How COVID-19 is impacting Rwanda’s real estate sector

As the effects of the Covid-19 pandemic continue being felt world over, real estate companies are being impacted in different ways depending on region and asset class. CNBC Africa spoke to Paul Rwigamba, Director of project and property management at Century Real Estate, to understand the impact of the global pandemic on the real estate sector in Rwanda.

Nigeria further eases COVID-19 restrictions

Starting today, Nigeria has further relaxed restrictions on places of worship even as confirmed Covid-19 cases reach 10,578, Sam Chidoka, Managing Director and CEO of Kairos Capital joins CNBC Africa more.

9mobile’s new CEO shares plans for growth

The Board of Directors of 9mobile have announced the appointment of Alan Sinfield as the substantive Chief Executive Officer of the company. He joins CNBC Africa to discuss his plans for the company going forward.

Ghana taps technology for seamless customs procedures

As Ghana moves to adopt seamless procedures on the import and export of goods through an electronic customs management system. Yofi Grant, CEO of the Ghana Investment Promotion Centre joins CNBC Africa for more.
South Africa
35,812
Total confirmed cases
Nigeria
10,819
Total confirmed cases
Ghana
8,297
Total confirmed cases
Kenya
2,093
Total confirmed cases

Total confirmed cases

Total confirmed cases by select countries. Data provided by a third-party and refreshes at the end of each day.

Mauritius
335
Total confirmed cases
Uganda
489
Total confirmed cases
Rwanda
384
Total confirmed cases
Egypt
27,536
Total confirmed cases

COVID-19: ILO’s latest analysis of impact on the labour market

According to a recent report by the International Labour Organization, the Covid-19 pandemic is inflicting a triple shock on young people. Not only is the pandemic destroying their employment, but it is also disrupting their education and training and placing major obstacles in the way of those seeking to enter the labour market. Jealous Chirove, ILO’s Employment Specialist for East Africa, for more on this.
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COVID-19: Are Rwanda’s taxi motorbikes equipped for return?

Last night the Rwandan Prime Minister's office announced that the previously slated date of reopening of passenger motorbikes - which was meant to be today - has been extended until further notice. As the country gears up to reallow taxi-motorbikes to start operating again after over 2 months of being out of service due to Covid-19 measures; tech and mobility company, Pascal Technology has been hard at work equipping them to meet new regulatory measures. CNBC Africa spoke to Pascal Ndizeye, CEO and Founder, Pascal Technology to gauge their progress.

Health care group RH Bophelo lists on the Rwanda Stock Exchange

South African multi-million health care company, RH Bophelo today cross-listed on the Rwanda Stock Exchange, making it the 9th company to be listed on the RSE stock market. This comes at a time when another South African company, Cimerwa PPC is also planning the same move. Celestin Rwabukumba, CEO, Rwanda Stock Exchange joins CNBC Africa for more.

The role of financial players in Rwanda’s post COVID-19 recovery

Financial institutions are expected to be central in the bounce-back of small and medium enterprises post-COVID-19. But how much of a role will it be? CNBC Africa's Arnold Kwizera spoke to Jane Mwangi, Managing Director, KCB Foundation for more.

Grading Buhari’s economic performance over the past 5 years

May 29th marked five years since President Muhammadu Buhari took over leadership in Nigeria. One year into his second tenure as president, Vincent Nwani, a Business and Investment Consultant joins CNBC Africa for an economic scorecard of Buhari’s lead administration.

Zimbabwe tightens coronavirus lockdown in capital Harare as cases hit 203

Zimbabwean troops and police on Tuesday tightened the coronavirus lockdown in the capital Harare, blocking many cars and buses from entering the central business district as cases of infections increased.

Capital Appreciation’s Bradley Sacks on COVID-19 impact on business

Capital Appreciation, a JSE fintech player raised its final dividend by over 17 per cent following an increase in annual revenue and profits. The payment solutions provider saw increased demand for its digital and cloud based services and said the Covid-19 pandemic has not impacted earnings negatively. Bradley Sacks, Joint CEO at Capital Appreciation joins CNBC Africa for more.

COVID-19 lock-down: This is how much SA’s alcohol ban cost the economy

After a two month ban on liquor sales, stores reopened today and thirsty consumers were waiting in line to replenish their stock. While the industry expects liquor sales to spike in the coming days, the ban on sales during the Covid-19 lock-downs has cost over 117,000 jobs. That’s according to the South African Liquor Brand owners Association (SALBA). SALBA CEO, Kurt Moore joins CNBC Africa for more.

