https://www.spreaker.com/show/newscast-africa
Earn $SYBL as you listen by signin up on: https://tse.sybel.io/A278C25DD9]]>enNewsCopyright Africa Business Radiohttps://d3wo5wojvuv7l.cloudfront.net/t_rss_itunes_square_1400/images.spreaker.com/original/b527cdd734842c803867d8287dd2c82c.jpghttps://www.spreaker.com/show/newscast-africaTue, 26 Aug 2025 12:02:29 +0000Africa Business RadioAfrica Business Radioinfo@africabusinessradio.comWe bring you various leading news from across Africa, on business, economy, market, and politics. Towards A Profitable Africa. Earn $SYBL as you listen by signin up on: https://tse.sybel.io/A278C25DD9
Earn $SYBL as you listen by signin up on: https://tse.sybel.io/A278C25DD9]]>yesepisodichttps://www.spreaker.com/episode/elon-musk-calls-for-pause-in-ai-development--53399553An Open Letter,” 1,332 signatories, including Musk, and Apple’s co-founder Steve Wozniak, called on AI labs to pause the training of advanced AI systems for at least six months.
The letter sounded a note of warning regarding the possible costs of the continued creation of “AI systems with human-competitive intelligence
The signatories raised the alarm that AI systems were currently poised to automate human jobs, flood information channels with untruths, and ultimately replace the human race.]]>https://api.spreaker.com/episode/53399553Fri, 31 Mar 2023 08:27:39 +0000Africa Business RadioTesla CEO, Elon Musk, has joined several others in calling for the temporary halt of Artificial Intelligence experimentation. An Open Letter,” 1,332 signatories, including Musk, and Apple’s co-founder Steve Wozniak, called on AI labs to pause the...An Open Letter,” 1,332 signatories, including Musk, and Apple’s co-founder Steve Wozniak, called on AI labs to pause the training of advanced AI systems for at least six months.
The letter sounded a note of warning regarding the possible costs of the continued creation of “AI systems with human-competitive intelligence
The signatories raised the alarm that AI systems were currently poised to automate human jobs, flood information channels with untruths, and ultimately replace the human race.]]>65africa_business_radio,elon_musk,newscleanfullhttps://www.spreaker.com/episode/charles-iii-to-address-german-parliament-in-state-visit--53399560Germany marks the first trip abroad for Charles since ascending the throne and is being interpreted as a “strong gesture” to build post-Brexit ties with the continent.
Arriving for his three-day trip on Wednesday, he and Queen Consort Camilla were greeted with military honours at the Brandenburg Gate, the first time the iconic site had lent the backdrop for such a ceremony.
The two countries’ joint support for Ukraine in its battle against Russia’s unprovoked aggression epitomised their commitment to “protecting and advancing shared democratic values.]]>https://api.spreaker.com/episode/53399560Fri, 31 Mar 2023 08:25:20 +0000Africa Business RadioBritain’s Charles III will address the German parliament on Thursday, becoming the first monarch to do so, on the occasion of his inaugural state visit as king. Germany marks the first trip abroad for Charles since ascending the throne and is being...Germany marks the first trip abroad for Charles since ascending the throne and is being interpreted as a “strong gesture” to build post-Brexit ties with the continent.
Arriving for his three-day trip on Wednesday, he and Queen Consort Camilla were greeted with military honours at the Brandenburg Gate, the first time the iconic site had lent the backdrop for such a ceremony.
The two countries’ joint support for Ukraine in its battle against Russia’s unprovoked aggression epitomised their commitment to “protecting and advancing shared democratic values.]]>62africa_business_radio,newscleanfullhttps://www.spreaker.com/episode/us-raises-visa-fees-for-students-visitors--53399557The increment, published in the Federal Register on March 28, 2023, will be effective from May 30, 2023.
The US government in the document says, “The fee for B-1/B-2 visitor visas, Border Crossing Cards for Mexican citizens aged 15 and above, and student and exchange visitor visas will increase from $160 to $185. Also, the fee for certain petition-based non-immigrant visas for temporary workers (H, L, O, P, Q, and R categories) will increase from $190 to $205.
It says the NIV fees are set based on the actual cost of providing NIV services and are determined after conducting a study of the cost of such services.]]>https://api.spreaker.com/episode/53399557Fri, 31 Mar 2023 08:21:59 +0000Africa Business RadioThe United States has announced hikes in fees for certain Non-Immigrant Visa application processing fees. The increment, published in the Federal Register on March 28, 2023, will be effective from May 30, 2023. The US government in the document...The increment, published in the Federal Register on March 28, 2023, will be effective from May 30, 2023.
The US government in the document says, “The fee for B-1/B-2 visitor visas, Border Crossing Cards for Mexican citizens aged 15 and above, and student and exchange visitor visas will increase from $160 to $185. Also, the fee for certain petition-based non-immigrant visas for temporary workers (H, L, O, P, Q, and R categories) will increase from $190 to $205.
It says the NIV fees are set based on the actual cost of providing NIV services and are determined after conducting a study of the cost of such services.]]>68africa_business_radio,news,u.scleanfullhttps://www.spreaker.com/episode/south-sudan-leader-appoints-new-defence-minister--53399551The appointment of Gen Chol Thon Balok has announced in a presidential decree read on the national broadcaster, the South Sudan Broadcasting Corporation (SSBC), on Wednesday night.
Gen Thon is from the Sudan People’s Liberation Movement (SPLM) of President Salva Kiir
Ms Teny is from the Sudan People’s Liberation Movement in Opposition (SPLM-IO) of First Vice-President, Riek Machar.

]]>https://api.spreaker.com/episode/53399551Fri, 31 Mar 2023 08:19:32 +0000Africa Business RadioSouth Sudan’s President Salva Kiir has appointed a new defence minister replacing Angelina Teny, who he sacked earlier this month. The appointment of Gen Chol Thon Balok has announced in a presidential decree read on the national broadcaster, the...The appointment of Gen Chol Thon Balok has announced in a presidential decree read on the national broadcaster, the South Sudan Broadcasting Corporation (SSBC), on Wednesday night.
Gen Thon is from the Sudan People’s Liberation Movement (SPLM) of President Salva Kiir
Ms Teny is from the Sudan People’s Liberation Movement in Opposition (SPLM-IO) of First Vice-President, Riek Machar.

]]>48africa,africa_business_radio,newscleanfullhttps://www.spreaker.com/episode/nigeria-s-institute-of-credit-administration-inaugurates-governance-committees--53399552A statement said that during the inauguration event in Lagos, the president thanked its members for accepting to serve the institute voluntarily, honourably, and consciously through the various committees.
The committees are the education, training and research committee, membership and subscription committee, publication and events committees, government, and corporate relations committees.
According to him, the committees are key to the successful operation of the National Institute of Credit Administration.]]>https://api.spreaker.com/episode/53399552Fri, 31 Mar 2023 08:14:32 +0000Africa Business RadioThe President of the National Institute of Credit Administration, Mr Andy Ojei, has announced the inauguration of committees set up by the governing council of the institute. A statement said that during the inauguration event in Lagos, the president...A statement said that during the inauguration event in Lagos, the president thanked its members for accepting to serve the institute voluntarily, honourably, and consciously through the various committees.
The committees are the education, training and research committee, membership and subscription committee, publication and events committees, government, and corporate relations committees.
According to him, the committees are key to the successful operation of the National Institute of Credit Administration.]]>59africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-government-begins-registration-of-medical-laboratories--53399554Dr Tosan Erhabor, the Registrar of the Medical Laboratory Science Council of Nigeria made this known in Abuja at a meeting with stakeholders and the agency’s consultants on automation led by Prof. Effiong Akpan of the University of Calabar.
He called on stakeholders to avail themselves of the great opportunities offered by the new framework to enhance service delivery.
Erhabor said that the registration would scale up efficiency, effectiveness, transparency, speed of service delivery, as well as data collation and management.
]]>https://api.spreaker.com/episode/53399554Fri, 31 Mar 2023 08:11:50 +0000Africa Business RadioThe Federal Government began an online registration of medical laboratories in Nigeria to enhance service delivery. Dr Tosan Erhabor, the Registrar of the Medical Laboratory Science Council of Nigeria made this known in Abuja at a meeting with...Dr Tosan Erhabor, the Registrar of the Medical Laboratory Science Council of Nigeria made this known in Abuja at a meeting with stakeholders and the agency’s consultants on automation led by Prof. Effiong Akpan of the University of Calabar.
He called on stakeholders to avail themselves of the great opportunities offered by the new framework to enhance service delivery.
Erhabor said that the registration would scale up efficiency, effectiveness, transparency, speed of service delivery, as well as data collation and management.
]]>60africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/dangote-industries-completes-n200bn-bond-listing--53399555The Chief Executive Officer, Dangote Industries Limited, Mr Olakunle Alake, speaking at the closing-gong ceremony to commemorate the listing of the bond held at the Exchange on Wednesday, expressed delight after the listing.
Alake, who was represented by the Group’s Chief Finance Officer, Mustapha Ibrahim further noted that the listing of the bond recorded participation from a wide range of investors including domestic pension funds, asset managers and insurance companies and further demonstrates investors’ confidence in Nigeria’s credit reality.
The listing is the largest aggregate local currency bond issued in the capital market so far, within the year.]]>https://api.spreaker.com/episode/53399555Fri, 31 Mar 2023 08:08:09 +0000Africa Business RadioDangote Industries has completed its listing of the firm’s N200bn series 1 and 2 Bonds on Nigerian Exchange Limited. The Chief Executive Officer, Dangote Industries Limited, Mr Olakunle Alake, speaking at the closing-gong ceremony to commemorate the...The Chief Executive Officer, Dangote Industries Limited, Mr Olakunle Alake, speaking at the closing-gong ceremony to commemorate the listing of the bond held at the Exchange on Wednesday, expressed delight after the listing.
Alake, who was represented by the Group’s Chief Finance Officer, Mustapha Ibrahim further noted that the listing of the bond recorded participation from a wide range of investors including domestic pension funds, asset managers and insurance companies and further demonstrates investors’ confidence in Nigeria’s credit reality.
The listing is the largest aggregate local currency bond issued in the capital market so far, within the year.]]>66africa_business_radio,bond_listing,dangote,nigeriacleanfullhttps://www.spreaker.com/episode/utah-to-limit-teen-social-media-access--53366595The governor says he signed the two sweeping measures to protect young people in the state.
The bills will give parents full access to their children's online accounts, including posts and private messages.
The move comes amidst heightened concern over the impact of social media on children's mental health.
The bills also impose a social media curfew that blocks children's access between 22:30 and 06:30, unless adjusted by their parents.]]>https://api.spreaker.com/episode/53366595Tue, 28 Mar 2023 15:20:12 +0000Africa Business RadioUtah has become the first US state to require social media firms get parental consent for children to use their apps and verify users are at least 18. The governor says he signed the two sweeping measures to protect young people in the state. The...The governor says he signed the two sweeping measures to protect young people in the state.
The bills will give parents full access to their children's online accounts, including posts and private messages.
The move comes amidst heightened concern over the impact of social media on children's mental health.
The bills also impose a social media curfew that blocks children's access between 22:30 and 06:30, unless adjusted by their parents.]]>57africa_business_radio,news,social_media,utahcleanfullhttps://www.spreaker.com/episode/us-and-canada-reach-deal-to-reject-asylum-seekers--53366598US President Joe Biden and Canadian PM Justin Trudeau will announce the pact on Friday during Mr Biden's visit to Ottawa.
The accord is expected to allow officials on both sides of the border to turn back such asylum seekers heading in either direction.
Canada will create a new refugee programme for 15,000 migrants fleeing persecution and violence in South and Central America.]]>https://api.spreaker.com/episode/53366598Tue, 28 Mar 2023 15:18:52 +0000Africa Business RadioThe US and Canada have reached a deal to reject asylum seekers at unofficial border crossings, officials say. US President Joe Biden and Canadian PM Justin Trudeau will announce the pact on Friday during Mr Biden's visit to Ottawa. The accord is...US President Joe Biden and Canadian PM Justin Trudeau will announce the pact on Friday during Mr Biden's visit to Ottawa.
The accord is expected to allow officials on both sides of the border to turn back such asylum seekers heading in either direction.
Canada will create a new refugee programme for 15,000 migrants fleeing persecution and violence in South and Central America.]]>52africa_business_radio,asylum_seeker,canada,news,u.scleanfullhttps://www.spreaker.com/episode/kenya-proposes-law-changes-to-restrict-protests--53366597The constitution gives Kenyans the right to assemble, demonstrate and picket, but the participants must be peaceful and unarmed.
The changes proposed by the ministry seek to limit the number of people holding protests on any occasion and make protesters pay the costs of cleaning up.
Protesters must also seek consent from the people affected by the protests.
The demonstrators will also be liable for paying damages to those harmed by their activities.
The interior ministry also seeks the demarcation of areas where people can assemble and hold protests.]]>https://api.spreaker.com/episode/53366597Tue, 28 Mar 2023 15:16:58 +0000Africa Business RadioKenya’s interior ministry is proposing changes to security laws that will make it more difficult for people to hold protests. The constitution gives Kenyans the right to assemble, demonstrate and picket, but the participants must be peaceful and...The constitution gives Kenyans the right to assemble, demonstrate and picket, but the participants must be peaceful and unarmed.
The changes proposed by the ministry seek to limit the number of people holding protests on any occasion and make protesters pay the costs of cleaning up.
Protesters must also seek consent from the people affected by the protests.
The demonstrators will also be liable for paying damages to those harmed by their activities.
The interior ministry also seeks the demarcation of areas where people can assemble and hold protests.]]>59africa_business_radio,kenya,news,protestcleanfullhttps://www.spreaker.com/episode/us-urged-to-respect-ugandan-sovereignty-over-anti-gay-bill--53366594The US government says there could be repercussions should the measure be signed into law by President Yoweri Museveni.
MP Charles Ayume says that Uganda's sovereignty should be respected. He added that there were things he objected to in the US, but he did not want to interfere in the politics of that country.
Dr Ayume says that in backing the measure, he was representing the views of his constituents.]]>https://api.spreaker.com/episode/53366594Tue, 28 Mar 2023 15:15:14 +0000Africa Business RadioA Ugandan MP who voted in favour of a bill that targets homosexual people has told the BBC that if the US withdrew funding in protest it would amount to modern genocide. The US government says there could be repercussions should the measure be signed...The US government says there could be repercussions should the measure be signed into law by President Yoweri Museveni.
MP Charles Ayume says that Uganda's sovereignty should be respected. He added that there were things he objected to in the US, but he did not want to interfere in the politics of that country.
Dr Ayume says that in backing the measure, he was representing the views of his constituents.]]>54africa,africa_business_radio,anti_gay_bill,news,uganda,u.scleanfullhttps://www.spreaker.com/episode/meta-barred-from-sacking-facebook-moderators-in-kenya--53366596The labour court also barred Meta and its outsourcing firm, Sama, from hiring other moderators to replace the sacked ones.
The lawsuit was filed by 43 Facebook moderators in Kenya, hired by Sama on behalf of Meta. They allege that the redundancy exercise being undertaken was unlawful.]]>https://api.spreaker.com/episode/53366596Tue, 28 Mar 2023 15:12:33 +0000Africa Business RadioA court in Kenya's capital Nairobi has barred Meta, Facebook's parent company, from laying off its content moderators pending the determination of a lawsuit that is challenging their planned dismissal. The labour court also barred Meta and its...The labour court also barred Meta and its outsourcing firm, Sama, from hiring other moderators to replace the sacked ones.
The lawsuit was filed by 43 Facebook moderators in Kenya, hired by Sama on behalf of Meta. They allege that the redundancy exercise being undertaken was unlawful.]]>48africa_business_radio,imf,news,taxcleanfullhttps://www.spreaker.com/episode/tax-incentives-infrastructure-key-to-industrialisation--53366600The Washington-based lender noted that when implementing industrial policy as part of their growth strategy, countries were often faced with competing objectives, such as securing sustainable economic growth, maintaining financial and fiscal stability, and establishing national champions.
The report says establishing national champions was often a distinct objective of a nation’s growth strategy.]]>https://api.spreaker.com/episode/53366600Tue, 28 Mar 2023 15:11:01 +0000Africa Business RadioThe International Monetary Fund says that subsidies, tax incentives, infrastructure development and protective regulations will help fast-track the growth of industries in Nigeria and other emerging market economies. The Washington-based lender noted...The Washington-based lender noted that when implementing industrial policy as part of their growth strategy, countries were often faced with competing objectives, such as securing sustainable economic growth, maintaining financial and fiscal stability, and establishing national champions.
The report says establishing national champions was often a distinct objective of a nation’s growth strategy.]]>55africa_business_radio,news,taxcleanfullhttps://www.spreaker.com/episode/nigeria-s-executive-council-approves-over-n4bn-to-build-ndlea-barracks--53366593The Attorney General of the Federation and Minister of Justice, Abubakar Malami says the project became necessary because of the unprecedented threats and attacks on personnel, officers, men and other ranks of the agency.
He says the need has arisen for the Federal Government to consider the possibility of security measures that will now provide the prerequisite protection to the officers and men of the agency for commission.]]>https://api.spreaker.com/episode/53366593Tue, 28 Mar 2023 15:08:11 +0000Africa Business RadioThe Federal Executive Council has approved over four billion nairas for the construction of barracks to accommodate the personnel of the National Drug Law Enforcement Agency. The Attorney General of the Federation and Minister of Justice, Abubakar...The Attorney General of the Federation and Minister of Justice, Abubakar Malami says the project became necessary because of the unprecedented threats and attacks on personnel, officers, men and other ranks of the agency.
He says the need has arisen for the Federal Government to consider the possibility of security measures that will now provide the prerequisite protection to the officers and men of the agency for commission.]]>56africa_business_radio,nigeriacleanfullhttps://www.spreaker.com/episode/macron-s-government-survives-no-confidence-vote--53294834It sparked new anti-government protests in Paris, where 101 people were arrested after stand-offs with police.
The vote, tabled by centrist MPs, had 278 votes in favour, falling short of the 287 votes needed.]]>https://api.spreaker.com/episode/53294834Wed, 22 Mar 2023 11:23:07 +0000Africa Business RadioThe French government has narrowly survived a vote of no-confidence, which was triggered when it forced through an increase in the pension age to 64. It sparked new anti-government protests in Paris, where 101 people were arrested after stand-offs...It sparked new anti-government protests in Paris, where 101 people were arrested after stand-offs with police.
The vote, tabled by centrist MPs, had 278 votes in favour, falling short of the 287 votes needed.]]>43africa_business_radio,france,macron,news,pension_reformcleanfullhttps://www.spreaker.com/episode/chinese-regulator-accuses-chip-tycoon-of-corruption--53294831The Central Commission for Discipline Inspection alleges that Mr Zhao took the state-owned company he managed as his private fiefdom.
The regulator says he handed profitable businesses to his relatives and friends and purchased goods and services from companies managed by his associates at prices significantly higher than the market.]]>https://api.spreaker.com/episode/53294831Wed, 22 Mar 2023 11:21:37 +0000Africa Business RadioChina's anti-fraud watchdog has accused chip tycoon Zhao Weiguo of corruption, in the latest sign of trouble faced by the country's semiconductor industry. The Central Commission for Discipline Inspection alleges that Mr Zhao took the state-owned...The Central Commission for Discipline Inspection alleges that Mr Zhao took the state-owned company he managed as his private fiefdom.
The regulator says he handed profitable businesses to his relatives and friends and purchased goods and services from companies managed by his associates at prices significantly higher than the market.]]>51africa_business_radio,china,corruption,news,u.scleanfullhttps://www.spreaker.com/episode/ethiopia-rejects-us-accusations-of-war-crimes--53294830The Ministry of Foreign Affairs called the US statement selective and inflammatory saying The partisan and divisive approach from the US is ill-advised.
It says that it was untimely, coming shortly after Ethiopia launched a national consultation on transitional justice policy aiming to bring peace and reconciliation.
It says the US statement would be used to advance highly polarised campaigns pitting one community against others in the country.]]>https://api.spreaker.com/episode/53294830Wed, 22 Mar 2023 11:20:02 +0000Africa Business RadioEthiopia's government has rejected a statement by the US alleging that members of its forces, along with Eritrean and Amhara forces, committed war crimes during the two-year war. The Ministry of Foreign Affairs called the US statement selective and...The Ministry of Foreign Affairs called the US statement selective and inflammatory saying The partisan and divisive approach from the US is ill-advised.
It says that it was untimely, coming shortly after Ethiopia launched a national consultation on transitional justice policy aiming to bring peace and reconciliation.
It says the US statement would be used to advance highly polarised campaigns pitting one community against others in the country.]]>58africa_business_radio,ethiopia,news,u.scleanfullhttps://www.spreaker.com/episode/africa-accounts-for-55-of-world-s-poor--53294832Morsy says the continent faced a tsunami of global shocks that have exacerbated existing socioeconomic operations and equity. Africa, as a result of these shocks, currently accounts for more than half of the world’s poor at 54.8 per cent.
Morsy says the situation was further exacerbated by existing inequalities, noting that even in times of high economic growth in Africa, the rate of inequality still rose.
She explained that several recommendations, both domestic and international, had been put in place to help tackle this.]]>https://api.spreaker.com/episode/53294832Wed, 22 Mar 2023 11:18:21 +0000Africa Business RadioThe Chief Economist at the Economic Commission for Africa, Hanan Morsy, says Africa currently accounts for more than half of the World’s poor 54. 8 per cent. Morsy says the continent faced a tsunami of global shocks that have exacerbated existing...Morsy says the continent faced a tsunami of global shocks that have exacerbated existing socioeconomic operations and equity. Africa, as a result of these shocks, currently accounts for more than half of the world’s poor at 54.8 per cent.
Morsy says the situation was further exacerbated by existing inequalities, noting that even in times of high economic growth in Africa, the rate of inequality still rose.
She explained that several recommendations, both domestic and international, had been put in place to help tackle this.]]>66africa,africa_business_radio,newscleanfullhttps://www.spreaker.com/episode/putin-considers-ties-with-africa-a-priority--53294828He added that Russia would continue supplying the continent with grain if Moscow exits a landmark agreement with Ukraine to allow exports from the country’s Black Sea ports.
Putin’s comments come as Moscow is seeking deeper political, economic and military ties in Africa and Asia as Russia becomes increasingly isolated on the international stage over the conflict in Ukraine.]]>https://api.spreaker.com/episode/53294828Wed, 22 Mar 2023 11:16:22 +0000Africa Business RadioPresident Vladimir Putin says that deepening ties between Russia and Africa was a key goal for the Kremlin, as Moscow seeks to expand its influence on the continent. He added that Russia would continue supplying the continent with grain if Moscow...He added that Russia would continue supplying the continent with grain if Moscow exits a landmark agreement with Ukraine to allow exports from the country’s Black Sea ports.
Putin’s comments come as Moscow is seeking deeper political, economic and military ties in Africa and Asia as Russia becomes increasingly isolated on the international stage over the conflict in Ukraine.]]>51africa,africa_business_radio,news,putin,russiacleanfullhttps://www.spreaker.com/episode/central-bank-of-nigeria-raises-interest-rate-to-18--53294833The CBN Governor, Godwin Emefiele, says the committee voted to keep the asymmetric corridor at +100 and -500 basis points around the MPR.
The governor stated the slight increase is to mitigate the effect of inflation and other economic issues.
He says the MPC committee voted to raise the MPR by 50 basis points to 18 per cent, and retain the asymmetric corridor at +100 and -500 basis points around the MPR.]]>https://api.spreaker.com/episode/53294833Wed, 22 Mar 2023 11:13:55 +0000Africa Business RadioThe Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 50 basis points to 18. per cent. The CBN Governor, Godwin Emefiele, says the committee voted to keep the asymmetric corridor at +100 and...The CBN Governor, Godwin Emefiele, says the committee voted to keep the asymmetric corridor at +100 and -500 basis points around the MPR.
The governor stated the slight increase is to mitigate the effect of inflation and other economic issues.
He says the MPC committee voted to raise the MPR by 50 basis points to 18 per cent, and retain the asymmetric corridor at +100 and -500 basis points around the MPR.]]>58africa_business_radio,central_bank,interest_rate,news,nigeriacleanfullhttps://www.spreaker.com/episode/sanwo-olu-increases-lagos-workers-salary-by-20--53294829The Head of Service, Hakeem Muri-Okunola, says the governor reiterated his administration’s determination to improve the welfare and well-being of public servants in Lagos State.
Those affected by the increment were officers in the mainstream public service, local governments and local council development areas, and the State Universal Basic Education Board by 20 percent with effect from January 1, 2023.
He says that the arrears for the month of January 2023 will be paid along with salaries for the month of March 2023, while the arrears for the month of February 2023 will be paid together with the salaries of April 2023.]]>https://api.spreaker.com/episode/53294829Wed, 22 Mar 2023 11:10:35 +0000Africa Business RadioLagos State Governor, Babajide Sanwo-Olu, has increased the salaries of workers in the state by 20 per cent, shortly after he secured a second term in office. The Head of Service, Hakeem Muri-Okunola, says the governor reiterated his administration’s...The Head of Service, Hakeem Muri-Okunola, says the governor reiterated his administration’s determination to improve the welfare and well-being of public servants in Lagos State.
Those affected by the increment were officers in the mainstream public service, local governments and local council development areas, and the State Universal Basic Education Board by 20 percent with effect from January 1, 2023.
He says that the arrears for the month of January 2023 will be paid along with salaries for the month of March 2023, while the arrears for the month of February 2023 will be paid together with the salaries of April 2023.]]>70africa_business_radio,lagos,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-removes-5-tax-on-calls-data--53294835The Minister of Communications and Digital Economy, Isa Pantami, Pantami, says Muhammadu Buhari, has approved the exemption of the digital economy sector from the five per cent excise duty to be paid and this is because of the strength of the argument presented to him by the Committee that additional burden on telecom sector will increase the sufferings of Nigerians and that other sectors that are not making as much contribution to the economy should be challenged to do more and pay the five per cent excise duty.
Pantami stated that the telecoms sector was already paying 41 categories of taxes, levies, and charges. He noted that the tax exemption will be upheld by the incoming administration.]]>https://api.spreaker.com/episode/53294835Wed, 22 Mar 2023 11:07:09 +0000Africa Business RadioThe Federal Government has announced the removal of its proposed five per cent excise duty on telecommunication services. The Minister of Communications and Digital Economy, Isa Pantami, Pantami, says Muhammadu Buhari, has approved the exemption of...The Minister of Communications and Digital Economy, Isa Pantami, Pantami, says Muhammadu Buhari, has approved the exemption of the digital economy sector from the five per cent excise duty to be paid and this is because of the strength of the argument presented to him by the Committee that additional burden on telecom sector will increase the sufferings of Nigerians and that other sectors that are not making as much contribution to the economy should be challenged to do more and pay the five per cent excise duty.
Pantami stated that the telecoms sector was already paying 41 categories of taxes, levies, and charges. He noted that the tax exemption will be upheld by the incoming administration.]]>67africa_business_radio,news,nigeria,taxcleanfullhttps://www.spreaker.com/episode/new-york-community-bank-to-buy-failed-signature-bank--53281305The FDIC says the 40 branches of Signature Bank will become Flagstar Bank, starting Monday. Flagstar is one of New York Community Bank’s subsidiaries.
The FDIC said $60bn in Signature Bank’s loans will remain in receivership and are expected to be sold off in time.
The FDIC says it expects Signature Bank’s failure to cost the deposit insurance fund $2.5bn, but that figure may change as the regulator sells off assets.]]>https://api.spreaker.com/episode/53281305Tue, 21 Mar 2023 13:12:21 +0000Africa Business RadioThe Federal Deposit Insurance Corp says New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7bn deal. The FDIC says the 40 branches of Signature Bank will become Flagstar Bank, starting Monday. Flagstar...The FDIC says the 40 branches of Signature Bank will become Flagstar Bank, starting Monday. Flagstar is one of New York Community Bank’s subsidiaries.
The FDIC said $60bn in Signature Bank’s loans will remain in receivership and are expected to be sold off in time.
The FDIC says it expects Signature Bank’s failure to cost the deposit insurance fund $2.5bn, but that figure may change as the regulator sells off assets.]]>58africa_business_radio,newscleanfullhttps://www.spreaker.com/episode/central-banks-to-boost-flow-of-us-dollars-amid-market-unease--53281312Six central banks, including the Bank of England, announced they would boost the flow of US dollars through the global financial system.
The Bank of England, Bank of Japan, Bank of Canada, the European Central Bank, the US Federal Reserve and the Swiss National Bank launched the coordinated action to enhance the provision of liquidity.
The announcement says it served as an important backstop to ease strains in global funding markets" and to lessen the impact on the supply of credit to households and businesses.]]>https://api.spreaker.com/episode/53281312Tue, 21 Mar 2023 13:11:12 +0000Africa Business RadioCentral banks have moved globally to keep credit flowing after an unsettled period in the US banking sector and the Credit Suisse merger. Six central banks, including the Bank of England, announced they would boost the flow of US dollars through the...Six central banks, including the Bank of England, announced they would boost the flow of US dollars through the global financial system.
The Bank of England, Bank of Japan, Bank of Canada, the European Central Bank, the US Federal Reserve and the Swiss National Bank launched the coordinated action to enhance the provision of liquidity.
The announcement says it served as an important backstop to ease strains in global funding markets" and to lessen the impact on the supply of credit to households and businesses.]]>57africa_business_radio,newscleanfullhttps://www.spreaker.com/episode/ubs-agrees-to-emergency-rescue-of-credit-suisse--53281309Sunday's announcement came after a weekend of emergency talks in Switzerland between the two banks and the country's financial regulators.
The Swiss National Bank says the deal was the best way to restore the confidence of financial markets and to manage risks to the economy.
Credit Suisse says it was not expecting any disruption to client services.]]>https://api.spreaker.com/episode/53281309Tue, 21 Mar 2023 13:00:36 +0000Africa Business RadioTroubled bank Credit Suisse has been rescued by its Swiss rival UBS in a government-backed deal. Sunday's announcement came after a weekend of emergency talks in Switzerland between the two banks and the country's financial regulators. The Swiss...Sunday's announcement came after a weekend of emergency talks in Switzerland between the two banks and the country's financial regulators.
The Swiss National Bank says the deal was the best way to restore the confidence of financial markets and to manage risks to the economy.
Credit Suisse says it was not expecting any disruption to client services.]]>46africa_business_radio,credit_sussie,news,ubscleanfullhttps://www.spreaker.com/episode/kenyan-government-realise-sh100-million-after-digitization-of-services--53281310He says 5,318 services can now be accessed via mobile phones with the government targeting a doubling of the figure by the mid this year.
The CS further says that the roll-out of the Hustler Fund has transformed the previously unbankable young Kenyan into a millionaire through their savings on the platform.
]]>https://api.spreaker.com/episode/53281310Tue, 21 Mar 2023 12:58:08 +0000Africa Business RadioKenya's Cooperatives and SMEs Cabinet Secretary Simon Chelugui says the government is collecting over Sh100 million every day after the digitization of services on the E-citizen platform. He says 5,318 services can now be accessed via mobile phones...He says 5,318 services can now be accessed via mobile phones with the government targeting a doubling of the figure by the mid this year.
The CS further says that the roll-out of the Hustler Fund has transformed the previously unbankable young Kenyan into a millionaire through their savings on the platform.
]]>52africa,africa_business_radio,e-citizen,kenya,newscleanfullhttps://www.spreaker.com/episode/uk-earmarks-10m-for-energy-solution-in-sub-saharan-africa--53281313Knowledge Transfer Manager for Innovate UK Nigeria, Mr Joshua Adedeji, says the programme was designed to ensure access to affordable, reliable, sustainable and modern energy for all.
Adedeji says the mission of the energy catalysts was to accelerate the intervention needed to meet Sustainable Development Goal 7 by providing financial and advisory support to innovators.
He explained that transforming energy access was to speed up access to affordable, clean energy services for poor households, enterprises and social institutions in Official Development Assistance-eligible countries.]]>https://api.spreaker.com/episode/53281313Tue, 21 Mar 2023 12:55:25 +0000Africa Business RadioThe United Kingdom has earmarked a £10 million grant for innovators in Sub-Saharan Africa, South Africa and Southeast Asia to address the energy situation in the benefitting countries. Knowledge Transfer Manager for Innovate UK Nigeria, Mr Joshua...Knowledge Transfer Manager for Innovate UK Nigeria, Mr Joshua Adedeji, says the programme was designed to ensure access to affordable, reliable, sustainable and modern energy for all.
Adedeji says the mission of the energy catalysts was to accelerate the intervention needed to meet Sustainable Development Goal 7 by providing financial and advisory support to innovators.
He explained that transforming energy access was to speed up access to affordable, clean energy services for poor households, enterprises and social institutions in Official Development Assistance-eligible countries.]]>70africa,africa_business_radio,energy_solution,news,sub_sahara_africa,u.kcleanfullhttps://www.spreaker.com/episode/nigeria-s-currency-in-circulation-amounts-to-n982billion--53281311The CBN says the currency in circulation moved from N3.16tn to N3.29tn and N1.38tn in November 2022, December 2022 and January 2023 respectively.
The governor decried the challenges associated with currency management, including the hoarding of banknotes by members of the public, with statistics showing that over 80 per cent of currency-in-circulation was outside the vaults of commercial banks.]]>https://api.spreaker.com/episode/53281311Tue, 21 Mar 2023 12:49:44 +0000Africa Business RadioThe currency in circulation in the country dipped by 235.03 per cent to N982.09bn at the end of February from N3.29tn at the end of October 2022, on the back of the naira redesign policy of the Central Bank of Nigeria. The CBN says the currency in...The CBN says the currency in circulation moved from N3.16tn to N3.29tn and N1.38tn in November 2022, December 2022 and January 2023 respectively.
The governor decried the challenges associated with currency management, including the hoarding of banknotes by members of the public, with statistics showing that over 80 per cent of currency-in-circulation was outside the vaults of commercial banks.]]>66africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-rakes-in-n10trillion-vat-during-buhari-s-reign--53281308The National Bureau of Statistics showed that VAT earnings continued to rise annually throughout the eight-year period.
The country earned N759.4bn in 2015, N777.5bn in 2016, N972.4bn in 2017 and N1.1tn in 2018.
VAT collections in 2019 amounted to N1.2tn, N1.5tn in 2020, N2.1tn in 2021 while N2.5tn was paid in 2022.]]>https://api.spreaker.com/episode/53281308Tue, 21 Mar 2023 12:43:54 +0000Africa Business RadioThe Federal Government has raked in N10.1tn from the collection of Value Added Tax under the regime of President General Muhammadu Buhari. The National Bureau of Statistics showed that VAT earnings continued to rise annually throughout the eight-year...The National Bureau of Statistics showed that VAT earnings continued to rise annually throughout the eight-year period.
The country earned N759.4bn in 2015, N777.5bn in 2016, N972.4bn in 2017 and N1.1tn in 2018.
VAT collections in 2019 amounted to N1.2tn, N1.5tn in 2020, N2.1tn in 2021 while N2.5tn was paid in 2022.]]>642023_election,africa_business_radio,news,nigeria,vatcleanfullhttps://www.spreaker.com/episode/nigerian-state-imposes-dawn-to-dusk-curfew-amid-tensions--53281307The state Commissioner for Information and Internal Affairs, Muhammad Garba, says the decision was to prevent hoodlums from to causing chaos in the already made situation tense.
The commissioner called on people in the state to remain indoors as security agents would not spare anyone or a group bent on causing trouble.]]>https://api.spreaker.com/episode/53281307Tue, 21 Mar 2023 12:40:45 +0000Africa Business RadioThe Kano State Government has imposed a dawn-to-dusk curfew with a view to avoiding a breakdown of law and order, following tensions generated from the collation of results of the governorship and state Assembly elections. The state Commissioner for...The state Commissioner for Information and Internal Affairs, Muhammad Garba, says the decision was to prevent hoodlums from to causing chaos in the already made situation tense.
The commissioner called on people in the state to remain indoors as security agents would not spare anyone or a group bent on causing trouble.]]>502023_election,africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/china-reopens-borders-to-foreigners-after-three-years-of-restrictions--53220573The move marks the latest step towards reopening China to the outside world, as Beijing breaks with the strict zero-Covid strategy that defined its pandemic response until a few months ago.
The updated policy will also allow for the resumption of visa-free travel for those arriving on cruise ships to Shanghai as well as for certain tourist groups from Hong Kong, Macau and countries within the ASEAN regional grouping.
]]>https://api.spreaker.com/episode/53220573Thu, 16 Mar 2023 09:50:27 +0000Africa Business RadioThe country’s foreign ministry says China will once again start issuing a range of visas to foreigners in a major easing of travel restrictions in place since the outbreak of the Covid-19 pandemic. The move marks the latest step towards reopening...The move marks the latest step towards reopening China to the outside world, as Beijing breaks with the strict zero-Covid strategy that defined its pandemic response until a few months ago.
The updated policy will also allow for the resumption of visa-free travel for those arriving on cruise ships to Shanghai as well as for certain tourist groups from Hong Kong, Macau and countries within the ASEAN regional grouping.
]]>55africa_business_radio,china,covid_19,newscleanfullhttps://www.spreaker.com/episode/biden-to-sign-executive-order-on-background-checks-for-firearm-sales--53220575The Democratic president will sign the measure however Action on gun control appears unlikely in a divided Washington.
Biden's call for an assault weapons ban, universal background checks on gun sales and repealing gun manufacturers' immunity from prosecution are unlikely to make headway while Republicans control the US House of Representatives.]]>https://api.spreaker.com/episode/53220575Thu, 16 Mar 2023 09:48:12 +0000Africa Business RadioUS President Joe Biden is set to issue an executive order that aims to increase the number of background checks conducted before firearm sales. The Democratic president will sign the measure however Action on gun control appears unlikely in a divided...The Democratic president will sign the measure however Action on gun control appears unlikely in a divided Washington.
Biden's call for an assault weapons ban, universal background checks on gun sales and repealing gun manufacturers' immunity from prosecution are unlikely to make headway while Republicans control the US House of Representatives.]]>55africa_business_radio,biden,gun_control,news,u.scleanfullhttps://www.spreaker.com/episode/argentina-inflation-soars-past-100-mark--53220571Inflation hit 102.5% in February, the country's statistics agency said, meaning the price of many consumer goods has more than doubled since 2022.
Argentina has been in economic difficulty for years, and most of the population now lives in poverty.
Argentinian media said that this increase could partly be due to a sharp hike in the price of meat, which rose by almost 20% in the space of a month.]]>https://api.spreaker.com/episode/53220571Thu, 16 Mar 2023 09:46:27 +0000Africa Business RadioArgentina's inflation rate has soared past 100% for the first time since the end of hyperinflation in the early 90s. Inflation hit 102.5% in February, the country's statistics agency said, meaning the price of many consumer goods has more than...Inflation hit 102.5% in February, the country's statistics agency said, meaning the price of many consumer goods has more than doubled since 2022.
Argentina has been in economic difficulty for years, and most of the population now lives in poverty.
Argentinian media said that this increase could partly be due to a sharp hike in the price of meat, which rose by almost 20% in the space of a month.]]>51africa_business_radio,argentina,inflation_rate,newscleanfullhttps://www.spreaker.com/episode/us-accuses-russia-s-pilot-of-recklessness-in-drone-collision--53220568Russian jets are said to have dumped fuel into the path of the drone, which the US says was in international airspace.
The US says the MQ-9 Reaper drone was downed on Tuesday after a confrontation lasting 30-40 minutes.
Russia has denied its two Su-27 fighter jets made any contact.]]>https://api.spreaker.com/episode/53220568Thu, 16 Mar 2023 09:41:27 +0000Africa Business RadioThe US has accused Russia of reckless behaviour after an American drone crashed into the Black Sea following an encounter with Russian fighter jets. Russian jets are said to have dumped fuel into the path of the drone, which the US says was in...Russian jets are said to have dumped fuel into the path of the drone, which the US says was in international airspace.
The US says the MQ-9 Reaper drone was downed on Tuesday after a confrontation lasting 30-40 minutes.
Russia has denied its two Su-27 fighter jets made any contact.]]>47africa_business_radio,drone_collision,news,russia,u.scleanfullhttps://www.spreaker.com/episode/world-bank-suspends-u-s-520-million-talks-with-tunisia--53220574Outgoing World Bank President David Malpass attributed the decision to recent statements about migrants by Tunisian President Kais Saied.
The statements triggered tension between Tunisia and the African Union Commission with its chairperson terming Saied's comments as "shocking".]]>https://api.spreaker.com/episode/53220574Thu, 16 Mar 2023 09:36:59 +0000Africa Business RadioThe World Bank has temporarily suspended its future engagement talks with Tunisia amid uproar over recent statements by the country's president against migrants. Outgoing World Bank President David Malpass attributed the decision to recent statements...Outgoing World Bank President David Malpass attributed the decision to recent statements about migrants by Tunisian President Kais Saied.
The statements triggered tension between Tunisia and the African Union Commission with its chairperson terming Saied's comments as "shocking".]]>45africa,africa_business_radio,anti-migrant,news,tunisia,world_bankcleanfullhttps://www.spreaker.com/episode/central-bank-of-nigeria-to-hold-two-day-monetary-policy-committee-meeting--53220569The apex bank said the 290th meeting would be held at the CBN Headquarters in Abuja.
The MPC is the highest policy-making committee of the apex bank with the mandate including to review economic and financial conditions in the economy and determine the appropriate stance of policy in the short to medium term.
It is also empowered to review regularly, the CBN monetary policy framework and adopt changes when necessary, communicate monetary/financial policy decisions effectively to the public and ensure the credibility of the model of the transmission mechanism of monetary policy.]]>https://api.spreaker.com/episode/53220569Thu, 16 Mar 2023 09:32:56 +0000Africa Business RadioThe Central Bank of Nigeria has scheduled the next Monetary Policy Committee meeting between Monday and Tuesday next week. The apex bank said the 290th meeting would be held at the CBN Headquarters in Abuja. The MPC is the highest policy-making...The apex bank said the 290th meeting would be held at the CBN Headquarters in Abuja.
The MPC is the highest policy-making committee of the apex bank with the mandate including to review economic and financial conditions in the economy and determine the appropriate stance of policy in the short to medium term.
It is also empowered to review regularly, the CBN monetary policy framework and adopt changes when necessary, communicate monetary/financial policy decisions effectively to the public and ensure the credibility of the model of the transmission mechanism of monetary policy.]]>63africa_business_radio,cbn,monetary_policy,nigeriacleanfullhttps://www.spreaker.com/episode/africa-s-digital-economy-to-rise-to-712bn-by-2050--53220572Adesina says it was estimated that the size of digital global wealth would expand from $217 billion in 2022 to over $1 trillion by 2031 with most of this growth already being driven by four countries -Nigeria, South Africa, Kenya and Egypt.
He says the creative industry in Nigeria is growing rapidly, in line with similar trend in Africa.
The creative industry in Africa generated over $14 billion in revenue annually between 2015 and 2018 and is projected to help create close to three million jobs by 2025.]]>https://api.spreaker.com/episode/53220572Thu, 16 Mar 2023 09:28:13 +0000Africa Business RadioThe president of the African Development Bank Group, Dr Akinwumi A. Adesina, says the size of Africa's digital economy will rise from $115 billion to $712 billion by 2050. Adesina says it was estimated that the size of digital global wealth would...Adesina says it was estimated that the size of digital global wealth would expand from $217 billion in 2022 to over $1 trillion by 2031 with most of this growth already being driven by four countries -Nigeria, South Africa, Kenya and Egypt.
He says the creative industry in Nigeria is growing rapidly, in line with similar trend in Africa.
The creative industry in Africa generated over $14 billion in revenue annually between 2015 and 2018 and is projected to help create close to three million jobs by 2025.]]>67afdb,africa_business_radio,digital_economy,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-presidential-election-recorded-12-9m-cyberattacks--53220570The Minister of Communications and Digital Economy, Prof Isa Pantami, says over 6.9 million attacks were recorded on election day alone.
Pantami says the attacks were successfully blocked owing to the sophisticated infrastructure on the ground by different agencies of government charged with the responsibility of protecting the nation’s cyberspace.
The Minister stated that in the build-up to the presidential elections, threat intelligence revealed an astronomical increase in cyber threats to Nigeria’s cyberspace.]]>https://api.spreaker.com/episode/53220570Thu, 16 Mar 2023 08:42:51 +0000Africa Business RadioNo fewer than 12.9 million cyberattacks have been recorded from within and outside the country during the just-concluded Presidential and National Assembly polls. The Minister of Communications and Digital Economy, Prof Isa Pantami, says over 6.9...The Minister of Communications and Digital Economy, Prof Isa Pantami, says over 6.9 million attacks were recorded on election day alone.
Pantami says the attacks were successfully blocked owing to the sophisticated infrastructure on the ground by different agencies of government charged with the responsibility of protecting the nation’s cyberspace.
The Minister stated that in the build-up to the presidential elections, threat intelligence revealed an astronomical increase in cyber threats to Nigeria’s cyberspace.]]>592023_election,africa_business_radio,cyberattack,news,nigeriacleanfullhttps://www.spreaker.com/episode/us-government-approves-alaska-oil-and-gas-development--53208161The company behind the Willow project, ConocoPhillips, says it will create local investment and thousands of jobs however the $8bn proposal faced a torrent of online activism in recent weeks, particularly among youth activists on TikTok.
Opponents argued it should be halted over its climate and wildlife impacts.
The US Bureau of Land Management estimates, that it will generate up to 278 million metric tonnes of CO2e over its 30-year lifetime - the equivalent of adding two million cars to US roads every year.]]>https://api.spreaker.com/episode/53208161Wed, 15 Mar 2023 08:14:18 +0000Africa Business RadioUS President Joe Biden has approved a major oil and gas drilling project in Alaska that faced strong opposition from environmental activists. The company behind the Willow project, ConocoPhillips, says it will create local investment and thousands of...The company behind the Willow project, ConocoPhillips, says it will create local investment and thousands of jobs however the $8bn proposal faced a torrent of online activism in recent weeks, particularly among youth activists on TikTok.
Opponents argued it should be halted over its climate and wildlife impacts.
The US Bureau of Land Management estimates, that it will generate up to 278 million metric tonnes of CO2e over its 30-year lifetime - the equivalent of adding two million cars to US roads every year.]]>60africa_business_radio,alaska,climate_change,news,u.scleanfullhttps://www.spreaker.com/episode/global-bank-stocks-slump-despite-biden-reassurances--53208162The falls come after authorities moved to protect customer deposits when the US-based Silicon Valley Bank and Signature Bank collapsed.
Joe Biden promised to do whatever is needed to protect the banking system.
But investors fear other lenders may still be hit by the fallout.]]>https://api.spreaker.com/episode/53208162Wed, 15 Mar 2023 08:12:59 +0000Africa Business RadioBank shares in Asia and Europe have slumped, despite reassurances from the US president that America's financial system is safe following the collapse of two US lenders. The falls come after authorities moved to protect customer deposits when the...The falls come after authorities moved to protect customer deposits when the US-based Silicon Valley Bank and Signature Bank collapsed.
Joe Biden promised to do whatever is needed to protect the banking system.
But investors fear other lenders may still be hit by the fallout.]]>45africa_business_radio,biden,news,sillicon_valley,u.scleanfullhttps://www.spreaker.com/episode/rwanda-bans-sale-of-unrefrigerated-meat--53208163The National Agency for Quality Control, Competition and Consumer Protection says fresh meat that has not been refrigerated contains cells that may transmit diseases to consumers.
Some local traders, however, said the order would cause them losses because some customers prefer fresh meat.]]>https://api.spreaker.com/episode/53208163Wed, 15 Mar 2023 08:11:16 +0000Africa Business RadioRwandan authorities have banned traders from selling meat that has not been refrigerated for at least 24 hours, according to a report. The National Agency for Quality Control, Competition and Consumer Protection says fresh meat that has not been...The National Agency for Quality Control, Competition and Consumer Protection says fresh meat that has not been refrigerated contains cells that may transmit diseases to consumers.
Some local traders, however, said the order would cause them losses because some customers prefer fresh meat.]]>47africa,africa_business_radio,agriculture,food,health,news,rwandacleanfullhttps://www.spreaker.com/episode/nigerian-government-probes-theft-in-1-1bn-oil-well--53208164The investigation was necessitated after the Nigeria Security and Civil Defence Corps uncovered an illegal local refinery at Otamiri-Etche, Etche Local Government Area of Rivers State.
The illegal refinery steals crude from OML17 fields operated by Heirs Holding Oil and Gas Limited.
]]>https://api.spreaker.com/episode/53208164Wed, 15 Mar 2023 08:09:26 +0000Africa Business RadioThe largest oil and gas field financing transaction of about $1.1bn – Oil Mining License 17, owned by billionaire business tycoon, Tony Elumelu, is currently under investigation following the uncovering of an illegal oil bunkering facility connected...The investigation was necessitated after the Nigeria Security and Civil Defence Corps uncovered an illegal local refinery at Otamiri-Etche, Etche Local Government Area of Rivers State.
The illegal refinery steals crude from OML17 fields operated by Heirs Holding Oil and Gas Limited.
]]>55africa_business_radio,news,nigeria,oil_theftcleanfullhttps://www.spreaker.com/episode/nigerians-to-pay-n1-000-national-identification-number-fee-for-passports--53208158The Head, of Corporate Communications, Kayode Adegoke, says the fee is to improve the quality of service, accuracy, and speed of passport services through timely verification of NIN.
It stated that it agreed on this framework with the Nigerian Immigration Service.
The commission says Nigerians will pay N1000 for NIN verification in Nigeria, $5 in other African countries, and $15 in other countries.]]>https://api.spreaker.com/episode/53208158Wed, 15 Mar 2023 08:06:19 +0000Africa Business RadioThe National Identity Management Commission says Nigerians applying for passports will be charged N1000 in Nigeria for the verification of their National Identification Number. The Head, of Corporate Communications, Kayode Adegoke, says the fee is to...The Head, of Corporate Communications, Kayode Adegoke, says the fee is to improve the quality of service, accuracy, and speed of passport services through timely verification of NIN.
It stated that it agreed on this framework with the Nigerian Immigration Service.
The commission says Nigerians will pay N1000 for NIN verification in Nigeria, $5 in other African countries, and $15 in other countries.]]>55africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-to-charge-helicopter-landing-fees--53208159The Minister of Aviation, Hadi Sirika inaugurated the latest batch of trained Helicopter Monitoring Officers at the International Wing of the Port Harcourt International Airport in the Rivers State capital.
The minister reiterated the resolve of the Federal Government to improve revenue collection of helicopter landing charges.]]>https://api.spreaker.com/episode/53208159Wed, 15 Mar 2023 07:49:57 +0000Africa Business RadioThe Federal Government through the Ministry of Aviation is looking at ways of collecting landing fees from helicopters operating in Nigerian airspace. The Minister of Aviation, Hadi Sirika inaugurated the latest batch of trained Helicopter Monitoring...The Minister of Aviation, Hadi Sirika inaugurated the latest batch of trained Helicopter Monitoring Officers at the International Wing of the Port Harcourt International Airport in the Rivers State capital.
The minister reiterated the resolve of the Federal Government to improve revenue collection of helicopter landing charges.]]>46africa_business_radio,aviation_sector,helicopter_charge,news,nigeriacleanfullhttps://www.spreaker.com/episode/central-bank-of-nigeria-says-old-n200-n500-n1-000-notes-remain-legal-tender-till-dec-31--53208160The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin says in compliance with the established tradition of obedience to court orders Deposit Money Banks operating in Nigeria have been directed to comply with the Supreme Court ruling of March 3, 2023.
The highest court of the land had on March 3 ordered that old N200, N500 and N1000 notes remain valid till December 31, 2023.
This was after 16 states of the Federation instituted a suit to challenge the legality or otherwise of the introduction of the policy.]]>https://api.spreaker.com/episode/53208160Wed, 15 Mar 2023 07:46:19 +0000Africa Business RadioThe Central Bank of Nigeria says old N200, N500, and N1,000 banknotes remain legal tender till December 31, 2023. The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin says in compliance with the established tradition of...The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin says in compliance with the established tradition of obedience to court orders Deposit Money Banks operating in Nigeria have been directed to comply with the Supreme Court ruling of March 3, 2023.
The highest court of the land had on March 3 ordered that old N200, N500 and N1000 notes remain valid till December 31, 2023.
This was after 16 states of the Federation instituted a suit to challenge the legality or otherwise of the introduction of the policy.]]>64africa_business_radio,cbn,legal_tender,news,nigeriacleanfullhttps://www.spreaker.com/episode/china-s-parliament-approves-changes-to-speed-up-emergency-laws--53182120The amendment to the Legislation Law, which governs how legislation is enacted, gives the highest body of the national parliament, the roughly 170-member National People’s Congress Standing Committee, special powers to pass laws after just one review session.]]>https://api.spreaker.com/episode/53182120Mon, 13 Mar 2023 13:46:27 +0000Africa Business RadioChina's parliament approved changes to a law that would allow it to pass emergency legislation more quickly. The amendment to the Legislation Law, which governs how legislation is enacted, gives the highest body of the national parliament, the...The amendment to the Legislation Law, which governs how legislation is enacted, gives the highest body of the national parliament, the roughly 170-member National People’s Congress Standing Committee, special powers to pass laws after just one review session.]]>41africa_business_radio,china,emergency_laws,newscleanfullhttps://www.spreaker.com/episode/french-senate-approves-macron-s-pension-plan-amid-new-protests--53182119Senators voted late on Saturday to adopt the reforms by 195 votes to 112, bringing the package whose key measure is raising the retirement age by two years to 64 closer to becoming law.
Prime Minister Elisabeth Borne says she was totally committed to ensuring the text will be definitively adopted in the coming days.

]]>https://api.spreaker.com/episode/53182119Mon, 13 Mar 2023 13:44:40 +0000Africa Business RadioThe French Senate has approved President Emmanuel Macron’s unpopular pension reform plan as hundreds of thousands of protesters rallied in cities across the country to oppose the changes. Senators voted late on Saturday to adopt the reforms by 195...Senators voted late on Saturday to adopt the reforms by 195 votes to 112, bringing the package whose key measure is raising the retirement age by two years to 64 closer to becoming law.
Prime Minister Elisabeth Borne says she was totally committed to ensuring the text will be definitively adopted in the coming days.

]]>56africa_business_radio,france,news,pension_plancleanfullhttps://www.spreaker.com/episode/customers-of-failed-silicon-valley-bank-assured-of-money-safety--53182118A statement from the US Treasury, the Federal Reserve and Federal Deposit Insurance Corporation said depositors would be fully protected.
The statement says the taxpayer will not bear any losses from the move as SVB was shut down by regulators who seized its assets on Friday.
The Federal Reserve says it would offer assistance through a new Bank Term Funding Program, making it easier for banks to borrow from it in a crisis.]]>https://api.spreaker.com/episode/53182118Mon, 13 Mar 2023 13:42:23 +0000Africa Business RadioThe US government says People and businesses who have money deposited with failed US bank Silicon Valley Bank will be able to access all their cash from Monday. A statement from the US Treasury, the Federal Reserve and Federal Deposit Insurance...A statement from the US Treasury, the Federal Reserve and Federal Deposit Insurance Corporation said depositors would be fully protected.
The statement says the taxpayer will not bear any losses from the move as SVB was shut down by regulators who seized its assets on Friday.
The Federal Reserve says it would offer assistance through a new Bank Term Funding Program, making it easier for banks to borrow from it in a crisis.]]>54africa_business_radio,news,sillicon_valley,u.scleanfullhttps://www.spreaker.com/episode/south-african-president-cleared-over-farm-theft--53182127The public protector, Kholeka Gcaleka, concludes that Mr Ramaphosa did not violate an ethics code or abuse his role as head of state.
The report says the president declared the theft within weeks of it taking place three years ago.
it however says the head of the presidential protection service, Maj Gen Wally Rhoode, acted improperly by carrying out an unofficial investigation into the crime.]]>https://api.spreaker.com/episode/53182127Mon, 13 Mar 2023 13:39:24 +0000Africa Business RadioSouth Africa's anti-corruption watchdog says there is no evidence of wrongdoing by President Cyril Ramaphosa linked to the theft of $580,000 in cash from his farm. The public protector, Kholeka Gcaleka, concludes that Mr Ramaphosa did not violate an...The public protector, Kholeka Gcaleka, concludes that Mr Ramaphosa did not violate an ethics code or abuse his role as head of state.
The report says the president declared the theft within weeks of it taking place three years ago.
it however says the head of the presidential protection service, Maj Gen Wally Rhoode, acted improperly by carrying out an unofficial investigation into the crime.]]>56africa_business_radio,corruption,farm_theft,news,south_africacleanfullhttps://www.spreaker.com/episode/malawi-closes-schools-in-cyclone-freddy-aftermath--53182117Heavy rains pounding southern Malawi have washed away roads and disrupted power generation, with more rainfall expected in the next few days.
Physical classes have been suspended for Monday and Tuesday in all learning institutions in the area.
The education ministry says teachers and learners have been encouraged to use available online platforms and radio lessons,
The death toll in Mozambique is at least 28 since the storm first made landfall.]]>https://api.spreaker.com/episode/53182117Mon, 13 Mar 2023 13:36:32 +0000Africa Business RadioThe authorities in Malawi have closed schools in 10 districts over safety concerns after Cyclone Freddy wreaked devastation in neighbouring Mozambique. Heavy rains pounding southern Malawi have washed away roads and disrupted power generation, with...Heavy rains pounding southern Malawi have washed away roads and disrupted power generation, with more rainfall expected in the next few days.
Physical classes have been suspended for Monday and Tuesday in all learning institutions in the area.
The education ministry says teachers and learners have been encouraged to use available online platforms and radio lessons,
The death toll in Mozambique is at least 28 since the storm first made landfall.]]>56africa,africa_business_radio,cyclone_freddy,malawi,newscleanfullhttps://www.spreaker.com/episode/nigerian-firm-says-racism-claims-against-ceo-vindictive--53182124This comes after the Nigerian government revoked the work and residence permit of the British executive, following the allegations.
Nigeria's interior ministry also alleged that Mr Brown was fraudulently in possession of an expatriate residence permit.
The energy firm says it will be engaging with the ministry to reject the impressions created by these allegations.]]>https://api.spreaker.com/episode/53182124Mon, 13 Mar 2023 13:33:10 +0000Africa Business RadioSeplat Energy, a leading oil and gas supplier in Nigeria, has denied racism and discrimination accusations against its chief executive Roger Thompson Brown calling them vindictive". This comes after the Nigerian government revoked the work and...This comes after the Nigerian government revoked the work and residence permit of the British executive, following the allegations.
Nigeria's interior ministry also alleged that Mr Brown was fraudulently in possession of an expatriate residence permit.
The energy firm says it will be engaging with the ministry to reject the impressions created by these allegations.]]>53africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-economy-loses-n20trillion-on-cbn-s-70-cash-mop-up--53182122It says the protracted acute cash scarcity had not only crippled economic activities across the country but was now a significant risk to the livelihoods of most Nigerians.
The Director, CPPE, Dr. Muda Yusuf, stated that millions of citizens have slipped into penury and poverty due to the disruptions and tribulations perpetrated by the currency redesign policy, especially the mopping up of over 70 per cent of cash in the economy.
]]>https://api.spreaker.com/episode/53182122Mon, 13 Mar 2023 13:29:27 +0000Africa Business RadioA new report by an economic think tank, Centre for the Promotion of Private Enterprise says Nigeria’s economy is grinding to a halt and has lost about N20tn following the over 70 per cent mop-up of cash by the Federal Government through the Central...It says the protracted acute cash scarcity had not only crippled economic activities across the country but was now a significant risk to the livelihoods of most Nigerians.
The Director, CPPE, Dr. Muda Yusuf, stated that millions of citizens have slipped into penury and poverty due to the disruptions and tribulations perpetrated by the currency redesign policy, especially the mopping up of over 70 per cent of cash in the economy.
