<p><iframe loading="lazy" src="https://www.youtube.com/embed/XIAn01sV9RE" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>After two challenging years, the Africa Travel Indaba is back in physical form. A platform for networking, striking deals and promoting Africa as a destination of choice and announcing to the world that Africa is open for travelling. Join CNBC Africa as panel of industry experts discuss how Durban’s Tourism sector will bounce back and the strategies to rebuild Durban’s tourism sector&#8230;.</p>


Rebuilding the tourism sector in Durban

<p><iframe loading="lazy" src="https://www.youtube.com/embed/qrlJOHGmw_Q" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>The reality of life is that you cannot escape threats. Threats to your business, your relationships, your potential, your health. In fact, everything you love is being threatened. The question is, what will you do about it? “We are all continuously threatened. &quot;This might sound depressing, but in reality, it’s an invitation to become a better version of you”, says Erik Kruger international speaker and author of the new book, DANGEROUS. He tells CNBC Africa&#8217;s Jill de Villiers about the book in this special edition of Taking Books&#8230;.</p>


Talking Books: Erik Kruger talks about his book DANGEROUS – Be the threat to your threats

<p><iframe loading="lazy" src="https://www.youtube.com/embed/RxVeRGwJQcQ" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>This Focus On special brings highlighted voices from the Africa Travel Indaba 2022 on the importance of reviving tourism in Durban and new developments planned by the city&#8230;.</p>


Focus On rebuilding Durban’s tourism sector

<p><iframe loading="lazy" src="https://www.youtube.com/embed/TFMZ7-WkMeA" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>The Treasury Bills market was mixed, despite the 50-billion-naira Omo Auction by the Central Bank yesterday. Traders at Access Bank say they expect the sentiment to be sustained in today’s trade. Bosun Obembe an FX and Derivatives Trader at Access Bank, joins CNBC Africa for a weekly wrap of activities in the Fixed income market&#8230;.</p>


T-Bills mixed on ₦50bn OMO Auction

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<p>Over the past few episodes, CNBC Africa&#8217;s Tania Habimana has spoken to an innovator, a venture capitalist, and a mining giant. They all have one thing in common&#8230;expanding their ideas across borders. This week&#8217;s guest is  Ghanaian-born Isaac Kwaku Fokuo Jr, Founder and Principal of Botho Emerging Markets Group&#8230;.</p>


Entrepreneurial Edge: In conversation with Ghana’s accidental entrepreneur

Entrepreneurial Edge: In conversation with Ghana’s accidental entrepreneur, Isaac Kwaku Fokuo

<p><iframe loading="lazy" src="https://www.youtube.com/embed/Dl-utAKnlIg" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Traders at UBA say they expect activities in the fixed income market to be quiet this week, while anticipating yields to trend north as traders move to sell down their positions this month. Chuka Nwachukwu, Head of Bonds trading at UBA joins CNBC Africa  to discuss market performance at the fixed income and FX markets this week&#8230;.</p>


UBA expects higher yields movement

<p><iframe loading="lazy" src="https://www.youtube.com/embed/SOIkdB69uh4" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Traders at Access Bank expect sentiments in the Treasury Bills market to continue the bearish run from last week due to low liquidity levels. Akpevwe Oputu, a Money Market Trader at Access Bank, joins CNBC Africa to discuss market expectations this week&#8230;.</p>


Access Bank: T-Bills bearish sentiment to persist


<figure class="wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex">
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" data-id="416877" src="https://cms.cnbcafrica.com/wp-content/uploads/2022/05/KZN-Floods_Flickr52003672603_c6c56c8529_b-1-820x547.jpg" alt="" class="wp-image-416877" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2022/05/KZN-Floods_Flickr52003672603_c6c56c8529_b-1-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2022/05/KZN-Floods_Flickr52003672603_c6c56c8529_b-1-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2022/05/KZN-Floods_Flickr52003672603_c6c56c8529_b-1-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2022/05/KZN-Floods_Flickr52003672603_c6c56c8529_b-1-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2022/05/KZN-Floods_Flickr52003672603_c6c56c8529_b-1.jpg 1024w" sizes="(max-width: 820px) 100vw, 820px" /></figure>
<figcaption class="blocks-gallery-caption">Flood stricken KwaZulu-Natal in South Africa.</figcaption></figure>



<ul class="wp-block-list"><li>South Africa is recovering from the biggest natural disaster to hit the country in recent history.</li><li>The country is proactively responding to climate change through adaptation-focused regulation and green energy investments.</li><li>A just transition that protects both lives and livelihoods is the best strategy for South Africa.</li></ul>



