LONDON (Reuters) - Britain’s economy could shrink by more than 14% this year and government borrowing risks approaching 400 billion pounds ($500 billion) if there is lasting damage from the...
Prime Minister Boris Johnson will set out his plan to speed up the British economy’s recovery later on Tuesday when he will promise to fast-track 5 billion pounds ($6.13 billion) of infrastructure investment.
SAA is under a form of bankruptcy protection and battling for its survival. President Cyril Ramaphosa on Sunday announced travel bans affecting several countries where SAA flies, including the United States, Britain and Germany.
“We cannot ignore the potential risk to Africa and assume this continent of 1.3 billion people will blissfully escape the crisis. The world cannot afford the unthinkable consequences of a COVID-19 pandemic in Africa,” Ma’s foundation said in a statement.
In Kenya, firms dealing in flowers have registered a 60 per cent drop in production this season following heavy rains, plagued by pests and diseases, which in turn hurt supplies and increase the cost. Britain is the second largest export destination for Kenya's cut flowers after the Netherlands, taking almost 18 per cent of the flowers produced in the country. Alex Owiti, Communication Consultant of the Horticulture Industry in East Africa joins to share how much of an impact the drop is to the economy as well as if Brexit will affect the Kenya flower trade.
As the UK officially leaves the European Union today, Marta Foresti, Director of ODI Europe at the Overseas Development Institute joins CNBC Africa to discuss what lies ahead for Britain and the future of its relationship with Africa.
Britain’s divorce from the European Union takes place today after an emotional debate that took place on Wednesday and a tumultuous three years of voting and a rotating door of prime ministers. Today marks the symbolic exit of Britain from the European Union as the official regulatory exit will take another 11 months to officially be parted from the EU. Deon Gouws, Chief Investment Officer at Credo Wealth joins CNBC Africa for more.
Prime Minister Boris Johnson will call for deeper investment ties between Britain and Africa at a summit for leaders of 21 African countries on Monday that comes days before his country will leave the European Union.