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<p>South Africa’s Tourism Business Council wants international inbound tourism to the country to be opened up faster. This follows the reopening of business travel this month under level 3 of the Covid-19 lockdowns. Tshifhiwa Tshivhengwa, CEO, Tourism Business Council of South Africa.</p>


COVID-19 lock-down: SA tourism calls for faster reopening

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<p>Since March, there has been a decline in trade at East Africa’s biggest bourse but could this be a sign for deeper financial troubles for the region’s biggest economy? Nairobi Securities Exchange, CEO Geoffrey Odundo joins CNBC Africa for more on this.</p>


NSE’s Geoffrey Odundo on the economic impact of COVID-19

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<p>With many countries starting to open up after a month of lock-downs and partial lock-downs, some companies have resorted to employees working from home but with this new skills are needed. Talent Match CEO, Allen Kendunga joins CNBC Africa for more.</p>


COVID-19: Do employees need reskilling for the new workplace?

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<p>The aviation industry has been one of the most affected sectors by the COVID-19 pandemic but how soon should we expect it to bounce back? Derek Nseko, Managing Director at iFly Aviation joins CNBC Africa for more.</p>


COVID-19: When should we expect aviation to bounce back?


<p>ABIDJAN (Reuters) &#8211; The <a href="https://www.cnbcafrica.com/west-africa/2020/06/03/nigerias-president-backs-embattled-african-development-bank-chief/">African Development Bank’s (AfDB)</a> 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.</p>



<p>AfDB President Akinwumi Adesina has been accused of abuse of office by a whistleblower at the bank, including favouritism in hiring. He has denied the allegations and a report by the bank’s ethics board cleared him of wrongdoing.</p>



<p>The United States, AfDB’s second-largest shareholder, has demanded a new independent probe into the allegations, rejecting the bank’s investigation over reservations about the integrity of the bank’s process. Meanwhile, top shareholder <a href="https://www.cnbcafrica.com/videos/2020/06/04/understanding-nigerias-debt-strategy-4/">Nigeria</a> has voiced its support for Adesina.</p>



<p>In a statement, AfDB’s board of governors said it believed the bank’s ethics committee, which produced the report, had carried out its role correctly. But the board has nevertheless agreed to authorise a review.</p>



<p>“The independent review shall be conducted by a neutral high caliber individual with unquestionable experience, high international reputation and integrity,” it said.</p>



<p>On Tuesday, Nigerian President Muhammadu Buhari gave his backing to Adesina in his bid for a second term as AfDB president despite the allegations.</p>



<p>Adesina later this year plans to pursue a second term as the head of the multilateral lender, which is headquartered in Ivory Coast’s commercial capital Abidjan.</p>



<p>The board said the review of the investigation would take no more than four weeks and not interfere with the bank’s electoral calendar.</p>



<p>The bank’s whistle-blowing and complaints handling policy will also be reviewed at a later date to ensure it is being properly implemented, it said.</p>



<p>(Reporting by Bate Felix; Additional reporting by Ange Aboa; Writing by Alessandra Prentice; Editing by Sam Holmes)</p>



<p>This article was first published on Reuters <a href="https://www.reuters.com/article/us-africa-bank-idUSKBN23B3HG">https://www.reuters.com/article/us-africa-bank-idUSKBN23B3HG</a> and is republished with its permission.</p>



<p>For more coverage on COVID-19 visit: <a href="https://www.cnbcafrica.com/covid-19/">https://www.cnbcafrica.com/covid-19/</a></p>


AfDB board stands by embattled President Adesina

African Development Bank board stands by embattled President Adesina

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<p>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&#8217;s the direction to take? CNBC Africa spoke to Rahab Kariuki, Director at Busara Center for Economics for more.</p>


COVID-19: Could businesses leverage behavioural economics to bounce back?

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<p>In the second episode of Building Africa&#8217;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 &#8211; 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?&#8230;</p>


Building Africa’s Prosperity EP1: How can the continent fill the infrastructure gap?

Building Africa’s Prosperity EP2: How can the continent fill the infrastructure gap?

