On the side-lines of the ongoing Africa CEO Forum, Bank of Kigali signed a RWF 30 billion deal with the European Investment Bank to support new business investment across Rwanda. The new financing will be matched by Bank of Kigali and unlock a total of RWF 60 billion of new private sector investment across Rwanda. CNBC Africa filed this report.
Situated in the heart of Rwanda, Kigali is buzzing with possibility and African charm. Home to countless creative startups and tech hubs and supported by a promising investment climate, the dynamic and progressive capital is the perfect setting for the key event boosting trade in Africa – the IATF 2020.
This month will see the 6th annual edition of the Mashariki African Film Festival here in Kigali under the theme, "Kagire Inkuru" which means, “Tell the Tale”. The event will be a week-long affair featuring filmmakers from across the continent and will host screenings, panels and workshops including one entitled, "Girls In Cinema". CNBC Africa is joined by Kennedy Mazimpaka Communications Manager of Mashariki African Film Festival for more about what the event's relationship is to Rwanda's developing film industry.
Recently it was announced that youth basketball program, Giants of Africa will be hosting its first week-long festival this August right here in Kigali, Rwanda. CNBC Africa's Makeda Mahadeo reports.
In a bid to normalize ties between Rwanda and Uganda, through the fourth Quadripartite Heads of State Summit both President Paul Kagame and Yoweri Museveni met at Gatuna border. They were joined by Angolan President João Lourenço and his Congolese counterpart Félix Tshisekedi. The agenda of the meeting includes review and discussion of feedback from Uganda following a Note Verbale from Kigali dispatched on February 15. Joining CNBC Africa to speak on economic integration between countries in the region is Journalist Gonzaga Mugwana.
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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.
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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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