]]>64africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-raw-material-imports-soar-to-n2-4trillion--53182123The data also showed that Nigeria exported raw materials to the tune of N1tn, leaving a deficit of N1.4tn during the period under review.
Statistica also reported that raw materials imported into Nigeria amounted to over N1.9tn in 2021, amounting to about $4.6bn.
The NBS data says major imports during this period included cane sugar from Brazil, odiferous substances from Ireland and Swaziland, as well as milk preparations from Ireland and Malaysia.]]>https://api.spreaker.com/episode/53182123Mon, 13 Mar 2023 12:57:32 +0000Africa Business RadioNigeria spent at least N2.4tn to import raw materials from other countries in 2022, according to data collated from Foreign Trade Statistics of the National Bureau of Statistics. The data also showed that Nigeria exported raw materials to the tune of...The data also showed that Nigeria exported raw materials to the tune of N1tn, leaving a deficit of N1.4tn during the period under review.
Statistica also reported that raw materials imported into Nigeria amounted to over N1.9tn in 2021, amounting to about $4.6bn.
The NBS data says major imports during this period included cane sugar from Brazil, odiferous substances from Ireland and Swaziland, as well as milk preparations from Ireland and Malaysia.]]>63africa_business_radio,import,news,nigeria,raw_materialcleanfullhttps://www.spreaker.com/episode/nigeria-s-electoral-body-says-bvas-reconfiguration-to-be-completed--53182126The Commission says the reconfiguration of the Bimodal Voter Registration Systems would be completed by Tuesday in preparation for the March 18 governorship and state assembly elections.
INEC National Commissioner, Festus Okoye, stated that any BVAS that was used for the presidential and National Assembly elections that do not push to the accreditation backend, the data relating to the conduct of the presidential and National Assembly elections will not be reconfigured.]]>https://api.spreaker.com/episode/53182126Mon, 13 Mar 2023 12:53:20 +0000Africa Business RadioThe Independent National Electoral Commission says over 170,000 polling unit results of the February 25 presidential and National Assembly elections have been uploaded on its Result Viewing Portal. The Commission says the reconfiguration of the...The Commission says the reconfiguration of the Bimodal Voter Registration Systems would be completed by Tuesday in preparation for the March 18 governorship and state assembly elections.
INEC National Commissioner, Festus Okoye, stated that any BVAS that was used for the presidential and National Assembly elections that do not push to the accreditation backend, the data relating to the conduct of the presidential and National Assembly elections will not be reconfigured.]]>602023_election,africa_business_radio,bvas,news,nigeriacleanfullhttps://www.spreaker.com/episode/white-house-backs-bill-to-allow-ban-on-chinese-owned-tiktok--53147035The bill, introduced by a dozen Republicans and Democrats in the Senate, would allow US President Joe Biden to ban technologies deemed by the US Commerce Department to pose an undue or unacceptable risk to national security.
US government and law enforcement officials have claimed that TikTok, owned by Chinese company ByteDance, could be used to spy on Americans, syphon off sensitive personal data, and manipulate public opinion.
White House national security adviser Jake Sullivan says the so-called RESTRICT Act, which would also apply to technology from other US adversaries such as Russia, North Korea and Iran, would address technology-based threats to the security and safety of Americans.]]>https://api.spreaker.com/episode/53147035Thu, 09 Mar 2023 14:18:24 +0000Africa Business RadioThe Biden administration has backed a bipartisan bill that would give Washington the power to ban the Chinese-owned video app TikTok in the United States. The bill, introduced by a dozen Republicans and Democrats in the Senate, would allow US...The bill, introduced by a dozen Republicans and Democrats in the Senate, would allow US President Joe Biden to ban technologies deemed by the US Commerce Department to pose an undue or unacceptable risk to national security.
US government and law enforcement officials have claimed that TikTok, owned by Chinese company ByteDance, could be used to spy on Americans, syphon off sensitive personal data, and manipulate public opinion.
White House national security adviser Jake Sullivan says the so-called RESTRICT Act, which would also apply to technology from other US adversaries such as Russia, North Korea and Iran, would address technology-based threats to the security and safety of Americans.]]>74africa_business_radio,china,news,tiktok,u.scleanfullhttps://www.spreaker.com/episode/georgians-protest-foreign-agents-draft-law-on-media--53147036The law, which has received initial approval, would require media outlets and NGOs that receive more than 20 per cent of their funding from foreign sources to register as agents of foreign influence.
A majority of lawmakers in the parliament approved the draft law dubbed “On Transparency of Foreign Influence” in a first reading.]]>https://api.spreaker.com/episode/53147036Thu, 09 Mar 2023 13:55:36 +0000Africa Business RadioAuthorities have used tear gas and water cannon outside the Georgian parliament building against protesters who oppose a proposed law some see as stifling freedom of the press. The law, which has received initial approval, would require media outlets...The law, which has received initial approval, would require media outlets and NGOs that receive more than 20 per cent of their funding from foreign sources to register as agents of foreign influence.
A majority of lawmakers in the parliament approved the draft law dubbed “On Transparency of Foreign Influence” in a first reading.]]>54africa_business_radio,draft_law,georgia,newscleanfullhttps://www.spreaker.com/episode/uk-set-out-new-law-to-stop-illegal-migrant-boats--53147038Interior Minister Suella Braverman says the migrants would be detained on arrival and swiftly deported.
Ms Braverman says this was the only way to stop people from coming to the UK.
Rights groups have said the law risks criminalising thousands of genuine refugees.
The minister has admitted the legislation may break human rights laws.]]>https://api.spreaker.com/episode/53147038Thu, 09 Mar 2023 13:53:21 +0000Africa Business RadioThe UK government has put forward controversial new legislation seeking to stop tens of thousands of migrants reaching the country illegally in boats every year. Interior Minister Suella Braverman says the migrants would be detained on arrival and...Interior Minister Suella Braverman says the migrants would be detained on arrival and swiftly deported.
Ms Braverman says this was the only way to stop people from coming to the UK.
Rights groups have said the law risks criminalising thousands of genuine refugees.
The minister has admitted the legislation may break human rights laws.]]>51africa_business_radio,illegal_migrant,news,u.kcleanfullhttps://www.spreaker.com/episode/south-africa-s-economy-shrinks-by-1-3--53147041Analysts had predicted a decline of just 0.4% and blamed the record blackouts for taking a significant toll on productivity.
Seven of South Africa’s 10 industries experienced a decline in the last three months of 2022. The agriculture and mining industries were the most prominent victims, contracting by over 3%.
Overall the South African economy grew by 2% in 2022 but is still well below the 5 to 6% target band that economists say will make a dent in the country’s 33% unemployment rate.]]>https://api.spreaker.com/episode/53147041Thu, 09 Mar 2023 13:50:00 +0000Africa Business RadioSouth Africa’s gross domestic product shrank by 1.3% in the fourth quarter of 2022, much more than was expected. Analysts had predicted a decline of just 0.4% and blamed the record blackouts for taking a significant toll on productivity. Seven of...Analysts had predicted a decline of just 0.4% and blamed the record blackouts for taking a significant toll on productivity.
Seven of South Africa’s 10 industries experienced a decline in the last three months of 2022. The agriculture and mining industries were the most prominent victims, contracting by over 3%.
Overall the South African economy grew by 2% in 2022 but is still well below the 5 to 6% target band that economists say will make a dent in the country’s 33% unemployment rate.]]>61africa_business_radio,economy,gdp,news,south_africacleanfullhttps://www.spreaker.com/episode/german-firm-signs-34bn-mauritania-green-energy-deal--53147030Egyptian and Emirati firms are also part of the deal.
The facility will produce up to eight million tonnes of green hydrogen and other hydrogen-based products annually in Mauritania.
The first phase is due to be completed in five years' time.
Germany is involved with a number of clean energy projects in Africa as it moves away from dependency on fuel imports from Russia and tries to meet climate targets.]]>https://api.spreaker.com/episode/53147030Thu, 09 Mar 2023 13:48:10 +0000Africa Business RadioA German company has signed a memorandum of understanding for a $34bn green energy project in Mauritania. Egyptian and Emirati firms are also part of the deal. The facility will produce up to eight million tonnes of green hydrogen and other...Egyptian and Emirati firms are also part of the deal.
The facility will produce up to eight million tonnes of green hydrogen and other hydrogen-based products annually in Mauritania.
The first phase is due to be completed in five years' time.
Germany is involved with a number of clean energy projects in Africa as it moves away from dependency on fuel imports from Russia and tries to meet climate targets.]]>53africa_business_radio,energy_deal,german,mauritania,newscleanfullhttps://www.spreaker.com/episode/kenya-bans-milk-powder-importation-amid-drought--53147029The Kenya Dairy Board says it would continue to monitor the production and demand dynamics of the commodity before lifting the ban.
The board has also suspended the issuance of import permits.
The move is seen to go against the East Africa Community free-trade agreements on the free movement of goods and services and the common market.
Uganda and Rwanda are the two leading African countries which Kenya imports its milk products from.]]>https://api.spreaker.com/episode/53147029Thu, 09 Mar 2023 13:45:40 +0000Africa Business RadioKenya has imposed an indefinite ban on milk powder imports to cushion local processors and farmers from surplus production and low prices in anticipation of the long rains. The Kenya Dairy Board says it would continue to monitor the production and...The Kenya Dairy Board says it would continue to monitor the production and demand dynamics of the commodity before lifting the ban.
The board has also suspended the issuance of import permits.
The move is seen to go against the East Africa Community free-trade agreements on the free movement of goods and services and the common market.
Uganda and Rwanda are the two leading African countries which Kenya imports its milk products from.]]>56africa,africa_business_radio,kenya,milk_import,newscleanfullhttps://www.spreaker.com/episode/mtn-nigeria-raises-n125bn-via-commercial-papers--53147033The company said that it had completed the Series 4 & 5 Commercial Paper issuance under its N150bn Commercial Paper issuance programme.
The notice signed by Company Secretary, Ufo Ukpanat, revealed that MTN Nigeria sought to raise N100bn, and the transaction was 125 per cent subscribed, with N125bn increased.
The commercial papers included a 188-day CP at a yield of 11.00 per cent and 267-day commercial paper at 12.50 per cent.]]>https://api.spreaker.com/episode/53147033Thu, 09 Mar 2023 13:43:31 +0000Africa Business RadioMTN Nigeria has raised N125bn through the issuance of commercial papers to boost its short-term working capital and funding requirements. The company said that it had completed the Series 4 & 5 Commercial Paper issuance under its N150bn...The company said that it had completed the Series 4 & 5 Commercial Paper issuance under its N150bn Commercial Paper issuance programme.
The notice signed by Company Secretary, Ufo Ukpanat, revealed that MTN Nigeria sought to raise N100bn, and the transaction was 125 per cent subscribed, with N125bn increased.
The commercial papers included a 188-day CP at a yield of 11.00 per cent and 267-day commercial paper at 12.50 per cent.]]>63africa_business_radio,mtn_nigeria,newscleanfullhttps://www.spreaker.com/episode/nigerian-state-approves-bill-to-establish-wealth-fund--53147034The Special Adviser to the Governor on Media, Yinka Oyebode, says that approval for the establishment of the Fund, named Ekiti State Wealth Fund, was one of the decisions reached at the meeting presided over by Governor Biodun Oyebanji on Wednesday.
Oyebode, says that the bill on the establishment of the state wealth fund would be presented to the State House of Assembly for legislative processing and subsequent passage into law.
]]>https://api.spreaker.com/episode/53147034Thu, 09 Mar 2023 13:40:41 +0000Africa Business RadioEkiti State Government has approved the establishment of a fund designed to receive, manage and invest in a diversified portfolio of medium- and long-term assets for the state, and for future generations of indigenes and residents. The Special...The Special Adviser to the Governor on Media, Yinka Oyebode, says that approval for the establishment of the Fund, named Ekiti State Wealth Fund, was one of the decisions reached at the meeting presided over by Governor Biodun Oyebanji on Wednesday.
Oyebode, says that the bill on the establishment of the state wealth fund would be presented to the State House of Assembly for legislative processing and subsequent passage into law.
]]>60africa_business_radio,news,nigeria,wealth_fundcleanfullhttps://www.spreaker.com/episode/nigeria-s-electoral-commission-postpones-governorship-election--53147032INEC National Commissioner for Voter Education, Festus Okoye, says the elections will hold on Saturday, March 18.
He says following the ruling by the Presidential Election Petition Tribunal on the reconfiguration of the Bimodal Voter Accreditation System used for the February 25 Presidential election, the Commission met to assess its impact on its preparations for the governorship exercise.
Okoye stated that though the tribunal’s ruling would enable INEC to commence the preparation of the BVAS for the governorship and state assembly elections, it is too late for the reconfiguration to be concluded.]]>https://api.spreaker.com/episode/53147032Thu, 09 Mar 2023 13:29:19 +0000Africa Business RadioThe Independent National Electoral Commission has postponed the governorship and state house of assembly elections scheduled for Saturday, March 11. INEC National Commissioner for Voter Education, Festus Okoye, says the elections will hold on...INEC National Commissioner for Voter Education, Festus Okoye, says the elections will hold on Saturday, March 18.
He says following the ruling by the Presidential Election Petition Tribunal on the reconfiguration of the Bimodal Voter Accreditation System used for the February 25 Presidential election, the Commission met to assess its impact on its preparations for the governorship exercise.
Okoye stated that though the tribunal’s ruling would enable INEC to commence the preparation of the BVAS for the governorship and state assembly elections, it is too late for the reconfiguration to be concluded.]]>642023_election,africa_business_radio,governorship_election,news,nigeriacleanfullhttps://www.spreaker.com/episode/china-sets-economic-growth-target-to-5--53132097The session is also set to hand President Xi Jinping a third term in office and implement the biggest government shake-up in a decade.
Outgoing Premier Li Keqiang says it was essential to prioritise economic stability and set a goal of economic growth at around 5 per cent, one of the country’s lowest in decades.
Li also announced a target of creating about 12 million urban jobs this year, up from last year’s mark of at least 11 million.
]]>https://api.spreaker.com/episode/53132097Wed, 08 Mar 2023 09:36:38 +0000Africa Business RadioChina’s National People’s Congress has kicked off its annual parliamentary session, announcing a modest target for economic growth of about 5 per cent. The session is also set to hand President Xi Jinping a third term in office and implement the...The session is also set to hand President Xi Jinping a third term in office and implement the biggest government shake-up in a decade.
Outgoing Premier Li Keqiang says it was essential to prioritise economic stability and set a goal of economic growth at around 5 per cent, one of the country’s lowest in decades.
Li also announced a target of creating about 12 million urban jobs this year, up from last year’s mark of at least 11 million.
]]>57africa_business_radio,china,economic_growth,newscleanfullhttps://www.spreaker.com/episode/france-braces-for-pension-reform-strikes--53132103Most train and metro services are cancelled on Tuesday, and many schools will be closed.
More than one million people are expected at demonstrations in Paris and other cities.
With the government showing no sign of backing down on its pension plan, one union leader has said there is talk is of escalation and bringing the country to its knees.
In the days ahead, there will be calls to extend the strikes in key sectors like power generation and gas terminals.
]]>https://api.spreaker.com/episode/53132103Wed, 08 Mar 2023 09:27:15 +0000Africa Business RadioFrance is set for disruption to transport and public services, as unions protest against plans to raise the pension age from 62 to 64. Most train and metro services are cancelled on Tuesday, and many schools will be closed. More than one million...Most train and metro services are cancelled on Tuesday, and many schools will be closed.
More than one million people are expected at demonstrations in Paris and other cities.
With the government showing no sign of backing down on its pension plan, one union leader has said there is talk is of escalation and bringing the country to its knees.
In the days ahead, there will be calls to extend the strikes in key sectors like power generation and gas terminals.
]]>55africa_business_radio,france,newscleanfullhttps://www.spreaker.com/episode/south-africa-leader-names-power-minister-amid-crisis--53132101The new minister faces two vast challenges. Power cuts of up to 12 hours a day - the government has declared a national disaster- and allegations of high-level corruption at the state-run energy giant Eskom.
Eskom is massively in debt - almost $24bn in the red.
Mr Ramaphosa also appointed the deputy head of the ANC Paul Mashatile as deputy president.]]>https://api.spreaker.com/episode/53132101Wed, 08 Mar 2023 09:18:39 +0000Africa Business RadioSouth Africa's President Cyril Ramaphosa has appointed a former mayor, Kgosientsho Ramokgopa, to the newly created position of electricity minister in an effort to address the country's long-running power crisis. The new minister faces two vast...The new minister faces two vast challenges. Power cuts of up to 12 hours a day - the government has declared a national disaster- and allegations of high-level corruption at the state-run energy giant Eskom.
Eskom is massively in debt - almost $24bn in the red.
Mr Ramaphosa also appointed the deputy head of the ANC Paul Mashatile as deputy president.]]>60africa_business_radio,news,south_africacleanfullhttps://www.spreaker.com/episode/tanzania-bans-children-under-10s-from-boarding-schools--53132102Education Commissioner Lyabwene Mtahabwa says boarding services for children up to the age of 10 will end next month, and they will remain as day scholars until they reach the next grade - known in Tanzania as standard five.
She did however say exceptions can be made for pupils whose parents or guardians obtain a special permit exempting them from the change in rules.
Ms Mtahabwa says any school found to be violating the directives will face disciplinary measures, including striking pupils from their books.]]>https://api.spreaker.com/episode/53132102Wed, 08 Mar 2023 09:14:33 +0000Africa Business RadioThe Tanzanian government has banned boarding at nursery and lower years at primary schools, saying their aim is to give children the opportunity to bond with their families - understanding the traditions, cultures and values of the country. Education...Education Commissioner Lyabwene Mtahabwa says boarding services for children up to the age of 10 will end next month, and they will remain as day scholars until they reach the next grade - known in Tanzania as standard five.
She did however say exceptions can be made for pupils whose parents or guardians obtain a special permit exempting them from the change in rules.
Ms Mtahabwa says any school found to be violating the directives will face disciplinary measures, including striking pupils from their books.]]>66africa,africa_business_radio,news,tunisiacleanfullhttps://www.spreaker.com/episode/world-bank-halts-tunisia-talks-over-migrants-row--53132100The outgoing head of the bank, David Malpass, says Mr Saied's remarks had triggered racially motivated harassment and even violence in Tunisia.
He described the situation as deeply concerning but added that recent steps by the Tunisian government to support migrants were positive.
President Saied denounced racism, despite making comments last month that African immigrants were part of a plot to change Tunisia's demographic profile.]]>https://api.spreaker.com/episode/53132100Wed, 08 Mar 2023 09:11:51 +0000Africa Business RadioThe World Bank has suspended talks over its future engagement with Tunisia following President Kais Saied's recent criticism of sub-Saharan migrants. The outgoing head of the bank, David Malpass, says Mr Saied's remarks had triggered racially...The outgoing head of the bank, David Malpass, says Mr Saied's remarks had triggered racially motivated harassment and even violence in Tunisia.
He described the situation as deeply concerning but added that recent steps by the Tunisian government to support migrants were positive.
President Saied denounced racism, despite making comments last month that African immigrants were part of a plot to change Tunisia's demographic profile.]]>57africa,africa_business_radio,migrant,news,tunisia,world_bankcleanfullhttps://www.spreaker.com/episode/nigerian-government-records-n7-34tn-fiscal-deficit-in-11-months--53132104A member of the Monetary Policy Committee, Mike Obadan, says these have continued to elicit serious concerns considering the growing yearly fiscal deficits and their implications for public debt accumulation and inflation in view of the Ways and Means Advances financing.
He says the Nigerian economy was highly challenged in 2022 as reflected by weakening growth performance, high and escalating inflation, foreign exchange market pressure and depreciating exchange rate, ballooning fiscal deficits and public debt and expanding money supply among others.]]>https://api.spreaker.com/episode/53132104Wed, 08 Mar 2023 09:09:18 +0000Africa Business RadioThe Central Bank of Nigeria revealed that the Federal Government recorded N7.34tn fiscal deficit between January 2022 and November 2022. A member of the Monetary Policy Committee, Mike Obadan, says these have continued to elicit serious concerns...A member of the Monetary Policy Committee, Mike Obadan, says these have continued to elicit serious concerns considering the growing yearly fiscal deficits and their implications for public debt accumulation and inflation in view of the Ways and Means Advances financing.
He says the Nigerian economy was highly challenged in 2022 as reflected by weakening growth performance, high and escalating inflation, foreign exchange market pressure and depreciating exchange rate, ballooning fiscal deficits and public debt and expanding money supply among others.]]>76africa_business_radio,fiscal_deficit,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-seeks-n327bn-donor-funding-for-census--53132096Agba noted that a total of N869bn is needed for the census, adding that the government committed N291,5bn with the need for an additional N327.2bn.
He says the total requirement for the census is N869bn census requirement – N626bn which is about $6 per capita (just slightly above the threshold of up to $5 per capita); Post-Census is N243bn.
Agba further disclosed that the census exercise was to be conducted last year but rescheduled for March 2023, but there is a recommendation that it should be held in May 2023.]]>https://api.spreaker.com/episode/53132096Wed, 08 Mar 2023 09:05:34 +0000Africa Business RadioThe Minister of State for Budget and National Planning, Clem Agba, has disclosed that the Federal Government plans to establish a basket fund to collect donations for the 2023 population and housing census. Agba noted that a total of N869bn is needed...Agba noted that a total of N869bn is needed for the census, adding that the government committed N291,5bn with the need for an additional N327.2bn.
He says the total requirement for the census is N869bn census requirement – N626bn which is about $6 per capita (just slightly above the threshold of up to $5 per capita); Post-Census is N243bn.
Agba further disclosed that the census exercise was to be conducted last year but rescheduled for March 2023, but there is a recommendation that it should be held in May 2023.]]>76africa_business_radio,census,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-tribunal-urged-to-vary-inspection-order-granted-atiku-obi--53132098The electoral body is praying to the court to vary the order which restrained it from tampering with materials used for the election.
The commission says it needed to reconfigure the Bimodal Voter Accreditation System for the next round of elections.]]>https://api.spreaker.com/episode/53132098Wed, 08 Mar 2023 08:58:18 +0000Africa Business RadioThe Independent National Electoral Commission is asking the Presidential Election Petition Court to vary the orders which were earlier granted to the candidates of the Peoples Democratic Party, Atiku Abubakar and Labour Party (LP)’s Peter Obi to...The electoral body is praying to the court to vary the order which restrained it from tampering with materials used for the election.
The commission says it needed to reconfigure the Bimodal Voter Accreditation System for the next round of elections.]]>522023_election,africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-president-advocate-for-least-developed-countries-integrated-into-global-value-chain--53132099The President criticised the current structure of the global financial system which places an unsustainable external debt burden on the most vulnerable countries.
He cautioned that such debt burdens would make it extremely difficult for LDCs to meet the 2030 Agenda for Seventeen Sustainable Development Goals.
President Buhari underpinned the need for reforms of the international financial architecture that prioritizes the need of Least Developed Countries.]]>https://api.spreaker.com/episode/53132099Wed, 08 Mar 2023 08:56:09 +0000Africa Business RadioPresident Muhammadu Buhari has urged developed and developing nations to grant duty-free and quota-free market access for products from the world’s 46 least-developed countries to ensure their integration into regional and global value chains. The...The President criticised the current structure of the global financial system which places an unsustainable external debt burden on the most vulnerable countries.
He cautioned that such debt burdens would make it extremely difficult for LDCs to meet the 2030 Agenda for Seventeen Sustainable Development Goals.
President Buhari underpinned the need for reforms of the international financial architecture that prioritizes the need of Least Developed Countries.]]>64africa_business_radio,developing_country,news,nigeria,value_chaincleanfullhttps://www.spreaker.com/episode/britain-prepares-to-unveil-new-powers-to-stop-asylum-seekers--53108923Under pressure from his own lawmakers to find stop the arrival of asylum seekers in Britain, Sunak has made stopping small boats one of his five key priorities.
Home Secretary Suella Braverman says that the only way into Britain would be a “safe and legal route.
Sunak says the new powers are a step towards fulfilling his pledge to “stop the boats once and for all.]]>https://api.spreaker.com/episode/53108923Mon, 06 Mar 2023 11:23:28 +0000Africa Business RadioUK Prime Minister Rishi Sunak says asylum seekers arriving in Britain on small boats through the English Channel will be prevented from staying. Under pressure from his own lawmakers to find stop the arrival of asylum seekers in Britain, Sunak has...Under pressure from his own lawmakers to find stop the arrival of asylum seekers in Britain, Sunak has made stopping small boats one of his five key priorities.
Home Secretary Suella Braverman says that the only way into Britain would be a “safe and legal route.
Sunak says the new powers are a step towards fulfilling his pledge to “stop the boats once and for all.]]>52africa_business_radio,asylum_seeker,britain,news,ukcleanfullhttps://www.spreaker.com/episode/un-member-states-agree-to-historic-deal-to-protect-high-seas--53108926After years of negotiations, negotiators from more than 100 countries completed the UN treaty – a long-awaited step that environmental groups say will help reverse marine biodiversity losses and ensure sustainable development.]]>https://api.spreaker.com/episode/53108926Mon, 06 Mar 2023 11:21:16 +0000Africa Business RadioUN member states have finally agreed to a text on the first international treaty to protect the high seas, a fragile and vital treasure that covers nearly half the planet. After years of negotiations, negotiators from more than 100 countries...After years of negotiations, negotiators from more than 100 countries completed the UN treaty – a long-awaited step that environmental groups say will help reverse marine biodiversity losses and ensure sustainable development.]]>44africa_business_radio,climate_change,news,uncleanfullhttps://www.spreaker.com/episode/tigray-rebels-deny-forming-interim-government--53108925A local news website reported that the TPLF had finalised the process of forming a 28-member interim regional administration, which needed approval by the federal government.
TPLF spokesperson Getachew Reda however says the Tigray interim administration would only be established after mutual consultations between the parties to the Pretoria agreement.]]>https://api.spreaker.com/episode/53108925Mon, 06 Mar 2023 11:18:58 +0000Africa Business RadioEthiopia's Tigray People's Liberation Front rebels have denied establishing a transitional administration in the northern region in accordance with the peace agreement signed in November last year. A local news website reported that the TPLF had...A local news website reported that the TPLF had finalised the process of forming a 28-member interim regional administration, which needed approval by the federal government.
TPLF spokesperson Getachew Reda however says the Tigray interim administration would only be established after mutual consultations between the parties to the Pretoria agreement.]]>54africa,africa_business_radio,ethiopia,news,tigraycleanfullhttps://www.spreaker.com/episode/south-african-president-to-announce-cabinet-reshuffle--53108922The changes were widely expected after Mr Ramaphosa was re-elected as leader of the ruling African National Congress party in December.
Mr Ramaphosa is expected to name a new deputy president following the resignation of David Mabuza.
Mr Ramaphosa is also expected to fill the newly created position of electricity minister as the country battles a power crisis.]]>https://api.spreaker.com/episode/53108922Mon, 06 Mar 2023 11:17:01 +0000Africa Business RadioSouth African President Cyril Ramaphosa will announce changes to his cabinet on Monday, his spokesperson Vincent Magwenya said on Sunday. The changes were widely expected after Mr Ramaphosa was re-elected as leader of the ruling African National...The changes were widely expected after Mr Ramaphosa was re-elected as leader of the ruling African National Congress party in December.
Mr Ramaphosa is expected to name a new deputy president following the resignation of David Mabuza.
Mr Ramaphosa is also expected to fill the newly created position of electricity minister as the country battles a power crisis.]]>50africa_business_radio,news,south_africacleanfullhttps://www.spreaker.com/episode/nigeria-s-political-party-pdp-leaders-protest-at-inec--53108924The development has, however, sparked apprehension in the Federal Capital Territory as residents feared the march may result in violence following the anger over the conduct and outcome of the polls.
The PDP and Labour party rejected the outcome of the election, with both laying claims to victory and vowing to challenge the result in court.]]>https://api.spreaker.com/episode/53108924Mon, 06 Mar 2023 11:13:09 +0000Africa Business RadioThe National Chairman of the Peoples Democratic Party, Mr Iyorchia Ayu, will lead some governors elected on the platform of the party on a protest march to the Independent National Electoral Commission headquarters, Abuja, over the outcome of the...The development has, however, sparked apprehension in the Federal Capital Territory as residents feared the march may result in violence following the anger over the conduct and outcome of the polls.
The PDP and Labour party rejected the outcome of the election, with both laying claims to victory and vowing to challenge the result in court.]]>562023_election,africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/central-bank-of-nigeria-releases-n114bn-under-100-for-100-policy--53108928The CBN Governor, Godwin Emefiele, stated that the funds were expended on 71 projects across healthcare, manufacturing and agriculture sectors.
He says under the 100 for 100 Policy on Production and Productivity, the Bank has disbursed the sum of N20.78 billion to nine projects in healthcare, manufacturing, and services.
The CBN fixed the maximum loan amount that a participant could get at N5bn.]]>https://api.spreaker.com/episode/53108928Mon, 06 Mar 2023 11:09:10 +0000Africa Business RadioThe Central Bank of Nigeria has disbursed N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention. The CBN Governor, Godwin Emefiele, stated that the funds were expended on 71...The CBN Governor, Godwin Emefiele, stated that the funds were expended on 71 projects across healthcare, manufacturing and agriculture sectors.
He says under the 100 for 100 Policy on Production and Productivity, the Bank has disbursed the sum of N20.78 billion to nine projects in healthcare, manufacturing, and services.
The CBN fixed the maximum loan amount that a participant could get at N5bn.]]>61africa_business_radio,cbn,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-approves-disbursement-of-n308bn-promissory-notes-to-exporting-companies--53108927The Executive Director of the Nigeria Export Promotion Council, Dr Yakusak, commended the Federal government and the National Assembly for their prompt response in approving the payment of the outstanding claims to the beneficiaries.
The NEPC’s head of corporate commissions, Ndubueze Okeke, shows that the sum of N193, 456, 239, 386.40 was approved for 133 beneficiaries of the scheme in respect of EEG outstanding claims for the period of 2017 to 2020 while the sum of N108,317, 269, 008.76 was approved for 35 beneficiaries in respect of EEG backlogs of claims for the period of 2007 to 2016 respectively.]]>https://api.spreaker.com/episode/53108927Mon, 06 Mar 2023 11:04:11 +0000Africa Business RadioThe Federal Government has approved the disbursement of N308 billion worth of Promissory Notes to 199 exporting companies under the Export Expansion Grant Scheme. The Executive Director of the Nigeria Export Promotion Council, Dr Yakusak, commended...The Executive Director of the Nigeria Export Promotion Council, Dr Yakusak, commended the Federal government and the National Assembly for their prompt response in approving the payment of the outstanding claims to the beneficiaries.
The NEPC’s head of corporate commissions, Ndubueze Okeke, shows that the sum of N193, 456, 239, 386.40 was approved for 133 beneficiaries of the scheme in respect of EEG outstanding claims for the period of 2017 to 2020 while the sum of N108,317, 269, 008.76 was approved for 35 beneficiaries in respect of EEG backlogs of claims for the period of 2007 to 2016 respectively.]]>80africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/us-downplays-sa-china-russia-military-exercise--53081667General Michael Langley says America offered much more valuable security partnerships to African countries but would not force them to pick nations to corporate militarily with.
Gen Langley described the joint naval exercise as a power projection by Russia and China.
South Africa has denied the training amounted to an endorsement of the war in Ukraine.
Gen Langley also warned of the growing involvement of Russia’s Wanger Group in conflicts across Africa, saying they were a destabilising force.]]>https://api.spreaker.com/episode/53081667Fri, 03 Mar 2023 09:10:25 +0000Africa Business RadioThe top US commander in Africa has downplayed the recent joint naval exercise by Russia, China and South Africa in the Indian Ocean. General Michael Langley says America offered much more valuable security partnerships to African countries but would...General Michael Langley says America offered much more valuable security partnerships to African countries but would not force them to pick nations to corporate militarily with.
Gen Langley described the joint naval exercise as a power projection by Russia and China.
South Africa has denied the training amounted to an endorsement of the war in Ukraine.
Gen Langley also warned of the growing involvement of Russia’s Wanger Group in conflicts across Africa, saying they were a destabilising force.]]>59africa_business_radio,china,military_drill,news,russia,south_africa,u.scleanfullhttps://www.spreaker.com/episode/japan-seeks-charges-against-ad-firms-over-olympics-contracts--53081674The regulator also filed complaints against seven unnamed individuals.
The announcement follows months of investigations into alleged corruption in the planning and sponsorship of Olympics and Paralympics events.
The Japan Fair Trade Commission says it had also filed complaints against advertising agencies Hakuhodo DY Holdings, Tokyo Agency, Fuji Creative Corporation, Cerespo and Same Two.
Dentsu, Cerespo and Fuji Creative have already been banned for nine months from bidding for contracts with Japan's industry, foreign and education ministries.]]>https://api.spreaker.com/episode/53081674Fri, 03 Mar 2023 09:06:22 +0000Africa Business RadioJapan's competition regulator has filed criminal complaints against the advertising giant Dentsu and five other firms over the alleged bid-rigging of contracts for the Tokyo 2020 Olympics. The regulator also filed complaints against seven unnamed...The regulator also filed complaints against seven unnamed individuals.
The announcement follows months of investigations into alleged corruption in the planning and sponsorship of Olympics and Paralympics events.
The Japan Fair Trade Commission says it had also filed complaints against advertising agencies Hakuhodo DY Holdings, Tokyo Agency, Fuji Creative Corporation, Cerespo and Same Two.
Dentsu, Cerespo and Fuji Creative have already been banned for nine months from bidding for contracts with Japan's industry, foreign and education ministries.]]>65africa_business_radio,japan,news,olympiccleanfullhttps://www.spreaker.com/episode/namibia-and-iceland-entwined-in-corruption-scandal--53081669Namibia is now preparing for the biggest corruption trial in its short history.
In the Fishrot scandal, a number of prominent politicians and businessmen are accused of running schemes to get control of valuable fishing quotas, for example, those held by the state fishing company Fishcor.
It is alleged that they then diverted them to the Icelandic fishing company Samherji in return for kickbacks.
Ten suspects, including former Fisheries Minister Bernard Esau and ex-Justice Minister Sakeus Shangala, are alleged to have benefitted.]]>https://api.spreaker.com/episode/53081669Fri, 03 Mar 2023 09:01:35 +0000Africa Business RadioThe financial scandal - named after a 2019 Wikileaks release called the "Fishrot Files" - stretches from Namibia to Iceland, taking in government ministers and involving at least $20m. Namibia is now preparing for the biggest corruption trial in its...Namibia is now preparing for the biggest corruption trial in its short history.
In the Fishrot scandal, a number of prominent politicians and businessmen are accused of running schemes to get control of valuable fishing quotas, for example, those held by the state fishing company Fishcor.
It is alleged that they then diverted them to the Icelandic fishing company Samherji in return for kickbacks.
Ten suspects, including former Fisheries Minister Bernard Esau and ex-Justice Minister Sakeus Shangala, are alleged to have benefitted.]]>63africa_business_radio,financial_scandal,iceland,namibia,newscleanfullhttps://www.spreaker.com/episode/era-of-french-interference-in-africa-is-over--53081675Macron said the age of Francafrique is well over while referring to France’s post-colonisation strategy of supporting authoritarian leaders to defend its interests.
Macron gave some details of the redeployment of French forces, after their departure from Mali and the Central African Republic in 2022 and from Burkina Faso last month.
He said there would be a noticeable reduction in the French troop presence in Africa in the coming months and a greater focus on training and equipping allied countries’ forces.]]>https://api.spreaker.com/episode/53081675Fri, 03 Mar 2023 08:59:55 +0000Africa Business RadioFrench President Emmanuel Macron reiterated that France harboured no desire to return to past policies of interfering in Africa after he began a four-nation tour of the continent. Macron said the age of Francafrique is well over while referring to...Macron said the age of Francafrique is well over while referring to France’s post-colonisation strategy of supporting authoritarian leaders to defend its interests.
Macron gave some details of the redeployment of French forces, after their departure from Mali and the Central African Republic in 2022 and from Burkina Faso last month.
He said there would be a noticeable reduction in the French troop presence in Africa in the coming months and a greater focus on training and equipping allied countries’ forces.]]>64africa,africa_business_radio,france,newscleanfullhttps://www.spreaker.com/episode/un-agency-predicts-50-growth-in-africa-s-e-commerce--53081670The Acting Executive Secretary, UNECA, Mr Antonio Pedro, explained that investing in the capacity building would be critical to delivering on the growth of e-commerce in the continent.
The acting executive secretary, says a large-scale infrastructure investment must be accompanied by viable policies and strategies both nationally and regionally, adding that digital technologies will also fuel Africa’s accelerated transformation.
Pedro says the African Continental Free Trade Area agreement is the framework under which Africa could ensure an African-owned transformation.]]>https://api.spreaker.com/episode/53081670Fri, 03 Mar 2023 08:58:05 +0000Africa Business RadioThe United Nations Economic Commission for Africa says e-commerce in Africa will grow by 50 per cent by 2025. The Acting Executive Secretary, UNECA, Mr Antonio Pedro, explained that investing in the capacity building would be critical to delivering...The Acting Executive Secretary, UNECA, Mr Antonio Pedro, explained that investing in the capacity building would be critical to delivering on the growth of e-commerce in the continent.
The acting executive secretary, says a large-scale infrastructure investment must be accompanied by viable policies and strategies both nationally and regionally, adding that digital technologies will also fuel Africa’s accelerated transformation.
Pedro says the African Continental Free Trade Area agreement is the framework under which Africa could ensure an African-owned transformation.]]>66africa,africa_business_radio,e-commerce,news,nigeria,uncleanfullhttps://www.spreaker.com/episode/nigerian-president-inaugurates-nnpc-power-plant-in-maiduguri--53081673The President says his administration has worked hard to fulfil the promise of tackling the nation’s electricity challenges and has succeeded in laying the foundation for a rich and prosperous country through the Economic Recovery and Growth Plan.
He noted that a critical execution priority of the ERGP is ensuring national energy sufficiency for Nigerians.]]>https://api.spreaker.com/episode/53081673Fri, 03 Mar 2023 08:51:06 +0000Africa Business RadioPresident Muhammadu Buhari inaugurated the Maiduguri Emergency Power Project, describing the feat as another testament towards achieving a stable, uninterrupted power supply aimed at improving the economy and lives of Nigerians. The President says...The President says his administration has worked hard to fulfil the promise of tackling the nation’s electricity challenges and has succeeded in laying the foundation for a rich and prosperous country through the Economic Recovery and Growth Plan.
He noted that a critical execution priority of the ERGP is ensuring national energy sufficiency for Nigerians.]]>56africa_business_radio,news,nigeria,nnpc,petroleumcleanfullhttps://www.spreaker.com/episode/nigeria-s-manufacturing-slowdown-fuels-fx-shortage--53081672The NESG Senior Economist, Dr Wilson Erumebor, stated that the last seven years for the country had been plagued with hardship especially after battling two economic recessions.
He says Nigeria Is not producing enough for local consumption and export. The consequences of having a weak manufacturing base for a country with such a large population are evident in its foreign exchange shortages, the limited number of jobs created to accommodate workforce entrants, and an import bill that can hardly be met (nor sustained) by current export earnings.
Erumebor noted that 90 per cent of workers are employed in sectors with low productivity levels—agriculture and non-tradable services.
]]>https://api.spreaker.com/episode/53081672Fri, 03 Mar 2023 08:47:01 +0000Africa Business RadioThe Nigerian Economic Group Summit says Nigeria’s weak manufacturing is a significant factor fuelling the shortage of foreign exchange The NESG Senior Economist, Dr Wilson Erumebor, stated that the last seven years for the country had been plagued...The NESG Senior Economist, Dr Wilson Erumebor, stated that the last seven years for the country had been plagued with hardship especially after battling two economic recessions.
He says Nigeria Is not producing enough for local consumption and export. The consequences of having a weak manufacturing base for a country with such a large population are evident in its foreign exchange shortages, the limited number of jobs created to accommodate workforce entrants, and an import bill that can hardly be met (nor sustained) by current export earnings.
Erumebor noted that 90 per cent of workers are employed in sectors with low productivity levels—agriculture and non-tradable services.
]]>72africa_business_radio,fx,manufacturing,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-currency-in-circulation-drops-to-n1-38tn--53081668The banking sector regulator says all Deposit Money Banks currently holding the existing denominations of the currency may begin returning these notes back to the CBN effective immediately.
He decried the challenges associated with currency management including significant hoarding of banknotes by members of the public, with statistics showing that over 80 per cent of currency-in-circulation was outside the vaults of commercial banks.
]]>https://api.spreaker.com/episode/53081668Fri, 03 Mar 2023 08:43:49 +0000Africa Business RadioThe total amount of currency-in-circulation in the country dropped from N3.29tn as of the end of October 2022 to N1.38tn as of the end of January 2023 as a result of the naira redesign policy of the Central Bank of Nigeria. The banking sector...The banking sector regulator says all Deposit Money Banks currently holding the existing denominations of the currency may begin returning these notes back to the CBN effective immediately.
He decried the challenges associated with currency management including significant hoarding of banknotes by members of the public, with statistics showing that over 80 per cent of currency-in-circulation was outside the vaults of commercial banks.
]]>64africa_business_radio,currency_circulation,naira_redesign,newscleanfullhttps://www.spreaker.com/episode/mexico-huge-crowds-rally-against-electoral-reform--52863420Lawmakers last week voted to slash the budget of the National Electoral Institute and cut its staffing.
President Andrés Manuel López Obrador accuses the INE of being partisan.
But opponents describe the recent vote as an attack on democracy, pressing the Supreme Court to overturn them as unconstitutional.
Massive crowds gathered in Mexico City's historic Zocalo Square.]]>https://api.spreaker.com/episode/52863420Mon, 27 Feb 2023 07:54:08 +0000Africa Business RadioHuge rallies have been held in several Mexican cities against what protesters say are government attempts to undermine the electoral authorities. Lawmakers last week voted to slash the budget of the National Electoral Institute and cut its staffing....Lawmakers last week voted to slash the budget of the National Electoral Institute and cut its staffing.
President Andrés Manuel López Obrador accuses the INE of being partisan.
But opponents describe the recent vote as an attack on democracy, pressing the Supreme Court to overturn them as unconstitutional.
Massive crowds gathered in Mexico City's historic Zocalo Square.]]>57africa_business_radio,electoral_reform,mexico,newscleanfullhttps://www.spreaker.com/episode/us-energy-dept-says-covid-probably-leaked-from-wuhan-lab--52863423The new coronavirus — SARS-CoV-2 — first emerged in the central Chinese city of Wuhan in late 2019 and quickly spread around the world, so far killing nearly 7 million people.
The Journal reported that the judgement for the latest classified report arose out of new intelligence and was made with low confidence.
Four US intelligence agencies believe with low confidence that COVID-19 took place through natural transmission, while two others remain undecided.]]>https://api.spreaker.com/episode/52863423Mon, 27 Feb 2023 07:51:36 +0000Africa Business RadioA newly updated classified report from the United States Department of Energy obtained by the Wall Street Journal newspaper shows that COVID-19 was probably the result of a leak from a laboratory. The new coronavirus — SARS-CoV-2 — first emerged in...The new coronavirus — SARS-CoV-2 — first emerged in the central Chinese city of Wuhan in late 2019 and quickly spread around the world, so far killing nearly 7 million people.
The Journal reported that the judgement for the latest classified report arose out of new intelligence and was made with low confidence.
Four US intelligence agencies believe with low confidence that COVID-19 took place through natural transmission, while two others remain undecided.]]>60africa_business_radio,china,covid,news,u.s,wuhan_labcleanfullhttps://www.spreaker.com/episode/israel-and-palestinians-agree-steps-to-curb-violence--52863425Israeli and Palestinian officials say that they would work closely to prevent further violence and that they reaffirmed the necessity of committing to de-escalation on the ground.
The joint statement came at the end of a meeting also attended by US, Egyptian and Jordanian officials amid growing concerns over an escalation of violence in the run-up to the holy Muslim month of Ramadan that begins in late March]]>https://api.spreaker.com/episode/52863425Mon, 27 Feb 2023 07:47:44 +0000Africa Business RadioIsraeli and Palestinian officials have pledged to implement measures to de-escalate surging violence after talks in Jordan. Israeli and Palestinian officials say that they would work closely to prevent further violence and that they reaffirmed the...Israeli and Palestinian officials say that they would work closely to prevent further violence and that they reaffirmed the necessity of committing to de-escalation on the ground.
The joint statement came at the end of a meeting also attended by US, Egyptian and Jordanian officials amid growing concerns over an escalation of violence in the run-up to the holy Muslim month of Ramadan that begins in late March]]>52africa_business_radio,isreal,news,palestinecleanfullhttps://www.spreaker.com/episode/imf-says-missing-2030-emissions-cut-target-dangerous--52863426It noted that those who were more concerned about climate change tend to be female, more educated, followers of news, and more accepting of the government’s role in regulating the economy.
Data shows that public transport users and those that rely less on cars are also more concerned about climate change.
IMF says while governments have ambitious goals, the world has yet to be on track to contain global warming to 1.5 to two degrees Celsius, adding that public support for climate action relies on policy awareness.]]>https://api.spreaker.com/episode/52863426Mon, 27 Feb 2023 07:44:10 +0000Africa Business RadioThe International Monetary Fund report says the failure to get emissions on the correct course by 2030 may lock global warming above two degrees and risk a catastrophic tipping point at which climate change becomes self-perpetuating. It noted that...It noted that those who were more concerned about climate change tend to be female, more educated, followers of news, and more accepting of the government’s role in regulating the economy.
Data shows that public transport users and those that rely less on cars are also more concerned about climate change.
IMF says while governments have ambitious goals, the world has yet to be on track to contain global warming to 1.5 to two degrees Celsius, adding that public support for climate action relies on policy awareness.]]>64africa_business_radio,global_climate_change,global_emission,imf,newscleanfullhttps://www.spreaker.com/episode/un-to-debate-alleged-war-crimes-in-ethiopia-s-tigray--52863421The council promotes human rights worldwide and investigates violations.
It's expected to focus on Russia’s actions in Ukraine. The agenda also covers alleged war crimes in Ethiopia and the suppression of women in Afghanistan and Iran.
The council will also look at Myanmar, South Sudan, North Korea and Belarus.
Member states however decided not to discuss China's alleged abuses against its Muslim Uyghur community.]]>https://api.spreaker.com/episode/52863421Mon, 27 Feb 2023 07:38:34 +0000Africa Business RadioThe United Nations Human Rights Council begins a mammoth five-week session in Geneva starting on Monday. The council promotes human rights worldwide and investigates violations. It's expected to focus on Russia’s actions in Ukraine. The agenda also...The council promotes human rights worldwide and investigates violations.
It's expected to focus on Russia’s actions in Ukraine. The agenda also covers alleged war crimes in Ethiopia and the suppression of women in Afghanistan and Iran.
The council will also look at Myanmar, South Sudan, North Korea and Belarus.
Member states however decided not to discuss China's alleged abuses against its Muslim Uyghur community.]]>53africa_business_radio,ethiopia,news,tigray,uncleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-passes-bill-to-exit-pension-scheme--52863427The Pension Fund Operators Association of Nigeria however says that the passage of the bill sets a dangerous precedent for Nigerian workers.
PenOp says the statement was to draw the attention of the public to the “Bill for an Act to amend the Pension Reform Act, 2014, to exclude/exempt the National Assembly Service from the Contributory Pension Scheme and establish the National Assembly Service Pension Board; and for Related Matters (HB 2025) which was recently passed by both chambers of the National Assembly.]]>https://api.spreaker.com/episode/52863427Mon, 27 Feb 2023 07:35:43 +0000Africa Business RadioThe National Assembly has passed a bill to exempt its workers from the scheme, 18 years after operating the Contributory Pension Scheme. The Pension Fund Operators Association of Nigeria however says that the passage of the bill sets a dangerous...The Pension Fund Operators Association of Nigeria however says that the passage of the bill sets a dangerous precedent for Nigerian workers.
PenOp says the statement was to draw the attention of the public to the “Bill for an Act to amend the Pension Reform Act, 2014, to exclude/exempt the National Assembly Service from the Contributory Pension Scheme and establish the National Assembly Service Pension Board; and for Related Matters (HB 2025) which was recently passed by both chambers of the National Assembly.]]>61africa_business_radio,lawmakers,news,nigeria,pension_schemecleanfullhttps://www.spreaker.com/episode/lagos-lists-n137bn-bond-on-nigeria-s-stock-exchange--52863422NGX says the bond is a 10-Year 13.00 per cent fixed rate unsecured bond due in 2031 under the N500bn debt issuance programme.
The bond was listed on Friday. The bond was issued at 100 per cent of par (N1,000).]]>https://api.spreaker.com/episode/52863422Mon, 27 Feb 2023 07:31:43 +0000Africa Business RadioThe Lagos State government has listed an N137,328,000,000 series IV bond on the Nigerian Stock Exchange. NGX says the bond is a 10-Year 13.00 per cent fixed rate unsecured bond due in 2031 under the N500bn debt issuance programme. The bond was...NGX says the bond is a 10-Year 13.00 per cent fixed rate unsecured bond due in 2031 under the N500bn debt issuance programme.
The bond was listed on Friday. The bond was issued at 100 per cent of par (N1,000).]]>47africa_business_radio,bond,lagos,news,stock_exchangecleanfullhttps://www.spreaker.com/episode/nigeria-s-electoral-commission-announces-some-early-results--52863424The vote in the nation went ahead mostly peacefully, despite some ransacked polling stations and late starts at many others.
Votes in presidential and parliamentary elections are collated in each of Nigeria’s 36 states before the count is transmitted to the electoral commission’s central tallying centre in the capital Abuja.]]>https://api.spreaker.com/episode/52863424Mon, 27 Feb 2023 07:27:18 +0000Africa Business RadioNigeria announced some early results from national elections on Sunday, though a victor in the race to succeed President Muhammadu Buhari is not expected till later today. The vote in the nation went ahead mostly peacefully, despite some ransacked...The vote in the nation went ahead mostly peacefully, despite some ransacked polling stations and late starts at many others.
Votes in presidential and parliamentary elections are collated in each of Nigeria’s 36 states before the count is transmitted to the electoral commission’s central tallying centre in the capital Abuja.]]>452023_election,africa_business_radio,news,nigeria,presidential_electioncleanfullhttps://www.spreaker.com/episode/norway-approves-7bn-aid-package-for-ukraine--52763721All parties in the Storting, Norway’s parliament, backed the plan that the centre-left government first presented on February 6 apart from Rodt (The Red Party), a small far-left grouping.
The plan pledges 15 billion kroner annually in civilian and military aid between 2023 and 2027.
Most Norwegian parties also approved the government’s proposal to increase aid to developing countries most affected by the war in Ukraine by 5 billion kroner, in particular, because of the increase in food prices]]>https://api.spreaker.com/episode/52763721Fri, 17 Feb 2023 06:20:06 +0000Africa Business RadioNorwegian parties backed an aid package worth 75 billion Norwegian kroner for Ukraine to be spread out over five years. All parties in the Storting, Norway’s parliament, backed the plan that the centre-left government first presented on February 6...All parties in the Storting, Norway’s parliament, backed the plan that the centre-left government first presented on February 6 apart from Rodt (The Red Party), a small far-left grouping.
The plan pledges 15 billion kroner annually in civilian and military aid between 2023 and 2027.
Most Norwegian parties also approved the government’s proposal to increase aid to developing countries most affected by the war in Ukraine by 5 billion kroner, in particular, because of the increase in food prices]]>52africa_business_radio,financial_aid,news,norway,ukrainecleanfullhttps://www.spreaker.com/episode/russia-fires-dozens-of-missiles-at-ukraine-overnight--52763727The Ukrainian army says it shot down 16 of the 36 missiles Russia launched overnight from planes and ships in the Black Sea.
Presidential chief of staff Andriy Yermak says unfortunately, there were hits in the north and west of Ukraine, as well as in the (central regions of) Dnipropetrovsk and Kirovograd.
Dnipropetrovsk regional governor Sergiy Lysak posted images on Telegram of firefighters working in the debris of partially destroyed residential homes.
]]>https://api.spreaker.com/episode/52763727Fri, 17 Feb 2023 06:18:00 +0000Africa Business RadioUkraine reported a new wave of overnight Russian missile and drone strikes, which killed at least one and damaged many buildings. The Ukrainian army says it shot down 16 of the 36 missiles Russia launched overnight from planes and ships in the Black...The Ukrainian army says it shot down 16 of the 36 missiles Russia launched overnight from planes and ships in the Black Sea.
Presidential chief of staff Andriy Yermak says unfortunately, there were hits in the north and west of Ukraine, as well as in the (central regions of) Dnipropetrovsk and Kirovograd.
Dnipropetrovsk regional governor Sergiy Lysak posted images on Telegram of firefighters working in the debris of partially destroyed residential homes.
]]>55africa_business_radio,news,russia,ukrainecleanfullhttps://www.spreaker.com/episode/world-bank-president-resigns-to-step-down-in-june--52763724Malpass says after a good deal of thought decided to pursue new challenges adding that it is an opportunity for a smooth leadership transition as the Bank Group works to meet increasing global challenges.
His tenure at the World Bank, spanning four years, saw the group face global crises such as the COVID-19 pandemic and the Russian invasion of Ukraine, as well as an international economic slowdown.]]>https://api.spreaker.com/episode/52763724Fri, 17 Feb 2023 06:14:44 +0000Africa Business RadioWorld Bank President, David Malpass says that he would step down by the end of June from his position heading the development lender. Malpass says after a good deal of thought decided to pursue new challenges adding that it is an opportunity for a...Malpass says after a good deal of thought decided to pursue new challenges adding that it is an opportunity for a smooth leadership transition as the Bank Group works to meet increasing global challenges.
His tenure at the World Bank, spanning four years, saw the group face global crises such as the COVID-19 pandemic and the Russian invasion of Ukraine, as well as an international economic slowdown.]]>54africa_business_radio,news,world_bankcleanfullhttps://www.spreaker.com/episode/zambia-aims-to-double-power-generation-by-2030--52763720The country, Africa’s second-biggest copper producer, has an electricity generation capacity of 3,500 megawatts and last month signed a $2bn deal with the United Arab Emirates to build solar plants.
President Hichilema says they were only able to invest in 3,500MW in 57 years after he commissioned a 33MW solar plant in the northern town of Kitwe.
The head of Zambia's power supplier, Copperbelt Energy Corporation, said the country has the potential to become a hub for regional power trade.]]>https://api.spreaker.com/episode/52763720Fri, 17 Feb 2023 06:09:02 +0000Africa Business RadioZambia’s President Hakainde Hichilema says the country needs to double its power generation to grow the economy. The country, Africa’s second-biggest copper producer, has an electricity generation capacity of 3,500 megawatts and last month signed a...The country, Africa’s second-biggest copper producer, has an electricity generation capacity of 3,500 megawatts and last month signed a $2bn deal with the United Arab Emirates to build solar plants.
President Hichilema says they were only able to invest in 3,500MW in 57 years after he commissioned a 33MW solar plant in the northern town of Kitwe.
The head of Zambia's power supplier, Copperbelt Energy Corporation, said the country has the potential to become a hub for regional power trade.]]>59africa,africa_business_radio,news,power_generation,zambiacleanfullhttps://www.spreaker.com/episode/over-380-ethiopian-migrants-rescued-off-djibouti--52763719The UN migration agency says the rise in immigration around the world is being driven by the impact of climate change as well as conflict and loss of livelihoods.
It reports that last year there were 150,000 crossings along the "eastern route" - through Yemen and into Saudi Arabia and other Gulf states.
He says many set off on perilous journeys, attracted by the “illusion” of a better life abroad but are oblivious to the dangers that lie along the way.]]>https://api.spreaker.com/episode/52763719Fri, 17 Feb 2023 06:04:53 +0000Africa Business RadioThe International Organization for Migration says illegal migration is now back to pre-pandemic levels, with Djiboutian authorities rescuing 383 undocumented Ethiopian migrants whose boat was at risk of capsizing in the Gulf of Aden in the past week...The UN migration agency says the rise in immigration around the world is being driven by the impact of climate change as well as conflict and loss of livelihoods.
It reports that last year there were 150,000 crossings along the "eastern route" - through Yemen and into Saudi Arabia and other Gulf states.
He says many set off on perilous journeys, attracted by the “illusion” of a better life abroad but are oblivious to the dangers that lie along the way.]]>43africa_business_radio,djiboutia,ethiopia,immigrant,newscleanfullhttps://www.spreaker.com/episode/south-africa-s-deputy-president-resigns--52763726Local reports say it comes as no surprise because Mr Mabuza had already announced earlier this month that he would be stepping down.
He will stay in the post until Mr Ramaphosa announces his successor, widely expected to be new ANC Deputy President Paul Mashatile.
A cabinet reshuffle is expected next week once South Africa's annual budget is announced.]]>https://api.spreaker.com/episode/52763726Fri, 17 Feb 2023 05:54:10 +0000Africa Business RadioSouth African President Cyril Ramaphosa has announced the resignation of his deputy, David Mabuza, thanking him for his unwavering support over the last five years. Local reports say it comes as no surprise because Mr Mabuza had already announced...Local reports say it comes as no surprise because Mr Mabuza had already announced earlier this month that he would be stepping down.
He will stay in the post until Mr Ramaphosa announces his successor, widely expected to be new ANC Deputy President Paul Mashatile.
A cabinet reshuffle is expected next week once South Africa's annual budget is announced.]]>53africa_business_radio,news,south_africacleanfullhttps://www.spreaker.com/episode/us-to-return-954-000-alamieyeseigha-loot--52763723US Ambassador to Nigeria, Mary Beth Leonard says the official salary of the former governor during his tenure as a public servant from 1999 to his impeachment in 2005 did not match the said amount.
She says during that time, he accumulated millions of dollars through abuse of office, money laundering.]]>https://api.spreaker.com/episode/52763723Fri, 17 Feb 2023 05:46:52 +0000Africa Business RadioThe United States Government has returned $954,000 stolen by the former Governor of Bayelsa State, Diepreye Alamieyeseigha, to the state government through the Federal Government. US Ambassador to Nigeria, Mary Beth Leonard says the official salary...US Ambassador to Nigeria, Mary Beth Leonard says the official salary of the former governor during his tenure as a public servant from 1999 to his impeachment in 2005 did not match the said amount.
She says during that time, he accumulated millions of dollars through abuse of office, money laundering.]]>68africa_business_radio,alamieyeseigha_loot,corruption,newscleanfullhttps://www.spreaker.com/episode/uk-issues-safety-advisories-on-banks-atms--52763722The country urged its citizens in Nigeria and those travelling into the country to take extra precautions around banks and Automated Teller Machines.
This is as the United Kingdom government also informed her citizens of the coming general elections in Nigeria, warning them of possible pockets of violence in some parts of the country.]]>https://api.spreaker.com/episode/52763722Fri, 17 Feb 2023 05:41:46 +0000Africa Business RadioThe United Kingdom, through its Foreign, Commonwealth and Development Office, has issued safety advisories to its citizens in Nigeria and those travelling into Nigeria following the Central Bank of Nigeria naira redesign policy. The country urged its...The country urged its citizens in Nigeria and those travelling into the country to take extra precautions around banks and Automated Teller Machines.
This is as the United Kingdom government also informed her citizens of the coming general elections in Nigeria, warning them of possible pockets of violence in some parts of the country.]]>68africa_business_radio,news,nigeria,u.kcleanfullhttps://www.spreaker.com/episode/nigerian-president-approves-old-n200-note-as-legal-tender-till-april-10--52763725He also apologized to Nigerians for the difficulties experienced in accessing the scarce new naira notes.
He says to further ease the supply pressures on the citizens, the old N200 bank notes be released back into circulation and that it should also be allowed to circulate as legal tender with the new N200, N500, and N1000 banknotes for 60 days.]]>https://api.spreaker.com/episode/52763725Fri, 17 Feb 2023 05:07:07 +0000Africa Business RadioThe President, Muhammadu Buhari has approved the continued use of the old N200 as legal tender till April 10. He also apologized to Nigerians for the difficulties experienced in accessing the scarce new naira notes. He says to further ease the supply...He also apologized to Nigerians for the difficulties experienced in accessing the scarce new naira notes.
