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<p>Last year the Prime Minister said that Technical and Vocational Education and Training (TVET) is one of the most powerful tools in fighting poverty and bridging the skills gap in Rwanda, The Gov&#8217;t has subsequently been putting a focus on TVET, with the goal of increasing the number of students in such schools from 31 to 60 per cent by 2024 – but with all schools closed and most industries directed to suspend operations for an initial period of two weeks, how will these plans get back on track after the COVID-19 crisis passes? Will new goals have to be set? Deputy Vice Chancellor from Rwanda Polytechnic, Rita Mutabazi joins CNBC Africa for more.</p>


How will Rwanda’s TVET aspirations bounce back from the COVID-19 crisis?

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<p>The future of work as we know it might never be the same as a result of the impact of COVID-19, but what exactly is instore for us? Iris Irumva, Managing Director of ITM Africa joins CNBC Africa for more.</p>


African SMEs bearing the brunt of COVID-19 pandemic


<p>NAIROBI (Reuters) &#8211; Kenya’s government plans to seek help from the International Monetary Fund, pay pending bills to suppliers and quickly process company tax refunds to support the economy in the face of the coronavirus crisis, officials said.</p>



<p>Patrick Njoroge, the central bank governor, told a news conference on Tuesday that the government is seeking emergency assistance from the IMF of up to $350 million. </p>



<p>“This is assistance that doesn’t have the conditionalities of programs &#8230; a lot of this could be directed towards budget support,” Njoroge said, adding that more support will be sought from the World Bank.  </p>



<p>Kenya has 16 confirmed cases of COVID-19, and the disease is hurting crucial tourism and farm exports. </p>



<p>The government expects revenue collection to be hit as both imports and domestic consumption slow, Finance Minister Ukur Yatani told Reuters late on Monday. </p>



<p>“We are looking at underperformances as a result of just COVID-19, of about 70 billion (shillings) &#8230; in terms of revenue for the remaining three months (of this financial year),” he said, adding that situation was evolving fast. </p>



<p>Yatani said the government would shift planned spending towards urgent development projects. </p>



<p>It plans to release 49 billion shillings ($460 million) to suppliers for the unpaid bills and expedite the payment of close to 10 billion shillings in value-added tax refunds to businesses in the next two to three months, he said. </p>



<p>The World Bank is making $60 million available to Kenya’s health sector to help it deal with the outbreak. </p>



<p>President Uhuru Kenyatta, who has been meeting business executives, said on Monday that fiscal stimulus measures would be will be announced later this week.  </p>



<p>Kenya’s central bank has already implemented stimulus measures, cutting interest rates by a heftier than expected 100 basis points on Monday and reducing the amount of cash that banks are required to hold as reserves. </p>



<p>It is also letting borrowers restructure loans if they enter into difficulties due to the outbreak. </p>



<p>Yatani said the government and firms were seeking new sources of raw materials imports to keep industries going during the crisis. </p>



<p>“We already have challenges with the inflow of (materials) inputs&#8230; inputs are either delayed or are not moving in as required,” he said. </p>



<p>($1 = 106.6000 Kenyan shillings) </p>



<p>(Additional reporting by Omar Mohammed; editing by John Stonestreet)</p>



<p>This article was first published on Reuters Africa <a href="https://af.reuters.com/article/investingNews/idAFKBN21B1A7-OZABS">https://af.reuters.com/article/investingNews/idAFKBN21B1A7-OZABS</a> and is republished with its permission.</p>


Kenya to seek IMF help, pay arrears, speed tax refunds over coronavirus, officials say

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<p>As of last weekend the Government of Rwanda deemed all bars closed, and all restaurants and cafe&#8217;s only open for take away services for an initial period of two weeks. That leaves the country that&#8217;s officially on lock down with no choice but to cook or order their food to go, and with local security forces peppering the streets ensuring that quarantine rules are followed, food delivery services are becoming more useful than ever. Insert Vuba Vuba, the delivery service that emerged when Jumia officially closed it&#8217;s Rwanda operations at the end of last year. Albert Munyabugingo, Founder of the service joins CNBC Africa to explain how the lock down has affected his business.</p>


This is how COVID-19 affecting local businesses in Rwanda

This is how COVID-19 is affecting local businesses in Rwanda

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<p>The United Nations Economic Commission for Africa predicts that coronavirus will cut 1.4 per cent off Africa’s $2.1 trillion GDP due to widespread disruption of business on the continent and across the world. According to estimates, countries on the continent have so far lost an estimated $29 billion to the coronavirus economic disruption, an amount equal to Uganda’s gross domestic product. Dr Mama Keita, Director of UN Economic Commission for Africa in Eastern Africa joins CNBC Africa for more.</p>


