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<p>Kenyan and the United Kingdom government officials have inked deals worth over $185 million on the first day of President Uhuru Kenyatta’s three-day tour that would be channelled mostly through the private sector. The deals are set to unlock projects in housing, manufacturing and energy and setting up Nairobi as the regional investment hub with links to London, the world’s leading financial centre. Economic Analyst Reginald Kadzutu  joins CNBC Africa for more.</p>


Kenya inks $185mn in deals with the UK on Uhuru visit

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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

<p><em>Content provided by APO Group. CNBC Africa provides content from APO Group as a service to its readers and does not edit the articles it publishes. CNBC Africa is not responsible for the content provided by APO Group.</em></p>
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<p>A U.K. Treasury -commissioned independent review on the economics of biodiversity has called for a change in the way the world thinks and acts with regard to nature. Africa, alongside the rest of the world, must heed the call to understand that our economies are embedded within nature and are not external to it, participants in a webinar heard.</p>
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<p>Professor Dasgupta, Frank Ramsey Professor Emeritus of Economics at University of Cambridge, led the review, which was commissioned by the UK Treasury in March 2019, with support from an advisory panel drawn from public policy, science, economics, finance and business.</p>
<p>Sir Dasgupta spoke about the report’s findings at a virtual event hosted by the African Development Bank on Tuesday. The report’s implications for Africa were the focus of the afternoon’s panel sessions, co-organized with the Stockholm Environment Institute (SEI) and the United Kingdom Treasury.</p>
<p>The report, The Economics of Biodiversity: The Dasgupta Review, assesses the economic benefits of biodiversity globally. It looks at the economic costs and risks of biodiversity loss and identifies actions that can simultaneously enhance biodiversity and deliver economic prosperity.</p>
<p>In a conversation between Professor Dasgupta and African Development Bank President Dr. Akinwumi A.  Adesina, the two experts highlighted the need to change approaches, actions, and measure of success in mainstreaming biodiversity in economics and finding a balance between “what humanity takes from nature, and what we leave behind for our descendants.” The responsibility to protect nature is a global, shared one.</p>
<p> “Biodiversity is not really an asset&#8230;it is a combination of assets…Nature is central in every decision,” Partha Dasgupta said.</p>
<p>President Adesina said: “We need to price what we value better, if we value natural capital. If we value biodiversity, we value ecosystems, then let’s make sure that the accounting price we put on biodiversity gives an incentive for its preservation.”</p>
<p>Africa, which contributes the least to global emissions, bears the brunt of the negative effects of climate change. Now, the African Development Bank president said, the added burden of the novel coronavirus pandemic means that countries have even less resources for biodiversity initiatives and to adapt to climate change.</p>
<p>Other speakers,  Dr. Pushpam Kumar, Professor Prof. Théophile Azomahou, Dr. Al-Hamdou Dorsouma, and Dr. Philip Osano, SEI Africa Director, and one of the two moderators, discussed  opportunities to implement Africa’s “options for change.”</p>
<p>One suggestion was that multilateral development banks like the African Development Bank could play a greater role in financing and developing a financial system that channels financial investments – public and private – towards economic activities that enhance the stock of natural assets and encourage sustainable consumption and production activities.</p>
<p>Josefa Leonel Correia Sacko, Commissioner for Rural Economy and Agriculture of the African Union Commission, outlined the many initiatives and programs that the Commission is already supporting to combat illegal poaching, conserve wildlife and the preservation of wild fauna and flora.</p>
<p>These initiatives include a regional cooperation framework on advancing the biodiversity economy. It will see transformation of raw materials and the enhancement of value chains, as well as scaled up investment in the sustainable utilization of biological resources as part of Africa’s transformation.</p>
<p>As part of the post Covid-19 response actions, the African Union has set up the African Green Stimulus Program. It addresses biodiversity conservation, combating illegal wildlife trade, revitalizing ecotourism and biodiversity economy, and the sustainable management of forests. The African Union counts the United Nations Environment Programme and the African Development Bank among its top champions, Sacko said.</p>
<p>The African Development Bank has a growing portfolio of initiatives focused on natural capital and biodiversity which are being channeled through its integrated approach to supporting a green and sustainable recovery from Covid-19 in Africa.</p>
<p>Dr. Kevin Chika Urama, Senior Director of the African Development Bank’s African Development Institute, commended the Dasgupta Review for the strong business case that it makes for realigning investments and decision-making to integrate the values provided by nature.</p>
<p>Earlier, in opening remarks, Dr. Åsa Persson, Research Director and Deputy Director at the Stockholm Environment Institute, emphasized the role and duty of SEI to support policy recommendations with “evidence and data” before they reached the negotiating tables and treasury departments of governments.</p>
<p>Sandy Sheard, Deputy Director with the UK Treasury, said she hoped the report would spur new and ambitious commitments. Her important takeaways were the importance of science and data; doing things differently with what we already have,  and walking the talk.</p>
<p>“The solution at one level is really simple… nature is our home and economics means that we manage it better,” Sheard said.</p>
<p>While opening the event, SEI Africa Director Dr. Philip Osano, underscored the strong connection between culture and biodiversity in Africa, noting that “It  is timely that this policy dialogue on the economics of biodiversity is being held on the occasion of the celebration of the Africa Day on 25th May, whose theme this year is on African cultural renaissance”</p>
<p>For more information and to read the report, click here (https://bit.ly/3fndZ0P).</p>
<p>Distributed by APO Group on behalf of African Development Bank Group (AfDB).</p>
<p>Media Contacts:<br /> African Development Bank<br /> Amba Mpoke-Bigg<br /> Communication and External Relations Department<br /> email: a.mpoke-bigg@afdb.org</p>
<p>Stockholm Environment Institute<br /> Lawrence Malindi Nzuve<br /> Communications Coordinator<br /> email: lawrence.nzuve@sei.org</p>
<p>Media files</p>
<p></p>