He says to further ease the supply pressures on the citizens, the old N200 bank notes be released back into circulation and that it should also be allowed to circulate as legal tender with the new N200, N500, and N1000 banknotes for 60 days.]]>522023_election,africa_business_radio,legal_tenders,new_naira,news,nigeriacleanfullhttps://www.spreaker.com/episode/japan-appoints-university-academic-as-next-central-bank-governor--52740958The respected economist, described as careful and cautious, was a surprise pick for the change of guard after the outgoing governor’s deputy reportedly turned down the job.
Japan's gross domestic product expanded just 0.2 per cent in the last quarter of 2022, a smaller rebound than expected despite the long-awaited reopening of the country to tourists.]]>https://api.spreaker.com/episode/52740958Wed, 15 Feb 2023 11:01:25 +0000Africa Business RadioEconomics professor Kazuo Ueda has been nominated as the Bank of Japan’s next governor, tasked with navigating a way forward after a decade of extraordinary monetary easing. The respected economist, described as careful and cautious, was a surprise...The respected economist, described as careful and cautious, was a surprise pick for the change of guard after the outgoing governor’s deputy reportedly turned down the job.
Japan's gross domestic product expanded just 0.2 per cent in the last quarter of 2022, a smaller rebound than expected despite the long-awaited reopening of the country to tourists.]]>52africa_business_radio,central_bank,japan,newscleanfullhttps://www.spreaker.com/episode/new-zealand-declares-rare-national-emergency-after-massive-storm--52740965Local media reports showed people stranded on their roofs amid the rising waters, houses swept away by landslides and roads submerged by water.
Kieran McAnulty, minister of emergency management, signed the declaration as emergency services struggled to cope. The decision means more resources can be directed to the six most badly affected regions.]]>https://api.spreaker.com/episode/52740965Wed, 15 Feb 2023 10:59:24 +0000Africa Business RadioNew Zealand has declared a national state of emergency for only the third time in its history after Cyclone Gabrielle swept across the country’s north, bringing widespread flooding and leaving tens of thousands of people without power. Local media...Local media reports showed people stranded on their roofs amid the rising waters, houses swept away by landslides and roads submerged by water.
Kieran McAnulty, minister of emergency management, signed the declaration as emergency services struggled to cope. The decision means more resources can be directed to the six most badly affected regions.]]>55africa_business_radio,cyclone,national_emergency,news,new_zealandcleanfullhttps://www.spreaker.com/episode/chinese-balloon-sensors-recovered-from-the-atlantic-ocean--52740961US Northern Command says search crews found significant debris from the site, including all of the priority sensor and electronics pieces identified.
The FBI is examining the items, which the US says were used to spy on sensitive military sites.
US officials says the high-altitude balloon originated in China and was used for surveillance, but China said it was merely a weather-monitoring airship that had blown astray.]]>https://api.spreaker.com/episode/52740961Wed, 15 Feb 2023 10:57:33 +0000Africa Business RadioThe US military says the sensors from the first suspected Chinese spy balloon shot down over the US have been recovered from the Atlantic Ocean. US Northern Command says search crews found significant debris from the site, including all of the...US Northern Command says search crews found significant debris from the site, including all of the priority sensor and electronics pieces identified.
The FBI is examining the items, which the US says were used to spy on sensitive military sites.
US officials says the high-altitude balloon originated in China and was used for surveillance, but China said it was merely a weather-monitoring airship that had blown astray.]]>54africa_business_radio,atlantic_ocean,balloon_sensors,china,news,u.scleanfullhttps://www.spreaker.com/episode/equatorial-guinea-confirms-marburg-virus-outbreak--52740959The World Health Organization says 16 people are now under quarantine as suspected contact cases. The health body has deployed a team of experts to the area to support health workers.
The country’s Health Minister Mitoha Ondo'o Ayekaba earlier said preliminary investigations linked the deaths to people who attended a funeral ceremony.
Movement has been restricted around two villages where most cases have been reported.]]>https://api.spreaker.com/episode/52740959Wed, 15 Feb 2023 10:53:28 +0000Africa Business RadioThe authorities in Equatorial Guinea say the country had reported its first outbreak of the Marburg virus, a highly infectious disease in the same family of viruses that cause Ebola. The World Health Organization says 16 people are now under...The World Health Organization says 16 people are now under quarantine as suspected contact cases. The health body has deployed a team of experts to the area to support health workers.
The country’s Health Minister Mitoha Ondo'o Ayekaba earlier said preliminary investigations linked the deaths to people who attended a funeral ceremony.
Movement has been restricted around two villages where most cases have been reported.]]>59africa,africa_business_radio,ebola,equatorial_guinea,health,marburg_virus,newscleanfullhttps://www.spreaker.com/episode/south-africa-declares-national-disaster-over-floods--52740963The government declared a national state of disaster to enable an intensive, coordinated response to the impact of floods.
It says the heavy rains were brought by the La Niña global weather phenomenon, which occurs in the Pacific Ocean.
]]>https://api.spreaker.com/episode/52740963Wed, 15 Feb 2023 10:50:10 +0000Africa Business RadioSouth Africa declared a national disaster after heavy rains left seven of its nine provinces flooded, destroying roads and bridges and leaving farmers suffering losses. The government declared a national state of disaster to enable an intensive,...The government declared a national state of disaster to enable an intensive, coordinated response to the impact of floods.
It says the heavy rains were brought by the La Niña global weather phenomenon, which occurs in the Pacific Ocean.
]]>42africa,africa_business_radio,flooding,national_disaster,news,south_africacleanfullhttps://www.spreaker.com/episode/nigeria-s-deep-water-exploration-vessel-bonga-attains-one-billion-barrels-oil-export--52740957The Managing Director of Shell Nigeria Exploration and Production Company Limited, Elohor Aiboni, described the milestone as a celebration of excellence and focused delivery that has brought significant benefits to Nigeria and Nigerians.
SNEPCo’ s first female Managing Director, Aiboni says the integrated delivery approach, continuous improvement and the support lever offered by Shell Group are the pillars of SNEPCo’s achievement.
]]>https://api.spreaker.com/episode/52740957Wed, 15 Feb 2023 10:47:40 +0000Africa Business RadioNigeria’s first deep-water exploration and production vessel, Bonga, hit a one-billion-barrel oil export mark. The Managing Director of Shell Nigeria Exploration and Production Company Limited, Elohor Aiboni, described the milestone as a celebration...The Managing Director of Shell Nigeria Exploration and Production Company Limited, Elohor Aiboni, described the milestone as a celebration of excellence and focused delivery that has brought significant benefits to Nigeria and Nigerians.
SNEPCo’ s first female Managing Director, Aiboni says the integrated delivery approach, continuous improvement and the support lever offered by Shell Group are the pillars of SNEPCo’s achievement.
]]>53africa_business_radio,bonga,news,nigeria,oil,shellcleanfullhttps://www.spreaker.com/episode/nigeria-s-debt-management-office-raises-n724-9bn-in-february-bond-auction--52740964DBO say it was a 100% increase compared to the previous year.
The auction saw a total of 577 bids worth N724.9 billion received for the total amount offered of N360 billion.
The total amount allotted was N771.56 billion, with successful bids allotted at marginal rates of 13.99%, 14.90%, 15.90%, and 16.00%.
The DMO’s says the auction was part of its efforts to raise funds for the implementation of the Federal Government’s 2023 budget and to finance critical infrastructure projects across the country.]]>https://api.spreaker.com/episode/52740964Wed, 15 Feb 2023 10:43:47 +0000Africa Business RadioThe Debt Management Office has announced that it raised N724.9 billion in February 2023 Federal Government bond auction. DBO say it was a 100% increase compared to the previous year. The auction saw a total of 577 bids worth N724.9 billion received...DBO say it was a 100% increase compared to the previous year.
The auction saw a total of 577 bids worth N724.9 billion received for the total amount offered of N360 billion.
The total amount allotted was N771.56 billion, with successful bids allotted at marginal rates of 13.99%, 14.90%, 15.90%, and 16.00%.
The DMO’s says the auction was part of its efforts to raise funds for the implementation of the Federal Government’s 2023 budget and to finance critical infrastructure projects across the country.]]>68africa_business_radio,debt_management,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-petrol-ex-depot-price-jumps-110-in-four-months--52740966The data showed that the ex-depot price rose from N148 per litre last October to an average of N312 per litre on February 3 this year.
The Nigerian National Petroleum Company Limited had set the price at which products can be sold to oil marketers at depots at N148 per litre.
It noted that N303/litre was recorded at Apapa depots, while N305/litre was recorded at Ibafon depots. The product was sold at the highest price of N312/ltr at the Satellite depot- all in Lagos State.
DAPPMAN also cited illegal levies and the high cost of daughter's vessels as other factors fuelling the price hikes.
]]>https://api.spreaker.com/episode/52740966Wed, 15 Feb 2023 10:40:20 +0000Africa Business RadioEx-depot price of Premium Motor Spirit otherwise known as petrol has risen by 110 per cent in four months. The data showed that the ex-depot price rose from N148 per litre last October to an average of N312 per litre on February 3 this year. The...The data showed that the ex-depot price rose from N148 per litre last October to an average of N312 per litre on February 3 this year.
The Nigerian National Petroleum Company Limited had set the price at which products can be sold to oil marketers at depots at N148 per litre.
It noted that N303/litre was recorded at Apapa depots, while N305/litre was recorded at Ibafon depots. The product was sold at the highest price of N312/ltr at the Satellite depot- all in Lagos State.
DAPPMAN also cited illegal levies and the high cost of daughter's vessels as other factors fuelling the price hikes.
]]>67africa_business_radio,news,nigeria,petroleumcleanfullhttps://www.spreaker.com/episode/nigerian-minister-rejects-proposal-seeking-to-establish-new-agencies--52740962The Minister of Finance, Budget and National Planning, Zainab Ahmed, argued this at the opening session of the Dialogue on the National Monitoring and Evaluation Policy and Women’s Economic Empowerment at the State House, Abuja.
Ahmed says the Federal Government had upgraded its monitoring and evaluation framework by involving citizens in its projects.]]>https://api.spreaker.com/episode/52740962Wed, 15 Feb 2023 10:37:58 +0000Africa Business RadioA proposal for the creation of new agencies to monitor and evaluate Federal Government projects by the National Institute of Peace and Strategic Studies has been rejected by the Federal Government. The Minister of Finance, Budget and National...The Minister of Finance, Budget and National Planning, Zainab Ahmed, argued this at the opening session of the Dialogue on the National Monitoring and Evaluation Policy and Women’s Economic Empowerment at the State House, Abuja.
Ahmed says the Federal Government had upgraded its monitoring and evaluation framework by involving citizens in its projects.]]>52africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/germany-offers-temporary-visas-for-turkish-syrian-quake-victims--52716052German Interior Minister Nancy Faeser says it is emergency aid and they want to allow Turkish or Syrian families in Germany to bring their close relatives from the disaster area to their homes without bureaucracy.
She says this would be done with regular visas, which would be swiftly issued and remain valid for three months.
The decision comes as the death toll from the earthquakes surpassed 29,000 on Sunday. Millions have been displaced in both countries.
]]>https://api.spreaker.com/episode/52716052Mon, 13 Feb 2023 11:02:48 +0000Africa Business RadioGermany Government says People affected by the earthquakes in Turkey and Syria will be allowed to stay temporarily with relatives in Germany. German Interior Minister Nancy Faeser says it is emergency aid and they want to allow Turkish or Syrian...German Interior Minister Nancy Faeser says it is emergency aid and they want to allow Turkish or Syrian families in Germany to bring their close relatives from the disaster area to their homes without bureaucracy.
She says this would be done with regular visas, which would be swiftly issued and remain valid for three months.
The decision comes as the death toll from the earthquakes surpassed 29,000 on Sunday. Millions have been displaced in both countries.
]]>51africa_business_radio,germany,news,syria,turkeycleanfullhttps://www.spreaker.com/episode/auckland-braces-as-cyclone-gabrielle-nears--52716054People in the city and its surrounding areas were asked to stay home for all but essential trips as train services were cancelled, flights suspended, and libraries and most schools closed.
Rachel Kelleher, deputy controller of Auckland Emergency Management, says they expect the impacts of Cyclone Gabrielle to get, unfortunately, worse before they get better.
The cyclone comes two weeks after a record-breaking storm swamped Auckland and killed four people.]]>https://api.spreaker.com/episode/52716054Mon, 13 Feb 2023 11:00:57 +0000Africa Business RadioResidents in Auckland, New Zealand’s biggest city, are hunkering down at home as they brace for heavy rain, flooding and gale-force winds from Cyclone Gabrielle. People in the city and its surrounding areas were asked to stay home for all but...People in the city and its surrounding areas were asked to stay home for all but essential trips as train services were cancelled, flights suspended, and libraries and most schools closed.
Rachel Kelleher, deputy controller of Auckland Emergency Management, says they expect the impacts of Cyclone Gabrielle to get, unfortunately, worse before they get better.
The cyclone comes two weeks after a record-breaking storm swamped Auckland and killed four people.]]>55africa_business_radio,auckland,cyclone,newscleanfullhttps://www.spreaker.com/episode/burundi-rescue-sends-team-to-earthquake-hit-turkey--52716057Burundi Foreign Affair Minister Albert Shingiro says they will be deployed by Turkish authorities to areas where they need them most.
Burundi did not deploy a team to Syria because access to affected areas is difficult, but the minister added that they sympathise with the suffering brotherly people of Syria.]]>https://api.spreaker.com/episode/52716057Mon, 13 Feb 2023 10:58:31 +0000Africa Business RadioBurundi has deployed a specialised team of ten to Turkey to help in the rescue and recovery operations following last week's devastating earthquake. Burundi Foreign Affair Minister Albert Shingiro says they will be deployed by Turkish authorities to...Burundi Foreign Affair Minister Albert Shingiro says they will be deployed by Turkish authorities to areas where they need them most.
Burundi did not deploy a team to Syria because access to affected areas is difficult, but the minister added that they sympathise with the suffering brotherly people of Syria.]]>46africa_business_radio,burundi,natural_disaster,news,syria,turkeycleanfullhttps://www.spreaker.com/episode/malawi-drops-charges-against-anti-corruption-chief--52716053Martha Chizuma was facing charges of criminal defamation over a leaked audio in which she allegedly made remarks suggesting that a number of senior government officials and some judicial officers were hindering the fight against corruption.
The Director of Public Prosecutions says he discontinued the cases following a review and consultation with the attorney general. Ms Chizuma's lawyer however told Voice of America that the charges have not been formally dropped.]]>https://api.spreaker.com/episode/52716053Mon, 13 Feb 2023 10:54:08 +0000Africa Business RadioMalawi has dropped criminal charges against the head of the anti-corruption agency following pressure from the country’s main donors and local civil society groups. Martha Chizuma was facing charges of criminal defamation over a leaked audio in which...Martha Chizuma was facing charges of criminal defamation over a leaked audio in which she allegedly made remarks suggesting that a number of senior government officials and some judicial officers were hindering the fight against corruption.
The Director of Public Prosecutions says he discontinued the cases following a review and consultation with the attorney general. Ms Chizuma's lawyer however told Voice of America that the charges have not been formally dropped.]]>55africa,africa_business_radio,corruption,malawi,newscleanfullhttps://www.spreaker.com/episode/nigeria-earns-4-8bn-from-non-oil-export-in-2022--52716055Ekiti State Coordinator, NEPC, Mrs Iyabode Abe, says over $4.82bn was generated from the non-oil export business in the year 2022 as a result of the Council’s effort in promoting non-oil export which jacked up the Gross Domestic Product economy of the country by 15 per cent.
She says that the Council was committed to stepping up efforts to promote non-export through training programmes, that will expose SMEs to some technicalities of export business for them to have clear competitive edge in the global market.]]>https://api.spreaker.com/episode/52716055Mon, 13 Feb 2023 10:51:53 +0000Africa Business RadioThe Nigerian Export Promotion Council has expressed its commitment to ensure that in 2023, Nigeria makes more than $4.82bn it generated from non-oil export business in 2022. Ekiti State Coordinator, NEPC, Mrs Iyabode Abe, says over $4.82bn was...Ekiti State Coordinator, NEPC, Mrs Iyabode Abe, says over $4.82bn was generated from the non-oil export business in the year 2022 as a result of the Council’s effort in promoting non-oil export which jacked up the Gross Domestic Product economy of the country by 15 per cent.
She says that the Council was committed to stepping up efforts to promote non-export through training programmes, that will expose SMEs to some technicalities of export business for them to have clear competitive edge in the global market.]]>64africa_business_radio,export,news,petroleumcleanfullhttps://www.spreaker.com/episode/nigerian-president-approves-work-plan-for-national-council-on-climate-change--52716051The President also approved the deployment of staff from key Ministries, Department and Agencies to the Council to ensure its effective take-off.
President Buhari approved the proposed Institutional Arrangement for the Council while eesponding to a number of requests by the Director-General of the Council, on ensuring a smooth take-off and operationalization of the Council.
]]>https://api.spreaker.com/episode/52716051Mon, 13 Feb 2023 10:46:11 +0000Africa Business RadioPresident Muhammadu Buhari approved a work plan for the National Council on Climate Change. The President also approved the deployment of staff from key Ministries, Department and Agencies to the Council to ensure its effective take-off. President...The President also approved the deployment of staff from key Ministries, Department and Agencies to the Council to ensure its effective take-off.
President Buhari approved the proposed Institutional Arrangement for the Council while eesponding to a number of requests by the Director-General of the Council, on ensuring a smooth take-off and operationalization of the Council.
]]>44africa_business_radio,climate_change,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-risks-cbn-induced-recession-over-cash-crunch--52716056The Forum lamented that though the Attorney General of the Federation, Abubakar Malami said the Federal Government would comply with the order of the Supreme Court of Nigeria nullifying the February 10 deadline for the validity of three old notes, Nigerians have not experienced any change so far.
The Chairman of the Forum and Sokoto State Governor, Aminu Tambuwal called on the Federal Government and the CBN to respect the Rule of Law and listen to the voice of reason expressed by Nigerians and several other stakeholders including the Council of State, before the damage to the economy becomes too great to fix by the next administration.]]>https://api.spreaker.com/episode/52716056Mon, 13 Feb 2023 10:43:11 +0000Africa Business RadioThe Nigeria Governors’ Forum has warned that the continuous scarcity of the N200, N500 and N1,000 new notes may lead to economic recession as well as severe food inflation. The Forum lamented that though the Attorney General of the Federation,...The Forum lamented that though the Attorney General of the Federation, Abubakar Malami said the Federal Government would comply with the order of the Supreme Court of Nigeria nullifying the February 10 deadline for the validity of three old notes, Nigerians have not experienced any change so far.
The Chairman of the Forum and Sokoto State Governor, Aminu Tambuwal called on the Federal Government and the CBN to respect the Rule of Law and listen to the voice of reason expressed by Nigerians and several other stakeholders including the Council of State, before the damage to the economy becomes too great to fix by the next administration.]]>67africa_business_radio,cash_crunch,cbn,news,nigeriacleanfullhttps://www.spreaker.com/episode/australia-to-remove-chinese-made-cameras-from-defence-sites--52690262It follows similar moves in the United States and Britain, which have taken measures to stop government departments from installing Chinese-made cameras at sensitive sites.
Both countries have expressed fears that Chinese companies could be forced to share intelligence collected by the cameras with Beijing’s security services.
At least 913 Chinese-made cameras have been installed across more than 250 Australian government buildings, according to official figures compiled by opposition politician James Paterson.
Australian Defence Minister Richard Marles says officials would hunt down and remove all Chinese-made security cameras within its buildings.
]]>https://api.spreaker.com/episode/52690262Fri, 10 Feb 2023 08:24:24 +0000Africa Business RadioAustralia’s defense department will strip its buildings of Chinese-made security cameras to ensure they are completely secure. It follows similar moves in the United States and Britain, which have taken measures to stop government departments from...It follows similar moves in the United States and Britain, which have taken measures to stop government departments from installing Chinese-made cameras at sensitive sites.
Both countries have expressed fears that Chinese companies could be forced to share intelligence collected by the cameras with Beijing’s security services.
At least 913 Chinese-made cameras have been installed across more than 250 Australian government buildings, according to official figures compiled by opposition politician James Paterson.
Australian Defence Minister Richard Marles says officials would hunt down and remove all Chinese-made security cameras within its buildings.
]]>66africa_business_radio,app_ban,australia,china,newscleanfullhttps://www.spreaker.com/episode/turkey-syria-earthquake-death-toll-tops-15-000--52690258Turkish President Recep Tayyip Erdogan conceded shortcomings after criticism of his government’s response to the massive earthquake, which is one of the deadliest this century.
The White Helmets, leading efforts to rescue people buried under rubble in rebel-held areas of Syria, have appealed for international help in their race against time.]]>https://api.spreaker.com/episode/52690258Fri, 10 Feb 2023 08:22:22 +0000Africa Business RadioThe death toll from the massive earthquake in Turkey and Syria 7.8-magnitude quake is expected to rise sharply as rescue efforts near the 72-hour mark that disaster experts consider the most likely period to save lives. Turkish President Recep...Turkish President Recep Tayyip Erdogan conceded shortcomings after criticism of his government’s response to the massive earthquake, which is one of the deadliest this century.
The White Helmets, leading efforts to rescue people buried under rubble in rebel-held areas of Syria, have appealed for international help in their race against time.]]>64africa_business_radio,earthquake,news,syria,turkeycleanfullhttps://www.spreaker.com/episode/ethiopia-bans-planned-rallies-by-orthodox-church-factions--52690256The Security and Intelligence Task Force said no permissions were issued for the rallies and warned citizens to keep off the venues.
Its highest decision-making body, the synod, had called for the rally in Addis Ababa’s main square to protest against the alleged government's support to breakaway clergy.
The breakaway group also announced it would also hold rallies on the same day.
The breakaway clergy accuses the church of maintaining a system of linguistic and cultural hegemony in which congregations in Oromia are not served in their native languages.]]>https://api.spreaker.com/episode/52690256Fri, 10 Feb 2023 08:18:52 +0000Africa Business RadioThe authorities in Ethiopia have banned parallel rallies by supporters of the Orthodox Church and those backing a breakaway group that was planned to be held in the capital, Addis Ababa. The Security and Intelligence Task Force said no permissions...The Security and Intelligence Task Force said no permissions were issued for the rallies and warned citizens to keep off the venues.
Its highest decision-making body, the synod, had called for the rally in Addis Ababa’s main square to protest against the alleged government's support to breakaway clergy.
The breakaway group also announced it would also hold rallies on the same day.
The breakaway clergy accuses the church of maintaining a system of linguistic and cultural hegemony in which congregations in Oromia are not served in their native languages.]]>69africa,africa_business_radio,ethiopia,news,parallel_rallycleanfullhttps://www.spreaker.com/episode/malawi-state-loses-anti-corruption-chief-suspension-bid--52690259Ms. Chizuma was interdicted on grounds that she was facing criminal charges whereby she is accused of defaming some high-ranking government officials.
The alleged defamatory remarks are contained in a secretly recorded private conversation that she had with a person not employed by her office.
The president however says he would not sack her because he considered the recording and its circulation to be corruption fighting back.]]>https://api.spreaker.com/episode/52690259Fri, 10 Feb 2023 08:17:27 +0000Africa Business RadioA high court in Malawi has rejected a bid by the government to uphold the suspension of the head of the Anti-Corruption Bureau, Martha Chizuma. Ms. Chizuma was interdicted on grounds that she was facing criminal charges whereby she is accused of...Ms. Chizuma was interdicted on grounds that she was facing criminal charges whereby she is accused of defaming some high-ranking government officials.
The alleged defamatory remarks are contained in a secretly recorded private conversation that she had with a person not employed by her office.
The president however says he would not sack her because he considered the recording and its circulation to be corruption fighting back.]]>71africa,africa_business_radio,anti_corruption,malawi,newscleanfullhttps://www.spreaker.com/episode/kenya-ex-interior-minister-seeks-to-block-detention--52690260His lawyer filed an application at a high court in the capital, Nairobi, seeking to bar the police from arresting or harassing the former minister. The court has not ruled on the request.
Inspector General of Police Japheth Koome says the police force had not deployed any officer to the home of the former minister however Mr Matiang’i's family said that a group of men who declined to identify themselves arrived at their home on Wednesday night and did not explain their mission.]]>https://api.spreaker.com/episode/52690260Fri, 10 Feb 2023 08:16:08 +0000Africa Business RadioKenya's former interior minister Fred Matiang’i has sought anticipatory bail, saying he fears he could be arrested and arraigned in court for political reasons. His lawyer filed an application at a high court in the capital, Nairobi, seeking to bar...His lawyer filed an application at a high court in the capital, Nairobi, seeking to bar the police from arresting or harassing the former minister. The court has not ruled on the request.
Inspector General of Police Japheth Koome says the police force had not deployed any officer to the home of the former minister however Mr Matiang’i's family said that a group of men who declined to identify themselves arrived at their home on Wednesday night and did not explain their mission.]]>61africa,africa_business_radio,kenya,newscleanfullhttps://www.spreaker.com/episode/nigerian-government-blames-benin-republic-for-nigeria-s-low-imports--52690264The Customs Area Controller in charge of Seme command, Dera Nnadi blamed the Benin Republic trade policy for the dearth of imports through the command.
Nnadi also said the command recorded five import declarations with a total duty paid value of N13m paid in 10 days.
He says within the period under review, 122 trucks carrying 3.77 metric tons of made-in-Nigeria products were exported.
Nnadi added that the exported products had a free onboard value of N523m and the National Export Supervision Scheme fee of N2m.]]>https://api.spreaker.com/episode/52690264Fri, 10 Feb 2023 08:14:27 +0000Africa Business RadioThe Nigeria Customs Service says that the Benin Republic trade policy was hostile to Nigerian traders. The Customs Area Controller in charge of Seme command, Dera Nnadi blamed the Benin Republic trade policy for the dearth of imports through the...The Customs Area Controller in charge of Seme command, Dera Nnadi blamed the Benin Republic trade policy for the dearth of imports through the command.
Nnadi also said the command recorded five import declarations with a total duty paid value of N13m paid in 10 days.
He says within the period under review, 122 trucks carrying 3.77 metric tons of made-in-Nigeria products were exported.
Nnadi added that the exported products had a free onboard value of N523m and the National Export Supervision Scheme fee of N2m.]]>63africa_business_radio,customs_service,import,news,nigeria,trade_policycleanfullhttps://www.spreaker.com/episode/nigerian-governor-says-misguided-elements-against-court-judgement--52690261Matawalle, says he was fully convinced that those against the gov’s action and subsequent triumph at the court were either misguided or blinded by political chauvinism.
The governor expressed his dismay that due to myopic political rivalry, some political parties and disgruntled politicians were challenging the decision of the apex court which was rightfully taken in the interest of the ordinary Nigerian and the survival of Nigeria’s micro-economy.]]>https://api.spreaker.com/episode/52690261Fri, 10 Feb 2023 08:13:08 +0000Africa Business RadioThe Zamfara State Governor, Bello Mattawalle, has described the comments trailing the decision of the Supreme Court to listen to and act on the demand of the governors on the Naira swap as mere political vendetta. Matawalle, says he was fully...Matawalle, says he was fully convinced that those against the gov’s action and subsequent triumph at the court were either misguided or blinded by political chauvinism.
The governor expressed his dismay that due to myopic political rivalry, some political parties and disgruntled politicians were challenging the decision of the apex court which was rightfully taken in the interest of the ordinary Nigerian and the survival of Nigeria’s micro-economy.]]>63africa_business_radio,cashless_policy,new_naira,news,nigeria,zamfaracleanfullhttps://www.spreaker.com/episode/lagos-government-announces-50-reduction-in-lagos-transport-fare--52690257He says the price reduction in all state public transportation on the road, and waterways system would take effect next week.
Sanwo-Olu noted that the BRT buses, first and last-mile buses have been directed to charge 50 percent of the current fare to reduce the hardship of the naira swap on residents.
The governor stated palliative items will be distributed to residents as of tomorrow through religious leaders, and non-governmental organizations, to assist those affected by the current situation.]]>https://api.spreaker.com/episode/52690257Fri, 10 Feb 2023 08:08:42 +0000Africa Business RadioThe Lagos State Governor, Babajide Sanwo-Olu has announced the reduction of transportation fares in the state by 50 percent. He says the price reduction in all state public transportation on the road, and waterways system would take effect next...He says the price reduction in all state public transportation on the road, and waterways system would take effect next week.
Sanwo-Olu noted that the BRT buses, first and last-mile buses have been directed to charge 50 percent of the current fare to reduce the hardship of the naira swap on residents.
The governor stated palliative items will be distributed to residents as of tomorrow through religious leaders, and non-governmental organizations, to assist those affected by the current situation.]]>63africa_business_radio,economy,lagos_government,news,nigeriacleanfullhttps://www.spreaker.com/episode/world-bank-imf-warn-central-bank-over-new-naira--52690263The International Monetary Fund and the World Bank urged the CBN to extend the time limit. The advice of the international organizations was in line with the Supreme Court ruling against the Friday deadline.
The IMF and the World Bank stated that the short timeframe for the currency was causing hardships in the country.
He urged the apex court to grant the application in the interest of justice and the welfare of Nigerians.]]>https://api.spreaker.com/episode/52690263Fri, 10 Feb 2023 08:07:19 +0000Africa Business RadioThe Supreme Court restrained the Federal Government from implementing the Friday deadline for the currency swap. The International Monetary Fund and the World Bank urged the CBN to extend the time limit. The advice of the international organizations...The International Monetary Fund and the World Bank urged the CBN to extend the time limit. The advice of the international organizations was in line with the Supreme Court ruling against the Friday deadline.
The IMF and the World Bank stated that the short timeframe for the currency was causing hardships in the country.
He urged the apex court to grant the application in the interest of justice and the welfare of Nigerians.]]>67africa_business_radio,imf,new_naira,news,nigeria,world_bankcleanfullhttps://www.spreaker.com/episode/world-powers-rush-to-offer-turkey-syria-aid-over-quake--52669245The European Union has mobilized search and rescue teams for Turkey after the stricken country requested EU assistance.
EU foreign policy chief Josep Borrell and EU crisis management commissioner Janez Lenarcic say ten urban search and rescue teams from various member states will support first responders on the ground.
UN High Commissioner for Refugees Filippo Grandi voiced solidarity with those affected in both countries, saying the UN agency was ready to help provide urgent relief to the survivors through our field teams wherever possible.
India says it would immediately send rescue and medical teams as well as relief equipment to Turkey.
]]>https://api.spreaker.com/episode/52669245Wed, 08 Feb 2023 12:05:55 +0000Africa Business RadioInternational offers to help Turkey and Syria with rescue efforts poured in on Monday after a massive earthquake killed around 1,800 people and wreaked devastation. The European Union has mobilized search and rescue teams for Turkey after the...The European Union has mobilized search and rescue teams for Turkey after the stricken country requested EU assistance.
EU foreign policy chief Josep Borrell and EU crisis management commissioner Janez Lenarcic say ten urban search and rescue teams from various member states will support first responders on the ground.
UN High Commissioner for Refugees Filippo Grandi voiced solidarity with those affected in both countries, saying the UN agency was ready to help provide urgent relief to the survivors through our field teams wherever possible.
India says it would immediately send rescue and medical teams as well as relief equipment to Turkey.
]]>68africa_business_radio,financial_aid,news,syria,turkey,world_powercleanfullhttps://www.spreaker.com/episode/u-k-treasury-likely-to-launch-digital-pound-this-decade--52669244Chancellor Jeremy Hunt says the central-bank digital currency could be a new trusted and accessible way to pay however it will not be built until at least 2025.
Mr. Hunt says they want to investigate what is possible first, whilst always making sure we protect financial stability.
The Treasury and the Bank of England will formally start a consultation for the digital currency.]]>https://api.spreaker.com/episode/52669244Wed, 08 Feb 2023 12:04:10 +0000Africa Business RadioThe Treasury and the Bank of England say a state-backed digital pound is likely to be launched later this decade, Both institutions want to ensure the public has access to safe money that is easy to use in the digital age. Chancellor Jeremy Hunt says...Chancellor Jeremy Hunt says the central-bank digital currency could be a new trusted and accessible way to pay however it will not be built until at least 2025.
Mr. Hunt says they want to investigate what is possible first, whilst always making sure we protect financial stability.
The Treasury and the Bank of England will formally start a consultation for the digital currency.]]>55africa_business_radio,digital_currency,digital_pound,news,u.kcleanfullhttps://www.spreaker.com/episode/google-launches-chatgpt-rival-called-bard--52669249The firm says Bard will be used by a group of testers before being rolled out to the public in the coming weeks.
Bard is built on Google's existing large language model Lamda, which one engineer described as being so human-like in its responses that he believed it was sentient.
The tech giant also announced new AI tools for its current search engine.
Google boss Sundar Pichai says Bard seeks to combine the breadth of the world's knowledge with the power, intelligence, and creativity of our large language models," Mr Pichai stressed that he wanted Google's AI services to be "bold and responsible" but did not elaborate on how Bard would be prevented from sharing harmful or abusive content.]]>https://api.spreaker.com/episode/52669249Wed, 08 Feb 2023 12:01:58 +0000Africa Business RadioGoogle is launching an Artificial Intelligence powered chatbot called Bard to rival ChatGPT. The firm says Bard will be used by a group of testers before being rolled out to the public in the coming weeks. Bard is built on Google's existing large...The firm says Bard will be used by a group of testers before being rolled out to the public in the coming weeks.
Bard is built on Google's existing large language model Lamda, which one engineer described as being so human-like in its responses that he believed it was sentient.
The tech giant also announced new AI tools for its current search engine.
Google boss Sundar Pichai says Bard seeks to combine the breadth of the world's knowledge with the power, intelligence, and creativity of our large language models," Mr Pichai stressed that he wanted Google's AI services to be "bold and responsible" but did not elaborate on how Bard would be prevented from sharing harmful or abusive content.]]>66africa_business_radio,bard,chatgpt,google,newscleanfullhttps://www.spreaker.com/episode/meta-loses-bid-to-block-kenya-court-case--52669250Meta wanted the case dismissed, saying that Kenyan courts have no jurisdiction because Meta is not domiciled in, nor does it trade from, Kenya, but a judge rejected the argument.
Former content moderator Daniel Motaung, who worked for local outsourcing company Sama, says he was paid about $2.20 per hour to review posts including beheadings and child abuse.
He says it will also open the door for content moderators to be protected in a court of law in the countries in which they live
]]>https://api.spreaker.com/episode/52669250Wed, 08 Feb 2023 12:00:32 +0000Africa Business RadioSocial media giant Meta, which owns Facebook, WhatsApp and Instagram, has failed to stop a Kenyan court from hearing a case that alleges poor working conditions at the company. Meta wanted the case dismissed, saying that Kenyan courts have no...Meta wanted the case dismissed, saying that Kenyan courts have no jurisdiction because Meta is not domiciled in, nor does it trade from, Kenya, but a judge rejected the argument.
Former content moderator Daniel Motaung, who worked for local outsourcing company Sama, says he was paid about $2.20 per hour to review posts including beheadings and child abuse.
He says it will also open the door for content moderators to be protected in a court of law in the countries in which they live
]]>60africa_business_radio,facebook,kenya,meta,newscleanfullhttps://www.spreaker.com/episode/kenya-denies-tax-scrutiny-on-ex-presidents-families--52669243Mr. Mudavadi says President William Ruto had not mentioned any names in his push for tax compliance and claimed the reports were inferences made by the media.
He however insists that everyone must pay taxes to help the government run its activities.
She added that she was ready to be investigated for tax evasion and would pay up any arrears if claims of unpaid taxes can be substantiated.]]>https://api.spreaker.com/episode/52669243Wed, 08 Feb 2023 11:58:39 +0000Africa Business RadioKenya’s Prime Cabinet Secretary, Musalia Mudavadi, has refuted reports that the families of former presidents Jomo Kenyatta and Daniel Moi were being targeted for tax evasion. Mr. Mudavadi says President William Ruto had not mentioned any names in...Mr. Mudavadi says President William Ruto had not mentioned any names in his push for tax compliance and claimed the reports were inferences made by the media.
He however insists that everyone must pay taxes to help the government run its activities.
She added that she was ready to be investigated for tax evasion and would pay up any arrears if claims of unpaid taxes can be substantiated.]]>54africa,africa_business_radio,corruption,kenya,newscleanfullhttps://www.spreaker.com/episode/poverty-main-reason-driving-terrorism-in-africa--52669248The report by the UN Development Programme surveyed thousands of people in eight African countries, including Mali, Nigeria, and Somalia.
Only 17% of respondents said that religion was the reason for joining radical groups, whereas 40% said poverty was their main motivation.
Education is also important, with one extra year of education significantly reducing a person's likelihood of joining an extremist group.]]>https://api.spreaker.com/episode/52669248Wed, 08 Feb 2023 11:57:26 +0000Africa Business RadioA new UN report has suggested the most common factor driving people to join extremist groups in sub-Saharan Africa is not religion, but the need for work. The report by the UN Development Programme surveyed thousands of people in eight African...The report by the UN Development Programme surveyed thousands of people in eight African countries, including Mali, Nigeria, and Somalia.
Only 17% of respondents said that religion was the reason for joining radical groups, whereas 40% said poverty was their main motivation.
Education is also important, with one extra year of education significantly reducing a person's likelihood of joining an extremist group.]]>54africa,africa_business_radio,news,poverty,u.ncleanfullhttps://www.spreaker.com/episode/nigerian-central-bank-barred-from-extending-february-10-deadline--52669251The court also granted an order directing the Chief Executive Officers of the banks, to show cause why they should not be arrested and prosecuted for the financial sabotage of the country, by illegally hoarding and not disbursing the new N200, N500, and N1000 bank notes, despite the supply of such notes by the central bank.
The CBN maintained it would not extend the deadline.]]>https://api.spreaker.com/episode/52669251Wed, 08 Feb 2023 11:56:00 +0000Africa Business RadioJustice Eneojo Eneche of the Federal Capital Territory High Court has stopped the Central Bank of Nigeria, President Muhammadu Buhari, and 27 commercial banks from suspending or interfering with the currency redesign terminal date of February 10 or...The court also granted an order directing the Chief Executive Officers of the banks, to show cause why they should not be arrested and prosecuted for the financial sabotage of the country, by illegally hoarding and not disbursing the new N200, N500, and N1000 bank notes, despite the supply of such notes by the central bank.
The CBN maintained it would not extend the deadline.]]>61africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-banker-apprehended-for-hoarding-n29m-worth-of-new-notes--52669246Nigeria’s apex bank, the Central Bank of Nigeria fixed February 10 as the deadline for swapping the old naira notes with the new ones. But there is a scarcity of banknotes, a development that led to the intervention of security agencies.
The EFCC, which is one of the agencies, said it arrested the unnamed bank staff in one of its operations.]]>https://api.spreaker.com/episode/52669246Wed, 08 Feb 2023 11:52:45 +0000Africa Business RadioThe Economic and Financial Crimes Commission has arrested a bank’s operations manager in Abuja for hoarding N29m worth of new naira notes. Nigeria’s apex bank, the Central Bank of Nigeria fixed February 10 as the deadline for swapping the old naira...Nigeria’s apex bank, the Central Bank of Nigeria fixed February 10 as the deadline for swapping the old naira notes with the new ones. But there is a scarcity of banknotes, a development that led to the intervention of security agencies.
The EFCC, which is one of the agencies, said it arrested the unnamed bank staff in one of its operations.]]>49africa_business_radio,new_naira,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-court-bars-pdp-from-suspending-expelling-governor-wike--52669247The order was made upon an ex parte motion filed by Wike against the entire hierarchy of the PDP.
Wike also asked for an order of the Court granting him leave to serve the motion on notice, originating motion, and all other processes of the Court in the suit on the 1st to 5th Respondents by substituted means which is pasting all the said processes of Court on the PDP National Secretariat.
The Rivers state Governor equally sought an order deeming such service as made above as proper service.]]>https://api.spreaker.com/episode/52669247Wed, 08 Feb 2023 11:49:58 +0000Africa Business RadioJustice James Omotosho of the Federal High Court Abuja ordered the Peoples Democratic Party not to take any action aimed at suspending or expelling Rivers State Governor Nyesom Wike from the party. The order was made upon an ex parte motion filed by...The order was made upon an ex parte motion filed by Wike against the entire hierarchy of the PDP.
Wike also asked for an order of the Court granting him leave to serve the motion on notice, originating motion, and all other processes of the Court in the suit on the 1st to 5th Respondents by substituted means which is pasting all the said processes of Court on the PDP National Secretariat.
The Rivers state Governor equally sought an order deeming such service as made above as proper service.]]>63africa_business_radio,news,nigeria,pdpcleanfullhttps://www.spreaker.com/episode/pg-e-to-stand-trial-over-deadly-california-wildfire--52649247It is the latest legal trouble for Pacific Gas & Electric, which has been blamed for a series of deadly wildfires in the state in recent years.
A judge found prosecutors had presented enough evidence during a preliminary hearing for the company to stand trial.
An investigation revealed it began when a pine tree fell on power lines belonging to PG&E. The utility giant says that it recognized its equipment had caused the fire but denied criminal wrongdoing.]]>https://api.spreaker.com/episode/52649247Mon, 06 Feb 2023 13:13:52 +0000Africa Business RadioA California utility giant must face trial for manslaughter for its role in a 2020 wildfire that killed four people. It is the latest legal trouble for Pacific Gas & Electric, which has been blamed for a series of deadly wildfires in the state in...It is the latest legal trouble for Pacific Gas & Electric, which has been blamed for a series of deadly wildfires in the state in recent years.
A judge found prosecutors had presented enough evidence during a preliminary hearing for the company to stand trial.
An investigation revealed it began when a pine tree fell on power lines belonging to PG&E. The utility giant says that it recognized its equipment had caused the fire but denied criminal wrongdoing.]]>54africa_business_radio,california,news,pg&e,wildfirecleanfullhttps://www.spreaker.com/episode/elon-musk-found-not-guilty-of-fraud-over-tesla-tweet--52649253Shareholders argued he misled them with his posts in August 2018, and they had lost billions of dollars because of them.
The proposed $72bn buyout never materialized and If found liable, Musk could have been ordered to pay out billions in damages.
Mr. Musk - who had wanted the trial moved to Texas, where Tesla is based, arguing he could not get a fair trial in San Francisco - welcomed the outcome.
]]>https://api.spreaker.com/episode/52649253Mon, 06 Feb 2023 13:11:52 +0000Africa Business RadioTesla co-founder Elon Musk has been cleared of wrongdoing for a tweet in which he says he had funding secured to take the electric carmaker back into private ownership. Shareholders argued he misled them with his posts in August 2018, and they had...Shareholders argued he misled them with his posts in August 2018, and they had lost billions of dollars because of them.
The proposed $72bn buyout never materialized and If found liable, Musk could have been ordered to pay out billions in damages.
Mr. Musk - who had wanted the trial moved to Texas, where Tesla is based, arguing he could not get a fair trial in San Francisco - welcomed the outcome.
]]>53africa_business_radio,elon_musk,news,teslacleanfullhttps://www.spreaker.com/episode/mali-junta-expels-un-mission-s-human-rights-chief--52649248A government spokesman says Guillaume Ngefa-Atondoko Andali had committed subversive actions in his selection of witnesses to testify at UN Security Council briefings on Mali.
A Malian civil society activist who gave evidence at a UN meeting accused the government's Russian military partners of serious human rights violations.
Russian Foreign Minister Sergei Lavrov is due in Mali on Monday for a visit aimed at boosting defence and security ties.]]>https://api.spreaker.com/episode/52649248Mon, 06 Feb 2023 13:10:22 +0000Africa Business RadioMali's military government has given the head of the UN peacekeeping mission's human rights division 48 hours to leave the country. A government spokesman says Guillaume Ngefa-Atondoko Andali had committed subversive actions in his selection of...A government spokesman says Guillaume Ngefa-Atondoko Andali had committed subversive actions in his selection of witnesses to testify at UN Security Council briefings on Mali.
A Malian civil society activist who gave evidence at a UN meeting accused the government's Russian military partners of serious human rights violations.
Russian Foreign Minister Sergei Lavrov is due in Mali on Monday for a visit aimed at boosting defence and security ties.]]>56africa,africa_business_radio,human_right,mali,peacekeeping,uncleanfullhttps://www.spreaker.com/episode/belarus-pushes-for-zim-mozambique-economic-ties--52649252Lukashenko ended his three days long visit to Zimbabwe and flew out of the country through the resort town of Victoria Falls.
The Belarusian head of state explained that President Emmerson Mnangagwa is on good terms with the leadership of Mozambique and can assist in this matter.
He promised to discuss with the president of Mozambique ways to apply the experience of cooperation between Zimbabwe and Belarus with regard to Mozambique.]]>https://api.spreaker.com/episode/52649252Mon, 06 Feb 2023 13:08:33 +0000Africa Business RadioBelarus President Alexander Lukashenko is exploring ways of forging economic ties with Mozambique and Zimbabwe in the agricultural sector. Lukashenko ended his three days long visit to Zimbabwe and flew out of the country through the resort town of...Lukashenko ended his three days long visit to Zimbabwe and flew out of the country through the resort town of Victoria Falls.
The Belarusian head of state explained that President Emmerson Mnangagwa is on good terms with the leadership of Mozambique and can assist in this matter.
He promised to discuss with the president of Mozambique ways to apply the experience of cooperation between Zimbabwe and Belarus with regard to Mozambique.]]>54africa_business_radio,agriculture,belarus,economic_ties,export,news,zinbabwecleanfullhttps://www.spreaker.com/episode/south-africa-president-withholds-resignation-of-deputy-president--52649254Mr. Mabuza says that the president had accepted his resignation and that an announcement on his departure was coming.
He says he believed it was logical for him to give way to Paul Mashatile, who was elected in December as the ruling ANC party’s deputy president.
The presidency spokesman however says the president wanted Mr. Mabuza to remain until the transition process was finalized.]]>https://api.spreaker.com/episode/52649254Mon, 06 Feb 2023 13:06:41 +0000Africa Business RadioPresident Cyril Ramaphosa has asked his deputy, David Mabuza, to remain in his position until a transition is finalized. Mr. Mabuza says that the president had accepted his resignation and that an announcement on his departure was coming. He says he...Mr. Mabuza says that the president had accepted his resignation and that an announcement on his departure was coming.
He says he believed it was logical for him to give way to Paul Mashatile, who was elected in December as the ruling ANC party’s deputy president.
The presidency spokesman however says the president wanted Mr. Mabuza to remain until the transition process was finalized.]]>51africa_business_radio,news,south_africacleanfullhttps://www.spreaker.com/episode/nigerian-government-considers-fiscal-incentives-to-boost-private-sector-investment-in-education--52649250The minister says the recent increase in attacks on educational institutions had made it imperative that the federal government prepares a holistic national plan, with inputs from states and key relevant sectors to create a safe learning environment in the country.
Ahmed pointed out that it was crucial to secure the education of the children as this remained vital for the economic progress and attainment of the much-needed social development indices in the country.]]>https://api.spreaker.com/episode/52649250Mon, 06 Feb 2023 13:03:29 +0000Africa Business RadioThe Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed, says the federal government is currently working to create fiscal incentives to encourage private sector investment in education. The minister says the recent increase in...The minister says the recent increase in attacks on educational institutions had made it imperative that the federal government prepares a holistic national plan, with inputs from states and key relevant sectors to create a safe learning environment in the country.
Ahmed pointed out that it was crucial to secure the education of the children as this remained vital for the economic progress and attainment of the much-needed social development indices in the country.]]>58africa_business_radio,education,fiscal_incentives,news,nigeriacleanfullhttps://www.spreaker.com/episode/telecom-subscribers-sue-nigerian-government-over-tax--52649249The National President, NATCOMS, Adeolu Ogunbanjo, says the suit is against the imposition and implementation of excise duty and the continued imposition and implementation of Value Added Tax on telecom services.
The suit is praying the court declare VAT on telecom services as unconstitutional and illegal, and declare the implementation of excise duty on telecoms as null and void.
The Minister of Finance Budget and National Planning, Zainab Ahmed, the tax will help boost the government’s revenue.]]>https://api.spreaker.com/episode/52649249Mon, 06 Feb 2023 13:01:24 +0000Africa Business RadioTelecommunication consumers under the aegis of the National Association of Telecoms Subscribers have dragged the Federal Government to court over its plan to implement a five percent excise duty on telecom services. The National President, NATCOMS,...The National President, NATCOMS, Adeolu Ogunbanjo, says the suit is against the imposition and implementation of excise duty and the continued imposition and implementation of Value Added Tax on telecom services.
The suit is praying the court declare VAT on telecom services as unconstitutional and illegal, and declare the implementation of excise duty on telecoms as null and void.
The Minister of Finance Budget and National Planning, Zainab Ahmed, the tax will help boost the government’s revenue.]]>63africa_business_radio,news,nigeria,tax,telecom_subscribers,vatcleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-considers-reconvene-if-naira-swap-crisis-continues--52649251He says while the lawmakers are on break and are expected to resume after the general elections, the scarcity of the new naira notes and the attendant consequences may force the House of Representatives to reconvene.
Gbajabiamila says the House made several efforts to intervene in the naira swap crisis by inviting the Governor of the Central Bank of Nigeria Godwin Emefiele.]]>https://api.spreaker.com/episode/52649251Mon, 06 Feb 2023 12:59:56 +0000Africa Business RadioThe Speaker of the House of Representatives Femi Gbajabiamila says the lawmakers may reconvene if the hardship occasioned by the naira swap continues. He says while the lawmakers are on break and are expected to resume after the general elections,...He says while the lawmakers are on break and are expected to resume after the general elections, the scarcity of the new naira notes and the attendant consequences may force the House of Representatives to reconvene.
Gbajabiamila says the House made several efforts to intervene in the naira swap crisis by inviting the Governor of the Central Bank of Nigeria Godwin Emefiele.]]>50africa_business_radio,lawmakers,naira_scarcity,naira_swap,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-central-bank-insists-no-extension-on-naira-swap-deadline--52649246He says that the CBN and other stakeholders are already looking to address areas where there are pressures.
He says they have had cases where some bank branches have some cash in their vaults and because there was no demand for them and asked central bank officials to move that money where there is pressure.]]>https://api.spreaker.com/episode/52649246Mon, 06 Feb 2023 12:58:11 +0000Africa Business RadioThe Governor of the Central Bank, Godwin Emefiele insisted that the apex bank will not extend the deadline for swapping old naira notes with the newly redesigned ones. He says that the CBN and other stakeholders are already looking to address areas...He says that the CBN and other stakeholders are already looking to address areas where there are pressures.
He says they have had cases where some bank branches have some cash in their vaults and because there was no demand for them and asked central bank officials to move that money where there is pressure.]]>47africa_business_radio,cbn,naira_swap,news,nigeriacleanfullhttps://www.spreaker.com/episode/chatgpt-firm-trials-20-monthly-subscription-fee--52626371chatbot creator OpenAI says for $20 per month, subscribers will get access to the platform even at peak times when it can be hard to log in, and also priority access to new features. It plans to extend the trial more widely but initially, it will only be offered to those on a waiting list.
The firm says the free version will still be available.
OpenAI says it hoped the subscription would support free access. It currently costs the firm a small amount of money every time the chatbot is used.]]>https://api.spreaker.com/episode/52626371Fri, 03 Feb 2023 13:40:53 +0000Africa Business RadioThe firm behind the popular AI chatbot ChatGPT is trialing a subscription service in the US. chatbot creator OpenAI says for $20 per month, subscribers will get access to the platform even at peak times when it can be hard to log in, and also...chatbot creator OpenAI says for $20 per month, subscribers will get access to the platform even at peak times when it can be hard to log in, and also priority access to new features. It plans to extend the trial more widely but initially, it will only be offered to those on a waiting list.
The firm says the free version will still be available.
OpenAI says it hoped the subscription would support free access. It currently costs the firm a small amount of money every time the chatbot is used.]]>57africa_business_radio,ai_chatbot,chatgpt,google,newscleanfullhttps://www.spreaker.com/episode/british-gas-suspends-force-fitting-prepayment-meters--52626364The Times reported a company employed by British Gas had broken into homes to fit the meters, despite signs children and disabled people were living there.
Business Secretary Grant Shapps says he was horrified by the findings.
British Gas's owner Centrica says it would suspend the use of court warrants that allow forced installations.
Centrica says the suspension would last "until at least after winter" and that protecting vulnerable people was its priority.]]>https://api.spreaker.com/episode/52626364Fri, 03 Feb 2023 13:34:59 +0000Africa Business RadioBritish Gas has suspended the force-fitting of prepayment meters after a report said it imposed them on vulnerable customers. The Times reported a company employed by British Gas had broken into homes to fit the meters, despite signs children and...The Times reported a company employed by British Gas had broken into homes to fit the meters, despite signs children and disabled people were living there.
Business Secretary Grant Shapps says he was horrified by the findings.
British Gas's owner Centrica says it would suspend the use of court warrants that allow forced installations.
Centrica says the suspension would last "until at least after winter" and that protecting vulnerable people was its priority.]]>55africa_business_radio,britain,news,prepayment_meterscleanfullhttps://www.spreaker.com/episode/u-s-announces-smaller-rate-rise-as-inflation-cools--52626368The Federal Reserve says it was raising its key rate by 0.25 percentage points.
That marks the smallest increase since last March, after a series of aggressive rate hikes last year.
Officials however warned that they did not think they were finished raising rates, despite signs that price increases in the US are slowing.
The bank's moves are closely watched around the world as the US drives a global shift after years of low-interest rates that followed the financial crisis.]]>https://api.spreaker.com/episode/52626368Fri, 03 Feb 2023 13:30:22 +0000Africa Business RadioThe US central bank has raised interest rates again as it continues its fight to stabilize prices in the world's largest economy. The Federal Reserve says it was raising its key rate by 0.25 percentage points. That marks the smallest increase since...The Federal Reserve says it was raising its key rate by 0.25 percentage points.
That marks the smallest increase since last March, after a series of aggressive rate hikes last year.
Officials however warned that they did not think they were finished raising rates, despite signs that price increases in the US are slowing.
The bank's moves are closely watched around the world as the US drives a global shift after years of low-interest rates that followed the financial crisis.]]>54africa_business_radio,inflation,news,u.scleanfullhttps://www.spreaker.com/episode/australia-to-remove-british-monarch-from-banknotes--52626367The Reserve Bank of Australia says it would consult Indigenous people on a new design that honors the culture and history of the First Australians.
The central bank says its decision was supported by the center-left Labor government of Prime Minister Anthony Albanese, who favors an eventual move to an Australian republic.
]]>https://api.spreaker.com/episode/52626367Fri, 03 Feb 2023 13:24:41 +0000Africa Business RadioAustralia central bank says the country will erase the British monarch from its banknotes, replacing the late Queen Elizabeth II’s image on its $5 note with a design honoring Indigenous culture. The Reserve Bank of Australia says it would consult...The Reserve Bank of Australia says it would consult Indigenous people on a new design that honors the culture and history of the First Australians.
The central bank says its decision was supported by the center-left Labor government of Prime Minister Anthony Albanese, who favors an eventual move to an Australian republic.
]]>50africa_business_radio,australia,british_monarch,newscleanfullhttps://www.spreaker.com/episode/malawi-anti-graft-chief-suspended-over-leaked-audio--52626363The audio leaked more than 12 months ago with President Lazarus Chakwera describing it at the time as corruption fighting back.
He also suggested that the audio was being circulated to force him into sacking her.
Ms. Chizuma remained in the job with the president’s backing and went ahead to indict several high-profile officials, including Vice-President Saulos Chilima and a cabinet minister, on various corruption-related charges.]]>https://api.spreaker.com/episode/52626363Fri, 03 Feb 2023 13:23:06 +0000Africa Business RadioThe head of Malawi's Anti-Corruption Bureau, Martha Chizuma, has been suspended over leaked audio in which she made comments that could potentially prejudice people accused of corruption. The audio leaked more than 12 months ago with President...The audio leaked more than 12 months ago with President Lazarus Chakwera describing it at the time as corruption fighting back.
He also suggested that the audio was being circulated to force him into sacking her.
Ms. Chizuma remained in the job with the president’s backing and went ahead to indict several high-profile officials, including Vice-President Saulos Chilima and a cabinet minister, on various corruption-related charges.]]>56africa,africa_business_radio,corruption,malawi,newscleanfullhttps://www.spreaker.com/episode/nigerian-government-approves-approves-11-new-electricity-generation-licenses--52626370The approval of 11 new GenCos takes the country’s electricity generating plants to 40 as it had 29 of them- 26 gas plants, and three hydro plants- before the latest addition.
The 29 existing plants have a combined 13,461MW capacity, but they have been unable to generate up to 5000MW for some years.
Experts say Nigeria needs at least 30, 000MW to reach electricity sufficiency.
The NERC also stated in the report that it also renewed two of the existing licenses and transferred one on-grid generation license.]]>https://api.spreaker.com/episode/52626370Fri, 03 Feb 2023 13:13:26 +0000Africa Business RadioThe Nigerian Electricity Regulatory Commission has disclosed that it has issued 11 new electricity generation licenses. The approval of 11 new GenCos takes the country’s electricity generating plants to 40 as it had 29 of them- 26 gas plants, and...The approval of 11 new GenCos takes the country’s electricity generating plants to 40 as it had 29 of them- 26 gas plants, and three hydro plants- before the latest addition.
The 29 existing plants have a combined 13,461MW capacity, but they have been unable to generate up to 5000MW for some years.
Experts say Nigeria needs at least 30, 000MW to reach electricity sufficiency.
The NERC also stated in the report that it also renewed two of the existing licenses and transferred one on-grid generation license.]]>65africa_business_radio,electricity_license,news,nigeriacleanfullhttps://www.spreaker.com/episode/central-bank-of-nigeria-engages-microfinance-banks-pos-operators-in-rural-area--52626369The areas are located in the Zurmi, Shinkafi, Birnin Magaji, and Maru local government areas.
The CBN Branch Controller, Abbas Buhari, insisted on a maximum of N10,000 to be swapped per individual.
The apex bank however maintains that there is enough of the redesigned currency notes in circulation across the country.]]>https://api.spreaker.com/episode/52626369Fri, 03 Feb 2023 13:12:01 +0000Africa Business RadioThe Central Bank of Nigeria says it has engaged the microfinance banks and point-of-sale operators to swap the old currency across troubled communities in Zamfara State to boost the availability of the new naira notes, The areas are located in the...The areas are located in the Zurmi, Shinkafi, Birnin Magaji, and Maru local government areas.
The CBN Branch Controller, Abbas Buhari, insisted on a maximum of N10,000 to be swapped per individual.
The apex bank however maintains that there is enough of the redesigned currency notes in circulation across the country.]]>54africa_business_radio,central_bank,new_naira,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-president-inaugurates-ministry-of-finance-incorporated-board--52626365President Buhari tasked the new Governing Council and the Board to raise the value of the MoFI’s portfolio from the current 18 trillion naira to 100 trillion nairas by 2033.
The President stated that the new leadership takes steps to mobilize capital and invest same in assets that are critical to the Federal Government’s revenue drive, to primarily convert the nation's current assets into cash-flow generating entities.]]>https://api.spreaker.com/episode/52626365Fri, 03 Feb 2023 13:09:07 +0000Africa Business RadioPresident Muhammadu Buhari has officially launched the Ministry of finance incorporated which was originally set in 1959 through an act of parliament, as a custodian of the Federal government’s investments in various Government-linked companies and...President Buhari tasked the new Governing Council and the Board to raise the value of the MoFI’s portfolio from the current 18 trillion naira to 100 trillion nairas by 2033.
