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<p>Almost 90 per cent of African small businesses fear they may not survive the COVID-19 crisis, and need access to practical tools and support to prevent financial loss, according to a recent survey of entrepreneurs by the African Management Institute but could there be a silver lining for the survival of small businesses. CNBC Africa spoke to serial entrepreneur, Henri Nyakarundi for more.</p>


How small businesses can bounce back from the COVID-19 crisis

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<p>With many African countries reaching out to international bodies for some form of financial assistance as a result of the COVID-19 pandemic, does this pose a higher risk for some economies more than others? Case in point, Kenya which in the recent past has flirted with mounting debt from the likes of China and other trading partners, so is the country on the verge of falling into a debt trap? George Bodo, Director, Callstreet Research joins CNBC Africa for more.</p>


COVID-19: Is Kenya plunging further into a debt trap?

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<p>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.</p>


How Rwanda is finding home grown solutions to the COVID-19 crisis

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<p>Fitch Ratings has for the first time rated Development Bank of Rwanda at B+, reflecting the bank’s stable outlook. The rating also demonstrates BRD’s ability to raise external financing in case of need. Vincent Ngirikiringo, the bank&#8217;s Chief Finance Officer joined CNBC Africa and shared an update on the 3 year $24.42 million recapitalisation plan by the government.</p>


Development bank of Rwanda earns B+ Fitch Ratings

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<p>Every year the estimated 220,000 young people who enter the labour market in Rwanda aspiring to decent work are held back by the slow growth of employment in the formal sector. To better equip them best with the evolving job market, Rwanda&#8217;s Ministry of Education launched the Tech Enabled Stem Teaching pilot Programme in 50 secondary schools meant to achieve an education system that embraces 21st century skills&#8230;.</p>


How Rwanda is preparing its students for the jobs of tomorrow

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<p>In Kenya, the treasury had granted millers permission to import maize at a lower tariff but declined to extend the duration as requested by millers on fears the imports would coincide with the harvesting of short-rain crop from south rift, impacting negatively on local prices. However, millers say they will not be importing maize and warn Kenyans should brace for higher prices of flour in the coming days on the account of expensive raw material. Nick Kwolek, Founder of KwolCo joins CNBC Africa more.</p>


KwolCo’s outlook for East Africa’s commodity markets

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<p>South Sudan’s central bank has slashed its benchmark interest rate by 200 basis points to 13 per cent to help the economy cope with the effects of COVID-19. According to governor, the flow of credit to the private sector had started to decline during the outbreak and the policy easing was aimed at accelerating lending. Parek Maduot, Director of Economic Development &#038; Regional Integration, at the International Conference on the Great Lakes Region joined CNBC Africa more.</p>


South Sudan’s Central Bank slashes benchmark rate to 13% in response to COVID-19

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<p>Kenya’s Finance Bill 2020 proposes to introduce a 1.5 per cent tax on the gross transaction value of digital Services as well as levy VAT at 14 per cent on a number of goods that are currently exempt. This is in efforts to boost tax revenue in the country. Edna Gitachu, Tax Policy Lead at PwC Kenya joins CNBC Africa for more.</p>


Here’s what you need to know about Kenya’s proposed digital tax

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<p>There have been arguments for a postponement of the July Start of Trade under the African Continental Free Trade Area (AfCFTA) due to the Covid-19 pandemic. However, trade experts on the continent say that the AfCFTA will help African economies recover from the impact of the pandemic and should stay on track. CNBC Africa spoke to Edem Adzogenu, Co-Chair of the Afro-Champions Initiative Executive Committee for more.</p>


COVID-19: How the pandemic is affecting Africa’s free trade plans

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<p>The International Monitory Fund executive board approved US$491.5 million under the Rapid Credit Facility, to help Uganda address the economic impact of the COVID-19 pandemic. Moreover, According to Uganda Electricity Transmission Company Limited there has been a marginal drop of in demand for electricity by 10 per cent since the country went into lock-down in March. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for more.</p>


Uganda secures $491.5mn loan from IMF to address economic impact of COVID-19

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<p>At a time when people are restricted to move as a measure to curb the spread of COVID-19, finding consumers has never been harder for vendors. To help tackle this, the United Nations Development Programme partnered with Jumia Uganda to launch an online platform that will enable small and medium enterprises to connect with consumers. Elsie Attafuah, UNDP Resident Representative in Uganda joins CNBC Africa for more.</p>


