After a recent shake-up in Ghana’s Micro-finance Industry, depositors of the insolvent and dormant micro-finance companies will get a reprieve, as Bank of Ghana’s appointed Receiver will start to pay validated depositors from funds released by the government. Yaw Gywamfi, Executive Director of Ghana’s Micro-finance Institutions Network joins CNBC Africa to discuss these developments.
Coronavirus – Africa: We will not defeat COVID-19 without including Africa in the global response (By Winnie Byanyima and John Nkengasong)
By Winnie Byanyima, Executive Director of UNAIDS and John Nkengasong, Director of Africa Center for Disease Control and Prevention In much of the global COVID-19 conversation, Africa is barely mentioned. But the risks which the COVID-19 crisis brings are even greater in Africa than elsewhere – and those risks will be compounded if Africa is marginalized in the global response. Beating COVID-19 in Africa, in turn, is essential for beating it worldwide. African leadership and global solid
Central (11,416 cases; 334 deaths; 3,051 recoveries): Burundi (42; 1; 20),Cameroon (4,400; 159; 1,822), Central African Republic (604; 1; 22), Chad (675; 60; 215), Congo (487; 16; 147), DRC (2,297; 67; 337), Equatorial Guinea (719; 7; 22), Gabon (1,934; 12; 459), Sao Tome & Principe (258; 11; 7) Eastern (12,189; 332; 3,283): Comoros (87; 1; 21), Djibouti (2,270; 10; 1,064), Eritrea (39; 0; 39), Ethiopia (582; 5; 152), Kenya (1,214; 51; 383), Madagascar (527; 2; 142), Mauritius (334; 10; 322),
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.
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Many parents are anxious about sending their kids back to school next week with the risk of Covid-19 infections in the classrooms quite high. Similarly, the risk of compromising the academic year by keeping kids at home until a treatment or cure is found is equally as high. Private school group Curro has launched an online schooling platform to help parents keep their kids educated and safe. Andries Greyling, CEO of Curro joins CNBC Africa for more.
Covid-19 disruptions to global supply chains have raised the alarm around food insecurity in Africa, with millions of people at risk of plunging further into poverty. To help the continent feed itself throughout the crisis streaming platform YouTube has partnered with the World Food Programme and UNICEF to raise funding. That’s as Africa works on a sustainable plan for food production, which includes reducing its reliance on food imports. Alex Okosi, Managing Director for Emerging Markets in Europe, the Middle East and Africa at YouTube joins CNBC Africa for more.
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.
As of the 24th of May, Africa had a total of 107,412 confirmed Covid-19 cases, with 42,626 recoveries and 3,246 deaths. CNBC Africa’s Kenneth Igbomor explores ways to protect Africa’s progress during the Covid-19 pandemic with Dr.Vera Songwe, United Nations Under-Secretary-General and Executive Secretary of the Economic Commission for Africa, Dr. John Nkengasong, Director of the Africa Centre for Disease Control & Prevention and Edwin Ikhuoria, Africa Executive Director of the One Campaign....
“I can say, do we have a good business: yes. Are we in distress? No. We have a lot of work to do things are going to get worse before they get better.”
While big business has used its deep pockets to contribute towards Covid-19 related aid, musicians are using their voices. Artists from across the continent have teamed up to create a song to help governments drive important messaging around Covid-19 and to encourage citizens to play their part in limiting the spread of the virus. Two of the artists on the song, South African rapper Riky Rick and Zimbabwean born Sha Sha join CNBC Africa for more....
This time last year Africa was celebrating the milestone that free trade on the continent would soon be a reality. Prior to Covid-19, the free trade Africa deal was due to be implemented on the 1st of July. Africa Day this year is, however, less joyful as the continent grapples with the prospect of deep recession and in some parts, depression with the coronavirus health crisis fast muted into an economic and financial one. Joining CNBC Africa to discuss Africa’s prospects in 2020 is Alexander Forbes Chief Economist, Isaah Mhlanga and Head of Strategic Slients, Lesiba Mothata.
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