The President stated that the new leadership takes steps to mobilize capital and invest same in assets that are critical to the Federal Government’s revenue drive, to primarily convert the nation's current assets into cash-flow generating entities.]]>62africa_business_radio,finance,news,nigeriacleanfullhttps://www.spreaker.com/episode/biden-moves-to-halt-us-exports-to-huawei--52604894It comes as the Biden administration continues to tighten its rules on exports of US technology to China.
Washington has previously accused Huawei of being a threat to US national security and of working with the Chinese Communist Party.
The US Commerce Department has told some American firms that it would no longer issue licenses for US technology exports to Huawei.]]>https://api.spreaker.com/episode/52604894Wed, 01 Feb 2023 14:27:01 +0000Africa Business RadioThe US government has stopped approving licenses for American firms to export most items to Chinese technology giant Huawei. It comes as the Biden administration continues to tighten its rules on exports of US technology to China. Washington has...It comes as the Biden administration continues to tighten its rules on exports of US technology to China.
Washington has previously accused Huawei of being a threat to US national security and of working with the Chinese Communist Party.
The US Commerce Department has told some American firms that it would no longer issue licenses for US technology exports to Huawei.]]>49africa_business_radio,biden,huawei,news,us_exportcleanfullhttps://www.spreaker.com/episode/uk-expected-to-be-only-major-economy-to-shrink-in-2023--52604904The IMF says the economy will contract by 0.6% in 2023, rather than grow slightly as previously predicted.
Chancellor Jeremy Hunt says the UK outperformed many forecasts last year however shadow chancellor Rachel Reeves says the figures showed the UK lagging behind its peers.
The IMF says it had downgraded its forecast for the UK because of its high energy prices, rising mortgage costs, and increased taxes, as well as persistent worker shortages.]]>https://api.spreaker.com/episode/52604904Wed, 01 Feb 2023 14:25:09 +0000Africa Business RadioThe International Monetary Fund says the UK economy will shrink and perform worse than other advanced economies, including Russia, as the cost of living continues to hit households. The IMF says the economy will contract by 0.6% in 2023, rather than...The IMF says the economy will contract by 0.6% in 2023, rather than grow slightly as previously predicted.
Chancellor Jeremy Hunt says the UK outperformed many forecasts last year however shadow chancellor Rachel Reeves says the figures showed the UK lagging behind its peers.
The IMF says it had downgraded its forecast for the UK because of its high energy prices, rising mortgage costs, and increased taxes, as well as persistent worker shortages.]]>61africa_business_radio,economy_shrink,imf,news,u.kcleanfullhttps://www.spreaker.com/episode/u-k-government-promises-robust-crypto-regulation--52604901It says the proposals, being published will give consumers confidence while allowing the sector to thrive.
Ministers say the measures will mitigate the most significant risks of crypto technologies while harnessing their advantages.
Economic Secretary to the Treasury Andrew Griffith says the government remained steadfast in its commitment to grow the economy and enable technological change and innovation and this includes crypto-asset technology.]]>https://api.spreaker.com/episode/52604901Wed, 01 Feb 2023 14:22:47 +0000Africa Business RadioThe government is announcing measures to robustly regulate the cryptocurrency industry. It says the proposals, being published will give consumers confidence while allowing the sector to thrive. Ministers say the measures will mitigate the most...It says the proposals, being published will give consumers confidence while allowing the sector to thrive.
Ministers say the measures will mitigate the most significant risks of crypto technologies while harnessing their advantages.
Economic Secretary to the Treasury Andrew Griffith says the government remained steadfast in its commitment to grow the economy and enable technological change and innovation and this includes crypto-asset technology.]]>50africa_business_radio,crypto_regulation,news,u.kcleanfullhttps://www.spreaker.com/episode/zimbabwe-and-belarus-signs-agriculture-and-defence-deal--52604900This includes a deal to supply the southern African country with $60m (£49m) worth of tractors.
President Alexander Lukashenko says relations between the two countries had developed as a result of the western sanctions they are both under.
Mr Lukashenko accused the West of using economic sanctions to suppress both countries.
Zimbabwe has maintained a neutral stance since Russia invaded Ukraine almost a year ago.]]>https://api.spreaker.com/episode/52604900Wed, 01 Feb 2023 14:20:01 +0000Africa Business RadioThe leaders of Zimbabwe and Belarus have signed agriculture and defence agreements. This includes a deal to supply the southern African country with $60m (£49m) worth of tractors. President Alexander Lukashenko says relations between the two...This includes a deal to supply the southern African country with $60m (£49m) worth of tractors.
President Alexander Lukashenko says relations between the two countries had developed as a result of the western sanctions they are both under.
Mr Lukashenko accused the West of using economic sanctions to suppress both countries.
Zimbabwe has maintained a neutral stance since Russia invaded Ukraine almost a year ago.]]>50africa_business_radio,agriculture,belarus,business,news,zimbabwecleanfullhttps://www.spreaker.com/episode/cameroon-cuts-fuel-subsidies-as-fuel-price-rise--52604896A litre of diesel will rise from 575 CFA francs to 720 CFA francs, while petrol will sell for 730 CFA francs from 630 CFA francs.
The prime minister's office also announced a 5.2% pay rise for public service workers as a cushion to the impact of the increase in fuel prices.
Many unions had urged the government to increase the minimum wage for the private sector.]]>https://api.spreaker.com/episode/52604896Wed, 01 Feb 2023 14:17:17 +0000Africa Business RadioFuel prices in Cameroon will rise by about 15% after the government agreed to pressure from the International Monetary Fund to cut fuel subsidies. A litre of diesel will rise from 575 CFA francs to 720 CFA francs, while petrol will sell for 730 CFA...A litre of diesel will rise from 575 CFA francs to 720 CFA francs, while petrol will sell for 730 CFA francs from 630 CFA francs.
The prime minister's office also announced a 5.2% pay rise for public service workers as a cushion to the impact of the increase in fuel prices.
Many unions had urged the government to increase the minimum wage for the private sector.]]>55africa,africa_business_radio,cameroon,fuel_subsidy,newscleanfullhttps://www.spreaker.com/episode/malawi-president-reduces-size-of-cabinet-in-reshuffle--52604897The list of ministers and deputy ministers has been reduced from 33 to 27, but critics say it is still too large.
The reshuffle was expected following reports that a number of ministers were implicated in a corruption investigation being carried out by Malawi's Anti-Corruption Bureau and the UK's National Crimes Agency.]]>https://api.spreaker.com/episode/52604897Wed, 01 Feb 2023 14:00:41 +0000Africa Business RadioMalawi President Lazarus Chakwera has reduced the size of his cabinet in a reshuffle that also saw the appointment of seven new faces including an opposition lawmaker. The list of ministers and deputy ministers has been reduced from 33 to 27, but...The list of ministers and deputy ministers has been reduced from 33 to 27, but critics say it is still too large.
The reshuffle was expected following reports that a number of ministers were implicated in a corruption investigation being carried out by Malawi's Anti-Corruption Bureau and the UK's National Crimes Agency.]]>51africa,africa_business_radio,lawmakers,malawi,newscleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-approve-restructuring-of-extra-n1tn-ways-and-means-request--52604899President Muhammadu Buhari had requested approval of N23.7 trillion, but the House is seeking further engagement with the executive to allow for thorough and detailed work and submissions on the larger part of the advances which amounts to N22.72 trillion.
The House says it will consider the N22.72 trillion after properly engaging the executive.]]>https://api.spreaker.com/episode/52604899Wed, 01 Feb 2023 13:59:05 +0000Africa Business RadioThe House of Representatives has approved the requested restructuring of N1 trillion additional Ways and Means advances for implementation of the 2022 Supplementary Appropriation Act passed by the National Assembly. President Muhammadu Buhari had...President Muhammadu Buhari had requested approval of N23.7 trillion, but the House is seeking further engagement with the executive to allow for thorough and detailed work and submissions on the larger part of the advances which amounts to N22.72 trillion.
The House says it will consider the N22.72 trillion after properly engaging the executive.]]>56africa_business_radio,budget_approval,news,nigerian_lawmakerscleanfullhttps://www.spreaker.com/episode/nigerian-government-opens-new-passport-office-in-lagos-to-address-shortage-gap--52604903Interior Minister Raul Aregbesola explained that it is part of a move to address the shortage gap” in passport processing.
He says Applications have been increasing every year at an unprecedented rate, due to the tendency of many Nigerians wanting to travel outside the country & those who want to use it as means of identification.]]>https://api.spreaker.com/episode/52604903Wed, 01 Feb 2023 13:57:07 +0000Africa Business RadioThe Federal Government has opened a new passport office in the Alimosho area of Lagos State. Interior Minister Raul Aregbesola explained that it is part of a move to address the shortage gap” in passport processing. He says Applications have been...Interior Minister Raul Aregbesola explained that it is part of a move to address the shortage gap” in passport processing.
He says Applications have been increasing every year at an unprecedented rate, due to the tendency of many Nigerians wanting to travel outside the country & those who want to use it as means of identification.]]>46africa_business_radio,immigration,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-electoral-commission-says-fuel-scarcity-may-affect-election-logistics--52604895INEC Chairman, Mahmood Yakubu, shares his concern about the fuel situation in the country and its impact on transportation on election day.
He says the commission will meet the Nigerian National Petroleum Company Limited to look into ways to ameliorate this situation.
The electoral chief also urged the transporters to be neutral and non-partisan as they commute INEC staff to and from polling units.
He said inter-state trips won’t be allowed, saying all INEC and ad-hoc staffers must not be moved beyond their local government areas.]]>https://api.spreaker.com/episode/52604895Wed, 01 Feb 2023 13:54:48 +0000Africa Business RadioThe Independent National Electoral Commission says that the current fuel scarcity in the country might affect logistic arrangements for the February 25 and March 11 general elections. INEC Chairman, Mahmood Yakubu, shares his concern about the fuel...INEC Chairman, Mahmood Yakubu, shares his concern about the fuel situation in the country and its impact on transportation on election day.
He says the commission will meet the Nigerian National Petroleum Company Limited to look into ways to ameliorate this situation.
The electoral chief also urged the transporters to be neutral and non-partisan as they commute INEC staff to and from polling units.
He said inter-state trips won’t be allowed, saying all INEC and ad-hoc staffers must not be moved beyond their local government areas.]]>642023_election,africa_business_radio,fuel_scarcity,inec,news,nigeriacleanfullhttps://www.spreaker.com/episode/erdogan-says-turkey-may-accept-finland-in-nato-but-block-sweden--52582600Erdogan says they may deliver Finland a different message on their NATO application and Sweden would be shocked when they see the message.
Sweden and Finland applied last year to join NATO after Russia’s invasion of Ukraine, dropping their longstanding military nonalignment.
Erdogan’s main complaint has been with Sweden’s refusal to extradite dozens of people that Ankara has linked to the banned Kurdistan Workers’ Party and a failed 2016 coup attempt.]]>https://api.spreaker.com/episode/52582600Mon, 30 Jan 2023 13:27:13 +0000Africa Business RadioTurkish President Recep Tayyip Erdogan has signaled that Ankara could accept Finland into NATO before taking any action on the membership of its Nordic neighbor Sweden. Erdogan says they may deliver Finland a different message on their NATO...Erdogan says they may deliver Finland a different message on their NATO application and Sweden would be shocked when they see the message.
Sweden and Finland applied last year to join NATO after Russia’s invasion of Ukraine, dropping their longstanding military nonalignment.
Erdogan’s main complaint has been with Sweden’s refusal to extradite dozens of people that Ankara has linked to the banned Kurdistan Workers’ Party and a failed 2016 coup attempt.]]>57africa_business_radio,finland,nato,news,sweden,turkeycleanfullhttps://www.spreaker.com/episode/mining-giant-rio-tinto-apologise-over-lost-radioactive-capsule-in-australia--52582596The casing contains a small quantity of radioactive Caesium-137, which could cause serious illness if touched.
Rio Tinto's Iron Ore chief executive Simon Trott says as well as fully supporting the relevant authorities, we have launched our own investigation to understand how the capsule was lost in transit.
He says as part of this investigation they are working closely with the contractor to better understand what went wrong in this instance.]]>https://api.spreaker.com/episode/52582596Mon, 30 Jan 2023 13:25:25 +0000Africa Business RadioMining giant Rio Tinto says it is working with authorities to try to find a radioactive capsule that went missing in Western Australia this month. The casing contains a small quantity of radioactive Caesium-137, which could cause serious illness if...The casing contains a small quantity of radioactive Caesium-137, which could cause serious illness if touched.
Rio Tinto's Iron Ore chief executive Simon Trott says as well as fully supporting the relevant authorities, we have launched our own investigation to understand how the capsule was lost in transit.
He says as part of this investigation they are working closely with the contractor to better understand what went wrong in this instance.]]>57africa_business_radio,australia,mining_giant,news,radioactive_capsule,rio_tintocleanfullhttps://www.spreaker.com/episode/libya-s-gas-deal-with-italy-prompts-backlash--52582598The GNU's outspoken oil and gas minister Mohammed Aoun after the gas deal was signed, calling it illegal and saying it lacks equality between the Libyan and Italian sides.
He says his ministry was bypassed on the deal which he reiterated was illegal and pledged to rectify.
The ministry released an official statement reiterating Mr Aoun's points, further criticising the deal for increasing the Italian side's shares from 30% to 37%.]]>https://api.spreaker.com/episode/52582598Mon, 30 Jan 2023 13:18:09 +0000Africa Business RadioKey Libyan political figures have rejected an $8bn gas production deal overseen by the Tripoli-based Government of National Unity and the Italian government. The GNU's outspoken oil and gas minister Mohammed Aoun after the gas deal was signed,...The GNU's outspoken oil and gas minister Mohammed Aoun after the gas deal was signed, calling it illegal and saying it lacks equality between the Libyan and Italian sides.
He says his ministry was bypassed on the deal which he reiterated was illegal and pledged to rectify.
The ministry released an official statement reiterating Mr Aoun's points, further criticising the deal for increasing the Italian side's shares from 30% to 37%.]]>58africa_business_radio,gas_deal,italy,libya,newscleanfullhttps://www.spreaker.com/episode/nigerian-government-probes-banks-fintechs-over-data-privacy-violation--52582597The minister says Banks have been sanctioned, Operators in the sector have been sanctioned and many more operators are being investigated.
Pantami also asked Nigerians to report any data breach to the NDPB so that a proper investigation can be done.
He also noted that the bureau has a portal to receive any complaints about a data privacy breach.]]>https://api.spreaker.com/episode/52582597Mon, 30 Jan 2023 13:16:17 +0000Africa Business RadioThe Minister of Communications and Digital Economy, Dr Isa Pantami has urged the Nigerian Data Protection Bureau to investigate banks and data-processing firms on data privacy and protection compliance. The minister says Banks have been sanctioned,...The minister says Banks have been sanctioned, Operators in the sector have been sanctioned and many more operators are being investigated.
Pantami also asked Nigerians to report any data breach to the NDPB so that a proper investigation can be done.
He also noted that the bureau has a portal to receive any complaints about a data privacy breach.]]>54africa_business_radio,data_privacy,fintech,news,nigeriacleanfullhttps://www.spreaker.com/episode/economic-commission-for-africa-projects-expansion-in-intra-african-trade--52582599The Director of Regional Integration and Trade at ECA, Stephen Karingi says Africa’s private sector accounts for 80 percent of total production, two-thirds of investment, and three-quarters of credit, and employs 90 percent of the working-age population,”
The commission urged governments at all levels to fully and effectively implement the agreement for the projections to come to fruition.
He noted that Africa’s weak productive capacity and consequent excessive reliance on imports for essential products exposed it to external shocks such as the COVID-19 pandemic and the Russia-Ukraine war.]]>https://api.spreaker.com/episode/52582599Mon, 30 Jan 2023 13:14:48 +0000Africa Business RadioEconomic Commission for Africa says intra-African trade in agri-food, industry, and services sectors will increase by nearly 35 percent by 2045 through the African Continental Free Trade Agreement. The Director of Regional Integration and Trade at...The Director of Regional Integration and Trade at ECA, Stephen Karingi says Africa’s private sector accounts for 80 percent of total production, two-thirds of investment, and three-quarters of credit, and employs 90 percent of the working-age population,”
The commission urged governments at all levels to fully and effectively implement the agreement for the projections to come to fruition.
He noted that Africa’s weak productive capacity and consequent excessive reliance on imports for essential products exposed it to external shocks such as the COVID-19 pandemic and the Russia-Ukraine war.]]>70africa,africa_business_radio,intra_africa_trade,newscleanfullhttps://www.spreaker.com/episode/ecowas-approves-fresh-policies-for-regional-electricity-market--52582594It also announced its commitment to protecting the interests of investors and participants in the regional power market, stressing that the body would ensure that there were conducive investments in the industry.
The Chairman, ECOWAS Regional Electricity Regulatory Authority, Kokou Tossou, noted that electricity production is vital to the viability of the market, and ERERA has approved critical documents for the development of the regional power market, adding that they will also be conducive to investments in the energy sector.]]>https://api.spreaker.com/episode/52582594Mon, 30 Jan 2023 13:07:01 +0000Africa Business RadioThe Economic Community of West African States Regional Electricity Regulatory Authority has approved critical policies for the development of the sub-regions power market. It also announced its commitment to protecting the interests of investors and...It also announced its commitment to protecting the interests of investors and participants in the regional power market, stressing that the body would ensure that there were conducive investments in the industry.
The Chairman, ECOWAS Regional Electricity Regulatory Authority, Kokou Tossou, noted that electricity production is vital to the viability of the market, and ERERA has approved critical documents for the development of the regional power market, adding that they will also be conducive to investments in the energy sector.]]>60africa,africa_business_radio,ecowas,electricity_policy,newscleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-rejects-naira-swap-extension--52582595The Chairman of the Committee and the Majority Leader of the House, Alhassan Ado Doguwa, said the green chamber will proceed and sign an arrest warrant to compel the CBN Governor, Godwin Emefiele to appear before the committee.
He says the new naira redesign policy is capable of frustrating the forthcoming 2023 general elections.
He described the extension as a mere political gimmick to further deceive Nigerians and worsen their economic and social livelihood, insisting that the CBN governor must appear before or stand the risk of being arrested on the strength of legislative writs signed earlier by Speaker Femi Gbajabiamila.]]>https://api.spreaker.com/episode/52582595Mon, 30 Jan 2023 13:04:06 +0000Africa Business RadioThe House of Representatives Adhoc Committee on the redesign of three naira notes has rejected the 10 days extension granted by the Central Bank of Nigeria for the swap of old N200, N500, and N1,000 bank notes. The Chairman of the Committee and the...The Chairman of the Committee and the Majority Leader of the House, Alhassan Ado Doguwa, said the green chamber will proceed and sign an arrest warrant to compel the CBN Governor, Godwin Emefiele to appear before the committee.
He says the new naira redesign policy is capable of frustrating the forthcoming 2023 general elections.
He described the extension as a mere political gimmick to further deceive Nigerians and worsen their economic and social livelihood, insisting that the CBN governor must appear before or stand the risk of being arrested on the strength of legislative writs signed earlier by Speaker Femi Gbajabiamila.]]>73africa_business_radio,lawmaker,naira_swap,news,nigeriacleanfullhttps://www.spreaker.com/episode/central-bank-of-nigeria-extends-old-naira-use-deadline-till-february-10--52582593CBN Governor, Godwin Emefiele, explained that the apex bank has sought approval from President Muhammadu Buhari to extend the deadline for the use of the old notes by 10 days.
The CBN Governor also solicited the cooperation of all Nigerians in ensuring a hitch-free process for the implementation of the policy.
Before the apex bank extended the use of the naira note, many Nigerians experienced difficulty in lodging their old banknotes.]]>https://api.spreaker.com/episode/52582593Mon, 30 Jan 2023 13:01:44 +0000Africa Business RadioThe Central Bank of Nigeria has extended the deadline for the use of the old notes till February 10. CBN Governor, Godwin Emefiele, explained that the apex bank has sought approval from President Muhammadu Buhari to extend the deadline for the use of...CBN Governor, Godwin Emefiele, explained that the apex bank has sought approval from President Muhammadu Buhari to extend the deadline for the use of the old notes by 10 days.
The CBN Governor also solicited the cooperation of all Nigerians in ensuring a hitch-free process for the implementation of the policy.
Before the apex bank extended the use of the naira note, many Nigerians experienced difficulty in lodging their old banknotes.]]>52africa_business_radio,bank_notes,central_bank,news,nigeriacleanfullhttps://www.spreaker.com/episode/us-accuses-google-of-driving-out-ad-rivals--52558264US Attorney General Merrick Garland says Its anti-competitive actions had "weakened if not destroyed the competition in the ad tech industry", Google accused the DOJ of doubling down on a flawed argument.
The Firm says the case attempted to "pick winners and losers" in a competitive industry.
Online advertising accounts for the lion's share of Google's multibillion-dollar revenue.
]]>https://api.spreaker.com/episode/52558264Fri, 27 Jan 2023 08:24:19 +0000Africa Business RadioThe US Department of Justice and eight US states have filed a case against Google alleging it has too much power over the online ad market. US Attorney General Merrick Garland says Its anti-competitive actions had "weakened if not destroyed the...US Attorney General Merrick Garland says Its anti-competitive actions had "weakened if not destroyed the competition in the ad tech industry", Google accused the DOJ of doubling down on a flawed argument.
The Firm says the case attempted to "pick winners and losers" in a competitive industry.
Online advertising accounts for the lion's share of Google's multibillion-dollar revenue.
]]>52africa_business_radio,google,news,u.scleanfullhttps://www.spreaker.com/episode/meta-to-reinstate-trump-back-on-facebook-instagram--52558266Meta’s president of global affairs, Nick Clegg, says they will be reinstating Mr. Trump’s Facebook and Instagram accounts in the coming weeks, adding that the move would come with new guardrails in place to deter repeat offenses.
Clegg says going forward, the Republican leader could be suspended for up to two years for each violation of platform policies.
]]>https://api.spreaker.com/episode/52558266Fri, 27 Jan 2023 08:23:08 +0000Africa Business RadioSocial networking giant Meta announced it would soon reinstate former president Donald Trump’s accounts on Facebook and Instagram with new guardrails, two years after he was banned over the 2021 US Capitol insurrection. Meta’s president of global...Meta’s president of global affairs, Nick Clegg, says they will be reinstating Mr. Trump’s Facebook and Instagram accounts in the coming weeks, adding that the move would come with new guardrails in place to deter repeat offenses.
Clegg says going forward, the Republican leader could be suspended for up to two years for each violation of platform policies.
]]>65africa_business_radio,facebook,instagram,meta,newscleanfullhttps://www.spreaker.com/episode/african-leaders-clamor-for-food-security--52558260The current African Union chairman - Senegalese President Macky Sall - told the meeting in Dakar that Africa had huge potential that was not exploited.
The head of the African Development Bank, Akinwumi Adesina, two-thirds of the world's uncultivated arable land is in Africa adding that Africa can and must feed itself.
Tens of millions of people in East Africa and the Sahel region face hunger because of drought, conflict and a rise in the cost of food and fuel.]]>https://api.spreaker.com/episode/52558260Fri, 27 Jan 2023 08:21:40 +0000Africa Business RadioA summit on food security across Africa has heard calls for the continent to feed itself, rather than relying on aid or imports. The current African Union chairman - Senegalese President Macky Sall - told the meeting in Dakar that Africa had huge...The current African Union chairman - Senegalese President Macky Sall - told the meeting in Dakar that Africa had huge potential that was not exploited.
The head of the African Development Bank, Akinwumi Adesina, two-thirds of the world's uncultivated arable land is in Africa adding that Africa can and must feed itself.
Tens of millions of people in East Africa and the Sahel region face hunger because of drought, conflict and a rise in the cost of food and fuel.]]>55africa,africa_business_radio,food_security,newscleanfullhttps://www.spreaker.com/episode/angola-urges-restraint-in-ukraine--52558268The Angola foreign affairs ministry says the use of increasingly sophisticated equipment might lead to greater involvement of the different parties to the conflict, and eventually lead to a third world war.
The statement also highlighted Angola's historic friendship ties with Russia and its good cooperation ties with Ukraine.]]>https://api.spreaker.com/episode/52558268Fri, 27 Jan 2023 08:18:15 +0000Africa Business RadioAngola has expressed concern over the use of heavy military equipment in the war in Ukraine as Russian Foreign Minister Sergei Lavrov visits the oil-rich southern African country. The Angola foreign affairs ministry says the use of increasingly...The Angola foreign affairs ministry says the use of increasingly sophisticated equipment might lead to greater involvement of the different parties to the conflict, and eventually lead to a third world war.
The statement also highlighted Angola's historic friendship ties with Russia and its good cooperation ties with Ukraine.]]>61africa_business_radio,angola,news,russia,ukrainecleanfullhttps://www.spreaker.com/episode/france-agrees-to-pull-troops-out-of-burkina-faso--52558265Burkina Faso says it wants to defend itself.
France says it would also recall its ambassador to the country for consultations. Last year French troops also left neighbouring Mali, where they had spent eight years fighting jihadists.
France has kept close military links with many of its former colonies in West Africa and has been helping several of them fight jihadists who are active across the region under the now-terminated Operation Barkhane.
]]>https://api.spreaker.com/episode/52558265Fri, 27 Jan 2023 08:14:06 +0000Africa Business RadioFrance has agreed to a request from Burkina Faso's military leaders to withdraw all its troops from the country. Burkina Faso says it wants to defend itself. France says it would also recall its ambassador to the country for consultations. Last year...Burkina Faso says it wants to defend itself.
France says it would also recall its ambassador to the country for consultations. Last year French troops also left neighbouring Mali, where they had spent eight years fighting jihadists.
France has kept close military links with many of its former colonies in West Africa and has been helping several of them fight jihadists who are active across the region under the now-terminated Operation Barkhane.
]]>66africa,africa_business_radio,burkina_faso,france,insurgency,newscleanfullhttps://www.spreaker.com/episode/us-declares-visa-restrictions-for-anyone-who-undermines-nigeria-s-elections--52558269US Secretary of State Antony Blinken, says his country supports Nigeria’s democratic process and desire to uphold the rule of law. To support Nigeria’s upcoming elections, today I am announcing visa restrictions for those involved in undermining democracy in Nigeria.
Blinken says the United States supports Nigerian aspirations to combat corruption and strengthen democracy and the rule of law.
The US Embassy and Consulate in Nigeria, in a statement, says the visa restrictions are specific to certain individuals and are not directed at the Nigerian people or the Government of Nigeria.]]>https://api.spreaker.com/episode/52558269Fri, 27 Jan 2023 08:12:58 +0000Africa Business RadioThe United States Government declared that people involved in undermining the electoral process in Nigeria will be slapped with visa restrictions. US Secretary of State Antony Blinken, says his country supports Nigeria’s democratic process and desire...US Secretary of State Antony Blinken, says his country supports Nigeria’s democratic process and desire to uphold the rule of law. To support Nigeria’s upcoming elections, today I am announcing visa restrictions for those involved in undermining democracy in Nigeria.
Blinken says the United States supports Nigerian aspirations to combat corruption and strengthen democracy and the rule of law.
The US Embassy and Consulate in Nigeria, in a statement, says the visa restrictions are specific to certain individuals and are not directed at the Nigerian people or the Government of Nigeria.]]>642023_election,africa_business_radio,news,nigeria,u.k,visa_restrictioncleanfullhttps://www.spreaker.com/episode/uk-declares-generous-export-packages-for-nigeria--52558267The British Deputy High Commission, Lagos, says the DCTS offers one of the most generous sets of trading preferences in the world and demonstrates the UK’s commitment to building long-term, mutually beneficial relationships with countries like Nigeria.
The commission says the work is part of a wider push by the UK to drive a free trade, pro-growth agenda across the globe, using trade to drive prosperity and help eradicate poverty.]]>https://api.spreaker.com/episode/52558267Fri, 27 Jan 2023 08:10:50 +0000Africa Business RadioThe UK Government has launched the Developing Countries Trading Scheme in Nigeria, which will enable the country to benefit from free-duty trade on exported goods. The British Deputy High Commission, Lagos, says the DCTS offers one of the most...The British Deputy High Commission, Lagos, says the DCTS offers one of the most generous sets of trading preferences in the world and demonstrates the UK’s commitment to building long-term, mutually beneficial relationships with countries like Nigeria.
The commission says the work is part of a wider push by the UK to drive a free trade, pro-growth agenda across the globe, using trade to drive prosperity and help eradicate poverty.]]>64africa_business_radio,free_trade,news,nigeria,trading_scheme,u.kcleanfullhttps://www.spreaker.com/episode/nigerian-government-approves-policy-to-protect-children-in-digital-environment--52558262The Minister of Communications and Digital Economy, Isah Pantami, says that the strategy aims at protecting children from the harmful side of the digital environment. The meeting was presided over by Vice President Yemi Osinbajo.
Pantami says the policy was in line with the International Telecommunication Union’s policy document for all its member countries.
He says the cabinet also approved the Nigeria Data Protection Bill to ensure the privacy and confidentiality of data being submitted to the government and to other institutions.]]>https://api.spreaker.com/episode/52558262Fri, 27 Jan 2023 08:05:20 +0000Africa Business RadioThe Federal Executive Council in Abuja approved the National Child Online Protection Policy and Strategy. The Minister of Communications and Digital Economy, Isah Pantami, says that the strategy aims at protecting children from the harmful side of...The Minister of Communications and Digital Economy, Isah Pantami, says that the strategy aims at protecting children from the harmful side of the digital environment. The meeting was presided over by Vice President Yemi Osinbajo.
Pantami says the policy was in line with the International Telecommunication Union’s policy document for all its member countries.
He says the cabinet also approved the Nigeria Data Protection Bill to ensure the privacy and confidentiality of data being submitted to the government and to other institutions.]]>61africa_business_radio,digital_environment,news,nigeria,protection_policycleanfullhttps://www.spreaker.com/episode/nigerian-president-unveils-multi-billion-naira-tetfund-facilities-in-nda--52558263The Chairman, Senate Committee on Defence, Senator Aliyu Wamakko, noted that the projects at NDA gulped over N685 million, AFIT over N604 million, KASU over N491 million, and Kaduna Polytechnic over N450 million for the 2020/2021 annual intervention and merged projects.
Senator Wamakko stressed the importance of education in the nation’s development, adding that inaugurating the projects, would in no small measure enhance teaching and learning in the country.]]>https://api.spreaker.com/episode/52558263Fri, 27 Jan 2023 07:56:06 +0000Africa Business RadioPresident Muhammadu Buhari, has unveiled Tertiary Education Trust Fund’s sponsored yearly intervention projects at the nation’s foremost military university, Nigeria Defence Academy, Nigerian Airforce Institute of Technology, Kaduna Polytechnic as...The Chairman, Senate Committee on Defence, Senator Aliyu Wamakko, noted that the projects at NDA gulped over N685 million, AFIT over N604 million, KASU over N491 million, and Kaduna Polytechnic over N450 million for the 2020/2021 annual intervention and merged projects.
Senator Wamakko stressed the importance of education in the nation’s development, adding that inaugurating the projects, would in no small measure enhance teaching and learning in the country.]]>96africa_business_radio,nda,news,nigeria,tetfundcleanfullhttps://www.spreaker.com/episode/nigerian-president-welcomes-538m-agric-fund-by-afdb--52558261He urged his counterparts to allocate at least 10 percent of their nations’ budgets to agriculture as agreed in the Malabo Declaration of the African Heads of State and Government.
Buhari says the Special Agro-Industrial Processing Zones for Nigeria, which is in the first phase will cover seven States in the Federation.]]>https://api.spreaker.com/episode/52558261Fri, 27 Jan 2023 07:51:16 +0000Africa Business RadioPresident Muhammadu Buhari, in Senegal, lauded the provision of $538.05m by the African Development Bank, the Islamic Development Bank, and the International Fund for Agricultural Development for the first phase of the Special Agro-Industrial...He urged his counterparts to allocate at least 10 percent of their nations’ budgets to agriculture as agreed in the Malabo Declaration of the African Heads of State and Government.
Buhari says the Special Agro-Industrial Processing Zones for Nigeria, which is in the first phase will cover seven States in the Federation.]]>78afdb,africa_business_radio,agric_fund,news,nigeriacleanfullhttps://www.spreaker.com/episode/iraqi-prime-minister-replaces-central-bank-governor-over-currency-drop--52538933Prime Minister Mohammed Shia al-Sudani made the move after Central Bank of Iraq Governor Mustafa Ghaleb Mukheef told him he no longer wishes to stay on the job.
Mukheef, who was in the post since 2020, was replaced by Muhsen al-Allaq, the agency added.
al-Sudani says that the successors for the key posts were known for their experience, their abilities and their integrity.]]>https://api.spreaker.com/episode/52538933Wed, 25 Jan 2023 13:12:13 +0000Africa Business RadioIraq’s prime minister has replaced the governor of the country’s Central Bank following a weekslong plunge of the Iraqi dinar. Prime Minister Mohammed Shia al-Sudani made the move after Central Bank of Iraq Governor Mustafa Ghaleb Mukheef told him he...Prime Minister Mohammed Shia al-Sudani made the move after Central Bank of Iraq Governor Mustafa Ghaleb Mukheef told him he no longer wishes to stay on the job.
Mukheef, who was in the post since 2020, was replaced by Muhsen al-Allaq, the agency added.
al-Sudani says that the successors for the key posts were known for their experience, their abilities and their integrity.]]>50africa_business_radio,currency_drop,iraq,newscleanfullhttps://www.spreaker.com/episode/us-joins-europe-with-fresh-sanctions-over-iran-protest-crackdown--52538840The US Treasury Department says that its sanctions, taken in coordination with the European Union and the United Kingdom, targeted the Islamic Revolutionary Guard Corps Cooperative Foundation and five of its board members, as well as four senior IRGC commanders.
Iran’s Deputy Minister of Intelligence and Security Naser Rashedi was also blacklisted.]]>https://api.spreaker.com/episode/52538840Wed, 25 Jan 2023 13:10:44 +0000Africa Business RadioThe United States has joined its allies in Europe in issuing fresh sanctions against Iranian officials and entities over Tehran’s crackdown on ongoing anti-government protests. The US Treasury Department says that its sanctions, taken in coordination...The US Treasury Department says that its sanctions, taken in coordination with the European Union and the United Kingdom, targeted the Islamic Revolutionary Guard Corps Cooperative Foundation and five of its board members, as well as four senior IRGC commanders.
Iran’s Deputy Minister of Intelligence and Security Naser Rashedi was also blacklisted.]]>52africa_business_radio,europe,iran,news,u.scleanfullhttps://www.spreaker.com/episode/north-korea-behind-u-s-100m-crypto-theft--52538839The Federal Bureau of Investigation says the North Korean hacking groups Lazarus Group and APT38 carried out the cyber heist on crypto firm Harmony last June.
Harmony, which has its headquarters in California, announced in June that hackers had stolen $100m in digital coins from Horizon bridge, a so-called blockchain bridge used to move cryptocurrencies between different blockchain networks.
The FBI, which previously issued an advisory about a malware campaign used in the heist dubbed “TraderTraitor”, says it had frozen some of the funds with the cooperation of some of the virtual asset service providers.]]>https://api.spreaker.com/episode/52538839Wed, 25 Jan 2023 13:09:21 +0000Africa Business RadioUnited States law enforcement says North Korean hackers were behind the theft of $100m worth of digital assets from a US crypto firm last year. The Federal Bureau of Investigation says the North Korean hacking groups Lazarus Group and APT38 carried...The Federal Bureau of Investigation says the North Korean hacking groups Lazarus Group and APT38 carried out the cyber heist on crypto firm Harmony last June.
Harmony, which has its headquarters in California, announced in June that hackers had stolen $100m in digital coins from Horizon bridge, a so-called blockchain bridge used to move cryptocurrencies between different blockchain networks.
The FBI, which previously issued an advisory about a malware campaign used in the heist dubbed “TraderTraitor”, says it had frozen some of the funds with the cooperation of some of the virtual asset service providers.]]>67africa_business_radio,crypto_theft,fbi,news,north_korea,u.scleanfullhttps://www.spreaker.com/episode/biden-calls-for-ban-on-assault-weapons-after-california-shootings--52538833A group of senators reintroduced a federal Assault Weapons Ban and legislation that would raise the minimum purchase age for assault weapons to 21.
A suspected gunman was in custody Tuesday over the killing of seven people in a rural community in northern California, just two days after a mass shooting at a Lunar New Year celebration near Los Angeles.
A law banning assault rifles expired in 2004 and Congress has repeatedly failed to renew it even as the country endures repeated mass shootings.]]>https://api.spreaker.com/episode/52538833Wed, 25 Jan 2023 13:07:53 +0000Africa Business RadioUS President Joe Biden called for Congress to act quickly to ban assault weapons, as California reeled from two deadly mass shootings in less than 48 hours. A group of senators reintroduced a federal Assault Weapons Ban and legislation that would...A group of senators reintroduced a federal Assault Weapons Ban and legislation that would raise the minimum purchase age for assault weapons to 21.
A suspected gunman was in custody Tuesday over the killing of seven people in a rural community in northern California, just two days after a mass shooting at a Lunar New Year celebration near Los Angeles.
A law banning assault rifles expired in 2004 and Congress has repeatedly failed to renew it even as the country endures repeated mass shootings.]]>59africa_business_radio,gun_ban,mass_shooting,news,u.scleanfullhttps://www.spreaker.com/episode/nursing-federation-slams-uk-for-recruiting-from-poorer-nations--52538834The International Council of Nurses says wealthy countries recruiting nursing staff from some of the world’s most fragile health systems was extremely hard to justify and perhaps should be stopped entirely.
The ICN says seven or eight wealthy countries notably Britain, the United States, and Canada were driving around 80 percent of international nurse migration, to try to address their domestic shortages.
ICN chief executive Howard Catton cited talks between Britain and Ghana whereby London will pay Accra £1,000 per nurse recruited.
The ICN says international recruitment focused largely on experienced, specialised nurses, rather than the myth that only newly-qualified nurses were being targeted.]]>https://api.spreaker.com/episode/52538834Wed, 25 Jan 2023 13:06:15 +0000Africa Business RadioThe global nurses’ federation says Britain’s recruitment of nurses from poorer countries as a quick fix for its own underinvestment in the profession is a serious cause of concern. The International Council of Nurses says wealthy countries recruiting...The International Council of Nurses says wealthy countries recruiting nursing staff from some of the world’s most fragile health systems was extremely hard to justify and perhaps should be stopped entirely.
The ICN says seven or eight wealthy countries notably Britain, the United States, and Canada were driving around 80 percent of international nurse migration, to try to address their domestic shortages.
ICN chief executive Howard Catton cited talks between Britain and Ghana whereby London will pay Accra £1,000 per nurse recruited.
The ICN says international recruitment focused largely on experienced, specialised nurses, rather than the myth that only newly-qualified nurses were being targeted.]]>77africa_business_radio,news,nursing_federation,u.kcleanfullhttps://www.spreaker.com/episode/us-treasury-secretary-in-south-africa-for-talks--52538838The tour - which also included Senegal and Zambia - comes as Washington faces growing competition in the region with Russia and China.
South Africa has recently taken over the chair of the BRICS economic group - made up of Brazil, Russia, India, China, and South Africa - which was set up as a counterweight to US global dominance.
While in South Africa, Ms. Yellen is expected to push President Cyril Ramaphosa to pursue plans for a gradual transition away from heavy reliance on coal to cleaner energy.]]>https://api.spreaker.com/episode/52538838Wed, 25 Jan 2023 13:04:05 +0000Africa Business RadioThe US Treasury Secretary, Janet Yellen, is visiting South Africa on the latest stage of a three-nation African tour aimed at boosting US influence. The tour - which also included Senegal and Zambia - comes as Washington faces growing competition in...The tour - which also included Senegal and Zambia - comes as Washington faces growing competition in the region with Russia and China.
South Africa has recently taken over the chair of the BRICS economic group - made up of Brazil, Russia, India, China, and South Africa - which was set up as a counterweight to US global dominance.
While in South Africa, Ms. Yellen is expected to push President Cyril Ramaphosa to pursue plans for a gradual transition away from heavy reliance on coal to cleaner energy.]]>59africa_business_radio,brazil,brics,china,economic_group,news,russia,south_africa,u.scleanfullhttps://www.spreaker.com/episode/european-union-pledges-102-5m-for-countries-in-lake-chad-region--52538837The organization, says violence in the region, where the civilian population is increasingly the victim of targeted attacks, is resulting in large-scale displacement, disruption of livelihoods, and lack of access to basic services.
The total amount for 2023, it added, will be distributed as follows: Nigeria (€34 million), Niger (€25 million), Chad (€26.5 million), and Cameroon (€17 million).]]>https://api.spreaker.com/episode/52538837Wed, 25 Jan 2023 13:02:01 +0000Africa Business RadioThe European Union has allocated €102.5 million in humanitarian aid to help vulnerable communities in Nigeria, Niger, Chad, and Cameroon, as the humanitarian situation continues to deteriorate in the Lake Chad region. The organization, says violence...The organization, says violence in the region, where the civilian population is increasingly the victim of targeted attacks, is resulting in large-scale displacement, disruption of livelihoods, and lack of access to basic services.
The total amount for 2023, it added, will be distributed as follows: Nigeria (€34 million), Niger (€25 million), Chad (€26.5 million), and Cameroon (€17 million).]]>64africa,africa_business_radio,european_union,financial_aid,newscleanfullhttps://www.spreaker.com/episode/nigeria-s-banks-lending-rate-to-customers-hits-29-13--52538903The report from the Central Bank shows that the prime lending rate was 13.85 percent, while the interbank call rate was 12 percent.
The Treasury bill rate was 4.35 percent, the one-month deposit rate was 8.15 percent, three months deposit rate was 3.79 percent, six months deposit rate was 8.68 percent, while 12 months deposit rate was 8.22 percent.
The National Institute of Credit Administration stated in its report blueprint report for the growth, development, and sustainability of micro, small, and medium-size enterprise sector in Nigeria that there was a need to support businesses with single-digit loans as high-interest rates was affecting economic growth.]]>https://api.spreaker.com/episode/52538903Wed, 25 Jan 2023 12:59:49 +0000Africa Business RadioThe maximum lending rate in the banking sector hit 29.13 percent while savings deposit rates were 4.13 percent as of the end of December 2022. The report from the Central Bank shows that the prime lending rate was 13.85 percent, while the interbank...The report from the Central Bank shows that the prime lending rate was 13.85 percent, while the interbank call rate was 12 percent.
The Treasury bill rate was 4.35 percent, the one-month deposit rate was 8.15 percent, three months deposit rate was 3.79 percent, six months deposit rate was 8.68 percent, while 12 months deposit rate was 8.22 percent.
The National Institute of Credit Administration stated in its report blueprint report for the growth, development, and sustainability of micro, small, and medium-size enterprise sector in Nigeria that there was a need to support businesses with single-digit loans as high-interest rates was affecting economic growth.]]>74africa_business_radio,banks,inflation,lending_rate,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-on-lookout-of-deadly-chinese-flu--52538932He says when there is an outbreak of any flu or disease anywhere in the world, WHO will announce it to the world and send an advisory on how it can be handled, but there is no such alert in the case of the strange flu.
The minister says that foreign media outlets were also silent about the flu from China, an indication that the news making the rounds is a fabrication.
He, however, says that the Federal Government is on the lookout for anything suspicious.
]]>https://api.spreaker.com/episode/52538932Wed, 25 Jan 2023 12:56:37 +0000Africa Business RadioThe Minister of Health, Dr Osagie Ehanire, says though the World Health Organisation and other world health bodies had not informed Nigeria of any deadly flu from China, the Federal Government is on the lookout for any occurrence. He says when there...He says when there is an outbreak of any flu or disease anywhere in the world, WHO will announce it to the world and send an advisory on how it can be handled, but there is no such alert in the case of the strange flu.
The minister says that foreign media outlets were also silent about the flu from China, an indication that the news making the rounds is a fabrication.
He, however, says that the Federal Government is on the lookout for anything suspicious.
]]>62africa_business_radio,chinese_flu,health,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-inland-revenue-service-makes-historic-n10-1-trillion-revenue-in-2022--52538904Executive Chairman, Mr. Muhammad Nami, says this is the highest tax collection ever recorded in its history.
The Service disclosed this in a “FIRS 2022 Performance Update,” report that the FIRS, in the year 2022 collected a total of N10.1 trillion in both oil and non-oil revenues as against a target of N10.44 trillion,” the report added.
The report added that Company's Income Tax contributed N2.83 trillion; Value Added Tax N2.51 trillion; Electronic Money Transfer Levy N125.67 billion and Earmarked Taxes N353.69 billion.]]>https://api.spreaker.com/episode/52538904Wed, 25 Jan 2023 12:54:11 +0000Africa Business RadioThe Federal Inland Revenue Service generated a record N10.1 trillion in revenue in 2022. Executive Chairman, Mr. Muhammad Nami, says this is the highest tax collection ever recorded in its history. The Service disclosed this in a “FIRS 2022...Executive Chairman, Mr. Muhammad Nami, says this is the highest tax collection ever recorded in its history.
The Service disclosed this in a “FIRS 2022 Performance Update,” report that the FIRS, in the year 2022 collected a total of N10.1 trillion in both oil and non-oil revenues as against a target of N10.44 trillion,” the report added.
The report added that Company's Income Tax contributed N2.83 trillion; Value Added Tax N2.51 trillion; Electronic Money Transfer Levy N125.67 billion and Earmarked Taxes N353.69 billion.]]>70africa_business_radio,business,inland_revenue,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-president-inaugurates-lekki-deep-sea-port-rice-mill-in-lagos--52538902The projects are part of a series of facilities being commissioned by Buhari during a two-day visit to the state.
The Lekki Deep Sea Port which encompasses investment in excess of $1.5 billion is a joint venture between the Federal Government through the Nigerian Ports Authority, Lagos State Government, the Tolarams Group and China Harbour Engineering Company.
The President led Governor Babajide Sanwo-Olu of Lagos State; the Minister of Transportation, Muazu Sambo; the Chinese Ambassador to Nigeria, Ciu Jianchun; top government officials; and traditional rulers, to witness the overloading from the container ship, sailing under the flag of Malta.]]>https://api.spreaker.com/episode/52538902Wed, 25 Jan 2023 12:46:27 +0000Africa Business RadioPresident Muhammadu Buhari inaugurated the Lekki Deep Sea Port, Imota Rice Mill, and Bestaf Lubricant at MRS Holdings Company Limited all located in Lagos State. The projects are part of a series of facilities being commissioned by Buhari during a...The projects are part of a series of facilities being commissioned by Buhari during a two-day visit to the state.
The Lekki Deep Sea Port which encompasses investment in excess of $1.5 billion is a joint venture between the Federal Government through the Nigerian Ports Authority, Lagos State Government, the Tolarams Group and China Harbour Engineering Company.
The President led Governor Babajide Sanwo-Olu of Lagos State; the Minister of Transportation, Muazu Sambo; the Chinese Ambassador to Nigeria, Ciu Jianchun; top government officials; and traditional rulers, to witness the overloading from the container ship, sailing under the flag of Malta.]]>71africa_business_radio,lekki_deep_port,news,nigeriacleanfullhttps://www.spreaker.com/episode/chris-hipkins-confirmed-as-new-zealand-s-next-prime-minister--52515996Hipkins got the unanimous support of legislators from the ruling Labour Party on Sunday after he was the only candidate to replace the charismatic Jacinda Ardern, who shocked the nation last week when she announced she was resigning after more than five years as prime minister.
Hipkins immediately acknowledged Ardern’s leadership, who he called one of New Zealand’s greatest prime ministers and an inspiration to women and girls everywhere.]]>https://api.spreaker.com/episode/52515996Mon, 23 Jan 2023 12:33:59 +0000Africa Business RadioNew Zealand’s former minister for COVID-19, Chris Hipkins, has been confirmed as the country’s next prime minister. Hipkins got the unanimous support of legislators from the ruling Labour Party on Sunday after he was the only candidate to replace the...Hipkins got the unanimous support of legislators from the ruling Labour Party on Sunday after he was the only candidate to replace the charismatic Jacinda Ardern, who shocked the nation last week when she announced she was resigning after more than five years as prime minister.
Hipkins immediately acknowledged Ardern’s leadership, who he called one of New Zealand’s greatest prime ministers and an inspiration to women and girls everywhere.]]>52africa_business_radio,news,new_zealand,prime_ministercleanfullhttps://www.spreaker.com/episode/spotify-to-announce-layoffs-this-week--52515991Bloomberg reports that the number of job cuts under consideration at the popular streaming service is not clear, citing unnamed people who are familiar with the matter.
Tech firms have cut thousands of jobs in the last year as slowing advertising revenues and recession fears prompt reassessments of headcounts that ballooned during the COVID-19 pandemic.]]>https://api.spreaker.com/episode/52515991Mon, 23 Jan 2023 12:33:08 +0000Africa Business RadioSpotify Technology, the Swedish audio streaming giant, is preparing to announce layoffs as soon as this week. Bloomberg reports that the number of job cuts under consideration at the popular streaming service is not clear, citing unnamed people who...Bloomberg reports that the number of job cuts under consideration at the popular streaming service is not clear, citing unnamed people who are familiar with the matter.
Tech firms have cut thousands of jobs in the last year as slowing advertising revenues and recession fears prompt reassessments of headcounts that ballooned during the COVID-19 pandemic.]]>47africa_business_radio,layoff,news,spotifycleanfullhttps://www.spreaker.com/episode/opec-fund-debuts-u-s-1bn-sdg-bond-for-development-finance--52515992The three-year bond which will pay investors an interest rate of 4.5 percent, will also be classed as a 'sustainable development' bond.
The OPEC Fund's head of Funding, Martine Mills Jansen, says the bond pricing is a major milestone for the OPEC Fund and the culmination of several years of intensive work.
A breakdown of subscriptions showed that central banks from the Middle East, Europe, and Asia and other types of official institutions, including from the United States, accounted for 62 percent of the bond's buyers.]]>https://api.spreaker.com/episode/52515992Mon, 23 Jan 2023 12:32:27 +0000Africa Business RadioThe OPEC Fund for International Development, a development institution established by the Organization of the Petroleum Exporting Countries' member governments, has raised $1 billion by selling its first-ever bond. The three-year bond which will pay...The three-year bond which will pay investors an interest rate of 4.5 percent, will also be classed as a 'sustainable development' bond.
The OPEC Fund's head of Funding, Martine Mills Jansen, says the bond pricing is a major milestone for the OPEC Fund and the culmination of several years of intensive work.
A breakdown of subscriptions showed that central banks from the Middle East, Europe, and Asia and other types of official institutions, including from the United States, accounted for 62 percent of the bond's buyers.]]>62africa_business_radio,development_fund,news,opec,sdg_bondcleanfullhttps://www.spreaker.com/episode/canada-to-help-facilitate-talks-to-end-cameroon-conflict--52515994Canadian newspaper La Presse quotes an anonymous source in Prime Minister Justin Trudeau's office as saying that there had already been three secret meetings.
The Canadian government announced that it had accepted the role of facilitator.]]>https://api.spreaker.com/episode/52515994Mon, 23 Jan 2023 12:30:45 +0000Africa Business RadioThe government of Cameroon and different groups involved in the separatist conflict in the country have agreed to take part in a process aimed at resolving the situation, the Canadian government says. Canadian newspaper La Presse quotes an anonymous...Canadian newspaper La Presse quotes an anonymous source in Prime Minister Justin Trudeau's office as saying that there had already been three secret meetings.
The Canadian government announced that it had accepted the role of facilitator.]]>45africa_business_radio,cameroon,canada,newscleanfullhttps://www.spreaker.com/episode/russian-warship-with-missiles-to-join-drills-with-south-africa--52515990Russia’s state-owned Tass news agency reports that Admiral Gorshkov will call at the logistics base in the Syrian port of Tartus, following which it will participate in joint drills with the Chinese and South African navies.
South Africa's military announced it would next month hold joint military drills with Russia and China off its coast.
The drills will run for 10 days from 17 February to 27 February in the port city of Durban and Richards Bay.
]]>https://api.spreaker.com/episode/52515990Mon, 23 Jan 2023 12:29:38 +0000Africa Business RadioA Russian warship armed with hypersonic cruise weapons will take part in joint exercises with the Chinese and South African navies in February. Russia’s state-owned Tass news agency reports that Admiral Gorshkov will call at the logistics base in the...Russia’s state-owned Tass news agency reports that Admiral Gorshkov will call at the logistics base in the Syrian port of Tartus, following which it will participate in joint drills with the Chinese and South African navies.
South Africa's military announced it would next month hold joint military drills with Russia and China off its coast.
The drills will run for 10 days from 17 February to 27 February in the port city of Durban and Richards Bay.
]]>56africa,africa_business_radio,china,military_drill,news,russia,south_africacleanfullhttps://www.spreaker.com/episode/south-africa-cuts-power-to-nigeria-consulate-over-unpaid-bills--52515995City officials went to the consulate, in an upmarket northern suburb, to cut off supplies over 400,000 rand in outstanding charges, according to a city official.
The consulate denied the officials access, describing them in a statement as an invasion squad.
Supplies were remotely switched off.
South Africa’s foreign ministry spokesman Clayson Monyela says that the consulate has dispatched a diplomatic note to us.]]>https://api.spreaker.com/episode/52515995Mon, 23 Jan 2023 12:27:10 +0000Africa Business RadioThe Nigerian consulate in Johannesburg has complained to the South African government after city authorities disconnected the consulate’s electricity supplies over unpaid bills. City officials went to the consulate, in an upmarket northern suburb, to...City officials went to the consulate, in an upmarket northern suburb, to cut off supplies over 400,000 rand in outstanding charges, according to a city official.
The consulate denied the officials access, describing them in a statement as an invasion squad.
Supplies were remotely switched off.
South Africa’s foreign ministry spokesman Clayson Monyela says that the consulate has dispatched a diplomatic note to us.]]>56africa_business_radio,electricity,news,nigeria,south_africa,upaid_billcleanfullhttps://www.spreaker.com/episode/nigerian-governor-seeks-extension-of-deadline-for-redesigned-naira-note--52515993Buni however urged the apex bank to give a special concession and alternatives to Yobe residents for the change of the naira notes.
He explained that only four out of the 17 local government areas in the state have banks, making it difficult for people in the remaining 13 local government areas to access banking services.
He says CBN should also ensure commercial banks open branches in the local government council headquarters now that there is improved peace and security across the state.]]>https://api.spreaker.com/episode/52515993Mon, 23 Jan 2023 12:24:51 +0000Africa Business RadioYobe State Governor, Mai Mala Buni, has appealed to the Central Bank of Nigeria to extend the January 31 deadline for the phasing out of the old notes. Buni however urged the apex bank to give a special concession and alternatives to Yobe residents...Buni however urged the apex bank to give a special concession and alternatives to Yobe residents for the change of the naira notes.
He explained that only four out of the 17 local government areas in the state have banks, making it difficult for people in the remaining 13 local government areas to access banking services.
He says CBN should also ensure commercial banks open branches in the local government council headquarters now that there is improved peace and security across the state.]]>60africa_business_radio,apex_bank,naira_note,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-ban-on-cash-withdrawals-from-public-accounts-not-to-fight-the-government--52515997The NGF also set up a six-member committee to engage the Central Bank of Nigeria in addressing anomalies in the country’s monetary management and financial system”.
The NFIU says that the entire financial system suffered excess liquidity and liquidity ratio infringements which put hedging pressure on demand for foreign currency and gradually destroyed the value of the Naira and above all created wide room for money laundering and terrorism affecting significantly the rural populace on top of general inflation in the open market place.]]>https://api.spreaker.com/episode/52515997Mon, 23 Jan 2023 12:15:40 +0000Africa Business RadioThe Nigerian Financial Intelligence Unit says that its ban on cash withdrawals for all federal and state accounts is to help governors and not to fight them. The NGF also set up a six-member committee to engage the Central Bank of Nigeria in...The NGF also set up a six-member committee to engage the Central Bank of Nigeria in addressing anomalies in the country’s monetary management and financial system”.
The NFIU says that the entire financial system suffered excess liquidity and liquidity ratio infringements which put hedging pressure on demand for foreign currency and gradually destroyed the value of the Naira and above all created wide room for money laundering and terrorism affecting significantly the rural populace on top of general inflation in the open market place.]]>63africa_business_radio,cash_withdrawal_ban,news,nigeriacleanfullhttps://www.spreaker.com/episode/microsoft-to-cut-10-000-jobs-as-spending-slows--52491046Microsoft chief executive Satya Nadella says that while customer spending had grown during Covid, more people were now choosing to exercise caution
He says the firm would continue to hire in key areas.
Mr. Nadella says many parts of the world were in a recession or anticipating one, while at the same time, the next major wave of computing is being born, with advances in AI.]]>https://api.spreaker.com/episode/52491046Fri, 20 Jan 2023 08:07:27 +0000Africa Business RadioMicrosoft says it will cut 10,000 jobs in the latest round of staff redundancies to hit the tech industry which will affect up to 5% of its global workforce and cost the business $1.2bn in severance and reorganization costs. Microsoft chief executive...Microsoft chief executive Satya Nadella says that while customer spending had grown during Covid, more people were now choosing to exercise caution
He says the firm would continue to hire in key areas.
Mr. Nadella says many parts of the world were in a recession or anticipating one, while at the same time, the next major wave of computing is being born, with advances in AI.]]>63africa_business_radio,microsoft,newscleanfullhttps://www.spreaker.com/episode/ukraine-minister-others-dead-in-helicopter-crash--52491054Ukraine did not claim direct Russian involvement, but President Volodymyr Zelensky said the tragedy was a consequence of the war.
Officials initially said that 18 people died but revised the toll down to 14 — including Interior Minister Denys Monastyrsky, other ministry officials and a child — after search operations ended.]]>https://api.spreaker.com/episode/52491054Fri, 20 Jan 2023 08:03:59 +0000Africa Business RadioUkraine’s interior minister and other officials were among more than a dozen people killed in a helicopter crash near a kindergarten outside Kyiv, in a blow to the war-battered nation’s government. Ukraine did not claim direct Russian involvement,...Ukraine did not claim direct Russian involvement, but President Volodymyr Zelensky said the tragedy was a consequence of the war.
Officials initially said that 18 people died but revised the toll down to 14 — including Interior Minister Denys Monastyrsky, other ministry officials and a child — after search operations ended.]]>62africa_business_radio,news,russia,ukrainecleanfullhttps://www.spreaker.com/episode/new-zealand-prime-minister-resigns--52491052She says she no longer had enough in the tank.
Ardern says she would step down no later than February 7, less than three years after winning a landslide election to secure her second term in office.
Ardern’s government has struggled – its popularity hampered by soaring inflation, a looming recession, and a resurgent conservative opposition.]]>https://api.spreaker.com/episode/52491052Fri, 20 Jan 2023 08:02:59 +0000Africa Business RadioNew Zealand Prime Minister Jacinda Ardern, a global figurehead of progressive politics, announced that she would resign from office in a matter of weeks. She says she no longer had enough in the tank. Ardern says she would step down no later than...She says she no longer had enough in the tank.
Ardern says she would step down no later than February 7, less than three years after winning a landslide election to secure her second term in office.
Ardern’s government has struggled – its popularity hampered by soaring inflation, a looming recession, and a resurgent conservative opposition.]]>75africa_business_radio,news,new_zealand,re_electioncleanfullhttps://www.spreaker.com/episode/un-peacekeepers-find-mass-graves-in-east-dr-congo--52491055The discovery comes after a series of attacks by armed groups in the region of Ituri.
A UN spokesman, Farhan Haq, says the bodies of 42 people including women and children had been discovered in the village of Nyamamba, and a further seven men in the village of Mbogi.
The peacekeepers had launched patrols in the area after reports of attacks by Codeco militias.]]>https://api.spreaker.com/episode/52491055Fri, 20 Jan 2023 08:01:53 +0000Africa Business RadioUN peacekeepers in the east of the Democratic Republic of Congo have found dozens of bodies in mass graves. The discovery comes after a series of attacks by armed groups in the region of Ituri. A UN spokesman, Farhan Haq, says the bodies of 42...The discovery comes after a series of attacks by armed groups in the region of Ituri.