UNECA on COVID-19’s impact on African economies

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<p>In Burundi, the Minister in charge of Public Security suspended all flights in and out of the country to prevent the spread of the coronavirus. He further said borders into the country will remain open and citizens are advised not to travel to countries that already have COVID-19 cases. Analyst, Jean Claude Nkundwa joins CNBC Africa on the measures put forward by the country.</p>


Burundi suspends all flights to prevent spread of COVID-19


<p>Following the address made by South African President Cyril Ramaphosa regarding COVID-19 and its impact on the nation, employees and employers are being asked to “self-quarantine” and implement “social distancing”. </p>



<p>“The COVID-19 pandemic is a societal issue and not just an employer issue. We all share the responsibility and as such, one of the most responsible things employers can do is limit human interaction. Working remotely, especially from home, can be a difficult task for some in at first – especially if one is used to working within a structured office environment,” says ManpowerGroup South Africa’s managing director, Lyndy van den Barselaar. </p>



<p>ManpowerGroup South Africa offers some specific advice on how to make a success of working remotely:</p>



<p><strong>Create a Work Schedule</strong></p>



<ul class="wp-block-list"><li>Set a work schedule, create a routine and stick to it. “Yes, we are in a crisis and it’s totally natural to feel panicked and out-of-sorts over all that is going on. Nonetheless it’s key to stick to deliverables and goals,” says van den Barselaar.</li></ul>



<ul class="wp-block-list"><li>Take lunch and coffee breaks to recharge your batteries between tasks. “Sometimes, one can fall into the trap of feeling like you have to over deliver because you are not in the office. Remember to take short breaks in between tasks to avoid burnout and ensure you are able to function optimally,” adds van den Barselaar.</li></ul>



<ul class="wp-block-list"><li>Make use of the online tools available such as Microsoft Teams, Zoom and Skype to schedule video meetings.</li></ul>



<p><strong>Have a Set Office Space</strong></p>



<ul class="wp-block-list"><li>Designate a specific space in your home for your office. “It is important to make the distinction between your living and working space, in order to avoid the trap of an ‘always-on’ lifestyle. Keep your personal relaxing spaces, like your bedroom and living room, separate from your workspace,” says van den Barselaar.</li></ul>



<ul class="wp-block-list"><li>Choose a space where you will have minimal interruptions. Don’t underestimate the distractions from children, pets, TV and household chores.</li></ul>



<ul class="wp-block-list"><li>Store all work-related files, reference materials and supplies in that space. Better yet, go paperless, by scanning hard copies of documents using tools such as Dropbox, Evernote, Google Drive or Microsoft One Drive.</li></ul>



<p><strong>Get Organised</strong></p>



<ul class="wp-block-list"><li>Every Monday morning, create a list of all the activities you have to accomplish for the upcoming week.</li></ul>



<ul class="wp-block-list"><li>At the end of each workday, create a to-do list of all the tasks you have to complete the next day, starting with the most to the least important.</li></ul>



<ul class="wp-block-list"><li>Create a filing system to help you be your most productive self.</li></ul>



<ul class="wp-block-list"><li>Organise your office space in a manner that facilitates your best work.</li></ul>



<ul class="wp-block-list"><li>Have the items you use most frequently within reach.</li></ul>



<ul class="wp-block-list"><li>Schedule regular check-in meetings with your manager and team to ensure you are staying on top of your actions.</li></ul>



<p><strong>Have the Right Equipment</strong></p>



<ul class="wp-block-list"><li>Invest in equipment that will enable you to do your job effectively and efficiently. “If you have video meetings with your manager each week, for example, make sure that your computer has the right camera, speed and memory for this,” says van den Barselaar.</li></ul>



<ul class="wp-block-list"><li>Since you will be doing most of your work on the computer, and transferring work via the Internet, make sure that you have reliable Internet and a safe connection. “Make use of a VPN if possible, to ensure the safety of your documents and information,” van den Barselaar suggests.</li></ul>



<ul class="wp-block-list"><li>Have a reliable back-up system.  </li></ul>



<p><strong>Maintain a Healthy Lifestyle</strong></p>



<ul class="wp-block-list"><li>Even though you are encouraged not to attend the gym, take time to exercise regularly, be it at home or going for a walk outside. “This can seem like a task that is separate from your work life, but keeping yourself active and healthy can assist in managing stress and creating a positive work life balance,” says van den Barselaar</li></ul>



