Manufacturers in the country have stepped forward to bridge the demand gap and improve access to personal protection equipment under the on-going COVID-19 pandemic. In April, the government commissioned 38 local clothing companies to manufacture face masks after thorough assessment….
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 Covid-19 pandemic has seen a decline in air pollution due to a reduction in vehicle and air traffic as well as industrial activity. How will the pandemic shape economic recovery and what are the lessons learnt? Experts in environment share their thoughts on this and more on the international day for biological diversity....
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.
Coca-Cola Beverages South Africa has launched the Ikageng Employee Share Trust which has been created for the company’s employees to have shares and direct economic participation in the business. Joining CNBC Africa for more is Velaphi Ratshefola, Managing Director of Coca-Cola Beverages South Africa.
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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....
The Trump administration and the Chinese government are going head to head over the coronavirus. The two largest economic powers in the world are trying to control the coronavirus narrative. The White House has accused China of misleading the world a
Ventilators are an essential tool in the fight against Covid-19. But the continent is suffering from a severe supply shortage. Statistics show there are fewer than 2000 ventilators serving millions of people in Africa. In an attempt to fill the air in Africa’s ventilator market, Uni-Life 100 has launched a new ventilator system to provide mass treatment to patients across the continent. Bob Elshove, Sales Director at Unique Group joins CNBC Africa for more.
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.
Nigeria’s central bank cut its benchmark lending rate to 12.5% from 13.5%, the central bank governor said on Thursday.
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....
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