Vukile boosts offshore exposure with a R2.8bn Spanish retail acquisition

Vukile Property Fund today announced its acquisition of a portfolio of nine high-quality, newly-built retail parks across Spain via its new 98.3 per cent Spanish REIT subsidiary Castellana Properties.

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Are Africa’s literary traditions on the wane? Or are we not notiving this generation’s breed of Wole Soyinka and Chinua Achebes? CNBC Africa’s Arnold Kwizera spoke to Comic Republic’s Jide Martin on the future of the industry.

East African Breweries CEO shares how the company is responding to the COVID-19 challenges

The brewing industry has always attracted double digit growth due to the demand of beer, wine and other spirit drinks. The Covid-19 pandemic has however dealt a hard blow to the industry, with bars and pubs forced to close as part of the measures to curb the spread of the disease. Andrew Cowan, Group Managing Director and CEO, East African Breweries Limited joins CNBC Africa for more.

How businesses in East Africa can adapt and built resilience in the face of COVID-19

COVID-19 has had a significant economic impact across East Africa, from macro to consumer-level. Global shocks and local restrictions aimed at curbing the virus spread have severely impacted businesses across sectors but how can they bounce back? CNBC Africa’s Arnold Kwizera spoke to Mills Schenck, Managing Director and Partner at the BCG Nairobi for more.

Roelof Botha: SA’s construction industry in need of COVID-19 recovery plan, here’s why

The Afrimat Construction Index for the first quarter of 2020 has shown significantly depressed figures with the index itself falling by more than 27 per cent. Roelof Botha, Economist and Head of the Afrimat Construction Index, urges that these figures prove how important the recovery plan is for the construction sector.

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Fitch expresses doubt over SA’s debt consolidation plans

Just last week finance minister Tito Mboweni outlined the emergency budget to nurse South Africa through the Covid-19 crisis. A big part of this budget was a plan for South Africa to get its debt under control within four years. Fitch Ratings, the agency that downgraded South Africa in April doubts whether South Africa can do this. CNBC Africa’s Chris Bishop spoke to Jan Friederich, Senior Director of Fitch Ratings for more.

Rwanda, USAID sign over $643.8 mn deal to support trans-formative development

Rwanda has signed a financing agreement with the USAID worth about $643.8 million to support Rwanda’s development efforts in the next five years. Moreover, Rwanda Convention Bureau announced the reopening of meetings and conferences. Edwin Ashimwe, Journalist with The New times joins CNBC Africa for more.

How COVID-19 is reshaping Kenya’s education system

On the continent, there has been an increased awareness of the impact of cultural practices on educational achievement that has challenged the education systems. In Kenya, the government is investing in all forms of education; however, experts have noted that for the rise of automation and technological advancements to be effective, an updated skill set is required. Ayub Odida, Researcher at ACAL Consulting joins CNBC Africa for more.

Old Mutual appoints new CEO

“We are delighted at Iain’s appointment. Over the last year, Iain has worked to steer Old Mutual through some significant leadership and operational challenges, demonstrating resilience and an acute sense of business acumen aligned to the Group’s values, purpose, and strategy. On behalf of the Board, we wish to thank him for his contribution during this time. We are confident that he will continue to galvanise the organisation around the delivery of its strategy and purpose and we look forward to working with him in this regard,” says Old Mutual Chairperson, Trevor Manuel.

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