect their strategic updates, financial indicators and future prospects....

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...

MedAccess CEO on achieving health outcomes in a pandemic

UK social finance company MedAccess is providing a guarantee of $50 million to enable UNICEF to secure essential medical products from suppliers to tackle the COVID-19 pandemic. CEO of MedAccess, Michael Anderson says the surging demand for COVID-19 healthcare supplies has led to supply shortages and sharp price rises. He joins CNBC Africa’s Kenneth Igbomor to shed more light on this partnership and what they hope to achieve....

Afreximbank commits $400 mln to Mozambique LNG project

JOHANNESBURG (Reuters) - Cairo-based African Export-Import Bank has committed $400 million in loans and guarantees to Mozambique’s $20 billion liquefied natural gas...

Trump issues bans on China’s TikTok, WeChat, stoking tension with Beijing

The hugely popular Tiktok has come under fire from U.S. lawmakers and the administration over national security concerns surrounding data collection, amid growing distrust between Washington and Beijing.

The changing face of privacy in a pandemic | CNBC Explains

As governments worldwide harness technology to trace and curb the spread of the coronavirus, there are growing concerns about privacy violations and data protection. CNBC’s Nessa Anwar discusses the trade-offs in a global health crisis. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi...

Nintendo reports wild 428% jump in profits, thanks to pandemic gaming: CNBC After Hours

CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, the After Hours team dives into Nintendo's eye-popping profits, and explores the effect of the pandemic on the future of gaming. Plus, CNBC's Robert Frank

South Africa’s funeral parlours turn to makeshift mortuaries as virus deaths rise

Data showed in July that South Africa had 59% more deaths than would normally be expected between early May and mid-July, suggesting more people were dying of COVID-19 than official figures show.

Amid the scramble, funeral parlours aren’t always able to balance strict regulations with the expected sensitivity: there have been reports in local media of the wrong bodies being interred.

South Africa’s Ramaphosa sets up body to probe COVID-19 corruption

Reports of corruption are embarrassing for Ramaphosa, who took over from Jacob Zuma as president more than two years ago on a promise of stamping out the graft associated with his predecessor.

Nigeria to reopen for international air travel in weeks

“It will be in weeks rather than in months,” Minister of Aviation Hadi Sirika told a regular briefing in the capital Abuja on coronavirus.

DURBAN TOURISM LAUNCHES “VIRTUAL DURBAN EXCURSIONS”

FROM THE MAYOR’S DESK Halfway through the month of May, we had fruitful engagements...

10 countries account for 80% of Africa COVID-19 testing – Africa CDC

ADDIS ABABA (Reuters) - Ten countries account for 80% of the new coronavirus testing taking place across Africa, a regional body said...

Ethiopia earns over $60mn from electricity exports

Ethiopia’s electricity export ambitions continue to garner momentum as the country collected $66.4 million from the electricity it exported to neighbouring Sudan and Djibouti in the Ethiopian fiscal year that ended on July 7. What does this mean for the development of the Grand Ethiopian Renaissance Dam in the country? Zemedeh Negatu, Global Chairman Fairfax Africa Fund joins CNBC Africa for more.

4Sight CEO on the quantum leap business must make after COVID-19

There’s a lot of noise out there about the Fourth Industrial Revolution, but too often the discussion remains focused on the technology. According to Tertius Zitzke, the CEO 4Sight, the brutal truth is that the technology’s huge potential will never be realised, if it is not deployed in a way that incorporates the human dimension. He joins CNBC Africa for more....

McKinsey Partner And Ex-NFL Player Jason Wright On Elevating Black Talent

Ex-NFL player and McKinsey partner, Jason Wright, says that bold ideas are necessary in order to close the inequality gap in the workplace. Wright suggests tying executive bonuses to their ability to elevate black talent, hiring based on skills rathe

Francois Kanimba on the effectiveness of ECCAS reforms

In December 2019, members of the Economic Community of Central African States, (ECCAS) agreed to reforms expected to make the institution more efficient and strengthen coordination among its 11 member states. Will these reforms bring the much needed change to the bloc? CNBC Africa spoke to Francois Kanimba, Commissioner at ECCAS for more.

