The rand extended its winning run, strengthening over one and a half per cent after the Reserve Bank cut interest rates by a further 50 basis points today, citing low inflation risks. Joining CNBC Africa to unpack the impact of the latest interest rate cut on the real economy is Isaah Mhlanga, Chief Economist, Alexander Forbes and Professor Brian Kantor, Chief Strategist & Economist at Investec Wealth & Investment….
One is left stunned and bewildered that the leader, supposedly of the free world, only interest and concern is for the police to turn on its people, when what is needed and required, is leadership, compassion, understanding, empathy and solidarity at a time of multiple distress, pain and anguish.
Minister in the Presidency Jackson Mthembu said government will challenge a court ruling that found lock-down level 3 and 4 regulations unconstitutional.
The months between May and August, and again in December, are often referred to in Rwanda as “Wedding Season”; a time when tens if not hundreds of couples take advantage of the good weather and visiting family members to have their wedding ceremonies. CNBC Africa spoke to Co-Founder of Tamiim Beauty, Ivan Mugemanyi for more.
Nigeria’s National Assembly has approved the $5.5 billion external loan request of the executive arm of government to fund the country's budget deficit. While addressing the revised Medium Term Expenditure Framework and Fiscal Strategy Paper, the lawmakers raised the oil price benchmark to $28 per barrel from the $25. Dayo Amzat, Managing Director and CEO of Zedcrest Capital joins CNBC Africa for more.
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In the second episode of Building Africa's Prosperity, the spotlight falls on the big part infrastructure plays in the future of Africa and its prosperity. There is no doubt a huge infrastructure gap in Africa. COIVD-19 is likely to make it worse - a lot worse. What can be done at a time when the continent is looking to gear up for the African Continental Free Trade Area?...
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African Development Bank
The African Development Bank’s (AfDB) board on Thursday said it stood by an internal investigation that had cleared its president of improper conduct, but it would carry out an independent review of the report in the interest of due process.
Most experts believe that behavioural change will be key in a post-COVID-19 recovery for businesses. But where has this worked before and how certain are we it's the direction to take? CNBC Africa spoke to Rahab Kariuki, Director at Busara Center for Economics for more.
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