<p><iframe loading="lazy" src="https://www.youtube.com/embed/xGO7r-w0NLc" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Fostering network opportunities, facilitating trade deals and forging international partnerships, the U.S.-Africa Business Summit returns for its 16th edition. Returning to United States soil, this summit will be attracting heads of states and investors from both the U.S and Africa. This Focus On special will highlight some key areas of interest at this year’s summit.</p>


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Focus On US-Africa Business Summit 2024

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<p>Investors have their attention fixed on today’s 150 billion-naira T-bills auction keeping the market calm. Meanwhile, Traders at UBA say improved demand is observed on the March 2027 bond. Kenneth Onuoha, Team Member, Assets and Liabilities at UBA joins CNBC Africa for more market movement.</p>


DMO conducts ₦149.6bn T-bills auction

<p><iframe loading="lazy" src="https://www.youtube.com/embed/o6RkEWV1oAQ" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>A number of developing countries look to tourism as an avenue for economic development. CNBC Africa speaks to Joy Priya Somasundram, Principal: FDI Strategies at the Financial Times and Dianna Martin, Acting Chief Executive Officer, Northern Cape Tourism Authority on how Africa can unlock opportunities for growth in this sector.</p>


Focus On: Africa’s Tourism Investment Case

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<p>Foreign Direct Investment in Africa declined to $45 billion in 2022 from a record $80 billion in the previous year. The 4th Africa Finance Corporation Country and Stakeholder Symposium gathered thought leaders, decision makers and key stakeholders on how to prevent any further capital in Africa to exit.</p>


CSS 2024: 4th Africa Finance Corporation Country & Stakeholder Symposium

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<p>The Government of Ghana is giving out about 1.3 million educational tablets to students in Senior High schools, as part of the Ghana Smart Schools Project. The government will also construct 100 Smart Schools to provide modern learning environment and digital training in all 16 regions of the country.</p>


Ghana Smart Schools Project Launch

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<p>Tourism, a vital contributor to the economies of many countries around the world, could be a possible solve to Africa&#8217;s economic challenges. CNBC Africa speaks to Dr Geoffrey Manyara, economic Affairs Officer for the United Nations Economic Commission for Africa for more.</p>


Focus On: Expanding Africa’s Tourism Horizon


<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="453" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/04/Tourism-Transcribe-Image-820x453.png" alt="" class="wp-image-475298" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/04/Tourism-Transcribe-Image-820x453.png 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/04/Tourism-Transcribe-Image-300x166.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/04/Tourism-Transcribe-Image-160x88.png 160w, https://cms.cnbcafrica.com/wp-content/uploads/2024/04/Tourism-Transcribe-Image-768x424.png 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/04/Tourism-Transcribe-Image.png 989w" sizes="(max-width: 820px) 100vw, 820px" /></figure>



<p>The introduction of the&nbsp;long awaited <strong>e-visa system</strong>&nbsp;is a significant step, although it’s still a work in progress. Implemented just&nbsp;<strong>two years ago</strong><strong>,</strong> the system is improving, despite encountering some challenges on a backlog in converting the paper-based system to a computerised one.</p>



<p>The Deputy Minister of Tourism to South Africa, Amos Fish Mahlalela told CNBC Africa that his ministry is making strides in enhancing accessibility through the introduction of the e-visa system: “It might not be 100% to where we want it to be, but it&#8217;s in the making, because it&#8217;s something that we&#8217;ve just introduced two years ago, so it is in the making, and it&#8217;s gradually improving.’’</p>



<p>According to Statistics South Africa, foreign arrivals dropped by 71% from just over 15,8million in 2019 to less than 5 million in 2020. It is evident that the COVID-19 pandemic impacted the tourism industry around the world and in South Africa, mainly due to the lockdown and travel restrictions that were imposed.</p>



<p>“After the whole world was hit by the COVID-19, we then developed a tourism sector recovery master plan, which was aimed at making sure that when everything was opened, we were able to rejuvenate the tourism industry by making sure that we intensify our marketing strategy, to make sure that we intensify our investment strategy, we make sure that we increase our visitors into South Africa and be able to go back to pre-pandemic,” Mahlalela said.</p>