Absa May manufacturing index surprises

The rand is rallying. Eight million people are back at work. Petrol will cost one rand and eighteen cents per litre more from next month and the latest Absa Purchasing Managers Index business activity sub-index rebounded to 43.2 in May after collapsing to an all-time low of 5.1 in April. The magnitude of the increase is surprising, given that most parts of the manufacturing sector could only operate at 30 per cent of employment capacity in May due to lockdown. Miyelani Maluleke, Economist at Absa Corporate and Investment Banking joins CNBC Africa for more.

Arunma Oteh on Adesina’s probe & why COVID-19 represents an opportunity for Africa

Some former African presidents have shown their support for the president of the African Development Bank, Akinwunmi Adesina. This was in a letter over the 16 count allegations levelled against him to which Adesina had stated his innocence. Although the ethics committee of the board of directors of the continental bank has cleared Adesina of these charges, the United States which is one of the major shareholders of the bank has called for an independent probe into the allegations.

COVID-19: Is food security and nutrition a priority?

The effects of the COVID-19 pandemic are being seen across almost all sectors and with various lockdowns, the agriculture supply, and value chains haven't been spared either. WWFP estimates more than 20 million people are food insecure in the region and might need some form of help but how big of an issue could they be facing in the future? Nathanial Peterson, VP Partnerships, Busara Center for Behavioral Economics joins CNBC Africa for more.

COVID-19: Moody’s downgrades Botswana’s A2 sovereign ratings from stable to negative

Moody’s has changed Botswana’s A2 sovereign ratings from stable to Negative due to the Covid-19 shock to growth and revenue on the economy and its diamond sector. Joining CNBC Africa more is Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking.

True business resilience demands fresh perspectives and putting best practice top of mind (By Dr. Ibrahim Abduba)

By Dr. Ibrahim Abduba, ERPM Strategy and Business Development Leader – East & West Africa at Oracle It has been said over and over by a multitude of business systems experts. One of the greatest barriers to digital transformation is not technological. It is human resistance to change. Within an enterprise, a wholesale culture shift is needed for digitalisation to take hold and be used to its full efficiency-boosting potential. Of course, enterprises are now operating in a context of

Coronavirus – Malawi: COVID-19 Daily Information Update (2nd June 2020)

New cases: 22 Total confirmed cases: 358 Total active cases: 312 Total recovered: 42 Total number of tests conducted: 5505 Total deaths: 4Distributed by APO Group on behalf of Ministry of Health and Population, Republic of Malawi.Media filesDownload logo

Coronavirus – Somalia: Update on COVID-19 in Somalia (2 June 2020)

Download logoNew cases confirmed today: 66 Benadir: 33 Somaliland: 26 Puntland: 7 Male: 42 Female: 24 Recovery: 19 Death: 0 Total confirmed cases: 2,089 Total recoveries: 380 Total deaths: 79Distributed by APO Group on behalf of Ministry of Health & Human Services, Federal Republic of Somalia.

Coronavirus – African Union Member States (54) reporting COVID-19 cases (153,325) deaths (4,356), and recoveries (64,793)

African Union Member States (54) reporting COVID-19 cases (153,325) deaths (4,356), and recoveries (64,793) by region: Central (16,572 cases; 403 deaths; 5,847 recoveries): Burundi (63; 1; 33), Cameroon (6,397; 199; 3,629), Central African Republic (1,069; 4; 23), Chad (790; 66; 539), Congo (618; 20; 179), DRC (3,195; 72; 454), Equatorial Guinea (1,306; 12; 200), Gabon (2,655; 17; 722), Sao Tome & Principe (479; 12; 68). Eastern (18,098; 537; 5,317): Comoros (106; 2; 26), Djibouti (3,779;

Coronavirus – Sierra Leone: COVID-19 Updates (Tuesday, 2nd June 2020, Time: 11:00)

New cases: 31 Confirmed cases: 896 At Isolation Centres: 370 Recovered: 480 Deaths: 46 In quarantine: 1,885 Out of quarantine: 4,497 Gender Confirmed Female - 461 Male - 435 Places Confirmed cases by district Bo 42 Bonthe 28 Bombali 20 Falaba 4 Kailahun 19 Kambia 1 Karene
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COVID-19: This virtual concert campaign is bringing together African artists for charity

The COVID-19 pandemic has affected livelihoods across the continent and different initiatives have been instituted to support them. One of them is a campaign dubbed “We are one Africa” which aims to sustain various communities and groups through virtual concerts. Project Manager, Andrew Alovi joins CNBC Africa for more.

