CBN moves to strengthen Nigeria’s microfinance space

The Central Bank of Nigeria raised the capital base structure for Microfinance banks. Ololade Adesola, Country Representative, UK Microfinance Association joins CNBC Africa to discuss how this will impact the sector.

Related Content

The extent of the impact of COVID-19 on Kenyan manufacturing

A study has shown that COVID-19 has caused cash flow constraints for an estimated 79 per cent of manufacturers in Kenya resulting in reduction of casual labourers by 40 per cent and 17 per cent of the permanent workers. Job Wanjohi, Head of Policy at Kenya Association of Manufacturers joined CNBC Africa for more.

East African youth ready to step up in fight against Covid-19

Yesterday the findings of an East African Covid-19 Youth survey of over 400 young people from the region were released. The survey was conducted by youth leadership development program, YouLead in partnership with Restless Development and others; and among the findings it was revealed that at least 90 per cent of the participants would want to play an active role in their country’s response efforts if they were given the opportunity. CNBC Africa spoke to the Country Director of Restless Development Uganda, Catherine Rodgers and one of the participants in the survey, Patrick Karekezi for more.

Here’s how Invest In Africa is helping Kenyan SMEs survive Covid-19

With Small and Medium-sized Enterprises (SMEs) and the informal sector making up a vast majority of the businesses and job opportunities in sub-Saharan Africa, ensuring their survival is crucial to the continent’s economic recovery and growth post Covid-19. CNBC Africa spoke to Wangechi Muriuki, Country Manager of Invest In Africa Kenya to learn more about what’s being done to provide this necessary support.

Central Bank of Nigeria cuts benchmark lending rate to 12.5%

Nigeria’s central bank cut its benchmark lending rate to 12.5% from 13.5%, the central bank governor said on Thursday.

Subscribe to our newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox

More from CNBC Africa

Rebosis rolls out COVID-19 testing stations outside malls

Property Group Rebosis, has partnered with government to roll out testing stations for Covid-19 outside its shopping malls in Pretoria – South Africa’s capital. However, foot traffic into these malls is expected to have dived due to the virus lock-downs prevented non-essential stores from trading. Rebosis is yet to release its interim results. Rebosis CEO Sisa Ngebulana joins CNBC Africa for more.

Distell CEO: What the sale of alcohol under level 3 means for the industry

South Africans can look forward to popping their favourite bottle of bubbly or sipping on a glass of pinotage to warm up from the cold winter. That’s as alcohol sales, that were banned for over two months under the Covid-19 lock-down, will be lifted. Distell CEO Richard Rushton joins CNBC Africa for more.

This Rwandan publisher is creating buzz with new book App

After realising the challenges that come with publishing fellow African writers, home-grown publishing house, Imagine We Rwanda launched their very own mobile app, dubbed, Imagine Books. Fast forward 2 weeks and hundreds of titles have been purchased worldwide and the numbers are only going up. CNBC Africa spoke to the founder, Dominique Alonga for more.

COVID-19: This virtual concert campaign is bringing together African artists for charity

The COVID-19 pandemic has affected livelihoods across the continent and different initiatives have been instituted to support them. One of them is a campaign dubbed “We are one Africa” which aims to sustain various communities and groups through virtual concerts. Project Manager, Andrew Alovi joins CNBC Africa for more.

Partner Content

VIVO CEO is a dynamic leader for this innovative global brand

May 2020 -- Six months ago the vision for vivo in South Africa was just beginning to...

Building Africa’s Biggest Digital Classroom

An enduring lesson learnt throughout our 175-year existence is that, while things rapidly change around us, the things that truly matter don’t!...

Trending Now

How The Medical Device Supply Chain Failed During Covid-19

More than three months into the coronavirus pandemic, health-care workers on the front-lines of the battle against Covid-19 say they still face shortages of personal protective equipment. The personal protective shortage was one of the early flashpoi

Tsogo Sun Hotels FY profits plunge, COVID-19 lock-downs weigh

Hospitality Group Tsogo Sun Hotels reported a 31 per cent plunge in full year headline earnings per share, with Covid-19 resulting in demand from international tourist retracting in the fourth quarter, due to global lock-downs.

Nampak swings into H1 loss, suffers R3bn impairment

Nampak swung to a half year loss of R2.4 billion as revenue plunged and it impaired its Angola and Nigeria assets by R3 billion, which is four times its market value. The also warned that future profits were in South Africa were at risk from the ban on alcohol sales due to Covid-19 lock-downs. Nampak CEO, Erik Smuts joins CNBC Africa for more.

How COVID-19 impacts the health & well-being of children

Research shows that children have a lower rate of contracting the Coronavirus and bringing infections to the household. This should provide comfort to South African parents that are in two minds about sending their kids back to school next week, when physical teaching is set to resume. Epidemiologist, Dr Boshoff Steenekamp joins CNBC Africa for more.
- Advertisement -