The buzzy Silicon Valley app you’re not invited to and everything else you missed: CNBC After Hours

CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines, and what to watch as the coronavirus pandemic continues to keep most of America on lockdown. On today’s show, the U.S. puts big money behind a new vaccine and CNBC’s Ari Levy dives into Clubhouse, a new invite-only social network that’s become the darling of Silicon Valley.

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African Development Bank approves new five-year strategy for Nigeria amidst COVID-19 concerns

Download logoThe Board of Directors of the African Development Bank (www.AfDB.org) has approved Nigeria’s Country Strategy Paper (CSP) 2020-2024, which builds on the successes and challenges of the 2013-2019 edition, and incorporates emerging developmental realities and opportunities shaping Nigeria’s political and economic landscape, including in the post-COVID-19 period. The approval was made on 27 May 2020. Ebrima Faal, Senior Director for the African Development Bank in Niger

Coronavirus – Sudan: Community leaders fight COVID-19 alongside United Nations Development Programme (UNDP) in Sudan

‘Any child is everyone’s child,’ one Sudanese proverb goes. ‘None of us is safe until all of us are safe’ might be a timely interpretation. In Sudan, UNDP is working with trusted local partners to respond and rebuild better as the ongoing pandemic threatens to reverse decades of progress in tackling poverty and inequality. Coordinating with health authorities and others, Sudanese community groups and networks —operating in eight languages — are partn

NAICOM extends insurance recapitalisation deadline to September 2021

Nigeria's insurance regulator NAICOM has extended the deadline for the recapitalisation of insurance companies to September 2021. The recapitalisation process has also been segmented into two phases. Tajudeen Ibrahim, vice-President and Head of Research at Chapel Hill Denham joins CNBC Africa for more.

Coronavirus – Africa: Climate Change and COVID-19 Impact Agriculture and Youth Mobility Across West and Central Africa

West Africa’s agricultural sector represents 35 per cent of the region’s Gross Domestic Product (GDP) and is one of the main sources of employment for millions of people- up to 80 per cent of the population in rural areas. However, climate change and its effects, such as the unpredictability and instability of rainfall patterns, have affected this sector, threatening the livelihood of communities and forcing many to migrate in the search for complementary income or better opportuniti

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NAICOM extends insurance recapitalisation deadline to September 2021

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BlackRock on Covid-19 markets & economic damage

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