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<p>The IMF has proposed a USD 650bn increase to its existing Special Drawing Rights (SDR) reserves. This could triple existing SDR reserves, boosting the IMF’s international reserve assets for member countries around the world. Kenya is one country with mounting debt and is set to benefit from the IMF&#8217;s proposal, but what does this mean for Kenya? CNBC Africa spoke with the Principal, Africa Strategy at Standard Chartered Bank, Eva Wanjiku Otieno for more.</p>


Standard Chartered Bank: What the IMF SDR approval means for Kenya

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<p>Tomorrow&#8217;s entrepreneurs are key to the growth of the private sector thus in the long run key to job creation on the continent but how do you foster this new generation?</p>


This initiative aims to create a new generation of African entrepreneurs

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<p>Two media companies with contrasting movement on the Nairobi Securities Exchange this week, with NMG counter the biggest gainer thus far while standard media group has slid further into the red, Erick Mokaya, Founder at Mwango Capital joins CNBC Africa for more.</p>


StanChart set to offer cryptocurrency trading platform

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<p>More than 20 African countries have confirmed the presence of the new COVID-19 variant that was first detected in India last year. However, there is a concern that the new variants can’t easily be tracked because the testing required to identify them isn&#8217;t widely available. Dr. Nicksy Gumede-Moeletsi, Regional Virologist at WHO Regional Office for Africa joins CNBC Africa for more.</p>


Understanding the new COVID-19 variants and how to combat them

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<p>African nations expect to receive $33.6 billion from a new issuance of Special Drawing Rights. This is 6.4 per cent of the proposed $650 billion allocation in SDRs. Is Africa&#8217;s portion sufficient for its economic recovery? CNBC Africa is joined by the Professor of Economics at the University of Cape Town, Carlos Lopes for more.</p>


Special Drawing Rights: Are they sufficient for Africa’s economic recovery?

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<p>The aviation industry has been one of the most hit by the COVID-19 pandemic with the closure of borders limiting movement. Regional flyer Jambojet is one of those most hit and CNBC Africa spoke with the new Managing Director of Jambojet, Karanja Ndegwa for more.</p>


Jambojet resumes operations as lockdown rules are relaxed

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<p>Blockchain is revolutionising the speed and efficiency of transactions. While the application of the technology is still in the proof-of-concept stage, it could play a positive role in a diverse range of industries and sectors including banking, for more on how best it could change banking as we know it, CNBC Africa is joined by Micheal Awori, Chief Operating officer for the Trade and Development Bank for more.</p>


TDB’s Awori on how blockchain technology is transforming the banking industry

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<p>The potential for sports on the continent to turn into the next foreign direct investments pull has been highlighted by the success of the basketball Africa league but what will it take for more sports investment on the continent? CNBC Africa caught up with the Co-owner of the Milwaukee Bucks NBA team and Aston Villa English Premier League Club, Wes Edens for more.</p>


Unlocking Africa’s Dynamic Possibilities through the AfCFTA

Wes Edens on the investment case for basketball in Africa

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<p>African power utilities are struggling with huge operational inefficiencies estimated at more than $3 billion annually with most of its electricity providers barely breaking even, limiting their scope for reinvestment. Where do the challenges lie? Economic Analyst, Odhiambo Ramogi joins CNBC Africa for more.</p>


Ramo

Odhiambo Ramogi: Why profitability has remained elusive for Africa’s power utilities

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<p>In February this year, Job Creation Commission said close to 1.7 million jobs were created in the six months prior in Ethiopia. Bernard Laurendeau, Senior Adviser to the Commissioner of the Ethiopian Jobs Creation Commission spoke with CNBC Africa on how they managed to pull it off at a time when the global economy was impacted by the pandemic.</p>


Ethiopia adds 1.7 million jobs in first-half of 2021

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<p>The inaugural Basketball Africa League comes to an end this weekend in Kigali. But the economic effects of the tournament that has drawn some of the big corporates will be felt for a long time, so what is the economic potential of the Basketball Africa League? CNBC Africa spoke to Masai Ujiri, President of the Toronto Raptors for more.</p>


Toronto Raptors President on the economic potential of the Basketball Africa League

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<p>As businesses continue to respond to COVID-19, conversations on reshaping investment ecosystems and catalysing partnerships are essential. But nonetheless, the scale-up of effective, quality health innovations require a better understanding of barriers to implementation and uptake to reach the most vulnerable populations. Malyse Uwase, East Africa Senior Consultant at Salient Advisory joins CNBC Africa for more.</p>