Act now to safeguard biodiversity, nature’s asset class in Africa – Dasgupta Review

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<p>The United Kingdom is part of the country’s hardest hit by the Corona virus with over 126 000 deaths to date. Through the Covax fund used to fight the pandemic around the world, the country has provided $734 million. With the UK&#8217;s foreign policy announced earlier this month in the integrated review, CNBC Africa spoke to James Duddridge, Minister of Africa in the United Kingdom for more.</p>


James Duddridge on the UK’s role in Africa’s economic recovery

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<p>The African Development Bank today hosted the Africa Investment Conference. This brought United Kingdom and African businesses together, to discuss investment and partnership opportunities. This comes at an interesting time, amid the implementation of the African Continental Free Trade Area. Joining CNBC Africa for more is Wale Shonibare, Director for Energy Financial Solutions, Policy &#038; Regulation at the African Development Bank.</p>


UK-Africa Investment Conference seeks to strengthen business ties

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<p>The United Kingdom is in last-ditch Brexit talks to finalise its future ahead of the December 31st deadline. Meanwhile, data from the National Bureau of Statistics show that the UK emerged as the top source of capital investment into Nigeria, accounting for just over 40 per cent of the total capital inflows in the third quarter. As Africa gets set for trade under the African Continental Free Trade Agreement in a couple of weeks, we&#8217;ll find out how the United Kingdom intends to work with Nigeria going forward. Helen Grant the UK Prime Minister&#8217;s Trade Envoy to Nigeria joins CNBC Africa for more.</p>


AfCFTA & Brexit: How the U.K plans to deepen trade relations with Nigeria

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<p>A COVID-19 vaccine has become a reality, with the United Kingdom rolling out the Pfizer vaccine this week. There have been concerns about safe transportation of the vaccine, with the focus on temperature and storage. Natural gas and helium producer Renergen has developed a ground-breaking device, to simplify these logistical challenges. Stefano Marani, CEO of Renergen CEO joins CNBC Africa for more.</p>


Renergen develops helium powered transport solution for vaccines

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<p>Nigeria is a strategic economic partner to the United Kingdom as the Economic Development Forum between both countries looks to strengthen their bilateral trade relations. Ben Llewellyn-Jones, British Deputy High Commissioner to Nigeria joins CNBC Africa for more on the U.K’s trade ties with Nigeria.</p>


Ben Llewellyn-Jones on how to strengthen economic ties between Nigeria & the UK

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<p>The number of companies listed on the world’s stock markets has collapsed, over the past two decades. In South Africa, the United States and the United Kingdom the number has been reduced by half. Some have raised their concerns, over what they call a “delisting crisis”. Yet, in many Asian economies, the number of listed companies has doubled. CNBC Africa spoke to Kondi Nkosi, Country Head for South Africa at Schroders to unpack the reasons behind these differences.</p>


Is SA going through a delisting crisis?

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<p>The selection date for the new Director-General of the WTO is getting nearer, eight candidates are going head-to-head for the top position with nominations coming from Mexico, Moldova, Korea, Saudi Arabia, the United Kingdom and Africa – where we have 3 candidates. 58-year-old British Politician who has served as the UK’s Secretary of State for International Trade and was nominated by the United Kingdom for the role of the Director-General of the World Trade Organisation. Dr Liam Fox joins CNBC Africa’s Kenneth Igbomor to share his vision for global trade.</p>


UK’s Liam Fox shares his vision for global trade

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<p>Eight candidates are going head-to-head for the top position at the World Trade Organization with nominations coming from the United Kingdom, Mexico, Moldova, Korea, Saudi Arabia, and three entries from Africa. Trudi Hartzenberg, Executive Director of the Trade Law Centre joins CNBC Africa to talk about the chances of the African candidates vying for the position.</p>


Contenders begin race for WTO top job


<p>LAGOS (Reuters) &#8211; Nigeria confirmed its first fatality from coronavirus, the Nigeria Centre for Disease Control said in a tweet on Monday.  </p>



<p>The patient was a 67-year-old man who returned following a medical procedure in the United Kingdom with underlying medical conditions including multiple myeloma and diabetes and was undergoing chemotherapy, the NCDC said.  </p>



