It’s time for Africa to ride the tiger not study the tiger says Helen Hai, Goodwill Ambassador at UNIDO. CNBC Africa caught up with her during the Africa 2017 summit in Sharm EL Sheik, Egypt and discussed how African countries can increase inflows of foreign direct investment
One of the hardest hit industries during the Covid-19 crisis is the automotive sector, with South Africa’s new vehicle sales for the month of May plunging by 68 per cent in and 98 per cent in April. The slowdown in car manufacturing and consumer purchasing power was due to the strict Covid-19 lockdown that was implemented by the South African government at the end of March. Joining CNBC Africa for more is Mike Mabasa, CEO, National Association of Automobile Manufacturers of South Africa.
Business for SA has estimated that South Africa’s GDP could drop between 8.8 per cent to 16.1 per cent in 2020, joining CNBC Africa to unpack more on this and the release of the ANC economic recovery strategy Post-COVID-19 is Cas Coovadia the CEO of Business Unity SA.
The FinScope 2020 survey has revealed that access to formal financial services in Rwanda rose by 4 per cent to 93 per cent from 89 per cent in 2016, mainly driven by the rise in informal savings groups as well as the rise in mobile money services. However, the report highlighted low levels of formal banking due to affordability and other issues. Financial literacy expert Isaac Nkusi Zirimwabagabo joins CNBC Africa for more.
From a bailout for Kenya Airways, to progress in the formation of a Kenya Development Bank to the country's confirmed new coronavirus cases surpassing the 2000 mark, Journalist Joseph Bonyo catches us up on the headlines making news in Kenya.
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Traders say the high demand and poor supply characterising Nigeria’s forex market for the past few months have resulted in fairly stable rates observed in the trading days this week. Ifeoma Onyejekwe, Fixed Income Trader at UBA joins CNBC Africa for more....
This morning it was announced that taxi motos are now permitted to accept passengers again after over two months of being off the road due to the dangers around the spread of Covid-19. This is good news not only for many of the 45,000 taxi-motorists in the country that depend on the income, but also for the thousands of citizens that they transport daily. CNBC Africa spoke to analyst, Moses Gahigi for more.
While hosting African Development Bank (AfDB) President Akinwumi Adesina on a courtesy visit at State House on Tuesday, Nigerian President Muhammadu Buhari said the country will support Adesina in his bid to get re-elected as President of the multilateral bank.
The Nigeria Stock Exchange in collaboration with the Milken Institute is set to host the inaugural edition of the Webinar Series on Sustainable Capital Markets Forum geared towards promoting Green Finance in West Africa. Jude Chiemeka, Head of Trading Business Division of the Nigerian Stock Exchange joins CNBC Africa for more.
Sanlam Emerging Markets and its partners on the African continent invest over $12 million to fight COVID-19
As we go through this global pandemic together, it is the little things we miss. A high five, a handshake, a walk...
In 2006, little known economics professor Nouriel Roubini warned that the US housing market was at risk of collapsing. Fast forward two years and it did, triggering the global financial crisis. Roubini, now known is Dr Doom is forecasting another economic depression, contradicting the consensus view the recovery from Covid-19 will be V-shaped. Dr Adrian Saville, CEO of Cannon Asset Managers joins CNBC Africa for more.
With students working from home, companies across industries forced to move online and video conferencing services being more utilized now than ever; broadband, WiFi and mobile data capacity seems to be getting tested like never before. So can internet service providers stand up to the test? Robert Nkeramugaba, Senior Network Operations Manager, BSC joins CNBC Africa for more.
In Uganda, according to president Yoweri Museveni, the country will go ahead with its plan to re-open the country despite recording more than 150 Covid-19 cases in three days. Moreover, European Union gives Uganda about $198 million to fund coronavirus response. CNBC Africa spoke to Qatahar Raymond Mujuni, a journalist for more.
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