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<p>The World Bank Group approved today a $500 million program to help countries in Africa and the Middle East fight the locust swarms that are threatening the food security and livelihoods of millions of people. The bank’s financing package will deliver immediate and long-term support to help hard-hit farmers and rural communities control the swarms, withstand the dual crises of COVID19 and locusts and restore their livelihoods. World Bank Group President, David Malpass joins CNBC Africa for more.</p>


World Bank approves $500mn to aid Africa’s fight against locust plague

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<p>Standard Chartered Bank Kenya has announced loan reliefs and extended mortgage repayment periods for its clientele as part of the measures to help customers  deal with setbacks from the Covid-19 pandemic.</p>


StanChart Kenya unveils relief measures to support customers amid COVID-19 crisis

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<p>The COVID-19 pandemic has forced governments, organizations, and businesses around the globe to work remotely. As banks and financial services providers record higher activities through their digital channels, Abdul-Hakeem Ajijola, Executive Chairman of Consultancy Support Services joins CNBC Africa to discuss how best to mitigate the cybersecurity risks in this new normal.</p>


COVID-19: Working from home presents new cyber-security challenges for firms

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<p>The Nigerian government has asked businesses to use the next two weeks of the phased easing of the lock-down to prepare for life in the new normal. But how should investors prepare in the interim?</p>


What is the new normal for investors amid COVID-19 crisis?


<p><em>An enduring lesson learnt throughout our 175-year existence is that, while things rapidly change around us, the things that truly matter don’t! The desire to keep learning and growing is one such thing that remains a driving force behind everything we do at Old Mutual. Education is central to this.</em></p>



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p><strong><em>“Wealth, if you use it, comes to an end; learning, if you use it, increases.” Swahili Proverb</em></strong></p></blockquote>



<p></p>



<h2 class="wp-block-heading"><strong>Responding to the Challenges</strong></h2>



<p>Aligned to both Sustainable Development Goal’s 4 (Quality Education) and 17 (Partnerships) as well as our Responsible Business philosophy, we’re working to share, connect, learn and grow together with the communities we serve through Education.</p>



<p>We believe in the power of Education to solve key social issues such as poverty, inequality and unemployment. By continuing to invest in Education today, we know that we can build a more prosperous future for the generations of tomorrow.</p>



<p>Old Mutual has partnered with authorities, experts, and practitioners in the field on a number of ongoing initiatives including: &nbsp;</p>



<ul class="wp-block-list"><li>Dynamic and interactive <strong>Financial Education and Inclusion</strong> programmes that have reached millions across the African continent. Utilising an array of channels and leveraging off technology, the programmes impart valuable and often life changing principles that empower customers and communities to build and sustain their lifetime financial goals.</li><li><strong>Investing in Schools, Teachers and Leadership </strong>to drive immediate and long-term impact in the Education sector. Old Mutual’ s Education Flagship Project – a longer-term programme with a seven-year investment cycle – is in place to connect the dots between learners, teachers and school leadership through innovative training that has paid off in improved results in affiliated schools.</li></ul>



<ul class="wp-block-list"><li><strong>Skills Development</strong> interventions such as Bursaries, Internships, Learnerships and Graduate Development programmes that seek to create sustainable job opportunities and placements for learners.</li></ul>



<figure class="wp-block-image alignfull size-large"><img loading="lazy" decoding="async" width="820" height="312" src="https://www.cnbcafrica.com/wp-content/uploads/2020/05/C1307-175-CNBC-Africa-1.jpg" alt="" class="wp-image-371836" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2020/05/C1307-175-CNBC-Africa-1.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2020/05/C1307-175-CNBC-Africa-1-300x114.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2020/05/C1307-175-CNBC-Africa-1-768x292.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2020/05/C1307-175-CNBC-Africa-1-696x265.jpg 696w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



