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<p>In Nigeria, the NSE All-share Index has risen almost 30 per cent year-to-date after gaining 2.2 per cent last week. Steve Osho, Co-Managing Partner at Comercio Partners joins CNBC Africa&#8217;s Kenneth Igbomor for more&#8230;.</p>


Nigeria market watch: NSE All-share Index up 29.9% YTD

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<p>The Manufacturers Association of Nigeria says they welcome and commend the plans by the government to reopen the land borders. The association says its research shows that some sectors had a considerable increase in their productivity, while some others recorded a sharp decline. It has been over a year since Nigeria closed its land borders to check smuggling. Ambrose Oruche, Acting Director-General of The Manufacturers Association of Nigeria and Steve Osho, Co-Managing Partner at Comercio Partners join CNBC Africa for this discussion.</p>


COVID-19 lockdown: Nigeria’s manufacturers welcome plan to reopen land borders

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<p>The initial doses of Pfizer and BioNTech&#8217;s Covid-19 vaccines could go out next month, if the FDA grants emergency authorization. There are also three other promising vaccine candidates in the pipeline from AstraZeneca, Moderna, and Johnson &#038; Johnson. The process of distributing the vaccine to the 330 million people living in the U.S., however, could prove a logistical challenge. Here&#8217;s a look at how the federal government plans to do it.</p>
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How The U.S. Plans To Distribute Covid-19 Vaccines

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<p>As Nextdoor works its way toward going public, investors and community members alike are asking Nextdoor to do more to clean up the racism on its platform so that the good parts can shine through.</p>
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<p>As Nextdoor&#8217;s Growth Soars, It Struggles With Issues Of &#8230;</p>


As Nextdoor’s Growth Soars

As Nextdoor’s Growth Soars, It Struggles With Racism On The App

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<p>The Zimborders Consortium has secured $296 million for the upgrade of the Beitbridge border post between Zimbabwe and South Africa. This is a key national project and it is integral to Zimbabwe’s economic and social development goals. The Zimborders Consortium CEO, Francois Diedrechsen joins CNBC Africa for more.</p>


Zimborders Consortium secures $296mn funding to upgrade Beitbridge border post

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<p>2020 has brought about a new need to amplify the voice of young black people globally from the Black Lives Mater movement to the #ENDSARS movement in Nigeria, so why is important to amplify the voices of young black people globally? CNBC Africa is joined by Nyeleti Honwana, Co-Founder of the of the Global Black Youth festival for more.</p>


GBY on how young Black people are changing the narrative one story a time

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<p>In Rwanda, Atlas Mara Limited and Kenya Commercial Bank Group signed a definitive agreement to acquire 62 per cent of issued shares in Banque Populaire du Rwanda. At the same time, Israeli private airline company, Israir made its maiden flight to Rwanda, at the Kigali International Airport. And today, the government of Rwanda and the government of the Republic of Korea signed a bilateral air service agreement. Hudson Kuteesa, Journalist with The Newtimes joins CNBC Africa for more.</p>


Rwanda

Rwanda, Korea sign bilateral air services agreement

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<p>In the past, a lot has been said of the Fourth Industrial Revolution and how it will impact the jobs of today.</p>


Is there a need for skills reset on the continent?


<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="740" height="416" src="https://cms.cnbcafrica.com/wp-content/uploads/2020/11/105500770-1539253589126gettyimages-909184932.jpeg" alt="" class="wp-image-392105" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2020/11/105500770-1539253589126gettyimages-909184932.jpeg 740w, https://cms.cnbcafrica.com/wp-content/uploads/2020/11/105500770-1539253589126gettyimages-909184932-300x169.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2020/11/105500770-1539253589126gettyimages-909184932-150x84.jpeg 150w, https://cms.cnbcafrica.com/wp-content/uploads/2020/11/105500770-1539253589126gettyimages-909184932-696x391.jpeg 696w" sizes="(max-width: 740px) 100vw, 740px" /><figcaption>President Cyril Ramaphosa during a pre-World Economic Forum breakfast briefing on January 18, 2018 in Johannesburg, South Africa.</figcaption></figure>