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<p>Covid-19 has caused havoc across the continent, the question is how much of it and what are African nations doing about it. We have a man who works with 33 countries in Africa and he can tell us just that, Junior Ngulube, Vice Chairman of Sanlam Pan Africa joins CNBC Africa for more&#8230;.</p>


How Pan African countries are responding to COVID-19


<p>By Nic Wolpe</p>



<p>The pandemic has thrown the spotlight on the gross inequalities that plague our world; the bitter harvest of unfettered capitalism and consumption. COVID-19 has thrown millions of people out of work and onto the lines at soup kitchens and food banks to exist on the slender generosity of others. Amidst this we read how the wealth of the wealthiest of society continues to grow exponentially.</p>



<p>In the United States, in the thick of it all, came the sickening death at the hands of police of an innocent African American. It sparked outrage on the streets around the world and brought into stark focus our world of racial inequality and prejudice. A staggering reality for the land that gave us the sweet words of independence: “We hold these truths to be self-evident, that all men are created equal that they are endowed by their Creator with certain unalienable rights, &nbsp;that among these are life liberty and the pursuit of happiness.&#8221;</p>



<p>The brutal and senseless murder of George Floydripped down those lofty ideals and cast them into the gutter.</p>



<p>Aside from this, as the world struggles to contain COVID-19, concern is growing that governments, under the guise of addressing the pandemic, are slowly whittling away at hard won freedoms. It is unfortunate and sad that South Africa is not above these accusations. There has been a rising tide of voices expressing concern that the freedoms and civils rights secured by our struggle against apartheid are being undermined; that the declaration of a “National State of Disaster” is being used to emasculate our Freedom Charter, Bill of Rights and Constitution,&nbsp; on the way to a draconian state. The fear is there are elements within Government who are abusing the powers given to them through the declaration of the “National State of Disaster”, to strengthen not only their political positions but to circumnavigate the democratic laws of the land, in search of greater power and control.</p>



<p>It is interesting to note that President Lincoln, following his decision shortly after the start of the Civil War, to suspend the writ of Habeas Corpus, came in for similar criticism. There are indeed similar parallels in the justification to rein in democratic principles for the sake and wellbeing of the country and its people. However, can the argument used by President Lincoln that his actions were dictated by serving the national interest be used now to propagate and justify certain measures being implemented under the “ National State of Disaster” as being in the National Interest and wellbeing of our people. Therefore, the fundamental question is can one draw a justifiable comparison between war and the battle against a virus, to justify some of the draconian measures being imposed in the name of national Interest, which has curtailed and put restrictions on our freedoms and civil liberties. Venturing down this path has potential dangers and opens a Pandora’s Box for abuse, particular if our political leaders are susceptible to the concentration and accumulation of unfettered political power, particularly when they begin to use such power to undermine and discredit the necessary checks, balances and overseeing mechanisms, to not only hold our political leaders to account and the potential possibility of political misuse and abuse of such power. As Plato remarked “the measure of a man is what he does with power” and as President Lincoln stated: “nearly all men can stand adversity, but if you want to test a man’s character, give him power”.</p>



<p>Unfortunately history is strewn with incidents of political leaders accumulating immense political power and abusing and riding roughshod over the very mechanisms to check and limit such political abuses and in the process undermining the populous civil rights and liberties. A problem we face as Plato suggests in many cases is those who rise to power do so because most good men are indifferent to public affairs. As he says “ one of the penalties of refusing to participate in politics is that you end up being governed by your inferiors</p>



<p> America, unfortunately is currently living proof of Plato’s concern. We have all being watching with utter dismay – on CNN &#8211; how a group of Police Officers, who swore to protect and serve, to uphold the law, abused this oath in such a blatant, brutal and cavalier way.  The look on the officer’s face, as he kept his kneed of the neck of George Floyd, was one of arrogance, the invincibility of being untouchable. This is not surprising when there is a President in the White House, who at a time like this should be showing statesmanship and leadership, but instead belittles the pandemic by making a wild and ludicrous statement that drinking disinfectant will cure you of COVID-19 and following the barbaric killing of George Floyd by police offices, actions reminiscent of apartheid security forces, tweets: &#8220;when the looting starts, the shooting starts.&#8221; The President then has the audacity to play naïve and the affront to claim he has no idea that the saying came from in the violent days of South Africa.</p>



<p>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. His actions and behaviour show he has no respect for human life, common decency and the fundamental principles upon which the United States was founded on. At times like this, just like during the very dark days of apartheid, we all hope for a brighter and better tomorrow;, a tomorrow built on and enshrined in the principles of universal human rights, equality and justice for all. This is now needed more than ever before, as it was hope that pushed and propelled our people forward in our struggle against apartheid. The endurance and spirit of hope combined with solidarity, unity of a shared common purpose can bring about what we all crave and desire a better life and world for all.</p>


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COMMENT:  Nic Wolpe on George Floyd – Why can’t we banish bigotry like we banished apartheid?

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<p>Minister in the Presidency Jackson Mthembu said government will challenge a court ruling that found lock-down level 3 and 4 regulations unconstitutional.</p>


SA govt. to challenge court ruling on constitutionality of lock-down regulations

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<p>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.</p>


COVID-19: Where does the wedding industry go from here?

