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<p>In this In Conversation episode, Niger-born fashion designer and former president’s daughter &#8211; Alia Baré, shares her mission of using fashion to show a positive image of her country. From gracing the runways of Joburg Fashion Week for African Fashion International (AFI) in South Africa to unveiling her most recent collections in Lagos, Nigeria, Baré lays bare the influences of her travels and life experiences in an effort to create Africa-made designs.</p>


The CNBC Africa Conversation with Fashion Designer Alia Baré

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<p>Business interruption, the coronavirus pandemic and Cyber incidents are the top three business risks for 2021 with all three being strongly interlinked according to the 10th Allianz Risk Barometer. Dickson Okorie, Team Lead for Claims at Allianz Nigeria Insurance joins CNBC Africa for more.</p>


Allianz: Business interruption

Allianz: Business interruption, COVID-19 & cyber incident top 2021 risks

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<p>The Anchor Group intends to delist from the Johannesburg Stock Exchange early next year. Anchor has given shareholders two options &#8211; either to sell back their shares to the company at R4.25 per share or to retain their shares in the delisted entity. Peter Armitage, CEO of Anchor Capital joins CNBC Africa for more.</p>


Anchor Group wants to delist from the JSE

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<p>The official unemployment rate in South Africa rose to 30.8 per cent in the third quarter. This is the highest rate, since the commencement of the Stats SA Labour Force Survey in 2008. Kevin Lings, Chief Economist at Stanlib joins CNBC Africa to unpack the numbers.</p>


SA unemployment: Where to from here?

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<p>Scoring 89 points, South Africa has retained the top spot in the latest Absa Africa Financial Markets Index.</p>


SA retains top spot in the Absa Africa Financial Markets Index

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<p>Luno, South Africa’s largest cryptocurrency exchange has gone global. The company has been acquired by Digital Currency Group, a US based blockchain investor. Luno began in South Africa in 2013, and now has five million customers in over 40 countries. Marcus Swanepoel, Co-Founder and CEO of Luno joins CNBC Africa for more.</p>


Luno acquired by Digital Currency Group in the U.S

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<p>The RMB Business Confidence Index rebounded to 24 points in the third quarter. This is after falling from an all-time low of five in the second quarter. Of the five sectors making up the Index, the rebound in wholesale confidence was the largest. And this was due to a strong agricultural sector and international trade picking up. Ettienne Le Roux, Chief Economist at Rand Merchant Bank joins CNBC Africa for more.</p>


SA business confidence rebounds in Q3 driven by strong agriculture performance


<p>TUNIS (Reuters) &#8211; Tunisia’s tourism-dependent economy shrank 21.6‮ ‬pct in the second quarter of 2020, compared to the same period last year, due to the coronavirus crisis, the state statistics institute said on Saturday.</p>



<p>Unemployment‮ ‬rose to 18 percent in the second quarter.</p>



<p>The government ended all restrictions on movement and businesses and opened its sea, land and air borders on June 27. However, the pandemic is hammering the tourism sector, which contributes nearly 10% of gross domestic product and is a key source of foreign currency.</p>



<p>Tourism revenue in the first six months of this year fell by more than 50% from the same period of 2019 as western tourists deserted Tunisia’s hotels and resorts.</p>


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Tunisian economy shrank 21.6% in second quarter of 2020


<p>NAIROBI (Thomson Reuters Foundation) &#8211; In the last three months, teacher Faith Njeri has been a regular customer at a courier service office in Nairobi, collecting parcels sent from her village three hours drive north of the capital.</p>



<p>When the coronavirus pandemic closed the private school where she taught, “I was left jobless,” she said. Efforts to feed her family by washing clothes failed “as people avoided any intrusions in their homes for fear of getting infected with the virus.”</p>



<p>With three hungry children and no alternatives, she called her parents in her home village, asking them to send food to keep the family afloat.</p>



<p>“We did not have any money, and we needed to survive,” she said. “When it became apparent that hunger would kill us instead of the virus, we turned to our people back in the village.”</p>



<p>As coronavirus-related restrictions and economic downturns make bringing in an income harder, many urban families in Kenya &#8211; and in other countries around the world &#8211; are looking to their rural families for help.</p>



<p>In some cases, the calls for help represent an abrupt turnaround in relations, as city dwellers with jobs, who once sent regular cash to support their families at home, now find themselves the ones in need of help.</p>



<p>The added burden on rural families &#8211; some of them struggling to feed themselves as more extreme weather linked to climate change hurts harvests &#8211; has been substantial, they and farm experts say.</p>



<p>“Most (rural) families have been constrained as the little they had was sent to Nairobi to sustain their relatives,” said Phillip Oketch, a dairy expert with the Kenya Climate Smart Agriculture Project.</p>