<h2 class="wp-block-heading"><strong>Introducing Africa’s Biggest Digital Classroom to Bring It All Together!</strong></h2>



<p>In perhaps our most ambitious move yet, Old Mutual has committed to building Africa’s Biggest Digital classroom so that we can extend the Education-based work already being done across the Group to so many more.</p>



<p>This Digital Classroom is being designed to respond to the challenges of widespread education exclusion, low Financial Literacy rates on the continent, vastly uneven teacher-to-learner ratios, as well as accessibility to physical and financial resources that continue to hamper the success of the delivery of Education on the continent today, and into the future.&nbsp;</p>



<h2 class="wp-block-heading"><strong>Enabling Learning Through Digital Engagement</strong></h2>



<p>But why a digital classroom?</p>



<p>Our aim as a business, is to be able to effectively respond to an increasingly connected Africa with user-friendly, value-adding solutions and experiences that bring as many people along on this educational journey as possible. Designed with a generation of digital first, tech-savvy users in mind, but mindful of the wealth of knowledge coming through from past generations, Africa’s Biggest Digital Classroom will enhance the capabilities of past and present, to shape a brighter future for all well into the future.</p>



<p>While we’re investing in digital capabilities to enhance education across the continent, we know that the future of Africa is still its people! And Africa’s Biggest Digital Classroom has people at its core. We believe that in creating opportunities for people to share and connect using digital technologies, we can contribute to greater inclusivity and a more prosperous continent for all.</p>



<h2 class="wp-block-heading"><strong>How You Can Participate</strong></h2>



<p>Work is already underway to establish Africa’s Biggest Digital Classroom. We will be creating opportunities for our employees, customers, teachers, learners and many other stakeholders to add their voices to the design process. You can follow our progress and add your voice to the conversation on social media using <strong>#175Africa</strong></p>



<p>We look forward to working with you to bring Africa’s Biggest Digital Classroom online!</p>


175 Digital Classroom Advertorial image 1

Building Africa’s Biggest Digital Classroom

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<p>Amid the medical crisis that has inundated the healthcare and medical aid sector; many concerns have been raised about patients on chronic medication and Covid-19 hospital admissions. Dr Katlego Mothudi, Managing Director of the Board of Healthcare Funders joins CNBC Africa for more.</p>


How are medical aid schemes responding to Covid-19?

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<p>Global Chief Economist of Renaissance Capital says sustained lock-downs do not seem viable in low-income countries where the Covid-19 virus is already well established. Charles Robertson joins CNBC Africa&#8217;s Kenneth Igbomor to explore the impact of the Covid-19 pandemic economies across Sub-Saharan Africa&#8230;.</p>


Renaissance Capital on how COVID-19 is impacting SSA economies

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<p>While Covid-19 risks killing many businesses it also presents new opportunities for innovation. Like Ubuntu beds, an establishment that unites hotels, whose businesses have been idle due to Covid-19 with healthcare workers in need of accommodation as they fight the virus on the frontline. Kim Walker, Founder of Ubuntu Beds joins CNBC Africa for more.</p>


This Covid-19 disruptor is helping front-line healthcare workers with free accommodation


<p>In a roundtable discussion on Wednesday made up of several African leaders, organised by the New York Forum Institute, Chairman of the <a href="https://www.cnbcafrica.com/coronavirus/2020/03/28/tony-elumelus-united-bank-for-africa-donates-14mn-to-covid-19-relief-across-africa-this-is-how-it-will-be-used/">United Bank for Africa (UBA) Plc</a> Tony Elumelu stated that the global <a href="https://www.cnbcafrica.com/covid-19/">COVID-19</a> pandemic presents an opportunity to ‘reset’ the African continent.</p>



<p>The statement below provides a full summary of the meeting:</p>



<p><strong>Elumelu says Covid-19 Presents Opportunity to Reset Africa&nbsp;</strong></p>