<p>In April 2022, heavy rains, flooding, and subsequent mudslides hit the KwaZulu-Natal coast in South Africa. While efforts are underway to establish the extent of the damage, hundreds of lives have been lost, with many more still missing. When visiting the disaster-struck areas around the city of Durban, South Africa’s president, Cyril Ramaphosa, shared his perspective on what lay behind the country’s worst natural disaster on record: “We no longer can postpone what we need to do – we must deal with climate change.”</p>



<p>The impact of the disaster&nbsp;<a href="https://reliefweb.int/disaster/fl-2022-000201-zaf" target="_blank" rel="noreferrer noopener">was not equally felt</a>. South Africa is the world’s&nbsp;<a href="https://www.dailymaverick.co.za/article/2022-03-13-south-africa-the-worlds-most-unequal-country-world-bank-report/" target="_blank" rel="noreferrer noopener">most unequal country</a>, and it was in the poorer regions where the consequences of the extreme weather were most severe. This impact visualises the plea of many African nations: Poor communities contribute the least to global pollution but are suffering the most.</p>



<h2 class="wp-block-heading" id="adaptation-through-climate-law"><strong>Adaptation through climate law</strong></h2>



<p>Disasters such as these can mark a national conscience and drive forward the urgency to act. South Africans are, given the country’s unique history, people of civil action. In the wake of the disaster, thousands of volunteers are assisting in relief efforts, while&nbsp;<a href="https://www.aljazeera.com/news/2022/4/15/s-africa-climate-justice-orgs-file-criminal-complaints-agai-govt#:~:text=Johannesburg%2C%20South%20Africa%20%E2%80%93%20A%20group,action%20to%20address%20the%20climate" target="_blank" rel="noreferrer noopener">climate justice</a>&nbsp;movements are calling on the government to take practical action to address the climate crisis. These public calls aren’t falling on deaf ears, with the nation’s parliament currently deliberating a&nbsp;<a href="https://www.parliament.gov.za/bill/2300773" target="_blank" rel="noreferrer noopener">Climate Change Bill</a>. If enacted, this law will place a legal obligation on all local and provincial governments to undertake climate change needs assessments, followed by climate change response implementation plans. These climate change response plans must, as a next step, be integrated into all existing social development plans.</p>



<p>The bill provides for adaptation objectives for the country. These objectives are specific green targets that the government must reach within stringent timeframes. The bill also provides for carbon taxes on heavy polluters and sectoral carbon budgets. Environment minister,&nbsp;<a href="https://www.foodformzansi.co.za/at-last-climate-change-bill-reaches-parliament/" target="_blank" rel="noreferrer noopener">Barbara Creecy</a>, has called the bill “a dream come true” and that it brings all the country’s efforts to deal with climate change under one piece of legislation. Creecy has emphasized that “Sub-Saharan Africa is one of the regions of the world that is most vulnerable to climat</p>



<h2 class="wp-block-heading" id="a-just-transition"><strong>A just transition</strong></h2>



<p>One of the results of COP26 was the launch of the&nbsp;<a href="https://www.g7uk.org/wp-content/uploads/2021/12/ANNEX-TO-G7-LEADERS-STATEMENT-PARTNERSHIP-FOR-INFRASTRUCTURE-AND-INVESTMENT-FINAL-3-DECEMBER.pdf" target="_blank" rel="noreferrer noopener">Just Energy Transition Partnership</a>&nbsp;(JETP). This partnership between South Africa, France, Germany, the UK, and the USA, aims to support South Africa’s&nbsp;<a href="https://www.thepresidency.gov.za/press-statements/south-africa-establishes-historic-international-partnership-support-just-transition#:~:text=President%20Cyril%20Ramaphosa%20has%20today,and%20a%20climate%20resilient%20society" target="_blank" rel="noreferrer noopener">just transition</a>&nbsp;to a low carbon economy and climate-resilient society. As Africa’s most industrialized nation and the&nbsp;<a href="https://www.worldometers.info/coal/south-africa-coal/#:~:text=Coal%20Production%20in%20South%20Africa&amp;text=South%20Africa%20produces%20277%2C951%2C564%20tons,ranking%207th%20in%20the%20world." target="_blank" rel="noreferrer noopener">world’s 7<sup>th</sup>&nbsp;largest coal producer</a>, South Africa is the&nbsp;<a>world’s 12<sup>th</sup>&nbsp;largest emitter</a>&nbsp;of carbon dioxide (C02) and is responsible for nearly half of Africa’s C02.</p>



