In 2006, little known economics professor Nouriel Roubini warned that the US housing market was at risk of collapsing. Fast forward two years and it did, triggering the global financial crisis. Roubini, now known is Dr Doom is forecasting another economic depression, contradicting the consensus view the recovery from Covid-19 will be V-shaped. Dr Adrian Saville, CEO of Cannon Asset Managers joins CNBC Africa for more.
With students working from home, companies across industries forced to move online and video conferencing services being more utilized now than ever; broadband, WiFi and mobile data capacity seems to be getting tested like never before. So can internet service providers stand up to the test? Robert Nkeramugaba, Senior Network Operations Manager, BSC joins CNBC Africa for more.
In Uganda, according to president Yoweri Museveni, the country will go ahead with its plan to re-open the country despite recording more than 150 Covid-19 cases in three days. Moreover, European Union gives Uganda about $198 million to fund coronavirus response. CNBC Africa spoke to Qatahar Raymond Mujuni, a journalist for more.
This morning it was announced that taxi motos are now permitted to accept passengers again after over two months of being off the road due to the dangers around the spread of Covid-19. This is good news not only for many of the 45,000 taxi-motorists in the country that depend on the income, but also for the thousands of citizens that they transport daily. CNBC Africa spoke to analyst, Moses Gahigi for more.
Nigeria’s aviation sector may resume domestic operations from the 21st of June this year according to the Presidential Task Force on COVID-19. Meanwhile, the Nigeria Civil Aviation Authority says only five airports will be operational when the restrictions are lifted. Gbenga Olowo, President of the Aviation Roundtable joins CNBC Africa for more.
The advent of the Covid-19 pandemic has accelerated the transition to more digitally enabled lifestyles and ways of working globally but according to the United Nations Conference on Trade and Development, gaps and risks implicit in the digital economy are more exposed by the Covid-19 shock. So how can Nigeria fully unlock its digital economy? Uzoma Dozie, Founder and CEO of Sparkle; a newly launched Nigerian digital platform says they are looking to remove barriers using technology and data. He joins CNBC Africa for more.
The Strategic Fuel Fund is the state-owned entity that manages South Africa's strategic crude oil stockpile has appointed the former director general for the Department of Energy, Nelisiwe Magubane as its new chairperson. Nelisiwe joins CNBC Africa for more on her new role amid the global oil price and output tensions.
Petrol prices in South Africa hiked up yesterday amid most of the global economy reopening and oil supply expected to rise. However, according to concerns raised by the parliamentary portfolio committee, they may be a diesel shortage in South Africa due to the slowdown in national refinery production. Joining CNBC Africa for more is Avhapfani Tshifularo, Executive Director at the SA Petroleum Industry Association.