<p>·&nbsp;&nbsp;&nbsp;Advocates Martial Plan to Boost Electricity And Ease Debt Burden</p>



<p>·&nbsp;&nbsp;&nbsp;&nbsp;Wants Youths Prioritised as SMEs are Empowered</p>



<p>The Chairman of the United Bank for Africa (UBA) Plc, Tony Elumelu, has stated that the Coronavirus Pandemic currently ravaging the world presents an opportunity to reset the African continent so that Africans can be empowered to become more productive and self reliant. He said this today at the high-level Roundtable discussions made up of African leaders including Dr. Ngozi Okonjo &#8211; Iweala, the Special Envoy of the African Union on Covid-19 and Tidjane Thiam who is also a Covid-19 Special Envoy responsible for mobilising international economic support for Africa.</p>



<p>During the session titled ‘Resilient World: An African call for a new world order’, Elumelu stated&nbsp;“I see this pandemic as an opportunity to reset Africa.’&nbsp;Whilst pointing out that&nbsp;Africa as a continent has all it takes to emerge into a strong digital economy, the UBA Group Chairman advocated a martial plan that will galvanise the entire continent and make Africa less dependent on the ‘circularity of debt’ from developed nations, which according to him, has been a major setback for decades.</p>



<p>He said, “I feel that as we engage the rest of the world in providing relief, we need to look for a more fundamental solution to Africa’s challenges. I have often argued for a martial plan overtime. We need to mobilise everyone. If we have a martial plan that mobilises resources to address particular issues, then we can mitigate against this constant begging for assistance.”</p>



<p>Explaining further, Elumelu pointedly said, “The truth is that we have resources to help mobilise people. As the founder of the Tony Elumelu Foundation, we committed to endow $100m to support young African entrepreneurs and we have been seeing the positive results this has yielded so far. It is evident that if we can fix access to electricity, ensure stability of the macro-economic environment, ensure prioritisation of the youth, empower our small and medium scale enterprises and fix youth migration, then we are in for a better and more resilient economy’.&nbsp;“There is the urgent need to prioritise our youths and empower our SMEs. The people who work hard need to be encouraged,” Elumelu noted passionately.</p>



<p>Tidjane Thiam&nbsp;who supported what Elumelu had proposed, said that rather than depend on international assistance at every point, there is the need for governments and institutions to invest in activities that will prioritise the youths and create a better enabling environment.&nbsp;</p>



<p>“I totally agree with Tony Elumelu. The major challenge is that we do not see enough entrepreneurs. Similar to what obtains in Asia and Europe, there is the need to promote a class of Entrepreneurs to drive the African economy. &nbsp;we need to groom more Tony Elumelus’ from Africa’ he said. Tidjane continued, ‘We know what needs to be done. We need government and multinational institutions to bring in capital so that there will be investment in health, infrastructure and the like. We do need to get rid of this debt cycle because constant rescheduling and begging for relief for debts is not good for us as a continent,” Thiam said.</p>



<p>Okonjo-Iweala, on her part, called for a system where youths and women will be empowered to create and produce more to boost the African economy.</p>



<p>Whilst calling on private and government parastatals to engage in meaningful partnerships that will help to galvanise job creation and entrepreneurship among youths in Africa, she said, “As Tony pointed out, we can see this pandemic as an opportunity for the continent. We have the African Free Trade Agreement, and we have to make it real.&nbsp;</p>



<p>“We have to specialise our countries to manufacture the things we need so we can trade with others. We need to produce good jobs for our young people. We need to empower our women and youths and put them at the centre. It is said that Africa would have the largest number of youths in the world by 2050, so we need to fix this,” she noted.</p>



<p>The roundtable which was organised by the New York Forum Institute, also had in attendance African Heads of States including President Mahamadou Issoufou of Niger; President Uhuru Kenyatta of Kenya; President Alassane Ouattara of Cote d’Ivoire; President Macky Sall of Senegal and President Julius Bio of Sierra Leone;</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>


