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<p>The African Continental Free Trade Area is set to commence in January, a move that aims to revolutionize trade in Africa. Economic Analyst, Ted Kaberuka joins CNBC Africa to discuss Rwanda’s preparedness ahead of the AFCFTA launch.</p>


Reviewing Rwanda’s preparedness ahead of AfCFTA launch

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<p>Ghana’s Electoral Commission says the collation of election result is on-going across the country. The ECG notes that the winner of the presidential race must obtain more votes than the votes of all the other candidates put together. As Ghanaians await the final result, we’ll look at what a recovery path for Ghana’s economy should look like beyond the elections and the pandemic. Edem Nichola Kporku, Senior Research Analyst at Apakan Securities joins CNBC Africa for more.</p>


Apakan Securities on what the path to Ghana’s economic recovery could look like

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<p>The roadmap for the growth and development of the Nigerian mining industry gives a clear policy direction on how to develop the sector which offers robust economic potential to diversify the economy, create jobs and increase government revenue. That’s according to Olamilekan Adegbite, Nigeria’s Minister for Mines and Steel Development. He joins CNBC Africa for a conversation on how the COVID-19 pandemic has impacted the sector and the recovery strategy.</p>


Adegbite shares post-COVID strategy for Nigeria’s mining sector


<figure class="wp-block-image size-large"><img decoding="async" src="https://cms.cnbcafrica.com/wp-content/uploads/2020/05/GettyImages-1189261957-1110x767.jpg" alt="Bill Gates: ‘I wish I had done more’ to warn world about pandemic danger" class="wp-image-371281"/><figcaption>Bill Gates: ‘I wish I had done more’ to warn world about pandemic danger (Photo by Hou Yu/China News Service/VCG via Getty Images)</figcaption></figure>



<p>SINGAPORE — Bill Gates has predicted there could be as many as half a dozen Covid-19 vaccines approved and ready for distribution by the spring of 2021, as medical advancements to combat the coronavirus ramp up.</p>



<p>“I expect that we’ll have about six vaccines approved by the first quarter,” Gates said Tuesday, speaking virtually at the Singapore FinTech Festival.</p>



<p>In addition to the already selectively approved&nbsp;<a href="https://www.cnbc.com/quotes/?symbol=PFE">Pfizer</a>&#8211;<a href="https://www.cnbc.com/quotes/?symbol=BNTX">BioNTech</a>&nbsp;vaccine, Gates said candidates from&nbsp;<a href="https://www.cnbc.com/quotes/?symbol=MRNA">Moderna</a>,&nbsp;<a href="https://www.cnbc.com/quotes/?symbol=AZN-GB">AstraZeneca</a>,&nbsp;<a href="https://www.cnbc.com/quotes/?symbol=JNJ">Johnson &amp; Johnson</a>&nbsp;and&nbsp;<a href="https://www.cnbc.com/quotes/?symbol=NVAX">Novavax</a>&nbsp;would also likely be granted authorization over the coming months. He did not name a sixth vaccine source.</p>



<h2 class="wp-block-heading" id="h-rapid-vaccine-developments">Rapid vaccine developments</h2>



<p>Last week,&nbsp;<a href="https://www.cnbc.com/2020/12/02/uk-approves-pfizer-biontech-coronavirus-vaccine-for-use.html">the U.K. became the first country to give the&nbsp;Pfizer-BioNTech&nbsp;vaccine</a>&nbsp;emergency use approval, with rollouts scheduled to begin Tuesday. The U.S. Food and Drug Administration is set to vote on its approval Thursday.</p>



<p>Gates — whose eponymous non-profit organization, the Bill &amp; Melinda Gates Foundation, has long advocated for global health developments including vaccinations — congratulated regulators in developed nations on their speedy progress. </p>



<p>“The Western regulators are doing a great job,” he said. “They’ve run these phase three trials in an incredibly professional way, looking for any side effects, looking at efficacy.”</p>



<p>Yet Gates noted that much work remains to be done, including by organizations like his own, to ensure vaccines are fairly distributed to all countries, especially less developed ones.</p>



<h2 class="wp-block-heading" id="h-ensuring-equitable-distribution">Ensuring equitable distribution</h2>



<p>“We need to make sure we (distribute) in a somewhat equitable way, that’s not how rich you are determines whether you get access to this vaccine,” said Gates.</p>



