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Closing Bell West Africa

How this genomics research company is helping Nigeria tackle COVID-19 pandemic

Genomics research company 54Gene's COVID-19 testing support fund was launched today to increase Nigeria's daily testing capacity. The firm opened the fund with a donation of $150 thousand and has since received an additional $350 thousand from Union Bank. CEO of 54 Gene Abasi Ene-Obong joins CNBC Africa for more.

Ghana launches universal QR code for cashless transactions to curb COVID-19 spread

As Ghana deploys tactics to curb community spread of COVID-19, Alex Boahen, Head of Research at Databank Group joins CNBC Africa to discuss the impact on Ghana’s financial markets.

Nigerian foreign exchange and fixed income watch

Traders say they expect activity at the bond market to pick up today, on the back of the unmet bids at Wednesday's bond auction as well as the improvement in liquidity. Oluwatosin Ayanfalu, Fixed Income Broker at Zedcrest Capital joins CNBC Africa to review today’s trading at Nigeria’s fixed Income and Forex market.

How Nigeria’s telecoms industry is responding to COVID-19

The Central Bank of Nigeria says Non-Performing Loans in the banking industry moderated to 6.54 in the February from 6.59 per cent in January. David Adu, Senior Analyst at Meristem Securities joins CNBC Africa for a focus on Nigeria’s banking sector and telecommunication industry.

UBA’s Bankole Odusanya breaks down Nigeria’s bond auction

Bankole Odusanya, Head of Fixed Income Trading at United Bank for Africa (UBA) joins CNBC Africa to discuss investors’ response to bond auction by Nigeria’s Debt Management Office.

NSE in green as MPC maintains MPR at 13.5%

The NSE All-Share Index gained 0.19 per cent today, after the market shed 2.24 per cent. Meanwhile, Nigeria’s Monetary Policy Committee retained all its key rates in the second meeting of the year. Gbolahan Aina, Head of Investment at Cordros Asset Managment joins CNBC Africa for more....

The impact of COVID-19 on Ghana’s economy & stock exchange

Ghana’s Health Ministry says there are 24 confirmed coronavirus cases in the country with one death recorded. Ghana’s government in an effort to curtail the spread of the pandemic has closed most of its borders. Collins Appiah, Economic Advisor at Services Integrity Savings and Loans joins CNBC Africa to discuss the impact of the coronavirus on Ghana’s economy and the stock market.

Lagos announces more containment measures against COVID-19

As confirmed cases of COVID-19 rise in Lagos, the state has told 70 per cent of its public workforce to work from home for the next 14 days. This follows an initial closure of schools and worship centres. Lagos State Governor, Babajide Sanwo-Olu joins CNBC Africa for more.

How COVID-19 is impacting Côte d’Ivoire’s economy

As the COVID-19 pandemic continues to spread across Sub-Saharan Africa (SSA), Ayalenesh Tafesse, Country Risk Analyst at Rand Merchant Bank joins me to discuss the impact on Cote d’Iviore’s economy.

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South Africa’s rand crashes to its lowest ever after Moody’s pulls the plug

South Africa’s rand plunged to an all-time low on Monday, falling below 18.00 to a dollar after ratings firm Moody’s cut the country’s last investment grade credit rating, adding to mounting panic about the coronavirus outbreak.

FNB confirms measures to help customers impacted by COVID-19

“In recent weeks, the South African Government, business community, philanthropists and society at large have shown remarkable unity in a joint effort to protect our country against the impact of COVID-19,” writes FNB Chief Executive Officer, Jacques Celliers.

Sam Amadi on Nigeria’s planned electricity tariff hike & COVID-19 impact

The 14-day lock-down of businesses in Lagos, Abuja and Ogun states, announced by President Muhammadu Buhari will begin tonight at 11 pm. This is less than 48 hours to the planned hike in electricity tariffs announced earlier in the year, which kicks in on the 1st of April? Should the tariff hike still hold bearing in mind recent development around the COVID-19 outbreak and lockdown? Sam Amadi, Former Director General of the Nigeria Electricity Regulatory Commission joins CNBC Africa for more.

Social distancing will help in isolating coronavirus cases: Professor | Capital Connection

Paul Tambyah, professor at the Department of Medicine at NUS, hopes that warmer weather may bring some respite from the coronavirus outbreak.

Almost half of airlines will run out of cash if coronavirus goes on until June | Squawk Box Europe

IATA Director General Alexandre de Juniac outlines how airlines are being impacted by the coronavirus crisis.