The Rwanda Stock Exchange saw total turnover increase 74.4 per cent as of June 2017 to $18.7 million compared to $10.7 million in the same period last year. The All Share Index however went down 1.9 per cent for the first half of the year.
The World Bank recently announced the first phase of an additional $500 million package to combat the locust invasion in East Africa and the Middle East. According to Moody's, though crucial, the support package pales in comparison with the magnitude of the twin shocks that the East African economies face from the pandemic and the locust invasion. Kelvin Dalrymple, vice-President and Sovereign Analyst at Moody’s joins CNBC Africa for more.
Coronavirus – African Union Member States (54) reporting COVID-19 cases (116,049) deaths (3,488), and recoveries (46,714)
African Union Member States (54) reporting COVID-19 cases (116,049) deaths (3,488), and recoveries (46,714) by region: Central (12,426 cases; 350 deaths; 3,281 recoveries): Burundi (42; 1; 20), Cameroon (5,044; 171; 1,917), Central African Republic (652; 1; 22), Chad (687; 61; 244), Congo (487; 16; 147), DRC (2,402; 68; 340), Equatorial Guinea (719; 7; 22), Gabon (2,135; 14; 562), Sao Tome & Principe (258; 11; 7). Eastern (12,983; 351; 3,438): Comoros (87; 1; 21), Djibouti (2,468; 14; 1,079
Total cases: 336 (+9) Tests: 59,369 (+892) Recovered: 238 (+1) Deaths: 0 Active cases: 98Distributed by APO Group on behalf of Ministry of Health, Republic of Rwanda.Media filesDownload logo
This year was supposed to be one of the biggest sports years for Kenya and East Africa, with athletes from the region set to participate in highly anticipated events like, the Magical Kenya Open, the Basketball Africa League, the African Championship of Nations and the Olympics. With all these sporting events and more being cancelled and postponed; and with gym closures and limited access to coaches leading to no place to train; where does that leave professional athletes and elite hopefuls as the world battles the Covid-19 pandemic? Sports Analyst, Sharon Allela joins CNBC Africa for more.
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Access to Finance Rwanda in partnership with the African Management institute, the Private Sector Federation and others, has launched a new webinar series dubbed, ‘The Business Survival Bootcamp’, through their website, SME Response Clinic. The program is designed to help entrepreneurs navigate the unique challenges that have presented themselves as a result of the Covid-19 pandemic and is slated to begin next week. Head of Programs at AFR, Jean Bosco Iyacu joins CNBC Africa for more.
East Africa's share of private equity transactions has slowly been rising over the years, but this growth momentum has now been disrupted by the Covid-19 pandemic. What will it take for private equity firms in the region to weather the Covid-19 storm and bounce back? David Owino, Managing Partner at Ascent Capital joins CNBC Africa for more.
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