<p>Already, the Bill &amp; Melinda Gates Foundation is working with India’s Serum Institute, the world’s largest vaccine producer by volume, to begin&nbsp;<a href="https://www.cnbc.com/2020/12/07/indias-serum-institute-seeks-emergency-use-for-astrazenecas-vaccine-.html">manufacturing and distributing AstraZeneca’s Covid-19 vaccine candidate</a>&nbsp;nationally. A similar arrangement will be made with Serum for the Novavax vaccine, Gates said, while a separate manufacturer will be found for Johnson &amp; Johnson’s candidate, once approved.</p>



<p>All three candidates rely on traditional vaccine technology, meaning they can be developed and stored at relatively lower cost and with lesser difficulty than their counterparts from Pfizer and Moderna. That makes them more suitable options for distribution among less wealthy nations.</p>


Bill Gates: ‘I wish I had done more’ to warn world about pandemic danger

Bill Gates says six Covid vaccines could be available by spring 2021


<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1110" height="740" src="https://cms.cnbcafrica.com/wp-content/uploads/2020/11/GettyImages-1210801808-1110x740.jpg" alt="" class="wp-image-392738" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2020/11/GettyImages-1210801808-1110x740.jpg 1110w, https://cms.cnbcafrica.com/wp-content/uploads/2020/11/GettyImages-1210801808-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2020/11/GettyImages-1210801808-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2020/11/GettyImages-1210801808-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2020/11/GettyImages-1210801808-1536x1024.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2020/11/GettyImages-1210801808-scaled.jpg 2048w" sizes="(max-width: 1110px) 100vw, 1110px" /><figcaption>Motorcycle taxi drivers wait on the corner for passengers as Samsung Electronics Co. advertising hoardings cover a building beyond in downtown Nairobi, Kenya, on Thursday, April 23, 2020. Kenya&#8217;s economic growth could slow to as low as 1% this year as effects of the coronavirus pandemic take a toll on businesses and revenue, according to the National Treasury Secretary Ukur Yatani. Photographer: Patrick Meinhardt/Bloomberg via Getty Images</figcaption></figure>



<p>MOMBASA, Kenya (Reuters) &#8211; The recent deaths from COVID-19 in Kenya of a refugee, a member of parliament and a retired civil servant all happened for the same reason: emergency help was hours away.</p>



<p>Nearly three quarters of Kenya’s intensive care unit (ICU) beds are in the two largest cities, Nairobi and Mombasa.</p>



<p>Yet the new coronavirus is spreading into rural areas where the public health system is creaking and scarce ICU units are full and turning patients away, medics round the nation told Reuters.</p>



<p>Christmas travel may worsen the problem &#8211; and not just in Kenya.</p>



<p>“That is our biggest fear now,” said John Nkengasong, head of the Africa Centres for Disease Control and Prevention, a branch of the African Union bloc.</p>



<p>“During the holiday season, there will be a tendency for large movement from capital cities to villages, remote areas, for people to connect with families. That might drive the pandemic,” he told a news conference from Ethiopia this week.</p>



<p>Africa is recording 10,000-12,000 cases daily, moving toward a July peak of 14,000, after most governments eased lockdowns that curbed the disease but decimated jobs.</p>



<p>After measures were softened, Kenya had record daily cases and deaths in November, taking the totals to nearly 90,000 infections and 1,500 fatalities&nbsp;<a href="https://graphics.reuters.com/world-coronavirus-tracker-and-maps/countries-and-territories/kenya">here</a>.</p>



<p>Experts say the real tally is much higher due to inadequate testing and a policy of only counting hospital deaths.</p>



<p>One of those was Justus Murunga, a member of parliament who died on Nov. 14 after developing breathing problems on a visit to his rural home in the Kagamega area of rural west Kenya.</p>



<p>When he arrived at the nearest public hospital, he was turned away because there was no oxygen.</p>



<p>At a private hospital, a 20-minute drive further, medics could not resuscitate him, the Nation newspaper reported.</p>



<p>“Had our hospital been well equipped, our brother could have been saved,” his brother Henry Washiswa was quoted as saying.</p>



<h2 class="wp-block-heading" id="h-airlifts-for-politicians">AIRLIFTS FOR POLITICIANS?</h2>



<p>Fellow legislators suggested creating a helicopter service for politicians, drawing outrage on social media.</p>



<p>Kenya’s 51 million people have only 537 ICU beds and 256 ventilators, according to a July 2020 study.</p>



<p>“We will have a high mortality rate in the rural areas,” Chibanzi Mwachonda, secretary-general of the Kenya Medical Practitioners, Pharmacists and Dentists Union, told Reuters.</p>



<p>“Ambulances don’t have fuel, there’s a lack of reagents for testing, contract tracing is weak and referral hospitals are overburdened,” added Mwachonda, whose union is threatening to strike.</p>