<p>Today marks the kick-off of the 2<sup>nd</sup> edition of the Investment Forum Africa in Cape Town under the theme: Unlocking Intra Africa Tourism Investment, Building Long Term Sustainability and Resilience.</p>



<p>“We&#8217;ve established the investment portfolio and the investment strategy, not just for the tourism sector, but for South Africa as a whole in terms of various business opportunities that the country is able to offer,” he said.</p>



<p>The 2-day conference will seek to promote investments and trade opportunities within tourism and related sectors.</p>


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Introduction of the e-visa system still a work in progress

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<p>Professor Lethohkwa George Mpedi, Vice Chancellor of the University of Johannesburg talks to Jill de Villiers about his book: From the Baobab to the Mosquito: Rethinking Leadership Through African Sayings.</p>


From the Baobab to the Mosquito: Rethinking Leadership Through African Sayings by Professor Mpedi

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<p>This episode of Focus On spotlights RBIDZ Special Economic Zone&#8217;s mandate in attracting foreign and domestic investment and creating employment. CNBC Africa speaks to a titanium dioxide pigment manufacturer located in the RBIDZ special economic zone, Nyanza Light Metals, about their growth strategy and approach to improving the region&#8217;s skills base.</p>


Focus On: The Nyanza Light Metals’ Growth Story through Richards Bay Industrial Development Zone

<p><iframe loading="lazy" src="https://www.youtube.com/embed/gsYNfILD93k" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Join President Amie Batson on Focus On: WomenLift Health Conference as she highlights the overarching goal of the conference and reasons why the conversation on women&#8217;s leadership in global health is particularly timely and critical for driving innovation, equity, and sustainability in the global health sector.</p>


WomenLift Health Conference 2024: Advancing women in leadership roles in healthcare

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<p>Catch the insightful panel discussion on CNBC Africa, where experts dissect strategies and opportunities for fostering services exchange between Rwanda and Zimbabwe, as highlighted during the Rwanda-Zimbabwe Business Forum.</p>


Rwanda-Zimbabwe Business Forum: Fostering services exchange between Rwanda & Zimbabwe

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<p>In this episode of Focus On: The WomenLift Health Conference, join Norah Obudho, East Africa Director, as she provides exclusive insights into the region&#8217;s contributions and the conference&#8217;s impact on local healthcare leadership.</p>


Focus On: The WomenLift Health Conference: Local Healthcare leadership

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<p>On the story of the day &#8211; Sahara Group looks to wind turbines at the Egbin Power plant in Lagos to reduce carbon emissions. Using the operational potential of the 15 wind turbines installed at Egbin Power, the company says they would reduce an estimated 35,793,360g of CO2 annually,”</p>


Sahara Group looks to wind turbines to reduce carbon emissions

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<p>The use of Artificial Intelligence (AI) in education has seen an increase in recent years. The rapid development of this new technology is having a major impact on education. In this edition of Edtech Mondays we will talk about the applications and benefits of AI in the education sector, the necessary implementation frameworks, the policy support and also seek to hear from the end users on the impact AI has or would have.</p>


EdTech Monday: Artificial Intelligence in Education

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<p>On the side-lines of the Rwanda-Zimbabwe Business Forum, dignitaries gathered for a Panel Discussion on Enhancing Business Linkages Between Rwanda &#038; Zimbabwe, Unveiling Opportunities on CNBC Africa.</p>


Rwanda-Zimbabwe Business Forum: Enhancing business linkages between Rwanda & Zimbabwe


<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="460" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/04/UK-Funds-Africa-Transcribe-Image-820x460.png" alt="" class="wp-image-474553" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/04/UK-Funds-Africa-Transcribe-Image-820x460.png 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/04/UK-Funds-Africa-Transcribe-Image-300x168.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/04/UK-Funds-Africa-Transcribe-Image-160x90.png 160w, https://cms.cnbcafrica.com/wp-content/uploads/2024/04/UK-Funds-Africa-Transcribe-Image-768x431.png 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/04/UK-Funds-Africa-Transcribe-Image.png 992w" sizes="(max-width: 820px) 100vw, 820px" /></figure>



<p>The United Kingdom is backing investment of more than $300 million in South Africa’s green energy transition as the country struggles to end power shortages that nearly tipped its economy into a recession last year.</p>