Kenya’s tech sector unveils video conferencing system

Kenya has recently launched the first made-in-Africa video conferencing system that will enable users to enjoy better quality calls with unlimited attendees, at more affordable prices. The video conferencing system will also enable African countries to retain the fees in local economies, compared to competition that repatriates it off the continent. Jay Shapiro, CEO and Co-Founder of Usiku Games joins CNBC Africa for more.

How bus-sharing start-up PlentyWaka is adapting to COVID-19

After a one-month hiatus due to the COVID-19 lock-down in Lagos, bus-hailing company, PlentyWaka says they have re-launched their operations and have announced an expansion of their services. Johnny Enagwolor, Managing Director of PlentyWaka joins CNBC Africa to discuss how this pandemic is changing the ride-hailing business in Nigeria.
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Must Read

COVID-19: This property tech start-up is bringing back the drive-in cinemas to SA

Covid-19 has prevented the entire world from participating in the small pleasures in life like going to the car-wash or watching a movie in the cinema. Companies have been forced to adapt and change business models that would adhere to safe social distancing measures and limited physical interaction in the wake of the Covid-19 outbreak. One such company is a Property Technology start-up called ParkUpp, they have partnered with a drive-in cinema company to launch drive- cinemas across the country. The cinemas will be set up in quirky and unique venues to fully indulge in the experience of watching movies. Joining CNBC Africa for more is Palesa Moloi, CEO and Co-Founder at ParkUpp.

The extent of the impact of COVID-19 on Kenyan manufacturing

A study has shown that COVID-19 has caused cash flow constraints for an estimated 79 per cent of manufacturers in Kenya resulting in reduction of casual labourers by 40 per cent and 17 per cent of the permanent workers. Job Wanjohi, Head of Policy at Kenya Association of Manufacturers joined CNBC Africa for more.

East African youth ready to step up in fight against Covid-19

Yesterday the findings of an East African Covid-19 Youth survey of over 400 young people from the region were released. The survey was conducted by youth leadership development program, YouLead in partnership with Restless Development and others; and among the findings it was revealed that at least 90 per cent of the participants would want to play an active role in their country’s response efforts if they were given the opportunity. CNBC Africa spoke to the Country Director of Restless Development Uganda, Catherine Rodgers and one of the participants in the survey, Patrick Karekezi for more.

Here’s how Invest In Africa is helping Kenyan SMEs survive Covid-19

With Small and Medium-sized Enterprises (SMEs) and the informal sector making up a vast majority of the businesses and job opportunities in sub-Saharan Africa, ensuring their survival is crucial to the continent’s economic recovery and growth post Covid-19. CNBC Africa spoke to Wangechi Muriuki, Country Manager of Invest In Africa Kenya to learn more about what’s being done to provide this necessary support.

How COVID-19 impacts access to sustainable energy in SSA

The World Bank says despite accelerated progress over the past decade, the world is expected to fall short of the SDG 7 target. In its just-released 2020 edition of the Energy Progress Report, the World Bank says under current policies, an estimated 620 million people would still lack access to electricity in 2030, and 85 per cent of them will be in sub-Saharan Africa. Makhtar Diop, the Vice President for Infrastructure at the World Bank joins CNBC Africa to discuss the findings of this report.

How to address Africa’s ventilator shortage

Ventilators are an essential tool in the fight against Covid-19. But the continent is suffering from a severe supply shortage. Statistics show there are fewer than 2000 ventilators serving millions of people in Africa. In an attempt to fill the air in Africa’s ventilator market, Uni-Life 100 has launched a new ventilator system to provide mass treatment to patients across the continent. Bob Elshove, Sales Director at Unique Group joins CNBC Africa for more.

RDO’s Mugwaneza on the need to invest in post-harvest agriculture technology

Rwanda’s agriculture sector employs 80 per cent of the population and contributes 33 per cent to her GDP growth. Now, with Covid-19, many farmers have incurred losses due to difficulties in the market and agriculture players have reiterated the need for investing in post-harvest agriculture technologies. Diana Mugwaneza, Programs Officer at Rwanda Development Organization, joins CNBC Africa for more.

