Mara Phones opens its 1st smartphone manufacturing plant in Rwanda

October 8, 2019

| Updated: October 9, 2019

Mara Phones has opened a smartphone manufacturing plant in Kigali, a development that is expected to improve access to public services and financial inclusion among other things.

COVID-19: Vetiva Capital’s fiscal outlook for Nigeria

CNBC Africa - Modified date: July 3, 2020

Vetiva Capital Management says although Nigeria’s total debt to GDP ratio is below the suggested prudential upper band of 40 per cent for developing economies, a higher than projected fiscal deficit, high cost of borrowing and weaker Naira may further limit Nigeria’s fiscal space and reduce the capacity to respond to the Covid-19 crisis. Mosope Arubayi, Chief Economist at Vetiva joins CNBC Africa for more.

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COVID-19: Authenticated identity becoming critical as businesses work remotely

CNBC Africa - Modified date: July 3, 2020

The Covid-19 pandemic is making businesses shift their models to working remotely, thereby making authenticated identity increasingly critical to unlock financial inclusion, drive e-commerce and financial services. Esigie Aguele, CEO of Nigerian KYC start-up; Verifyme joins CNBC Africa for more.

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Andela looks to double talent pool with Africa expansion

CNBC Africa - Modified date: July 3, 2020

Global engineering talent company, Andela is looking to double its talent pool and is ready to accept engineers from all African countries. Omowale David-Ashiru, Andela’s Vice President for Global Operations joins CNBC Africa for more.

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Positive economic growth prospects fuelling Mozambique property rush

CNBC Africa - Modified date: July 3, 2020

Mozambique is seen as a growth potential for investment opportunities, according to the International Monetary Fund its GDP is predicted at 5.5 per cent in 2020 and inflation projected to remain low, increasing slightly to 5 per cent at the end of the year. Ettiene Erasmus, Entrepreneur of Mozambique Property Developments & Investments joins CNBC Africa for more.

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Economy

Land Bank default forces S.Africa’s central bank into $200 mln bailout of state investment arm

Reuters - Modified date: July 3, 2020

JOHANNESBURG (Reuters) - South Africa’s central bank has issued a 3.45 billion rand ($200 million) guarantee to bail out the Corporation for...

Mining

Zimbabwe’s Landela agrees to buy state-owned gold mines, seeks more assets

Reuters - Modified date: July 3, 2020

HARARE (Reuters) - Zimbabwe’s Landela Mining Venture has reached agreements to take over and revive four idle state-owned gold mines and is...

Economy

How Zimbabwe farmers will be trained how to farm with a scheme from Belarus with love

Chris Bishop - Modified date: July 3, 2020

When the farm invasions were unleashed by the people in power in 2000, it led to bloodshed and random confiscation that reaped a bitter harvest of lost production and exports that persists until this day. That year with all of its fumbling fury fuelled with the idea that to get rich you merely had to own a farm, is always seen as a turning point for the industry. It created a large slice of the country’s GDP and as it fell, so did the fortunes of Zimbabwe.

Southern Africa

South Africa’s National Treasury says “no further action” to bailout SAA airline

Reuters - Modified date: July 3, 2020

CAPE TOWN (Reuters) - South Africa’s National Treasury said on Friday there was “no further action” planned to bailout struggling national airline...

Partner Content

Brandcom

Sanlam launches urgent job-preservation initiative in response to COVID-19

Brandcom Partner - Modified date: June 30, 2020

Sanlam Investments is responding to the COVID-19 pandemic through large-scale support of the recovery of South African companies, from small enterprises to...

Brandcom