A UN spokesman, Farhan Haq, says the bodies of 42 people including women and children had been discovered in the village of Nyamamba, and a further seven men in the village of Mbogi.
The peacekeepers had launched patrols in the area after reports of attacks by Codeco militias.]]>57africa_business_radio,dr_congo,news,un_peacekeeperscleanfullhttps://www.spreaker.com/episode/ethiopia-s-tplf-says-eritrean-forces-still-in-tigray--52491051Mr. Obasanjo says that all Eritrean forces who had been fighting alongside Ethiopian federal troops in the Tigray war that broke out in November 2020 had pulled back to the Eritrean border.
Mr. Obasanjo's comments were refuted by TPLF spokesperson Getachew Reda who says AU officials should do their job first before such remarks are made.]]>https://api.spreaker.com/episode/52491051Fri, 20 Jan 2023 07:58:53 +0000Africa Business RadioThe Tigray People’s Liberation Front has refuted remarks by African Union mediator Olusegun Obasanjo that Eritrean forces have withdrawn from Ethiopia's northern Tigray region following a truce to end two years of civil war. Mr. Obasanjo says that...Mr. Obasanjo says that all Eritrean forces who had been fighting alongside Ethiopian federal troops in the Tigray war that broke out in November 2020 had pulled back to the Eritrean border.
Mr. Obasanjo's comments were refuted by TPLF spokesperson Getachew Reda who says AU officials should do their job first before such remarks are made.]]>87africa,africa_business_radio,ethiopia,news,rebel_group,tigray_forcecleanfullhttps://www.spreaker.com/episode/south-africa-to-hold-military-drills-with-russia-china--52491048The drills will run for 10 days from 17 February to 27 February in the port city of Durban and Richards Bay.
The South African National Defence Force says the aim is sharing operational skills and knowledge, South Africa was among African countries that abstained from taking sides in Russia's invasion of Ukraine.
The country assumed the chairmanship of the BRICS group of nations - which brings together Brazil, Russia, India, and China - last month.]]>https://api.spreaker.com/episode/52491048Fri, 20 Jan 2023 07:56:25 +0000Africa Business RadioSouth Africa's military has announced it will next month hold joint military drills with Russia and China off its coast. The drills will run for 10 days from 17 February to 27 February in the port city of Durban and Richards Bay. The South African...The drills will run for 10 days from 17 February to 27 February in the port city of Durban and Richards Bay.
The South African National Defence Force says the aim is sharing operational skills and knowledge, South Africa was among African countries that abstained from taking sides in Russia's invasion of Ukraine.
The country assumed the chairmanship of the BRICS group of nations - which brings together Brazil, Russia, India, and China - last month.]]>63africa,africa_business_radio,china,military_drill,news,russia,south_africacleanfullhttps://www.spreaker.com/episode/lagos-states-declares-work-free-days-for-pvc-collection--52491047The Head of Service, Hakeem Muri-Okunola, explained that the work-free day would commence on Tuesday, January 24, and end on Friday, January 27, 2023, for different grade levels of workers in the public service.
The dates include Tuesday, January 24, 2023, for grade levels 01, 03, 07, and 15; Wednesday, January 25, 2023, for grade levels 02, 04, 08, and 13; Thursday, January 26, 2023, for grade levels 05, 09, 12, and 17; and Friday, January 27, 2023, for grade levels 06, 10, 14 and 16.]]>https://api.spreaker.com/episode/52491047Fri, 20 Jan 2023 07:54:35 +0000Africa Business RadioThe Lagos State Government has declared a four-day work-free day for public servants to enable them to collect their Permanent Voter Cards at their respective local government/local council development areas in the state. The Head of Service, Hakeem...The Head of Service, Hakeem Muri-Okunola, explained that the work-free day would commence on Tuesday, January 24, and end on Friday, January 27, 2023, for different grade levels of workers in the public service.
The dates include Tuesday, January 24, 2023, for grade levels 01, 03, 07, and 15; Wednesday, January 25, 2023, for grade levels 02, 04, 08, and 13; Thursday, January 26, 2023, for grade levels 05, 09, 12, and 17; and Friday, January 27, 2023, for grade levels 06, 10, 14 and 16.]]>672023_election,africa_business_radio,lagos,news,nigeria,pvc_colectioncleanfullhttps://www.spreaker.com/episode/national-electoral-body-urged-to-make-nigerians-votes-count--52491053He added that the electoral umpire must ensure that votes counted and announced results reflect the true decision of Nigerians.
He says the election season is an opportunity to also tell the electoral umpire, INEC, to allow people’s votes to count.]]>https://api.spreaker.com/episode/52491053Fri, 20 Jan 2023 07:53:06 +0000Africa Business RadioThe Oyo State Governor, Seyi Makinde, has urged the Independent National Electoral Commission to ensure Nigerians’ votes count during the forthcoming polls. He added that the electoral umpire must ensure that votes counted and announced results...He added that the electoral umpire must ensure that votes counted and announced results reflect the true decision of Nigerians.
He says the election season is an opportunity to also tell the electoral umpire, INEC, to allow people’s votes to count.]]>622023_election,africa_business_radio,newscleanfullhttps://www.spreaker.com/episode/nigeria-s-central-bank-to-sanction-banks-dispensing-old-notes--52491050He says the CBN was already monitoring banks that were still dispensing old naira notes from their ATMs.
The director says anyone caught selling the new notes or any denomination of the naira would be jailed.]]>https://api.spreaker.com/episode/52491050Fri, 20 Jan 2023 07:50:34 +0000Africa Business RadioThe Director of the Legal Services Department of the Central Bank of Nigeria, Mr. Kofo Salam-Alada, says the agency will go tough on banks that continue to fill their ATM machines with old naira notes as the deadline to phase out the notes nears. He...He says the CBN was already monitoring banks that were still dispensing old naira notes from their ATMs.
The director says anyone caught selling the new notes or any denomination of the naira would be jailed.]]>642023_election,africa_business_radio,central_bank,new_notes,news,nigeriacleanfullhttps://www.spreaker.com/episode/german-defence-minister-resigns-after-months-of-criticism--52472737Christine Lambrecht says that months of media focus on my person had stood in the way of a factual debate about the military and Germany’s security policy.
She says the valuable work of the soldiers and many people in the department must stand in the foreground.
A spokesperson for Chancellor Olaf Scholz said he had accepted Lambrecht’s resignation and a replacement would be announced soon.]]>https://api.spreaker.com/episode/52472737Wed, 18 Jan 2023 14:06:37 +0000Africa Business RadioGermany’s embattled defense minister, who was criticized over the pace of a massive project to modernise the military and for Berlin’s stuttering response to the Ukraine war, has resigned. Christine Lambrecht says that months of media focus on my...Christine Lambrecht says that months of media focus on my person had stood in the way of a factual debate about the military and Germany’s security policy.
She says the valuable work of the soldiers and many people in the department must stand in the foreground.
A spokesperson for Chancellor Olaf Scholz said he had accepted Lambrecht’s resignation and a replacement would be announced soon.]]>54africa_business_radio,germany,newscleanfullhttps://www.spreaker.com/episode/china-2022-economic-growth-hit-by-coronavirus-restrictions--52472739Official figures show the gross domestic product of the world's second-largest economy rose by 3% in 2022.
The policy had a major impact on the country's economic activity last year but the sudden relaxation of the rules has led to a jump in Covid cases that threatens to also drag on growth in the early part of this year.
Jacqueline Rong, deputy China economist from the BNP Paribas bank says the data came in stronger than our expectation. Nevertheless, it reveals the hard hit to the Chinese economy from a zero-Covid policy and a property rout in 2022.
Experts have voiced caution over China's economic numbers - with some warning that the trajectory of the data rather than the figures themselves are a useful guide to how the country's economy is performing
]]>https://api.spreaker.com/episode/52472739Wed, 18 Jan 2023 14:04:36 +0000Africa Business RadioChina's economy grew last year at the second slowest rate in almost half a century - a sign of how the country's strict coronavirus regulations have affected businesses. Official figures show the gross domestic product of the world's second-largest...Official figures show the gross domestic product of the world's second-largest economy rose by 3% in 2022.
The policy had a major impact on the country's economic activity last year but the sudden relaxation of the rules has led to a jump in Covid cases that threatens to also drag on growth in the early part of this year.
Jacqueline Rong, deputy China economist from the BNP Paribas bank says the data came in stronger than our expectation. Nevertheless, it reveals the hard hit to the Chinese economy from a zero-Covid policy and a property rout in 2022.
Experts have voiced caution over China's economic numbers - with some warning that the trajectory of the data rather than the figures themselves are a useful guide to how the country's economy is performing
]]>76africa_business_radio,china,economic_growth,newscleanfullhttps://www.spreaker.com/episode/scotland-warns-of-showdown-with-uk-over-gender-law--52472740The looming standoff over the law to make it easier for people to change gender ratchets up London’s tense relations with Scotland’s regional government, less than two months after the ruling Scottish National Party saw its efforts to hold a new independence referendum stymied by the UK Supreme Court.
Sturgeon says that her government is prepared to “rigorously” defend the gender legislation all the way to the UK’s top court if Prime Minister Rishi Sunak steps in to block it.]]>https://api.spreaker.com/episode/52472740Wed, 18 Jan 2023 14:01:12 +0000Africa Business RadioScotland’s First Minister Nicola Sturgeon warned London against any bid to block a controversial Scottish gender recognition law, adding her devolved government is prepared to vigorously defend its powers all the way to the UK’s top court. The...The looming standoff over the law to make it easier for people to change gender ratchets up London’s tense relations with Scotland’s regional government, less than two months after the ruling Scottish National Party saw its efforts to hold a new independence referendum stymied by the UK Supreme Court.
Sturgeon says that her government is prepared to “rigorously” defend the gender legislation all the way to the UK’s top court if Prime Minister Rishi Sunak steps in to block it.]]>63africa_business_radio,gender_law,news,scotland,u.kcleanfullhttps://www.spreaker.com/episode/uk-teachers-announce-strike-over-pay--52472738The National Education Union says its members voted overwhelmingly to walk out as part of calls for an above-inflation pay rise.
The announcement came as public sector workers hold a wave of walkouts for salaries to take into account double-digit inflation.
NEU joint general secretary Kevin Courtney says they believe the government knows there needs to be a correction on teacher pay.
It said each school will only be affected for four days.]]>https://api.spreaker.com/episode/52472738Wed, 18 Jan 2023 13:59:45 +0000Africa Business RadioIndustrial action looked set to intensify after Britain’s largest teaching union announced a series of strike days over pay next month in England and Wales. The National Education Union says its members voted overwhelmingly to walk out as part of...The National Education Union says its members voted overwhelmingly to walk out as part of calls for an above-inflation pay rise.
The announcement came as public sector workers hold a wave of walkouts for salaries to take into account double-digit inflation.
NEU joint general secretary Kevin Courtney says they believe the government knows there needs to be a correction on teacher pay.
It said each school will only be affected for four days.]]>57africa_business_radio,industrial_action,news,u.kcleanfullhttps://www.spreaker.com/episode/south-africa-faces-legal-action-over-power-crisis--52472743They have given the government up to Friday to stabilise electricity supply or face legal action for contravening its duty to provide electricity.
They have written a demand letter to the Public Enterprises Minister Pravin Gordhan and the chief executive of the state utility firm Eskom, Andre de Ruyter, saying the state was in breach of its obligation to provide electricity.
The blackouts have persisted for more than a decade, amid poor management and corruption at state firm Eskom South Africa Faces Legal Action Over Power Crisis]]>https://api.spreaker.com/episode/52472743Wed, 18 Jan 2023 13:43:37 +0000Africa Business RadioSouth African opposition groups, a trade union and business owners have threatened to sue the government over the crippling blackouts in the country. They have given the government up to Friday to stabilise electricity supply or face legal action for...They have given the government up to Friday to stabilise electricity supply or face legal action for contravening its duty to provide electricity.
They have written a demand letter to the Public Enterprises Minister Pravin Gordhan and the chief executive of the state utility firm Eskom, Andre de Ruyter, saying the state was in breach of its obligation to provide electricity.
The blackouts have persisted for more than a decade, amid poor management and corruption at state firm Eskom South Africa Faces Legal Action Over Power Crisis]]>59africa,africa_business_radio,news,power_supply,south_africacleanfullhttps://www.spreaker.com/episode/nigeria-s-oil-blocs-licensing-to-end-in-april--52472741The Chief Executive, of Nigeria Upstream Petroleum Regulatory Commission, Gbenga Komolafe, says the approval of the exercise by President Muhammadu Buhari was the first in the last 15 years.
He explained the commission had announced the commencement and launched the bid round portal which was officially opened on January 3, 2023.
He noted that in compliance with the provisions of the PIA 2021 and regulations made pursuant to the Act, the commission issued a licensing round guideline and published a licensing round plan for a total of seven deep offshore open blocs.]]>https://api.spreaker.com/episode/52472741Wed, 18 Jan 2023 13:38:26 +0000Africa Business RadioThe Federal Government announced that the licensing round for seven deep offshore open oil blocs, which commenced on January 3, 2023, would last for four months. The Chief Executive, of Nigeria Upstream Petroleum Regulatory Commission, Gbenga...The Chief Executive, of Nigeria Upstream Petroleum Regulatory Commission, Gbenga Komolafe, says the approval of the exercise by President Muhammadu Buhari was the first in the last 15 years.
He explained the commission had announced the commencement and launched the bid round portal which was officially opened on January 3, 2023.
He noted that in compliance with the provisions of the PIA 2021 and regulations made pursuant to the Act, the commission issued a licensing round guideline and published a licensing round plan for a total of seven deep offshore open blocs.]]>63africa_business_radio,news,nigeria,oil_licensingcleanfullhttps://www.spreaker.com/episode/nigeria-s-inflation-rate-drops-to-21-34-in-dec-2022--52472742The National Bureau of Statistics showed a decline of 0.13% between November and December.
The NBS reports say In December 2022, the headline inflation rate eased to 21.34% compared to November 2022 headline inflation rate which was 21.47%.
This shows that the headline inflation rate increased in the month of December 2022 when compared to the same month in the preceding year.
The percentage change in the average CPI for the twelve months ending December 2022 over the average of the CPI for the previous twelve months period was 18.85%, showing 1.89% increase compared to the 16.95% recorded in December 2021.”]]>https://api.spreaker.com/episode/52472742Wed, 18 Jan 2023 13:28:39 +0000Africa Business RadioNigeria’s inflation rate eased to 21.34% in December 2022 from 21.47% in November 2022, first drop in about 11 months. The National Bureau of Statistics showed a decline of 0.13% between November and December. The NBS reports say In December 2022,...The National Bureau of Statistics showed a decline of 0.13% between November and December.
The NBS reports say In December 2022, the headline inflation rate eased to 21.34% compared to November 2022 headline inflation rate which was 21.47%.
This shows that the headline inflation rate increased in the month of December 2022 when compared to the same month in the preceding year.
The percentage change in the average CPI for the twelve months ending December 2022 over the average of the CPI for the previous twelve months period was 18.85%, showing 1.89% increase compared to the 16.95% recorded in December 2021.”]]>76africa_business_radio,economy,inflation,news,nigeriacleanfullhttps://www.spreaker.com/episode/uk-government-to-revise-police-law-towards-handling-protests--52452109The amendments to the Public Order Bill, to be tabled on Monday, will broaden the legal definition of serious disruption”, giving police greater flexibility and “absolute clarity” over when they can intervene in a protest.
The moves against the right to protest followed a series of demonstrations that have blocked the M25, the London orbital motorway that is the busiest road in the country, and closed down parts of the capital.]]>https://api.spreaker.com/episode/52452109Mon, 16 Jan 2023 12:35:57 +0000Africa Business RadioThe United Kingdom government plans to revise the law to give police more powers to crack down on protests, after demonstrations that have seen some people blocking roads or marching slowly. The amendments to the Public Order Bill, to be tabled on...The amendments to the Public Order Bill, to be tabled on Monday, will broaden the legal definition of serious disruption”, giving police greater flexibility and “absolute clarity” over when they can intervene in a protest.
The moves against the right to protest followed a series of demonstrations that have blocked the M25, the London orbital motorway that is the busiest road in the country, and closed down parts of the capital.]]>54africa_business_radio,news,police_law,protest,u.kcleanfullhttps://www.spreaker.com/episode/belarus-russia-to-start-defensive-in-nature-air-force-drills--52452108Pavel Muraveyko, first deputy state secretary of the Belarusian Security Council, says the exercise is purely defensive in nature
Muraveyko added that the exercises, which will continue until February 1, will involve training for aerial reconnaissance, deflecting air strikes, and air cover of important objects and communications.]]>https://api.spreaker.com/episode/52452108Mon, 16 Jan 2023 12:31:22 +0000Africa Business RadioBelarus says the joint air force drills it will begin with Russia on Monday are defensive in nature, but the exercises are taking place as concerns grow that Moscow is pushing Minsk to join the war in Ukraine. Pavel Muraveyko, first deputy state...Pavel Muraveyko, first deputy state secretary of the Belarusian Security Council, says the exercise is purely defensive in nature
Muraveyko added that the exercises, which will continue until February 1, will involve training for aerial reconnaissance, deflecting air strikes, and air cover of important objects and communications.]]>52africa_business_radio,belarus,defence_in_nature,news,russiacleanfullhttps://www.spreaker.com/episode/richest-1-accused-of-bagging-two-thirds-of-42-trillion-in-new-wealth--52452111Oxfam’s “Survival of the Richest” report released says the share was almost twice as much money as the amount obtained by the bottom 99 percent of the world’s population.
Oxfam says a 5 percent tax on the world’s multi-millionaires and billionaires could raise $1.7 trillion a year, enough to lift 2 billion people out of poverty.]]>https://api.spreaker.com/episode/52452111Mon, 16 Jan 2023 12:28:25 +0000Africa Business RadioOxfam says the world’s top 1 percent grabbed nearly two-thirds of the $42 trillion in new wealth created since 2020, in a new report released to coincide with the annual meeting of the World Economic Forum in Davos, Switzerland. Oxfam’s “Survival of...Oxfam’s “Survival of the Richest” report released says the share was almost twice as much money as the amount obtained by the bottom 99 percent of the world’s population.
Oxfam says a 5 percent tax on the world’s multi-millionaires and billionaires could raise $1.7 trillion a year, enough to lift 2 billion people out of poverty.]]>55africa_business_radio,news,new_wealth,oxfamcleanfullhttps://www.spreaker.com/episode/uk-court-foils-attempt-to-cancel-uk-mozambique-gas-deal--52452106The environmental group had argued that the $1bn funding in the form of loans and guarantees would contravene the UK's climate change commitments under the Paris accords.
Friends of the Earth says the judgment was extremely disappointing.
The $20bn liquified natural gas project in northern Mozambique is being led by France's Total.]]>https://api.spreaker.com/episode/52452106Mon, 16 Jan 2023 12:24:09 +0000Africa Business RadioA court in London has dismissed an attempt by Friends of the Earth to get the British government's financial support for a gas project in Mozambique to be declared unlawful. The environmental group had argued that the $1bn funding in the form of...The environmental group had argued that the $1bn funding in the form of loans and guarantees would contravene the UK's climate change commitments under the Paris accords.
Friends of the Earth says the judgment was extremely disappointing.
The $20bn liquified natural gas project in northern Mozambique is being led by France's Total.]]>49africa_business_radio,gas_deal,mozambique,news,u.kcleanfullhttps://www.spreaker.com/episode/ugandan-president-urges-overseas-travel-ban-for-parliament-members--52452113He made the remarks while commissioning facilities at Uganda Petroleum Institute-Kigumba where the country intends to train local experts in oil exploration.
The president also suggested a freeze on all allowances, according to the Daily Monitor news site.
A $3.5bn (£2.7m) crude oil pipeline that will connect Uganda's oil fields to a port in neighboring Tanzania has been opposed by climate activists. The two East African countries say their priority is economic development.]]>https://api.spreaker.com/episode/52452113Mon, 16 Jan 2023 12:21:08 +0000Africa Business RadioUgandan President Yoweri Museveni over the weekend called for a ban on overseas travel by Members of Parliament and civil servants to save money for priority areas. He made the remarks while commissioning facilities at Uganda Petroleum...He made the remarks while commissioning facilities at Uganda Petroleum Institute-Kigumba where the country intends to train local experts in oil exploration.
The president also suggested a freeze on all allowances, according to the Daily Monitor news site.
A $3.5bn (£2.7m) crude oil pipeline that will connect Uganda's oil fields to a port in neighboring Tanzania has been opposed by climate activists. The two East African countries say their priority is economic development.]]>57africa_business_radio,news,parliament_members,travel_ban,ugandacleanfullhttps://www.spreaker.com/episode/british-charity-to-appeal-against-uk-ruling-on-rwanda-asylum--52452107Asylum Aid will argue that the court erred in its ruling in December that the scheme was lawful and will challenge the judgment that the country is a safe destination for migrants.
British Prime Minister Rishi Sunak and Home Secretary Suella Braverman have made curbing immigration via the English Channel a political priority.]]>https://api.spreaker.com/episode/52452107Mon, 16 Jan 2023 12:18:08 +0000Africa Business RadioA British charity will on Monday morning seek permission from the High Court in London to appeal against a controversial government plan to send some asylum seekers to Rwanda. Asylum Aid will argue that the court erred in its ruling in December that...Asylum Aid will argue that the court erred in its ruling in December that the scheme was lawful and will challenge the judgment that the country is a safe destination for migrants.
British Prime Minister Rishi Sunak and Home Secretary Suella Braverman have made curbing immigration via the English Channel a political priority.]]>49africa,africa_business_radio,asylum_seeker,british_charity,news,rwandacleanfullhttps://www.spreaker.com/episode/world-bank-blames-technical-problems-for-oil-production-decline--52452114The apex bank in its January global economic prospects report says that the fall when compared to its 2019 level, lowered economic growth to 3.1 percent from 3.6 percent the prior year.
The report says Annual inflation surpassed 21 percent in 2022 for the first time in 17 years, disrupting activity and consumer demand adding that persistent fuel and foreign exchange shortages, with the country’s currency depreciating by over 30 percent last year in the parallel market, further dampened economic activity.
World Bank also projected that the country’s growth will decelerate to 2.9 percent in 2023 and 2024.]]>https://api.spreaker.com/episode/52452114Mon, 16 Jan 2023 12:10:45 +0000Africa Business RadioThe World Bank stated that technical problems, insecurity, rising production costs, theft, lack of payment discipline in joint ventures, etc. were responsible for the 40 percent decline in Nigeria’s oil production last year. The apex bank in its...The apex bank in its January global economic prospects report says that the fall when compared to its 2019 level, lowered economic growth to 3.1 percent from 3.6 percent the prior year.
The report says Annual inflation surpassed 21 percent in 2022 for the first time in 17 years, disrupting activity and consumer demand adding that persistent fuel and foreign exchange shortages, with the country’s currency depreciating by over 30 percent last year in the parallel market, further dampened economic activity.
World Bank also projected that the country’s growth will decelerate to 2.9 percent in 2023 and 2024.]]>73africa_business_radio,news,nigeria,oil_production,technical_problem,world_bankcleanfullhttps://www.spreaker.com/episode/international-bilateral-consumers-owe-nigeria-n4-71bn-worth-of-electricity-bills--52452112The NERC revealed this in its first and second quarter reports of 2022, as it named the debtors to include Odukpani-CEET, Paras-SBEE, Ajaokuta Steel, and Mainstream/Inner Galaxy.
Others include Mainstream/KAM Industries, Mainstream/KAM Integrated, KAM Steel Shagamu, NDPHC/Sunflag, North South/OAU, and Mainstream/Adefolorunsho Ventures.
The commission pointed out that the indebtedness by the power firms were to the Nigerian Bulk Electricity Trading Company Plc and the power Market Operator.
It stated that in the first quarter, moribund Ajaokuta Steel Company Limited failed to pay N0.45bn, while Odukpani-CEET did not remit $3.42m.]]>https://api.spreaker.com/episode/52452112Mon, 16 Jan 2023 12:08:39 +0000Africa Business RadioFigures from the Nigerian Electricity Regulatory Commission showed that International and bilateral power consumers that get supply from Nigeria owe the country about N4.71bn, The NERC revealed this in its first and second quarter reports of 2022, as...The NERC revealed this in its first and second quarter reports of 2022, as it named the debtors to include Odukpani-CEET, Paras-SBEE, Ajaokuta Steel, and Mainstream/Inner Galaxy.
Others include Mainstream/KAM Industries, Mainstream/KAM Integrated, KAM Steel Shagamu, NDPHC/Sunflag, North South/OAU, and Mainstream/Adefolorunsho Ventures.
The commission pointed out that the indebtedness by the power firms were to the Nigerian Bulk Electricity Trading Company Plc and the power Market Operator.
It stated that in the first quarter, moribund Ajaokuta Steel Company Limited failed to pay N0.45bn, while Odukpani-CEET did not remit $3.42m.]]>78africa_business_radio,bilateral_consumers,electricity_consumption,electricity_debt,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-begins-minimum-wage-review--52452115NSIWC’s Head of Public Affairs, Mr. Emmanuel Njoku, says as part of the process to review the minimum wage, which would be due in 2024, the commission had held a series of meetings and training towards nationwide monitoring of the Minimum Wage Act 2019.
He says the monitoring billed to begin on Jan. 23, would help ascertain the compliance level of public and private employers and organisations.
Njoku says the monitoring team for the exercise would be drawn from key stakeholders including the Ministry of Labour and Employment, and the Ministry of Finance and National Planning.]]>https://api.spreaker.com/episode/52452115Mon, 16 Jan 2023 12:06:05 +0000Africa Business RadioThe National Salaries Incomes and Wages Commission says it has initiated the process for the review of the National Minimum Wage. NSIWC’s Head of Public Affairs, Mr. Emmanuel Njoku, says as part of the process to review the minimum wage, which would...NSIWC’s Head of Public Affairs, Mr. Emmanuel Njoku, says as part of the process to review the minimum wage, which would be due in 2024, the commission had held a series of meetings and training towards nationwide monitoring of the Minimum Wage Act 2019.
He says the monitoring billed to begin on Jan. 23, would help ascertain the compliance level of public and private employers and organisations.
Njoku says the monitoring team for the exercise would be drawn from key stakeholders including the Ministry of Labour and Employment, and the Ministry of Finance and National Planning.]]>64africa_business_radio,lawmakers,minimum_wage,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-empowered-by-law-to-fix-price-of-kerosene--52452110The Senior Advocate of Nigeria says the government is backed by Section 4 of the Price Control Act and section 316 of the Petroleum Industry Act to determine and fix the prices of petroleum products Including petrol motor spirit, kerosene and cooking gas.
He countered a claim made by the Minister of State Petroleum Resources, Timipre Sylva, that the government could not intervene in the rising price of kerosene.
Falana however accused the Buhari government of illegally pushing out the deregulation of kerosene on Nigerians.]]>https://api.spreaker.com/episode/52452110Mon, 16 Jan 2023 11:59:29 +0000Africa Business RadioHuman rights lawyer, Femi Falana, says the Federal Government is empowered by law to fix the prices of kerosene and other petroleum prices. The Senior Advocate of Nigeria says the government is backed by Section 4 of the Price Control Act and section...The Senior Advocate of Nigeria says the government is backed by Section 4 of the Price Control Act and section 316 of the Petroleum Industry Act to determine and fix the prices of petroleum products Including petrol motor spirit, kerosene and cooking gas.
He countered a claim made by the Minister of State Petroleum Resources, Timipre Sylva, that the government could not intervene in the rising price of kerosene.
Falana however accused the Buhari government of illegally pushing out the deregulation of kerosene on Nigerians.]]>61africa_business_radio,news,nigeria,petroleumcleanfullhttps://www.spreaker.com/episode/ftx-recovers-over-5bn-of-assets--52429325A US bankruptcy court however was told that the extent of losses to customers is still not known.
Prosecutors have accused FTX's former chief executive Sam Bankman-Fried of orchestrating an epic fraud that may have cost investors, customers and lenders billions of dollars.
Mr Bankman-Fried has pleaded not guilty to charges that he cheated investors.]]>https://api.spreaker.com/episode/52429325Fri, 13 Jan 2023 07:42:55 +0000Africa Business RadioCryptocurrency exchange FTX has located more than $5bn of assets, an attorney for the firm says. A US bankruptcy court however was told that the extent of losses to customers is still not known. Prosecutors have accused FTX's former chief executive...A US bankruptcy court however was told that the extent of losses to customers is still not known.
Prosecutors have accused FTX's former chief executive Sam Bankman-Fried of orchestrating an epic fraud that may have cost investors, customers and lenders billions of dollars.
Mr Bankman-Fried has pleaded not guilty to charges that he cheated investors.]]>63africa_business_radio,assets_recovery,cryptocurrency,ftx,newscleanfullhttps://www.spreaker.com/episode/russia-replaces-commander-of-ukraine-invasion-force--52429323Chief of the General Staff Valery Gerasimov will now lead what Mr. Putin terms a special military operation.
Gen Gerasimov replaces Sergei Surovikin who has overseen recent brutal attacks on Ukraine's energy infrastructure.
The reshuffle comes as Russians claim they are making progress in eastern Ukraine after suffering a series of military defeats in recent months.]]>https://api.spreaker.com/episode/52429323Fri, 13 Jan 2023 07:41:26 +0000Africa Business RadioPresident Vladimir Putin removed Russia's top commander in Ukraine, just three months after he was installed. Chief of the General Staff Valery Gerasimov will now lead what Mr. Putin terms a special military operation. Gen Gerasimov replaces Sergei...Chief of the General Staff Valery Gerasimov will now lead what Mr. Putin terms a special military operation.
Gen Gerasimov replaces Sergei Surovikin who has overseen recent brutal attacks on Ukraine's energy infrastructure.
The reshuffle comes as Russians claim they are making progress in eastern Ukraine after suffering a series of military defeats in recent months.]]>50africa_business_radio,news,russia,ukrainecleanfullhttps://www.spreaker.com/episode/us-aviation-regulator-probe-system-outage-after-huge-disruption--52429324The US Federal Aviation Administration says normal operations were being restored but the early morning halt created knock-on effects that snarled travel throughout the day.
The grounding order was issued after the FAA identified an issue with the Notice to Air Missions system which provides information to pilots about hazards, changes to airport facilities, and information that can affect flights.
Wednesday’s nationwide order was believed to be the first time since the attacks of 9/11 that such a broad command had been issued, according to aviation experts cited in US media.]]>https://api.spreaker.com/episode/52429324Fri, 13 Jan 2023 07:39:49 +0000Africa Business RadioAviation authorities are trying to figure out what caused the outage of a crucial alert system that forced the temporary halt on all US domestic takeoffs, triggering thousands of delays and cancellations. The US Federal Aviation Administration says...The US Federal Aviation Administration says normal operations were being restored but the early morning halt created knock-on effects that snarled travel throughout the day.
The grounding order was issued after the FAA identified an issue with the Notice to Air Missions system which provides information to pilots about hazards, changes to airport facilities, and information that can affect flights.
Wednesday’s nationwide order was believed to be the first time since the attacks of 9/11 that such a broad command had been issued, according to aviation experts cited in US media.]]>699/11_attack,africa_business_radio,news,u.s_aviationcleanfullhttps://www.spreaker.com/episode/dr-congo-accuses-rwanda-of-blackmail-over-refugees--52429327A spokesman for the Congolese government says the remarks by Rwanda's President Paul Kagame proved that human rights were of no value to him.
He accused Kigali of blackmailing the international community by using refugees for political purposes.
Patrick Muyaya says even though President Kagame had attempted to walk back on his remarks on the subject, he had revealed his true intentions.]]>https://api.spreaker.com/episode/52429327Fri, 13 Jan 2023 07:38:10 +0000Africa Business RadioThe Democratic Republic of Congo has condemned Rwanda for saying it will no longer take in people fleeing conflict in the eastern part of DR Congo. A spokesman for the Congolese government says the remarks by Rwanda's President Paul Kagame proved that...A spokesman for the Congolese government says the remarks by Rwanda's President Paul Kagame proved that human rights were of no value to him.
He accused Kigali of blackmailing the international community by using refugees for political purposes.
Patrick Muyaya says even though President Kagame had attempted to walk back on his remarks on the subject, he had revealed his true intentions.]]>61africa_business_radio,dr_congo,news,refugee,rwandacleanfullhttps://www.spreaker.com/episode/french-german-ministers-in-ethiopia-to-back-peace-deal--52429328Germany's Annalena Baerbock, says the pair would be discussing the need for lasting peace and accountability, food security in the region as well as the wider partnership between the European and African Unions.
Tens of thousands of combatants and Tigrayan civilians died during months of brutal fighting, marked by numerous allegations of war crimes.]]>https://api.spreaker.com/episode/52429328Fri, 13 Jan 2023 07:36:45 +0000Africa Business RadioThe French and German foreign ministers have arrived in the Ethiopian capital, Addis Ababa, to support the peace agreement that's ended two years of fighting in the northern Tigray region. Germany's Annalena Baerbock, says the pair would be...Germany's Annalena Baerbock, says the pair would be discussing the need for lasting peace and accountability, food security in the region as well as the wider partnership between the European and African Unions.
Tens of thousands of combatants and Tigrayan civilians died during months of brutal fighting, marked by numerous allegations of war crimes.]]>49africa_business_radio,ethiopia,france,germany,news,peace_deal,tigraycleanfullhttps://www.spreaker.com/episode/dr-congo-army-denies-presence-of-russian-mercenaries--52429331The army has been struggling to contain the M23 rebel group that has in recent months captured swathes of territory in the eastern part of the country.
Reports have suggested the presence of Russian mercenaries in North Kivu province on the government’s invitation to help deal with the rebel group.
M23 spokesperson Willy Ngoma says that they had fought a joint team of the Congolese army and the mercenaries last week in Tongo and Nyamilima fronts in the Rutshuru area.]]>https://api.spreaker.com/episode/52429331Fri, 13 Jan 2023 07:35:27 +0000Africa Business RadioThe Democratic Republic of Congo's army has denied the presence of fighters from Russia's mercenary Wagner Group in the country, in response to claims by a rebel group. The army has been struggling to contain the M23 rebel group that has in recent...The army has been struggling to contain the M23 rebel group that has in recent months captured swathes of territory in the eastern part of the country.
Reports have suggested the presence of Russian mercenaries in North Kivu province on the government’s invitation to help deal with the rebel group.
M23 spokesperson Willy Ngoma says that they had fought a joint team of the Congolese army and the mercenaries last week in Tongo and Nyamilima fronts in the Rutshuru area.]]>66africa,africa_business_radio,dr_congo,news,russia_mercenariescleanfullhttps://www.spreaker.com/episode/ukraine-to-establish-grain-hubs-in-nigeria--52429330Nigeria’s Minister of Foreign Affairs, Geoffrey Onyeama lauded Ukraine for the grain donation, adding that the gesture was coming even when the country is still at war. at the meeting.
Minister of Agriculture and Rural Development, Abubakar, says that Nigeria is very willing and ready to provide the appropriate ports for the grain hub in the country.
Abubakar added that the purpose of the grain hubs is to have a center where Ukraine would be bringing grains and Nigeria will be helping other African countries, which would be useful in case of emergency and even for donations to other countries.]]>https://api.spreaker.com/episode/52429330Fri, 13 Jan 2023 07:34:11 +0000Africa Business RadioUkrainian Minister of Agrarian Policy and Food, Mykola Solskyi, says the Ukrainian government expressed its readiness to establish grain hubs in Nigeria and other African countries to boost bilateral ties. Nigeria’s Minister of Foreign Affairs,...Nigeria’s Minister of Foreign Affairs, Geoffrey Onyeama lauded Ukraine for the grain donation, adding that the gesture was coming even when the country is still at war. at the meeting.
Minister of Agriculture and Rural Development, Abubakar, says that Nigeria is very willing and ready to provide the appropriate ports for the grain hub in the country.
Abubakar added that the purpose of the grain hubs is to have a center where Ukraine would be bringing grains and Nigeria will be helping other African countries, which would be useful in case of emergency and even for donations to other countries.]]>76africa,africa_business_radio,agriculture,bilateral_ties,grain_hubs,news,nigeria,russia,ukrainecleanfullhttps://www.spreaker.com/episode/nigeria-s-electoral-commission-presents-voter-register-to-18-political-parties--52429329The commission chairman presented the 2023 voter register to the parties ahead of the elections as required by the 2022 Electoral Act.
The commission presented a register containing 93,469,008 voters for the 2023 general elections. The voter distribution also reveals that 44,414,846 registered voters are females, and 49,054,162 are males.
The INEC chairman says with the presentation of voter register, the commission has successfully implemented 11 out of the 14 activities scheduled for the 2023 general elections.]]>https://api.spreaker.com/episode/52429329Fri, 13 Jan 2023 07:32:49 +0000Africa Business RadioThe Chairman of the Independent National Electoral Commission, Mahmood Yakubu met with the leadership of the 18 political parties at the commission’s headquarters in Abuja. The commission chairman presented the 2023 voter register to the parties...The commission chairman presented the 2023 voter register to the parties ahead of the elections as required by the 2022 Electoral Act.
The commission presented a register containing 93,469,008 voters for the 2023 general elections. The voter distribution also reveals that 44,414,846 registered voters are females, and 49,054,162 are males.
The INEC chairman says with the presentation of voter register, the commission has successfully implemented 11 out of the 14 activities scheduled for the 2023 general elections.]]>822023_election,africa_business_radio,electoral_commission,news,nigeria,voters_registercleanfullhttps://www.spreaker.com/episode/nigerian-government-says-2023-elections-will-hold-despite-insecurity--52429326The Minister of Information and Culture, Lai Mohammed says the position of the Federal Government remains that the 2023 elections will be held as planned and nothing has happened to change that position.
He says they are aware that INEC is working with the security agencies to ensure that the elections are successfully held across the country.
The minister’s assurance followed killings by gunmen and bandits in several parts of the country.]]>https://api.spreaker.com/episode/52429326Fri, 13 Jan 2023 07:31:24 +0000Africa Business RadioThe Federal Government has assured Nigerians that the 2023 general elections will hold across the country. The Minister of Information and Culture, Lai Mohammed says the position of the Federal Government remains that the 2023 elections will be held...The Minister of Information and Culture, Lai Mohammed says the position of the Federal Government remains that the 2023 elections will be held as planned and nothing has happened to change that position.
He says they are aware that INEC is working with the security agencies to ensure that the elections are successfully held across the country.
The minister’s assurance followed killings by gunmen and bandits in several parts of the country.]]>682023_election,africa_business_radio,insecurity,news,nigeriacleanfullhttps://www.spreaker.com/episode/church-of-england-sets-up-120m-fund-after-slavery-apology--52410832The announcement comes after the Archbishop of Canterbury apologized last year, following research that showed that the Church of England's investment fund had links to the slave trade.
The Church of England says the £100m would be in a new investment fund that would hopefully "grow over time, reinvesting returns to enable it to have a positive legacy that will exist in perpetuity.
The fund, known in the 18th Century as Queen Anne's Bounty, had developed into a £10.1bn investment trust.]]>https://api.spreaker.com/episode/52410832Wed, 11 Jan 2023 12:43:34 +0000Africa Business RadioThe Church of England says it will spend £100m over the next nine years on communities affected by historic slavery. The announcement comes after the Archbishop of Canterbury apologized last year, following research that showed that the Church of...The announcement comes after the Archbishop of Canterbury apologized last year, following research that showed that the Church of England's investment fund had links to the slave trade.
The Church of England says the £100m would be in a new investment fund that would hopefully "grow over time, reinvesting returns to enable it to have a positive legacy that will exist in perpetuity.
The fund, known in the 18th Century as Queen Anne's Bounty, had developed into a £10.1bn investment trust.]]>56africa_business_radio,england,news,slaverycleanfullhttps://www.spreaker.com/episode/brazil-leaders-condemn-terrorist-acts-vow-to-defend-democracy--52410833President Luiz Inacio Lula da Silva joined the heads of the Supreme Court and the two houses of Congress to reject the acts of political violence that shook the capital, Brasilia, a day earlier.
The leaders called for calm in defence of peace and democracy and said they reject the terrorist acts and criminal, coup-mongering vandalism that occurred” in the statement shared on social media.]]>https://api.spreaker.com/episode/52410833Wed, 11 Jan 2023 12:41:10 +0000Africa Business RadioThe leaders of Brazil’s three branches of government have issued a rare joint statement condemning the storming of government buildings by supporters of former far-right President Jair Bolsonaro. President Luiz Inacio Lula da Silva joined the heads...President Luiz Inacio Lula da Silva joined the heads of the Supreme Court and the two houses of Congress to reject the acts of political violence that shook the capital, Brasilia, a day earlier.
The leaders called for calm in defence of peace and democracy and said they reject the terrorist acts and criminal, coup-mongering vandalism that occurred” in the statement shared on social media.]]>54africa_business_radio,brazil,news,political_violence,terrorist_attackcleanfullhttps://www.spreaker.com/episode/international-donors-pledge-over-9bn-to-pakistan-floods--52410838It amounts to more than half of the estimated $16.3bn Pakistan needs to recover from the disaster.
The pledges come as Pakistan continues negotiations over the next installment of an international bailout.
Hina Rabbani Khar, Pakistan's minister of state for foreign affairs says the world will stand by those who go through any national calamity.]]>https://api.spreaker.com/episode/52410838Wed, 11 Jan 2023 12:37:34 +0000Africa Business RadioDonors from around the world have pledged more than $9bn to help Pakistan recover from the devastating floods that hit the country last year. It amounts to more than half of the estimated $16.3bn Pakistan needs to recover from the disaster. The...It amounts to more than half of the estimated $16.3bn Pakistan needs to recover from the disaster.
The pledges come as Pakistan continues negotiations over the next installment of an international bailout.
Hina Rabbani Khar, Pakistan's minister of state for foreign affairs says the world will stand by those who go through any national calamity.]]>50africa_business_radio,flooding,international_donor,national_relief,natural_disaster,pakistancleanfullhttps://www.spreaker.com/episode/world-bank-cuts-economic-forecast-over-global-recession--52410837BBC reports that it expects the world economy to grow by just 1.7 per cent this year – a sharp decrease from the 3 per cent it predicted in June.
World Bank president David Malpass says the downturn would be broad-based and growth in people’s earnings in almost every part of the world was likely to be slower than it was during the decade before Covid-19.
The World Bank says the US, the Eurozone and China – the three most influential parts of the world for economic growth – were all undergoing a period of pronounced weakness, a downturn that was worsening the problems faced by poorer countries.]]>https://api.spreaker.com/episode/52410837Wed, 11 Jan 2023 12:36:05 +0000Africa Business RadioThe World Bank cuts its economic forecast due to a perilous close to falling into recession. BBC reports that it expects the world economy to grow by just 1.7 per cent this year – a sharp decrease from the 3 per cent it predicted in June. World Bank...BBC reports that it expects the world economy to grow by just 1.7 per cent this year – a sharp decrease from the 3 per cent it predicted in June.
World Bank president David Malpass says the downturn would be broad-based and growth in people’s earnings in almost every part of the world was likely to be slower than it was during the decade before Covid-19.
The World Bank says the US, the Eurozone and China – the three most influential parts of the world for economic growth – were all undergoing a period of pronounced weakness, a downturn that was worsening the problems faced by poorer countries.]]>60africa_business_radio,economic_forecast,news,world_bankcleanfullhttps://www.spreaker.com/episode/ethiopian-airlines-admits-15-year-tax-moratorium-demand--52410835The airline stated this in its defence as the second defendant in the case in the suit filed by the Airline Operators of Nigeria at the Federal High Court in Lagos.
Ethiopian Airlines declared its bid for the purchase of shares in the national carrier, like other Nigerian shareholders.]]>https://api.spreaker.com/episode/52410835Wed, 11 Jan 2023 12:34:06 +0000Africa Business RadioEthiopian Airlines has disclosed that it negotiated for a 15-year tax moratorium and other incentives from the Federal Government during the botched national carrier project, the Nigeria Air deal. The airline stated this in its defence as the second...The airline stated this in its defence as the second defendant in the case in the suit filed by the Airline Operators of Nigeria at the Federal High Court in Lagos.
Ethiopian Airlines declared its bid for the purchase of shares in the national carrier, like other Nigerian shareholders.]]>49africa,africa_business_radio,airline,ethiopia,news,tax_moratoriumcleanfullhttps://www.spreaker.com/episode/rwanda-rejects-dr-congo-refugees--52410839Decades of instability in the east of the country have forced scores of refugees across the border into Rwanda.
He says the rest of the world had completely missed the point when it came to eastern DR Congo.
Rwanda is being accused of backing the M23 rebel group - which the country has always denied.
The rebel group has captured swathes of territory in recent months, sending tens of thousands of refugees across the border into Rwanda.]]>https://api.spreaker.com/episode/52410839Wed, 11 Jan 2023 12:31:21 +0000Africa Business RadioRwandan President Paul Kagame says his country will no longer offer refuge to people fleeing conflict in the Democratic Republic of Congo. Decades of instability in the east of the country have forced scores of refugees across the border into Rwanda....Decades of instability in the east of the country have forced scores of refugees across the border into Rwanda.
He says the rest of the world had completely missed the point when it came to eastern DR Congo.
Rwanda is being accused of backing the M23 rebel group - which the country has always denied.
The rebel group has captured swathes of territory in recent months, sending tens of thousands of refugees across the border into Rwanda.]]>54africa,africa_business_radio,dr_congo,news,refugees,rwandacleanfullhttps://www.spreaker.com/episode/south-african-experts-to-meet-over-new-covid-variant--52410834The new Covid sub-variant, known as XBB.1.5, has also been recorded in the US and UK.
It is an offshoot of the globally-dominant Omicron Covid variant and is highly transmissible.
President Ramaphosa says they are agile enough to want to have that meeting tomorrow, and thereafter there will be information that will be shared with the rest of the country.]]>https://api.spreaker.com/episode/52410834Wed, 11 Jan 2023 12:29:42 +0000Africa Business RadioSouth Africa's President Cyril Ramaphosa is scheduled to convene a meeting of the National Coronavirus Command Council to discuss a new variant detected in the country this week. The new Covid sub-variant, known as XBB.1.5, has also been recorded in...The new Covid sub-variant, known as XBB.1.5, has also been recorded in the US and UK.
It is an offshoot of the globally-dominant Omicron Covid variant and is highly transmissible.
President Ramaphosa says they are agile enough to want to have that meeting tomorrow, and thereafter there will be information that will be shared with the rest of the country.]]>49africa,africa_business_radio,covid_variant,health,news,south_africacleanfullhttps://www.spreaker.com/episode/nigeria-electoral-commission-threatens-polls-cancellation-amid-insecurity--52410836INEC chairman Mahmood Yakubu says the commission was ensuring that election personnel, materials, and process have the highest level of protection especially "given the current insecurity challenges in various parts of the country.
He says if it was not dealt with decisively, the insecurity could ultimately culminate in the cancellation or postponement of elections in sufficient constituencies to hinder declaration of elections results and precipitate a constitutional crisis".
He called for the strengthening of security outfits to ensure the polls are held successfully across the country.
Five south-eastern states and four north-western states, Lagos, Kano, Benue, Plateau, Taraba, and Borno states were named as areas likely to witness election-related chaos.]]>https://api.spreaker.com/episode/52410836Wed, 11 Jan 2023 12:28:28 +0000Africa Business RadioNigeria's Independent National Electoral Commission has warned that the general election could be canceled if nothing is done to tackle insecurity in the country. INEC chairman Mahmood Yakubu says the commission was ensuring that election personnel,...INEC chairman Mahmood Yakubu says the commission was ensuring that election personnel, materials, and process have the highest level of protection especially "given the current insecurity challenges in various parts of the country.
He says if it was not dealt with decisively, the insecurity could ultimately culminate in the cancellation or postponement of elections in sufficient constituencies to hinder declaration of elections results and precipitate a constitutional crisis".
He called for the strengthening of security outfits to ensure the polls are held successfully across the country.
Five south-eastern states and four north-western states, Lagos, Kano, Benue, Plateau, Taraba, and Borno states were named as areas likely to witness election-related chaos.]]>742023_election,africa_business_radio,electoral_poll,insecurity,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-national-petroleum-company-ordered-to-reduce-petrol-price--52410864Sylva insisted that subsidy had been a burden, but stressed that it was a mandate on NNPC which had made the oil firm to continue selling PMS at a loss.
He says the management of the supply situation under this subsidy regime is not easy
]]>https://api.spreaker.com/episode/52410864Wed, 11 Jan 2023 12:26:18 +0000Africa Business RadioThe Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Nigerian National Petroleum Company Limited is selling Premium Motor Spirit, popularly called petrol, at a loss because of its mandate from the Federal Government as regards...Sylva insisted that subsidy had been a burden, but stressed that it was a mandate on NNPC which had made the oil firm to continue selling PMS at a loss.
He says the management of the supply situation under this subsidy regime is not easy
]]>74africa_business_radio,news,nigeria,petroleum,subsidycleanfullhttps://www.spreaker.com/episode/nigerian-bank-s-withdrawal-limits-begins-amid-concerns-over-new-naira-notes--52410865The CBN says the new policy was sequel to the launch of the redesigned N200, N500 and N1,000 notes by President Muhammadu Buhari on November 23, 2022.
The directive created controversy and outrage from millions of Nigerians and members of the National Assembly who disapprove of the policy.
Many PoS operators had said the policy would strangulate their activities and rob them of employment while politicians said it was targeted at opposition parties ahead of the 2023 general elections.]]>https://api.spreaker.com/episode/52410865Wed, 11 Jan 2023 12:23:14 +0000Africa Business RadioThe cash withdrawal limits set by the Central Bank of Nigeria become effective January 9, 2023 amid concerns over the slow spread and quality of three newly redesigned naira notes. The CBN says the new policy was sequel to the launch of the...The CBN says the new policy was sequel to the launch of the redesigned N200, N500 and N1,000 notes by President Muhammadu Buhari on November 23, 2022.
The directive created controversy and outrage from millions of Nigerians and members of the National Assembly who disapprove of the policy.
Many PoS operators had said the policy would strangulate their activities and rob them of employment while politicians said it was targeted at opposition parties ahead of the 2023 general elections.]]>63africa_business_radio,news,nigeria,withdrawal_limitscleanfullhttps://www.spreaker.com/episode/israel-police-ordered-to-remove-palestine-flags-from-public-spaces--52390622Israeli law does not outlaw Palestinian flags but police and soldiers have the right to remove them in cases where they deem there is a threat to public order.
Sunday’s directive from Ben-Gvir, who heads the ultranationalist Jewish Power party in Benjamin Netanyahu’s new far-right government appears to signal a hardline and uncompromising attitude towards Palestinian expressions of identity and free speech and pro-Palestinian demonstrations.
The display of the Palestinian flag in Israel has, in practice, long been clamped down on by Israeli authorities, with Palestinians regarding such moves as an attempt to suppress Palestinian identity.
Netanyahu says the presence of the Palestinian flag at the Tel Aviv protest was “wild incitement”.]]>https://api.spreaker.com/episode/52390622Mon, 09 Jan 2023 13:00:59 +0000Africa Business RadioIsrael’s new far-right Minister of National Security Itamar Ben-Gvir has instructed police to remove Palestinian flags from public spaces, calling the Palestinian national symbol an act of terrorism. Israeli law does not outlaw Palestinian flags but...Israeli law does not outlaw Palestinian flags but police and soldiers have the right to remove them in cases where they deem there is a threat to public order.
Sunday’s directive from Ben-Gvir, who heads the ultranationalist Jewish Power party in Benjamin Netanyahu’s new far-right government appears to signal a hardline and uncompromising attitude towards Palestinian expressions of identity and free speech and pro-Palestinian demonstrations.
The display of the Palestinian flag in Israel has, in practice, long been clamped down on by Israeli authorities, with Palestinians regarding such moves as an attempt to suppress Palestinian identity.
Netanyahu says the presence of the Palestinian flag at the Tel Aviv protest was “wild incitement”.]]>79africa_business_radio,isreal,news,palestinecleanfullhttps://www.spreaker.com/episode/sweden-rejects-turkey-s-demands-for-nato-application--52390621Prime Minister Ulf Kristersson says Turkey both confirms that we have done what we said we would do, but they also say that they want things that we cannot or do not want to give them.
Finland and Sweden signed a three-way agreement with Turkey in 2022 aimed at overcoming Ankara’s objections to their membership of the North Atlantic Treaty Organization.]]>https://api.spreaker.com/episode/52390621Mon, 09 Jan 2023 12:59:26 +0000Africa Business RadioSweden’s prime minister says Sweden is confident that Turkey will approve its application to join the NATO military alliance, but it will not meet all the conditions that Ankara has set for its support. Prime Minister Ulf Kristersson says Turkey both...Prime Minister Ulf Kristersson says Turkey both confirms that we have done what we said we would do, but they also say that they want things that we cannot or do not want to give them.
Finland and Sweden signed a three-way agreement with Turkey in 2022 aimed at overcoming Ankara’s objections to their membership of the North Atlantic Treaty Organization.]]>53africa_business_radio,nato,news,sweden,turkeycleanfullhttps://www.spreaker.com/episode/jack-ma-to-give-up-control-of-fintech-giant-ant-group--52390620Ant Group says that after the change no-one would have overall control.
The formerly flamboyant Mr Ma has seldom been seen in public since criticising China's financial sector in 2020.
Mr Ma, who founded e-commerce giant Alibaba, directly and indirectly controls more than 50% of Ant Group however, after the changes in governance structure, he will control just over 6%, according to an Ant Group statement.]]>https://api.spreaker.com/episode/52390620Mon, 09 Jan 2023 12:57:10 +0000Africa Business RadioThe billionaire founder of Ant Group, Jack Ma, is to give up control of the Chinese fintech giant after a regulatory crackdown. Ant Group says that after the change no-one would have overall control. The formerly flamboyant Mr Ma has seldom been...Ant Group says that after the change no-one would have overall control.
The formerly flamboyant Mr Ma has seldom been seen in public since criticising China's financial sector in 2020.
Mr Ma, who founded e-commerce giant Alibaba, directly and indirectly controls more than 50% of Ant Group however, after the changes in governance structure, he will control just over 6%, according to an Ant Group statement.]]>55africa_business_radio,alibaba,ant_group,china,jack_ma,newscleanfullhttps://www.spreaker.com/episode/liberia-president-suspends-import-tariff-on-rice--52390616The President issued Executive Order #113 suspending the import tariff on rice and Executive Order #114 establishing the West African Police Information System.
Executive Order #113 is in consideration of the expiration of Executive Order #105 and the government's commitment to ensuring that the prices of certain basic commodities on the market are affordable and do not impose an unnecessary burden on the citizens.
President Weah says based on the findings of the assessment, the government has seen the need to curb the continuous increase in the price of rice, in order to make it affordable to the public for purchase.]]>https://api.spreaker.com/episode/52390616Mon, 09 Jan 2023 12:54:56 +0000Africa Business RadioThe President of the Republic, H.E. Dr. George Manneh Weah, has issued two Executive Orders affecting critical national issues germane to the security and wellbeing of citizens. The President issued Executive Order #113 suspending the import tariff...The President issued Executive Order #113 suspending the import tariff on rice and Executive Order #114 establishing the West African Police Information System.
Executive Order #113 is in consideration of the expiration of Executive Order #105 and the government's commitment to ensuring that the prices of certain basic commodities on the market are affordable and do not impose an unnecessary burden on the citizens.
President Weah says based on the findings of the assessment, the government has seen the need to curb the continuous increase in the price of rice, in order to make it affordable to the public for purchase.]]>73africa,africa_business_radio,agriculture,import_tarrif,liberia,newscleanfullhttps://www.spreaker.com/episode/zambia-halts-electricity-exports--52390617Minister of Energy Peter Kapala, however, said the government will not completely do away with exports in order to maintain existing power markets.
The minister says that the government was alive to the disruptions caused by the ongoing load shedding but was cautious to ensure that there was no complete shutdown.
President Hakainde Hichilema says discussions were ongoing to find short-term solutions to the ongoing electricity crisis in order to avoid reversing the gains made so far in reviving the economy.]]>https://api.spreaker.com/episode/52390617Mon, 09 Jan 2023 12:53:11 +0000Africa Business RadioThe Zambian government announced that it has halted electricity exports to some neighboring countries due to reduced power generation capacity the southern African country was facing. Minister of Energy Peter Kapala, however, said the government will...Minister of Energy Peter Kapala, however, said the government will not completely do away with exports in order to maintain existing power markets.
The minister says that the government was alive to the disruptions caused by the ongoing load shedding but was cautious to ensure that there was no complete shutdown.
President Hakainde Hichilema says discussions were ongoing to find short-term solutions to the ongoing electricity crisis in order to avoid reversing the gains made so far in reviving the economy.]]>61africa,africa_business_radio,electricity_export,news,zambiacleanfullhttps://www.spreaker.com/episode/nigerian-government-pays-n4-12tn-interest-on-cbn-loan--52390615Data from the Medium-Term Expenditure Framework and Fiscal Strategy Papers and the public presentation documents of the approved budgets by the Ministry of Finance, Budget and National Planning.
The interest payments rose to N912.57bn in 2020 and N1.22tn in 2021.
The interest payments hit N1.64tn in 2022, indicating the payments rose by 384.14 per cent between 2019 and 2022.]]>https://api.spreaker.com/episode/52390615Mon, 09 Jan 2023 12:51:36 +0000Africa Business RadioThe Federal Government paid interests of N4.12tn between 2019 and 2022 on the loans it got from the Central Bank of Nigeria through Ways and Means Advances. Data from the Medium-Term Expenditure Framework and Fiscal Strategy Papers and the public...Data from the Medium-Term Expenditure Framework and Fiscal Strategy Papers and the public presentation documents of the approved budgets by the Ministry of Finance, Budget and National Planning.
The interest payments rose to N912.57bn in 2020 and N1.22tn in 2021.
The interest payments hit N1.64tn in 2022, indicating the payments rose by 384.14 per cent between 2019 and 2022.]]>59africa_business_radio,interest_loan,national_debt,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-tax-experts-oppose-asuu-s-10-education-tax--52390613They said toeing this path would hurt private firms which were already overburdened with taxes.
The ASUU President, Prof Emmanuel Osedeke, recently proposed an increase in the education tax from three to 10 per cent to fund infrastructure in Nigeria’s universities.
Fiscal Policy Partner and Africa Tax Leader, PwC, Taiwo Oyedele, disagreed with ASUU, saying there was just an increase in education tax one year ago.
Oyedele argued that when companies income tax, technology tax, the police tax, science and engineering tax, among others, were computed, a firm would effectively be paying over 40 per cent tax.]]>https://api.spreaker.com/episode/52390613Mon, 09 Jan 2023 12:49:38 +0000Africa Business RadioNigeria’s Tax experts have faulted the Academic Staff Union of Universities’ proposed increase in the Tertiary Education Tax from three per cent to 10 per cent tax. They said toeing this path would hurt private firms which were already overburdened...They said toeing this path would hurt private firms which were already overburdened with taxes.
The ASUU President, Prof Emmanuel Osedeke, recently proposed an increase in the education tax from three to 10 per cent to fund infrastructure in Nigeria’s universities.
Fiscal Policy Partner and Africa Tax Leader, PwC, Taiwo Oyedele, disagreed with ASUU, saying there was just an increase in education tax one year ago.
Oyedele argued that when companies income tax, technology tax, the police tax, science and engineering tax, among others, were computed, a firm would effectively be paying over 40 per cent tax.]]>68africa_business_radio,education_tax,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-president-urged-to-reverse-unlawful-electricity-tariff-hike--52390614SERAP’s Deputy Director, Kolawole Oluwadare, wants Buhari to ensure the investigation of the spending of public funds as ‘investments and bailouts’ by successive governments to electricity distribution companies (DisCos) and generating companies (GenCos) since 2005, and prosecution of cases of corruption and mismanagement.”
