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<p>The International Monetary Fund has maintained the 2021 forecast for Sub-Saharan Africa at 3.4 per cent, with an upgrade for South Africa following a strong positive surprise in the first quarter offset by downward revisions in other countries. The worsening pandemic developments in sub-Saharan Africa are expected to weigh on the region’s recovery. Malhar Nabar, Division Chief for World Economic Studies at the International Monetary Fund for more.</p>


IMF maintains 2021 forecast for sub-Saharan Africa

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<p>Yesterday was the official listing of the 15-year government bond re-opened last week with a coupon rate of 12.500 per cent and a yield to maturity of 12.480per cent. Rwanda Stock Exchange yesterday recorded a turnover of Frw 312,210,710 worth of bonds traded in 6 deals on the fixed income market and Frw 851,000 from 3,700 MTNRwanda shares traded in 1 deal on the equities market. Olivier Muneza, CEO, Mo Capital joins CNBC Africa for more.</p>


Rwandan market review

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<p>President Uhuru Kenyatta begun his 3 day visit to visit to London, with the aim to ink several economic and security deals on the back of the trade agreement Kenya signed in December with Britain to ensure an uninterrupted flow of goods between the two nations upon the UK’s exit from the European Union trading arrangements. The United Kingdom is expected to announce a $182.6 million new government and private investment into Big Four Projects, including affordable housing and manufacturing. Economic Analyst Odhiambo Ramogi  joins CNBC Africa for more.</p>


President Kenyatta embarks on 3-day visit to the UK

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<p>With the world generating data at a faster rate than ever before, the exigency of data protection and privacy has never been more profound. In Kenya, the Data Protection Act, 2019 came into force on 25th November, 2019 and is now the primary statute on data protection in Kenya. What does it entail? Does it cover all grounds? Robert Nyamu, Digital, Analytics and Cybersecurity Solutions Partner at Ernst and Young joins  CNBC Africa for more.</p>


Survey finds that 41% of firms in Kenya transferred clients data

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<p>When the Covid-19 pandemic hit, majority of African countries were quick to respond to mitigate the impact. However, these responses have come at the expense of recovery. Now countries in Africa face fiscal vulnerabilities. What will it take to recover? CNBC Africa filed this report.</p>


COVID-19: How Africa can chart the path to recovery

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<p>Manufacturing value chains are highly vulnerable to global supply-chain disruptions and external shocks. In the wake of the pandemic, Kenyan manufacturers are facing liquidity challenges, reduced demand, depressed production capacity, cash flow constraints, logistics challenges to name just a few. Mucai Kunyiha, Chairman of Kenya Association of Manufacturers joins  CNBC Africa for more.</p>


Kenyan manufacturers in uproar over new taxes

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<p>The Government of Rwanda announced plans to streamline policies and introducing incentives to aid its elaborate plan to increase the uptake of Technical and Vocational Education and Training courses. More over, it has allocated about Rwf7.1 billion for Technical and Vocational Education and Training in the current fiscal year (2021/2022), a 50 per cent increase from the previous year  as it moves to address the shortage of these practical training materials. James Gashumba, Vice Chancellor at Rwanda Polytechnic joins CNBC Africa for more.</p>


Rwanda allocates $7mn towards consumables to boost hands-on skills

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<p>Tanzania is currently occupied by many banks with a bunch of them running tiny operations. The latest report by Ernst &amp; Young Tanzania indicates that at least eight banks are in the process of merging as a result. Stanley Bijura, EY Tanzania’s Senior Manager for Strategy and Transaction spoke to CNBC Africa for more.</p>


Ernest & Young: Why Tanzania’s banking sector is ripe for consolidation

Ernst & Young: Why Tanzania’s banking sector is ripe for consolidation

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<p>We’ve just witnessed the opening ceremony of the Tokyo Olympics. But unlike previous editions, this year’s games will have no fans in attendance as part of the Covid-19 restrictions.</p>


How the Tokyo Olympics without fans could impact athletic performance

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<p>According to the latest World Bank Rwanda Economic Update, private infrastructure financing will have to increase sharply from its current share of about one-third of the total infrastructure commitments, if the country is to achieve her development goals. CNBC Africa spoke with the Country Manager of World Bank Group Rwanda, Rolande Pryce, for more.</p>


World Bank’s Pryce on how Rwanda can attract more private sector investment to fund infrastructure development