91-year-old business titan’s mission to raise R108mn to feed the hungry

The old saying, “Age ain’t nothing but a number” has never been more true for 91-year-old business veteran Solly Krok. The entrepreneur who built the Gold Reef City casino, South Africa’s only Apartheid Museum and events facility Summer Place is not done yet. His latest business venture involves putting his legs to the test. Solly plans to walk 91 km to raise over a million rand to fund hunger and food security in South Africa, made worse by Covid-19.

Kenyan government under fire over coronavirus quarantine centres

Kenya’s government is facing growing criticism over quarantine centres it set up to curb the spread of the coronavirus, with witnesses saying some are squalid and expose residents to the risk of catching COVID-19.

Rwandan entrepreneurs treated to Covid-19 business survival boot camp

Access to Finance Rwanda in partnership with the African Management institute, the Private Sector Federation and others, has launched a new webinar series dubbed, ‘The Business Survival Bootcamp’, through their website, SME Response Clinic. The program is designed to help entrepreneurs navigate the unique challenges that have presented themselves as a result of the Covid-19 pandemic and is slated to begin next week. Head of Programs at AFR, Jean Bosco Iyacu joins CNBC Africa for more.

How can Africa’s private equity firms weather the COVID-19 storm?

East Africa's share of private equity transactions has slowly been rising over the years, but this growth momentum has now been disrupted by the Covid-19 pandemic. What will it take for private equity firms in the region to weather the Covid-19 storm and bounce back? David Owino, Managing Partner at Ascent Capital joins CNBC Africa for more.

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Market Wrap: Telcos & Nigeria’s capital markets

9mobile’s newly appointed Substantive CEO, Alan Sinfield, says the goal is to build on the company’s strong foundation. But what opportunities does Nigeria's capital market present for telcos should they want to tap the markets? Stockbroker and Capital Market Analyst, Rotimi Fakayejo joins CNBC Africa more....

RMB’s outlook for Nigeria’s sugar industry

Rand Merchant Bank Nigeria says Dangote Sugar’s recently released FY 2019 and first-quarter results show an improvement in sales. Joining CNBC Africa to breakdown these earnings is Feyisike Ilemore, Research Analyst at RMB Nigeria.

Kigali City mayor on building an inclusive city

The population of Rwanda’s capital Kigali is projected to grow to around 4 million in 2050 from less than 2 million currently. The mayor of the city Pudence Rubingisa explains how the city can grow without leaving anyone behind.

Unlocking peer to peer employment growth

Thousands and in some countries millions of people are going to be left jobless as an effect of the Covid-19 pandemic, but could this present an opportunity to unlock peer to peer employment growth? Josh Adler, Executive Director at Anzisha Prize joined CNBC Africa for more.

COVID-19: Betting on SA Inc stocks

More localisation, less globalisation – that’s what many are saying will be outcome of the Covid-19 pandemic following severe disruptions to global supply chains. This backdrop is expected to reverse the weak market fundamentals many South African focused companies have faced and could make some a good buy in the long term. That’s according to Wealth Management Group Oasis. Adam Ebrahim, Oasis Chief Investment Officer joins CNBC Africa for more.

28 banks accused of rand manipulation

Twenty eight banks are in the hot seat after the Competition Commission filed a new charge sheet against them to the Tribunal requesting they be prosecuted. The banks are accused of colluding to manipulate the dollar/ rand currency pair trading.to fix prices and divide markets, in contravention of the Competition Act. The banks now have an opportunity to respond to the charges. Hardin Ratshisusu, Deputy Commissioner of the Competition Commission joins CNBC Africa for more.
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African Bank CEO on how the bank is cushioning its customers from the effects of COVID-19

The Covid-19 lock-down has put pressure on individuals and businesses’ finances like never before. But what can be done to ease the pressure? Basani Maluleke, CEO, African Bank joins CNBC Africa for more.

How can professional athletes weather the COVID-19 crisis?

This year was supposed to be one of the biggest sports years for Kenya and East Africa, with athletes from the region set to participate in highly anticipated events like, the Magical Kenya Open, the Basketball Africa League, the African Championship of Nations and the Olympics. With all these sporting events and more being cancelled and postponed; and with gym closures and limited access to coaches leading to no place to train; where does that leave professional athletes and elite hopefuls as the world battles the Covid-19 pandemic? Sports Analyst, Sharon Allela joins CNBC Africa for more.

COVID-19 exposes Africa’s urban planning challenges

Physical distancing as a measure to avoid the spread of COVID-19 pandemic is highlighting the necessity to create more public spaces and inclusive streets in African cities. Constant Cap, Urban Planner at Naipolitans joins CNBC Africa for more.