<p>The health ministry did not respond to requests for interviews.</p>



<p>In the Kakuma refugee camp in Kenya’s remote north west, ICU care is a nine-hour drive away.</p>



<p>That has led to six COVID-19 deaths in a camp clinic due to lack of equipment like a ventilator, a doctor there told Reuters. A 40-year-old South Sudanese woman was the latest.</p>



<p>In the Indian Ocean coastal county of Kilifi, critical patients are referred to ICU wards in Kwale, two hours by ferry, or Mombasa, a one-hour drive away.</p>



<p>The county’s chief health officer Charles Dadu Karisa recounted the case of a former government employee in his 50s who died shortly after being sent to Mombasa. “The patient may have survived if we had our own ICU facilities,” he said.</p>



<p>Even in Mombasa, though, ICU wards at both the biggest public and private hospitals have been full since early November.</p>



<p>“We have no more space,” said a doctor at The Mombasa Hospital, the largest private health facility on Kenya’s coast, lamenting that patients had died at home after being refused admission. “What do we do?”</p>


Nairobi Economy as Kenya Sees Major Virus Hit To Growth

In Kenya, COVID-19’s rural spread strains creaky healthcare


<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="740" height="416" src="https://cms.cnbcafrica.com/wp-content/uploads/2020/12/105441571-1536578453074gettyimages-170472802.jpeg" alt="" class="wp-image-393262" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2020/12/105441571-1536578453074gettyimages-170472802.jpeg 740w, https://cms.cnbcafrica.com/wp-content/uploads/2020/12/105441571-1536578453074gettyimages-170472802-300x169.jpeg 300w" sizes="(max-width: 740px) 100vw, 740px" /><figcaption>Madikwe game reserve, Safari, African elephant, South Africa. Godong | Universal Images Group | Getty Images</figcaption></figure>



<p>The co-founder and CEO of charity Tusk has told CNBC that the shutdown of the tourism industry in Africa due to the Covid-19 pandemic has caused an economic crisis which is impacting conservation in the region.</p>



<p>Charles Mayhew, who is based in the U.K., co-founded the charity in 1990, with a mission to “amplify the impact of progressive conservation initiatives across Africa.” It was started in response to the poaching crisis throughout the 1980s which saw up to 100,000 elephants killed annually, and Prince William, the&nbsp;Duke of Cambridge, became the charity’s Royal Patron in 2005.</p>



<p>Tourism and safaris play a crucial role in financially supporting local workers, communities and wildlife conservation projects, and often pay for rangers to protect both species and land in Africa. However, the sector has been hit hard as a result of the coronavirus pandemic, which seen international travel come to a halt.</p>



<p>Mayhew, who among other roles was formerly an insurance broker in the City of London, told CNBC the impact of the coronavirus had been “absolutely enormous.”</p>



<p>“The reality on the ground in Africa is such that the economic impact and crisis that has flowed from the pandemic has been really significant, mainly because tourism and the travel industry has absolutely shut down, it fell off a cliff, when we all went into lockdown,” he said.</p>



<p></p>



<p>He stressed that although Africa had not had as many coronavirus infections as elsewhere in the world, the economic impact had been “huge” and led to many people losing their jobs.</p>



<p>“What that has meant in terms of conservation is that we’ve seen a significant upsurge in bushmeat poaching for people just simply trying to put food on the table,” he said.</p>



<p>According to figures from the World Travel and Tourism Council (WTTC), the sector employs around&nbsp;<a href="https://wttc.org/News-Article/Urgent-Appeal-to-International-Community-to-Support-African-Travel-and-Tourism-Sector" target="_blank" rel="noreferrer noopener">24.6 million people in Africa and contributes $169 billion to the economy</a>, which is 7.1% of the continent’s gross domestic product.</p>



<p>Mayhew, who received an MBE from Queen Elizabeth II in 2005 for his services to conservation in Africa, was speaking in the latest episode of CNBC’s “On Assignment” series about the charity’s Tusk Conservation Awards.</p>



<p>Due to the Covid-19 restrictions, its eighth annual awards, in partnership with global asset manager Ninety-One, were held virtually on Thursday.</p>



<p>Speaking ahead of the awards, the Duke of Cambridge echoed Mayhew’s concerns regarding the pandemic, which he said had “decimated the tourism industry in Africa as a whole.”</p>



<p>“I do have big concerns as to what’s coming around the corner if we can’t get tourism back in Africa, and we can’t keep these wonderful projects and these brilliant communities funded and kept going, then there are some dark times ahead,” Prince William said.</p>



<p>“But with the likes of Tusk and others doing fantastic work in Africa, I have no doubt that the right support and the right people are where they need to be.</p>