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<p>Africa&#8217;s fintech landscape has experienced tremendous change in Africa and Kenya among the top African countries leading the change. In 2006, financial inclusion in Kenya was just at 26 per cent, but as of February this year it stands at 83 per cent. With the current growth rate and maturity of the industry, what will it take for Kenya to be a global hub for fintech innovation? Ali Hussein Kassim, Chairman, Association of Fintechs in Kenya joins CNBC Africa for more.</p>


How Kenya aims to become global hub for fintech innovation

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<p>While scrapping the controversial social media tax, the Ugandan government in its annual budget for the 2021-22 financial year introduced a 12 per cent excise duty on internet data usage. The latest move will force 21 million internet users to shell out 12 per cent tax while purchasing data packages, we spoke to the minister of ICT Chris Baryomunsi for more.</p>


Uganda scraps social media tax introduces new data levies

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<p>The Nairobi Securities Exchange All Share Index yesterday gained 0.12 points to close at 179.01, while the NSE 20 Share Index declined by 6.38 points to close at 1978.99. On the corporate bonds market this week, the final tranche of the Acorn Green Bond was oversubscribed by 146 per cent. Founder of Mwango Capital, Erick Mokaya is on the line for more on this week&#8217;s happenings on the Kenyan bourse.</p>


Tracking Kenyan market movements

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<p>For the first time in 8 years, the Kenya Revenue Authority surpassed its target for the 2020/21 financial year despite a struggling economy reeling from the effects of the Covid-19 pandemic.</p>


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Kenya’s taxman surpasses target for the first time in 8 years

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<p>Stanchart Kenya is the latest bank to make an announcement in the reduction of mortgage rates as the finance service provider looks at tapping into a growing demand for housing.  Head of Wealth, Deposits and Mortgages at Stanchart, Paul Njoki joins CNBC Africa for more.</p>


Kenyan banks to reduce mortgage rates to tap into growing demand for housing

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<p>Young African leaders under the Future Africa Forum have published a policy brief urging governments to leverage the role of the private sector and community-based initiatives if they are to recover from the Covid-19 pandemic. They argue that the current monetary and social policies are not enough. Gerald Chirinda, Founder of Future Africa Forum spoke to CNBC Africa’s Julius Bizimungu for more.</p>


Young leaders propose new architecture for Africa’s recovery

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<p>It is almost getting close to a year when a war broke out in the Northern Tigray region in Ethiopia. The crisis has taken scores of the lives of people in that region, and several businesses have shut down. Today we ask the fate of Tigray. Joining CNBC Africa for this discussion is Feven Girmay, Researcher at the Harvard University, and Samuel Getachaw, Political and Economic Analyst.</p>


Kenya

IMF maintains 2021 forecast for sub-Saharan Africa

Rwandan market review

President Kenyatta embarks on 3-day visit to the UK

Survey finds that 41% of firms in Kenya transferred clients data

COVID-19: How Africa can chart the path to recovery

Kenyan manufacturers in uproar over new taxes

Rwanda allocates $7mn towards consumables to boost hands-on skills

Ernst & Young: Why Tanzania’s banking sector is ripe for consolidation

How the Tokyo Olympics without fans could impact athletic performance

World Bank’s Pryce on how Rwanda can attract more private sector investment to fund infrastructure development

How Kenya aims to become global hub for fintech innovation

Uganda scraps social media tax introduces new data levies

Tracking Kenyan market movements

Kenya’s taxman surpasses target for the first time in 8 years

Kenyan banks to reduce mortgage rates to tap into growing demand for housing

Young leaders propose new architecture for Africa’s recovery

What lies ahead for Ethiopia’s Tigray region?

News Tips

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Kenya

IMF maintains 2021 forecast for sub-Saharan Africa

Rwandan market review

President Kenyatta embarks on 3-day visit to the UK

Survey finds that 41% of firms in Kenya transferred clients data

COVID-19: How Africa can chart the path to recovery

Kenyan manufacturers in uproar over new taxes

Rwanda allocates $7mn towards consumables to boost hands-on skills

Ernst & Young: Why Tanzania’s banking sector is ripe for consolidation

How the Tokyo Olympics without fans could impact athletic performance

World Bank’s Pryce on how Rwanda can attract more private sector investment to fund infrastructure development

How Kenya aims to become global hub for fintech innovation

Uganda scraps social media tax introduces new data levies

Tracking Kenyan market movements

Kenya’s taxman surpasses target for the first time in 8 years

Kenyan banks to reduce mortgage rates to tap into growing demand for housing

Young leaders propose new architecture for Africa’s recovery

What lies ahead for Ethiopia’s Tigray region?

News Tips

Advertise With Us

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