As households and businesses in South Africa struggle to cope with the current economic turmoil and uncertainty brought upon by the COVID-19 pandemic, the Prudential Authority (PA) has welcomed the measures taken by banks to support their customers financially.
Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed, says the federal government plans to engage insurers for special products for healthcare workers.
Some Nigerians stranded abroad have asked to be brought back home as the COVID-19 outbreak bites harder across the world. Nigeria's Ministry of Foreign Affairs has asked all its missions abroad to compile a list of willing Nigerians who want to come back home. Abike Dabiri-Erewa, Chairman and CEO of Nigerians in Diaspora Commission joins CNBC Africa for more.
South Africa is a net exporter of food but with lockdown and COVID-19 some farmers are finding it difficult to cope financially.
As the economy faces one of its toughest battles yet, one industry that is feeling the brunt of the economic fallout is the property sector. Last week the South African Real Estate Investment Trust Association made an urgent request to the National Treasury for provisional relief of the REIT tax rules and joining CNBC Africa for more is Estienne de Klerk, SA REIT Chairman and CEO of Growthpoint SA.
Ride hailing service Bolt is revving up its services to help fight against the COVID-19 spread, the company has established an Isolated Cars category to ensure individuals can choose their choice of space in a car as well as a Bolt Business Delivery service which helps essential services deliver their goods during the COVID-19 lockdown. Gareth Taylor, Country Manager for Bolt South Africa joins CNBC Africa for more.
The harsh realities of being an entrepreneur. He first had to deal with the dot-com crash, now his coffee business is being hit by...
Entrepreneur Jonathan Robinson saw his dotcom dream disappear overnight, he awoke from the nightmare to smell the coffee only to suffer COVID-19.
On the 25th of March, the International Monetary Fund and the World Bank issued a joint statement to the G20 nations concerning debt relief for the poorest countries. Meanwhile African finance ministers recently met for a second time virtually and welcomed the IMF and World Bank’s call for bilateral creditors to suspend debt payments for poor countries at a time where African economies are at a stand-still due to the challenges posed by the coronavirus outbreak. Abebe Selasie, Director of the African Department of the IMF joins CNBC Africa's Chris Bishop and Kenneth Igbomor to explore other roles the IMF play in helping African economies better manage the crisis....