COVID-19 is the perfect opportunity to ‘reset’ Africa - UBA Chairman Tony Elumelu

COVID-19 is the perfect opportunity to ‘reset’ Africa – UBA Chairman Tony Elumelu

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<p>Dis-Chem has deferred its final dividend, opting to preserve cash in light of the uncertainties of Covid-19 and to potentially use the money to fund its R430 million acquisition of Baby City.</p>


Dis-Chem defers annual dividend

Dis-Chem defers annual dividend, unveils plans for Baby City

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<p>Retail, office and industrial tenants have been knocking on their landlord’s doors asking for rental discounts to weather the economic downturn of Covid-19. Landlords themselves have been asking for relief from their banks to protect their financial walls from the wrath of the pandemic. For more insight on the business of property in a Covid-19 world, CNBC Africa spoke with Norbet Sasse, CEO of SA’s largest landlord, Growthpoint Properties.</p>


How SA’s largest landlord is responding to COVID-19 shocks

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<p>CNBC Africa held its virtual online discussion &#8211; called Business Tomorrow a look a life after COVID-19 – about the future of higher education in Africa. The panel of education experts spoke about everything from regulation to how in the future students will learn only online in a world where many university campuses don’t even know when they are going to reopen&#8230;.</p>


How COVID-19 is rewriting how your kids will go to university across Africa

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<p>Rwanda yesterday said the country will put five high-tech robots into use to fight COVID-19 in its treatment centers. The smart mobile robots also have functions like facial recognition, temperature screening, and monitoring patient&#8217;s status and keep medical records of the patients, CNBC Africa spoke to Benjamin Karenzi, CEO Zorabots Africa for more.</p>


Rwanda deploys high tech robots to fight coronavirus

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<p>The Central Bank of Nigeria says it will make forex available for activities that would boost the economy and generate jobs. Chamberlain Peterside, CEO of Xcellon Capital Advisors joins CNBC Africa to discuss this and other headlines making the rounds in Nigeria.</p>


CBN to make forex available for activities boosting the economy


<p>Report by Chloe Taylor</p>



<p>Fifty days of strict <a href="https://www.cnbcafrica.com/coronavirus/2020/05/13/covid-19-most-of-sa-to-move-to-level3lockdown-by-end-of-may/">lockdowns</a> followed by 30 days where measures are eased could be an effective strategy for reducing <a href="https://www.cnbcafrica.com/southern-africa/2020/05/19/ipasas-konji-sebati-on-the-global-search-for-the-covid-19-vaccine/">Covid-19</a> deaths while ensuring some level of economic protection, scientists claim.</p>



<p>In an EU-backed study published on Wednesday, a cohort of researchers from nine countries simulated how various <a href="https://www.cnbcafrica.com/east-africa/2020/05/19/covid-19-rwanda-tanzania-agree-on-a-solution-for-cross-border-movements/">lockdown strategies</a> would impact the spread of the coronavirus.</p>



<p>There have been almost 5 million cases of Covid-19 confirmed globally, with over 300,000 deaths from the virus worldwide, according to data compiled by Johns Hopkins University.</p>



<p>Many governments have imposed some form of lockdown to mitigate transmission of the virus. But policymakers around the world are now calculating ways to gradually lift those measures as the pandemic weighs heavily on <a href="https://www.cnbcafrica.com/videos/2020/05/14/covid-19-worsens-zims-economic-challenges/">economic activity</a>.</p>



<p>Scientists suggested in the new report that an alternative, more effective approach to indefinite or milder lockdowns could be alternating stricter measures with intervals of relaxed social distancing. Effective testing, contact tracing and isolation strategies, as well as efforts to shield society’s most vulnerable, would be consistently kept in place.</p>



<p>They modeled several different scenarios on 16 countries, including Australia, Mexico, Belgium, South Africa and Nigeria.</p>