<ul class="wp-block-list"><li>Practice regular handwashing with soap and water and in the instance that you should need to leave your home, always have sanitiser within reach.</li></ul>



<ul class="wp-block-list"><li>Implement social distancing but nothing should stop you from arranging a video call with friends or family after work to keep the loneliness at bay. </li></ul>



<p>“We are entering uncharted territory, however being productive and delivering results should continue to be a priority,” concludes van den Barselaar.</p>


Op-Ed: Tips to Successfully Work from Home amid the COVID-19 pandemic

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<p>Over the weekend the world saw DJs and musicians serenading and playing music for people in their homes via social media and between the #TogetherAtHome initiative by WHO and Global Citizen to well-known American hip hop DJ, DNice hosting a seven hour set on his Instagram live to over 100,000 people worldwide including influential leaders and celebrities alike such as Jennifer Lopez, P. Diddy, the Obamas, Oprah Winfrey, Quincy Jones, and Facebook/Instagram owner himself, Mark Zuckerberg among others. This model that people are calling, &#8220;Club Quarantine&#8221; seems to be picking up. Managing Director of KGL FWD, Autumn Marie Faraj co-hosted a similar event herself called #RwandaLive, she joins CNBC Africa for more.</p>


The rise of the social media “Quarantine Party”

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<p>Tanzania confirmed that the number of positive COVID-19 cases in the country has risen from 6 to 12. The President assured the public that the Government is working hard to fight the spread of the virus, but what measures have been put in place? And how is the market reacting? Bankable Partner, Ivan Tarimo joins CNBC Africa for more.</p>


Tanzania reacts to COVID-19

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<p>Rwanda’s GDP increased by 9.4 per cent in 2019 to RWF9105 billion. The bulk of this came from the services sector which contributed 49 per cent. Jean Claude Mwizerwa, Director of Economic Statistics Department at the National Institute of Statistics of Rwanda (NISR) joins CNBC Africa for more.</p>


How services sector grew Rwanda’s GDP by 9.4% in 2019


<p>KINSHASA (Reuters) &#8211; Congo has imposed a two-day lockdown in one copper- and cobalt-producing province and shut down public markets in another after two people tested positive for the coronavirus on a flight to the capital of one of the provinces.</p>



<p>The governor of Haut-Katanga province, Jacques Kyabula, issued the lockdown order late on Sunday and said the boundaries of the southeastern province would also be closed. Ivanhoe, MMG Ltd and Chemaf are among the mining companies with concessions in Haut-Katanga.  </p>



<p>Ivanhoe and MMG did not immediately respond to requests for comment. Sandeep Mishra, a general manager at Chemaf, confirmed its mines were suspending operations for two days to ensure the safety of employees.  </p>



<p>The governor of neighbouring Lualaba province, home to mines owned by Glencore and China Molybdenum, ordered all public markets to close on Monday except those selling food and medicine.  </p>



<p>The order by Lualaba Governor Richard Muyej does not appear to apply to mining activities. A Glencore spokesman declined to comment. China Molybdenum did not immediately respond to a request for comment.  </p>



<p>Together, Haut-Katanga and Lualaba account for nearly all of Democratic Republic of Congo’s output of cobalt, a component in electric car batteries. Congo produces about 60% of the world’s cobalt.  </p>



<p>Indigo Ellis, Head of Africa Research at global risk consultancy Verisk Maplecroft, said she expected the lockdown to weigh heavily on copper output.  </p>



<p>“The greatest risk to copper output from DR Congo is the potential for smelter or logistics-related bottlenecks, preventing mines from shipping concentrates,” Ellis said.  </p>



<p>Authorities are now trying to locate passengers who were on the flight on Sunday from the national capital Kinshasa to Lubumbashi, the capital of Haut-Katanga, on which two passengers tested positive for the coronavirus.  </p>



<p>In a video posted on Twitter, Governor Kyabula asked them to stay at home and contact the medical services.  </p>



<p>Only the military, police, medical staff and authorised civil servants will be allowed to travel around the province, he said. Otherwise, transport from trucks to bicycles and barges has been halted. </p>



<p>“No activity will be tolerated in Haut-Katanga during this 48-hour period,” Kyabula said.         </p>



<p>The two cases from the flight took the number of confirmed coronavirus cases in Congo to 30, including two deaths. </p>