<p>The energy industry is liable for the largest share of emissions, with the country’s energy utility, Eskom, berated as the&nbsp;<a href="https://energyandcleanair.org/eskom-worlds-most-polluting-power-company/" target="_blank" rel="noreferrer noopener">world’s most polluting power company</a>. While&nbsp;<a href="https://www.institutmontaigne.org/en/blog/too-cool-coal-future-south-africas-energy" target="_blank" rel="noreferrer noopener">80% of the country’s energy is still generated from coal</a>, the ongoing war in Ukraine is increasing&nbsp;<a href="https://www.youtube.com/watch?v=hb6Dx1ho75c" target="_blank" rel="noreferrer noopener">global demand for South African coal</a>.</p>



<p>With coal mining employing thousands, particularly in the north-eastern province of Mpumalanga, the impact of this industry on the environment and livelihoods is severe.&nbsp;<a href="https://www.greenpeace.org/africa/en/press/4202/new-satellite-data-reveals-the-worlds-largest-air-pollution-hotspot-is-mpumalanga-south-africa/" target="_blank" rel="noreferrer noopener">Greenpeace</a>&nbsp;has identified the city of Witbank, in Mpumalanga’s coal belt, as the world’s largest Nitrogen Dioxide hotspot, and a recent&nbsp;<a href="https://www.hrw.org/news/2022/03/24/south-african-court-urges-action-deadly-air-pollution" target="_blank" rel="noreferrer noopener">court ruling</a>&nbsp;found that air pollution in the area infringes residents&#8217; constitutional right to an environment that isn’t harmful to their health. This just transition away from coal is a necessity not just for those suffering the consequences of extreme weather but for lives indebted to the economic clout of coal in regions like Mpumalanga.</p>



<p>A key mandate of the partnership involves the need for an equitable and inclusive transition for workers and vulnerable communities away from current economic dependencies. While coal mining has been a bedrock of the economy, South Africa is blessed with&nbsp;<a href="https://www.sciencedirect.com/science/article/pii/S1876610217365165#:~:text=With%20an%20average%20of%202%2C500,competitive%20with%20the%20solar%20potential." target="_blank" rel="noreferrer noopener">immense renewable energy potential</a>&nbsp;for the just transition, boasting an average of 2,500 hours of sunshine per year and 4,5 to 6,6 kWh/m<sup>2</sup>&nbsp;of radiation levels for solar power; and wind power potential of up to 6,7000 GWs.</p>



<p>The partnership aims to mobilize $8,5 billion over 3-5 years to bring South Africa’s carbon emissions within the Paris Agreement targets by shifting away from fossil fuels to renewable sources. Renewable energy has already created over&nbsp;<a href="https://mg.co.za/opinion/2021-09-01-renewable-energy-can-create-about-231-400-jobs-up-to-2030/" target="_blank" rel="noreferrer noopener">55,000 jobs in the country</a>, and, in Mpumalanga alone,&nbsp;<a href="https://www.engineeringnews.co.za/article/up-to-72-000-energy-transition-jobs-could-be-created-in-mpumalanga-by-2030-study-shows-2021-12-08" target="_blank" rel="noreferrer noopener">up to 72,000 energy transition jobs</a>&nbsp;can be created through 2030. The adverse, unfortunately, is that roughly 74,000 jobs are at risk. Sustainable job alternatives for such workers are crucial.</p>


KZN Floods_Flickr_52003672603_c6c56c8529_b

How South Africa’s recent floods compel climate action￼


<p>It has been a month since the six-month Expo 2020 Dubai drew to a close, but some thoughts linger, some concepts stay and some flavors remain.</p>



<p>In the diverse melting pot that is Dubai, home to as many as 200 nationalities, Africa had its moment under the Arabian sun, in a two-floor facility opposite the central Al Wasl Dome that anchored Expo 2020 Dubai.</p>



<p>By the landmark waterfalls at the expo site, this 22,000sqft facility threw its doors open to a composite and immersive African gastronomic experience led by world-renowned African chefs.</p>



<p>This creative confluence, Alkebulan, an African dining hall, was a magnet through the expo – apparently a million clients and customers passed through the sprawling outlet with its colorful contemporary outdoor terraces and indoor spaces.</p>



<p>And Chef Alexander Smalls, a restaurateur and award-winning author based in New York, is the man who brought the bespoke chef-led concepts of Alkebulan under one roof.</p>



<p>When we meet Smalls at the venue, he is wearing bright yellow-rimmed spectacles and a big smile.</p>