Salient Advisory’s Uwase on how to accelerate the impact of East Africa’s health-tech innovators

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<p>Safaricom shareholders paper wealth rose by Sh90.1 billion yesterday as investors rushed to buy the company’s shares after it was awarded a license to enter Ethiopia’s market. It marks one of the largest one-day gains on a single stock in the history of the Nairobi Securities Exchange. Stellah Swakei, Investment analyst at Cytonn joins CNBC Africa for more.</p>


Safaricom shares hit record high on Ethiopian licence

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<p>COVID-19 has had an aggravating effect on food insecurity across the continent. Border closures, lockdowns, and lost jobs have reduced food access. As a result, acute food insecurity in Africa has increased by over 60 per cent in the past year and threatens to widen further. Does technology offer a solution? Dioscore Shikama, Founder of AgriGo spoke to CNBC Africa for more.</p>


AgriGo Founder

AgriGo Founder, Shikama on how Africa can leverage technology to end hunger

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<p>The African automotive market is valued at $28.4 billion in 2020, and it is expected to reach $39.8 billion by 2026, registering a compound annual growth rate of 5.55 per cent over the forecast period. To tap into these, Uganda is set to localize its automotive industry supply chain. Allan Muhumuza, Director of Marketing and Sales at Kiira Motors Corporation joins CNBC Africa for more.</p>


Uganda plans to localize its automotive industry supply-chain

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<p>Last week on Friday, the government of Rwanda awarded one-to-five-star statuses to 31 tourism and hospitality establishments. This comes at the time the sector has been hit hard by the Covid-19 pandemic. The Chief Tourism Officer at the Rwanda Development Board, Belize Kariza spoke to CNBC Africa’s Julius Bizimungu on how the government plans to facilitate recovery.</p>


How Rwanda plans to facilitate recovery in its hospitality sector

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<p>A license to operate telecommunication services in Ethiopia has been awarded to a consortium made up of Safaricom, Vodafone, Japan’s Sumitomo and UK finance agency CDC Group.</p>


covid-19 recovery

Standard Chartered Bank: What the IMF SDR approval means for Kenya

This initiative aims to create a new generation of African entrepreneurs

StanChart set to offer cryptocurrency trading platform

Understanding the new COVID-19 variants and how to combat them

Special Drawing Rights: Are they sufficient for Africa’s economic recovery?

Jambojet resumes operations as lockdown rules are relaxed

TDB’s Awori on how blockchain technology is transforming the banking industry

Wes Edens on the investment case for basketball in Africa

Odhiambo Ramogi: Why profitability has remained elusive for Africa’s power utilities

Ethiopia adds 1.7 million jobs in first-half of 2021

Toronto Raptors President on the economic potential of the Basketball Africa League

Salient Advisory’s Uwase on how to accelerate the impact of East Africa’s health-tech innovators

Safaricom shares hit record high on Ethiopian licence

AgriGo Founder, Shikama on how Africa can leverage technology to end hunger

Uganda plans to localize its automotive industry supply-chain

How Rwanda plans to facilitate recovery in its hospitality sector

Global consortium wins telecom license in Ethiopia

News Tips

Advertise With Us

covid-19 recovery

Standard Chartered Bank: What the IMF SDR approval means for Kenya

This initiative aims to create a new generation of African entrepreneurs

StanChart set to offer cryptocurrency trading platform

Understanding the new COVID-19 variants and how to combat them

Special Drawing Rights: Are they sufficient for Africa’s economic recovery?

Jambojet resumes operations as lockdown rules are relaxed

TDB’s Awori on how blockchain technology is transforming the banking industry

Wes Edens on the investment case for basketball in Africa

Odhiambo Ramogi: Why profitability has remained elusive for Africa’s power utilities

Ethiopia adds 1.7 million jobs in first-half of 2021

Toronto Raptors President on the economic potential of the Basketball Africa League

Salient Advisory’s Uwase on how to accelerate the impact of East Africa’s health-tech innovators

Safaricom shares hit record high on Ethiopian licence

AgriGo Founder, Shikama on how Africa can leverage technology to end hunger

Uganda plans to localize its automotive industry supply-chain

How Rwanda plans to facilitate recovery in its hospitality sector

Global consortium wins telecom license in Ethiopia

News Tips

Advertise With Us

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