COVID-19 has disrupted the global business ecosystems with Africa’s hospitality industry not exempted from the effects of the pandemic. The Radisson Hotel Group with just under 100 hotels across Africa is aiming to grow that number to 150 in the next 5 years. Moyo Ogunseinde, Executive Director of Anchorage Leisures, the company that owns Radisson Blu Anchorage joins CNBC Africa for more.
The Nigeria Economic Sustainability Plan is a 2.3 trillion naira stimulus plan that the government of Nigeria wants to use to reduce the effects of an expected deep recession caused by the COVID-19. The first phase of the response plan focuses on agriculture for food and jobs. Kyari Bukar, former Chairman of the Nigeria Economic Summit Group joins CNBC Africa for more.
West African leaders have begun a virtual extraordinary summit to negotiate an end to the deepening political crisis in Mali. This comes after presidents from Nigeria, Ivory Coast, Senegal, Ghana and Niger held talks on Thursday last week that ended in a stalemate. Onyekachi Adekoya, Managing Director of PR24 Nigeria joins CNBC Africa for more.
Cote d'Ivoire's Vice President, Daniel Kablan Duncan has resigned just days after the death of Prime Minister, Amadou Gon Coulibaly. Ayalenesh Tafesse, Country Risk Analyst at Rand Merchant Bank joins CNBC Africa to assess the impact of the Covid-19 pandemic and recent events on cocoa-producing country's growth trajectory.
Vetiva Capital Management says although Nigeria’s total debt to GDP ratio is below the suggested prudential upper band of 40 per cent for developing economies, a higher than projected fiscal deficit, high cost of borrowing and weaker Naira may further limit Nigeria’s fiscal space and reduce the capacity to respond to the Covid-19 crisis. Mosope Arubayi, Chief Economist at Vetiva joins CNBC Africa for more.
After recording its lowest ever Manufacturing PMI at 43.3 points in May, FBN Quest's PMI recorded a steep rise to 53.9 points in the month of June. Chinwe Egwim, Economist at FBN Quest Merchant Bank joins CNBC Africa for more.
The Nigerian Stock Exchange has upgraded its Data Portal and says the revamped X-DataPortal will provide a more efficient, user-friendly experience. Jude Chiemeka, Head for Trading at the NSE joins CNBC Africa for more.
2020 marks the fifth year since the launch of the United Nations Sustainable Development Goals. It also means that there are ten years left to achieve the systemic changes needed to reach the Sustainable Development Goals by 2030. So how can organisations drive these changes? Omobolanle Victor-Laniyan, Head of Sustainability at Access Bank joins CNBC Africa for more.
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