<p>CAPE TOWN (Reuters) &#8211; South Africa’s lower house of parliament will vote on a motion of no-confidence in President Cyril Ramaphosa next week, the parliament said on Thursday, but the motion has little chance of succeeding.</p>



<p>The vote was requested by a small opposition party, the African Transformation Movement (ATM), which has only two seats in the 400-member National Assembly.</p>



<p>The parliament said in a statement that the vote would happen on Thursday, Dec. 3, by open ballot. Secret ballots can be held when the political atmosphere is deemed toxic.</p>



<p>The ATM’s leader did not respond to a Reuters request for comment about why his party wanted the no-confidence vote.</p>



<p>A spokeswoman for the parliamentary caucus of the governing African National Congress (ANC) party, which Ramaphosa leads and which has 230 seats in the National Assembly, declined to comment.</p>



<p>Ramaphosa’s spokesman did not answer his phone.</p>



<p>Ramaphosa has been head of state since February 2018 and has been trying to revive investor confidence in Africa’s most industrialised economy.</p>



<p>He has found it hard-going given infighting in the ANC and the weak state of public finances.</p>



<p>His predecessor, Jacob Zuma, survived many no-confidence votes before being ousted by Ramaphosa’s allies in the ANC executive, who believed scandals during Zuma’s nine-year tenure were damaging the reputation of the liberation movement of Nelson Mandela.</p>



<p>According to the constitution, a motion of no confidence in the president needs to be supported by a simple majority in the National Assembly to pass.</p>



<p>The largest opposition party, the Democratic Alliance, said it did not support the ATM motion. The Economic Freedom Fighters, the second-largest opposition group, said it would respond later.</p>



<p>Additional reporting by Lynette Ndabambi; Editing by Angus MacSwan and Nick Zieminski</p>


105500770-1539253589126gettyimages-909184932

South Africa’s Ramaphosa faces no-confidence vote next week

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<p>The launch of digital financial services in Africa led to an increase in the number of people accessing mobile money solutions where banks never established branches before like in rural villages. The access to mobile money services increase daily per capita consumption levels of households. Today, financial inclusion is a means to an end. Yolanda Cuba, Group Chief Digital and Fintech Officer at MTN joins CNBC Africa to discuss how digital financial inclusion can be a catalyst for equitable development and economic growth&#8230;.</p>


How digital financial inclusion can help drive equitable development & economic growth


<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1110" height="767" src="https://cms.cnbcafrica.com/wp-content/uploads/2020/11/2020-11-25T090341Z_1_LYNXMPEGAO0H0_RTROPTP_4_CANADA-POLITICS-1110x767.jpg" alt="" class="wp-image-392778" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2020/11/2020-11-25T090341Z_1_LYNXMPEGAO0H0_RTROPTP_4_CANADA-POLITICS-1110x767.jpg 1110w, https://cms.cnbcafrica.com/wp-content/uploads/2020/11/2020-11-25T090341Z_1_LYNXMPEGAO0H0_RTROPTP_4_CANADA-POLITICS-300x207.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2020/11/2020-11-25T090341Z_1_LYNXMPEGAO0H0_RTROPTP_4_CANADA-POLITICS-820x567.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2020/11/2020-11-25T090341Z_1_LYNXMPEGAO0H0_RTROPTP_4_CANADA-POLITICS-768x531.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2020/11/2020-11-25T090341Z_1_LYNXMPEGAO0H0_RTROPTP_4_CANADA-POLITICS-1536x1062.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2020/11/2020-11-25T090341Z_1_LYNXMPEGAO0H0_RTROPTP_4_CANADA-POLITICS-scaled.jpg 2048w" sizes="(max-width: 1110px) 100vw, 1110px" /><figcaption>Canada&#8217;s new Prime Minister Justin Trudeau (bottom row C) poses with his cabinet after their swearing-in ceremony at Rideau Hall in Ottawa November 4, 2015.  REUTERS/Chris Wattie TPX IMAGES OF THE DAY </figcaption></figure>



