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Op-Ed: African giants to stumble due to Covid-19 pandemic

NKC African Economics expects the coronavirus-related knock to economic growth in Africa’s three largest economies alone to shave off 1 ppt from the continent’s GDP growth this year, from 3.8% to 2.8%.

WHO: Sub-Saharan Africa reporting at least 300 COVID-19 cases a day

COVID-19 cases are occurring at the rate of 300-a-day in sub-Saharan Africa and there are likely to be many more that the authorities are missing, a World Health Organisation briefing on the continent admitted Thursday.

How will Africa’s aviation industry survive COVID-19 crisis?

IATA has estimated that the African Aviation Industry will lose more than $4 billion as a result of the COVID-19 pandemic – now with only Ethiopian Airlines posting profits in recent times on the continent, many of the industry players were in survival mode even before this pandemic. However, can they live to see past this black swan? Secretary General of the African Airlines Association (AFRAA), Abderahmane Berthé joins CNBC Africa for more.

How COVID-19 is impacting SMEs in Africa

Small and Medium Enterprises are important drivers of Africa’s economic growth, accounting for up to 90 per cent of all businesses in these markets. Now with almost everything put to a halt due to COVID-19 outbreak, this sector is expected to be hit hard. EFI Hub CEO, Anu Shah joins CNBC Africa to discuss measures to minimize the loss.

Rwanda Stock Exchange remains steady despite COVID-19 pandemic

Despite the COVID-19 pandemic, the Rwanda Stock Exchange has maintained an upward trend with secondary market activities increasing and the All Share Index up to 10.75 per cent. Pierre Celestin Rwabukumba, CEO of Rwanda Stock Exchange joins CNBC Africa for more.

How to protect yourself from coronavirus related fraud and scams

With closure of schools and offices, many people are looking for alternative entertainment platforms to stay away from social gatherings. Recently, Mobile Games company, Usiku Games, free-rated its fees on mobile app games and they expect to create a fan-based of 1 million subscribers during this lockdown. Alex Owiti, ICT Policy Analyst joins CNBC Africa for more.

Islamic State claims Mozambique attack close to gas projects

Militant group Islamic State has claimed responsibility for an attack in northern Mozambique just south of the site of gas projects worth $60 billion being developed by the likes of Exxon Mobil and Total.

African SMEs bearing the brunt of COVID-19 pandemic

The future of work as we know it might never be the same as a result of the impact of COVID-19, but what exactly is instore for us? Iris Irumva, Managing Director of ITM Africa joins CNBC Africa for more.

How will Rwanda’s TVET aspirations bounce back from the COVID-19 crisis?

Last year the Prime Minister said that Technical and Vocational Education and Training (TVET) is one of the most powerful tools in fighting poverty and bridging the skills gap in Rwanda, The Gov't has subsequently been putting a focus on TVET, with the goal of increasing the number of students in such schools from 31 to 60 per cent by 2024 – but with all schools closed and most industries directed to suspend operations for an initial period of two weeks, how will these plans get back on track after the COVID-19 crisis passes? Will new goals have to be set? Deputy Vice Chancellor from Rwanda Polytechnic, Rita Mutabazi joins CNBC Africa for more.

Latest

South Africa’s rand crashes to its lowest ever after Moody’s pulls the plug

South Africa’s rand plunged to an all-time low on Monday, falling below 18.00 to a dollar after ratings firm Moody’s cut the country’s last investment grade credit rating, adding to mounting panic about the coronavirus outbreak.

FNB confirms measures to help customers impacted by COVID-19

“In recent weeks, the South African Government, business community, philanthropists and society at large have shown remarkable unity in a joint effort to protect our country against the impact of COVID-19,” writes FNB Chief Executive Officer, Jacques Celliers.

Lagos State passes bill, offers economic support to mitigate COVID-19 impact

Ahead of Nigeria’s lockdown of three states, Lagos State Governor Babajide Sanwo-Olu hinted that the state may have begun to see a trend in community spread of the COVID-19outbreak. He says the state will now begin to implement measures to cater for indigent citizens.

COVID-19: How African countries can insure against outbreaks

The Africa Risk Capacity is a specialised Agency of the African Union and they are currently undertaking an urgent exercise to model the potential impact of the coronavirus on Africa to inform and guide member states. This modelling according to the ARC will look into the likely short-term and medium-term effects of the pandemic on the continent as well as how to mitigate these shocks. Mohamed Beavogui, Director General and United Nations Assistant Secretary General, African Risk Capacity joins CNBC Africa for more insight into this.

The impact of COVID-19 on Nigeria’s business community

President Muhammadu Buhari says he has directed the Minister of Industry, Trade and Investment to work with the Manufacturers Association of Nigeria to ensure that all production of essential items such as food, medical and pharmaceutical products continues unhindered. Mansur Ahmed, President of the Manufacturers Association of Nigeria joins CNBC Africa for more.