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<p>Nigeria’s National Assembly has approved the $5.5 billion external loan request of the executive arm of government to fund the country&#8217;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.</p>


Zedcrest Capital CEO on COVID-19

Zedcrest Capital CEO on COVID-19, debt sustainability & Nigeria’s economic future

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<p>Udo Okonjo is an international lawyer and real estate entrepreneur who is currently the Chief Executive Officer of Fine and Country West Africa, a global real estate brand, specializing in providing a premium service through exceptional marketing. But to get to the top of the chaotic luxury real estate market in West Africa, Okonjo had to not only be exceptional at what she does but also overcome insurmountable challenges against all odds.<br />
https://www.cnbcafrica.com/category/tv-shows/against-all-odds/&#8230;</p>


Against the Odds with Peace Hyde EP06 hosts Udo Okonjo

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<p>Nigeria’s COVID-19 cases continue to surge with the latest update indicating that over 11,000 cases have been confirmed so far. As businesses explore ways to sustain their operations amid the outbreak, Owen Omogiafo, President and Group CEO of Transcorp joins CNBC Africa to discuss how the conglomerate is adapting to the post COVID economy.</p>


Transcorp CEO on adapting to the post -COVID economy

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<p>In this CNBC Africa Special, Forbes Africa Editor Renuka Methil, speaks to a leader who made history as the first female president of Ethiopia, one of Africa’s fastest-growing economies. President Sahle-Work Zewde is currently the only serving female head of state in Africa and in October, will complete two years in office&#8230;.</p>


Renuka Methil in conversation with Ethiopia’s first female president

In conversation with Ethiopia’s first female president

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<p>South African’s were able to quench their thirst from Monday, after the 2 month alcohol ban was lifted under level 3 lock-down regulations. Liquor stores across the country opened their doors to eager customers who are able to buy alcohol in stores and online in the limited days of Monday to Thursday. Jonah Naidoo, Co-Owner of the Boutique liquor store Dry Dock joins CNBC Africa for more.</p>


How e-commerce is transforming SA’s liquor industry amid COVID-19 lock-down

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<p>This week, Made in Rwanda cashless payment app, Nokanda, a product of software company, Hexacomb; rose to the number one spot on Google Play Store’s, “Top Free” category in Rwanda. The ranking, which often belongs to social media giants such as, WhatsApp and Facebook reflects a change in priorities for mobile users in the country. CNBC Africa spoke to Ernest Kayinamura, founder and CEO of the company for more.</p>


Newsletter

COVID-19 lock-down: SA tourism calls for faster reopening

NSE’s Geoffrey Odundo on the economic impact of COVID-19

COVID-19: Do employees need reskilling for the new workplace?

COVID-19: When should we expect aviation to bounce back?

African Development Bank board stands by embattled President Adesina

COVID-19: Could businesses leverage behavioural economics to bounce back?

Building Africa’s Prosperity EP2: How can the continent fill the infrastructure gap?

How Pan African countries are responding to COVID-19

COMMENT: Nic Wolpe on George Floyd – Why can’t we banish bigotry like we banished apartheid?

SA govt. to challenge court ruling on constitutionality of lock-down regulations

COVID-19: Where does the wedding industry go from here?

Zedcrest Capital CEO on COVID-19, debt sustainability & Nigeria’s economic future

Against the Odds with Peace Hyde EP06 hosts Udo Okonjo

Transcorp CEO on adapting to the post -COVID economy

In conversation with Ethiopia’s first female president

How e-commerce is transforming SA’s liquor industry amid COVID-19 lock-down

Nokanda becomes first locally made App to rank #1 on Google Play Store Rwanda

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Newsletter

COVID-19 lock-down: SA tourism calls for faster reopening

NSE’s Geoffrey Odundo on the economic impact of COVID-19

COVID-19: Do employees need reskilling for the new workplace?

COVID-19: When should we expect aviation to bounce back?

African Development Bank board stands by embattled President Adesina

COVID-19: Could businesses leverage behavioural economics to bounce back?

Building Africa’s Prosperity EP2: How can the continent fill the infrastructure gap?

How Pan African countries are responding to COVID-19

COMMENT: Nic Wolpe on George Floyd – Why can’t we banish bigotry like we banished apartheid?

SA govt. to challenge court ruling on constitutionality of lock-down regulations

COVID-19: Where does the wedding industry go from here?

Zedcrest Capital CEO on COVID-19, debt sustainability & Nigeria’s economic future

Against the Odds with Peace Hyde EP06 hosts Udo Okonjo

Transcorp CEO on adapting to the post -COVID economy

In conversation with Ethiopia’s first female president

How e-commerce is transforming SA’s liquor industry amid COVID-19 lock-down

Nokanda becomes first locally made App to rank #1 on Google Play Store Rwanda

News Tips

Advertise With Us

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