<p>The UK’s High Commissioner to South Africa Antony Phillipson said the funding through Globeleq, is part of the UK’s $1.8 billion commitment to finance South Africa’s renewables programme under the country’s Just Energy Transition Partnership. Globeleq is majority owned by British International Investment, the UK’s development finance arm.</p>



<p>&#8220;This is a significant investment in South Africa’s future,&#8221; Phillipson told CNBC Africa. &#8220;This will be the biggest standalone battery energy storage system anywhere in Africa and it will also make, as you say, a really significant contribution, I think, to South Africa&#8217;s Just Energy Transition.&#8221;</p>



<p>South Africa has suffered power shortages for the past three years, with the economy almost contracting last year. The government projects the shortages should ease later this year into 2025. The UK is part of a group of Western nations that have committed $8.5 billion to help South Africa’s transition from fossil fuelled power to renewables.</p>



<p>Globeleq says the Red Sand project, which is based in the Northern Cape, will be the largest standalone battery energy storage system in Africa. Globeleq already provides some 1,800 MW of energy in South Africa, Mozambique, Kenya, Tanzania, Cote d’Ivoire, Egypt and Cameroon.</p>



<p>The project is expected to take two years to complete.</p>



<p>&#8220;Electricity storage is going to be key not only in helping South Africa meet its considerable industrial and domestic demand for energy but also across Africa as more renewable energy projects benefit from the advances our industry has made with battery energy storage solution technology,&#8221; Mike Scholey, Globeleq CEO said in a statement.</p>


UK-Funds-Africa-Transcribe-Image

UK Funds Africa’s largest battery storage system in South Africa

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<p>Highlights of some of the unforgettable moments for the FORBES WOMAN AFRICA Leading Women Summit 2024. We bring you empowering discussions and inspiring talks by trailblazing women from across the continent and the world.</p>


CNBC Africa

Focus On US-Africa Business Summit 2024

DMO conducts ₦149.6bn T-bills auction

Focus On: Africa’s Tourism Investment Case

CSS 2024: 4th Africa Finance Corporation Country & Stakeholder Symposium

Ghana Smart Schools Project Launch

Focus On: Expanding Africa’s Tourism Horizon

Introduction of the e-visa system still a work in progress

From the Baobab to the Mosquito: Rethinking Leadership Through African Sayings by Professor Mpedi

Focus On: The Nyanza Light Metals’ Growth Story through Richards Bay Industrial Development Zone

WomenLift Health Conference 2024: Advancing women in leadership roles in healthcare

Rwanda-Zimbabwe Business Forum: Fostering services exchange between Rwanda & Zimbabwe

Focus On: The WomenLift Health Conference: Local Healthcare leadership

Sahara Group looks to wind turbines to reduce carbon emissions

EdTech Monday: Artificial Intelligence in Education

Rwanda-Zimbabwe Business Forum: Enhancing business linkages between Rwanda & Zimbabwe

UK Funds Africa’s largest battery storage system in South Africa

Highlights Special of the 9th FORBES WOMAN AFRICA Leading Women Summit

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Advertise With Us

CNBC Africa

Focus On US-Africa Business Summit 2024

DMO conducts ₦149.6bn T-bills auction

Focus On: Africa’s Tourism Investment Case

CSS 2024: 4th Africa Finance Corporation Country & Stakeholder Symposium

Ghana Smart Schools Project Launch

Focus On: Expanding Africa’s Tourism Horizon

Introduction of the e-visa system still a work in progress

From the Baobab to the Mosquito: Rethinking Leadership Through African Sayings by Professor Mpedi

Focus On: The Nyanza Light Metals’ Growth Story through Richards Bay Industrial Development Zone

WomenLift Health Conference 2024: Advancing women in leadership roles in healthcare

Rwanda-Zimbabwe Business Forum: Fostering services exchange between Rwanda & Zimbabwe

Focus On: The WomenLift Health Conference: Local Healthcare leadership

Sahara Group looks to wind turbines to reduce carbon emissions

EdTech Monday: Artificial Intelligence in Education

Rwanda-Zimbabwe Business Forum: Enhancing business linkages between Rwanda & Zimbabwe

UK Funds Africa’s largest battery storage system in South Africa

Highlights Special of the 9th FORBES WOMAN AFRICA Leading Women Summit

News Tips

Advertise With Us

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