Kenya bans sugar imports to protect domestic industries

In a move by the Kenyan Government to boost the agriculture sector and curb influx of cheap sweetener in the domestic market, the country has banned sugar imports with immediate effect and suspended trading licences. Nick Kwolek, Founder of KwolCo joins CNBC Africa for more.

Crude remains under pressure on fears of new cases COVID-19

Global crude production cut has been tapered to 7.7 million barrel per day this August putting an end to the historic 9.7 million barrels per day supply cut which expired on July 31st. Crude prices have remained under pressure on fears of new COVID-19 cases. Kola Karim, Chairman of Shoreline Group joins CNBC Africa for a focus on the global oil market.

Commodities Watch: Gold breaks $2000 price mark

The gold market is booming. The treasured commodity has now crossed the $2000 mark. Amidst new COVID-19 realities, countries in West Africa like Nigeria and Ghana are looking to gold as a store of value and an economic booster. Damilola Akinbami, Head of Research at Financial Derivatives joins CNBC Africa for more....

Job cuts announced by U.S. companies jump 54% in July: report

“The downturn is far from over, especially as COVID cases rise around the country,” said Andrew Challenger, senior vice president at Challenger, Gray. “Consumers are buying fewer goods and services, businesses are closing, and bankruptcies are rising.”

Flour Mills FY profit nearly triples despite tough market

Flour Mills of Nigeria says its profits nearly tripled for the financial year ending on the 31st of March. The company says its post-tax profits rose 184 per cent to 11.4 billion naira despite the prevailing economic headwinds and the difficult operating terrain at Apapa, Lagos. Flour Mills of Nigeria's Chief Financial Officer, Anders Kristiansson joins CNBC Africa for more....

How technology can help mitigate the impact of COVID-19 on education in Nigeria

The education system in Nigeria was not excluded from the COVID-19 related disruption to education space globally. Secondary Schools in Nigeria re-opened on the fourth of August to allow its senior graduating students prepare for the West African Senior School Certificate Examination which commences on the 14th of this month. The news has raised many questions owing to current realities. Jadesola Adedeji, CEO of Stem Mets Resources joins CNBC Africa for more.

The impact of COVID-19 on Nigeria’s consumer goods sector

The education system in Nigeria was not excluded from the COVID-19 related disruption to education space globally. Secondary Schools in Nigeria re-opened on the fourth of August to allow its senior graduating students prepare for the West African Senior School Certificate Examination which commences on the 14th of this month. The news has raised many questions owing to current realities. Jadesola Adedeji, CEO of Stem Mets Resources joins CNBC Africa for more....

Black female owned firms acquire Mott Macdonald Africa

Two leading black owned female firms have powered together to acquire 100 per cent equity of Mott Macdonald Africa in a bid to expand their market share and reshape its respective industries. Ipeleng Mkhari, CEO of Motseng Women Investments joins CNBC Africa for more.

Outgoing MTN CEO Rob Shuter reveals expansion plans for Africa, sheds light on Middle East exit

Telecoms group MTN has reported a headline earnings growth of 120 per cent and a group service revenue growth of 9 per cent for its half year results.

South Africa’s rand weaker in tentative trade

JOHANNESBURG (Reuters) - South Africa’s rand weakened early on Thursday, remaining near two-months lows, as investors continued to worry about the chances...

Glencore scraps $2.6 billion dividend as first-half earnings fall

LONDON (Reuters) - Glencore said on Thursday it was scrapping its dividend to focus on lowering debt as the COVID-19 pandemic forced...

South Africa’s MTN to exit Middle East over medium-term

JOHANNESBURG (Reuters) - South African mobile operator MTN Group said on Thursday it will be exiting the Middle East over the medium...

How access to data can help solve food shortage amid COVID-19 crisis

Global food wastage is expected to be the highest this year due to the COVID-19 pandemic and will push millions into unprecedented hunger.

This new smart city initiative is looks to uplift the lives of slum dwellers in Kenya

Kenya’s Kibera slum is home to more than 900,000 people and as Africa’s biggest informal living settlement, economic conditions are dire. But could a new smart city initiative help improve the lives of dwellers in the slums? Alan Marcus, Chief Digital Officer at Planet Smart City spoke to CNBC Africa for more.