<p>About 1,400 cases of coronavirus have now been reported across Africa, according to the World Health Organization. </p>



<p>There are concerns that the continent will not be able to handle a surge in cases without the depth of medical facilities available in more developed economies. </p>



<p>(Additional reporting by Helen Reid; additional reporting and writing by Aaron Ross; Editing by Mark Heinrich and Timothy Heritage)</p>



<p>This article was first published on Reuters Africa <a href="https://af.reuters.com/article/topNews/idAFKBN21A2FO-OZATP">https://af.reuters.com/article/topNews/idAFKBN21A2FO-OZATP</a> and is republished with its permission.</p>


Congo imposes 48-hour lockdown on mining province over coronavirus


<p>WASHINGTON (Reuters) &#8211; The World Bank’s executive board is expected to consider later this week the first fast-track funds to help Afghanistan and Ethiopia respond to the coronavirus pandemic, the Bank’s president said on Sunday.</p>



<p>In a blog posted on LinkedIn on Sunday, David Malpass said funding for the projects could come out of a $14 billion Fast Track Facility (FTF) approved last week to help countries deal with the health and economic impact of the coronavirus. </p>



<p>The respiratory disease has infected more than 305,000 people around the world, and killed more than 13,000, according to the latest Reuters tally. </p>



<p>In the blog, Malpass said World Bank teams were preparing projects in 40 countries for up to $1.7 billion under the FTF.  </p>



<p>Projects in Afghanistan and Ethiopia were the most advanced and would be presented to the board this week, he said, teeing them up for formal approval. Work was also advancing on projects in 14 other countries, he said, without naming them. </p>



<p>These projects could then be quickly replicated in other parts of the same country, through funding from other multilateral development banks, or in other countries. </p>



<p>In addition, the Bank and the International Finance Corporation, the private sector arm of the Bank, were working to free up $1.5 billion in COVID-19 funding in 24 countries by restructuring existing projects, he said, without naming them. </p>



<p>The IFC was also working to start extending trade finance and working capital lines to clients, with regular board action expected on those efforts in the next two to four weeks.</p>



<p>Malpass said Bank officials were in close touch with finance ministers and central bankers from around the world to discuss their needs and responses to the crisis.  </p>



<p>Bank officials had also identified ways to support countries as they race to procure much-needed medical equipment and upgrade medical facilities. </p>



<p>(Reporting by Andrea Shalal; Editing by Peter Cooney)</p>



<p>This article was first published on Reuters Africa <a href="https://af.reuters.com/article/investingNews/idAFKBN21A0O6-OZABS">https://af.reuters.com/article/investingNews/idAFKBN21A0O6-OZABS</a> and is republished with its permission.</p>


World Bank moving forward on first $1.7 bln in pandemic aid projects


<p><a href="https://www.cnbc.com/elliot-smith/">By: Elliot Smith</a><br></p>



<p style="color:#0071a1" class="has-text-color"><strong> KEY POINTS</strong></p>



<ul class="wp-block-list"><li>Last week the UN Food and Agriculture Organization (FAO) warned that the “unprecedented” desert locust outbreak remains “extremely alarming,” especially in Kenya, Ethiopia and Somalia.</li><li>Kenya, Ethiopia, Somalia, Djibouti and Sudan have all reported cases of the virus and governments have begun to implement stringent restrictions on travel and social gatherings.</li><li>The systemic importance of China to the region’s bilateral trade, and a slump in Chinese demand introducing a terms-of-trade hit to African exporters, means further economic difficulties lie ahead.</li></ul>



<p>Already being ravaged by the&nbsp;<a href="https://www.cnbc.com/2020/02/28/east-africa-races-against-time-to-contain-locusts-as-un-pleads-for-funding.html">worst infestation of desert locusts in 70 years</a>, East African economies are now staring down the barrel of the coronavirus pandemic.</p>



<p>The region was the standout performer for economic growth in the subcontinent prior to the locust outbreak, which threatens the food security and livelihoods of 25 million people and has required emergency funding of its own from the UN and international governments.</p>



<p>Last week the UN Food and Agriculture Organization (FAO) warned that the “unprecedented” situation remains “extremely alarming,” especially in Kenya, Ethiopia and Somalia where widespread breeding is in progress and new swarms are starting to form.</p>



<p>The UN estimates that conducive breeding conditions could see the locusts multiply by 400 times this year, decimating crops in a region which relies on agriculture for roughly one-third of its gross domestic product (GDP) and more than 65% of its employment.</p>