<p>(Thomson Reuters Foundation) &#8211; U.S. President-elect Joe Biden has pledged to appoint a diverse cabinet that &#8220;looks like America,&#8221; promising to bring more women into the top echelons of government.</p>



<p>The incoming Democrat has named Avril Haines to be director of national intelligence and Janet Yellen as secretary of the Department of Treasury &#8211; both would be the first women to hold those positions.</p>



<p>Biden&#8217;s promise of a more gender-balanced cabinet follows examples set in several countries spanning the globe.</p>



<p>Here are seven countries already leading the way:</p>



<h2 class="wp-block-heading" id="h-rwanda">RWANDA</h2>



<p>The small East African nation of Rwanda boasts by far the best record for female representation in politics.</p>



<p>Nearly two-thirds of parliamentary seats and 52% of cabinet positions are held by women. The speaker of the lower house of parliament is a woman, and female ministers hold portfolios which include information and communications technology and trade and industry.</p>



<p>The high participation of women is attributed to Rwanda&#8217;s 2003 constitution, drafted after the 1994 genocide, that mandates no less than 30% of political seats are held by women.</p>



<p>The Rwanda Women Parliamentary Forum, a cross-party women&#8217;s caucus, has helped expand the number of female-held seats with a strategy of having veteran lawmakers run for open seats and ushering in newcomers to reserved seats.</p>



<p>&#8220;Whenever women gain, we all gain as a country. There can be no true progress without equality,&#8221; tweeted Rwandan President Paul Kagame on International Women&#8217;s Day in March 2020.</p>



<h2 class="wp-block-heading" id="h-ethiopia">ETHIOPIA</h2>



<p>Ethiopia, Africa&#8217;s second most populous nation, has taken steps to increase gender parity in high-level government positions since Prime Minister Abiy Ahmed took office in 2018.</p>



<p>Former diplomat Sahle-Work Zewde was elected the first woman president in October 2018, and women&#8217;s rights lawyer Meaza Ashenafi was appointed its first female chief justice the following month.</p>



<p>Ahmed also downsized the 34-member cabinet to 20, with 45% of ministerial portfolios including transport, urban development and construction held by women.</p>



<h2 class="wp-block-heading" id="h-canada">CANADA</h2>



<p>Canada&#8217;s cabinet became gender-equal for the first time five years ago when newly elected Prime Minister Justin Trudeau introduced a 50/50 quota of men and women.</p>



<p>Asked why he made gender parity a priority, Trudeau said: &#8220;Because it&#8217;s 2015.&#8221;</p>



<p>The quota remains in place with 18 men and 18 women. The most senior woman is Chrystia Freeland, Trudeau&#8217;s deputy and Minister of Finance.</p>



<p>The 2015 appointees included Canada&#8217;s first indigenous justice minister and attorney general, Jody Wilson-RayBould. In 2019, however, she was kicked out of Trudeau&#8217;s Liberal Party after a falling out over the SNC Lavalin scandal, in which Trudeau was alleged to have pressured her to help the major engineering and construction company avoid a corruption trial.</p>



<h2 class="wp-block-heading" id="h-colombia">COLOMBIA</h2>



<p>When Colombia&#8217;s conservative president Ivan Duque took office in 2018, he appointed equal numbers of men and women to his cabinet in a first for the country, including the first women to hold the influential post of interior minister.</p>



<p>Currently, women hold six ministerial positions out of his 16-strong cabinet, and Marta Lucia Ramirez is Colombia&#8217;s first female vice president.</p>



<p>&#8220;It is important that the Colombian woman assumes leadership positions,&#8221; Duque said on social media.</p>



<p>While Latin America is known for its macho culture, there has been a generation of female heads of state since 2007 from Brazil&#8217;s Dilma Rousseff to Michelle Bachelet in Chile, Laura Chinchilla in Costa Rica and Cristina Fernandez in Argentina.</p>



<h2 class="wp-block-heading" id="h-south-africa">SOUTH AFRICA</h2>



<p>In June 2019, newly elected South African President Cyril Ramaphosa was praised when half of his appointed ministers were women for the first time in the country&#8217;s history.</p>



