The Central Bank of Nigeria has given banks a four-week deadline to open foreign exchange outlets at major airports or face stiff sanctions.
The African Union has created an African Union COVID-19 Response Fund with the aim of strengthening the continental response to COVID-19 and mitigate its socio economic and humanitarian impact on African populations. The fund was established by the Chairperson of the African Union Commission Mr Moussa Faki Mahamat on 26 March 2020. This AfricaDay, 25 May, all Africans, people of African descent and friends of Africa are encouraged to “give a little” to the fund. A target of USD$1m
Coronavirus – Kenya: President Uhuru announce 31 new cases of COVID 19 & unveils an 8-Economic Stimulus Programme to stimulate growth Nairobi, Saturday May...
Download logoKenya has recorded 31 more cases of Covid-19 in the last 24 hours bringing the total tally to 1,192. Cumulatively 57,650 samples have been tested so far, President Uhuru Kenyatta said when he unveiled an 8- economic stimulus programme at State House today. “The rate of infections may indeed surge upwards or fall if we all fail to comply to protocols given by the Ministry of Health,” he advised. “The Coronavirus pandemic will continue undermi
Africa Regional Integration Index underlines integration as key to building more resilient economies
Download logoThe second Africa Regional Integration Index (ARII 2019) was launched Friday by the Economic Commission for Africa (ECA), the African Development Bank (www.AfDB.org) and the African Union Commission (AUC), with a call to action to African economies to deepen their integration. The 2019 Index, which builds on the first edition published in 2016, provides up-to-date data on the status and progress of regional integration in Africa. It also helps to assess the level of integration f
Retool annual budgets toward agriculture production and expand food reserves, as COVID-19 exacerbates food scarcity, urges African Development Institute seminar
Download logoAfrican countries need to urgently expand food reserves, keep food supply flowing and boost their agriculture budgets to avert a possible hunger pandemic, partly caused by the COVID-19 pandemic, delegates at a two-day webinar hosted by the African Development Institute (ADI) urged on Tuesday. Africa must now, more than ever, develop and implement policies to enhance capacity to compete in the agriculture sector, processing, trade and industry, the speakers said in a clarion call
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Food producer Tiger Brands reported a 35 per cent fall in half-year headline earnings and has deferred its interim dividend due to uncertainty by the Covid-19 outbreak. The group expects Covid-19 to unfold significant challenges to the business in the near future. Tiger Brands CEO, Noel Doyle joins CNBC Africa for more.
Hospital group Netcare saw a plunge in its hospital admissions in March and April with last month’s figures falling by 49.5 per cent. However, the group has noted that the easing of lock-down restrictions in May has seen a slight uptick in hospital patients. The group has scrapped its interim dividend and has committed R150 million to prepare its ICU and high care facilities to deal with Covid-19 cases. Dr Richard Friedman, CEO, Netcare joins CNBC Africa for more.
Nigeria’s GDP data and MPC announcement is expected later this week and Moody’s has changed the outlook on Namibia’s sovereign rating to negative from stable as it sites economic and financial pressure on Namibia amid the Covid-19 crisis. Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking joins CNBC Africa for more.
According to the United Nations Conference on Trade and Development, global trade is predicted to fall by a record 27 per cent in the second quarter of 2020. In this episode of Doing Business in Rwanda, we take a look at the impact COVID-19 has had on trade and the establishment of cross border cargo transit logistics platform to curb the spread of the virus and facilitate smooth trade between neighbouring countries....
On this CNBC Africa special broadcast on Africa Day we hear from three influential and strident voices of the continent about how they feel Africa can come up with a unified and coordinated response to the pandemic – on both the private and public sector....
Nigerians are a global force bursting with potential and an enviable track record of success. But in a more complex and fast-paced world than ever before, many of us struggle to find the time or have the ability to fulfil their potential.
South Africans may now travel internationally under strict regulations detailed by the Department of Home Affairs.
Food giant Tiger Brands has passed on paying a dividend as it faces job losses and cost-cutting in its operations after a bruising first half trading on the cusp of COVID-19.
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