<p>In the first scenario, no mitigation or social-distancing measures were imposed. In every single country, this led to the number of patients requiring treatment in intensive care units (ICUs) quickly and significantly exceeding available capacity. Ultimately, this would result in 7.8 million deaths across the countries included in the analysis, researchers said, and the duration of the epidemic would be almost 200 days in the majority of those nations.</p>



<p>The second scenario modeled a rolling cycle of 50-day “<a href="https://www.cnbcafrica.com/southern-africa/2020/05/12/debunking-covid-19-testing-myths-with-a-medical-doctor/">mitigation measures</a>” followed by a 30-day period where those measures were relaxed. Analysts defined mitigation measures as strategies that gradually reduced the number of new infections, such as social distancing, hygiene rules, isolating individuals with the virus, school closures and restricting large public events. These measures did not include a total lockdown.</p>



<p>This scenario was likely to reduce the R number — the reproduction rate of the virus — to 0.8 in all countries, the study showed. However, while it proved effective for the first three months, after the first relaxation period scientists found the number of patients requiring ICU care would exceed hospital capacities. This would lead to 3.5 million deaths across the 16 countries used in the simulation, with the pandemic lasting around 12 months in high income countries and at least 18 months in other nations.</p>



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<p>Researchers also modeled a third scenario, which involved a rolling cycle of stricter “suppression measures” for 50 days followed by a 30-day relaxation period. Suppression measures were defined as those that led to a faster reduction in the number of new infections, achieved by applying <a href="https://www.cnbcafrica.com/videos/2020/05/14/afcfta-covid-19-as-an-opportunity-to-deepen-intra-africa-trade/">strict lockdown measures</a> on top of other mitigation measures.</p>



<p>In the third, most stringent scenario, the R number would be reduced to 0.5 and keep ICU demand within national capacity across all countries, scientists concluded. As more people would remain susceptible to catching the virus at the end of each cycle, however, the pandemic would be prolonged and last for more than 18 months in all countries.</p>



<p>But the Covid-19 death toll during the pandemic would be significantly reduced in this scenario, with just over 130,000 deaths expected across the 16 countries included the analysis.</p>



<p>Researchers noted that individual countries would need to define for themselves how long the durations of the intervals would last to suit their domestic needs and facilities.</p>



<p>A continuous, three-month strategy of strict <a href="https://www.cnbcafrica.com/videos/2020/05/12/covid-19-cas-coovadia-on-why-govt-should-rethink-its-strategy-on-reopening-the-economy/">suppression measures</a> would be the fastest way to end the pandemic, with most countries able to reduce new cases to near zero in this scenario, scientists said.</p>



<p>Meanwhile, if looser mitigation strategies were continuously applied, it would take just over six months for new cases to fall close to zero.</p>



<p>Rajiv Chowdhury, a global health epidemiologist at the University of Cambridge and the report’s lead author, said the third scenario — rotating strict suppression measures with relaxation periods — may allow populations to “breathe” at intervals.</p>



<p>“That might make this solution more sustainable, especially in resource-poor regions,” he said.</p>



<p>Oscar Franco, director of the Institute of Social and Preventive Medicine at the University of Bern in Switzerland, added that the research provided a strategic option for countries to better control Covid-19.</p>



<p>“There’s no simple answer to the question of which strategy to choose,” he said. “Countries — particularly low-income countries — will have to weigh up the dilemma of preventing Covid-19 related deaths and public health system failure with the long-term economic collapse and hardship.”</p>



<p>The IMF has warned that the world is on course for the deepest <a href="https://www.cnbcafrica.com/coronavirus/2020/05/12/covid-19-kick-starting-sas-small-medium-large-tourism-businesses-join-cnbc-africas-virtual-seminar-tuesday-12th-may-register-today/">recession</a> since the 1930s thanks to the coronavirus pandemic, predicting that the <a href="https://www.cnbcafrica.com/videos/2020/05/13/how-african-economies-will-reawaken-from-the-covid-19-nightmare/">global economy</a> will contract by 3% this year.</p>



