African airlines take off with clipped wings

The global top 100 companies have continued to outperform industry peers even amid the market volatility caused by Covid-19. Microsoft, Apple Netflix and Tesla are amongst those who have seen increased market capitalisation during Covid-19, joining CNBC Africa for more is Alice Tomdio, Director of Capital Markets at PwC Nigeria.

The COVID-19 pandemic brought everyday air traffic to a halt. But African airlines are preparing to take to the skies once more. Many airlines are facing a difficult path ahead to stay competitive.

FG proposes N2.3trn to boost mining, other sectors ahead of Covid-19 pandemic

Globally many thousands of seafarers are stuck on their ships. They cannot go home because of the coronavirus crisis and the situation is creating a backlog in the global shipping industry.

Three of the largest banks in the United States have dramatically increased their reserves to cover losses from unpaid loans. JP Morgan, Wells Fargo and Citigroup have together set aside $28 billion to cover bad debts in the three months from April to June. The lenders are expecting the damage from this crisis to be protracted, and unemployment in the US to remain over 10 percent until the end of the year, with knock-on effects on the repayment of loans from households and businesses.

The number of deaths linked to COVID-19 have risen sharply in Brazil. With many of the rituals surrounding death and grief prohibited due to the pandemic, people are finding new ways to mourn lost loved ones.

The ban on film production in Nigeria has partially eased, but strict guidelines are in place to avoid the spread of coronavirus, meaning big changes to procedures on-set. Producers now work with very limited crew and actors, with the production team for one sitcom scaling down from 70 crew members to 12.

As the world continues to grapple with the impact of the COVID-19 pandemic, the value chains across the oil and gas industry have not been left out, as Nigeria suffered a 60.5 per cent decline in crude oil exports in the second quarter. Amy Jadesimi, Managing Director and CEO of Ladol joins CNBC Africa for more.

Civilians accounted for most of the more than 5,000 landmine deaths and injures recorded last year, according to the 2020 Landmine Monitor report. Myanmar, says the report, is the only state actor actively planting them.

Alan Sinfield, the Chief Executive Officer of 9Mobile speaks to GuardianTV exclusively on customer growth, competition, COVID-19 response, and how the pandemic actually affected their revenue.

Amid falling prices of raw materials, recession, and now COVID-19, Africa is in serious trouble as debt burden grows. Zambia is on the brink of defaulting on its foreign debt as a so-called grace period expires. 

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