<p>He had dreamed up the concept many years ago, and can’t conceal his excitement at seeing it as a reality with the help of the team at Expo 2020 Dubai.</p>



<p>“We have created a whole environment that contains the food of Africa and speaks to the African diaspora. I have put together a collection of extraordinary chefs who have reimagined African cuisine for the new age and it’s the first African dining hall in the world and it has been received so well,” enthuses Smalls.</p>



<p>The success of this outlet will lead to more in New York and London, he says, and set off a global expansion for&nbsp;Alkebulan.</p>



<p>“It speaks to the wealth of African cuisine and its people. We are having a revolution,” he adds.</p>



<p>A lot of the work was conducted during the pandemic, through video calling and a team on the ground who were Smalls’ eyes and ears.</p>



<p>“We created nine food concepts and two bars. I created all the concepts myself, but then for the authenticity, I needed to bring in culinary practitioners from around the world who were doing what I was, and bring special talent to make it a unique concept.”</p>



<p>But with 54 countries on the African continent, how difficult was it recreating all of those culinary experiences?</p>



<p>“It was extremely challenging,” admits Smalls. “At one point, I stopped thinking about 54 countries and started thinking about essentially the topical conversations around African food. The net had to be cast broadly, but they all have their particular footprint. The idea was to mirror the landscapes we are in… It was the&nbsp;perfect time to bring back the authenticity of Africa. It has given us an opportunity to enlighten and inspire and have people’s mindsets change about the African experience.”</p>



<p>Amongst the guest chefs presenting their offerings: TV personality Kiran Jethwa, Chef Coco, Mame Sow, Glory Kabe and Pierre Thiam.</p>



<p>Thiam, also a cook book author, chips in.</p>



<p>Originally from Senegal and having lived in the US for three decades where he has two restaurants in New York and a food company directly connected with farming communities across West Africa “through products relevant in times of climate change”, he calls himself a restaurateur, chef and social entrepreneur.</p>



<p>“Dubai has been incredible,” Thiam begins. “What Chef Alexander has realized here is telling the story in a more complete way and that to me is part of my mission being West African. Just the name, Alkebulan, takes us to the time before colonization. That’s that we are doing. We are more than just serving food – we are serving the whole, we are telling our own story.”</p>



<p>He says he studied West African cuisine and specialized in “the food of our memory” realizing that African cuisine was quite absent.</p>



<p>“This is the most successful of all venues at the Expo. This is telling the truth to the Dubai population,” says Thiam, who cites his roasted beans pickle carrot salad as being one of the most popular dishes at the event.</p>



<p>Also on the table, modern African street food, and such varieties as oxtail fried rice, Afro dim sum, barbecue goat ribs, buttermilk fried chicken, rotisserie duck and devil quail.</p>



<p>Chef Sow, one of the female guest chefs at Alkebulan and also originally from Senegal and living in New York, had African sweets on the table: “We are mostly wanting to showcase and represent Africa with the desserts and flatbreads we do. People don’t generally think about Africa when they think desserts. We have a lot of amazing ingredients we are showcasing through the desserts we have at Shoebox.”</p>



<p>This is Sow’s first trip to Dubai, as a sous chef and the owner of Shoebox Bakery in New York, adds that the female chefs working with her are “beyond amazing”.</p>



<p>And what will now happen to the dining hall that took center stage at Expo 2020?</p>



<p>“This outlet will remain and the transition [of the expo site] from amusement park to a bustling residential retail business community will take form and we will come back after the summer,” promises Smalls.</p>


An outlet within Alkebulan selling African cuisine to the world; image by Renuka Methil

<strong>Chefs Speak: Africa On A Plate Meets The Melting Pot Of Dubai</strong>

<p><iframe loading="lazy" src="https://www.youtube.com/embed/BtGTiKL_VlA" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>The Treasury Bills Market has witnessed a quiet week despite the Bond and NTB Auctions this week. Traders at Access Bank say they expect the bearish sentiments to continue due to a low level of liquidity in the market. Adamma Mbachu, Team Lead, Currency Trading at Access Bank, joins CNBC Africa for more&#8230;.</p>


Access: Bearish sentiment to persist in T-bills

<p><iframe loading="lazy" src="https://www.youtube.com/embed/LHf1RnLa3sY" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Activities in the bond market were mixed this week as investors’ interest in long-tenured instruments was seen in the 225-billion-naira bond auction.  Chuka Nwachukwu, Head of Bonds Trading at UBA, joins CNBC Africa for more&#8230;.</p>