<p>This move was described by the ruling African National Congress party as &#8220;a good balance of youth, gender, geographical spread and experience.&#8221;</p>



<p>While 14 of the 28 ministerial positions were filled by women, 47% of the overall cabinet, including the president and his deputy, was female, falling just shy of an equal split.</p>



<p>Despite some criticism that the top positions such as president and deputy president are still filled by men, others say it is a step in the right direction in a country with one of the world&#8217;s highest femicide rates.</p>



<h2 class="wp-block-heading" id="h-iceland">ICELAND</h2>



<p>The tiny North Atlantic nation of Iceland has a long tradition of electing women as head of state, dating back to 1980 when Vigdís Finnbogadóttir became president. She served four terms, until 1996.</p>



<p>Iceland has had a female leader in 22 out of the past 50 years.</p>



<p>Prime Minister Katrin Jakobsdottir, Iceland&#8217;s second female leader, took power in 2017. Of the 10 ministerial posts, four are held by women, including the justice ministry.</p>



<h2 class="wp-block-heading" id="h-new-zealand">NEW ZEALAND</h2>



<p>Incumbent Prime Minister Jacinda Ardern won a landslide re-election in October and has built New Zealand&#8217;s most diverse parliament, with a record number of women and minorities.</p>



<p>There are eight women in the new 20-member cabinet, or 40%, falling short of Ardern&#8217;s goal of a gender balanced cabinet.</p>



<p>Still, women make up half of the top 10 cabinet positions, including the first female foreign minister, Nanaia Mahuta, an indigenous Maori woman with a distinct facial tattoo.</p>



<p>Ardern, who became the world&#8217;s youngest female head of government in 2017 at age 37, said her second-term cabinet represented &#8220;renewal&#8221; in a country that was the first to give women the right to vote in 1893.</p>



<p>(Reporting by Anastasia Moloney in Bogota; Nita Bhalla in Nairobi; Jack Graham in Toronto; Thin Lei Win in Rome; Kim Harrisberg in Johannesburg; Rina Chandran in Bangkok and Nellie Peyton in Dakar. Editing by Ellen Wulfhorst. Please credit the Thomson Reuters Foundation, the charitable arm of Thomson Reuters, that covers the lives of people around the world who struggle to live freely or fairly. Visit http://news.trust.org)</p>


Canada’s new Prime Minister Justin Trudeau poses with his cabinet after their swearing-in ceremony at Rideau Hall in Ottawa

Which countries shatter glass ceilings with gender-balanced cabinets?

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<p>The Forge Academy has launched a fully inclusive artificial intelligence laboratory in South Africa. The academy aims to prepare students for participation in the Fourth Industrial Revolution. Arthur Anderson, CEO &#038; Founder of Forge Academy joins CNBC Africa for more.</p>


Forge Academy launches lab to prepare students for 4IR

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<p>Kaap Agri has reported a 2.2 per cent decrease in headline earnings per share. This is for the year ended September.</p>


Kaap Agri reports 2.2% drop in headline earnings

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<p>KCB Group is in the process of acquiring a 62 per cent stake in BPR Atlas Mara in Rwanda. What does this deal mean to the two banks as well as their clientele? Cytonn Investment Analyst, Rodney Omukhulu joins CNBC Africa for more.</p>


KCB Group to acquire Rwanda’s BPR Atlas Mara

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<p>The recently created Afreximbank fund for export development in Africa also known as FEDA has a primary goal of supporting Africa&#8217;s exports markets, CNBC Africa spoke to the fund’s CEO, Philip Kamau on this and the decision to have the fund’s headquarters in Kigali.</p>


Afreximbank’s FEDA fund to support AfCFTA goals

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<p>The International Air Transport Association has published its revised outlook for the airline industry for 2020. The global net loss estimate has increased by 41 per cent, compared to the forecast in June. With the re-opening of borders and a possibility of a vaccine, performance is expected to see a turn for the better in 2021. Joining CNBC Africa to unpack those estimates is Muhammad Albakri, Regional Vice President for Africa &#038; the Middle East, International Air Transport Association.</p>


