Here’s how renewable energy could help African economies recover post-COVID-19

Like the rest of the world, Africa was severely affected by the spread of COVID-19 with an estimated 5 to 29 million people being reduced back to live below the poverty line. CNBC Africa spoke to Dan Klinck, CEO of East African Power to discuss how renewable energy could help African Governments in the efforts to build back better post-COVID-19.

CIMERWA listing on the RSE with CEO, Albert Sigei

Rwanda’s leading cement manufacturer CIMERWA PLC has this morning listed on the Rwanda stock exchange, CNBC Africa caught up with the CEO, Albert Sigei on the investment opportunity.

COVID-19: EAC countries resume commercial flights

East Africa Community member states, Rwanda and Kenya on the 1st of this month opened up their airspaces to commercial flights after more than four months of lock-downs. So what kind of impact will this have on the struggling aviation sector? Derek Nseko, Aviation Industry Expert and Managing Director iFly Aviation spoke to CNBC Africa for more.

Here’s how the COVID-19 lock-downs have impacted Africa’s movie industry

So usually on Mondays, we could look back at the box office hits from the weekend, not as much anymore as the big screens and cinemas in particular have been heavily hit by the pandemic but in this, could we see some form of opportunity.

News

RwandAir CEO on what the resumption of commercial flights means

National carrier RwandAir will be resuming commercial passenger flights on the first of August as the Kigali International Airport opens its doors to travellers once again.
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Africa hunger levels rising fastest in the world – UN

A new United Nations study has revealed that almost 690 million people went hungry in 2019 up by 10 million from 2018, calling into question the goal to achieve zero hunger by 2030. The study has also predicted that Africa will be home to more than half of the world’s chronically hungry by that year. Food Systems Expert, Dr. Kirimi Sindi spoke to CNBC Africa for more.

Viffa Consult on the investment case for Kenyan start-ups amid COVID-19

In yet another growth market opportunity report, Viffa Consult has outlined the benefits of investing in Kenyan start-ups amid the pandemic. CNBC Africa spoke to Managing Director, Victor Otieno for more.

Rwanda to freeze assets of corruption suspects

Rwanda’s prosecution has said it will be freezing bank accounts and properties of those suspected to be involved into corruption as soon as an investigation begins.

Gahaya Links, Mastercard Foundation partner to provide 40,000 vulnerable families with face masks

High-end home decor and fashion company, Gahaya Links works with mostly women artisans to provide quality handicraft goods to the local and international markets. Since the beginning of the Covid-19 lockdowns back in March, the company has pivoted, becoming one of the first companies to be approved by the government to provide PPEs. Now, they’ve partnered with the Mastercard Foundation to provide 40,000 vulnerable artisans and their families with free face masks to help them be safe and continue working throughout this time.

Latest News

CIMERWA lists on the Rwanda Stock Exchange

A breaking news story, a few minutes back at the opening bell of the Rwanda Stock Exchange, the country’s leading cement manufacturer CIMERWA PLC listed a free float of more than 344,000 shares for trading to interested investors, joining CNBC Africa for more is the Board Chairman of CIMERWA PPC, Regis Rugemanshuro.

Nedbank on Africa’s real estate outlook post-COVID-19

As the effects of COVID-19 are felt around the world, real estate companies are being impacted in different ways, largely dependent on region and asset class.

RwandAir CEO on what the resumption of commercial flights means

National carrier RwandAir will be resuming commercial passenger flights on the first of August as the Kigali International Airport opens its doors to travellers once again.

Here’s why your credit score matters amid COVID-19

Liquidity and access to capital are some of the major talking points for many small businesses and with such falling back into a subsistence form of livelihood in the wake of the COVID-19 pandemic, can your previous credit score be of any help? CNBC Africa spoke to Ted Martynov, CEO and Co-Founder of CARMA, for more.

Rwanda deepens anti-corruption efforts, amends anti-money laundering law

Rwanda recently amended anti-money laundering and counter-terrorist financing law and regulations, a move that aims to improve the investment climate. This comes on top of another change that will see the prosecution freeze bank accounts and properties of those suspected to be involved into corruption as soon as an investigation begins. Researcher and Political Analyst, Gatete Nyiringabo joins CNBC Africa for more.

Network International to acquire online commerce platform DPO for $288mn

Yesterday it was announced that online commerce platform, DPO Group has entered into an agreement to be acquired by Network International. The deal, in which the latter is set to acquire 100 per cent of DPO for approximately $288 million, will see the company supporting Network International’s growth in the African market. CNBC Africa spoke to the CEO of DPO Group, Eran Feinstein for more.

Africa hunger levels rising fastest in the world – UN

A new United Nations study has revealed that almost 690 million people went hungry in 2019 up by 10 million from 2018, calling into question the goal to achieve zero hunger by 2030. The study has also predicted that Africa will be home to more than half of the world’s chronically hungry by that year. Food Systems Expert, Dr. Kirimi Sindi spoke to CNBC Africa for more.