COVID-19: Old Mutual on creating shared valued in times of crisis

Investor appetite has been affected as a result of the pandemic and with this so have the practices of many businesses on the continent.

Evariste Ndayishimiye declared victor of Burundi’s bitter presidential election

Burundi's election commission declared the governing party's candidate, Evariste Ndayishimiye, the winner of the country's presidential election amid accusations of rigging by the leading opposition challenger. Ndayishimiye, a retired army general, won 68.72 per cent of the votes in last week's ballot, while Agathon Rwasa, the main opposition leader, received 24.19 per cent according to the electoral commission. Political and Economic Analyst, Jean Claude Nkundwa joins CNBC Africa for more.

How e-commerce is helping businesses navigate the economic fallout of COVID-19

The uptake of e-commerce has seen a rapid increase in the months of the lock-down as consumers turned to e platforms for the delivery of their goods. But will this momentum be maintained now that many countries are opening up again? Egide Butare, Managing Director of the e-commerce platform, Store 2 Door spoke to CNBC Africa for more.

How Covid-19 is shaping Africa’s prospects

This time last year Africa was celebrating the milestone that free trade on the continent would soon be a reality. Prior to Covid-19, the free trade Africa deal was due to be implemented on the 1st of July. Africa Day this year is, however, less joyful as the continent grapples with the prospect of deep recession and in some parts, depression with the coronavirus health crisis fast muted into an economic and financial one. Joining CNBC Africa to discuss Africa’s prospects in 2020 is Alexander Forbes Chief Economist, Isaah Mhlanga and Head of Strategic Slients, Lesiba Mothata.
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Netcare CEO on the impact of COVID-19 lock-down & medical sector readiness for virus peak

Hospital group Netcare saw a plunge in its hospital admissions in March and April with last month’s figures falling by 49.5 per cent. However, the group has noted that the easing of lock-down restrictions in May has seen a slight uptick in hospital patients. The group has scrapped its interim dividend and has committed R150 million to prepare its ICU and high care facilities to deal with Covid-19 cases. Dr Richard Friedman, CEO, Netcare joins CNBC Africa for more.

Moody’s changes Namibia’s rating from stable to negative

Nigeria’s GDP data and MPC announcement is expected later this week and Moody’s has changed the outlook on Namibia’s sovereign rating to negative from stable as it sites economic and financial pressure on Namibia amid the Covid-19 crisis. Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking joins CNBC Africa for more.

How SA’s level 3 compares to level 4 when it kicks in on June 1

On Sunday evening South Africa's President Cyril Ramaphosa announced that the country would move from level 4 to level 3 of its phased approach to ending its lockdown on June 1.

SA to move to level 3 of lockdown on 1st June, these are the details…

South Africa's President Cyril Ramaphosa addressing the nation this evening said the spread of COVID-19 will get worse before it gets better....

Nigeria Finmin: Economy to shrink 8.9% in worst case scenario

Nigeria’s Minister for Finance, Budget and National Planning, Zainab Ahmed says Nigeria's economy could shrink by as much as 8.9 per cent this year in a worst-case scenario without stimulus. Ahmed stated that the contraction could reach 4.4 per cent in a best-case scenario, without any fiscal measures. But with a stimulus, the contraction could be kept to just 0.59 per cent. Pabina Yinkere, Chief Investment Officer at Sigma Pensions joins CNBC Africa for more.

Peter Imoesi: Why Nigeria should rethink its COVID-19 testing approach

The Nigeria Centre for Disease Control says 40,043 COVID-19 tests have been conducted so far. The national public health institute had earlier this month released a guideline for the Integration of Private Sector Laboratories as part of the National COVID-19 Response. Peter Imoesi, Fellow at Aberdeen University joins CNBC Africa to assess Nigeria's approach to testing.

FlySafair CEO on COVID-19 impact & how govt can help save SA’s struggling airlines

Elmar Conradie, CEO of FlySafair spoke to CNBC Africa about its business position amid the Covid-19 crisis on the travel industry and how they are faring in the aviation sector as its counterparts are facing liquidations and business rescue procedures.

U.S stock market posts best monthly gains since 1987, here’s what moved the markets

In April the U.S stock market had its best monthly return in over 30 years despite more than 20 million people filing for unemployment in the same month. According to Schroders the inherent nature of markets being forward looking and that the stock market does not represent the real economy. Joining CNBC Africa for more is Sean Markowicz, Strategist in the Research and Analytics Division at Schroders.