The rights group stated that the increase in electricity tariff failed to follow due process. It is entirely inconsistent and incompatible with the provisions of the Nigerian Constitution of 1999 [as amended], the Electric Power Sector Reform Act and the country’s international human rights obligations.]]>https://api.spreaker.com/episode/52390614Mon, 09 Jan 2023 12:46:23 +0000Africa Business RadioPresident Muhammadu Buhari has been urged to immediately reverse what has been described as the unlawful, unjust and unreasonable increase in electricity tariff, which reportedly occurred in December 2022. SERAP’s Deputy Director, Kolawole Oluwadare,...SERAP’s Deputy Director, Kolawole Oluwadare, wants Buhari to ensure the investigation of the spending of public funds as ‘investments and bailouts’ by successive governments to electricity distribution companies (DisCos) and generating companies (GenCos) since 2005, and prosecution of cases of corruption and mismanagement.”
The rights group stated that the increase in electricity tariff failed to follow due process. It is entirely inconsistent and incompatible with the provisions of the Nigerian Constitution of 1999 [as amended], the Electric Power Sector Reform Act and the country’s international human rights obligations.]]>72africa_business_radio,electricity_tarrif,news,nigeriacleanfullhttps://www.spreaker.com/episode/china-may-ease-three-red-lines-property-rules--52369649The “three red lines” policy was unveiled in August 2020 to tackle property developers’ unbridled borrowing by restricting the amount of new borrowing they can raise each year.
Beijing may allow some property firms to add more leverage by easing borrowing caps and pushing back the grace period for meeting debt targets set by the policy.
Regulators could also extend the deadline by at least six months, which was originally June 30.]]>https://api.spreaker.com/episode/52369649Fri, 06 Jan 2023 12:34:02 +0000Africa Business RadioBloomberg News has reported that China is planning to relax restrictions on borrowing for property developers to support the troubled sector by dialing back the three red lines policy. The “three red lines” policy was unveiled in August 2020 to...The “three red lines” policy was unveiled in August 2020 to tackle property developers’ unbridled borrowing by restricting the amount of new borrowing they can raise each year.
Beijing may allow some property firms to add more leverage by easing borrowing caps and pushing back the grace period for meeting debt targets set by the policy.
Regulators could also extend the deadline by at least six months, which was originally June 30.]]>58africa_business_radio,china,news,property_development,three_red_linescleanfullhttps://www.spreaker.com/episode/us-court-strikes-down-south-carolina-abortion-ban--52369648The South Carolina Supreme Court issued its decision calling the ban an unreasonable restriction that violates a woman’s constitutional right to privacy”.
The law was overturned in a narrow three-to-two vote, with the majority siding with the plaintiffs: two South Carolina physicians, a women’s clinic in the city of Greenville, and the healthcare nonprofit Planned Parenthood.]]>https://api.spreaker.com/episode/52369648Fri, 06 Jan 2023 12:32:31 +0000Africa Business RadioA court in the southeastern United States has struck down South Carolina’s so-called fetal heartbeat law, which bans abortions as early as six weeks into pregnancy. The South Carolina Supreme Court issued its decision calling the ban an unreasonable...The South Carolina Supreme Court issued its decision calling the ban an unreasonable restriction that violates a woman’s constitutional right to privacy”.
The law was overturned in a narrow three-to-two vote, with the majority siding with the plaintiffs: two South Carolina physicians, a women’s clinic in the city of Greenville, and the healthcare nonprofit Planned Parenthood.]]>53abortion_ban,africa_business_radio,newscleanfullhttps://www.spreaker.com/episode/putin-orders-ceasefire-in-ukraine-for-orthodox-christmas--52369639The announcement comes following a request for a ceasefire during the religious holiday from Russia’s 76-year-old Orthodox leader Patriarch Kirill.
The Kremlin says “Given the fact that a large number of citizens professing Orthodoxy live in the areas of combat, we call on the Ukrainian side to declare a ceasefire and give them the opportunity to attend church services on Christmas Eve, as well as on the Day of the Nativity of Christ.]]>https://api.spreaker.com/episode/52369639Fri, 06 Jan 2023 12:31:35 +0000Africa Business RadioRussian President Vladimir Putin ordered a temporary ceasefire in Ukraine on Orthodox Christmas, celebrated this week by both countries. The announcement comes following a request for a ceasefire during the religious holiday from Russia’s 76-year-old...The announcement comes following a request for a ceasefire during the religious holiday from Russia’s 76-year-old Orthodox leader Patriarch Kirill.
The Kremlin says “Given the fact that a large number of citizens professing Orthodoxy live in the areas of combat, we call on the Ukrainian side to declare a ceasefire and give them the opportunity to attend church services on Christmas Eve, as well as on the Day of the Nativity of Christ.]]>56africa_business_radio,ceasefire,news,russia,ukrainecleanfullhttps://www.spreaker.com/episode/taliban-and-china-firm-agree-afghanistan-oil-extraction-deal--52369644The 25-year deal underscores China's economic involvement in the region.
Taliban spokesperson Zabihullah Mujahid says the oil extraction agreement would see Xinjiang Central Asia Petroleum and Gas Company drilling for oil in the Amu Darya basin.
A Chinese state-owned company is also in talks over the operation of a copper mine in the east of the country.]]>https://api.spreaker.com/episode/52369644Fri, 06 Jan 2023 12:30:13 +0000Africa Business RadioAfghanistan's Taliban government is to sign a contract with a Chinese firm to drill for oil in the country's north. The 25-year deal underscores China's economic involvement in the region. Taliban spokesperson Zabihullah Mujahid says the oil...The 25-year deal underscores China's economic involvement in the region.
Taliban spokesperson Zabihullah Mujahid says the oil extraction agreement would see Xinjiang Central Asia Petroleum and Gas Company drilling for oil in the Amu Darya basin.
A Chinese state-owned company is also in talks over the operation of a copper mine in the east of the country.]]>51afghanistan,africa_business_radio,china,news,nigeria,taliban,trade_dealcleanfullhttps://www.spreaker.com/episode/us-regulator-says-staff-must-be-free-to-work-for-employer-s-rivals--52369641The Federal Trade Commission says non-compete clauses were exploitative and unfairly limited the opportunities of an estimated 30 million Americans.
The US Chamber of Commerce, one of the most powerful business lobbies, called the proposal blatantly unlawful.
The FTC says non-compete clauses have become embedded in the US labour market, estimating that they affect roughly one in five workers.]]>https://api.spreaker.com/episode/52369641Fri, 06 Jan 2023 12:28:31 +0000Africa Business RadioUS authorities are seeking to outlaw agreements that allow companies to limit the ability of staff to leave for work at competitors. The Federal Trade Commission says non-compete clauses were exploitative and unfairly limited the opportunities of an...The Federal Trade Commission says non-compete clauses were exploitative and unfairly limited the opportunities of an estimated 30 million Americans.
The US Chamber of Commerce, one of the most powerful business lobbies, called the proposal blatantly unlawful.
The FTC says non-compete clauses have become embedded in the US labour market, estimating that they affect roughly one in five workers.]]>53africa_business_radio,news,trade_commission,u.s,u.s_regulatorscleanfullhttps://www.spreaker.com/episode/chad-foils-attempt-to-destabilise-country--52369642The government says security services had been arresting people linked to the plot since 8 December.
It says the head of the plot was the president of the Chadian Human Rights Organisation, Baradine Berdei Targuio.
Chad has been relatively unstable since April last year when the long-time ruler Idriss Déby died after visiting the front line to fight rebels.]]>https://api.spreaker.com/episode/52369642Fri, 06 Jan 2023 12:25:33 +0000Africa Business RadioThe government in Chad says security forces have foiled an attempt by a group of army officers to destabilize the country. The government says security services had been arresting people linked to the plot since 8 December. It says the head of the...The government says security services had been arresting people linked to the plot since 8 December.
It says the head of the plot was the president of the Chadian Human Rights Organisation, Baradine Berdei Targuio.
Chad has been relatively unstable since April last year when the long-time ruler Idriss Déby died after visiting the front line to fight rebels.]]>50africa,africa_business_radio,chad,insurgency,newscleanfullhttps://www.spreaker.com/episode/nigerian-government-gives-operators-ultimatum-to-identify-oil-well-owners--52369640Chief Executive, Gbenga Komolafe, says the commission demanded that the information to be disclosed must include the identity of the beneficial owner the level of ownership, and details of how control is exerted.
He stressed that the full list of real owners of their companies is submitted to the commission.
Komolafe says the NUPRC is fully committed to working with NEITI to deepen Nigeria’s implementation of contract transparency and beneficial ownership disclosures in the country.
]]>https://api.spreaker.com/episode/52369640Fri, 06 Jan 2023 12:24:16 +0000Africa Business RadioThe Nigerian Upstream Petroleum Regulatory Commission issued a seven-day ultimatum for all lease and license holders operating in Nigeria’s oil and gas sector, to disclose the real owners of their companies. Chief Executive, Gbenga Komolafe, says the...Chief Executive, Gbenga Komolafe, says the commission demanded that the information to be disclosed must include the identity of the beneficial owner the level of ownership, and details of how control is exerted.
He stressed that the full list of real owners of their companies is submitted to the commission.
Komolafe says the NUPRC is fully committed to working with NEITI to deepen Nigeria’s implementation of contract transparency and beneficial ownership disclosures in the country.
]]>63africa_business_radio,news,nigeria,petroleumcleanfullhttps://www.spreaker.com/episode/nigerian-government-urged-to-review-anti-business-policies--52369637The president of the association, John Udeagbala, noted that 2022 was a year with significant economic complications, marked by a post-covid-19 recovery and the lingering Russia-Ukraine war that has added to the spiraling global inflation.
He says the country in 2022 witnessed a high cost of energy; a general rise in the cost of doing business; an astronomical rise in prices of goods and services; a rise in government debts with tepid growth in GDP and high-interest rates, which had an adverse impact on the private sector.
He added that the resultant harsh economic environment has negatively impacted many businesses and made a lot of them be struggling to survive.
]]>https://api.spreaker.com/episode/52369637Fri, 06 Jan 2023 12:20:55 +0000Africa Business RadioThe Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has called on the government to review policies that suffocated business establishments last year. The president of the association, John Udeagbala, noted that 2022...The president of the association, John Udeagbala, noted that 2022 was a year with significant economic complications, marked by a post-covid-19 recovery and the lingering Russia-Ukraine war that has added to the spiraling global inflation.
He says the country in 2022 witnessed a high cost of energy; a general rise in the cost of doing business; an astronomical rise in prices of goods and services; a rise in government debts with tepid growth in GDP and high-interest rates, which had an adverse impact on the private sector.
He added that the resultant harsh economic environment has negatively impacted many businesses and made a lot of them be struggling to survive.
]]>71africa_business_radio,anti_business_policy,investment,news,nigeriacleanfullhttps://www.spreaker.com/episode/local-government-autonomy-bill-hindering-constitutional-review--52369643Senator Omo-Agege says the expectation is that the state houses of assembly would take an independent stance on the matter rather than align with the positions of their state governors.
He, however, expressed optimism that there will be more votes in favor of this bill, particularly because the President of the Senate, Ahmad Lawan, is actively working to find a resolution.]]>https://api.spreaker.com/episode/52369643Fri, 06 Jan 2023 12:18:48 +0000Africa Business RadioDeputy Senate President, Ovie Omo-Agege, says that the Local Government Autonomy Bill is one of the biggest challenges facing the ongoing review of the 1999 Constitution and remains a priority to the executive arm. Senator Omo-Agege says the...Senator Omo-Agege says the expectation is that the state houses of assembly would take an independent stance on the matter rather than align with the positions of their state governors.
He, however, expressed optimism that there will be more votes in favor of this bill, particularly because the President of the Senate, Ahmad Lawan, is actively working to find a resolution.]]>54africa_business_radio,autonomy_bill,constitutional_review,lawmakers,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-electoral-commission-begins-weekend-voters-card-distribution--52369638INEC National Commissioner, Festus Okoye says the devolution of PVC collection to the wards commences tomorrow 6th January 2023, and all validly registered voters who are yet to collect their PVCs are encouraged to seize the opportunity of the devolution to the wards to do so.
Okoye says all those who applied for the replacement of lost, damaged, or defaced PVCs can collect their PVCs at the wards during the same period.
He noted that the PVCs of those that applied for transfer are available for collection in the local governments and registration areas where they intend to vote and not in the state or local government where they carried out the transfer.
]]>https://api.spreaker.com/episode/52369638Fri, 06 Jan 2023 12:17:07 +0000Africa Business RadioThe Independent National Electoral Commission has again commenced the distribution of Permanent Voters’ Cards to registrants at the 8,809 electoral wards across Nigeria. INEC National Commissioner, Festus Okoye says the devolution of PVC collection...INEC National Commissioner, Festus Okoye says the devolution of PVC collection to the wards commences tomorrow 6th January 2023, and all validly registered voters who are yet to collect their PVCs are encouraged to seize the opportunity of the devolution to the wards to do so.
Okoye says all those who applied for the replacement of lost, damaged, or defaced PVCs can collect their PVCs at the wards during the same period.
He noted that the PVCs of those that applied for transfer are available for collection in the local governments and registration areas where they intend to vote and not in the state or local government where they carried out the transfer.
]]>702023_election,africa_business_radio,news,nigeria,voters_cardcleanfullhttps://www.spreaker.com/episode/twitter-says-it-will-reverse-ban-on-political-ads--52359973The social media platform tweeted from its Twitter Safety account that it would relax its advertising policy for cause-based ads in the United States and align its advertisement policy with TV and other media outlets.
Ella Irwin says cause-based advertisements that will be allowed on Twitter include ads that educate or raise awareness of issues such as voter registration, climate change or government programmes like the Census,Political advertising made up a sliver of Twitter’s overall revenue, accounting for less than $3m of total spending for the 2018 US midterm election.]]>https://api.spreaker.com/episode/52359973Thu, 05 Jan 2023 11:56:37 +0000Africa Business RadioTwitter’s head of trust and safety, Ella Irwin, says Twitter Inc will reverse its 2019 ban on political advertisements, as the Elon Musk-owned company seeks to grow revenue. The social media platform tweeted from its Twitter Safety account that it...The social media platform tweeted from its Twitter Safety account that it would relax its advertising policy for cause-based ads in the United States and align its advertisement policy with TV and other media outlets.
Ella Irwin says cause-based advertisements that will be allowed on Twitter include ads that educate or raise awareness of issues such as voter registration, climate change or government programmes like the Census,Political advertising made up a sliver of Twitter’s overall revenue, accounting for less than $3m of total spending for the 2018 US midterm election.]]>68ad_ban,africa_business_radio,news,political_ads,twittercleanfullhttps://www.spreaker.com/episode/meta-fined-390m-over-use-of-data-for-targeted-ads--52359968The Irish Data Protection Commission says the way Meta asked permission to use peoples' data for ads on Facebook and Instagram was unlawful.
Meta says it is disappointed and intends to appeal, stressing that the decision does not prevent personalised advertising on its platforms.
The regulator says that Facebook and Instagram cannot force consent by saying consumers have to accept how their data is used or leave the platform.
Privacy campaigners say the decision is a major victory and mean Meta will have to give users real choice over how their data is used to target online advertisements.]]>https://api.spreaker.com/episode/52359968Thu, 05 Jan 2023 11:53:15 +0000Africa Business RadioMeta has been fined €390m euros for breaking EU data rules. The Irish Data Protection Commission says the way Meta asked permission to use peoples' data for ads on Facebook and Instagram was unlawful. Meta says it is disappointed and intends to...The Irish Data Protection Commission says the way Meta asked permission to use peoples' data for ads on Facebook and Instagram was unlawful.
Meta says it is disappointed and intends to appeal, stressing that the decision does not prevent personalised advertising on its platforms.
The regulator says that Facebook and Instagram cannot force consent by saying consumers have to accept how their data is used or leave the platform.
Privacy campaigners say the decision is a major victory and mean Meta will have to give users real choice over how their data is used to target online advertisements.]]>64africa_business_radio,facebook,instagram,meta,newscleanfullhttps://www.spreaker.com/episode/algeria-to-launch-insulin-production--52359972Ali Aoun says the validation process has been completed and the unit is ready to start manufacturing insulin on 15 January.
Mr. Aoun says importing insulin cost the country $425m last year with at least 15% of Algeria's population diabetic.]]>https://api.spreaker.com/episode/52359972Thu, 05 Jan 2023 11:50:24 +0000Africa Business RadioAlgeria's pharmaceutical industry minister says the country will start manufacturing insulin in a move expected to significantly reduce the cost of importing the drug used to manage diabetes. Ali Aoun says the validation process has been completed...Ali Aoun says the validation process has been completed and the unit is ready to start manufacturing insulin on 15 January.
Mr. Aoun says importing insulin cost the country $425m last year with at least 15% of Algeria's population diabetic.]]>52africa,africa_business_radio,algeria,health,insulin,newscleanfullhttps://www.spreaker.com/episode/egypt-to-speed-up-release-of-imports--52359970The presidency's spokesman says that they also reviewed the international standards implemented at the Egyptian Customs Authority, particularly with regard to reducing the time required to release commodities.
The presidency also tackled the progress of the national economic reform program supported by the International Monetary Fund especially the amendments recently made to the law on prohibiting monopolies.]]>https://api.spreaker.com/episode/52359970Thu, 05 Jan 2023 11:47:24 +0000Africa Business RadioEgyptian President Abdul Fattah al-Sisi has instructed officials to speed up the release of all the commodities at its ports, as the country continues to grapple with a dollar crunch. The presidency's spokesman says that they also reviewed the...The presidency's spokesman says that they also reviewed the international standards implemented at the Egyptian Customs Authority, particularly with regard to reducing the time required to release commodities.
The presidency also tackled the progress of the national economic reform program supported by the International Monetary Fund especially the amendments recently made to the law on prohibiting monopolies.]]>54africa_business_radio,economy,egypt,import,newscleanfullhttps://www.spreaker.com/episode/kenya-will-not-default-on-its-debt--52359977William Ruto says Kenya had applied the brakes on any more borrowing.
When it took over in September last year, his government said it would cut expensive commercial borrowing in favor of cheaper sources such as the World Bank.
Kenya's credit rating has been at risk of being downgraded because of rising debt and surging global interest rates.]]>https://api.spreaker.com/episode/52359977Thu, 05 Jan 2023 11:45:36 +0000Africa Business RadioThe Kenyan president says the country will not default on its debt in the face of severe economic challenges. William Ruto says Kenya had applied the brakes on any more borrowing. When it took over in September last year, his government said it...William Ruto says Kenya had applied the brakes on any more borrowing.
When it took over in September last year, his government said it would cut expensive commercial borrowing in favor of cheaper sources such as the World Bank.
Kenya's credit rating has been at risk of being downgraded because of rising debt and surging global interest rates.]]>47africa_business_radio,imf,kenya,national_debt,newscleanfullhttps://www.spreaker.com/episode/airport-privatisation-to-reduce-subsidy-burden--52359969He says that the privatisation of the airports would also help in commercialising them so that they would be more conscious of customer needs and efficient in terms of service delivery.
He says the government should also look into privatising airports to make them more commercial so that they will be more responsive to customer needs and much more efficient in service delivery.]]>https://api.spreaker.com/episode/52359969Thu, 05 Jan 2023 11:42:51 +0000Africa Business RadioThe President of the Aircraft Owners, and Pilots Association of Nigeria, Alex Nwuba, says that airport privatisation will help to reduce the subsidy burden on the Federal Government. He says that the privatisation of the airports would also help in...He says that the privatisation of the airports would also help in commercialising them so that they would be more conscious of customer needs and efficient in terms of service delivery.
He says the government should also look into privatising airports to make them more commercial so that they will be more responsive to customer needs and much more efficient in service delivery.]]>53africa_business_radio,airline,news,nigeria,privitisationcleanfullhttps://www.spreaker.com/episode/central-bank-of-nigeria-plans-regulatory-framework-for-cryptocurrencies--52359971The CBN would consider the development of a regulatory framework for the potential implementation of ‘Stablecoins,”.
The bank added that It would also continue its watching brief on Initial Coin Offerings as well as work with the Security Exchange Commission to jointly develop a regulatory framework in the event of the adoption of an ICO-based investment solution.
The Acting Director, of Corporate Communications, CBN, Osita Nwanisobi, says the ban on such transactions would not have any negative impact on fintech.
]]>https://api.spreaker.com/episode/52359971Thu, 05 Jan 2023 11:39:49 +0000Africa Business RadioThe Central Bank of Nigeria says it will bring up a regulatory policy framework for the implementation of cryptocurrencies in the country. The CBN would consider the development of a regulatory framework for the potential implementation of...The CBN would consider the development of a regulatory framework for the potential implementation of ‘Stablecoins,”.
The bank added that It would also continue its watching brief on Initial Coin Offerings as well as work with the Security Exchange Commission to jointly develop a regulatory framework in the event of the adoption of an ICO-based investment solution.
The Acting Director, of Corporate Communications, CBN, Osita Nwanisobi, says the ban on such transactions would not have any negative impact on fintech.
]]>59africa_business_radio,cryptocurrency,exchange_rate,news,stablecoincleanfullhttps://www.spreaker.com/episode/central-bank-of-nigeria-clears-air-on-sale-of-polaris-bank--52359966The apex bank says contrary to online reports, the divestment from Polaris Bank was supervised by a Divestment Committee comprising senior representatives of the Asset Management Corporation of Nigeria and the CBN as well as reputable legal and financial advisers.
The CBN added that the divestment mode, process, and decision received requisite board and regulatory approvals.]]>https://api.spreaker.com/episode/52359966Thu, 05 Jan 2023 11:35:51 +0000Africa Business RadioThe Central Bank of Nigeria says that the sale of Polaris Bank followed due process and has urged the public to disregard what it described as a misleading online publication stating otherwise. The apex bank says contrary to online reports, the...The apex bank says contrary to online reports, the divestment from Polaris Bank was supervised by a Divestment Committee comprising senior representatives of the Asset Management Corporation of Nigeria and the CBN as well as reputable legal and financial advisers.
The CBN added that the divestment mode, process, and decision received requisite board and regulatory approvals.]]>58africa_business_radio,central_bank,news,nigeria,polaris_bankcleanfullhttps://www.spreaker.com/episode/nigerian-government-to-stop-payment-of-fuel-subsidy-by-june-2023--52359967The Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed, says that in the 2023 fiscal period, the government has made provisions of N3. 36 trillion naira for fuel subsidy payments to cover the first six months of this year.
The minister noted that the nation’s revenue performance as of November 2022 stood at 6. 5 trillion nairas, representing 87 percent of the set target of 7. 8 trillion naira for the year.
An analysis of the key contributors to the revenue collection includes a 586 billion collection from the Federal Government, Customs – N15 billion, an independent revenue collection of N1.3 trillion as well as a N3.7trillion collection from other sources of revenue.]]>https://api.spreaker.com/episode/52359967Thu, 05 Jan 2023 11:31:47 +0000Africa Business RadioThe Federal Government says that it will stop the payment of fuel subsidy by the end of June 2023. The Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed, says that in the 2023 fiscal period, the government has made provisions of...The Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed, says that in the 2023 fiscal period, the government has made provisions of N3. 36 trillion naira for fuel subsidy payments to cover the first six months of this year.
The minister noted that the nation’s revenue performance as of November 2022 stood at 6. 5 trillion nairas, representing 87 percent of the set target of 7. 8 trillion naira for the year.
An analysis of the key contributors to the revenue collection includes a 586 billion collection from the Federal Government, Customs – N15 billion, an independent revenue collection of N1.3 trillion as well as a N3.7trillion collection from other sources of revenue.]]>71africa_business_radio,fuel_subsidy,news,nigeriacleanfullhttps://www.spreaker.com/episode/imf-head-warns-third-of-world-in-recession-this-year--52350609Kristalina Georgieva says 2023 will be tougher than last year as the US, EU and China see their economies slow.
It comes as the war in Ukraine, rising prices, higher interest rates and the spread of Covid in China weigh on the global economy.
Ms Georgieva says countries that are not in recession would feel like recession for hundreds of millions of people.]]>https://api.spreaker.com/episode/52350609Wed, 04 Jan 2023 13:18:47 +0000Africa Business RadioThe head of the International Monetary Fund has warned that a third of the global economy will be in recession this year. Kristalina Georgieva says 2023 will be tougher than last year as the US, EU and China see their economies slow. It comes as the...Kristalina Georgieva says 2023 will be tougher than last year as the US, EU and China see their economies slow.
It comes as the war in Ukraine, rising prices, higher interest rates and the spread of Covid in China weigh on the global economy.
Ms Georgieva says countries that are not in recession would feel like recession for hundreds of millions of people.]]>48africa_business_radio,imf,news,recessioncleanfullhttps://www.spreaker.com/episode/us-regulators-warn-banks-over-cryptocurrency-risks--52350612The watchdogs told financial institutions to be wary of potential fraud, legal uncertainty, and misleading disclosures by digital asset firms.
The US Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency said they were closely monitoring the crypto activities of banking organizations.
The regulators also said that issuing or holding crypto tokens, which are stored on public, decentralised networks was highly likely to be inconsistent with safe and sound banking practices.]]>https://api.spreaker.com/episode/52350612Wed, 04 Jan 2023 13:16:25 +0000Africa Business RadioUS regulators have issued their first-ever joint warning to banks over the risks associated with the cryptocurrency market. The watchdogs told financial institutions to be wary of potential fraud, legal uncertainty, and misleading disclosures by...The watchdogs told financial institutions to be wary of potential fraud, legal uncertainty, and misleading disclosures by digital asset firms.
The US Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency said they were closely monitoring the crypto activities of banking organizations.
The regulators also said that issuing or holding crypto tokens, which are stored on public, decentralised networks was highly likely to be inconsistent with safe and sound banking practices.]]>60africa_business_radio,cryptocurreny_risk,digital_assest,joint_warning,news,u.scleanfullhttps://www.spreaker.com/episode/ftx-sam-bankman-fried-pleads-not-guilty-to-fraud--52350608Sam Bankman-Fried pleaded not guilty in a US court to claims that he took customer deposits at FTX to fund his other firm, Alameda Research, buy a property and make political donations.
Two of Mr Bankman-Fried's closest colleagues have pleaded guilty already and are cooperating with the investigation, which has shaken the entire cryptocurrency industry.
Prosecutors accused Mr Bankman-Fried of misappropriating FTX customer funds to pay debts at his other company, Alameda, and to make other investments.]]>https://api.spreaker.com/episode/52350608Wed, 04 Jan 2023 13:12:34 +0000Africa Business RadioThe former boss of collapsed cryptocurrency exchange FTX has officially denied charges that he defrauded customers and investors. Sam Bankman-Fried pleaded not guilty in a US court to claims that he took customer deposits at FTX to fund his other...Sam Bankman-Fried pleaded not guilty in a US court to claims that he took customer deposits at FTX to fund his other firm, Alameda Research, buy a property and make political donations.
Two of Mr Bankman-Fried's closest colleagues have pleaded guilty already and are cooperating with the investigation, which has shaken the entire cryptocurrency industry.
Prosecutors accused Mr Bankman-Fried of misappropriating FTX customer funds to pay debts at his other company, Alameda, and to make other investments.]]>61africa_business_radio,bitcoin,cryptocurrency,fraud,newscleanfullhttps://www.spreaker.com/episode/tanzania-president-lifts-opposition-rally-ban--52350611President Samia made the announcement during a meeting with leaders from all 19 of the country’s registered political parties.
Ms. Samia says their duty as a government will be to offer protection for the rallies which are going to be conducted in a civil and mature way and avoid trading insults.
The lifting of the ban is part of the president’s political reconciliation and reform drive which she initiated after taking power in 2021 following MagufuIi’s death.
President Samia says her government would try to restart a stalled constitutional review process.]]>https://api.spreaker.com/episode/52350611Wed, 04 Jan 2023 13:10:38 +0000Africa Business RadioTanzania’s President Samia Suluhu Hassan has lifted a ban after six years on opposition political rallies outside of election campaigns. President Samia made the announcement during a meeting with leaders from all 19 of the country’s registered...President Samia made the announcement during a meeting with leaders from all 19 of the country’s registered political parties.
Ms. Samia says their duty as a government will be to offer protection for the rallies which are going to be conducted in a civil and mature way and avoid trading insults.
The lifting of the ban is part of the president’s political reconciliation and reform drive which she initiated after taking power in 2021 following MagufuIi’s death.
President Samia says her government would try to restart a stalled constitutional review process.]]>61africa,africa_business_radio,news,rally_ban,tanzaniacleanfullhttps://www.spreaker.com/episode/mozambique-takes-seat-at-un-security-council--52350610Mozambican ambassador to the UN, Pedro Comissário says they are going to deal a lot with terrorism.
Mr Comissário says the country would also push for reforms at the Security Council to address African concerns.
Mr Comissário says It is necessary to pay attention to reforming the Security Council to reflect African concerns, a region that has suffered historical injustice. We have no permanent member on the Security Council.]]>https://api.spreaker.com/episode/52350610Wed, 04 Jan 2023 13:08:02 +0000Africa Business RadioMozambique replaced Kenya at the UN Security Council with a promise to prioritise the fight against terrorism and will serve at the council as a non-permanent member for the next two years. Mozambican ambassador to the UN, Pedro Comissário says they...Mozambican ambassador to the UN, Pedro Comissário says they are going to deal a lot with terrorism.
Mr Comissário says the country would also push for reforms at the Security Council to address African concerns.
Mr Comissário says It is necessary to pay attention to reforming the Security Council to reflect African concerns, a region that has suffered historical injustice. We have no permanent member on the Security Council.]]>57africa,africa_business_radio,mozambique,news,security_council,uncleanfullhttps://www.spreaker.com/episode/nigeria-list-withdrawal-guidelines-for-government-accounts--52350606The Director and Chief Executive Officer, NFIU, Modibbo Tukur says because of the consistent devaluation of the naira and the introduction of a new naira policy, section one of the Money Laundering Prohibition Act is automatically activated.
Tukur further stated that most cash withdrawals from government accounts including payments for estacode are often more than the cash withdrawal limit provided by the Money Laundering Act.
He says this exposed innocent public servants to be liable to imprisonment.]]>https://api.spreaker.com/episode/52350606Wed, 04 Jan 2023 12:52:48 +0000Africa Business RadioThe Nigerian Financial Intelligence Unit is set to announce new guidelines on cash withdrawals from all government accounts on Thursday, January 5, 2023. The Director and Chief Executive Officer, NFIU, Modibbo Tukur says because of the consistent...The Director and Chief Executive Officer, NFIU, Modibbo Tukur says because of the consistent devaluation of the naira and the introduction of a new naira policy, section one of the Money Laundering Prohibition Act is automatically activated.
Tukur further stated that most cash withdrawals from government accounts including payments for estacode are often more than the cash withdrawal limit provided by the Money Laundering Act.
He says this exposed innocent public servants to be liable to imprisonment.]]>60africa_business_radio,cash_withdrawal_limit,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-president-approves-the-deployment-of-technology-in-the-south-east--52350605The Imo governor revealed that President Buhari approved the deployment of technology to combat insecurity in the South-East.
He stated that the approved technology expected to be deployed immediately consists of surveillance equipment among other things to potentially control crime and insecurity, with minimal collateral damage.
Uzodinma maintained that he is not responsible for the insecurity in Imo, saying the challenge is not peculiar to the state.
He says those fighting him simply instigate an atmosphere of insecurity out of desperation and not because of underdevelopment or corruption.]]>https://api.spreaker.com/episode/52350605Wed, 04 Jan 2023 12:44:27 +0000Africa Business RadioPresident Muhammadu Buhari met with Imo State Governor, Hope Uzodinma at the State House in Abuja. The Imo governor revealed that President Buhari approved the deployment of technology to combat insecurity in the South-East. He stated that the...The Imo governor revealed that President Buhari approved the deployment of technology to combat insecurity in the South-East.
He stated that the approved technology expected to be deployed immediately consists of surveillance equipment among other things to potentially control crime and insecurity, with minimal collateral damage.
Uzodinma maintained that he is not responsible for the insecurity in Imo, saying the challenge is not peculiar to the state.
He says those fighting him simply instigate an atmosphere of insecurity out of desperation and not because of underdevelopment or corruption.]]>63africa_business_radio,news,nigeria,security,technologycleanfullhttps://www.spreaker.com/episode/nigeria-s-petroleum-company-to-look-into-burundi-s-request-for-fuel--52350603Buhari acknowledged the feeling of suffering from energy shortage, promising that the Nigerian National Petroleum Company Limited would be drafted to look into the request.
The Special adviser to the President on media and publicity, Femi Adeshina, says the Nigerian President affirmed that he was looking forward to the polls and retirement, having satisfied the constitutional requirement of two terms in office]]>https://api.spreaker.com/episode/52350603Wed, 04 Jan 2023 12:33:26 +0000Africa Business RadioPresident Muhammadu Buhari has given assurances that Nigeria will support the Republic of Burundi in diverse ways as necessary in the spirit of African solidarity and brotherliness. Buhari acknowledged the feeling of suffering from energy shortage,...Buhari acknowledged the feeling of suffering from energy shortage, promising that the Nigerian National Petroleum Company Limited would be drafted to look into the request.
The Special adviser to the President on media and publicity, Femi Adeshina, says the Nigerian President affirmed that he was looking forward to the polls and retirement, having satisfied the constitutional requirement of two terms in office]]>55africa_business_radio,news,nigeria,petroleumcleanfullhttps://www.spreaker.com/episode/nigerian-president-buhari-signs-n21-8tn-2023-budget--52350618The President said the aggregate expenditures of N21.83 trillion, is an increase of N1.32 trillion over the initial Executive Proposal for a total expenditure of N20.51 trillion.
President Buhari explained that the 2022 Supplementary Appropriation Act would enable the administration to respond to the havoc caused by the recent nationwide floods in the infrastructure and agriculture sectors.
He also said the Minister of Finance, Budget and National Planning will subsequently provide more details of the approved budget and the supporting 2022 Finance Act.]]>https://api.spreaker.com/episode/52350618Wed, 04 Jan 2023 12:24:17 +0000Africa Business RadioPresident Muhammadu Buhari has signed into law the Appropriation Bill, 2023 totalling N21.83 trillion. The President said the aggregate expenditures of N21.83 trillion, is an increase of N1.32 trillion over the initial Executive Proposal for a total...The President said the aggregate expenditures of N21.83 trillion, is an increase of N1.32 trillion over the initial Executive Proposal for a total expenditure of N20.51 trillion.
President Buhari explained that the 2022 Supplementary Appropriation Act would enable the administration to respond to the havoc caused by the recent nationwide floods in the infrastructure and agriculture sectors.
He also said the Minister of Finance, Budget and National Planning will subsequently provide more details of the approved budget and the supporting 2022 Finance Act.]]>632023_budget,africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/tsb-fined-49m-over-it-system-meltdown--52246908The UK's financial regulator says the failings were widespread and serious and led to significant disruption.
All areas of TSB's services were affected, including branch, telephone and online banking.
The Financial Conduct Authority says the problems were not fully resolved for eight months and a significant proportion of its 5.2 million customers were affected by the initial issues.]]>https://api.spreaker.com/episode/52246908Wed, 21 Dec 2022 15:44:24 +0000Africa Business RadioTSB has been fined nearly £49m for an IT meltdown in 2018 that caused chaos and left its customers unable to access online accounts for several weeks. The UK's financial regulator says the failings were widespread and serious and led to significant...The UK's financial regulator says the failings were widespread and serious and led to significant disruption.
All areas of TSB's services were affected, including branch, telephone and online banking.
The Financial Conduct Authority says the problems were not fully resolved for eight months and a significant proportion of its 5.2 million customers were affected by the initial issues.]]>53africa_business_radio,it_meltdown,news,online_banking,tsbcleanfullhttps://www.spreaker.com/episode/japan-central-bank-tweaks-monetary-policy--52246909The bank says it would widen the band in which it would allow rates for 10-year Japan government bonds to move, saying it would improve market functioning.
The Bank will expand the range of 10-year JGB yield fluctuations from the target level: from between around plus and minus 0.25 percentage points to between around plus and minus 0.5 percentage points.
The bank left the rest of its longstanding loose monetary programme intact, including its years-old inflation target of two percent.]]>https://api.spreaker.com/episode/52246909Wed, 21 Dec 2022 15:42:00 +0000Africa Business RadioJapan’s central bank tweaked its longstanding monetary easing programme on Tuesday, in a surprise move that saw the yen strengthen quickly against the dollar and prompted falls on Tokyo bourses. The bank says it would widen the band in which it would...The bank says it would widen the band in which it would allow rates for 10-year Japan government bonds to move, saying it would improve market functioning.
The Bank will expand the range of 10-year JGB yield fluctuations from the target level: from between around plus and minus 0.25 percentage points to between around plus and minus 0.5 percentage points.
The bank left the rest of its longstanding loose monetary programme intact, including its years-old inflation target of two percent.]]>61africa_business_radio,japan,monetary_policy,newscleanfullhttps://www.spreaker.com/episode/elon-musk-to-quit-as-twitter-ceo-when-replacement-is-found--52246906The billionaire promised earlier to abide by the result of a Twitter poll which saw 57.5% of users vote "yes" to him quitting the role.
He says he will still run the software and servers teams after his replacement is found.
Changes on the platform since his takeover have been much criticised.
Civil liberties groups have also criticised his approach to content moderation, accusing him of taking steps that will increase hate speech and misinformation.]]>https://api.spreaker.com/episode/52246906Wed, 21 Dec 2022 15:39:02 +0000Africa Business RadioElon Musk says he will resign as Twitter's chief executive officer when he finds someone foolish enough to take the job. The billionaire promised earlier to abide by the result of a Twitter poll which saw 57.5% of users vote "yes" to him quitting the...The billionaire promised earlier to abide by the result of a Twitter poll which saw 57.5% of users vote "yes" to him quitting the role.
He says he will still run the software and servers teams after his replacement is found.
Changes on the platform since his takeover have been much criticised.
Civil liberties groups have also criticised his approach to content moderation, accusing him of taking steps that will increase hate speech and misinformation.]]>55africa_business_radio,elon_musk,news,twittercleanfullhttps://www.spreaker.com/episode/taliban-ban-university-education-for-afghan-women--52246722The Taliban have ratcheted up restrictions on all aspects of women’s lives, ignoring international outrage.
The spokesman for the ministry, Ziaullah Hashimi, who tweeted the letter, confirmed the order.
State Department spokesman Ned Price in Washington says the Taliban should expect that this decision, which is in contravention to the commitments they have made repeatedly and publicly to their own people, will carry concrete costs for them.
The ban on higher education comes less than three months after thousands of girls and women sat university entrance exams across the country, with many aspiring to choose teaching and medicine as future careers.]]>https://api.spreaker.com/episode/52246722Wed, 21 Dec 2022 15:36:52 +0000Africa Business RadioAfghanistan’s Taliban rulers banned university education for females nationwide, as the hard-line Islamists continue to crush women’s right to education and freedom. The Taliban have ratcheted up restrictions on all aspects of women’s lives, ignoring...The Taliban have ratcheted up restrictions on all aspects of women’s lives, ignoring international outrage.
The spokesman for the ministry, Ziaullah Hashimi, who tweeted the letter, confirmed the order.
State Department spokesman Ned Price in Washington says the Taliban should expect that this decision, which is in contravention to the commitments they have made repeatedly and publicly to their own people, will carry concrete costs for them.
The ban on higher education comes less than three months after thousands of girls and women sat university entrance exams across the country, with many aspiring to choose teaching and medicine as future careers.]]>69afghanistan,africa_business_radio,education_ban,human_right,news,talibancleanfullhttps://www.spreaker.com/episode/tanzania-signs-2-2bn-railway-deal-with-china--52246723The 2,561-kilometre line will link the Indian Ocean port of Dar es Salaam to Mwanza on Lake Victoria, with eventual spurs to Burundi, Democratic Republic of Congo, Rwanda and Uganda.
President Samia Suluhu Hassan, says the construction of the final section of the Standard Gauge Railway from Tabora to Kigoma in western Tanzania would be completed in 2026, nine years after it began.
She says the new railway would reduce cargo transportation costs between the Dar es Salaam port and the DRC from a minimum of $6,000 per tonne to about $4,000 once it becomes fully operational.]]>https://api.spreaker.com/episode/52246723Wed, 21 Dec 2022 15:34:56 +0000Africa Business RadioTanzania signed a $2.2-billion contract with a Chinese company to build the final section of a railway line aimed at linking the country’s main port with its neighbours. The 2,561-kilometre line will link the Indian Ocean port of Dar es Salaam to...The 2,561-kilometre line will link the Indian Ocean port of Dar es Salaam to Mwanza on Lake Victoria, with eventual spurs to Burundi, Democratic Republic of Congo, Rwanda and Uganda.
President Samia Suluhu Hassan, says the construction of the final section of the Standard Gauge Railway from Tabora to Kigoma in western Tanzania would be completed in 2026, nine years after it began.
She says the new railway would reduce cargo transportation costs between the Dar es Salaam port and the DRC from a minimum of $6,000 per tonne to about $4,000 once it becomes fully operational.]]>71africa,africa_business_radio,china,news,tanzania,transportationcleanfullhttps://www.spreaker.com/episode/banking-services-return-to-ehtiopia-s-tigray--52246724The announcement comes after the federal government and Tigrayan rebels signed a peace deal on 2 November that would reopen access to Tigray, which has been severely limited during the two-year conflict.
The United Nations says the conflict has displaced more than two million people and driven hundreds of thousands to the brink of famine.
The UN World Food Programme, says more than 13 million people in northern Ethiopia now depend on humanitarian aid, including more than 90 percent of Tigray's population of six million.]]>https://api.spreaker.com/episode/52246724Wed, 21 Dec 2022 15:33:21 +0000Africa Business RadioThe Commercial Bank of Ethiopia says that it has resumed financial services in Shire, Alamata and Korem, allowing people to deposit money and receive funds from abroad. The announcement comes after the federal government and Tigrayan rebels signed a...The announcement comes after the federal government and Tigrayan rebels signed a peace deal on 2 November that would reopen access to Tigray, which has been severely limited during the two-year conflict.
The United Nations says the conflict has displaced more than two million people and driven hundreds of thousands to the brink of famine.
The UN World Food Programme, says more than 13 million people in northern Ethiopia now depend on humanitarian aid, including more than 90 percent of Tigray's population of six million.]]>60africa,africa_business_radio,ethiopia,news,tigraycleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-orders-stay-action-on-cash-limits--52246725Although the CBN Governor, Godwin Emefiele, for the second time, failed to appear before the House, the lawmakers said their December 8 directive to the apex bank to put the policy on hold had not changed.
The CBN indicated that beginning from January 9, 2023, the amounts individuals and corporate organisations could withdraw per week would not exceed N100,000 and N500,000, respectively.
The Deputy Governor, Corporate Services, CBN, Edward Adamu, told the lawmakers that Emefiele was part of the entourage of President Muhammadu Buhari on an official trip to the United States.]]>https://api.spreaker.com/episode/52246725Wed, 21 Dec 2022 15:32:07 +0000Africa Business RadioNigerian Lawmakers insisted that the Central Bank of Nigeria must not proceed with its cash withdrawal policy. Although the CBN Governor, Godwin Emefiele, for the second time, failed to appear before the House, the lawmakers said their December 8...Although the CBN Governor, Godwin Emefiele, for the second time, failed to appear before the House, the lawmakers said their December 8 directive to the apex bank to put the policy on hold had not changed.
The CBN indicated that beginning from January 9, 2023, the amounts individuals and corporate organisations could withdraw per week would not exceed N100,000 and N500,000, respectively.
The Deputy Governor, Corporate Services, CBN, Edward Adamu, told the lawmakers that Emefiele was part of the entourage of President Muhammadu Buhari on an official trip to the United States.]]>62africa_business_radio,cash_limit,news,nigeria,nigerian_lawmakerscleanfullhttps://www.spreaker.com/episode/nigerian-court-stops-dss-from-arresting-emefiele-over-alleged-terrorism--52246728Justice Tsoho, while declining the motion ex-parte filed by an applicant in the absence of the respondent, says the secret police did not provide any concrete evidence to substantiate its claims that Emefiele was involved in terrorism financing and economic crimes.
The Judge noted that the name of the respondent was given simply as ‘Godwin Emefiele’ without a material disclosure that he is the same person as the CBN Governor.]]>https://api.spreaker.com/episode/52246728Wed, 21 Dec 2022 15:30:12 +0000Africa Business RadioThe Chief Judge of the Federal High Court, Justice John Tsoho, has declined an application by the Department of State Services to arrest and detain the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele. Justice Tsoho, while declining the...Justice Tsoho, while declining the motion ex-parte filed by an applicant in the absence of the respondent, says the secret police did not provide any concrete evidence to substantiate its claims that Emefiele was involved in terrorism financing and economic crimes.
The Judge noted that the name of the respondent was given simply as ‘Godwin Emefiele’ without a material disclosure that he is the same person as the CBN Governor.]]>59africa_business_radio,news,nigeria,states_service,terrorismcleanfullhttps://www.spreaker.com/episode/world-bank-slashes-china-s-growth-outlook-to-2-7-percent-in-2022--52236277The Washington, DC-based institution cut China’s expected growth for 2022 to 2.7 percent, down from 4.3 percent in June.
China’s projected growth for next year was slashed from 8.1 percent to 4.3 percent.
The World Bank said in a statement says Economic activity in China continues to track the ups and downs of the pandemic – outbreaks and growth slowdowns have been followed by uneven recoveries.
Mara Warwick, World Bank country director for China, Mongolia, and Korea, says China’s continued adaptation of its pandemic policies would be crucial to the country’s economic recovery and public health.]]>https://api.spreaker.com/episode/52236277Tue, 20 Dec 2022 13:06:27 +0000Africa Business RadioThe World Bank has slashed its growth outlook for China’s economy, as nearly three years of zero-COVID” curbs and a real estate slump weigh on the world’s second-largest economy. The Washington, DC-based institution cut China’s expected growth for...The Washington, DC-based institution cut China’s expected growth for 2022 to 2.7 percent, down from 4.3 percent in June.
China’s projected growth for next year was slashed from 8.1 percent to 4.3 percent.
The World Bank said in a statement says Economic activity in China continues to track the ups and downs of the pandemic – outbreaks and growth slowdowns have been followed by uneven recoveries.
Mara Warwick, World Bank country director for China, Mongolia, and Korea, says China’s continued adaptation of its pandemic policies would be crucial to the country’s economic recovery and public health.]]>68africa_business_radio,china,growth_outlook,news,world_bankcleanfullhttps://www.spreaker.com/episode/putin-orders-the-strengthening-of-russia-s-borders--52236283Putin instructed his security officials to protect the borders, increase control of society, and maximise their “use of the operational, technical and personnel potential” to prevent risks coming from abroad and internal traitors.
Putin says Work must be intensified through the border services and the Federal Security Service.]]>https://api.spreaker.com/episode/52236283Tue, 20 Dec 2022 13:05:10 +0000Africa Business RadioRussian President Vladimir Putin has ordered the strengthening of Russia’s borders and instructed security services to keep greater control of society and root out “traitors, spies and saboteurs. Putin instructed his security officials to protect the...Putin instructed his security officials to protect the borders, increase control of society, and maximise their “use of the operational, technical and personnel potential” to prevent risks coming from abroad and internal traitors.
Putin says Work must be intensified through the border services and the Federal Security Service.]]>51africa_business_radio,news,russia,security,ukrainecleanfullhttps://www.spreaker.com/episode/democratic-stronghold-washington-state-to-join-gop-s-tiktok-bans--52236284Washington state would become the first Democratic stronghold to ban TikTok, owned by Beijing-based ByteDance, over data privacy and national security concerns if it prohibits the use of the app on government devices.
At least 19 states, including Texas, Alabama, Georgia, Idaho, New Hampshire, Maryland, North Dakota and Utah, have banned or restricted the use of the app on government devices over data privacy and national concerns.
Louisiana’s Republican Secretary of State Kyle Ardoin called on Democratic Governor John Bel Edwards to ban the app on all state government devices.]]>https://api.spreaker.com/episode/52236284Tue, 20 Dec 2022 13:03:46 +0000Africa Business RadioThe US state of Washington is considering banning the use of TikTok for government business, potentially extending a Republican-led campaign against the Chinese-owned app to one of the most liberal parts of the United States. Washington state would...Washington state would become the first Democratic stronghold to ban TikTok, owned by Beijing-based ByteDance, over data privacy and national security concerns if it prohibits the use of the app on government devices.
At least 19 states, including Texas, Alabama, Georgia, Idaho, New Hampshire, Maryland, North Dakota and Utah, have banned or restricted the use of the app on government devices over data privacy and national concerns.
Louisiana’s Republican Secretary of State Kyle Ardoin called on Democratic Governor John Bel Edwards to ban the app on all state government devices.]]>69africa_business_radio,news,tiktok,u.s,washingtoncleanfullhttps://www.spreaker.com/episode/fortnite-pays-520m-to-settle-child-privacy-and-trickery-claims--52236278The Federal Trade Commission says the firm duped players with deceptive interfaces that could trigger purchases while the game loaded.
It also accused it of using "privacy-invasive" default settings.
The company says no developer creates a game with the intention of ending up here while adding that they accepted this agreement because they want Epic to be at the forefront of consumer protection and provide the best experience for our players.
The FTC says that the game, which matches strangers around the world for interactive battles, was aimed at children and teens, but despite that, its developers failed to comply with rules regarding parental consent - even after making changes to address internal and public concerns.]]>https://api.spreaker.com/episode/52236278Tue, 20 Dec 2022 13:02:28 +0000Africa Business RadioThe maker of popular video game Fortnite has agreed to pay $520m to resolve claims from US regulators that it violated child privacy laws and tricked users into making purchases. The Federal Trade Commission says the firm duped players with deceptive...The Federal Trade Commission says the firm duped players with deceptive interfaces that could trigger purchases while the game loaded.
It also accused it of using "privacy-invasive" default settings.
The company says no developer creates a game with the intention of ending up here while adding that they accepted this agreement because they want Epic to be at the forefront of consumer protection and provide the best experience for our players.
The FTC says that the game, which matches strangers around the world for interactive battles, was aimed at children and teens, but despite that, its developers failed to comply with rules regarding parental consent - even after making changes to address internal and public concerns.]]>75africa_business_radio,child_abuse,fortnite,news,video_gamescleanfullhttps://www.spreaker.com/episode/us-lawmakers-considers-charges-against-trump--52236279The decision will be the culmination of an 18-month probe that interviewed more than 1,000 witnesses and held explosive public hearings on the storming of Congress on January 6, 2021.
The committee is expected to urge the Justice Department to pursue Trump on at least three charges related to the violence–inciting an insurrection, obstructing an official proceeding, and conspiring to defraud the United States.
]]>https://api.spreaker.com/episode/52236279Tue, 20 Dec 2022 13:00:10 +0000Africa Business RadioThe congressional panel probing last year’s deadly assault on the US Capitol branded Donald Trump unfit for any office as it prepared to vote on whether to recommend criminal charges against the former president. The decision will be the culmination...The decision will be the culmination of an 18-month probe that interviewed more than 1,000 witnesses and held explosive public hearings on the storming of Congress on January 6, 2021.
The committee is expected to urge the Justice Department to pursue Trump on at least three charges related to the violence–inciting an insurrection, obstructing an official proceeding, and conspiring to defraud the United States.
]]>59africa_business_radio,lawmakers,news,trump,u.s,u.s_capitolcleanfullhttps://www.spreaker.com/episode/eu-nations-agree-on-gas-price-cap-to-shield-consumers--52236282It follows weeks of wrangling in which Germany and others sought safeguards to ensure the cap would be suspended if it had negative consequences.
Gas prices have spiked as EU countries seek ways to import less Russian gas following its invasion of Ukraine.
Jozef Skiela, the Czech minister of industry and trade says the EU had succeeded in finding an important agreement that will shield citizens from skyrocketing energy prices.
Kremlin spokesman Dimitri Peskov called the cap "unacceptable" and said it was an attack on market pricing.]]>https://api.spreaker.com/episode/52236282Tue, 20 Dec 2022 12:58:27 +0000Africa Business RadioEuropean Union nations have agreed to cap soaring wholesale gas prices to protect consumers across the bloc. It follows weeks of wrangling in which Germany and others sought safeguards to ensure the cap would be suspended if it had negative...It follows weeks of wrangling in which Germany and others sought safeguards to ensure the cap would be suspended if it had negative consequences.
Gas prices have spiked as EU countries seek ways to import less Russian gas following its invasion of Ukraine.
Jozef Skiela, the Czech minister of industry and trade says the EU had succeeded in finding an important agreement that will shield citizens from skyrocketing energy prices.
Kremlin spokesman Dimitri Peskov called the cap "unacceptable" and said it was an attack on market pricing.]]>68africa_business_radio,european_nations,gas_price,news,russia,ukrainecleanfullhttps://www.spreaker.com/episode/botswana-to-host-corporate-council-on-africa-2023-u-s-africa-business-summit--52236286The Summits address all major economic sectors that are critical to the continent's development including infrastructure, ICT, health, energy, mining, manufacturing, and the creative industries.
Florie Liser, President and CEO of Corporate Council on Africa says the 2023 US-Africa Business Summit will be a momentous occasion to present Africa as a strong trade and investment partner for U.S. companies and to build on what CCA anticipates will be a successful U.S.-Africa Leaders Summit and Business Forum later this month.]]>https://api.spreaker.com/episode/52236286Tue, 20 Dec 2022 12:57:18 +0000Africa Business RadioCorporate Council on Africa announced that in June 2023, the Government of the Republic of Botswana will be the national host of the Corporate Council on Africa's 15th U.S.-Africa Business Summit. The Summits address all major economic sectors that...The Summits address all major economic sectors that are critical to the continent's development including infrastructure, ICT, health, energy, mining, manufacturing, and the creative industries.
Florie Liser, President and CEO of Corporate Council on Africa says the 2023 US-Africa Business Summit will be a momentous occasion to present Africa as a strong trade and investment partner for U.S. companies and to build on what CCA anticipates will be a successful U.S.-Africa Leaders Summit and Business Forum later this month.]]>59africa,africa_business_radio,botswana,news,u.s_africa_business_summitcleanfullhttps://www.spreaker.com/episode/ghana-suspends-payment-on-eurobond-other-foreign-debt--52236287The country suspended payments on its Eurobond, commercial term loans, and most of its bilateral debt, a week after a $3 billion agreement with the International Monetary Fund.
The IMF had demanded a comprehensive debt restructuring as a condition for support.
Ghana's finance ministry called the decision an interim emergency measure.
It said the government stands ready to engage in discussions with all of its external creditors to make Ghana's debt sustainable.]]>https://api.spreaker.com/episode/52236287Tue, 20 Dec 2022 12:55:13 +0000Africa Business RadioGhana announced the suspension of payments on most of its external debt, effectively defaulting on its debt obligations as it faces its worst economic crisis in decades. The country suspended payments on its Eurobond, commercial term loans, and most...The country suspended payments on its Eurobond, commercial term loans, and most of its bilateral debt, a week after a $3 billion agreement with the International Monetary Fund.
The IMF had demanded a comprehensive debt restructuring as a condition for support.
Ghana's finance ministry called the decision an interim emergency measure.
It said the government stands ready to engage in discussions with all of its external creditors to make Ghana's debt sustainable.]]>58africa,africa_business_radio,eurobond,external_debt,ghana,newscleanfullhttps://www.spreaker.com/episode/nigerian-exchange-retail-transactions-hit-n26-62billion--52236280The data from the Nigerian Exchange indicated that retail transactions added N26.62bn in the month from N24.05bn in October 2022.
Institutional investors with N63.33bn outperformed retail investors (N26.62bn), as market observers believed that the appreciation was a positive indicator for Nigerian stocks, considering the current economic environment.
A capital market analyst, Ayotunde Alabi, says more Nigerians are becoming investment wiser by the day.
He attributed the past decline of the market to the capping of stocks and investors’ drive to make quick returns.]]>https://api.spreaker.com/episode/52236280Tue, 20 Dec 2022 12:52:33 +0000Africa Business RadioData from the country’s local bourse revealed that retail transactions in Nigerian Exchange increased by 10.69 per cent to N26.62 billion in the month of November. The data from the Nigerian Exchange indicated that retail transactions added N26.62bn...The data from the Nigerian Exchange indicated that retail transactions added N26.62bn in the month from N24.05bn in October 2022.
Institutional investors with N63.33bn outperformed retail investors (N26.62bn), as market observers believed that the appreciation was a positive indicator for Nigerian stocks, considering the current economic environment.
A capital market analyst, Ayotunde Alabi, says more Nigerians are becoming investment wiser by the day.
He attributed the past decline of the market to the capping of stocks and investors’ drive to make quick returns.]]>71africa_business_radio,business,news,nigeria,retail_transaction,stock_exchangecleanfullhttps://www.spreaker.com/episode/world-banks-warns-naira-redesign-will-affect-the-poor--52236281The World Bank, in its report, however, says the new policy would negatively affect small businesses, especially those who have day-to-day cash transactions.
The report says while periodic currency redesigns are normal internationally and the naira does appear to be due for it since naira notes have been redesigned for two decades, the timing of and short transition period for this demonetization may have negative impacts on economic activity, in particular for the poorest households.]]>https://api.spreaker.com/episode/52236281Tue, 20 Dec 2022 12:50:32 +0000Africa Business RadioThe World Bank has warned the newly redesigned naira which went into circulation last week may have a negative effect on economic activity, especially for poor Nigerians due to its timing and short transition period. The World Bank, in its report,...The World Bank, in its report, however, says the new policy would negatively affect small businesses, especially those who have day-to-day cash transactions.
The report says while periodic currency redesigns are normal internationally and the naira does appear to be due for it since naira notes have been redesigned for two decades, the timing of and short transition period for this demonetization may have negative impacts on economic activity, in particular for the poorest households.]]>65africa_business_radio,naira_redesign,news,nigeria,world_bankcleanfullhttps://www.spreaker.com/episode/mtn-shareholders-approve-7-5-billion-shares-cancellation--52236285The telecoms company’s shareholders also approved the cancellation of over 402 million preference shares of $0.005 each.
President Mohammed Buhari in August 2020, signed the amended Companies and Allied Matter Act, mandating all listed companies in Nigeria to have only issued shares against the current system of operating issued and authorised share capital.]]>https://api.spreaker.com/episode/52236285Tue, 20 Dec 2022 12:48:37 +0000Africa Business RadioThe shareholders of MTN Nigeria Plc have approved the cancellation of 7.5 billion unissued shares, the company has disclosed. The telecoms company’s shareholders also approved the cancellation of over 402 million preference shares of $0.005 each....The telecoms company’s shareholders also approved the cancellation of over 402 million preference shares of $0.005 each.
President Mohammed Buhari in August 2020, signed the amended Companies and Allied Matter Act, mandating all listed companies in Nigeria to have only issued shares against the current system of operating issued and authorised share capital.]]>52africa_business_radio,mtn,news,nigeria,sharescleanfullhttps://www.spreaker.com/episode/former-us-president-donald-trump-launches-99-nft-collection--52226243Mr Trump says these limited edition cards feature amazing ART of my Life & Career!"
Last month, the billionaire launched his third bid for the White House.
The clip featured an animated version of the former president in front of the Trump Tower in New York, who rips open his shirt to reveal a superhero costume emblazoned with the letter T as lasers shoot from his eyes.
Mr Trump says the non-fungible tokens were very much like a baseball card, but hopefully much more exciting.
He added that the cards, costing $99 each, would make a great Christmas gift.]]>https://api.spreaker.com/episode/52226243Mon, 19 Dec 2022 13:35:23 +0000Africa Business RadioFormer US President Donald Trump has launched a collection of digital trading cards depicting him in various guises including a superhero, astronaut and Nascar driver. Mr Trump says these limited edition cards feature amazing ART of my Life &...Mr Trump says these limited edition cards feature amazing ART of my Life & Career!"
