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<p>British Prime Minister Boris Johnson and Kenya’s President Uhuru Kenyatta agreed to start negotiations for a post-Brexit trade agreement between the two nations. Economic Analyst, Reginald Kadzuzu joins CNBC Africa for more.</p>


Kenya

Kenya, UK to resume talks on trade deal

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<p>A $70 million investment deal for cold storage; a partnership to see 5G rolled out to the most remote locations; and the beginning of construction for the Nairobi Railway City; these are the headlines making news in Kenya and CNBC Africa spoke to Journalist, Joseph Bonyo for more.</p>


Safaricom

Safaricom, Aviate Networks partner to roll out 5G to remote locations

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<p>The European Union has released an additional 15 million euros to the fight against desert locusts in East Africa ahead of a potential new wave of swarms in the region. This comes after the EU granted 11 million euros back in February of this year for the same. The Food and Agriculture Organisation is one of the bodies set to receive the funds for this and CNBC Africa spoke to Cyril Ferrand, Senior Technical Officer and Team Leader for Eastern Africa Resilience for more.</p>


EU injects additional $17mn to tackle desert locusts ravaging East Africa

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<p>The COVID-19 pandemic has exposed gaps in the healthcare systems around the world. The Access to Medicine Foundation says after decades of investment for ending HIV, malaria and tuberculosis pandemics, the progress made in protecting children from these diseases is now at risk due to disruptions caused by the Covid-19 pandemic. Jayasree Iyer,  Executive Director, Access to Medicine Foundation joins CNBC Africa’s Kenneth Igbomor to explore how best to address Africa’s disease burden&#8230;.</p>


COVID-19: How to address Africa’s disease burden amidst a pandemic


<p>TUNIS (Reuters) &#8211; Tunisia has asked four countries to delay debt repayments, it said on Monday as it announced more pessimistic economic and budget forecasts for 2020 because of the coronavirus pandemic.</p>



<p>It is negotiating with Saudi Arabia, Qatar, France and Italy to push back the payments, Investment Minister Slim Azzabi told a news conference. Tunisia also hoped to arrange a new deal within four months with the International Monetary Fund.</p>



<p>The request on debt repayments underscores the dire condition of Tunisia’s public finances, already a source of concern before the coronavirus crisis pummelled the global economy.</p>



<p>Azzabi said he expected the Tunisian economy to shrink by 6.5% this year because of the pandemic. Tunisia imposed a complete lockdown from March until May and has gradually reopened since, though some businesses remain closed.</p>



<p>The pandemic is particularly hammering the tourism sector, which contributes nearly 10% of gross domestic product (GDP) and is an important source of foreign currency.</p>



<p>Tourism revenue in the first six months of the year fell by half from the same period of 2019 as Tunisia closed its borders and travel for Western tourists grew more expensive and complex.</p>



<p>The government, which took office in February after months of political wrangling following last year’s election, was already seeking to reduce the deficit and bring down public debt.</p>



<p>Finance Minister Nizar Yaich told the same news conference on Monday that he now expected the budget deficit to widen to about 7% of GDP from the 3% previously expected.</p>


7652238210_e5c2735f9e_b

Tunisia seeks late debt payments as crisis hits economy, state budget

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<p>Alcohol is once again the centre of attention in South Africa, with another ban imposed on its sale and distribution. Healthcare professionals have reported that with the increasing number of trauma cases attributed to alcohol consumption, hospitals are running out of beds. The South African government continues to try and mitigate the impacts of the COVID-19 pandemic on the economy and on the health system. Joining CNBC Africa for this discussion are Lucky Ntimane, Convener for the National Liquor Traders Council, Busi Mavuso, CEO of Business Leadership South Africa and Doctor Devorah Leigh Weinberg from Baragwanath Hospital&#8230;.</p>


COVID-19 lock-down: Why alcohol ban won’t address SA’s binge drinking problem

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<p>Digital transformation is a regarded as a key to drive up financial inclusion in Africa and open banking is one of the trends that are reshaping financial services. Polys Hadjikyriakos, Chief Business Development Officer at NETinfo Plc explains why the continent should embrace it.</p>


Why Africa should embrace open banking

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<p>Kenya-based SME consultancy firm, Viffa Consult, has begun identifying sectors with growth potential for SMEs and entrepreneurs to explore despite COVID-19 challenges. They’ve today released the first report in what will be a series, all about the coconut commodity market in Kenya. CNBC Africa spoke to Managing Director, Victor Otieno for more.</p>


How to identify potential growth sectors for SMEs amid COVID-19

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<p>In Uganda like elsewhere, COVID-19 has made the situation for small businesses exceptionally challenging. Now in efforts to soften the blow, United Nations Development Programme has in partnership with Stanbic Bank Uganda launched a facility that aims to help small businesses recover from the impacts of the pandemic. Elsie Attafuah, UNDP Uganda Representative joins CNBC Africa for more.</p>


Uganda unveils new facility to help its SMEs recover from COVID-19

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<p>With the recent 5.5 per cent devaluation in naira at the SMIS window, what currency risks are Nigerian businesses exposed to? Winston Osuchukwu, Co-Founder of Trans-Sahara Incorporated joins CNBC Africa for more.</p>


How the naira devaluation impacts Nigerian businesses

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<p>Cote d&#8217;Ivoire&#8217;s Vice President, Daniel Kablan Duncan has resigned just days after the death of Prime Minister, Amadou Gon Coulibaly. Ayalenesh Tafesse, Country Risk Analyst at Rand Merchant Bank joins CNBC Africa to assess the impact of the Covid-19 pandemic and recent events on cocoa-producing country&#8217;s growth trajectory.</p>


