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<p>Developing nations need an additional $2.5 trillion on top of recently announced stimulus measures to fight the economic blow from the coronavirus. That’s according to a United Nations report launched today. The report outlines ways in which that money can be raised. Richard Kozul-Wright, who was part of the research, joins CNBC Africa for more.</p>


Developing nations need $2.5trn to fight COVID-19

Developing nations need $2.5trn to fight COVID-19, here’s how the money can be raised

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<p>The JSE is expected to see massive capital outflows from the bond market when South Africa gets kicked out the World Government Bond Index because of its junk status rating. But CEO Leila Fourie says the net market fallout may be limited by active fund managers picking up the slack from passive funds that dump our non-investment grade bonds. JSE Group CEO Leila Fourie joins CNBC Africa for more.</p>


JSE CEO on Moody’s downgrade & COVID-19 impact

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<p>In a matter of months COVID-19 has changed how students are educated after numerous countries put forward strict measures and closed schools. Robert Stephanus Kleynhans, Director, SABIS International School Runda joined CNBC Africa to give insight on how the education system in Kenya is  responding to these changes and if the new solutions for education could bring much needed innovation in the sector.</p>


How COVID-19 is transforming the way students are educated

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<p>Kenya recently put in place a partial lockdown to curb the spread of COVID-19 with a full shutdown likely to be imposed in light of increasing number of infections. Risk Expert, Caroline Gathii joins CNBC Africa to discuss the economic implications of this curfew.</p>


The economic cost of Kenya’s COVID-19 curfew

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<p>As Nigeria commences it 14-day lockdown of three major states Abuja, Lagos and Ogun, as part of efforts to contain the spread of the COVID-19 virus which has seen numbers rising, CNBC Africa&#8217;s Christy Cole reports on how Nigerians were stocking up supplies to meet up the 11:00pm deadline last night.</p>


Nigeria locks down Abuja

Nigeria locks down Abuja, Lagos & Ogun to fight coronavirus

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<p>Nigeria&#8217;s private sector and the Central Bank have come together to form the Nigerian Private Sector Coalition against Covid-19. The coalition is made up of top CEO&#8217;s of the private sector and part of their objectives is to mobilize private sector resources to combat the unfolding health and economic crisis caused by the COVID-19 pandemic. Kayode Akindele, Partner at TIA Capital joins CNBC Africa discuss the economic fallout of this lock down</p>


Nigeria’s private sector

Nigeria’s private sector, CBN partner in fight against COVID-19

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<p>The richest man in South Africa has stepped in to offer a lifeline to small businesses in these difficult times. Nicky Oppenheimer – worth $7.5 billion dollars as we speak according to Forbes – has pledged a billion rand to fight COVID-19 and help out employees in SMME’s. It will transfer funds to employees through interest free loans and also plans to stimulate economic growth after the crisis. Nicky Oppenheimer joins CNBC Africa for more.</p>


How SA’s small businesses can access the R1bn Oppenheimer fund

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<p>The Department of Trade, Industry and Competition and the National Empowerment Fund have created a fund for black entrepreneurs to manufacture and supply medical products in South Africa to help in the fight against COVID-19. Joining CNBC Africa for more is Hlengiwe Makahthini, Spokesperson of the National Empowerment Fund.</p>


This fund seeks to help black entrepreneurs tackle COVID-19

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<p>Calgro M3 has donated over 3,000 bottles of hand sanitisers to the Fleurhof community and have pledged its support and assistance to the community as South Africa battles with a 21-day national lockdown. Joining CNBC Africa for more is Wikus Lategan, CEO of Calgro M3.</p>


Calgro M3 donates sanitisers to the Fleurhof Community

Calgro M3 donates sanitisers to the Fleurhof Community, pledges more support to battle COVID-19

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<p>Small and medium enterprises are some of the most affected in Kenya due to the on-going global COVID19 pandemic but to help cushion the economic blow, the government has introduced a series of stimulus measures, including reducing value-added tax and corporation tax but is this enough; CNBC Africa spoke to George Bodo, Director at Callstreet Research and Analytics LTD.</p>


How Kenya plans to help its SMEs weather COVID-19 crisis

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<p>Uganda&#8217;s President Yoweri Kaguta Museveni in his address to the nation last night announced a nationwide lockdown for the next two weeks as the country battles the covid19 pandemic. NTV&#8217;s Qatahar Raymond Mujuni joined CNBC Africa for more.</p>


COVID-19: Uganda president announces 14 day national lockdown

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<p>Coffee importers in some of the largest consuming countries are stockpiling, bringing forward orders by up to a month to avoid shortages as supply chains be disrupted by coronavirus lockdowns, CNBC Africa spoke to the Founder, Cafe for Change, Fernando Morales de la Cruz for more.</p>


