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<p>Reports from Kenya suggest the country has quarantined a student who arrived from China yesterday after exhibiting coronavirus-like symptoms. How prepared is the country to deal with the deadly disease that has claimed over a hundred lives in China? Dr. Abdhalah Ziraba, Research Scientist and a leading Epidemiologist at the African Population and Health Research Center (APHRC) joins CNBC Africa for more.</p>


How prepared is Kenya to deal with the coronavirus outbreak?

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<p>Countries in the East African region including Kenya are being ravaged by the biggest locust invasion in decades, posing a major threat to food security. CNBC Africa spoke to Founder of KwolCo, Nick Kwolek to learn more about this disaster.</p>


Locust swarms threaten food security in East Africa

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<p>Over the weekend, Uganda&#8217;s President Yoweri Museveni opposed plans by some of his cabinet ministers of Uganda relating to Kenya&#8217;s banning of some Ugandan goods for allegedly being substandard, in the same week a new telecommunications company has entered the Ugandan market. Analyst, Charles Bwogi joins CNBC Africa for more.</p>


This new telecoms company is disrupting the market in Uganda

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<p>The cost of logistics in the region is one of the highest in the world due to infrastructure shortage among other factors. Lori Systems is an e-logistics marketplace for trucking that’s using technology to help address that. Jean-Claude Homawoo, Co-founder and Chief Product Officer at Lori Systems Kenya joins CNBC Africa for more.</p>


How Kenya plans to use tech platform to curb cost of logistics

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<p>In a recent report the International Monetary Fund (IMF) warned Kenya of a potential implosion in the country&#8217;s pension sector as the gap between retirement dues and savings widens. In 2009 the country rose the retirement age for civil servants from 55 to 60, temporarily staving off the fall out but now with tax collection at 15.6 of Gross Domestic Product (GDP) and pension obligations at 30 per cent, action may have to be taken. Journalist, Joseph Bonyo joins CNBC Africa for more.</p>


How Kenya plans to reform unsustainable pension schemes

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<p>According to Rwanda’s Ministry of Youth, the unemployment rate in the country has dropped from 21 per cent three years ago to stand at 16 per cent currently on the back of different initiatives and programmes put in place by the government to empower and create jobs for young people&#8230;.</p>


Tackling youth unemployment in Rwanda

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<p>The 4th Sheikh Tamim Bin Hamad Al Thani Anti-corruption Award was held in Kigali. It saw seven recipients of this distinguished prize. CNBC Africa&#8217;s Arnold Kwizera sat down with Rwanda&#8217;s Minister of Justice and Attorney General, Johnston Busingye to delve into Rwanda’s fight against corruption&#8230;.</p>


In conversation with Attorney General Johnston Busingye on Rwanda’s anti-corruption fight

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<p>By the end of 2019, Rwanda Stock Exchange (RSE) had surpassed $1 billion in trading marking a major milestone in its eight-year history. According to RSE, some $761 million have been raised in the primary market while $306 million has been traded on the secondary market. Also, the Rwandan government and the World Bank announced during the summit that they will be launching a 3-year, fixed-rate, RWF-denominated bond worth $40 million at the London Stock Exchange. Celestin Rwabukumba, CEO of Rwanda Stock Exchange joins CNBC Africa for more.</p>


RSE hits $1bn mark – Here’s how it plans to increase domestic growth by 20%

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<p>Just over 2 years ago, when Kenyan President Uhuru Kenyatta began his second term in office, he released his development blueprint for Kenya, known as the Big 4 Agenda. The plan outlines 4 pillars of development: Food security, affordable housing, universal health care and manufacturing – but now with only about two and half more years to go, how much of the blueprint has the Government achieved and what comes next? Journalist, Joseph Bonyo joins CNBC Africa for more.</p>


How much traction has Big 4 Agenda gained in developing Kenya four years on?

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<p>Recent times have seen not only shareholders concerned with a company&#8217;s mission and ethical practices, the age of social media has held a lot more corporations accountable for upholding certain values and now, more and more, the eyes of investors and the public alike are on corporate governance. Cloudhop, a cloud computing firm based in East Africa believes that tech is the best way to implement strong governance structures. CEO of Cloudhop, Keval Shah joins CNBC Africa for more.</p>


How ready is Africa to fully embracing cloud-computing?

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<p>Major international airports in the region are either going through an uplift, have recently been refurbished or in some countries are being scrapped for new ones, a move experts think is a race for the title of regional hub. CNBC Africa&#8217;s Arnold Kwizera spoke to Bwambale Daniel, an Aviation Expert for more.</p>


Is East Africa winning the race to scale their airports to international standard?

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<p>Kenya has secured $1.7 billion from the UK in investments deals during the UK-Africa Investment Summit. Furthermore, UK signed a new Memorandum of Understanding (MoU) to collaborate on mobilizing private finance into Kenyan projects. Also, the Rwandan government and the World Bank announced during the summit that they will be launching a 3-year, fixed-rate, RWF-denominated bond worth $40 million at the London Stock Exchange. Analyst Ted Kaberuka, joins CNBC Africa to make light of the deals and look into the UK-Africa relations.</p>


Kenya secures $1.7bn investment deals at UK-Africa Investment Summit

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<p>New findings indicate that occupancy rate in Kigali city’s commercial buildings stands at 85 per cent. However, there are still bottlenecks without which commercial real estate would be more viable. Dickson Malunda, Senior Research Fellow at the Institute of Policy Analysis and Research (IPAR) joins CNBC Africa for more.</p>


IPAR: Here’s how Kigali can improve its commercial real estate sector performance

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<p>On the side-lines of the UK-Morocco Business Dialogue in London, International Trade Minister, Conor Burns spoke to CNBC Africa’s Chris Bishop about what Brexit means for trade with Africa and why Morocco is pivotal to the United Kingdom when looking to enter the African marketplace.</p>