Last month, the billionaire launched his third bid for the White House.
The clip featured an animated version of the former president in front of the Trump Tower in New York, who rips open his shirt to reveal a superhero costume emblazoned with the letter T as lasers shoot from his eyes.
Mr Trump says the non-fungible tokens were very much like a baseball card, but hopefully much more exciting.
He added that the cards, costing $99 each, would make a great Christmas gift.]]>64africa_business_radio,news,nft,trumpcleanfullhttps://www.spreaker.com/episode/us-house-approves-referendum-on-puerto-rico-s-future--52226245The House passed the proposal, dubbed the Puerto Rico Status Act, in a 233-191 vote The proposal calls for a vote in November of next year to resolve Puerto Rico’s political status.
The measure would give Puerto Rican voters a chance to choose between independence, sovereignty in free association with the US or statehood.
The referendum would not include Puerto Rico’s current status as a US commonwealth.]]>https://api.spreaker.com/episode/52226245Mon, 19 Dec 2022 13:33:40 +0000Africa Business RadioThe United States House of Representatives has passed a bill to allow Puerto Rico to vote on a binding referendum on whether to become a state or gain independence – a largely symbolic measure unlikely to pass in the Senate. The House passed the...The House passed the proposal, dubbed the Puerto Rico Status Act, in a 233-191 vote The proposal calls for a vote in November of next year to resolve Puerto Rico’s political status.
The measure would give Puerto Rican voters a chance to choose between independence, sovereignty in free association with the US or statehood.
The referendum would not include Puerto Rico’s current status as a US commonwealth.]]>57africa_business_radio,news,puerto_rico,u.scleanfullhttps://www.spreaker.com/episode/us-lawmakers-considers-restrictions-on-tiktok-over-security-concerns--52226249The US Senate passed a bill earlier that would ban federal workers from using TikTok on government-owned devices, and conservative lawmakers in states such as Georgia have passed similar legislation.
US House of Representatives Speaker Nancy Pelosi signalled that she was receptive to the bill but had not decided whether the House, the second body in the US Congress, would take it up before the expected end of the current congressional session next week.]]>https://api.spreaker.com/episode/52226249Mon, 19 Dec 2022 13:31:55 +0000Africa Business RadioThe United States Congress is considering legislation that would restrict the use of TikTok by government employees over security concerns that user data could be passed along to the Chinese government. The US Senate passed a bill earlier that would...The US Senate passed a bill earlier that would ban federal workers from using TikTok on government-owned devices, and conservative lawmakers in states such as Georgia have passed similar legislation.
US House of Representatives Speaker Nancy Pelosi signalled that she was receptive to the bill but had not decided whether the House, the second body in the US Congress, would take it up before the expected end of the current congressional session next week.]]>57africa_business_radio,news,security,social_media,tiktok,u.scleanfullhttps://www.spreaker.com/episode/zambia-to-ration-power-supply--52226252Lake Kariba is the biggest source of power for both countries but Zimbabwe has already used up its annual water allocation to produce power and was eating into Zambia’s share.
Zambia is now restricted to producing 800MW of power and Zimbabwe 300MW daily.
Water levels have dropped to critical levels at Kariba due to successive droughts with low rainfall and excessive use of water for power generation.
Zambia says it will continue to export power despite the rationing.]]>https://api.spreaker.com/episode/52226252Mon, 19 Dec 2022 13:28:48 +0000Africa Business RadioA large drop in the water levels at Lake Kariba, the key supply for Zambia's hydroelectric power plants, has forced the country to begin rationing power supply. Lake Kariba is the biggest source of power for both countries but Zimbabwe has already...Lake Kariba is the biggest source of power for both countries but Zimbabwe has already used up its annual water allocation to produce power and was eating into Zambia’s share.
Zambia is now restricted to producing 800MW of power and Zimbabwe 300MW daily.
Water levels have dropped to critical levels at Kariba due to successive droughts with low rainfall and excessive use of water for power generation.
Zambia says it will continue to export power despite the rationing.]]>58africa_business_radio,news,power_supply,zambiacleanfullhttps://www.spreaker.com/episode/president-biden-endorses-africa-joining-g20-permanently--52226254He says Africa belongs to the table in every room where challenges are being discussed and in every institution where discussions are taking place.
A member of the National Security Council, Judd Devermont says they need more African voices in international conversations that concern the global economy, democracy and governance, climate change, health and security.
Other topics discussed at the summit, which concludes on Thursday, included investment, trade and energy, among others.]]>https://api.spreaker.com/episode/52226254Mon, 19 Dec 2022 13:24:58 +0000Africa Business RadioUS President, Joe Biden, has announced that he supports the African Union joining the G20 club of nations permanently. He says Africa belongs to the table in every room where challenges are being discussed and in every institution where discussions...He says Africa belongs to the table in every room where challenges are being discussed and in every institution where discussions are taking place.
A member of the National Security Council, Judd Devermont says they need more African voices in international conversations that concern the global economy, democracy and governance, climate change, health and security.
Other topics discussed at the summit, which concludes on Thursday, included investment, trade and energy, among others.]]>55africa,africa_business_radio,g20,news,u.scleanfullhttps://www.spreaker.com/episode/zuma-launches-private-prosecution-against-ramaphosa--52226255The announcement made by the Jacob Zuma Foundation said President Ramaphosa was charged with serious crimes but did not specify the alleged offense.
The foundation says President Cyril Ramaphosa has been charged in a private prosecution with the criminal offense of being accessory after the fact in the crimes committed by among others Advocate Downer namely, breaching the provisions of the [National Prosecuting Authority] NPA Act.
It added that the crimes carry a sentence of 15 years imprisonment.]]>https://api.spreaker.com/episode/52226255Mon, 19 Dec 2022 13:22:35 +0000Africa Business RadioSouth Africa's former President Jacob Zuma says he has launched a private prosecution against his successor Cyril Ramaphosa. The announcement made by the Jacob Zuma Foundation said President Ramaphosa was charged with serious crimes but did not...The announcement made by the Jacob Zuma Foundation said President Ramaphosa was charged with serious crimes but did not specify the alleged offense.
The foundation says President Cyril Ramaphosa has been charged in a private prosecution with the criminal offense of being accessory after the fact in the crimes committed by among others Advocate Downer namely, breaching the provisions of the [National Prosecuting Authority] NPA Act.
It added that the crimes carry a sentence of 15 years imprisonment.]]>58africa_business_radio,news,ramaphosa,south_africa,zumacleanfullhttps://www.spreaker.com/episode/mozambique-approves-local-militias-in-jihadist-fight--52226256Local militias have been assisting the army and its allies from Rwanda and the southern African regional bloc in the fight against jihadists in the province.
Defence Minister Cristovao Chume, admitted that the Mozambican army was not strong enough to tackle jihadist activities alone.
He says there was an urgent need to establish local forces to strengthen the army “in combating and containing the spread of jihadist incursions”.
He says they would protect community settlements and public and private infrastructure, similar to strategies used in other jurisdictions where national security was compromised.]]>https://api.spreaker.com/episode/52226256Mon, 19 Dec 2022 13:20:40 +0000Africa Business RadioMozambique’s parliament has approved a bill legalising the involvement of local forces in the fight against jihadists in the northern Cabo Delgado province. Local militias have been assisting the army and its allies from Rwanda and the southern...Local militias have been assisting the army and its allies from Rwanda and the southern African regional bloc in the fight against jihadists in the province.
Defence Minister Cristovao Chume, admitted that the Mozambican army was not strong enough to tackle jihadist activities alone.
He says there was an urgent need to establish local forces to strengthen the army “in combating and containing the spread of jihadist incursions”.
He says they would protect community settlements and public and private infrastructure, similar to strategies used in other jurisdictions where national security was compromised.]]>63africa_business_radio,jihadist,militant,mozambique,newscleanfullhttps://www.spreaker.com/episode/nigeria-s-tiers-of-government-share-over-n900bn-for-the-month-of-november--52226241From this stated amount, inclusive of Gross Statutory Revenue, Value Added Tax (VAT), Exchange Gain and Electronic Money Transfer Levies (EMTL), the Federal Government received N358.515 billion, the States received N270.836 billion, the Local Government Councils got N204.130 billion, while the Oil producing states received N68.572 billion as derivation, (13% of Mineral Revenue).
The distribution is as follows; Federal Government got N30.426 billion, the States received N101.420 billion, Local Government Councils got N70.994 billion.


]]>https://api.spreaker.com/episode/52226241Mon, 19 Dec 2022 13:18:45 +0000Africa Business RadioThe Federation Account Allocation Committee shared a total sum of N902.053 billion to the three tiers of government, as Federation Allocation for the month of November 2022. From this stated amount, inclusive of Gross Statutory Revenue, Value Added...From this stated amount, inclusive of Gross Statutory Revenue, Value Added Tax (VAT), Exchange Gain and Electronic Money Transfer Levies (EMTL), the Federal Government received N358.515 billion, the States received N270.836 billion, the Local Government Councils got N204.130 billion, while the Oil producing states received N68.572 billion as derivation, (13% of Mineral Revenue).
The distribution is as follows; Federal Government got N30.426 billion, the States received N101.420 billion, Local Government Councils got N70.994 billion.


]]>73africa_business_radio,federal_allocation,news,nigeria,tax,value_added_taxcleanfullhttps://www.spreaker.com/episode/shareholders-approve-dangote-cement-buy-back-shares--52226244The company had stated interest to buy back 10 per cent of its issued shares to improve return on equity and shareholders’ value and facilitate future long-term growth.
The shareholders, who unanimously approved the share buyback through voting at the company’s Extraordinary General Meeting in Lagos, described the exercise as laudable and a win-win situation for them.
The shareholders also authorised the board to amend the Articles of Association of the company to reflect the company’s share capital, following the cancellation (if any) of the shares acquired and/or otherwise held by the company.
]]>https://api.spreaker.com/episode/52226244Mon, 19 Dec 2022 13:15:07 +0000Africa Business RadioShareholders of Dangote Cement unanimously authorised the management of the company to undertake a share buy-back of up to 10 per cent of its issued shares. The company had stated interest to buy back 10 per cent of its issued shares to improve...The company had stated interest to buy back 10 per cent of its issued shares to improve return on equity and shareholders’ value and facilitate future long-term growth.
The shareholders, who unanimously approved the share buyback through voting at the company’s Extraordinary General Meeting in Lagos, described the exercise as laudable and a win-win situation for them.
The shareholders also authorised the board to amend the Articles of Association of the company to reflect the company’s share capital, following the cancellation (if any) of the shares acquired and/or otherwise held by the company.
]]>64africa_business_radio,dangote,news,nigeria,sharescleanfullhttps://www.spreaker.com/episode/nigeria-s-power-sector-owes-n100bn-debt-to-niger-delta-power-holding-company--52226257The NIPP was conceived in 2004 and developed to address the issues of insufficient electric power generation and excessive gas flaring from oil exploration in the Niger Delta region.
Ugbo says that the NDPHC had diversified into renewable energy, as it had installed 20,000 solar home units and plans to add another 100,000 units across the country.
He outlined the 10 thermal plants that were designed under the NIP to include the Ihovbor Power Station Benin, Edo State; Calabar Power Station, Cross River State; Egbema Power Station, Imo State; Gbarain Power Station, Yenagoa, Bayelsa State.]]>https://api.spreaker.com/episode/52226257Mon, 19 Dec 2022 13:13:38 +0000Africa Business RadioThe Managing Director, NDPHC, Chiedu Ogbo, says the indebtedness of the power sector to the Niger Delta Power Holding Company is now over N100bn. The NIPP was conceived in 2004 and developed to address the issues of insufficient electric power...The NIPP was conceived in 2004 and developed to address the issues of insufficient electric power generation and excessive gas flaring from oil exploration in the Niger Delta region.
Ugbo says that the NDPHC had diversified into renewable energy, as it had installed 20,000 solar home units and plans to add another 100,000 units across the country.
He outlined the 10 thermal plants that were designed under the NIP to include the Ihovbor Power Station Benin, Edo State; Calabar Power Station, Cross River State; Egbema Power Station, Imo State; Gbarain Power Station, Yenagoa, Bayelsa State.]]>70africa_business_radio,news,nigeria,power_supplycleanfullhttps://www.spreaker.com/episode/nigeria-s-1-3bn-zungeru-hydropower-to-begin-operations-2023--52226258The agency had closed up the submission of bids from investors on November 24.
The winner of the bid will operate the plant for 30 years before transferring it to the government.
The enterprise says that after the release of the RFQ, it would release a shortlist of prospective investors; the issue of RFQ; evaluation of technical proposals; and shortlist prospective investors for financial bid opening; as well as set a date for the financial bid opening, all within a short timeframe.]]>https://api.spreaker.com/episode/52226258Mon, 19 Dec 2022 13:08:40 +0000Africa Business RadioThe Federal Government will complete the concession of the $1.3bn Zungeru Hydroelectric Power Plant next year and will commence operations by the second quarter of the same year. The agency had closed up the submission of bids from investors on...The agency had closed up the submission of bids from investors on November 24.
The winner of the bid will operate the plant for 30 years before transferring it to the government.
The enterprise says that after the release of the RFQ, it would release a shortlist of prospective investors; the issue of RFQ; evaluation of technical proposals; and shortlist prospective investors for financial bid opening; as well as set a date for the financial bid opening, all within a short timeframe.]]>59africa_business_radio,hydroelectric_power_plant,investment,news,nigeriacleanfullhttps://www.spreaker.com/episode/us-planning-to-send-patriot-air-defence-missiles-to-ukraine--52201728President Joe Biden is likely to announce the move this week, according to unnamed officials.
Ukraine has been requesting further air defence support for some time, as Russian attacks have continued to kill civilians and cause major blackouts.
Patriot is one of the most advanced US air defence systems but supplies to Ukraine are likely to be limited.
]]>https://api.spreaker.com/episode/52201728Fri, 16 Dec 2022 08:35:36 +0000Africa Business RadioUS media reports says the US is planning to send Patriot air defence missiles to Ukraine, President Joe Biden is likely to announce the move this week, according to unnamed officials. Ukraine has been requesting further air defence support for some...President Joe Biden is likely to announce the move this week, according to unnamed officials.
Ukraine has been requesting further air defence support for some time, as Russian attacks have continued to kill civilians and cause major blackouts.
Patriot is one of the most advanced US air defence systems but supplies to Ukraine are likely to be limited.
]]>50africa_business_radio,news,russia,ukraine,u.scleanfullhttps://www.spreaker.com/episode/elon-musk-sells-3-6bn-of-tesla-shares--52201736The shares were sold on Monday, Tuesday, and Wednesday this week, according to a filing with a US financial regulator.
It brings the total of Tesla stocks sold by Mr. Musk over the past year to almost $40bn.
Earlier this week Mr. Musk lost his position as the world's richest person.
Financial market data provider Refinitiv says the reason for the latest share sales has not been disclosed. He remains Tesla's biggest shareholder with a 13.4% stake,]]>https://api.spreaker.com/episode/52201736Fri, 16 Dec 2022 08:33:14 +0000Africa Business RadioMulti-billionaire Elon Musk has sold another 22 million shares, worth $3.58bn (£2.9bn), in the electric car maker Tesla. The shares were sold on Monday, Tuesday, and Wednesday this week, according to a filing with a US financial regulator. It brings...The shares were sold on Monday, Tuesday, and Wednesday this week, according to a filing with a US financial regulator.
It brings the total of Tesla stocks sold by Mr. Musk over the past year to almost $40bn.
Earlier this week Mr. Musk lost his position as the world's richest person.
Financial market data provider Refinitiv says the reason for the latest share sales has not been disclosed. He remains Tesla's biggest shareholder with a 13.4% stake,]]>57africa_business_radio,elon_musk,news,tesla,tesla_shares,twittercleanfullhttps://www.spreaker.com/episode/u-s-federal-reserve-hikes-rates-again-warns-of-more-rises--52201729They agreed to lift the bank's key interest rate by 0.5 percentage points.
That pushed the target range for the Fed's benchmark rate to 4.25% - 4.5% - the highest rate in 15 years. But it was a smaller increase than in recent announcements.
Federal Reserve Chairman Jerome Powell says the bank wanted to slow down to see how the economy is responding to the cumulative impact of the hikes, which have increased the cost of mortgages, car and business loans, and credit card debt.
He however warned that Wednesday's rise was still a historically large increase and we still have some way to go."
]]>https://api.spreaker.com/episode/52201729Fri, 16 Dec 2022 08:30:44 +0000Africa Business RadioThe US central bank has hiked interest rates again, and warned more rises will be necessary to rein in the rapid pace of price increases. They agreed to lift the bank's key interest rate by 0.5 percentage points. That pushed the target range for the...They agreed to lift the bank's key interest rate by 0.5 percentage points.
That pushed the target range for the Fed's benchmark rate to 4.25% - 4.5% - the highest rate in 15 years. But it was a smaller increase than in recent announcements.
Federal Reserve Chairman Jerome Powell says the bank wanted to slow down to see how the economy is responding to the cumulative impact of the hikes, which have increased the cost of mortgages, car and business loans, and credit card debt.
He however warned that Wednesday's rise was still a historically large increase and we still have some way to go."
]]>62africa_business_radio,federal_reserve,interest_rate,news,u.scleanfullhttps://www.spreaker.com/episode/rwanda-president-slaps-down-at-us-pressure-over-rusesabagina--52201731Mr Kagame was asked if the US’s Antony Blinken advocacy on Mr Rusesabagina was helping or hurting his case.
Mr Kagame says that somebody in America wanted the case to be nullified because this person is a celebrity.
The US has stated that Mr Rusesabagina is being “wrongfully detained” in Rwanda.
]]>https://api.spreaker.com/episode/52201731Fri, 16 Dec 2022 08:25:35 +0000Africa Business RadioRwandan President Paul Kagame says nobody is going to bully us when it comes to internal Rwandan affairs, in response to the US request to release government critic Paul Rusesabagina. Mr Kagame was asked if the US’s Antony Blinken advocacy on Mr...Mr Kagame was asked if the US’s Antony Blinken advocacy on Mr Rusesabagina was helping or hurting his case.
Mr Kagame says that somebody in America wanted the case to be nullified because this person is a celebrity.
The US has stated that Mr Rusesabagina is being “wrongfully detained” in Rwanda.
]]>71africa,africa_business_radio,news,rwanda,u.scleanfullhttps://www.spreaker.com/episode/united-nation-records-4-4-million-nigerians-affected-by-flood--52201732The OCHA Flash also noted that at least 2.4 million people were displaced in the country due to flooding.
It also stated that more than half of the displaced persons were residents of Bayelsa State. The report also accounted for the destruction of farmlands and lamented that this may lead to high food insecurity in the country.
The agency advised that Priority humanitarian needs remain shelter, access to clean water and sanitation, food, health care, and interventions to prevent or address disease outbreaks such as cholera.]]>https://api.spreaker.com/episode/52201732Fri, 16 Dec 2022 08:20:37 +0000Africa Business RadioThe United Nations Office for the Coordination of Human Affairs says that over 4.4 million people have been affected by the floods since July 2022. The OCHA Flash also noted that at least 2.4 million people were displaced in the country due to...The OCHA Flash also noted that at least 2.4 million people were displaced in the country due to flooding.
It also stated that more than half of the displaced persons were residents of Bayelsa State. The report also accounted for the destruction of farmlands and lamented that this may lead to high food insecurity in the country.
The agency advised that Priority humanitarian needs remain shelter, access to clean water and sanitation, food, health care, and interventions to prevent or address disease outbreaks such as cholera.]]>116africa_business_radio,flood,human_affairs,news,nigeria,united_nationscleanfullhttps://www.spreaker.com/episode/nigeria-leads-in-yam-production-but-fails-in-yam-exports--52201730It, however, stated that this must be addressed, stressing that it was currently collaborating with relevant stakeholders to resuscitate yam export from Nigeria to boost wealth creation and food security.
The Director of the Federal Department of Agriculture, Abdullahi Abubakar, the permanent secretary says the aim of the meeting was to resuscitate the nation’s consciousness on the export of yam.
]]>https://api.spreaker.com/episode/52201730Fri, 16 Dec 2022 08:15:39 +0000Africa Business RadioThe Federal Government says Nigeria is nowhere in the map of countries that export yam despite being a leading producer of the crop. It, however, stated that this must be addressed, stressing that it was currently collaborating with relevant...It, however, stated that this must be addressed, stressing that it was currently collaborating with relevant stakeholders to resuscitate yam export from Nigeria to boost wealth creation and food security.
The Director of the Federal Department of Agriculture, Abdullahi Abubakar, the permanent secretary says the aim of the meeting was to resuscitate the nation’s consciousness on the export of yam.
]]>61africa_business_radio,agriculture,export_trade,gdp,news,nigeria,yam_productioncleanfullhttps://www.spreaker.com/episode/nigeria-s-crime-commission-recovered-over-n30bn-from-suspended-accountant-general--52201734The Chairman of the Commission, Abdulrasheed Bawa, stated this while appearing at the Ministerial Media Briefing organised by the Presidential Communications Team at the Presidential Villa, Abuja on Thursday.
Idris was nabbed by operatives of the EFCC on May 16, 2022, in connection with a series of frauds that was initially thought to be N84 billion.
The EFCC boss announced that the nationwide auction of forfeited automobiles will be followed by the disposal of over 150 houses to interested buyers.]]>https://api.spreaker.com/episode/52201734Fri, 16 Dec 2022 08:11:23 +0000Africa Business RadioThe Economic and Financial Crimes Commission has disclosed that it has so far recovered over N30 billion out of the N109 billion allegedly siphoned by the suspended Accountant-General of the Federation, Idris Ahmed. The Chairman of the Commission,...The Chairman of the Commission, Abdulrasheed Bawa, stated this while appearing at the Ministerial Media Briefing organised by the Presidential Communications Team at the Presidential Villa, Abuja on Thursday.
Idris was nabbed by operatives of the EFCC on May 16, 2022, in connection with a series of frauds that was initially thought to be N84 billion.
The EFCC boss announced that the nationwide auction of forfeited automobiles will be followed by the disposal of over 150 houses to interested buyers.]]>65africa_business_radio,corruption,efcc,fraud,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-approves-new-whistleblower-bill--52201733It also lamented that the existing whistle-blowing policy launched on December 21, 2016, was losing momentum.
The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, says the Council approved the draft bill to strengthen the fight against corruption and protect whistleblowers that provide helpful information to the FG.]]>https://api.spreaker.com/episode/52201733Fri, 16 Dec 2022 08:05:51 +0000Africa Business RadioThe Federal Government approved a new whistleblower draft bill. It also lamented that the existing whistle-blowing policy launched on December 21, 2016, was losing momentum. The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed,...It also lamented that the existing whistle-blowing policy launched on December 21, 2016, was losing momentum.
The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, says the Council approved the draft bill to strengthen the fight against corruption and protect whistleblowers that provide helpful information to the FG.]]>57africa_business_radio,news,nigeria,tax_holiday,whistle_blowing_policycleanfullhttps://www.spreaker.com/episode/nigerian-banks-reconfigure-atm-s-as-new-naira-enters-circulation--52201737The President unveiled the redesigned notes across the N200, N500 and N1,000 denominations.
The Governor of the Central Bank of Nigeria, Godwin Emefiele, had in October announced that apex bank would release re-designed naira notes by December 15, 2022.
He also disclosed that the old notes would cease to be regarded as legal tender by January 31, 2023. Emefiele pointed out that the redesigning of the naira notes would help to curb counterfeit notes and reduce ransom payments to terrorists and kidnappers.]]>https://api.spreaker.com/episode/52201737Fri, 16 Dec 2022 07:57:27 +0000Africa Business RadioThe newly redesigned naira notes will go into circulation with Deposit Money Banks releasing the bills to their customers via over-the-counter payments. The President unveiled the redesigned notes across the N200, N500 and N1,000 denominations. The...The President unveiled the redesigned notes across the N200, N500 and N1,000 denominations.
The Governor of the Central Bank of Nigeria, Godwin Emefiele, had in October announced that apex bank would release re-designed naira notes by December 15, 2022.
He also disclosed that the old notes would cease to be regarded as legal tender by January 31, 2023. Emefiele pointed out that the redesigning of the naira notes would help to curb counterfeit notes and reduce ransom payments to terrorists and kidnappers.]]>722023_election,africa_business_radio,currency,naira_redesign,news,nigeriacleanfullhttps://www.spreaker.com/episode/uk-chancellor-warns-that-economy-will-get-worse-before-it-gets-better--52184439The economy contracted by 0.3% during the three months as soaring prices hit businesses and households and the UK is forecast to be heading into a recession.
He says these figures confirm that this is a very challenging economic situation here and across the world.
Mr. Hunt says the UK was already in recession while adding that this is expected to be officially confirmed at the beginning of next year when economic figures for October to December are released.
It also means that the government receives less money in tax to spend on public services such as health and education.]]>https://api.spreaker.com/episode/52184439Wed, 14 Dec 2022 13:41:08 +0000Africa Business RadioThe UK economy will get worse before it gets better, Chancellor Jeremy Hunt has said after figures revealed it shrank further between August and October. The economy contracted by 0.3% during the three months as soaring prices hit businesses and...The economy contracted by 0.3% during the three months as soaring prices hit businesses and households and the UK is forecast to be heading into a recession.
He says these figures confirm that this is a very challenging economic situation here and across the world.
Mr. Hunt says the UK was already in recession while adding that this is expected to be officially confirmed at the beginning of next year when economic figures for October to December are released.
It also means that the government receives less money in tax to spend on public services such as health and education.]]>58africa_business_radio,economy,news,recession,u.kcleanfullhttps://www.spreaker.com/episode/ftx-founder-sam-bankman-fried-arrested-in-bahamas--52184444He is scheduled to appear in a magistrates' court in the Caribbean country's capital, Nassau.
Police says Mr Bankman-Fried was arrested for financial offences against laws in the US and The Bahamas.
According to a court filing last month, FTX owed its 50 largest creditors almost $3.1bn.
It is unclear how much people who have funds in the exchange will get back at the end of bankruptcy proceedings - though many experts have warned it may be a small fraction of what they deposited.]]>https://api.spreaker.com/episode/52184444Wed, 14 Dec 2022 13:38:13 +0000Africa Business RadioThe country's attorney general says Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, has been arrested in The Bahamas. He is scheduled to appear in a magistrates' court in the Caribbean country's capital, Nassau. Police says...He is scheduled to appear in a magistrates' court in the Caribbean country's capital, Nassau.
Police says Mr Bankman-Fried was arrested for financial offences against laws in the US and The Bahamas.
According to a court filing last month, FTX owed its 50 largest creditors almost $3.1bn.
It is unclear how much people who have funds in the exchange will get back at the end of bankruptcy proceedings - though many experts have warned it may be a small fraction of what they deposited.]]>42africa_business_radio,crypto_currency,fraud,ftx,news,u.scleanfullhttps://www.spreaker.com/episode/us-imposes-sanctions-on-zimbabwe-president-s-son--52184441It accuses Emmerson Mnangagwa Junior of being linked to the businessman, Kudakwashe Tagwirei, who is already under US sanctions for alleged corruption.
The Treasury Department says over the last five years, Mr Tagwirei has used a combination of opaque business dealings and his ongoing relationship with the president to grow his business empire dramatically and rake in millions of dollars.
President Mnangagwa is already under US sanctions.
The Treasury Department urged Zimbabwe's government to address what it called the root causes of many of the country's ills, including corrupt elites abusing institutions for their personal benefit.]]>https://api.spreaker.com/episode/52184441Wed, 14 Dec 2022 13:36:12 +0000Africa Business RadioThe US has imposed financial sanctions on four Zimbabweans, including the son of President Emmerson Mnangagwa. It accuses Emmerson Mnangagwa Junior of being linked to the businessman, Kudakwashe Tagwirei, who is already under US sanctions for alleged...It accuses Emmerson Mnangagwa Junior of being linked to the businessman, Kudakwashe Tagwirei, who is already under US sanctions for alleged corruption.
The Treasury Department says over the last five years, Mr Tagwirei has used a combination of opaque business dealings and his ongoing relationship with the president to grow his business empire dramatically and rake in millions of dollars.
President Mnangagwa is already under US sanctions.
The Treasury Department urged Zimbabwe's government to address what it called the root causes of many of the country's ills, including corrupt elites abusing institutions for their personal benefit.]]>65africa,africa_business_radio,corruption,news,u.s,zimbabwecleanfullhttps://www.spreaker.com/episode/nigerians-abroad-can-return-with-expired-passports--52184440The memo which was signed by the Special Assistant to the Comptroller General (Foreign Desk), DCI BM Lawal for the Comptroller-General of the Immigration Service, Muhammed Babandede, all airlines were requested to allow holders with expired Nigerian passport to board without any hindrance.
The Comptroller General of Nigeria Immigration Service and notify all relevant authorities that the Federal government of Nigeria has approved that Nigerians returning home can be admitted into the country with their expired Nigerian passports.]]>https://api.spreaker.com/episode/52184440Wed, 14 Dec 2022 13:33:41 +0000Africa Business RadioThe Nigeria Immigration Service announced that Nigerians returning to Nigeria can be admitted into the country with their expired Nigerian passport. The memo which was signed by the Special Assistant to the Comptroller General (Foreign Desk), DCI BM...The memo which was signed by the Special Assistant to the Comptroller General (Foreign Desk), DCI BM Lawal for the Comptroller-General of the Immigration Service, Muhammed Babandede, all airlines were requested to allow holders with expired Nigerian passport to board without any hindrance.
The Comptroller General of Nigeria Immigration Service and notify all relevant authorities that the Federal government of Nigeria has approved that Nigerians returning home can be admitted into the country with their expired Nigerian passports.]]>56africa_business_radio,news,nigeria,visacleanfullhttps://www.spreaker.com/episode/central-bank-of-nigeria-disburses-n10tn-to-manufacturers--52184445She urged beneficiaries of the CBN loans to pay back to enable others to benefit from the interventions.
She says the efforts and interventions of the CBN have ushered in a lot of growth and impact. It helped us combat extreme poverty, food insecurity and grow the agricultural sector and manufacturing base.]]>https://api.spreaker.com/episode/52184445Wed, 14 Dec 2022 13:31:54 +0000Africa Business RadioThe Deputy Governor of the Financial System Stability Directorate of the Central Bank of Nigeria, Aishah Ahmad, has expressed concerns over the poor repayment of loans provided by the bank, which she noted might affect the sustainability of the bank’s...She urged beneficiaries of the CBN loans to pay back to enable others to benefit from the interventions.
She says the efforts and interventions of the CBN have ushered in a lot of growth and impact. It helped us combat extreme poverty, food insecurity and grow the agricultural sector and manufacturing base.]]>55africa_business_radio,central_bank,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-to-take-decision-on-cbn-s-cash-withdrawal-limit--52184442Senator Uroghide says that the upper legislative chamber is waiting for a recommendation from its committee that was asked to look into the matter.
The Chairman of the Public Accounts Committee of the Senate says they are waiting for the committee to report back this week on their findings on whatever contributions that were made by those two directors that were screened by the committee for confirmation of appointment.
The lawmaker added that the Edo lawmaker said that if the move is not meeting the aspirations of the people, the legislators will review it.]]>https://api.spreaker.com/episode/52184442Wed, 14 Dec 2022 13:29:34 +0000Africa Business RadioSenator Matthew Urhoghide says the upper chamber has not taken any decision on the cash withdrawal limit recently announced by the Central Bank of Nigeria. Senator Uroghide says that the upper legislative chamber is waiting for a recommendation from...Senator Uroghide says that the upper legislative chamber is waiting for a recommendation from its committee that was asked to look into the matter.
The Chairman of the Public Accounts Committee of the Senate says they are waiting for the committee to report back this week on their findings on whatever contributions that were made by those two directors that were screened by the committee for confirmation of appointment.
The lawmaker added that the Edo lawmaker said that if the move is not meeting the aspirations of the people, the legislators will review it.]]>58africa_business_radio,cash_withdrawal_limit,central_bank,news,nigeria,nigerian_lawmakerscleanfullhttps://www.spreaker.com/episode/nigerian-government-suspends-covid-19-tests-for-travellers--52184443The Secretary to the Government of the Federation and Chairman of the Presidential Steering Committee on COVID-19 (PSC), Boss Mustapha says President Muhammadu Buhari’s approval follows the recommendations of the PSC based on clinical and laboratory evidence of a sustained reduction in COVID-19 infection/transmission across the country.
He says appeals to Nigerians to ensure that they take their COVID-19 vaccinations as well as booster doses.]]>https://api.spreaker.com/episode/52184443Wed, 14 Dec 2022 13:24:57 +0000Africa Business RadioThe Federal Government has approved the immediate relaxation of the COVID-19 safety measures and travel advisory, including the suspension of all pre-departure, pre-boarding, and post-arrival PCR test requirements. The Secretary to the Government of...The Secretary to the Government of the Federation and Chairman of the Presidential Steering Committee on COVID-19 (PSC), Boss Mustapha says President Muhammadu Buhari’s approval follows the recommendations of the PSC based on clinical and laboratory evidence of a sustained reduction in COVID-19 infection/transmission across the country.
He says appeals to Nigerians to ensure that they take their COVID-19 vaccinations as well as booster doses.]]>61africa_business_radio,covid_test,news,nigeriacleanfullhttps://www.spreaker.com/episode/taiwan-premier-slams-china-over-fresh-import-bans--52161403Taiwan’s finance ministry, says Chinese customs authorities suddenly suspended imports of certain alcoholic beverages from the island on Friday.
It says the move was related to a regulation Beijing imposed on January 1 that requires all food and alcoholic beverage exporters to the mainland to be registered with Chinese customs. Some Taiwanese companies had still been under review.
Premier Su Tseng-chang accused Beijing of violating World Trade Organisation norms by making its own rules and meddling in trade through administrative means.]]>https://api.spreaker.com/episode/52161403Mon, 12 Dec 2022 14:08:01 +0000Africa Business RadioTaiwan’s premier accused China of violating international trade rules and discriminating against the island after it halted more Taiwanese imports. Taiwan’s finance ministry, says Chinese customs authorities suddenly suspended imports of certain...Taiwan’s finance ministry, says Chinese customs authorities suddenly suspended imports of certain alcoholic beverages from the island on Friday.
It says the move was related to a regulation Beijing imposed on January 1 that requires all food and alcoholic beverage exporters to the mainland to be registered with Chinese customs. Some Taiwanese companies had still been under review.
Premier Su Tseng-chang accused Beijing of violating World Trade Organisation norms by making its own rules and meddling in trade through administrative means.]]>64africa_business_radio,china,import_ban,news,taiwan,trade_bancleanfullhttps://www.spreaker.com/episode/taiwan-asks-state-banks-to-appropriately-handle-china-exposure--52161408Taiwan’s financial regulator earlier said that Taiwanese banks’ exposure to China had hit their lowest-ever level, at a time when China has been pressuring the self-ruled island militarily and diplomatically to accept Beijing’s sovereignty.
Su says State-owned banks have already been required to actively handle their China exposure appropriately.”
Taiwan’s big state-owned banks include Bank of Taiwan, Taiwan Cooperative Bank Ltd, and Land Bank of Taiwan Co Ltd.]]>https://api.spreaker.com/episode/52161408Mon, 12 Dec 2022 14:06:50 +0000Africa Business RadioFinance Minister Su Jain-rong says Taiwan has asked state-owned banks to appropriately handle their exposure to China, amid trade and political tensions between Taipei and Beijing. Taiwan’s financial regulator earlier said that Taiwanese banks’...Taiwan’s financial regulator earlier said that Taiwanese banks’ exposure to China had hit their lowest-ever level, at a time when China has been pressuring the self-ruled island militarily and diplomatically to accept Beijing’s sovereignty.
Su says State-owned banks have already been required to actively handle their China exposure appropriately.”
Taiwan’s big state-owned banks include Bank of Taiwan, Taiwan Cooperative Bank Ltd, and Land Bank of Taiwan Co Ltd.]]>61africa_business_radio,china,news,taiwancleanfullhttps://www.spreaker.com/episode/wto-says-trump-s-us-steel-tariffs-broke-global-trade-rules--52161406The WTO rebuffed that argument, saying the duties did not come at a time of war or another emergency.
Assistant US trade representative Adam Hodge says the US strongly rejects the ruling and has no intention of removing the measures.
He says the Biden administration is committed to preserving US national security by ensuring the long-term viability of our steel and aluminum industries adding that the reports only reinforce the need to fundamentally reform the WTO dispute settlement system.]]>https://api.spreaker.com/episode/52161406Mon, 12 Dec 2022 14:05:32 +0000Africa Business RadioThe World Trade Organization has found that tariffs on steel and aluminum imports that were imposed by the US under former President Donald Trump violate global trade rules. The WTO rebuffed that argument, saying the duties did not come at a time of...The WTO rebuffed that argument, saying the duties did not come at a time of war or another emergency.
Assistant US trade representative Adam Hodge says the US strongly rejects the ruling and has no intention of removing the measures.
He says the Biden administration is committed to preserving US national security by ensuring the long-term viability of our steel and aluminum industries adding that the reports only reinforce the need to fundamentally reform the WTO dispute settlement system.]]>61africa_business_radio,global_trade_rules,news,steel,tariff,wtocleanfullhttps://www.spreaker.com/episode/u-k-s-national-grid-puts-coal-plants-on-standby-to-supply-electricity--52161484The company says it had asked power station operator Drax to prepare two coal-fire units for use.
National Grid says that while the two plants will not necessarily be used, this measure should give the public confidence in Monday's energy supply.
The UK receives electricity via subsea cables from European countries including France, Norway, Belgium and the Netherlands.
National Grid says it has these tools for an additional contingency to operate the network as normal and the public should continue to use energy as normal.]]>https://api.spreaker.com/episode/52161484Mon, 12 Dec 2022 14:02:15 +0000Africa Business RadioNational Grid has ordered two coal plants to begin warming up in case electricity supplies to the UK are disrupted because of the cold weather. The company says it had asked power station operator Drax to prepare two coal-fire units for use....The company says it had asked power station operator Drax to prepare two coal-fire units for use.
National Grid says that while the two plants will not necessarily be used, this measure should give the public confidence in Monday's energy supply.
The UK receives electricity via subsea cables from European countries including France, Norway, Belgium and the Netherlands.
National Grid says it has these tools for an additional contingency to operate the network as normal and the public should continue to use energy as normal.]]>61africa_business_radio,electricity,national_grid,news,u.kcleanfullhttps://www.spreaker.com/episode/twitter-s-paid-blue-tick-re-launches-after-pause--52161485It is still $8 per month - but there is now an increased fee of $11 for those using the Twitter app on Apple devices.
Twitter's owner Elon Musk has previously said in tweets that he resents the commission fee Apple charges on in-app purchases.
Twitter Blue's additional features include an edit button.
Blue-tick subscribers will also see fewer ads, have their tweets amplified above others, and be able to post and view longer, better-quality videos.]]>https://api.spreaker.com/episode/52161485Mon, 12 Dec 2022 13:58:20 +0000Africa Business RadioTwitter's paid-for verification feature is rolling out once again on Monday. It was paused last month after being swamped by impersonators. It is still $8 per month - but there is now an increased fee of $11 for those using the Twitter app on Apple...It is still $8 per month - but there is now an increased fee of $11 for those using the Twitter app on Apple devices.
Twitter's owner Elon Musk has previously said in tweets that he resents the commission fee Apple charges on in-app purchases.
Twitter Blue's additional features include an edit button.
Blue-tick subscribers will also see fewer ads, have their tweets amplified above others, and be able to post and view longer, better-quality videos.]]>59africa_business_radio,elon_musk,news,twittercleanfullhttps://www.spreaker.com/episode/rwanda-nepal-to-sign-air-service-agreement--52161409The agreement will be under the liberal skies policy which Nepal has adopted.
It includes a provision for code sharing, such as third-country code share, where airlines of both countries can partner with other airlines to facilitate services to each other's markets.
Mukesh Dangol, an official at the Tourism Ministry of Nepal, says that this follows a proposal from Rwanda Civil Aviation Industry to establish air links between both countries to strengthen tourism and trade.]]>https://api.spreaker.com/episode/52161409Mon, 12 Dec 2022 13:52:35 +0000Africa Business RadioRwanda and Nepal are expected to sign an air service agreement to operate flights connecting both countries. The agreement will be under the liberal skies policy which Nepal has adopted. It includes a provision for code sharing, such as...The agreement will be under the liberal skies policy which Nepal has adopted.
It includes a provision for code sharing, such as third-country code share, where airlines of both countries can partner with other airlines to facilitate services to each other's markets.
Mukesh Dangol, an official at the Tourism Ministry of Nepal, says that this follows a proposal from Rwanda Civil Aviation Industry to establish air links between both countries to strengthen tourism and trade.]]>56africa,africa_business_radio,business,nepal,news,rwandacleanfullhttps://www.spreaker.com/episode/new-south-african-bans-gambling-trading-on-new-train--52161407The agency says Preaching, gambling, and trading in these trains are no longer permitted.
The agency added that abusing Prasa personnel and playing in the passageways or blocking them will also be a thing of the past.]]>https://api.spreaker.com/episode/52161407Mon, 12 Dec 2022 13:49:47 +0000Africa Business RadioThe South African rail agency and the Department of Transport recently launched new trains to revive the rail system that almost collapsed following vandalism, arson, and the theft of railway lines and cables. The agency says Preaching, gambling, and...The agency says Preaching, gambling, and trading in these trains are no longer permitted.
The agency added that abusing Prasa personnel and playing in the passageways or blocking them will also be a thing of the past.]]>47africa,africa_business_radio,news,south_africa,transportationcleanfullhttps://www.spreaker.com/episode/nigerian-government-to-earn-3bn-annually-from-hibiscus-export-to-mexico--52161402Isegbe, noted that the framework was designed to future-proof bilateral trade in hibiscus between Nigeria and the largest importer of Nigerian hibiscus against avoidable disruptions.
Isegbe pointed out that agro-export intensification will boost the country's overall agricultural productivity, generate sustainable wealth, and improve household incomes among the large swath of the 70 per cent population that is engaged in agriculture and agro-allied industries.]]>https://api.spreaker.com/episode/52161402Mon, 12 Dec 2022 13:48:23 +0000Africa Business RadioThe Comptroller General, of Nigeria Agricultural Quarantine Service, Dr. Vincent Isegbe, says the country is expected to earn about $3 billion annually from hibiscus exports to Mexico. Isegbe, noted that the framework was designed to future-proof...Isegbe, noted that the framework was designed to future-proof bilateral trade in hibiscus between Nigeria and the largest importer of Nigerian hibiscus against avoidable disruptions.
Isegbe pointed out that agro-export intensification will boost the country's overall agricultural productivity, generate sustainable wealth, and improve household incomes among the large swath of the 70 per cent population that is engaged in agriculture and agro-allied industries.]]>61africa_business_radio,agriculture,export,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-debt-servicing-to-gulp-123-of-2023-revenue--52161405A presentation by the new World Bank Lead Economist for Nigeria, Alex Sienaert, projected that debt servicing would gulp 100.2 percent of Federal Government revenue by the end of 2022.
The Washington-based bank says that Nigeria’s debt service to revenue ratio could stand at 102.3 percent by the end of 2022.
It described the public debt in Nigeria as concerning due to the rising debt service-to-revenue ratio.]]>https://api.spreaker.com/episode/52161405Mon, 12 Dec 2022 13:44:57 +0000Africa Business RadioThe World Bank has projected that debt servicing will gulp 123.4 percent of the Federal Government’s revenue in 2023. A presentation by the new World Bank Lead Economist for Nigeria, Alex Sienaert, projected that debt servicing would gulp 100.2...A presentation by the new World Bank Lead Economist for Nigeria, Alex Sienaert, projected that debt servicing would gulp 100.2 percent of Federal Government revenue by the end of 2022.
The Washington-based bank says that Nigeria’s debt service to revenue ratio could stand at 102.3 percent by the end of 2022.
It described the public debt in Nigeria as concerning due to the rising debt service-to-revenue ratio.]]>562023_revenue,africa_business_radio,debt_service,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-central-bank-withdrawal-limits-to-cripple-campaign-funding--52161486Parties including the Peoples Democratic Party, Social Democratic Party, Africa Democratic Congress and African Democratic Party contended that the policy would affect the fundraising required by the candidates to sustain their campaigns ahead of the 2023 elections.
Governor Ahmadu Fintiri of Adamawa State had accused the CBN Governor, Godwin Emefiele, of targeting the political class with the new cash withdrawal limit which restricts over-the-counter cash withdrawal by individuals and companies to N100,000 and N500,000, respectively, per week.
The CBN’s Director of Banking Supervision, Haruna Mustafa, says withdrawals above the thresholds would attract processing fees of five per cent and 10 per cent, respectively, for individuals and corporate entities going forward.]]>https://api.spreaker.com/episode/52161486Mon, 12 Dec 2022 13:41:05 +0000Africa Business RadioPolitical parties have kicked against the new cash withdrawal limits introduced by the Central Bank of Nigeria, stating that it could choke the political process. Parties including the Peoples Democratic Party, Social Democratic Party, Africa...Parties including the Peoples Democratic Party, Social Democratic Party, Africa Democratic Congress and African Democratic Party contended that the policy would affect the fundraising required by the candidates to sustain their campaigns ahead of the 2023 elections.
Governor Ahmadu Fintiri of Adamawa State had accused the CBN Governor, Godwin Emefiele, of targeting the political class with the new cash withdrawal limit which restricts over-the-counter cash withdrawal by individuals and companies to N100,000 and N500,000, respectively, per week.
The CBN’s Director of Banking Supervision, Haruna Mustafa, says withdrawals above the thresholds would attract processing fees of five per cent and 10 per cent, respectively, for individuals and corporate entities going forward.]]>77africa_business_radio,campaign_fund,central_bank,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-presidential-candidate-discuss-plans-for-reform--52161489The PDP running mate says he will quell separatist agitations in the South-East through negotiation and restructuring.
Okowa says strategic inclusion in security architecture is important to give South-Easterners a feeling of being part of the nation.
Atiku says he won’t scrap security votes for governors and others but will rather advocate accountability for security votes, insisting that government officials must not expend security votes the way they liked.]]>https://api.spreaker.com/episode/52161489Mon, 12 Dec 2022 13:18:33 +0000Africa Business RadioThe presidential candidate of the Peoples Democratic Party, Atiku Abubakar; and his running mate, Governor Ifeanyi Okowa disclosed some of their plans to solve Nigeria’s major challenges if elected in 2023. The PDP running mate says he will quell...The PDP running mate says he will quell separatist agitations in the South-East through negotiation and restructuring.
Okowa says strategic inclusion in security architecture is important to give South-Easterners a feeling of being part of the nation.
Atiku says he won’t scrap security votes for governors and others but will rather advocate accountability for security votes, insisting that government officials must not expend security votes the way they liked.]]>622023_election,africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/uk-aims-to-double-us-gas-imports-under-new-deal--52137022Prime Minister Rishi Sunak says the plan would bring down prices for British consumers and help end Europe's dependence on Russian energy".
The UK does not import gas from Russia directly but has been hit by rising wholesale prices on the Continent.
The UK aims to double imports of liquefied natural gas from the US to 9-10 billion cubic meters over the next year.
The two countries will also boost collaboration over the development of new nuclear and green energy technologies.]]>https://api.spreaker.com/episode/52137022Fri, 09 Dec 2022 08:24:30 +0000Africa Business RadioThe UK has agreed to double imports of US gas over the next year as it tries to stabilize soaring energy prices. Prime Minister Rishi Sunak says the plan would bring down prices for British consumers and help end Europe's dependence on Russian...Prime Minister Rishi Sunak says the plan would bring down prices for British consumers and help end Europe's dependence on Russian energy".
The UK does not import gas from Russia directly but has been hit by rising wholesale prices on the Continent.
The UK aims to double imports of liquefied natural gas from the US to 9-10 billion cubic meters over the next year.
The two countries will also boost collaboration over the development of new nuclear and green energy technologies.]]>68africa_business_radio,natural_gas,news,russia,u.k,ukrainecleanfullhttps://www.spreaker.com/episode/malaria-deaths-stabilise-amid-concerns-about-treatment--52137043The WHO however warned of new challenges including mosquito resistance to insecticides and parasite resistance to drugs used to treat malaria.
Despite the ongoing disruption to health services caused by Covid-19, malaria deaths fell last year by 6,000, to 619,000.
The WHO says the relatively good results are due to countries strengthening their response to malaria prevention, testing, and treatment.]]>https://api.spreaker.com/episode/52137043Fri, 09 Dec 2022 08:21:19 +0000Africa Business RadioThe World Health Organization says that malaria cases and deaths remained stable last year, after a worrying rise during the first year of the Covid pandemic. The WHO however warned of new challenges including mosquito resistance to insecticides and...The WHO however warned of new challenges including mosquito resistance to insecticides and parasite resistance to drugs used to treat malaria.
Despite the ongoing disruption to health services caused by Covid-19, malaria deaths fell last year by 6,000, to 619,000.
The WHO says the relatively good results are due to countries strengthening their response to malaria prevention, testing, and treatment.]]>62africa,africa_business_radio,malaria,news,whocleanfullhttps://www.spreaker.com/episode/ethiopia-party-calls-for-arming-of-oromia-civilians--52137029Ezema is one of the main opposition parties that agreed to work with the government, and its leader, Prof Berhanu Nega is the minister of education.
Its call follows attacks that have claimed the lives of hundreds of civilians, destroyed property, and displaced millions in western Oromia.
The spokesman of the rebel Tigray People's Liberation Front in northern Ethiopia, Getachew Reda, in a Twitter post accused federal authorities of fanning the conflict in Oromia.]]>https://api.spreaker.com/episode/52137029Fri, 09 Dec 2022 08:19:48 +0000Africa Business RadioA prominent Ethiopian opposition party, Ethiopian Citizens for Social Justice has called on the government to arm civilians so that they can defend themselves from attacks by rebels of the Oromo Liberation Army in the Oromia region. Ezema is one of...Ezema is one of the main opposition parties that agreed to work with the government, and its leader, Prof Berhanu Nega is the minister of education.
Its call follows attacks that have claimed the lives of hundreds of civilians, destroyed property, and displaced millions in western Oromia.
The spokesman of the rebel Tigray People's Liberation Front in northern Ethiopia, Getachew Reda, in a Twitter post accused federal authorities of fanning the conflict in Oromia.]]>61africa,africa_business_radio,ethiopia,news,oromia,warcleanfullhttps://www.spreaker.com/episode/ebola-vaccines-arrive-in-uganda-for-trials--52137027The country has confirmed 142 cases of the Sudan strain, with 56 deaths, since it announced an outbreak of Ebola in September.
The vaccine will be administered to people who have been in contact with those who tested positive for the virus, in what is called ring vaccination.
Researchers hope to recruit at least 3,000 people, aged six years and above, to take part in the study, which will be conducted by a team of Ugandan scientists.]]>https://api.spreaker.com/episode/52137027Fri, 09 Dec 2022 08:18:25 +0000Africa Business RadioUganda has received 1,200 experimental vaccine doses designed to work against the Sudan strain of the Ebola virus that will be used in scientific trials. The country has confirmed 142 cases of the Sudan strain, with 56 deaths, since it announced an...The country has confirmed 142 cases of the Sudan strain, with 56 deaths, since it announced an outbreak of Ebola in September.
The vaccine will be administered to people who have been in contact with those who tested positive for the virus, in what is called ring vaccination.
Researchers hope to recruit at least 3,000 people, aged six years and above, to take part in the study, which will be conducted by a team of Ugandan scientists.]]>61africa,africa_business_radio,ebola_vaccine,health,news,ugandacleanfullhttps://www.spreaker.com/episode/un-reports-over-130-civilians-killed-by-dr-congo-rebels--52137044It says investigations have confirmed the deaths of the civilians in two villages - Kishishe and Bambo - in the Rutsuhuru district of North Kivu province.
The UN says the victims were executed in what appears to be a reprisal to the current government offensive.
It says the violence was carried out as part of a campaign of murders, rapes, kidnappings and looting against two villages in the Rutshuru territory as reprisals for the clashes between the M23" and other groups.]]>https://api.spreaker.com/episode/52137044Fri, 09 Dec 2022 08:16:37 +0000Africa Business RadioA UN investigation has found that at least 131 people were killed at the end of November in the eastern Democratic Republic of Congo at the hands of the M23 rebel group. It says investigations have confirmed the deaths of the civilians in two...It says investigations have confirmed the deaths of the civilians in two villages - Kishishe and Bambo - in the Rutsuhuru district of North Kivu province.
The UN says the victims were executed in what appears to be a reprisal to the current government offensive.
It says the violence was carried out as part of a campaign of murders, rapes, kidnappings and looting against two villages in the Rutshuru territory as reprisals for the clashes between the M23" and other groups.]]>68africa,africa_business_radio,dr_congo,news,rebels,uncleanfullhttps://www.spreaker.com/episode/african-continental-free-trade-targets-12bn-trade-in-four-years--52137028They said that the agreement could also reduce trade costs by 20 percent by facilitating the enactment of an omnibus bill on the AfCFTA.
The manual also said that the agreement would execute trade facilitation and infrastructure programs to improve competitiveness.
The manual also described plans to grow the production capacity of Nigeria’s top imports to protect the domestic market, noting that AfCFTA was poised to capture 10 percent of its global imports to double Nigeria’s export revenue by 2035.
The Senior Adviser, United Nations Economic Commission for Africa, Adeyinka Adeyemi, says that the principle for success lay in strategy.]]>https://api.spreaker.com/episode/52137028Fri, 09 Dec 2022 08:15:22 +0000Africa Business RadioPromoters of the African Continental Free Trade have said that the agreement has the potential to grow trade value in Nigeria to the tune of $12bn between 2023 and 2027. They said that the agreement could also reduce trade costs by 20 percent by...They said that the agreement could also reduce trade costs by 20 percent by facilitating the enactment of an omnibus bill on the AfCFTA.
The manual also said that the agreement would execute trade facilitation and infrastructure programs to improve competitiveness.
The manual also described plans to grow the production capacity of Nigeria’s top imports to protect the domestic market, noting that AfCFTA was poised to capture 10 percent of its global imports to double Nigeria’s export revenue by 2035.
The Senior Adviser, United Nations Economic Commission for Africa, Adeyinka Adeyemi, says that the principle for success lay in strategy.]]>84africa,africa_business_radio,business,free_trade,investment,news,nigeriacleanfullhttps://www.spreaker.com/episode/labour-party-eyes-n80-000-n100-000-minimum-wage--52137024The party’s Deputy National Chairman Ayo Olorunfemi said the LP is looking at implementing a new minimum wage of between N80,000-N100,000 as against the N30,000 obtainable presently.
He says the present N30,000 minimum wage does not reflect the realities, adding that the Labour Party would pluck holes and exploit new ways to ensure the new wage structure is implemented if the party wins next year’s polls.]]>https://api.spreaker.com/episode/52137024Fri, 09 Dec 2022 08:13:04 +0000Africa Business RadioThe Labour Party says it would implement a minimum wage of N80,000-N100,000 if the party wins next year’s presidential election. The party’s Deputy National Chairman Ayo Olorunfemi said the LP is looking at implementing a new minimum wage of between...The party’s Deputy National Chairman Ayo Olorunfemi said the LP is looking at implementing a new minimum wage of between N80,000-N100,000 as against the N30,000 obtainable presently.
He says the present N30,000 minimum wage does not reflect the realities, adding that the Labour Party would pluck holes and exploit new ways to ensure the new wage structure is implemented if the party wins next year’s polls.]]>732023_election,africa_business_radio,labour_party,minimum_wage,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-recovers-n120bn-from-proceeds-of-crime--52137026It says the fund would be deployed for the construction of major highways, adding that the administration’s fight against corruption was very much on track.
The Minister of Information and Culture, Lai Mohammed, disclosed this at the 8th edition of the ‘PMB Administration Scorecard Series (2015-2023)’, where the Minister of Environment made a presentation on achievements by the environment ministry.]]>https://api.spreaker.com/episode/52137026Fri, 09 Dec 2022 08:10:40 +0000Africa Business RadioThe Federal Government says it had recovered over N120bn from the proceeds of crime following the implementation of the Proceeds of Crime (Recovery and Management) Act, 2022. It says the fund would be deployed for the construction of major highways,...It says the fund would be deployed for the construction of major highways, adding that the administration’s fight against corruption was very much on track.
The Minister of Information and Culture, Lai Mohammed, disclosed this at the 8th edition of the ‘PMB Administration Scorecard Series (2015-2023)’, where the Minister of Environment made a presentation on achievements by the environment ministry.]]>58africa_business_radio,crime_procceds,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-summon-emefiele-over-cash-withdrawal-limits--52137025The House summoned the Governor of the CBN, Godwin Emefiele, to come and explain the policy to the parliament.
This is based on a motion of urgent public importance moved by a member of the House, Aliyu Magaji, at the plenary on Thursday. Several lawmakers warned that the policy would have serious consequences and adverse effects on businesses and Nigerians who have no access to the banking system.]]>https://api.spreaker.com/episode/52137025Fri, 09 Dec 2022 08:09:16 +0000Africa Business RadioThe House of Representatives has criticized the new policy introduced by the Central Bank of Nigeria which, among others, sets limits to cash withdrawals at Deposit Money Banks and other financial institutions. The House summoned the Governor of the...The House summoned the Governor of the CBN, Godwin Emefiele, to come and explain the policy to the parliament.
This is based on a motion of urgent public importance moved by a member of the House, Aliyu Magaji, at the plenary on Thursday. Several lawmakers warned that the policy would have serious consequences and adverse effects on businesses and Nigerians who have no access to the banking system.]]>60africa_business_radio,apex_bank,cash_withdrawal_limit,news,nigeriacleanfullhttps://www.spreaker.com/episode/49-african-leaders-to-attend-us-africa-leaders-summit--52137045The summit, scheduled for 13-15 December 2022, will take place in Washington DC, the US capital.
Biden believes that U.S. collaboration with African leaders, as well as civil society, business, diaspora, women, and youth leaders, is essential to address these shared challenges.
The goal of this historic summit will be to build and expand vital political, economic, and strategic partnerships, as well as people-to-people dialogue, based on mutual interests and shared priorities in Africa.]]>https://api.spreaker.com/episode/52137045Fri, 09 Dec 2022 08:06:53 +0000Africa Business RadioPresident of the United States of America, Joe Biden, has invited 49 African heads of state and the head of the African Union for a three-day US-Africa Leaders Summit. The summit, scheduled for 13-15 December 2022, will take place in Washington DC,...The summit, scheduled for 13-15 December 2022, will take place in Washington DC, the US capital.
Biden believes that U.S. collaboration with African leaders, as well as civil society, business, diaspora, women, and youth leaders, is essential to address these shared challenges.
The goal of this historic summit will be to build and expand vital political, economic, and strategic partnerships, as well as people-to-people dialogue, based on mutual interests and shared priorities in Africa.]]>68africa,africa_business_radio,biden,nigeria,u.s,u.s_africa_summitcleanfullhttps://www.spreaker.com/episode/indonesia-passes-new-criminal-code-outlaws-sex-outside-marriage--52119538The new laws apply to Indonesians and foreigners and also restore a ban on insulting the president, state institutions or Indonesia’s national ideology known as Pancasila.
The new criminal code replaces a framework that had been in use since independence in 1946 and was a mix of Dutch law, customary law known as hukum adat, and modern Indonesian law.]]>https://api.spreaker.com/episode/52119538Wed, 07 Dec 2022 13:05:30 +0000Africa Business RadioIndonesia has passed a controversial new Criminal Code that includes outlawing sex outside marriage and cohabitation, in changes that critics contend could undermine freedoms in the Southeast Asian nation. The new laws apply to Indonesians and...The new laws apply to Indonesians and foreigners and also restore a ban on insulting the president, state institutions or Indonesia’s national ideology known as Pancasila.