<p>Njeri’s mother, who farms in Gathuthi, in Nyeri County, said 30% or more of her earnings have gone to sustain her jobless children and grandchildren in Nairobi through the pandemic.</p>



<p>Previously, her four children sent home about $500 each year, she said &#8211; but this year they have instead sent four of her grandchildren to live with her in the village, to try to ease costs in the city.</p>



<p>Joseph Kimathi, another farmer from the village of Katheri in Meru County who has sent food to his children in Nairobi, said the pandemic had created a substantial financial burden for farmers.</p>



<p>“I had to forego profits and ensure the survival of my three children in the city, whose forms of livelihoods were suddenly cut by the pandemic,” he said.</p>



<p>Kenya’s lockdown eased in early July but an economic downturn linked to the COVID-19 pandemic means many urban residents are still receiving a reduced paycheck or struggling to find work, Oketch said.</p>



<p>Doreen Akinyi, who lost her job as a hotel waitress, said she continues to rely on a weekly pack of fish and maize flour sent by her aging mother in Mambo Leo, a village in Kisumu County.</p>



<h3 class="wp-block-heading">PRESSURE ON HARVESTS</h3>



<p>Zaverio Chabari, executive director of the non-profit Strategies for Agro-Pastoralists’ Development Kenya, said the need for rural families to send food to city relatives has been particularly difficult as the country grapples with harvest losses to flooding and locust swarms this year.</p>



<p>“By the time the COVID pandemic struck, much of the food at the farms was already ruined,” Chabari said.</p>



<p>Transportation also for a period was a challenge thanks to coronavirus-linked movement restrictions and road flooding &#8211; though Kenya’s Ministry of Agriculture quickly classified food transport as an essential service.</p>



<p>Gladys Miriti, head of the Grassroots Development Initiative Foundation-Kenya and one of those receiving food from her home village during the pandemic, said the situation had provoked substantial psychological stress for many urban families.</p>



<p>At the height of the lockdown, “they did not have money as most of them lost their jobs, they had children to feed, movements were restricted, the virus cases kept on surging and so a mix of fear, hopelessness, and uncertainty engulfed the people,” she said.</p>


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As coronavirus steals jobs, urban Kenyans look to their rural families


<p>GENEVA/ZURICH (Reuters) &#8211; The new coronavirus pandemic raging around the globe will worsen if countries fail to adhere to strict healthcare precautions, the World Health Organization (WHO) warned on Monday.</p>



<p>“Let me be blunt, too many countries are headed in the wrong direction, the virus remains public enemy number one,” WHO Director General Tedros Adhanom Ghebreyesus told a virtual briefing from the U.N. agency’s headquarters in Geneva.</p>



<p>“If basics are not followed, the only way this pandemic is going to go &#8211; it is going to get worse and worse and worse.”</p>



<p>Global infections stand at 13 million, according to a Reuters tally, with more than half a million deaths.</p>



<p>Tedros, whose leadership has been criticised by U.S. President Donald Trump, said that of 230,000 new cases on Sunday, 80% were from 10 nations, and 50% from just two countries.</p>



<p>The United States and Brazil have been worst hit.</p>



<p>WHO emergencies head Mike Ryan said some places in the Americas may need “limited or geographically focused lockdowns that suppress transmission in specific areas where transmission is frankly out of control”.</p>



<p>He urged countries not to make schools into a political football, saying schools could safely reopen once the virus had been suppressed.</p>



<p>Tedros said the WHO had still not received formal notification of the U.S. pullout announced by Trump. The U.S. president says the WHO pandered to China, where the COVID-19 disease was first detected, at the start of the crisis.</p>



<p>Trump, who at the weekend wore a protective face mask in public for the first time, has himself been accused by political opponents of not taking the coronavirus seriously enough, something he denies.</p>



<p>A two-member WHO advance team in China to investigate the origins of the coronavirus, first discovered in the city of Wuhan, is in quarantine, as per standard procedure, before beginning work with Chinese scientists, Ryan said.</p>


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WHO warns of perpetual worsening of COVID-19 crisis

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<p>A day after Finance minister Tito Mboweni delivered his crucial supplementary budget speech, the markets are down, the rand dollar exchange is taking a hit and the economy looks bleak at best. So where to now? Arthur Kamp, Chief Economist at Sanlam Investments joins CNBC Africa for more.</p>


Is SA ready to deal with a looming sovereign debt crisis?

