Business Unity South Africa is hosting its second Business Economic Indaba today with an important engagement with President Cyril Ramaphosa. CNBC Africa’s Karabo Letlhatlha spoke with BUSA CEO and Eskom board member Busisiwe Mavuso for more.
The values of blue chip companies on the Nairobi Securities Exchange has increased despite the COVID-19 pandemic. CNBC Africa’s Arnold Kwizera spoke to the Chief Executive Officer at the Nairobi Securities Exchange, Geoffrey Odundo for more on this.
In the wake of the COVID-19 pandemic, Ghana has rolled out some palliatives including a 600 million cedis stimulus package for small and medium scale businesses with the aim of minimising the exposure of these businesses to the economic fallout of the pandemic. Joining CNBC Africa to discuss this initiative is Kosi Yankey-Ayeh, Executive Director of the National Board for Small and Medium Scale Industries in Ghana.
Capital imported to Nigeria’s oil and gas sector in the first quarter of the year was about 10.1 million dollars according to data by the National Burea of Statistics. The bureau also says the oil and gas sector grew by 5.06 per cent, recording an average oil daily production of 2.07 million barrels per day in the same quarter. Oyeyemi Oke, Oil and Gas Lawyer and a Partner at A02 Law joins CNBC Africa for more.
The United Nations agency has launched a new COVID-19 Self-Diagnostic Application and Predictive Modelling digital tool for South Africa. The collaboration between the United nations Institute for Training and Research and other organisations in South Africa will be used by the Department of Health to ramp up testing and allow exhaustive health resources to use digital technology to help in the fight against Covid-19. Zviko Mudim, Operations Executive of the Rali and Mokentse Mampeule Foundation, one of the South African originations that helped to create this technology joins CNBC Africa for more.
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The World Bank says despite accelerated progress over the past decade, the world is expected to fall short of the SDG 7 target. In its just-released 2020 edition of the Energy Progress Report, the World Bank says under current policies, an estimated 8 per cent of the global population will not have access to electricity by 2030, and 90 per cent of them will be in sub-Saharan Africa. Makhtar Diop, the Vice President for Infrastructure at the World Bank joins CNBC Africa to discuss the findings of this report.
Energy, Environment & Climate Change
Work at the Deep Earth Station is likely to see the biggest influx of people and equipment into Majtiesfontein since the Anglo-Boer War when it was home to British 12,000 troops.
In a surprise move, Nigeria Monetary Policy Committee cut its main policy rate by 100 basis points to 12.5 per cent and maintained other parameters constant in its third meeting of the year. Bismarck Rewane, CEO of Financial Derivatives and Muda Yusuf, Director-General of the Lagos Chamber of Commerce and Industry joined CNBC Africa’s Wole Famurewa for a post-analysis of this decision....
Following Nigeria’s Monetary Policy Committee's decision to cut the benchmark interest rate to 12.5 per cent, Ahmed Jinad a Research Analyst at Meristem Securities joins CNBC Africa to discuss the implication of this move on Nigeria’s equities market....
In its fight against the spread of COVID-19, our continent faces a massive challenge that requires unprecedented levels of unity and coordinated action. These are the actions the African Union is taking to fight the pandemic.
Dubai gives the green light to reopen gyms, movie theaters and other non-essential businesses as lockdown lifting continues
Key Points: The Dubai government announced new measures to lift restrictions on businesses, allowing gyms, movie theaters, leisure...
India is set to report a sharp slowdown as the pandemic hits its economy — and things could get even worse
Key Points India is set to report growth numbers for the first three months of this year, and...
CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines, and what to watch as the coronavirus pandemic continues to keep most of America on lockdown. On today’s show, Mark Zuckerberg tells CNBC why Facebook is not an “ar
Nigeria’s central bank cut its benchmark lending rate to 12.5% from 13.5%, the central bank governor said on Thursday.
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