Earlier this week, traders at the Nigerian Stock Exchange began trading from home. This follows a directive from the NSE aimed at reducing traders’ exposure to the Coronavirus. Andrew Tsaku, a Trader at Kapital Care Trust joins CNBC Africa to review this week’s trading at Nigeria’s stock market….
Download logoStandard Chartered (www.SC.com) has announced that Abbas Husain has been appointed Regional Head of Corporate Finance, Africa and the Middle East (AME). Bringing over nearly 24 years of banking experience, 17 years of which have been with Standard Chartered, Abbas has been leading one of the largest and most successful Project & Export Finance teams in the region, with a proven track record in structuring and executing project finance transactions in the power, water, oil and gas
Download logoSituation Overview and Humanitarian Needs As of 29 May, the total number of confirmed cases of COVID-19 has reached 1,256 with 42 patients who have recovered and 8 deaths, thus bringing the number of active cases to 1,206. Male continue to be more attained than female. The type of transmission is considered community transmission with most cases (96%) concentrated in the capital, Bissau. Two new regions have confirmed cases, Bafata and Gabu, bringing the number of affected region
Several rapid assessments carried out by Save the Children in April, along with increasing anecdotal reports from staff, indicate that misinformation around how COVID-19 spreads is a concerning barrier to reducing infection rates of the disease. Prejudice against those affected by the virus, including frontline health workers and diaspora communities and their families, is contributing to stigmatisation across sub-Saharan Africa and discouraging people from seeking healthcare if they develop
Download logoThe Portfolio Committee on Health, and the Select Committee on Health and Social Services will tomorrow (2 June 2020) continue with their joint oversight programme of assessing the state of quarantine sites and readiness of public and private hospitals to deal with Covid-19 in the Eastern Cape. The committees will visit East London’s Cecilia Makiwane and Frere Hospitals and get a report from the Eastern Cape Provincial Department of Health on the state of Covid-19 in the Bu
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Capital Appreciation, a JSE fintech player raised its final dividend by over 17 per cent following an increase in annual revenue and profits. The payment solutions provider saw increased demand for its digital and cloud based services and said the Covid-19 pandemic has not impacted earnings negatively. Bradley Sacks, Joint CEO at Capital Appreciation joins CNBC Africa for more.
After a two month ban on liquor sales, stores reopened today and thirsty consumers were waiting in line to replenish their stock. While the industry expects liquor sales to spike in the coming days, the ban on sales during the Covid-19 lock-downs has cost over 117,000 jobs. That’s according to the South African Liquor Brand owners Association (SALBA). SALBA CEO, Kurt Moore joins CNBC Africa for more.
The rand is rallying. Eight million people are back at work. Petrol will cost one rand and eighteen cents per litre more from next month and the latest Absa Purchasing Managers Index business activity sub-index rebounded to 43.2 in May after collapsing to an all-time low of 5.1 in April. The magnitude of the increase is surprising, given that most parts of the manufacturing sector could only operate at 30 per cent of employment capacity in May due to lockdown. Miyelani Maluleke, Economist at Absa Corporate and Investment Banking joins CNBC Africa for more.
Last night the Rwandan Prime Minister's office announced that the previously slated date of reopening of passenger motorbikes - which was meant to be today - has been extended until further notice. As the country gears up to reallow taxi-motorbikes to start operating again after over 2 months of being out of service due to Covid-19 measures; tech and mobility company, Pascal Technology has been hard at work equipping them to meet new regulatory measures. CNBC Africa spoke to Pascal Ndizeye, CEO and Founder, Pascal Technology to gauge their progress.
Sanlam Emerging Markets and its partners on the African continent invest over $12 million to fight COVID-19
As we go through this global pandemic together, it is the little things we miss. A high five, a handshake, a walk...
While Germany has one of the highest numbers of coronavirus cases in Europe, its death rate is significantly lower than its neighbors. CNBC’s Timothyna Duncan explores the strategies the country has employed to manage the spread of the disease. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi...
“Stop this culture of frivolous allegations” former World Bank Treasurer Arunma Oteh defends African Development Bank President
"So my appeal really is that we dispense of this issue. That we stop this culture of frivolous allegations around the times of elections. And allow the African Development Bank to support the African continent at this important time.”
With all of the changes to this year’s Pride lineup, many are left wondering how these virtual events will maintain their support of small LGBTQ+ owned businesses, like restaurants, bars, and brick-and-mortar stores, as well as LGBTQ+ focused nonpr
Today, June 1st marks our 13th Anniversary at CNBC Africa. As we celebrate our work and experiences at a time when the world is subdued by the coronavirus, here are views of some of our top analysts and friends from over the years....
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