Somalia announces petroleum leadership

Somalia’s prime minister early this year ratified the country’s first ever petroleum law with the aim of setting up the Somalia Petroleum Authority. Now that leadership of the petroleum body is in place, will they be able to tackle the various challenges faced by the body? CNBC Africa spoke to Ibrahim Hussein, Chairman and CEO of the Somalia Petroleum Authority for more.

Rwanda’s I&M Bank delivers solid H1 results despite COVID-19 headwinds

After posting impressive results for the first quarter of 2020, I & M Bank Rwanda seems to continue on the same trajectory in the second quarter, joining CNBC Africa to unpack the bank’s first half performance is the Managing Director, Robin Bairstow.

Africa Press Office

Coronavirus – South Africa: Lessons of HIV/AIDS key to halting COVID-19 slide, says Red Cross

Download logoA senior Red Cross official has warned that South Africa needed to learn lessons from the country’s fight against HIV/AIDS to help curb the rise in the number of people testing positive for COVID-19, as the number crossed the half a million mark on 1 August 2020. South Africa is the worst affected nation on the African continent, and currently has the fifth highest number of people testing positive worldwide, after the United States, Brazil, India and Russia. Dr Michael Ch

Coronavirus – Africa: COVID-19 WHO Africa Update 7.08.2020

Over 1,000,000 confirmed COVID19 cases on the African continent - with more than 690,000 recoveries & more than 22,000 deaths cumulatively. View country figures & more with the WHO African Region COVID-19 Dashboard: https://arcg.is/XvuSX   Distributed by APO Group on behalf of WHO Regional Office for Africa.Media filesDownload logo

Coronavirus – Rwanda: Update COVID-19 (6 August 2020)

Download logoSeven (7) new COVID-19 cases were identified out of 3196 samples tested today. This brings the cumulative number of confirmed cases to two thousand, one hundred and eleven (2111). To date, one thousand, two hundred and fifty-eight (1258) patients have recovered and been discharged, including twenty-one (21) in the past 24 hours. The number of active cases is eight hundred and forty-eight (848) and five (5) deaths. The new cases are in Kiagali (5) from high risk groups, and Rusizi

Coronavirus: African Union Member States reporting COVID-19 cases as at 7 August 9am EAT

African Union Member States (55) reporting COVID-19 cases (1,007,366) deaths (22,066), and recoveries (690,436) by region:  Central (49,648 cases; 945 deaths; 36,324 recoveries):  Burundi (400; 1; 304), Cameroon (17,255; 387; 15,320), CAR (4,620; 59; 1,641), Chad (942; 76; 838), Congo (3,637; 58; 1,585), DRC (9,308; 215; 8,048), Equatorial Guinea (4,821; 83; 2,182), Gabon (7,787; 51; 5,609), Sao Tome & Principe (878; 15; 797) Eastern (85,624; 1,908; 47,356): Comoros (388; 7; 340)

Coronavirus – Nigeria: Kaduna State and WHO scale up COVID-19 and Tuberculosis (TB) search with mobile testing in communities

Download logoWorld Health Organization (WHO) Nigeria has supported the screening of 2306 persons for COVID-19 and 2506 persons for Tuberculosis (TB), using Chest X-Ray, and GeneXpert machine through mobile testing in Kaduna State communities. Already, 265 COVID-19 cases and 105 presumptive with eight TB cases were diagnosed in six weeks (June and July 2020). Presently, Kaduna State is witnessing over 50% reduction in hospital attendance and access to services due to disruption of routine esse

Rugby, Books & Entrepreneurship

National team players Celestine Masinde and Jacob Ojee share their experiences about rugby,books and entrepreneurship tonight at 7.00pm. Celestine Masinde plays her club rugby for Stanbic Mwamba and is a member of the Kenya Women's national team and an Olympian, having represented Kenya as part of the Kenya Lionesses squad in rugby sevens at the 2016 Olympic Games in Rio de Janeiro, Brazil. She holds a Bachelor's Degree in Accounting from St. Paul's University, Limuru. Jacob Ojee

Sign up for free newsletters and get more CNBC delivered to your inbox