<p>Mayhew said that the involvement of the Duke of Cambridge had been a game changer for the charity.</p>



<p>“He’s raised the profile of the charity which has made a huge difference in our ability to raise funds and to be recognized in the donor community as a credible organization. So that’s been immensely valuable” he said.&nbsp;</p>



<p>“When he meets the conservationists … and the communities that we’re working with, it really increases their morale and their belief in what they’re doing hugely because he just brings this fantastic spotlight onto the work that they’re doing.”&nbsp;</p>



<p>Since they were established in 2013, the Tusk Conservation Awards have set out to “celebrate African-based conservation leaders and wildlife rangers” and their work with communities and wildlife on the ground.&nbsp;</p>



<p>This year’s event saw three winners receive awards and a financial grant from the charity.&nbsp;</p>



<p>The Prince William Award for Conservation in Africa recognized the lifetime achievement of Hipólito Lima, in Sao Tome and Principe, for dedicating his life to sea turtle conservation, in a region which traditionally hunted them for their meat and eggs.&nbsp;</p>



<p>The Tusk Wildlife Ranger Award 2020 was awarded to Zimbabwe Parks and Wildlife Management Authority Principal Intelligence Officer, Amos Gwema, for changing the way intelligence work helps to protect wildlife in Zimbabwe.&nbsp;</p>



<p>And John Kamanga, executive director of the South Rift Association of Land Owners, received the Tusk Award for Conservation in Africa for his work in helping local communities and wildlife to co-exist in the South Rift region of Kenya.</p>



<p>Mayhew said that as well as a continued focus on ending the illegal wildlife trade, the biggest challenges in African conservation were human-wildlife conflict and loss of habitat, given that the continent’s population is expected to rise from&nbsp;<a href="https://www.un.org/en/sections/issues-depth/population/" target="_blank" rel="noreferrer noopener">1.2 billion to 2.4 billion by 2050</a>.</p>


105441571-1536578453074gettyimages-170472802

Charity CEO warns of the impact of Covid on conservation in Africa

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<p>Since the first case of COVID-19 was confirmed on the continent in February 2020, Africa’s response, led by the Africa Centres for Disease Control and Prevention (Africa CDC) has been commendable. Governments moved quickly to institute public health measures to curb its spread but the virus has also exposed the deficiencies of many of our health systems, so what lessons can be drawn from this? Joining CNBC Africa for this discussion are; Prof. Joachim Osur, Director, Emerging Markets, at Amref Health Africa; Joanitah Nvanungi, Co-Founder Drugs Dash and Dr. Patrick Singa, Medical Director, Babyl Health Rwanda&#8230;.</p>


COVID-19: How the pandemic has impacted healthcare systems in Africa

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<p>CNBC.com&#8217;s MacKenzie Sigalos brings you the day&#8217;s top business news headlines. On today&#8217;s show, we break down a potential new law that could force major Chinese companies like Alibaba to delist from U.S. stock exchanges. Plus, CNBC&#8217;s Sharon Epperson explains why anyone who tries to cash out on bitcoin&#8217;s record run in 2020 needs to let the IRS know about it.</p>
<p>0:00 — Intro<br />
0:29 — Market check<br />
1:18 — US goes after Chinese stocks<br />
4:19 — CNBC Soundcheck<br />
5:54 — Bitcoin and taxes<br />
9:17 — Numbers round&#8230;</p>


Bitcoin Surges Higher

Bitcoin Surges Higher, And The IRS Wants To Know Who’s Cashing Out: CNBC After Hours

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<p>Bikes have been a hot ticket item during the Covid pandemic as more people look for recreational activities and outdoor transportation. With more bikes and other forms of micromobility on the road, transportation experts say the moment is prime for a transit upheaval in the United States. Here’s how the Covid bike boom could change the way Americans get to work and around major cities.</p>
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Why Covid-19 Caused A Bike Boom

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<p>The South African Competition Commission has been especially busy this year. This as the Commission increased its efforts in containing price gouging on essential items needed during the COVID-19 pandemic. Joining CNBC Africa to give an overview on the work that has been done in 2020 and an outlook on the year ahead is Tembinkosi Bonakele, Commissioner of the South African Competition Commission.</p>


Commissioner Tembinkosi Bonakele reflects on 2020 & looks ahead to 2021

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<p>Wescoal’s headline earnings per share have risen to 3.3 cents. This is compared to a loss of 11.9 cents in the previous comparable period. Wescoal’s performance was largely driven by a solid operational turnaround strategy in the Mining division. No interim dividend has been declared. Wescoal CEO, Reginald Demana joins CNBC Africa for more.</p>