How COVID-19 is impacting East Africa’s coffee producers

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<p>The Solidarity Fund set up to fight COVID-19 in South Africa had raised R500 million. The fund will spend a slice of this buying five million masks and gloves from manufacturers in China, the rest will go to supporting the healthcare system, humanitarian effort and mobilising citizens to flatten the curve and manage the pandemic. Gloria Serobe, Chairperson of The Solidarity Fund.</p>


SA’s Solidarity Fund to appoint board next week: Serobe

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<p>In the last week South Africa’s banking regulator has taken extraordinary measures to stabilise the bond markets and financial system, on which the very heart of the economy is built on. The South African Reserve Bank revealed plans to buy bonds and give banks a respite from accounting and capital rules. This could release about 300 billion rand for lending to assist the economy to deal with Moody’s downgrade and COVID-19. Kuben Naidoo, Deputy Governor of the South African Reserve Bank and Chief Executive Officer of the Prudential Authority joins CNBC Africa for more.</p>


Kuben Naidoo on what the SARB is doing to cushion banks from COVID-19

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<p>On Friday a few minutes before the clock struck midnight, Moody’s downgrade South Africa to junk. Mike Brown, CEO of Nedbank warns that this will make it increasingly difficult to borrow money around the world and in the COVID-19 era more will be expected from banks.</p>


COVID-19 will see more demand from banks – Nedbank CEO

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<p>Last week South Africa’s President, Cyril Ramaphosa revealed that the Rupert and Oppenheimer families had each contributed R1 billion to assist small businesses and their employees affected by the coronavirus pandemic and the country’s #21daylockdown. Yesterday more details were announced on the Rupert family funding. The fund will be administered by BUSINESS/PARTNERS of which Remgro owns 42.8 per cent stake. Ben Bierman, Managing Director at BUSINESS/PARTNERS joins CNBC Africa for more.</p>


How Remgro’s one billion rand fund for SMEs will work

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<p>Yesterday Absa revealed measures to lessen the burden on its customers as South Africa weathers the storm of COVID-19, #21daylockdwon and a downgrade to junk by Moody’s. Bongiwe Gangeni, Deputy Chief Executive Officer for Retail &#038; Business Bank at Absa joins CNBC Africa for more.</p>


executive

Developing nations need $2.5trn to fight COVID-19, here’s how the money can be raised

JSE CEO on Moody’s downgrade & COVID-19 impact

How COVID-19 is transforming the way students are educated

The economic cost of Kenya’s COVID-19 curfew

Nigeria locks down Abuja, Lagos & Ogun to fight coronavirus

Nigeria’s private sector, CBN partner in fight against COVID-19

How SA’s small businesses can access the R1bn Oppenheimer fund

This fund seeks to help black entrepreneurs tackle COVID-19

Calgro M3 donates sanitisers to the Fleurhof Community, pledges more support to battle COVID-19

How Kenya plans to help its SMEs weather COVID-19 crisis

COVID-19: Uganda president announces 14 day national lockdown

How COVID-19 is impacting East Africa’s coffee producers

SA’s Solidarity Fund to appoint board next week: Serobe

Kuben Naidoo on what the SARB is doing to cushion banks from COVID-19

COVID-19 will see more demand from banks – Nedbank CEO

How Remgro’s one billion rand fund for SMEs will work

Absa launches COVID-19 payments relief programme

News Tips

Advertise With Us

executive

Developing nations need $2.5trn to fight COVID-19, here’s how the money can be raised

JSE CEO on Moody’s downgrade & COVID-19 impact

How COVID-19 is transforming the way students are educated

The economic cost of Kenya’s COVID-19 curfew

Nigeria locks down Abuja, Lagos & Ogun to fight coronavirus

Nigeria’s private sector, CBN partner in fight against COVID-19

How SA’s small businesses can access the R1bn Oppenheimer fund

This fund seeks to help black entrepreneurs tackle COVID-19

Calgro M3 donates sanitisers to the Fleurhof Community, pledges more support to battle COVID-19

How Kenya plans to help its SMEs weather COVID-19 crisis

COVID-19: Uganda president announces 14 day national lockdown

How COVID-19 is impacting East Africa’s coffee producers

SA’s Solidarity Fund to appoint board next week: Serobe

Kuben Naidoo on what the SARB is doing to cushion banks from COVID-19

COVID-19 will see more demand from banks – Nedbank CEO

How Remgro’s one billion rand fund for SMEs will work

Absa launches COVID-19 payments relief programme

News Tips

Advertise With Us

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