<p>Now, a combination of trade and production shocks resulting from the coronavirus outbreak, as well as the economic and medical challenges of trying to combat the pandemic itself, will likely compound these problems.</p>



<p>“Already facing a shock to the terms of trade due to a devastating locust infestation — which requires emergency funding on its own — the blow to the regional economy dealt by the agricultural sector and food security will be worsened by short-term disruptions within the manufacturing, tourism, and construction sectors,” NKC African Economics’ Senior Financial Economist Irmgard Erasmus said in a report last week.</p>



<p>“While the negative labor effects in the construction sector are at this stage likely to be limited, a lack of materials may stall robust growth in the construction sector — a dominant driver of growth over the past five years.”</p>



<h2 class="wp-block-heading">Chinese trade exposure</h2>



<p>Kenya, Ethiopia, Somalia, Djibouti and Sudan have all reported cases of the virus and governments have begun to implement stringent restrictions on travel and social gatherings, hoping to nip the virus in the bud before it can overwhelm their fragile healthcare systems.</p>



<p>But, even if East African nations are successful in curtailing the spread of the virus, which has increased at an exponential rate in Europe and the U.S., the systemic importance of China to the region’s bilateral trade, and a slump in Chinese demand introducing a terms-of-trade hit to African exporters means further economic difficulties lie ahead.</p>



<p>NKC assessed vulnerability to a Chinese demand shock by considering direct bilateral trade flow, China FDI (foreign direct investment) stock and Chinese contribution to domestic tourism. Both Ethiopia and Kenya were identified as potentially suffering large trade shocks due to falling Chinese demand.</p>



<p>“Trade diversion effects in industries most vulnerable to Chinese imports will be limited due to a lack of regional substitutes, weak domestic production capacity, and limited options for redirected trade flows as more countries announce stringent lock-down measures,” NKC’s Erasmus explained.</p>



<p>Both of these countries, along with Uganda and Tanzania, were also deemed asymmetrically vulnerable to a slump in tourism and the ramping up of flight restrictions worldwide.</p>



<p>The role of Addis Ababa and Nairobi as regional travel hubs exerts further downward pressure on the respective capacities of Ethiopia and Kenya to weather the concurrent storms.</p>


A local resident tries to swot away a swarm of desert locusts in Mathiakani, Kitui County, Kenya, on Saturday, Jan. 25, 2020. The number of locusts in East Africa could expand 500 times by June, the UN’s Food & Agriculture Organization said last month.

106400431-1582206401665gettyimages-1201617017

East Africa faces dual shock from coronavirus and locust swarms

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<p>As the world grapples with the outbreak of coronavirus (COVID-19) in our increasingly interconnected world, what happens in China’s economy impacts the world at large and Africa in particular. But what does this mean for the future of the Africa-China relationship? CNBC Africa&#8217;s Arnold Kwizera spoke to Co-Founder of the China Africa Project, Eric Olander for more.</p>


The socio-economic impact of COVID-19 globally

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<p>Uganda’s Central Bank said it would provide liquidity to commercial banks among other actions it was taking to cushion them from the negative effects.</p>


COVID19: Uganda to seek loan from World Bank

COVID19: Uganda to seek loan from World Bank, Central Bank to provide liquidity

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<p>Rwanda&#8217;s Prime Minister, Edouard Ngirente declared a countrywide lockdown and only essential services will be allowed to remain in operation. Moreover, Trade and Industry ministry has moved to regulate prices of foods items, sanitation and pharmaceutical commodities after the coronavirus outbreak sent their costs soaring. Economic Analyst, Ted Kaberuka joins CNBC Africa for more.</p>


COVID-19: Rwanda issues warning over price hikes

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<p>Pan-African e-commerce platform, Jumia has announced a number of measures to support different African governments in the fight against the coronavirus outbreak. Juliet Anammah, Chairwoman of Jumia Nigeria and Head Institutional Affairs at Jumia Group joins CNBC Africa for more.</p>


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East Africa

How will Rwanda’s TVET aspirations bounce back from the COVID-19 crisis?

African SMEs bearing the brunt of COVID-19 pandemic

Kenya to seek IMF help, pay arrears, speed tax refunds over coronavirus, officials say

This is how COVID-19 is affecting local businesses in Rwanda

UNECA on COVID-19’s impact on African economies

Burundi suspends all flights to prevent spread of COVID-19

Op-Ed: Tips to Successfully Work from Home amid the COVID-19 pandemic

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