APO

Coronavirus – African Union Member States (54) reporting COVID-19 cases (116,049) deaths (3,488), and recoveries (46,714)

African Union Member States (54) reporting COVID-19 cases (116,049) deaths (3,488), and recoveries (46,714) by region: Central (12,426 cases; 350 deaths; 3,281 recoveries): Burundi (42; 1; 20), Cameroon (5,044; 171; 1,917), Central African Republic (652; 1; 22), Chad (687; 61; 244), Congo (487; 16; 147), DRC (2,402; 68; 340), Equatorial Guinea (719; 7; 22), Gabon (2,135; 14; 562), Sao Tome & Principe (258; 11; 7). Eastern (12,983; 351; 3,438): Comoros (87; 1; 21), Djibouti (2,468; 14; 1,079

Coronavirus – Rwanda: COVID-19 update, 25 May 2020

Total cases: 336 (+9) Tests: 59,369 (+892) Recovered: 238 (+1) Deaths: 0 Active cases: 98Distributed by APO Group on behalf of Ministry of Health, Republic of Rwanda.Media filesDownload logo

Coronavirus: African Union Member States reporting COVID-19 cases As of 26 May 2020, 9am EAT

Central (12,167 cases; 343 deaths; 3,226 recoveries): Burundi (42; 1; 20),Cameroon (4,890; 165; 1,865), Central African Republic (652; 1; 22), Chad (687; 61; 244), Congo (487; 16; 147), DRC (2,297; 67; 337), Equatorial Guinea (719; 7; 22), Gabon (2,135; 14; 562), Sao Tome & Principe (258; 11; 7) Eastern (12,809; 349; 3,409): Comoros (87; 1; 21), Djibouti (2,468; 14; 1,079), Eritrea (39; 0; 39), Ethiopia (655; 5; 159), Kenya (1,286; 52; 402), Madagascar (542; 2; 147), Mauritius (334; 10; 322),

Coronavirus – Africa: Urban refugees struggling to survive as economic impact of COVID19 worsens in East, Horn and Great Lakes of Africa

Download logoThis is a summary of what was said by UNHCR spokesperson Charlie Yaxley – to whom quoted text may be attributed – at today’s press briefing at the Palais des Nations in Geneva. Refugees in urban areas across the East, Horn and Great Lakes region of Africa are struggling to meet their most basic needs as the economic impact of COVID19 begins take hold. UNHCR, the UN Refugee Agency is working closely with governments and partners to find solutions for urban refug

Coronavirus – Democratic Republic of Congo: UAE sends medical aid to Congo in fight against COVID-19

Download logoThe UAE today sent an aid plane carrying six metric tons of medical supplies to the Democratic Republic of Congo. The aid will assist approximately 6,000 medical professionals as they work to combat the COVID-19 pandemic. Commenting on the aid delivery, Hazza Mohammed Al Qahtani, UAE Ambassador to Rwanda, remarked, "The provision of aid today by the UAE underscores our deep partnership with the Congo, which forms a significant part of the fight against COVID-19 in Africa." "Cou

Culture

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Zimbabwean govt. continues crackdown on activists amid reports of torture

Silence descended on the streets of Bulawayo and central Harare in Zimbabwe on Friday, where businesses shut down. This is as Security Forces were deployed to prevent anti-government and anti-corruption protests, by opposition parties. A number of high-profile figures were arrested over the weekend. Dumisani Muleya, Chairperson of the Zimbabwe National Editors Forum joins CNBC Africa for more.

Redefining Africa’s Workforce Through Digital Transformation

Covid-19 has forced businesses globally to re-evaluate their business models and to adapt to new working environments....

Nigerian investors not surprised by Shoprite’s exit, here’s why

Releasing its trading update for the year ended 28 June 2020, Shoprite announced that it will be exiting from Nigeria.
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Must Read

Jack Ma Foundation on how philanthropy can help revive COVID-19 hit entrepreneurship

The 2020 Africa Business Heroes prize competition, a program established by the Jack Ma Foundation has shortlisted top 50 finalists from across Africa. Jason Pau, Senior Advisor for International Programs, Jack Ma Foundation shares more on the competition and the role of philanthropy in reviving a pandemic-hit entrepreneurship sector on the continent.

Uganda’s Yoweri Museveni nominated to run for 6th term

Uganda’s long standing President, Yoweri Museveni has been nominated as the candidate by his party NRM to run for his 6th term in the upcoming January 2021 presidential elections. So what does this mean for the country’s economy? Kenneth Agutamba, Analyst & Chief Strategist, Impact Communication Strategies joins CNBC Africa for more.