Cote d’Ivoire’s prime minister resigns due to personal reasons

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<p>Nigeria plans to enter the second phase of easing of restrictions on domestic flights from Wednesday. Evarest Nnaji, CEO, Oas Helicopters joins CNBC Africa for more.</p>


Oas Helicopters CEO on how COVID-19 has impacted Nigeria’s aviation industry

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<p>Africa’s venture capital industry has been growing from strength to strength as 613 deals worth $3.9 billion were reported between 2014 and 2019. That’s according to the African Private Equity and Venture Capital Association. Chair of the Board of the Association and Co-founder of Alitheia Capital, Tokunboh Ishmael joins CNBC Africa for more.</p>


Alitheia Capital on the future of Africa’s private equity & venture capital industry

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<p>Rwanda’s coffee prices have taken a hit on the international global market as the effects on the supply chains take their toll on agriculture exports, but could they rebound back soon? Uwera Robinah, International and Regional Market Development Specialist at the National Agriculture Export Board joins CNBC Africa for more.</p>


How Rwanda’s coffee industry plans to recover from COVID-19 induced disruptions


<p>JOHANNESBURG (Reuters) &#8211; South Africa’s rand firmed early on Monday, helped by increased risk appetite as investors bet again on a global economic recovery.</p>



<p>The rand was 0.36% stronger at 16.7100 against the dollar at 0645 GMT, its best level since June 11, having gained steadily since opening above the 17.00 mark last Monday.</p>



<p>The gains have been driven mainly by global sentiment rather than domestic factors, with investors searching for high yields on hopes for a quick economic recovery despite a global surge in COVID-19 infections.</p>



<p>Emerging market currencies rose in unison, taking advantage of a dollar weighed down by the United States’ battle to contain the spread of the coronavirus as well as some investor caution ahead of data releases due in the world’s top economy.</p>



<p>Traders, however, expect the rand to face to some selling pressure later in the week, with power utility Eskom announcing that nationwide controlled blackouts would continue on Monday.</p>



<p>“The rand juggled cautious sentiment &#8211; as coronavirus infections are surging across the globe and frustration hit as South African power utility Eskom switched off the lights &#8211; against a soft U.S. PPI (producer price index) release,” said analysts at NKC African Economics in a note.</p>



<p>Bonds also firmed, with the yield on the benchmark 2030 government issue down 2 basis points at 9.475%.</p>


south-africa-cape-town-griqua-town-r5-griqua-town-coin

South African rand firms as dollar wobble lifts emerging currencies

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<p>South Africa’s first clinical trial of a COVID-19 vaccine is entering its fourth week, with around 2000 volunteers participating. However, following the start of the trial, anti-vaccine protestors took to the streets to convey their concerns and sentiments with vaccine testing. Thabani Maphosa, Managing Director for Country Programmes at Gavi spoke to CNBC Africa for more.</p>


COVID-19: Understanding anti-vaccine sentiment in South Africa

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<p>CNBC Africa spoke with William Dachs, CEO of the Gautrain about a public transport outlook amid the COVID-19 crisis and how the Gautrain is faring during these times.</p>


Coronavirus

Kenya, UK to resume talks on trade deal

Safaricom, Aviate Networks partner to roll out 5G to remote locations

EU injects additional $17mn to tackle desert locusts ravaging East Africa

COVID-19: How to address Africa’s disease burden amidst a pandemic

Tunisia seeks late debt payments as crisis hits economy, state budget

COVID-19 lock-down: Why alcohol ban won’t address SA’s binge drinking problem

Why Africa should embrace open banking

How to identify potential growth sectors for SMEs amid COVID-19

Uganda unveils new facility to help its SMEs recover from COVID-19

How the naira devaluation impacts Nigerian businesses

Cote d’Ivoire’s prime minister resigns due to personal reasons

Oas Helicopters CEO on how COVID-19 has impacted Nigeria’s aviation industry

Alitheia Capital on the future of Africa’s private equity & venture capital industry

How Rwanda’s coffee industry plans to recover from COVID-19 induced disruptions

South African rand firms as dollar wobble lifts emerging currencies

COVID-19: Understanding anti-vaccine sentiment in South Africa

William Dachs on how COVID-19 is impacting Gautrain operations

News Tips

Advertise With Us

Coronavirus

Kenya, UK to resume talks on trade deal

Safaricom, Aviate Networks partner to roll out 5G to remote locations

EU injects additional $17mn to tackle desert locusts ravaging East Africa

COVID-19: How to address Africa’s disease burden amidst a pandemic

Tunisia seeks late debt payments as crisis hits economy, state budget

COVID-19 lock-down: Why alcohol ban won’t address SA’s binge drinking problem

Why Africa should embrace open banking

How to identify potential growth sectors for SMEs amid COVID-19

Uganda unveils new facility to help its SMEs recover from COVID-19

How the naira devaluation impacts Nigerian businesses

Cote d’Ivoire’s prime minister resigns due to personal reasons

Oas Helicopters CEO on how COVID-19 has impacted Nigeria’s aviation industry

Alitheia Capital on the future of Africa’s private equity & venture capital industry

How Rwanda’s coffee industry plans to recover from COVID-19 induced disruptions

South African rand firms as dollar wobble lifts emerging currencies

COVID-19: Understanding anti-vaccine sentiment in South Africa

William Dachs on how COVID-19 is impacting Gautrain operations

News Tips

Advertise With Us

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