Some former African presidents have shown their support for the president of the African Development Bank, Akinwunmi Adesina. This was in a letter over the 16 count allegations levelled against him to which Adesina had stated his innocence. Although the ethics committee of the board of directors of the continental bank has cleared Adesina of these charges, the United States which is one of the major shareholders of the bank has called for an independent probe into the allegations.
The effects of the COVID-19 pandemic are being seen across almost all sectors and with various lockdowns, the agriculture supply, and value chains haven't been spared either. WWFP estimates more than 20 million people are food insecure in the region and might need some form of help but how big of an issue could they be facing in the future? Nathanial Peterson, VP Partnerships, Busara Center for Behavioral Economics joins CNBC Africa for more.
Moody’s has changed Botswana’s A2 sovereign ratings from stable to Negative due to the Covid-19 shock to growth and revenue on the economy and its diamond sector. Joining CNBC Africa more is Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking.
On this day 13 years ago, a dream turned to reality. On June the 1st 2007 CNBC Africa was born after many months of preparations, hard work and research. It was destined to become the largest aggregator of business news in Africa, going to 16 million households in 48 countries in Africa. It has interviewed presidents, world leaders, economists, bankers and billionaires. Two men worked tirelessly to launch CNBC Africa entrepreneurs Rakesh Wahi and Zafar Siddiqi and Zafar Siddiqi the Co-Founder and Chairman of ABN Group speaks about the channel he created.
JSE-listed RH-Bophelo has made a secondary listing on the Rwanda Stock Exchange. This is the first ever listing of a South African company on the RSE, in a move that is expected to help the company diversify its investor base and spread its wings beyond South Africa. CNBC Africa spoke to Quinton Zunga, CEO RH Bophelo for more.
The government of Rwanda announced a climate action agenda worth about $11 billion which features a 38 per cent reduction of greenhouse gas emissions by 2030. CNBC Africa spoke to Juliet Kabera, Director General of Rwanda Environment Management Authority for more.
Manufacturing is very prone to COVID-19, with many small businesses closing without credit to sustain them. Many had problems as far back as 2015 as they faced changing in markets and also disruptions from electricity and less investment confidence in the South African economy.
The coronavirus pandemic is leaving migrant workers unable to send money or goods home to families, cutting off a vital lifeline for communities already under siege from a barrage of external shocks.