In a bid to mitigate the impact of COVID-19 on South Africa’s tourism sector, the Department of Tourism is urging eligible small, micro and medium-sized enterprises (SMMEs) to apply for a share of the R200 million Tourism Relief Fund.
The failure by traditional banks to move fast enough to bank the unbanked has been noted as a major challenge for small and medium-sized enterprises (SMEs) on the continent. CNBC Africa's Arnold Kwizera sat down with General Manager of Receipt Bank, Alex Clark on how best fintechs can bridge this gap.
One hundred East African women entrepreneurs were announced the winners of the inaugural 2019 2X Invest2Impact. The initiative was launched to provide these entrepreneurs with networking opportunities, mentorship, business development services, visibility and access to funding, to enable their businesses to thrive and grow. Anne Marie Lévesque, Gender advisor at FinDev Canada joins CNBC Africa for more.
The Nigeria Hydrological Services Agency (HSA) says more flooding is expected in September. Meanwhile, emergency agencies have called for more funding from the government to face the challenges ahead. To discuss this development, Timothy Iwuagwu, Chairman of the Lagos State Branch (LSB) at the Institute of Safety Professionals of Nigeria (ISPN) joins CNBC Africa for more.
Buhari tells CBN to stop providing FX for food imports, how will this impact Nigeria’s food security?
Nigeria’s President Muhammadu Buhari has told the Central Bank to stop providing funding for food imports, a move that has raised questions about the bank’s independence. Bismarck Rewane, CEO of Financial Derivatives and Emmanuel Ijewere, Chairman of Best Food Farms (BFF) both join CNBC Africa for more.
The Black Business Council is engaging with traditional banks to discuss access to funding for black businesses small and large. CNBC Africa reporter Kopano Gumbi has more.
As Africa aims to improve and provide easier access to Primary Health Care, there is still a concern that over half of the funding in the health sector is donor funded. CNBC Africa’s Fiona Muthoni had a conversation with Catherine Ruge, Member of Parliament in Tanzania on this as well as well as the state of the health sector in the country.
As Nairobi gears up for The Kenyan Entrepreneurs Conference on Trade and Development kicking off next week, the focus is on small and medium enterprises and alternative methods of funding. According to the CEO of the event’s partner, Credit Bank, many entrepreneurs do not know how to approach a bank, and as a result end up settling for a traditional loan rather than a more suitable solution. CNBC Africa spoke to Monica Chege, Head of Marketing for Credit Bank for more.