A long and difficult journey lies ahead for aviation industry hit hard by COVID-19


<div class="wp-block-image"><figure class="aligncenter 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></div>



<p>NAIROBI, Nov 25 (Reuters) &#8211; Kenya’s economic growth is expected to bounce back next year, the World Bank said on Wednesday, as it emerges from a projected decline in output this year caused by the coronavirus crisis.</p>



<p>East Africa’s biggest economy is expected to contract by 1.0-1.5% this year as the COVID-19 pandemic pushes 2 million people into poverty and takes a toll on the government’s finances, the World Bank said in a new report.</p>



<p>“The economy is projected to rebound relatively quickly in 2021, lifting real GDP by 6.9% year on year,” the bank said in its twice a year review of the Kenyan economy, boosted by the resumption of learning in all educational institutions in January.</p>



<p>The government forecast 6.4% growth next year.</p>



<p>The World Bank said its forecast for growth in 2021 still faced significant risks, including the uncertainty around the length and severity of the pandemic, unpredictable weather conditions and the pace of the global economic recovery.</p>



<p>Kenya’s economy contracted by 0.4% in the first half of this year, compared with an expansion of 5.4% a year earlier.</p>



<p>The bank said the pandemic increased poverty by 4 percentage points as incomes dropped and people were laid off from work.</p>



<p>“The unemployment rate increased sharply, approximately doubling to 10.4% in the second quarter,” it said, citing official data.</p>



<p>Kenya’s total debt jumped to 65.6% of gross domestic product in June this year from 62.4% a year earlier, the World Bank said, as the fiscal deficit widened.</p>



<p>The bank urged the government to take advantage of debt service relief offered by richer nations, to free up liquidity that would have gone into repayments.</p>



<p>Finance Minister Ukur Yatani told Reuters last week that the government planned to make a final decision soon on joining the G20’s Debt Service Suspension Initiative (DSSI), aimed at helping poor countries weather the pandemic.</p>



<p>“As economic conditions allow, policy should progressively prioritise returning to a medium-term fiscal consolidation path,” the World Bank said. (Reporting by Duncan Miriri; Editing by Edmund Blair)</p>


Newsletter

Nigeria market watch: NSE All-share Index up 29.9% YTD

COVID-19 lockdown: Nigeria’s manufacturers welcome plan to reopen land borders

How The U.S. Plans To Distribute Covid-19 Vaccines

As Nextdoor’s Growth Soars, It Struggles With Racism On The App

Zimborders Consortium secures $296mn funding to upgrade Beitbridge border post

GBY on how young Black people are changing the narrative one story a time

Rwanda, Korea sign bilateral air services agreement

Is there a need for skills reset on the continent?

South Africa’s Ramaphosa faces no-confidence vote next week

How digital financial inclusion can help drive equitable development & economic growth

Which countries shatter glass ceilings with gender-balanced cabinets?

Forge Academy launches lab to prepare students for 4IR

Kaap Agri reports 2.2% drop in headline earnings

KCB Group to acquire Rwanda’s BPR Atlas Mara

Afreximbank’s FEDA fund to support AfCFTA goals

A long and difficult journey lies ahead for aviation industry hit hard by COVID-19

Kenya’s economic growth to rebound next year, World Bank says

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Nigeria market watch: NSE All-share Index up 29.9% YTD

COVID-19 lockdown: Nigeria’s manufacturers welcome plan to reopen land borders

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Zimborders Consortium secures $296mn funding to upgrade Beitbridge border post

GBY on how young Black people are changing the narrative one story a time

Rwanda, Korea sign bilateral air services agreement

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South Africa’s Ramaphosa faces no-confidence vote next week

How digital financial inclusion can help drive equitable development & economic growth

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Forge Academy launches lab to prepare students for 4IR

Kaap Agri reports 2.2% drop in headline earnings

KCB Group to acquire Rwanda’s BPR Atlas Mara

Afreximbank’s FEDA fund to support AfCFTA goals

A long and difficult journey lies ahead for aviation industry hit hard by COVID-19

Kenya’s economic growth to rebound next year, World Bank says

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