UK-Morocco Business Dialogue: Conor Burns on where the UK sees business opportunities in Morocco

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<p>Sudan has begun allowing private traders to export gold, a move expected to crack down on smuggling and attract foreign currency into the country’s cash-strapped treasury. Until January 1st 2020, when the decision was made, Sudan’s Central Bank had been the sole body legally allowed to buy and export gold and set up centers to buy the metal from small-scale miners. Hajooj Kuka, Analyst and Activist joins CNBC Africa for more on what the country is doing to revive the economy.</p>


Sudan allows private traders to export gold in bid to boost revenues

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<p>In the following conversation, CNBC Africa’s Steven Muvunyi spoke to Frank Murangwa, Director of Destination Marketing at the Rwanda Convention on what the country expects to achieve in the Meetings, incentives, conferencing, exhibitions (MICE) sector this year and how the $88 million target in revenues will be met.</p>


Rwanda’s MICE sector set to fetch $88mn this year: Here’s how


<p>NAIROBI (Reuters) &#8211; Kenya is in advanced talks with the World Bank for “a fairly priced” loan of up to 100 billion shillings ($991.57 million), nearly half of its required external funding this fiscal year, a senior Treasury official said on Friday.</p>



<p>The East African nation wants to cut debt from overseas capital markets, after a borrowing binge in recent years, including Eurobond offerings, a package of Chinese loans and syndicated commercial loans.</p>



<p>The World Bank, which has multiple development funding programs with Kenya worth billions of dollars, is seen as one of the viable alternatives to commercial debt.</p>



<p>The Washington D.C.-based financier lent money straight to the Kenyan ministry of finance for the first time last year, changing past practice where it channelled cash straight to the projects, bypassing the Treasury.</p>



<p>The size of the loan from the World Bank will be determined by how much its own funders can put together, said Julius Muia, the principal secretary in the ministry of finance.</p>



<p>“We are thinking something between 50-100 billion (shillings) depending on what kind of interest there will be,” he told Reuters.</p>



<p>The loan will be cheaper than commercial debt, the official said, in line with the government’s policy of cutting its funding costs.</p>



<p>“It is very competitive, it is fairly priced,” Muia said, adding it was likely to be just above the bank’s concessional rate of 200 basis points in interest.</p>



<p>Kenya became a middle-income country in 2014 after it rebased the economy, meaning it cannot secure funds from the World Bank at the concessional rates offered to low-income states.</p>



<p>The finance ministry has set a budget deficit of 6.3% of GDP for this financial year to the end of June and Muia said about 213 billion shillings is expected from external sources.</p>



<p>The balance of the funds will be raised through Kenya’s first sovereign green bond, he said, with the country taking advantage of next week’s UK-Africa investment summit in London to gauge investor demand for the potential issue.</p>



<p>“It is taking shape as we go,” Muia said.</p>



<p>The Treasury projects that the budget deficit will shrink to 5.7% of GDP in 2020/21. The gap, which peaked at 9.1% of GDP in 2016/17 financial year, is expected to narrow further to the desired level of 3.3% in 2023/24.</p>



<p>Muia said he was confident that this year’s deficit will be fully covered through affordable loans.</p>



<p>“We are very clear in our minds that we want to keep the cost of debt down.”</p>



<p>($1 = 100.8500 Kenyan shillings)</p>



<p>Editing by Muralikumar Anantharaman &amp; Shri Navaratnam<br></p>


East Africa

How prepared is Kenya to deal with the coronavirus outbreak?

Locust swarms threaten food security in East Africa

This new telecoms company is disrupting the market in Uganda

How Kenya plans to use tech platform to curb cost of logistics

How Kenya plans to reform unsustainable pension schemes

Tackling youth unemployment in Rwanda

In conversation with Attorney General Johnston Busingye on Rwanda’s anti-corruption fight

RSE hits $1bn mark – Here’s how it plans to increase domestic growth by 20%

How much traction has Big 4 Agenda gained in developing Kenya four years on?

How ready is Africa to fully embracing cloud-computing?

Is East Africa winning the race to scale their airports to international standard?

Kenya secures $1.7bn investment deals at UK-Africa Investment Summit

IPAR: Here’s how Kigali can improve its commercial real estate sector performance

UK-Morocco Business Dialogue: Conor Burns on where the UK sees business opportunities in Morocco

Sudan allows private traders to export gold in bid to boost revenues

Rwanda’s MICE sector set to fetch $88mn this year: Here’s how

Kenya is in talks with World Bank for $1 billion loan

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East Africa

How prepared is Kenya to deal with the coronavirus outbreak?

Locust swarms threaten food security in East Africa

This new telecoms company is disrupting the market in Uganda

How Kenya plans to use tech platform to curb cost of logistics

How Kenya plans to reform unsustainable pension schemes

Tackling youth unemployment in Rwanda

In conversation with Attorney General Johnston Busingye on Rwanda’s anti-corruption fight

RSE hits $1bn mark – Here’s how it plans to increase domestic growth by 20%

How much traction has Big 4 Agenda gained in developing Kenya four years on?

How ready is Africa to fully embracing cloud-computing?

Is East Africa winning the race to scale their airports to international standard?

Kenya secures $1.7bn investment deals at UK-Africa Investment Summit

IPAR: Here’s how Kigali can improve its commercial real estate sector performance

UK-Morocco Business Dialogue: Conor Burns on where the UK sees business opportunities in Morocco

Sudan allows private traders to export gold in bid to boost revenues

Rwanda’s MICE sector set to fetch $88mn this year: Here’s how

Kenya is in talks with World Bank for $1 billion loan

News Tips

Advertise With Us

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