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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 this genomics research company is helping Nigeria tackle COVID-19 pandemic

Genomics research company 54Gene's COVID-19 testing support fund was launched today to increase Nigeria's daily testing capacity. The firm opened the fund with a donation of $150 thousand and has since received an additional $350 thousand from Union Bank. CEO of 54 Gene Abasi Ene-Obong joins CNBC Africa for more.

Ghana launches universal QR code for cashless transactions to curb COVID-19 spread

As Ghana deploys tactics to curb community spread of COVID-19, Alex Boahen, Head of Research at Databank Group joins CNBC Africa to discuss the impact on Ghana’s financial markets.

Nigerian foreign exchange and fixed income watch

Traders say they expect activity at the bond market to pick up today, on the back of the unmet bids at Wednesday's bond auction as well as the improvement in liquidity. Oluwatosin Ayanfalu, Fixed Income Broker at Zedcrest Capital joins CNBC Africa to review today’s trading at Nigeria’s fixed Income and Forex market.

SANDF to assist police in enforcing South Africa’s lockdown

With the subsequent deployment of the SANDF, the JCPS Cluster and SAPS will be increasing visibility and conduct integrated foot patrols, roadblocks and vehicle checkpoints as of 23h59 on Thursday evening 26 March 2020.

These are measures Bank of Ghana is taking to mitigate COVID-19 impact on the banking sector

Moody’s Investors Service say they expect the recent measures by the Bank of Ghana to help mitigate the negative effects of the coronavirus on banks’ asset quality and liquidity. Vice President and Banking Analyst at Moody’s, Christos Theofilou joins CNBC Africa for more.

COVID-19: What is Africa’s rescue plan?

The African Centre for Disease Control will hold its fifth press briefing for an update on the coronavirus situation in Africa and also speak on moves to curtail the spread of the pandemic. Edwin Ikhuoria, Executive Director of One Africa joins CNBC Africa to explore possible rescue plan for Africa amid this pandemic.

How South Africa’s lockdown will impact transport sectors

In announcing the nation-wide lockdown, the President indicated that provision will be made for essential transport services to continue, including transport for essential staff and for patients who need to be managed elsewhere.

Latest

Abdul Samad Rabiu’s BUA Group pledges N1bn to fight COVID-19 in Nigeria

Entrepreneur Abdul Samad Rabiu's BUA Group has joined corporates and business leaders from Africa in donating money to fight the COVID-19 pandemic....

Tony Elumelu’s United Bank For Africa donates $14mn to COVID-19 relief across Africa, this is how it will be used…

Entrepreneur Tony Elumelu's UBA has joined corporates and business leaders from Africa in donating money to fight the COVID-19 pandemic. Below is...

Motsepe family & associates join Rupert and Oppenheimer families in donating R1bn to deal with COVID-19 pandemic

On Monday South Africa's President, Cyril Ramaphosa revealed that South Africa's richest families the Rupert and Oppenheimer families had each contributed ...

Government’s response to Moody’s downgrade of SA to junk status

Covid-19 and South Africa's downgrade to junk will truly test South African financial markets.

Moody’s downgrades SA to junk

The action will result in South Africa's expulsion from the World Government Bond Index (WGBI), as a consequence those funds tracking this index as a benchmark will become forced sellers.