Nigeria has confirmed its first case of the novel coronavirus disease after an Italian business traveller arrived in Lagos on the 27th of February.
Doyin Odubanjo, executive secretary at The Nigerian Academy of Science and past chair, Association of Public Health Physicians of Nigeria, spoke to The Conversation Africa on tips for people to stay safe.
Mozambique is seen as a growth potential for investment opportunities, according to the International Monetary Fund its GDP is predicted at 5.5 per cent in 2020 and inflation projected to remain low, increasing slightly to 5 per cent at the end of the year. Ettiene Erasmus, Entrepreneur of Mozambique Property Developments & Investments joins CNBC Africa for more.
The brewing industry has always attracted double digit growth due to the demand of beer, wine and other spirit drinks. The Covid-19 pandemic has however dealt a hard blow to the industry, with bars and pubs forced to close as part of the measures to curb the spread of the disease. Andrew Cowan, Group Managing Director and CEO, East African Breweries Limited joins CNBC Africa for more.
COVID-19 has had a significant economic impact across East Africa, from macro to consumer-level. Global shocks and local restrictions aimed at curbing the virus spread have severely impacted businesses across sectors but how can they bounce back? CNBC Africa’s Arnold Kwizera spoke to Mills Schenck, Managing Director and Partner at the BCG Nairobi for more.
The Afrimat Construction Index for the first quarter of 2020 has shown significantly depressed figures with the index itself falling by more than 27 per cent. Roelof Botha, Economist and Head of the Afrimat Construction Index, urges that these figures prove how important the recovery plan is for the construction sector.
Just last week finance minister Tito Mboweni outlined the emergency budget to nurse South Africa through the Covid-19 crisis. A big part of this budget was a plan for South Africa to get its debt under control within four years. Fitch Ratings, the agency that downgraded South Africa in April doubts whether South Africa can do this. CNBC Africa’s Chris Bishop spoke to Jan Friederich, Senior Director of Fitch Ratings for more.
Rwanda has signed a financing agreement with the USAID worth about $643.8 million to support Rwanda’s development efforts in the next five years. Moreover, Rwanda Convention Bureau announced the reopening of meetings and conferences. Edwin Ashimwe, Journalist with The New times joins CNBC Africa for more.
On the continent, there has been an increased awareness of the impact of cultural practices on educational achievement that has challenged the education systems. In Kenya, the government is investing in all forms of education; however, experts have noted that for the rise of automation and technological advancements to be effective, an updated skill set is required. Ayub Odida, Researcher at ACAL Consulting joins CNBC Africa for more.
“We are delighted at Iain’s appointment. Over the last year, Iain has worked to steer Old Mutual through some significant leadership and operational challenges, demonstrating resilience and an acute sense of business acumen aligned to the Group’s values, purpose, and strategy. On behalf of the Board, we wish to thank him for his contribution during this time. We are confident that he will continue to galvanise the organisation around the delivery of its strategy and purpose and we look forward to working with him in this regard,” says Old Mutual Chairperson, Trevor Manuel.
When the farm invasions were unleashed by the people in power in 2000, it led to bloodshed and random confiscation that reaped a bitter harvest of lost production and exports that persists until this day. That year with all of its fumbling fury fuelled with the idea that to get rich you merely had to own a farm, is always seen as a turning point for the industry. It created a large slice of the country’s GDP and as it fell, so did the fortunes of Zimbabwe.
Of all the industries the coronavirus pandemic has affected, the airline industry is among those that have been hit the hardest. According to the International Air Transport Association, airlines' passenger revenue is estimated to sink by over $300 b
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