<p>This article was first published on CNBC <a href="https://www.cnbc.com/2020/05/19/study-proposes-50-days-on-30-days-off-coronavirus-lockdown-strategy.html">https://www.cnbc.com/2020/05/19/study-proposes-50-days-on-30-days-off-coronavirus-lockdown-strategy.html</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>


Sub-Saharan Africa to suffer 23.1% decline in remittances in 2020 – World Bank

Scientists believe this 50 days on, 30 days off lockdown strategy will help fight COVID-19

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<p>The global airline industry has taken a nosedive amid the complete shutdown of travel during the Covid-19 pandemic. Some countries have begun reopening its economy and have begun to resume domestic flights to allow the movement of people. However the losses made during the shutdown have left many airline companies destitute and joining CNBC Africa to unpack the outlook for the airlines industry is Raphael Kuuchi, The International Air Transport Association’s Special Envoy to Africa, Joachim Vermooten, Aviation Economist and Unathi Sonwabile Henama, Professor at the Tshwane University of Technology&#8230;.</p>


Global aviation industry searches for a way back from the Covid-19 turbulence


<p>South Africa’s Department of Mineral Resources and Energy (DMRE) has issued guidelines for a mandatory Code of Practise to companies in the mining industry on managing the <a href="https://www.cnbcafrica.com/videos/2020/05/19/adeosla-adeduntan-on-covid-19-the-future-of-banking-in-africa/">COVID-19</a> pandemic according to the terms of the Mine Health and Safety Act.</p>



<p>This will assist employers in the mining sector to establish and maintain a COVID-19 prevention, mitigation and management programme, according to a statement by the DMRE.</p>



<p>The following statement provides more details:</p>



<p><strong>DMRE PUBLISHES MANDATORY CODE OF PRACTICE TO FIGHT COVID-19</strong></p>



<p>The Department of Mineral Resources and Energy (DMRE) has published guidelines for a mandatory Code of Practice (COP) for the mitigation and management of COVID-19 in the mining industry. The guidelines are issued in terms of section 49(6) of the Mine Health and Safety Act, 1996, after consultation with the Mine Health and Safety Council inluding a process of public comments to the draft guidelines. The objective of this guideline is to assist employers as far as reasonably practicable to establish and maintain a COVID-19 prevention, mitigation and management programme. This is to ensure that mine employees returning to work and any other persons at mines, are protected from transmission of the Coronavirus at the workplace, and where reasonably practicable, in the community, whilst providing guidance to all stakeholders regarding their roles and responsibilities in the management of the virus.</p>



<p>All mining operations are required to prepare and implement a Code of Practice on the COVID-19 pandemic that complies with any relevant guidelines and instructions issued by government, including:</p>



<ol class="wp-block-list" type="a"><li>Regulations issued in terms of section 27(2) of the Disaster Management Act, 2002</li><li>Directions issued by the Minister of Mineral Resources and Energy in terms of regulation 10(8) of the regulations issued in terms of section 27(2) of the Disaster Management Act No 57 of 2002</li><li>Guiding principles on the management of Covid-19 in the South African Mining Industry (SAMI)</li><li>Guidelines developed by the World Health Organisation (WHO), National Department of Health (NDoH), and the National Department of Employment and Labour (NDEL)</li></ol>



<p>Failure by the employers to prepare and implement the mine&#8217;s COP in line with the guidelines constitutes a criminal offence and a bridge of the MHSA. The gazetted guidelines can be accessed and downloaded on government gazette website, or <a href="http://www.energy.gov.za">www.energy.gov.za</a>  and  <a href="http://www.dmr.gov.za">www.dmr.gov.za</a></p>



<p><strong>Issued by the Department of Mineral Resources and Energy</strong></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>


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