Wescoal CEO Reginald Demana on interim results & outlook

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<p>Virgil Karuranga popularly known as DJ Miller succumbed to a stroke at the beginning of this year but this has not stopped friends of one of Rwanda’s great entertainers to come together to finish the work of his album, titled Shani. CNBC Africa spoke to the Managing Director of Rock Events, Bruce Twagira for more&#8230;.</p>


Rock Events’ Bruce Twagira on keeping DJ Miller’s legacy alive

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<p>The COVID-19 pandemic has exacerbated pre-existing education disparities in Africa and reduced the opportunities for many of the most vulnerable children on the continent.</p>


COVID-19: How can Africa bridge the education gap?

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<p>Rwanda aims to grow exports by 17 per cent annually in 2024 and has put in place Made in Rwanda and other initiatives to promote local manufacturing. To understand investment opportunities and incentives in the sector, CNBC Africa spoke to Louise Kanyonga, Chief Strategy and Compliance Officer at Rwanda Development Board.</p>


RDB’s Louise Kanyonga shares plans to grow Rwanda’s manufacturing sector

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<p>Traders at UBA say they expect Nigeria’s Fixed Income market to remain volatile next week as traders continue to reposition ahead of the credit of the Central Bank of Nigeria’s Special Bills with patterns leaning more to significant sell-downs of current portfolio so as to create credit and enjoy the new yield levels. Gbemisola Bello-Aromire, Fixed Income Dealer at UBA tells us more about this expected trend&#8230;.</p>


UBA: Volatile market expected ahead of CBN’s Special Bills credit

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<p>The Chief Executive of Stanbic IBTC Holdings Plc, Demola Sogunle says over the past three years, the bank has had to increase its investment in cybersecurity. CNBC Africa’s Esther Awoniyi caught up with him on the side-lines of the second edition of the Art of Technology and discussed the relevance of technology in managing bank’s exposure to cyber-attacks.</p>


How tech can used to mitigate exposure to cyber-attacks

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<p>Ratings Agency, Fitch says its outlook for African banks come 2021 is stable as they see a gradual normalisation with business volumes and revenues picking up.</p>


Newsletter

Reviewing Rwanda’s preparedness ahead of AfCFTA launch

Apakan Securities on what the path to Ghana’s economic recovery could look like

Adegbite shares post-COVID strategy for Nigeria’s mining sector

Bill Gates says six Covid vaccines could be available by spring 2021

In Kenya, COVID-19’s rural spread strains creaky healthcare

Charity CEO warns of the impact of Covid on conservation in Africa

COVID-19: How the pandemic has impacted healthcare systems in Africa

Bitcoin Surges Higher, And The IRS Wants To Know Who’s Cashing Out: CNBC After Hours

Why Covid-19 Caused A Bike Boom

Commissioner Tembinkosi Bonakele reflects on 2020 & looks ahead to 2021

Wescoal CEO Reginald Demana on interim results & outlook

Rock Events’ Bruce Twagira on keeping DJ Miller’s legacy alive

COVID-19: How can Africa bridge the education gap?

RDB’s Louise Kanyonga shares plans to grow Rwanda’s manufacturing sector

UBA: Volatile market expected ahead of CBN’s Special Bills credit

How tech can used to mitigate exposure to cyber-attacks

Fitch Ratings: 2021 outlook for African banks stable

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Advertise With Us

Newsletter

Reviewing Rwanda’s preparedness ahead of AfCFTA launch

Apakan Securities on what the path to Ghana’s economic recovery could look like

Adegbite shares post-COVID strategy for Nigeria’s mining sector

Bill Gates says six Covid vaccines could be available by spring 2021

In Kenya, COVID-19’s rural spread strains creaky healthcare

Charity CEO warns of the impact of Covid on conservation in Africa

COVID-19: How the pandemic has impacted healthcare systems in Africa

Bitcoin Surges Higher, And The IRS Wants To Know Who’s Cashing Out: CNBC After Hours

Why Covid-19 Caused A Bike Boom

Commissioner Tembinkosi Bonakele reflects on 2020 & looks ahead to 2021

Wescoal CEO Reginald Demana on interim results & outlook

Rock Events’ Bruce Twagira on keeping DJ Miller’s legacy alive

COVID-19: How can Africa bridge the education gap?

RDB’s Louise Kanyonga shares plans to grow Rwanda’s manufacturing sector

UBA: Volatile market expected ahead of CBN’s Special Bills credit

How tech can used to mitigate exposure to cyber-attacks

Fitch Ratings: 2021 outlook for African banks stable

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