Bond market mixed

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<p>In this episode of Doing Business in Rwanda, we look at the recently launched Centre for Fourth Industrial Revolution in Rwanda as well as the country&#8217;s efforts to promote and leverage on this revolution&#8230;.</p>


Leveraging the Fourth Industrial Revolution in Rwanda

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<p>The NGX All Share Index increased to 13.6 per cent Year To Date as analysts link Investors&#8217; bullish sentiments to the release of first-quarter 2022 corporate earnings. Tijani Oladipupo, the Head of Norrenberger Advisory Partners, joins CNBC Africa for more&#8230;.</p>


Investors react as corporates release Q1 earnings

<p><iframe loading="lazy" src="https://www.youtube.com/embed/gPmIK7Z9JHM" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Activities at the fixed income market were quiet as investors set eyes on Wednesday Primary Market Auction where 121 billion will be maturing. Traders at GTBank say they expect bullish sentiments ahead of incoming liquidity in form of coupon and FAAC payments. Chioma Udu an FX Dealer at GTBank, joins CNBC Africa to discuss activities at the markets&#8230;.</p>


Yields flat ahead of Primary Market Auction

<p><iframe loading="lazy" src="https://www.youtube.com/embed/qRk_F5ce_yg" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Nigeria’s Debt Management Office has offered three new FGN bonds valued at 225 billion naira for subscription by auction. The auction which holds today will be in 3 batches of 75 billion naira. Damilare Ojo, Research Analyst at Meristem, joins CNBC Africa to discuss how the fixed Income market is reacting to this&#8230;.</p>


Nigeria auctions ₦225BN FGN bond

<p><iframe loading="lazy" src="https://www.youtube.com/embed/T7YAcCzHrC8" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Top Employers Institute recognises two of their 2022 Top Employer Top Achievers excellence in People Practices. Through the Top Employers Institute Certification Programme, participating companies can be validated, certified, and recognised as an employer of choice. Joining CNBC Africa&#8217;s Morwick Pietersen is William Dachs, CEO Gautrain Management Agency&#8230;.</p>


Top Employer EP5: William Dachs on what makes the Gautrain Management Agency a top employer

<p><iframe loading="lazy" src="https://www.youtube.com/embed/Iy1CCPVdaJA" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>With about 225 billion naira set to be offered by the Debt Management Office in Monday’s bond auction, can Nigeria’s fixed income market meet the government’s borrowing appetite this year? Taiwo Adams, the Head, Brokerage Services at Comercio Partners, joins CNBC Africa for more&#8230;.</p>


CNBC Africa

Rebuilding the tourism sector in Durban

Talking Books: Erik Kruger talks about his book DANGEROUS – Be the threat to your threats

Focus On rebuilding Durban’s tourism sector

T-Bills mixed on ₦50bn OMO Auction

Entrepreneurial Edge: In conversation with Ghana’s accidental entrepreneur, Isaac Kwaku Fokuo

UBA expects higher yields movement

Access Bank: T-Bills bearish sentiment to persist

How South Africa’s recent floods compel climate action

Chefs Speak: Africa On A Plate Meets The Melting Pot Of Dubai

Access: Bearish sentiment to persist in T-bills

Bond market mixed

Leveraging the Fourth Industrial Revolution in Rwanda

Investors react as corporates release Q1 earnings

Yields flat ahead of Primary Market Auction

Nigeria auctions ₦225BN FGN bond

Top Employer EP5: William Dachs on what makes the Gautrain Management Agency a top employer

Can Nigeria’s local markets meet government’s borrowing appetite?

News Tips

Advertise With Us

CNBC Africa

Rebuilding the tourism sector in Durban

Talking Books: Erik Kruger talks about his book DANGEROUS – Be the threat to your threats

Focus On rebuilding Durban’s tourism sector

T-Bills mixed on ₦50bn OMO Auction

Entrepreneurial Edge: In conversation with Ghana’s accidental entrepreneur, Isaac Kwaku Fokuo

UBA expects higher yields movement

Access Bank: T-Bills bearish sentiment to persist

How South Africa’s recent floods compel climate action￼

Chefs Speak: Africa On A Plate Meets The Melting Pot Of Dubai

Access: Bearish sentiment to persist in T-bills

Bond market mixed

Leveraging the Fourth Industrial Revolution in Rwanda

Investors react as corporates release Q1 earnings

Yields flat ahead of Primary Market Auction

Nigeria auctions ₦225BN FGN bond

Top Employer EP5: William Dachs on what makes the Gautrain Management Agency a top employer

Can Nigeria’s local markets meet government’s borrowing appetite?

News Tips

Advertise With Us

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How South Africa’s recent floods compel climate action