This new digital platform seeks to link vendors with consumers in Uganda

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<p>With the change in the school systems in Rwanda due to measures to contain spread of COVID-19, parents have a responsibility to keep their children learning. Currently, Rwanda has more than 2.5 million pupils out of school. CNBC Africa joins Amos Furaha, Director of Global User Engagement at NABU on digital channels that can help parents keep track of their child&#8217;s reading.</p>


Here’s how e-learning developers are keeping children focused during COVID-19 lock-down

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<p>Last night during a televised interview, Ugandan President Yoweri Museveni addressed concerns around Covid-19, touching on topics such as the upcoming elections and the country&#8217;s economic performance amid the virus. CNBC Africa spoke to Analyst and Chief Strategist at Impact Communication Strategies, Kenneth Agutamba for more.</p>


Uganda considers postponing presidential elections due to Covid-19

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<p>It’s been announced here in Rwanda that due to the on-going global pandemic, schools will remain closed until the beginning of the next school year in September. So where does that leave vulnerable students who have already been studying from home for some time? How will this impact their scholastic development? CNBC Africa spoke to the Country Manager of Educate!, Donnalee Donaldson for more.</p>


COVID-19: Inside Rwanda’s plan to reopen schools in September

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<p>In Kenya, there’s a plan to postpone interest payments on bonds held by insurance firms in the form of pension funds in a proposal that insurers have criticized. Tom Gichuhi, Executive Director, Association of Kenya Insurers joins CNBC Africa for more.</p>


Kenyan insurers react to proposed postponement of interest payment on government papers

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<p>High end luxury tourism players have not been spared the effects of COVID-19 either with many still unsure what next, CNBC Africa spoke to Bonita Mutoni, Sales and Marketing Manager, One And Only Nyungwe on how best players like them are handling the fallout from the crisis.</p>


The cost of COVID-19 on high end tourism

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<p>The Democratic Republic of Congo Mining Week was slated to be held in June; now because of the global pandemic, the date has been postponed to a hopeful October 7th, 2020.</p>


East Africa

How small businesses can bounce back from the COVID-19 crisis

COVID-19: Is Kenya plunging further into a debt trap?

How Rwanda is finding home grown solutions to the COVID-19 crisis

Development bank of Rwanda earns B+ Fitch Ratings

How Rwanda is preparing its students for the jobs of tomorrow

KwolCo’s outlook for East Africa’s commodity markets

South Sudan’s Central Bank slashes benchmark rate to 13% in response to COVID-19

Here’s what you need to know about Kenya’s proposed digital tax

COVID-19: How the pandemic is affecting Africa’s free trade plans

Uganda secures $491.5mn loan from IMF to address economic impact of COVID-19

This new digital platform seeks to link vendors with consumers in Uganda

Here’s how e-learning developers are keeping children focused during COVID-19 lock-down

Uganda considers postponing presidential elections due to Covid-19

COVID-19: Inside Rwanda’s plan to reopen schools in September

Kenyan insurers react to proposed postponement of interest payment on government papers

The cost of COVID-19 on high end tourism

Covid-19 takes a dig at DRC mining plans

News Tips

Advertise With Us

East Africa

How small businesses can bounce back from the COVID-19 crisis

COVID-19: Is Kenya plunging further into a debt trap?

How Rwanda is finding home grown solutions to the COVID-19 crisis

Development bank of Rwanda earns B+ Fitch Ratings

How Rwanda is preparing its students for the jobs of tomorrow

KwolCo’s outlook for East Africa’s commodity markets

South Sudan’s Central Bank slashes benchmark rate to 13% in response to COVID-19

Here’s what you need to know about Kenya’s proposed digital tax

COVID-19: How the pandemic is affecting Africa’s free trade plans

Uganda secures $491.5mn loan from IMF to address economic impact of COVID-19

This new digital platform seeks to link vendors with consumers in Uganda

Here’s how e-learning developers are keeping children focused during COVID-19 lock-down

Uganda considers postponing presidential elections due to Covid-19

COVID-19: Inside Rwanda’s plan to reopen schools in September

Kenyan insurers react to proposed postponement of interest payment on government papers

The cost of COVID-19 on high end tourism

Covid-19 takes a dig at DRC mining plans

News Tips

Advertise With Us

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