MTN Uganda selling 20% shares to EAC investors

Since the government came up with the directive forcing all its telecom operators to list a fifth of their shares on the Uganda Securities Exchange to allow locals to benefit from the sector’s profits, the country has now opened a window for East Africans to buy shares in MTN Uganda when the telecom operator sells it 20 per cent equity stake on the local bourse. Moreover, the bourse targets to double the number of investors opening Securities Central Depository Accounts. Analyst Charles Bwogi joins CNBC Africa for more.

Kenya Power in talks to increase electricity prices by 20%

Kenya Power has opened talks with the energy regulator to increase electricity prices by 20 per cent after the State softened its earlier stand against higher tariffs.

Kenya prepares to reopen its borders for international tourism

Kenya is set to reopen for international tourism on August 1st after months of closure due to Covid-19 pandemic. To attract foreign tourists and revive the sector, the government is considering lifting the 14-quarantine requirement. Mohammed Hersi, Chairman of Kenya Tourism Federation joins CNBC Africa for more.

Sudan PM Abdalla Hamdok unveils political and economic reforms

Sudanese Prime Minister Abdalla Hamdok announced long-awaited economic and political reforms that aim at rescuing the country’s economy and keeping its civilian transition on track. CNBC Africa spoke to Akol Dok, Africa Political & Economic Affairs Analyst for more.

Kigali

How Rwanda’s Private Sector Federation is preparing for CHOGM 2020

Ahead of the Commonwealth meeting that is set to take place from 22-24 June this year in Kigali, CNBC Africa’s Zwena Bachoo spoke to Robert Bapfakurera, Chairman of the Private Sector Federation to find out why this meeting is so important for the sector.

Rwanda continues with CHOGM preparation despite coronavirus outbreak

Rwanda Development Board (RDB) today met with the Private Sector Federation to discuss various business opportunities that they will be presenting during the Commonwealth Forum that is set to take place this year in June here in Kigali. Rwanda Development Board Chief Executive, Claire Akamanzi noted that the government and private sector partners will not halt the planning and preparation process – she also added that as the plans continue, they will keep monitoring developments on the virus's trends across the world to make further decisions. She joins CNBC Africa for more.

How Rwanda is looking to leverage its developing film industry through storytelling

This month will see the 6th annual edition of the Mashariki African Film Festival here in Kigali under the theme, "Kagire Inkuru" which means, “Tell the Tale”. The event will be a week-long affair featuring filmmakers from across the continent and will host screenings, panels and workshops including one entitled, "Girls In Cinema". CNBC Africa is joined by Kennedy Mazimpaka Communications Manager of Mashariki African Film Festival for more about what the event's relationship is to Rwanda's developing film industry.

Kigali to host first Giants of Africa basketball festival

Recently it was announced that youth basketball program, Giants of Africa will be hosting its first week-long festival this August right here in Kigali, Rwanda. CNBC Africa's Makeda Mahadeo reports.

Heads of state meet to discuss economic integration of Rwanda, Uganda and Congo

In a bid to normalize ties between Rwanda and Uganda, through the fourth Quadripartite Heads of State Summit both President Paul Kagame and Yoweri Museveni met at Gatuna border. They were joined by Angolan President João Lourenço and his Congolese counterpart Félix Tshisekedi. The agenda of the meeting includes review and discussion of feedback from Uganda following a Note Verbale from Kigali dispatched on February 15. Joining CNBC Africa to speak on economic integration between countries in the region is Journalist Gonzaga Mugwana.

International News

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What’s Next For The U.S. Economy: Michelle Meyer

Michelle Meyer, Head of U.S. Economics at Bank of America Merrill Lynch, says the economy is entering a “healing phase” after the initial shock from the coronavirus pandemic. She explains how some inflation would be a good problem because it woul

How The Back-To-School Debate Can Make Or Break The U.S. Economy

As September draws closer, the entire United States is debating the best way to restart the school year in the new Covid-19 era. President Trump has pushed hard for reopening schools, citing other countries that have been able to resume classes as ev

Why Ford Dominates The Market For Police Vehicles

There are about 12,000 police departments patrolling jurisdictions across the United States. More than half of police vehicles driving through neighborhoods and cities are Fords. The second-largest U.S. automaker in terms of sales is also the biggest

The latest on Covid-19 stimulus, and why Spotify spent big on Joe Rogan: CNBC After Hours

CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, CNBC's Rahel Solomon explains the challenges facing state labor offices when it comes to implementing new enhanced unemployment benefits from the federal

How Tyson Broke The Meat Supply Chain

Tyson Foods is one of the world's largest food companies and produces approximately 20% of the beef, pork and chicken in the U.S. With the onset of the pandemic, however, it began battling nationwide meat shortages, and its employees have also been b

Amazon, Apple, Facebook and Google all report earnings: CNBC After Hours

CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, tech is in focus. Just one day after the CEO's testified before Congress, Facebook, Apple, Amazon, and Google all reported earnings. Plus, CNBC.com's Pipp