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<p>Next week expects a crucial budget that could decide the trajectory of the post Covid-19 economy. Finance Minister Tito Mboweni will deliver his emergency budget on Wednesday the 24th.  Meanwhile there’s a budget issue. The South African Reserve Bank is to resist the call from government to finance it growing budget deficit with aggressive quantitative easing.  According to Governor Lesetja Kganyago it could add even more strain on the National Treasury and the large-scale quantitative easing could bankrupt the central bank. Maarten Ackerman, Chief Economist for Citadel joins CNBC Africa for more.</p>


COVID-19: What to expect from finmin Mboweni’s emergency budget

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<p>Transport minister Fikile Mbalula announced that government will give the taxi industry a once-off R1 billion ‘ex gratia’ payment to help buffer it against the lock-down. Mbalula adds that government is still to debate changing regulations to allow debating changes to the country’s lock-down regulation to allow for 100 per cent capacity in taxis. Maroba Maduma, Communications Executive at SA Taxi joins CNBC Africa for more.</p>


COVID-19: SA taxi industry to get R1bn bailout

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<p>Today is a very important day for both Africa and the United Nations. It saw the first day at work for the first African head of the United Nations Global Compact. Her name is Sanda Ojiambo of Kenya and from today she will run the UN agency that was conceived  20 years ago in the third year of the reign of the late former secretary general Kofi Annan. The United Nations Global Compact focuses on private business around the world and this celebrates its 20th birthday.</p>


UN Global Compact’s CEO Sanda Ojiambo on how business can help economies recover from COVID-19 crisis

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<p>The World Bank expects emerging markets and developing economies to shrink by 2.5 per cent this year, their first decline in six years, due to the impacts of Covid-19.  Furthermore, per capita incomes are also expected to contract and tip millions of people into extreme poverty this year. Rudi Steinbach, Senior Economist, World Bank joins CNBC Africa for more.</p>


Pandemic deals heavy blow to SSA economies

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<p>Despite the recovery in share prices globally and in South Africa following the sharp sell-off in March, it is evident that significant downside risk remains due to muted consumer demand, distressed companies, and consensus of a global recession amidst no clear timeline for a return to normality. Market risks are also evidenced by necessary and unprecedented fiscal and monetary stimulus interventions domestically and globally. This is the word from Benedict Mongalo, Chief Investment Officer at Independent Fund Manager, Novare Investments who joins CNBC Africa for more.</p>


Finding value in SA’s markets

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<p>With South Africa&#8217;s economy battered and bruised by COVID-19 and lock-down, The Ninety One SA Recovery Fund in association with Ethos Private Equity have launched an impact investment initiative targeting R10 billion to help restore South Africa’s economic health. Simon Howie, Co-Head of SA and Africa Fixed Income at Ninety One joins CNBC Africa for more.</p>


coronavirus pandemic

The CNBC Africa Conversation with Fashion Designer Alia Baré

Allianz: Business interruption, COVID-19 & cyber incident top 2021 risks

Anchor Group wants to delist from the JSE

SA unemployment: Where to from here?

SA retains top spot in the Absa Africa Financial Markets Index

Luno acquired by Digital Currency Group in the U.S

SA business confidence rebounds in Q3 driven by strong agriculture performance

Tunisian economy shrank 21.6% in second quarter of 2020

As coronavirus steals jobs, urban Kenyans look to their rural families

WHO warns of perpetual worsening of COVID-19 crisis

Is SA ready to deal with a looming sovereign debt crisis?

COVID-19: What to expect from finmin Mboweni’s emergency budget

COVID-19: SA taxi industry to get R1bn bailout

UN Global Compact’s CEO Sanda Ojiambo on how business can help economies recover from COVID-19 crisis

Pandemic deals heavy blow to SSA economies

Finding value in SA’s markets

This R10bn fund seeks to help restore SA’s economy back to health

News Tips

Advertise With Us

coronavirus pandemic

The CNBC Africa Conversation with Fashion Designer Alia Baré

Allianz: Business interruption, COVID-19 & cyber incident top 2021 risks

Anchor Group wants to delist from the JSE

SA unemployment: Where to from here?

SA retains top spot in the Absa Africa Financial Markets Index

Luno acquired by Digital Currency Group in the U.S

SA business confidence rebounds in Q3 driven by strong agriculture performance

Tunisian economy shrank 21.6% in second quarter of 2020

As coronavirus steals jobs, urban Kenyans look to their rural families

WHO warns of perpetual worsening of COVID-19 crisis

Is SA ready to deal with a looming sovereign debt crisis?

COVID-19: What to expect from finmin Mboweni’s emergency budget

COVID-19: SA taxi industry to get R1bn bailout

UN Global Compact’s CEO Sanda Ojiambo on how business can help economies recover from COVID-19 crisis

Pandemic deals heavy blow to SSA economies

Finding value in SA’s markets

This R10bn fund seeks to help restore SA’s economy back to health

News Tips

Advertise With Us

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