<p>(Reporting by Libby George; editing by Jason Neely)</p>



<p>This article was first published on Reuters Africa <a href="https://af.reuters.com/article/topNews/idAFKBN21A1KJ-OZATP">https://af.reuters.com/article/topNews/idAFKBN21A1KJ-OZATP</a> and is republished with its permission.</p>


Nigeria confirms first fatality from coronavirus -NCDC


<p>NAIROBI (Reuters) &#8211; Mauritius has confirmed its first three cases of coronavirus, its government said in a statement on Thursday. </p>



<p>“It concerns three Mauritian nationals who have travelled back to Mauritius recently aged 21, 25 and 59 years respectively. Two have worked on cruise ships and one is from the United Kingdom,” the government said in a statement on its website. </p>



<p>(Reporting by George Obulutsa; Editing by Sandra Maler)</p>



<p>This article was first published on Reuters Africa <a href="https://af.reuters.com/article/topNews/idAFKBN2160YB-OZATP">https://af.reuters.com/article/topNews/idAFKBN2160YB-OZATP</a> and is republished with its permission.</p>


Mauritius confirms first three cases of coronavirus

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As slated kick-off date for the AfCFTA draws closer, Nigeria’s Trade, Industry and Investment Minister, Niyi Adebayo says the country’s National Action Committee will not recommend ratification unless they are certain the trade policy will not hurt local industries. In an exclusive interview with CNBC Africa’s Christy Cole, the Minister also spoke about Nigeria’s industrial policy, and the upcoming UK-Nigeria Forum.</p>


‘Nigeria won’t ratify AfCFTA unless local industries are safe’ – Trade Minister Niyi Adebayo

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At the ongoing African Mining Indaba, CNBC Africa’s Chris Bishop caught up with Emma Wade-Smith, Her Majesty’s Trade Commissioner for Africa at the UK Department for International Trade and they discussed the importance of Africa’s mining industry to the United Kingdom.</p>


#MiningIndaba2020: Wade-Smith discusses the value of UK-Africa trade relationship in mining sector

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<p>Morocco has done relatively well to maintain its political and economic stability over the years, which is the envy of many other countries. That’s according to Thomas Reilly, the UK Ambassador to Morocco. Reilly joins CNBC Africa’s Chris Bishop at the UK-Morocco Business Dialogue for more.</p>


UK-Morocco Business Dialogue: Thomas Reilly on understanding Morocco’s economic dynamics

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<p>The UK-Morocco Business Dialogue aims to attract and engage in trade and investment opportunities for Morocco. The conference takes place just a day after the salient U.K Africa investment summit and Morocco stands to play an important role in the economic emergence of Africa. CNBC Africa’s Chris Bishop spoke to Minister Delegate for African Cooperation, Mohcine Jazouli.</p>


United Kingdom

Kenya inks $185mn in deals with the UK on Uhuru visit

President Kenyatta embarks on 3-day visit to the UK

Act now to safeguard biodiversity, nature’s asset class in Africa – Dasgupta Review

James Duddridge on the UK’s role in Africa’s economic recovery

UK-Africa Investment Conference seeks to strengthen business ties

AfCFTA & Brexit: How the U.K plans to deepen trade relations with Nigeria

Renergen develops helium powered transport solution for vaccines

Ben Llewellyn-Jones on how to strengthen economic ties between Nigeria & the UK

Is SA going through a delisting crisis?

UK’s Liam Fox shares his vision for global trade

Contenders begin race for WTO top job

Nigeria confirms first fatality from coronavirus -NCDC

Mauritius confirms first three cases of coronavirus

‘Nigeria won’t ratify AfCFTA unless local industries are safe’ – Trade Minister Niyi Adebayo

#MiningIndaba2020: Wade-Smith discusses the value of UK-Africa trade relationship in mining sector

UK-Morocco Business Dialogue: Thomas Reilly on understanding Morocco’s economic dynamics

UK-Morocco Business Dialogue: Minister Mohcine Jazouli on opportunities for investment in Africa

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United Kingdom

Kenya inks $185mn in deals with the UK on Uhuru visit

President Kenyatta embarks on 3-day visit to the UK

Act now to safeguard biodiversity, nature’s asset class in Africa – Dasgupta Review

James Duddridge on the UK’s role in Africa’s economic recovery

UK-Africa Investment Conference seeks to strengthen business ties

AfCFTA & Brexit: How the U.K plans to deepen trade relations with Nigeria

Renergen develops helium powered transport solution for vaccines

Ben Llewellyn-Jones on how to strengthen economic ties between Nigeria & the UK

Is SA going through a delisting crisis?

UK’s Liam Fox shares his vision for global trade

Contenders begin race for WTO top job

Nigeria confirms first fatality from coronavirus -NCDC

Mauritius confirms first three cases of coronavirus

‘Nigeria won’t ratify AfCFTA unless local industries are safe’ – Trade Minister Niyi Adebayo

#MiningIndaba2020: Wade-Smith discusses the value of UK-Africa trade relationship in mining sector

UK-Morocco Business Dialogue: Thomas Reilly on understanding Morocco’s economic dynamics

UK-Morocco Business Dialogue: Minister Mohcine Jazouli on opportunities for investment in Africa

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