Never before has the world seen a funding crisis like the one it is experiencing as a result of COVID-19 and lockdowns. Any new funding available is swallowed up within days. Is this the case with the World Bank and IFC’s $14 billion package? Sérgio Pimenta, IFC’s Vice President for the Middle East and Africa joins CNBC Africa for more.
As South Africa settles into the second week of the COVID-19 lockdown many have expected the lockdown to be extended, if this is so, the economic repercussions for the country could be dire. Joining CNBC Africa to unpack the possibilities of economic stimulation and growth during and after the COVID-19 crisis is Jacques Nel, Head of Africa Macro-economic Research at NKC African Economics and Miyelani Maluleki, Economist at Absa Corporate and Investment Banking.
Oil prices rose in trade this morning as the world’s largest oil producers meet later today in what is expected to be a historic agreement to cut production. This market expectation comes at a time when the industry is battling with the impact of the coronavirus crisis on oil demand. Rui Oliveira, CEO at BFA Asset Management joins CNBC Africa to give an Angolan update of the COVID-19 outbreak.
One of the phrases that’s been used quite a bit throughout the coverage of the COVID-19 pandemic has been, “flattening the curve”; the concept of slowing the spread of the virus so that fewer people need seek treatment at the same time, accommodating healthcare capacity in a given area. But how does this happen? One of the ways is more self-diagnostic materials in better equipped first stop clinics. Health tech company Ilara Health has launched a readiness package for Kenyan peri-urban clinics and CEO Emilian Popa joins CNBC Africa for more.
With a generous donation from the private sector and a new total of five recovered COVID-19 cases, it seems Tanzania is making headway in its fight against the virus, but what are the latest measures that have been put in place to curb its spread? How will the government overcome new challenges arising everyday? Bankable Partner, Ivan Tarimo joins CNBC Africa for more.
Growth in Sub-Saharan Africa has been significantly impacted by the COVID-19 pandemic and is forecast to fall from 2.4% in 2019 to -2.1% to -5.1% in 2020, the first recession in the region over the past 25 years, according to the World Bank’s latest Africa’s Pulse report.
The economic damage has already been done in most sectors. The South African Reserve Bank has warned that the lockdown could cause 370,000 people to lose their jobs and 1,600 businesses to go under.
Dis-Chem has injected R2 million into the Solidarity Fund, joining a number of South African companies that are doing their part to fight the spread of the coronavirus. The pharmaceutical retailer has also launched drive through testing stations for Covid-19 at some of its stores. Dis-Chem Co-founder, Lynette Saltzman joins CNBC Africa for more.