The new criminal code replaces a framework that had been in use since independence in 1946 and was a mix of Dutch law, customary law known as hukum adat, and modern Indonesian law.]]>60africa_business_radio,criminal_code,indonesia,newscleanfullhttps://www.spreaker.com/episode/dr-congo-s-miner-glencore-pays-180m-in-latest-corruption-case--52119581The agreement covers an 11-year period from 2007 to 2018.
It is the latest in a series of corruption cases that has seen Glencore agree to pay out more than $1.6bn in fines this year.
In May it admitted to bribing officials in several African nations including DR Congo (DRC).
It followed an investigation by American, British and Brazilian authorities that also covered corruption claims in Latin America.]]>https://api.spreaker.com/episode/52119581Wed, 07 Dec 2022 13:04:13 +0000Africa Business RadioThe Swiss-based mining company, Glencore, says it will pay $180m to the Democratic Republic of Congo to settle corruption claims. The agreement covers an 11-year period from 2007 to 2018. It is the latest in a series of corruption cases that has...The agreement covers an 11-year period from 2007 to 2018.
It is the latest in a series of corruption cases that has seen Glencore agree to pay out more than $1.6bn in fines this year.
In May it admitted to bribing officials in several African nations including DR Congo (DRC).
It followed an investigation by American, British and Brazilian authorities that also covered corruption claims in Latin America.]]>59africa,africa_business_radio,corruption,dr_congo,newscleanfullhttps://www.spreaker.com/episode/meta-threatens-to-remove-us-news-content-if-new-law-passes--52119582It objects to a new law that would give news organizations greater power to negotiate fees for the content shared on Facebook.
Meta claims their platform, in fact, provides increased traffic to struggling news outlets.
It says publishers put their content on Facebook because "it benefits their bottom line."
The legislation, known as the Journalism Competition and Preservation Act (JCPA) was introduced in Congress by Minnesota Senator Amy Klobuchar and has bipartisan support.
Media companies argue that Meta generates huge sums of money from news articles shared on the platform.]]>https://api.spreaker.com/episode/52119582Wed, 07 Dec 2022 13:00:34 +0000Africa Business RadioMeta has threatened to remove news content from Facebook in the US. It objects to a new law that would give news organizations greater power to negotiate fees for the content shared on Facebook. Meta claims their platform, in fact, provides...It objects to a new law that would give news organizations greater power to negotiate fees for the content shared on Facebook.
Meta claims their platform, in fact, provides increased traffic to struggling news outlets.
It says publishers put their content on Facebook because "it benefits their bottom line."
The legislation, known as the Journalism Competition and Preservation Act (JCPA) was introduced in Congress by Minnesota Senator Amy Klobuchar and has bipartisan support.
Media companies argue that Meta generates huge sums of money from news articles shared on the platform.]]>59africa_business_radio,facebook,meta,news,u.scleanfullhttps://www.spreaker.com/episode/apple-faces-critics-over-its-privacy-policies--52119532Two developers going by the name ‘Mysk’ claimed last month that Apple was tracking users’ every tap on the App Store, with no way of disabling the function.
A class action lawsuit was subsequently filed in California, claiming that Apple’s promises regarding privacy are utterly false.
Meta CEO Mark Zuckerberg earlier said that Apple’s approach was a conflict of interest since it was designed to undermine rivals.]]>https://api.spreaker.com/episode/52119532Wed, 07 Dec 2022 12:59:18 +0000Africa Business RadioApple presents itself as a white knight on the subject of privacy, but critics say its own advertising ambitions are built on anti-competitive practices. Two developers going by the name ‘Mysk’ claimed last month that Apple was tracking users’ every...Two developers going by the name ‘Mysk’ claimed last month that Apple was tracking users’ every tap on the App Store, with no way of disabling the function.
A class action lawsuit was subsequently filed in California, claiming that Apple’s promises regarding privacy are utterly false.
Meta CEO Mark Zuckerberg earlier said that Apple’s approach was a conflict of interest since it was designed to undermine rivals.]]>54africa_business_radio,apple,news,privacy_policycleanfullhttps://www.spreaker.com/episode/rwanda-faults-misguided-approach-after-blinken-talks--52119583Rwanda however says that despite the good discussions there are still differences in understanding of the issue.
Foreign Minister Vincent Biruta says a wrong and misguided approach by the international community had made the problem worse.
The US urged Rwanda to end its support for the M23 rebel group in DR Congo, in line with resolutions made during the talks on the conflict held recently in the Angolan capital, Luanda.]]>https://api.spreaker.com/episode/52119583Wed, 07 Dec 2022 12:53:22 +0000Africa Business RadioUS Secretary of State Antony Blinken says he had a productive conversation with Rwandan President Paul Kagame to emphasize the need for peace and security in the eastern Democratic Republic of Congo. Rwanda however says that despite the good...Rwanda however says that despite the good discussions there are still differences in understanding of the issue.
Foreign Minister Vincent Biruta says a wrong and misguided approach by the international community had made the problem worse.
The US urged Rwanda to end its support for the M23 rebel group in DR Congo, in line with resolutions made during the talks on the conflict held recently in the Angolan capital, Luanda.]]>58africa,africa_business_radio,news,rwanda,u.scleanfullhttps://www.spreaker.com/episode/libya-invites-global-oil-firms-to-resume-operations--52119534Production has been frequently halted over the last decade following invasions of oil sites by armed groups and protesters.
Libya has Africa’s largest crude oil reserves and is desperate to increase production to fund much-needed investment in housing, transport, and electricity networks.]]>https://api.spreaker.com/episode/52119534Wed, 07 Dec 2022 12:42:54 +0000Africa Business RadioLibya’s Tripoli-based government of national unity has invited international oil companies holding contracts with the state oil firm to resume working in the country. Production has been frequently halted over the last decade following invasions of...Production has been frequently halted over the last decade following invasions of oil sites by armed groups and protesters.
Libya has Africa’s largest crude oil reserves and is desperate to increase production to fund much-needed investment in housing, transport, and electricity networks.]]>49africa,africa_business_radio,international_collaboration,libyacleanfullhttps://www.spreaker.com/episode/south-african-parliament-delays-vote-on-ramaphosa-scandal-report--52119536The report says Mr Ramaphosa allegedly covered up a theft at his farm. He has denied any wrongdoing and his spokesman says the report was flawed.
Parliament’s programming committee met on Monday night and unanimously agreed to hold the debate on 13 December to allow members of parliament to travel to Cape Town where parliament sits.
The president had on Monday moved to court to seek an order declaring any steps taken by parliament following the release of the report as invalid and unlawful.]]>https://api.spreaker.com/episode/52119536Wed, 07 Dec 2022 12:39:14 +0000Africa Business RadioA parliamentary sitting set to debate a damning report that found that South Africa’s President Cyril Ramaphosa may have violated the constitution has been postponed by a week. The report says Mr Ramaphosa allegedly covered up a theft at his farm. He...The report says Mr Ramaphosa allegedly covered up a theft at his farm. He has denied any wrongdoing and his spokesman says the report was flawed.
Parliament’s programming committee met on Monday night and unanimously agreed to hold the debate on 13 December to allow members of parliament to travel to Cape Town where parliament sits.
The president had on Monday moved to court to seek an order declaring any steps taken by parliament following the release of the report as invalid and unlawful.]]>59africa,africa_business_radio,news,ramaphosa,south_africacleanfullhttps://www.spreaker.com/episode/nigerian-national-petroleum-company-limited-signs-mou-with-ghanaian-gambian-firms--52119535The five national oil companies and relevant entities were from Gambia, Ghana, Guinea, Guinea Bissau and Sierra Leone.
The signing ceremony, according to a statement from NNPC on Monday, was held in Morocco and was attended by the Group Chief Executive Officer NNPC, Mele Kyari; Dr. Amina Benkhadra, General Director of Morocco’s National Office of Hydrocarbons and Mines; Mr Baboucarr Njie, Managing Director of the Gambia National Petroleum Corporation, Gambia; and Celedonio Placido Viera, General Director of PETROGUIN, Guinea Bissau.]]>https://api.spreaker.com/episode/52119535Wed, 07 Dec 2022 12:36:17 +0000Africa Business RadioThe Nigerian National Petroleum Company Limited has signed five memoranda of understanding with the national oil companies and relevant entities of five African countries on the Nigeria-Morocco Gas Pipeline Project. The five national oil companies...The five national oil companies and relevant entities were from Gambia, Ghana, Guinea, Guinea Bissau and Sierra Leone.
The signing ceremony, according to a statement from NNPC on Monday, was held in Morocco and was attended by the Group Chief Executive Officer NNPC, Mele Kyari; Dr. Amina Benkhadra, General Director of Morocco’s National Office of Hydrocarbons and Mines; Mr Baboucarr Njie, Managing Director of the Gambia National Petroleum Corporation, Gambia; and Celedonio Placido Viera, General Director of PETROGUIN, Guinea Bissau.]]>70africa_business_radio,gambia,gas_pipeline,ghana,news,nigeria,nnpccleanfullhttps://www.spreaker.com/episode/nigerian-government-committed-to-domestication-of-rome-statue--52119531Malami disclosed that the National Assembly is working assiduously with his office to achieve the domestication drive of the Rome Statute.
The minister says Nigeria firmly believes in the rule of law as a panacea to a just and equitable world, noting that the country has continued to uphold her obligations under international law.
Malami pointed out that the Federal Government has not reneged on its pledge to extend maximum cooperation to the Office of the Prosecutor of the Court in addressing the allegation of crimes against humanity committed within its territory.]]>https://api.spreaker.com/episode/52119531Wed, 07 Dec 2022 12:34:36 +0000Africa Business RadioThe Attorney General of the Federation and Minister of Justice, Abubakar Malami says that the Federal Government of Nigeria is committed to the domestication of the Rome Statute. Malami disclosed that the National Assembly is working assiduously with...Malami disclosed that the National Assembly is working assiduously with his office to achieve the domestication drive of the Rome Statute.
The minister says Nigeria firmly believes in the rule of law as a panacea to a just and equitable world, noting that the country has continued to uphold her obligations under international law.
Malami pointed out that the Federal Government has not reneged on its pledge to extend maximum cooperation to the Office of the Prosecutor of the Court in addressing the allegation of crimes against humanity committed within its territory.]]>64africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/presidential-aspirant-promises-to-privatise-refineries-set-up-10bn-funds-for-youths--52119537The PDP candidate says he will earmark $10 billion from the refinery sales to empower the small and medium-scale enterprises of young Nigerians.
He identified the refineries to be sold as the Port Harcourt refinery, Warri refinery, and Kaduna refinery which have not been functioning for years now.
The former Vice President pledged that his administration will restructure Africa’s most populous nation while promising to allocate more powers and resources to both state and local governments, asking the people to hold their leaders accountable.]]>https://api.spreaker.com/episode/52119537Wed, 07 Dec 2022 12:31:43 +0000Africa Business RadioThe Peoples Democratic Party presidential candidate, Atiku Abubakar has pledged to privatize the nation’s refineries if elected as President next year ahead of the 2023 general elections. The PDP candidate says he will earmark $10 billion from the...The PDP candidate says he will earmark $10 billion from the refinery sales to empower the small and medium-scale enterprises of young Nigerians.
He identified the refineries to be sold as the Port Harcourt refinery, Warri refinery, and Kaduna refinery which have not been functioning for years now.
The former Vice President pledged that his administration will restructure Africa’s most populous nation while promising to allocate more powers and resources to both state and local governments, asking the people to hold their leaders accountable.]]>652023_election,africa_business_radio,news,nigeria,refinery,trust_fundcleanfullhttps://www.spreaker.com/episode/youth-unemployment-a-major-cause-of-insecurity-in-north-east--52119585Obi says with the enormous amount of arable land in the North-East, the region has the potential not only to feed the country but also produce enough cash crops for export. He pledged that his administration will bring that to reality if he wins the presidential elections next year.
He says insecurity will be a thing of the past when idle youths become engaged in legal activities, ranging from agriculture to commerce which will ensure the country moves from consumption to production.]]>https://api.spreaker.com/episode/52119585Wed, 07 Dec 2022 12:29:18 +0000Africa Business RadioThe presidential candidate of the Labour Party, Peter Obi says the vast number of unemployed youths in the North-East region is the biggest contributing factor to insecurity in the region, as thousands of youths wake up every morning without food or...Obi says with the enormous amount of arable land in the North-East, the region has the potential not only to feed the country but also produce enough cash crops for export. He pledged that his administration will bring that to reality if he wins the presidential elections next year.
He says insecurity will be a thing of the past when idle youths become engaged in legal activities, ranging from agriculture to commerce which will ensure the country moves from consumption to production.]]>652023_election,africa_business_radio,insecurity,news,nigeriacleanfullhttps://www.spreaker.com/episode/oil-giant-totalenergies-to-cut-north-sea-investment-over-windfall-tax--52099016The company will cut £100m of spending on new wells in the region.
The windfall tax - the Energy Profits Levy - was raised from 25% to 35% in last month's Autumn Statement and will now stay in place until March 2028.
The government says the levy strikes a balance between funding cost of living support while encouraging investment.
A Treasury spokesperson says they have been clear that we want to encourage reinvestment of the sector's profits to support the economy, jobs, and our energy security, which is why the more investment a firm makes into the UK, the less tax they will pay.]]>https://api.spreaker.com/episode/52099016Mon, 05 Dec 2022 14:45:54 +0000Africa Business RadioFrench oil giant TotalEnergies says it will cut North Sea investment by 25% next year after the windfall tax on oil and gas firms in the UK was extended. The company will cut £100m of spending on new wells in the region. The windfall tax - the...The company will cut £100m of spending on new wells in the region.
The windfall tax - the Energy Profits Levy - was raised from 25% to 35% in last month's Autumn Statement and will now stay in place until March 2028.
The government says the levy strikes a balance between funding cost of living support while encouraging investment.
A Treasury spokesperson says they have been clear that we want to encourage reinvestment of the sector's profits to support the economy, jobs, and our energy security, which is why the more investment a firm makes into the UK, the less tax they will pay.]]>68africa_business_radio,news,north_sea,total_energy,windfall_taxcleanfullhttps://www.spreaker.com/episode/bp-to-receive-blood-money-from-ukraine-war--52099019Oleg Ustenko says BP is entitled to hundreds of millions of pounds from its stake in Russian energy giant Rosneft.
BP says it was no longer receiving any profits from Rosneft.
It added that It still planned to sell its shareholding in Rosneft, a move it announced immediately after Russia's invasion of Ukraine.
Russian energy firms have made bumper profits this year, despite sanctions against the country, because the invasion of Ukraine, and subsequent sanctions, have pushed up the price of oil and gas on the global market.]]>https://api.spreaker.com/episode/52099019Mon, 05 Dec 2022 14:39:30 +0000Africa Business RadioA leading adviser to Ukraine's president has warned that BP stands to receive "blood money through its investments in Russia. Oleg Ustenko says BP is entitled to hundreds of millions of pounds from its stake in Russian energy giant Rosneft. BP says...Oleg Ustenko says BP is entitled to hundreds of millions of pounds from its stake in Russian energy giant Rosneft.
BP says it was no longer receiving any profits from Rosneft.
It added that It still planned to sell its shareholding in Rosneft, a move it announced immediately after Russia's invasion of Ukraine.
Russian energy firms have made bumper profits this year, despite sanctions against the country, because the invasion of Ukraine, and subsequent sanctions, have pushed up the price of oil and gas on the global market.]]>59africa_business_radio,bp,news,russia,ukrainecleanfullhttps://www.spreaker.com/episode/ftx-s-bankman-fried-to-testify-before-us-congress--52099015Bankman-Fried says he would appear before the US House Committee on Financial Services after he finished learning and reviewing the events that led to FTX filing for bankruptcy last month.
Bankman-Fried wrote the tweet in reply to Maxine Waters, the Democratic congresswoman who chairs the committee, after she invited him to appear at a hearing scheduled to examine FTX’s collapse.
Bankman-Fried, who once ranked among the world’s richest men, last week denied he had ever intended to defraud anyone while acknowledging he had made a “lot of mistakes” in his handling of the crypto company.
Bankman-Fried says he had no knowledge of being the subject of a criminal investigation and denied knowingly commingling investors’ funds with affiliated trading firm Alameda.]]>https://api.spreaker.com/episode/52099015Mon, 05 Dec 2022 14:36:47 +0000Africa Business RadioFTX founder Sam Bankman-Fried has announced he will testify before the United States Congress after taking time to review the implosion of his cryptocurrency exchange. Bankman-Fried says he would appear before the US House Committee on Financial...Bankman-Fried says he would appear before the US House Committee on Financial Services after he finished learning and reviewing the events that led to FTX filing for bankruptcy last month.
Bankman-Fried wrote the tweet in reply to Maxine Waters, the Democratic congresswoman who chairs the committee, after she invited him to appear at a hearing scheduled to examine FTX’s collapse.
Bankman-Fried, who once ranked among the world’s richest men, last week denied he had ever intended to defraud anyone while acknowledging he had made a “lot of mistakes” in his handling of the crypto company.
Bankman-Fried says he had no knowledge of being the subject of a criminal investigation and denied knowingly commingling investors’ funds with affiliated trading firm Alameda.]]>76africa_business_radio,crypto_currency,ftx,news,u.scleanfullhttps://www.spreaker.com/episode/european-union-urged-to-act-over-distortions-from-us-climate-plan--52099020Some EU members have criticized the US Inflation Reduction Act, raising fears of a trade war.
European Commission President Ursula von der Leyen says the EU should adjust its own rule while adding that competition is good but the competition must respect a level playing field.
US President Joe Biden has called it the most aggressive action his country has taken to tackle the climate crisis.
Ms von der Leyen says the EU had to work with the US to address some of the most concerning aspects of the law.]]>https://api.spreaker.com/episode/52099020Mon, 05 Dec 2022 14:33:40 +0000Africa Business RadioThe bloc's chief, Von Der Leyen says the EU must address distortions created by a $430bn US plan to incentivize climate-friendly technologies, Some EU members have criticized the US Inflation Reduction Act, raising fears of a trade war. European...Some EU members have criticized the US Inflation Reduction Act, raising fears of a trade war.
European Commission President Ursula von der Leyen says the EU should adjust its own rule while adding that competition is good but the competition must respect a level playing field.
US President Joe Biden has called it the most aggressive action his country has taken to tackle the climate crisis.
Ms von der Leyen says the EU had to work with the US to address some of the most concerning aspects of the law.]]>61africa_business_radio,climate_friendly_technology,european_union,newscleanfullhttps://www.spreaker.com/episode/opec-to-keep-output-unchanged-in-uncertain-climate--52099013The representatives of the thirteen members of the Organization of the Petroleum Exporting Countries led by Riyadh, and their 10 allies headed by Moscow, decided to stick to their course agreed in October of a production cut of two million barrels per day until the end of 2023.
The alliance says that its October decision to cut output was purely driven by market considerations adding that it had been the necessary and right course of action towards stabilizing global oil markets.]]>https://api.spreaker.com/episode/52099013Mon, 05 Dec 2022 14:20:08 +0000Africa Business RadioMajor oil-producing countries led by Saudi Arabia and Russia agreed on Sunday to maintain their current output levels in a climate of uncertainty and ahead of fresh sanctions against Moscow coming into force next week. The representatives of the...The representatives of the thirteen members of the Organization of the Petroleum Exporting Countries led by Riyadh, and their 10 allies headed by Moscow, decided to stick to their course agreed in October of a production cut of two million barrels per day until the end of 2023.
The alliance says that its October decision to cut output was purely driven by market considerations adding that it had been the necessary and right course of action towards stabilizing global oil markets.]]>64africa,africa_business_radio,news,opec,russia,saudi_arabiacleanfullhttps://www.spreaker.com/episode/rwanda-to-increase-milk-production-by-34-to-satisfy-market-demand--52099014The increment represents a 33.9 per cent compared to the current production, The target will also be aimed at catering for a milk powder plant that is under construction in Nyagatare District.
Uwituze, says as of 2021/22, Rwanda was producing 932, 951 tonnes of milk per year.
She says farmers are being mobilized and supported to increase milk production to satisfy demand.
She says that various interventions have been initiated to increase milk production countrywide.]]>https://api.spreaker.com/episode/52099014Mon, 05 Dec 2022 14:15:54 +0000Africa Business RadioRwanda Agriculture and Animal Resources Development Board, Director General Solange Uwituze says Rwanda will be producing 1,250,000 tonnes of milk every year by 2024, so as to satisfy milk demand. The increment represents a 33.9 per cent compared to...The increment represents a 33.9 per cent compared to the current production, The target will also be aimed at catering for a milk powder plant that is under construction in Nyagatare District.
Uwituze, says as of 2021/22, Rwanda was producing 932, 951 tonnes of milk per year.
She says farmers are being mobilized and supported to increase milk production to satisfy demand.
She says that various interventions have been initiated to increase milk production countrywide.]]>68africa,africa_business_radio,agriculture,news,rwandacleanfullhttps://www.spreaker.com/episode/central-bank-of-nigeria-offered-n7-33trn-treasury-bills-in-six-months--52099018The bank also stated that the total outstanding FGN domestic debt stock amounted to N20.91 trillion, representing an increase of N3.28 trillion or 18.59 per cent outstanding as of June 2022, which was higher than the N17.63 trillion recorded in June 2021.
The CBN explained that it sustained its intervention in the foreign exchange market during the review period to enhance supply, moderate demand pressures, and preserve the value of the naira, stressing that intervention was made through sales for invisibles, small and medium enterprises and at the Investors’ & Exporters’ window and interbank secondary market intervention sales.
The CBN further disclosed that it made purchases from autonomous sources, particularly from oil-producing and servicing companies.]]>https://api.spreaker.com/episode/52099018Mon, 05 Dec 2022 14:07:26 +0000Africa Business RadioThe Central Bank of Nigeria says it offered treasury bills amounting to N7.33 trillion in the first half of the year while total public subscriptions amounted to N10.94 trillion. The bank also stated that the total outstanding FGN domestic debt stock...The bank also stated that the total outstanding FGN domestic debt stock amounted to N20.91 trillion, representing an increase of N3.28 trillion or 18.59 per cent outstanding as of June 2022, which was higher than the N17.63 trillion recorded in June 2021.
The CBN explained that it sustained its intervention in the foreign exchange market during the review period to enhance supply, moderate demand pressures, and preserve the value of the naira, stressing that intervention was made through sales for invisibles, small and medium enterprises and at the Investors’ & Exporters’ window and interbank secondary market intervention sales.
The CBN further disclosed that it made purchases from autonomous sources, particularly from oil-producing and servicing companies.]]>82africa_business_radio,central_bank,news,nigeria,treasury_billcleanfullhttps://www.spreaker.com/episode/west-african-presidents-lay-foundation-of-new-ecowas-headquarters--52099017President Buhari declared that the edifice will strengthen the brotherhood of African countries.
The building which comes in the aftermath of engagements and an agreement between the Peoples's Republic of China and ECOWAS was envisioned as an all-inclusive architectural phenomenon.
It would represent the three hundred and eighty million West African Citizens and would house the three major ECOWAS Institutions, including the ECOWAS Commission.]]>https://api.spreaker.com/episode/52099017Mon, 05 Dec 2022 13:56:50 +0000Africa Business RadioPresident Muhammadu Buhari has performed the official ground-breaking ceremony of the new ECOWAS Headquarters complex also known as the Eye of West Africa, to be constructed by the Chinese Government. President Buhari declared that the edifice will...President Buhari declared that the edifice will strengthen the brotherhood of African countries.
The building which comes in the aftermath of engagements and an agreement between the Peoples's Republic of China and ECOWAS was envisioned as an all-inclusive architectural phenomenon.
It would represent the three hundred and eighty million West African Citizens and would house the three major ECOWAS Institutions, including the ECOWAS Commission.]]>58africa_business_radio,ecowas,news,nigeria,west_africacleanfullhttps://www.spreaker.com/episode/nigeria-s-currency-redesign-may-be-declared-illegal-in-court--52099021The Central Bank of Nigeria earlier said it will redesign the N200, N500, and N1,000 notes to take control of the currency in circulation.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said she wasn’t consulted by the apex bank on the initiative, Buhari backed the CBN Governor, Godwin Emefiele, saying he is fully in support of the policy.
Falana, says the President is expected to present a money bill to the National Assembly for approval before the actualisation of the policy.]]>https://api.spreaker.com/episode/52099021Mon, 05 Dec 2022 13:50:59 +0000Africa Business RadioHuman rights lawyer, Femi Falana, faulted the recent endorsement of the naira redesign by President Muhammadu Buhari, saying the policy may be declared illegal in court. The Central Bank of Nigeria earlier said it will redesign the N200, N500, and...The Central Bank of Nigeria earlier said it will redesign the N200, N500, and N1,000 notes to take control of the currency in circulation.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said she wasn’t consulted by the apex bank on the initiative, Buhari backed the CBN Governor, Godwin Emefiele, saying he is fully in support of the policy.
Falana, says the President is expected to present a money bill to the National Assembly for approval before the actualisation of the policy.]]>62africa_business_radio,currency_redesign,naira,news,nigeriacleanfullhttps://www.spreaker.com/episode/us-lawmakers-get-access-to-former-president-s-tax-returns--52075390The Treasury Department says it had complied with a Supreme Court order that the records should be given to a panel in the Democrat-controlled House.
It is not clear if the returns will be made public, or what they will reveal.
He declined to release the documents during his 2016 presidential run or subsequently - breaking a decades-old presidential custom.]]>https://api.spreaker.com/episode/52075390Fri, 02 Dec 2022 08:23:46 +0000Africa Business RadioDonald Trump's tax returns have been handed over to a committee of the US House of Representatives after the former president lost a long legal battle to keep them sealed. The Treasury Department says it had complied with a Supreme Court order that...The Treasury Department says it had complied with a Supreme Court order that the records should be given to a panel in the Democrat-controlled House.
It is not clear if the returns will be made public, or what they will reveal.
He declined to release the documents during his 2016 presidential run or subsequently - breaking a decades-old presidential custom.]]>56africa_business_radio,news,tax_returns,trump,u.scleanfullhttps://www.spreaker.com/episode/china-eases-covid-19-measures-after-protests--52075391Health authorities announcing the relaxation of measures did not mention the protests, which ranged from candle-lit vigils in Beijing to clashes with the police on the streets of Guangzhou and at an iPhone factory in Zhengzhou last week.
The demonstrations marked the biggest show of civil disobedience in mainland China since President Xi Jinping took power a decade ago as the economy is set to enter a new era of much slower growth than seen in decades.
Vice Premier, Sun Chunlan, who oversees COVID efforts, says the ability of the virus to cause disease was weakening.]]>https://api.spreaker.com/episode/52075391Fri, 02 Dec 2022 08:22:29 +0000Africa Business RadioChina is softening its tone on the severity of COVID-19 and has begun easing some coronavirus restrictions even as its daily case toll hovers near record highs after anger over the world’s toughest curbs fuelled protests across the country. Health...Health authorities announcing the relaxation of measures did not mention the protests, which ranged from candle-lit vigils in Beijing to clashes with the police on the streets of Guangzhou and at an iPhone factory in Zhengzhou last week.
The demonstrations marked the biggest show of civil disobedience in mainland China since President Xi Jinping took power a decade ago as the economy is set to enter a new era of much slower growth than seen in decades.
Vice Premier, Sun Chunlan, who oversees COVID efforts, says the ability of the virus to cause disease was weakening.]]>81africa_business_radio,china,covid,health,newscleanfullhttps://www.spreaker.com/episode/dr-congo-leader-accused-of-using-crisis-to-delay-polls--52075397President Paul Kagame accused the Congolese leader Félix Tshisekedi of creating grounds for an emergency so that next year’s elections don’t take place.
Mr. Kagame says it was a shame many parties and countries "claim to want to resolve the problem that has remained for decades.
He cautioned powerful countries, mentioning the US, UK, France, and the UN, against accusing or believing that Rwanda was to blame for the instabilities in eastern Congo.
He accused UN forces of failing to eradicate the Rwandan rebel group - FDLR - and others operating in DR Congo.
He also denied claims that Rwanda was stealing minerals from DR Congo.]]>https://api.spreaker.com/episode/52075397Fri, 02 Dec 2022 08:21:22 +0000Africa Business RadioThe Rwandan president has accused his Democratic Republic of Congo counterpart of trying to find a way to have the next elections postponed by implicating Rwanda in the country’s crisis. President Paul Kagame accused the Congolese leader Félix...President Paul Kagame accused the Congolese leader Félix Tshisekedi of creating grounds for an emergency so that next year’s elections don’t take place.
Mr. Kagame says it was a shame many parties and countries "claim to want to resolve the problem that has remained for decades.
He cautioned powerful countries, mentioning the US, UK, France, and the UN, against accusing or believing that Rwanda was to blame for the instabilities in eastern Congo.
He accused UN forces of failing to eradicate the Rwandan rebel group - FDLR - and others operating in DR Congo.
He also denied claims that Rwanda was stealing minerals from DR Congo.]]>82africa,africa_business_radio,dr_congo,election,news,rwandacleanfullhttps://www.spreaker.com/episode/tigray-people-s-liberation-front-to-surrender-heavy-weapons--52075398Ambassador Bacha Debele, says the TPLF were supposed to surrender them on 17 November, but this was not implemented it has now been decided for them to surrender them on 3 December.
Mr. Bacha says the field commanders are meeting every day to discuss the disarmament process and TPLF combatants are being assembled in designated areas.]]>https://api.spreaker.com/episode/52075398Fri, 02 Dec 2022 08:19:23 +0000Africa Business RadioThe Ethiopian ambassador to Kenya says that the rebel Tigray People's Liberation Front will surrender its heavy weapons on Saturday following talks between the senior army and TPLF commanders. Ambassador Bacha Debele, says the TPLF were supposed to...Ambassador Bacha Debele, says the TPLF were supposed to surrender them on 17 November, but this was not implemented it has now been decided for them to surrender them on 3 December.
Mr. Bacha says the field commanders are meeting every day to discuss the disarmament process and TPLF combatants are being assembled in designated areas.]]>59africa,africa_business_radio,ethiopia,news,tigraycleanfullhttps://www.spreaker.com/episode/kenyans-rush-for-state-loans-hours-after-launch--52075396The scheme, known as the Hustler Fund, was launched by President William Ruto on Wednesday and has already disbursed over 400m shillings ($3.3m; £2.7m) to borrowers.
Local media reports that the minister for co-operatives as citing an uptake of the loans, with up to 600 transactions per second, hours after the launch – which eased later.
Borrowers are able to access the money by dialling a USSD code or using an application on their mobile phones.
The loans start from between $4 and $408 for individual borrowers. Loans for groups and small enterprises will be launched at a later date.
Borrowers are expected to repay the loan within 14 days, and an annual interest of 8% calculated per day will be charged.]]>https://api.spreaker.com/episode/52075396Fri, 02 Dec 2022 08:18:19 +0000Africa Business RadioMore than a million Kenyans have registered for a government loan scheme targeting the youth and informal traders just a day after its launch The scheme, known as the Hustler Fund, was launched by President William Ruto on Wednesday and has already...The scheme, known as the Hustler Fund, was launched by President William Ruto on Wednesday and has already disbursed over 400m shillings ($3.3m; £2.7m) to borrowers.
Local media reports that the minister for co-operatives as citing an uptake of the loans, with up to 600 transactions per second, hours after the launch – which eased later.
Borrowers are able to access the money by dialling a USSD code or using an application on their mobile phones.
The loans start from between $4 and $408 for individual borrowers. Loans for groups and small enterprises will be launched at a later date.
Borrowers are expected to repay the loan within 14 days, and an annual interest of 8% calculated per day will be charged.]]>79africa,africa_business_radio,kenya,news,state_loancleanfullhttps://www.spreaker.com/episode/nigerian-government-approves-compulsory-mother-tongue-instruction-in-all-primary-schools--52075400The Minister of Education, Adamu Adamu, noted that the policy takes immediate effect.
He stated that the government is aware that its implementation will be difficult but it is necessary to promote the cultivation and use of all Nigerian languages.
He revealed that 29 languages have become extinct, leaving the country with 625 languages.
Adamu says even though the policy has officially taken effect, it can only be fully implemented when government develops instructional materials and qualified teachers are available.]]>https://api.spreaker.com/episode/52075400Fri, 02 Dec 2022 08:14:08 +0000Africa Business RadioThe Federal Executive Council has approved a new National Language Policy making the various mother tongues compulsory medium of instruction from primary one to six. The Minister of Education, Adamu Adamu, noted that the policy takes immediate...The Minister of Education, Adamu Adamu, noted that the policy takes immediate effect.
He stated that the government is aware that its implementation will be difficult but it is necessary to promote the cultivation and use of all Nigerian languages.
He revealed that 29 languages have become extinct, leaving the country with 625 languages.
Adamu says even though the policy has officially taken effect, it can only be fully implemented when government develops instructional materials and qualified teachers are available.]]>77africa_business_radio,hause,igbo,language,mother_tongue,news,nigeria,yorubacleanfullhttps://www.spreaker.com/episode/nigerian-government-develops-trading-platform-for-power-firms-consumers--52075392The government says the platform would facilitate an automated and transparent marketplace and would serve as a system for the consummation of bilateral contracts for energy using standard template contracts.
Managing Director, Nigerian Bulk Electricity Trading Plc, Nnaemeka Ewelukwa stated that the platform would also serve as a spot market for real-time energy trading as the market developed further.]]>https://api.spreaker.com/episode/52075392Fri, 02 Dec 2022 08:10:55 +0000Africa Business RadioThe Power generation, distribution, and transmission companies, gas suppliers, and consumers, among others, will conduct electricity transactions through an automated energy trading platform in 2023. The government says the platform would facilitate...The government says the platform would facilitate an automated and transparent marketplace and would serve as a system for the consummation of bilateral contracts for energy using standard template contracts.
Managing Director, Nigerian Bulk Electricity Trading Plc, Nnaemeka Ewelukwa stated that the platform would also serve as a spot market for real-time energy trading as the market developed further.]]>74africa_bsuiness_radio,investment,news,nigeria,trading_platformcleanfullhttps://www.spreaker.com/episode/nigeria-s-free-trade-zones-attract-46-4bn-investment--52075395Managing Director of the Nigeria Export Processing Zones Authority, Adesoji Adesugba, says trade zones being regulated by NEPZA attracted over $30 billion in investments since the inception of the scheme in 1992, while Kaura put the investments attracted by OGFZA since 1996 at $16.6 billion.
He says that the global business model was meeting its objective of fast-tracking economic growth and industrialization.
He says the decision of the Federal Government to key into this concept has remained legendary as the model has become a key driver of the nation’s economy.]]>https://api.spreaker.com/episode/52075395Fri, 02 Dec 2022 07:58:59 +0000Africa Business RadioNigeria's free trade zones attracted over $46.6 billion in investment into the nation’s economy. Managing Director of the Nigeria Export Processing Zones Authority, Adesoji Adesugba, says trade zones being regulated by NEPZA attracted over $30...Managing Director of the Nigeria Export Processing Zones Authority, Adesoji Adesugba, says trade zones being regulated by NEPZA attracted over $30 billion in investments since the inception of the scheme in 1992, while Kaura put the investments attracted by OGFZA since 1996 at $16.6 billion.
He says that the global business model was meeting its objective of fast-tracking economic growth and industrialization.
He says the decision of the Federal Government to key into this concept has remained legendary as the model has become a key driver of the nation’s economy.]]>77africa_business_radio,business,free_trade_zone,investment,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-benin-republic-collaborate-to-foster-unity--52075394The Director-General of NBC, Mr. Adamu Adaji, and issued by the Head of Information Unit, Mrs. Efe Ovuakporie, says socio-cultural activities such as sports were featured as part of its efforts to promote peaceful co-existence between the dwellers along the boundary of the two countries.
Adaji noted that the lack of a clear-cut demarcation of the boundary between the two countries had contributed to the issues of claims and counterclaims by border communities.
He enjoined the communities to continue to play pivotal roles in ensuring the welfare and protection of the border residents.]]>https://api.spreaker.com/episode/52075394Fri, 02 Dec 2022 07:46:36 +0000Africa Business RadioThe National Boundary Commission and its Benin Republic counterpart, have embarked on a joint campaign towards cementing the bond between both countries, prior to colonial rule. The Director-General of NBC, Mr. Adamu Adaji, and issued by the Head of...The Director-General of NBC, Mr. Adamu Adaji, and issued by the Head of Information Unit, Mrs. Efe Ovuakporie, says socio-cultural activities such as sports were featured as part of its efforts to promote peaceful co-existence between the dwellers along the boundary of the two countries.
Adaji noted that the lack of a clear-cut demarcation of the boundary between the two countries had contributed to the issues of claims and counterclaims by border communities.
He enjoined the communities to continue to play pivotal roles in ensuring the welfare and protection of the border residents.]]>74africa_business_radio,benin_republic,news,nigeria,unitycleanfullhttps://www.spreaker.com/episode/uk-axes-plan-to-make-big-tech-remove-harmful-content--52054237Culture Secretary Michelle Donelan denied weakening laws protecting social media users and said adults would have more control over what they saw online.
The bill - which aims to police the internet - is intended to become law in the UK before next summer.
The bill previously included a section that required the largest, highest-risk platforms" to tackle some legal but harmful material accessed by adults.
Tech giants are told to introduce a system allowing users more control to filter out harmful content they do not want to see.]]>https://api.spreaker.com/episode/52054237Wed, 30 Nov 2022 11:40:12 +0000Africa Business RadioControversial measures which would have forced big technology platforms to take down legal but harmful material have been axed from the Online Safety Bill. Culture Secretary Michelle Donelan denied weakening laws protecting social media users and...Culture Secretary Michelle Donelan denied weakening laws protecting social media users and said adults would have more control over what they saw online.
The bill - which aims to police the internet - is intended to become law in the UK before next summer.
The bill previously included a section that required the largest, highest-risk platforms" to tackle some legal but harmful material accessed by adults.
Tech giants are told to introduce a system allowing users more control to filter out harmful content they do not want to see.]]>59africa_business_radio,news,online_safety_bill,social_media,technology,u.kcleanfullhttps://www.spreaker.com/episode/crypto-firm-blockfi-files-for-bankruptcy-after-ftx-collapse--52054223The company had already halted most activity on its platform, citing significant exposure to FTX.
BlockFi says it was seeking court protection to restructure, settle its debts and recover money for investors.
BlockFi received a rescue deal from FTX earlier this year as the values of cryptocurrencies plunged.]]>https://api.spreaker.com/episode/52054223Wed, 30 Nov 2022 11:38:23 +0000Africa Business RadioThe troubled crypto firm BlockFi has filed for bankruptcy in the US, as the dramatic collapse of FTX continues to reverberate across the industry. The company had already halted most activity on its platform, citing significant exposure to FTX....The company had already halted most activity on its platform, citing significant exposure to FTX.
BlockFi says it was seeking court protection to restructure, settle its debts and recover money for investors.
BlockFi received a rescue deal from FTX earlier this year as the values of cryptocurrencies plunged.]]>48africa_business_radio,bankruptcy,cryptocurrency,ftx,newscleanfullhttps://www.spreaker.com/episode/musk-feuds-with-apple-over-twitter-advertising--52054238The feud comes as many companies have halted spending on Twitter amid concerns about Mr Musk's content moderation plans for the site.
Mr. Musk says Twitter has seen a massive drop in revenue, blaming activists for pressuring advertisers.
He accused Apple of censorship and criticized its policies, including the charge it levies on purchases made on its app store.]]>https://api.spreaker.com/episode/52054238Wed, 30 Nov 2022 11:36:43 +0000Africa Business RadioElon Musk says Apple has halted most of its advertising on Twitter and accused the company of threatening to remove the platform from its app store. The feud comes as many companies have halted spending on Twitter amid concerns about Mr Musk's...The feud comes as many companies have halted spending on Twitter amid concerns about Mr Musk's content moderation plans for the site.
Mr. Musk says Twitter has seen a massive drop in revenue, blaming activists for pressuring advertisers.
He accused Apple of censorship and criticized its policies, including the charge it levies on purchases made on its app store.]]>49advertisment,africa_business_radio,apple,elon_musk,news,twittercleanfullhttps://www.spreaker.com/episode/zimbabwe-blocked-from-getting-power-from-kariba-dam--52054224The Zambezi River Authority says water storage levels were too low for power generation.
It added that Zimbabwe had already used up its annual allocation of water for electricity, and It was eating into neighboring Zambia’s share.
Zimbabwe will only be able to resume generating power from Kariba in January.
Zimbabwe has faced rolling power cuts due to drought, and breakdowns at its aging power plants.]]>https://api.spreaker.com/episode/52054224Wed, 30 Nov 2022 11:35:21 +0000Africa Business RadioZimbabwe has been ordered to suspend power generation from its main source of electricity, the Kariba hydroelectric dam. The Zambezi River Authority says water storage levels were too low for power generation. It added that Zimbabwe had already used...The Zambezi River Authority says water storage levels were too low for power generation.
It added that Zimbabwe had already used up its annual allocation of water for electricity, and It was eating into neighboring Zambia’s share.
Zimbabwe will only be able to resume generating power from Kariba in January.
Zimbabwe has faced rolling power cuts due to drought, and breakdowns at its aging power plants.]]>53africa,africa_business_radio,electricity,news,power_generation,zimbabwecleanfullhttps://www.spreaker.com/episode/who-changes-monkeypox-name-after-racism-complaints--52054220The WHO says it had received complaints the current name was "racist and stigmatizing and that, after consultations with experts, mpox would be used simultaneously with monkeypox for one year.
The WHO urged other medical organizations and the media to adopt the new name as well.]]>https://api.spreaker.com/episode/52054220Wed, 30 Nov 2022 11:32:10 +0000Africa Business RadioThe World Health Organization has announced a new preferred name for the monkeypox virus, saying it would refer to it as mpox. The WHO says it had received complaints the current name was "racist and stigmatizing and that, after consultations with...The WHO says it had received complaints the current name was "racist and stigmatizing and that, after consultations with experts, mpox would be used simultaneously with monkeypox for one year.
The WHO urged other medical organizations and the media to adopt the new name as well.]]>45africa_business_radio,health,monkey_pox,mpox,news,racism,whocleanfullhttps://www.spreaker.com/episode/ethiopia-hosts-internet-forum-despite-shutdowns--52054226More than 2,500 delegates from all over the world are attending the forum, which is focusing on ''connecting all people and safeguarding human rights''.
The UN's decision to host the event in Addis Ababa has however raised eyebrows among internet and human rights campaigners.
Ethiopia's Prime Minister Abiy Ahmed defended blackouts, saying the internet is not water, the internet is not air'' and shutdowns were aimed at saving lives.
He added that decisions were made to save lives during conflicts.]]>https://api.spreaker.com/episode/52054226Wed, 30 Nov 2022 11:30:00 +0000Africa Business RadioEthiopia is hosting the UN's annual internet forum despite an internet blackout of more than a year in the war-devastated region of Tigray. More than 2,500 delegates from all over the world are attending the forum, which is focusing on ''connecting...More than 2,500 delegates from all over the world are attending the forum, which is focusing on ''connecting all people and safeguarding human rights''.
The UN's decision to host the event in Addis Ababa has however raised eyebrows among internet and human rights campaigners.
Ethiopia's Prime Minister Abiy Ahmed defended blackouts, saying the internet is not water, the internet is not air'' and shutdowns were aimed at saving lives.
He added that decisions were made to save lives during conflicts.]]>57africa,africa_business_radio,ethiopia,internet_forum,newscleanfullhttps://www.spreaker.com/episode/osun-assembly-counters-adeleke-s-reversal-of-state-s-name--52054225The Osun Assembly countered the move, maintaining that the adoption of the State of Osun is a matter of law.
The Assembly says the usage of the state anthem, crest, and flag is an enactment of the law and as such, its usage is a matter of law and not choice.
The enactment of the state of Osun anthem, crest, and flag law, 2012’ assented to on the 18th of December, 2012, contained in Schedule I, II, III, IV, and V, which carefully details every component of this law is not in ambiguity.]]>https://api.spreaker.com/episode/52054225Wed, 30 Nov 2022 11:27:51 +0000Africa Business RadioThe Osun House of Assembly says the state will continue to be known as the “State of Osun” as against “Osun State”. The Osun Assembly countered the move, maintaining that the adoption of the State of Osun is a matter of law. The Assembly says the...The Osun Assembly countered the move, maintaining that the adoption of the State of Osun is a matter of law.
The Assembly says the usage of the state anthem, crest, and flag is an enactment of the law and as such, its usage is a matter of law and not choice.
The enactment of the state of Osun anthem, crest, and flag law, 2012’ assented to on the 18th of December, 2012, contained in Schedule I, II, III, IV, and V, which carefully details every component of this law is not in ambiguity.]]>58adeleke,africa_business_radio,news,nigeria,osuncleanfullhttps://www.spreaker.com/episode/nigerian-president-promises-a-legacy-of-credible-elections-in-nigeria--52054236He says they are convinced that the sustenance of democracy and the rule of law should remain the norm in this promising region.
He says there will be multiple political activities in some ECOWAS member states, including Nigeria, where general elections are due to be held in February and March 2023.
He also reiterated his commitment to free, fair, and transparent elections and smooth transitions.]]>https://api.spreaker.com/episode/52054236Wed, 30 Nov 2022 11:24:46 +0000Africa Business RadioPresident Muhammadu Buhari has promised to leave a legacy of free and fair elections in Nigeria and the West African sub-region at large. He says they are convinced that the sustenance of democracy and the rule of law should remain the norm in this...He says they are convinced that the sustenance of democracy and the rule of law should remain the norm in this promising region.
He says there will be multiple political activities in some ECOWAS member states, including Nigeria, where general elections are due to be held in February and March 2023.
He also reiterated his commitment to free, fair, and transparent elections and smooth transitions.]]>522023_election,africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/united-nations-to-monitor-nigeria-s-spending-on-agriculture--52054222The agreement also covers monitoring the effects of public policies on prices for farmers and producers in Nigeria.
It says the agreement was reached between the Federal Ministry of Agriculture and Rural Development and the Food and Agriculture Organisation of the United Nations.
The UN says both parties had renewed their collaboration for the next five years and signed the first work plan to help repurpose budgets, incentivize producers, and speed up inclusive agricultural transformation.
The UN agency stated that it was time to rethink, repurpose and rethink the agriculture sector of the Nigerian economy.]]>https://api.spreaker.com/episode/52054222Wed, 30 Nov 2022 11:23:04 +0000Africa Business RadioThe United Nations announced that it had reached an agreement with the Federal Government to develop tools for monitoring public spending in agriculture. The agreement also covers monitoring the effects of public policies on prices for farmers and...The agreement also covers monitoring the effects of public policies on prices for farmers and producers in Nigeria.
It says the agreement was reached between the Federal Ministry of Agriculture and Rural Development and the Food and Agriculture Organisation of the United Nations.
The UN says both parties had renewed their collaboration for the next five years and signed the first work plan to help repurpose budgets, incentivize producers, and speed up inclusive agricultural transformation.
The UN agency stated that it was time to rethink, repurpose and rethink the agriculture sector of the Nigerian economy.]]>63africa_business_radio,agriculture,business,news,nigeria,public_spending,united_nationscleanfullhttps://www.spreaker.com/episode/telecoms-contribution-to-gdp-increases-by-10--52054239The National Bureau of Statistics says the sector contributed N11.99tn to nominal GDP within the period under review, a 17.83 percent y-o-y increase from the N10.18tn it was in the corresponding period of 2021.
The NBS explained the gross output of telecoms and information services as, “Revenue from telephone, telex, facsimile, telegraph, and other income from satellite and internet services.
The statistics body categorizes telecoms under the information and communication sector which comprises telecommunications and information services; publishing; motion picture, sound recording, and music production; and broadcasting.]]>https://api.spreaker.com/episode/52054239Wed, 30 Nov 2022 11:21:13 +0000Africa Business RadioThe contributions of telecommunications to the nation’s real Gross Domestic Product increased by 10.52 percent year-on-year to hit N7.28tn in the first nine months of 2022. The National Bureau of Statistics says the sector contributed N11.99tn to...The National Bureau of Statistics says the sector contributed N11.99tn to nominal GDP within the period under review, a 17.83 percent y-o-y increase from the N10.18tn it was in the corresponding period of 2021.
The NBS explained the gross output of telecoms and information services as, “Revenue from telephone, telex, facsimile, telegraph, and other income from satellite and internet services.
The statistics body categorizes telecoms under the information and communication sector which comprises telecommunications and information services; publishing; motion picture, sound recording, and music production; and broadcasting.]]>74africa_business_radio,business,economic_growth,gdp,inflation,news,nigeria,telecommunicationcleanfullhttps://www.spreaker.com/episode/us-bans-gear-from-china-s-huawei-and-zte-over-security-risk--52032171Both firms have been on a roster of companies listed as a threat by the Federal Communications Commission and the new rules bar future authorizations of their equipment.
Chairwoman Jessica Rosenworcel says the FCC is committed to protecting our national security by ensuring that untrustworthy communications equipment is not authorized for use within our borders.
The FCC says that it was also seeking comment on future action relating to existing authorizations.]]>https://api.spreaker.com/episode/52032171Mon, 28 Nov 2022 13:07:38 +0000Africa Business RadioUS authorities announced a ban on the import or sale of communications equipment deemed an unacceptable risk to national security including gear from Chinese giants Huawei Technologies and ZTE. Both firms have been on a roster of companies listed as...Both firms have been on a roster of companies listed as a threat by the Federal Communications Commission and the new rules bar future authorizations of their equipment.
Chairwoman Jessica Rosenworcel says the FCC is committed to protecting our national security by ensuring that untrustworthy communications equipment is not authorized for use within our borders.
The FCC says that it was also seeking comment on future action relating to existing authorizations.]]>61africa_business_radio,china,huawei,news,security_risk,u.s,ztecleanfullhttps://www.spreaker.com/episode/elon-musk-says-twitter-will-offer-amnesty-to-suspended-accounts--52032175This came after he started a poll asking Twitter users whether accounts that had not broken the law or engaged in egregious spam should be let back on the social media platform.
Several accounts, such as that of former US President Donald Trump, have already been reinstated by Mr. Musk.
Musk says the people have spoken and Amnesty begins next week.]]>https://api.spreaker.com/episode/52032175Mon, 28 Nov 2022 13:05:27 +0000Africa Business RadioElon Musk says Twitter will provide a general amnesty to some suspended accounts from next week. This came after he started a poll asking Twitter users whether accounts that had not broken the law or engaged in egregious spam should be let back on...This came after he started a poll asking Twitter users whether accounts that had not broken the law or engaged in egregious spam should be let back on the social media platform.
Several accounts, such as that of former US President Donald Trump, have already been reinstated by Mr. Musk.
Musk says the people have spoken and Amnesty begins next week.]]>45africa_business_radio,amnesty,elon_musk,news,suspended_accounts,trump,twittercleanfullhttps://www.spreaker.com/episode/uk-releases-1bn-funding-for-insulation-in-the-least-efficient-homes--52032177Grant Shapps says the new funding was part of a strategy of working towards an energy-independent future for the UK and would save those who benefitted around £310 a year.
The ECO+ scheme will target homes that have a low energy efficiency rating and are in the lower council tax bands.
The Department for Business, Energy, Industry, and Skills says households who currently did not benefit from any other government support would be able to upgrade their homes under the expansion of the scheme.]]>https://api.spreaker.com/episode/52032177Mon, 28 Nov 2022 12:59:29 +0000Africa Business RadioThe business secretary says an extra £1bn will be spent to insulate the UK's least energy-efficient homes. Grant Shapps says the new funding was part of a strategy of working towards an energy-independent future for the UK and would save those who...Grant Shapps says the new funding was part of a strategy of working towards an energy-independent future for the UK and would save those who benefitted around £310 a year.
The ECO+ scheme will target homes that have a low energy efficiency rating and are in the lower council tax bands.
The Department for Business, Energy, Industry, and Skills says households who currently did not benefit from any other government support would be able to upgrade their homes under the expansion of the scheme.]]>56africa_business_radio,business,insulation,news,u.kcleanfullhttps://www.spreaker.com/episode/zimbabwe-s-meikles-seeks-approval-to-delist-from-london-stock-exchange--52032169The company says that the company cancels the listing of its 4 556 899 ordinary shares on the official list of the financial conduct authority and the trading on the main market of the London Stock Exchange.
Other key issues to be discussed at the AGM as highlighted are to receive, consider and adopt the Group Financial Statements for the year ended 31 March 2022 together with reports of the Directors and Auditors thereon.]]>https://api.spreaker.com/episode/52032169Mon, 28 Nov 2022 12:52:46 +0000Africa Business RadioZimbabwe Stock Exchange-listed diversified group Meikles Limited says it is seeking shareholder approval to delist from the London Stock Exchange. The company says that the company cancels the listing of its 4 556 899 ordinary shares on the official...The company says that the company cancels the listing of its 4 556 899 ordinary shares on the official list of the financial conduct authority and the trading on the main market of the London Stock Exchange.
Other key issues to be discussed at the AGM as highlighted are to receive, consider and adopt the Group Financial Statements for the year ended 31 March 2022 together with reports of the Directors and Auditors thereon.]]>56africa,africa_business_radio,london_stock_exchange,news,zimbabwecleanfullhttps://www.spreaker.com/episode/rwanda-signs-four-major-energy-deals-with-eni-oil--52032173The four agreements were signed with the Rwanda Development Board, the Health Ministry, the National Industrial Research and Development Agency, and the Ministry of ICT and Innovation on November 24.
The project, which represents the first 'open-air laboratory' on the African continent, according to officials, will use the most advanced precision farming techniques to produce quality seeds in Rwanda.]]>https://api.spreaker.com/episode/52032173Mon, 28 Nov 2022 12:49:12 +0000Africa Business RadioRwanda and Eni, an Italian energy company, have signed four cooperation agreements to develop innovative joint initiatives in agriculture, the protection of unique forest ecosystems, technology, and health. The four agreements were signed with the...The four agreements were signed with the Rwanda Development Board, the Health Ministry, the National Industrial Research and Development Agency, and the Ministry of ICT and Innovation on November 24.
The project, which represents the first 'open-air laboratory' on the African continent, according to officials, will use the most advanced precision farming techniques to produce quality seeds in Rwanda.]]>54africa,africa_business_radio,agriculture,ecosystem,eni_energy,health,news,rwandacleanfullhttps://www.spreaker.com/episode/nigeria-government-sued-over-illegal-pipelines-oil-theft--52032170The suit was filed by SERAP following recent reports of the discovery of at least 58 illegal oil pipelines used to steal the country's oil wealth.
The plaintiffs are also seeking an order directing and compelling the Buhari government to fully recover any proceeds of crime, and to respect, protect, and fulfill the human rights of the people of the Niger Delta that have continued to suffer the effects of oil theft by non-state actors.]]>https://api.spreaker.com/episode/52032170Mon, 28 Nov 2022 12:46:28 +0000Africa Business RadioThe Socio-Economic Rights and Accountability Project has filed a lawsuit against the government of President Muhammadu Buhari over the failure to probe the operations of illegal oil pipelines between 2001 and 2022, to name and prosecute those...The suit was filed by SERAP following recent reports of the discovery of at least 58 illegal oil pipelines used to steal the country's oil wealth.
The plaintiffs are also seeking an order directing and compelling the Buhari government to fully recover any proceeds of crime, and to respect, protect, and fulfill the human rights of the people of the Niger Delta that have continued to suffer the effects of oil theft by non-state actors.]]>66africa_business_radio,news,nigeria,oil_theft,pipeline_vandalizationcleanfullhttps://www.spreaker.com/episode/nigeria-id4d-strengthens-digital-identity-management--52032176He says the project has made adequate provisions for financing institutional capacity development, aimed at building trust and credibility within the country’s ID ecosystem.
He also noted that the project was committed to creating a robust foundational ID system for Nigeria that would involve NIMC and the Civil Registration system under the National Population Commission.
He added that the project had begun engagement with the NPC for areas of support, including digitizing the registration of births and deaths, capacity building, and a review of their legal and institutional frameworks.]]>https://api.spreaker.com/episode/52032176Mon, 28 Nov 2022 12:44:27 +0000Africa Business RadioThe Project Coordinator, Nigeria Digital Identification for Development, Solomon Odole, says that the project is addressing the inadequate infrastructure of the National Identity Management Commission alongside other issues with identity management....He says the project has made adequate provisions for financing institutional capacity development, aimed at building trust and credibility within the country’s ID ecosystem.
He also noted that the project was committed to creating a robust foundational ID system for Nigeria that would involve NIMC and the Civil Registration system under the National Population Commission.
He added that the project had begun engagement with the NPC for areas of support, including digitizing the registration of births and deaths, capacity building, and a review of their legal and institutional frameworks.]]>69africa_business_radio,digital_identification,identity_management,news,nigeria,populationcleanfullhttps://www.spreaker.com/episode/nigerian-governor-adeleke-freezes-state-accounts-reverse-state-s-name--52032174He made the decision in his inaugural speech as the governor of the South-West State on Sunday, saying the move will be backed by the right orders.
He accused his predecessor Gboyega Oyetola of taking some malicious actions against him including the appointment of permanent secretaries.
Governor Adeleke thus issued the directives which will be backed up with appropriate Executive orders]]>https://api.spreaker.com/episode/52032174Mon, 28 Nov 2022 12:42:46 +0000Africa Business RadioGovernor Ademola Adeleke of Osun State has frozen all government accounts and also reversed the state’s name. He made the decision in his inaugural speech as the governor of the South-West State on Sunday, saying the move will be backed by the right...He made the decision in his inaugural speech as the governor of the South-West State on Sunday, saying the move will be backed by the right orders.
He accused his predecessor Gboyega Oyetola of taking some malicious actions against him including the appointment of permanent secretaries.
Governor Adeleke thus issued the directives which will be backed up with appropriate Executive orders]]>50africa_business_radio,news,nigeria,osun_statecleanfullhttps://www.spreaker.com/episode/nigerian-government-pledges-skills-development-to-deepen-420bn-economy--52032178Minister of State for Industry, Trade and Investment, Mariam Katagum, says nations confronted the challenges of poverty, soaring unemployment, and related challenges with skills acquisition, noting that Nigeria must do the same.
Katagum says though agencies like the Industrial Trust Fund had taken advantage of relevant government policies to train hundreds of thousands of Nigerians through various skills intervention programs, more still needed to be done for the rapid growth and development of the nation’s economy.]]>https://api.spreaker.com/episode/52032178Mon, 28 Nov 2022 12:32:50 +0000Africa Business RadioThe Federal Government has pledged to continue skills acquisition programs across Nigeria to deepen the economy estimated at $420bn. Minister of State for Industry, Trade and Investment, Mariam Katagum, says nations confronted the challenges of...Minister of State for Industry, Trade and Investment, Mariam Katagum, says nations confronted the challenges of poverty, soaring unemployment, and related challenges with skills acquisition, noting that Nigeria must do the same.
Katagum says though agencies like the Industrial Trust Fund had taken advantage of relevant government policies to train hundreds of thousands of Nigerians through various skills intervention programs, more still needed to be done for the rapid growth and development of the nation’s economy.]]>60africa_business_radio,economy,investment,news,nigeria,skill_acquisitioncleanfullhttps://www.spreaker.com/episode/nigerian-president-vows-to-hand-over-a-safer-nation--52032172He maintained that the government had done much to curtail the challenges and would end on a high note.
Adesina admitted, however, that one administration cannot fully tackle the country’s security challenges and wants the next government to continue from where President Buhari would stop.]]>https://api.spreaker.com/episode/52032172Mon, 28 Nov 2022 12:30:46 +0000Africa Business RadioPresidential aide Femi Adesina believes his principal President Muhammadu Buhari has done enough to leave a safer nation. He maintained that the government had done much to curtail the challenges and would end on a high note. Adesina admitted,...He maintained that the government had done much to curtail the challenges and would end on a high note.
Adesina admitted, however, that one administration cannot fully tackle the country’s security challenges and wants the next government to continue from where President Buhari would stop.]]>442023_election,africa_business_radio,news,nigeria,securitycleanfullhttps://www.spreaker.com/episode/pollution-caused-238-000-premature-deaths-in-2020--52007648Analysis by the agency shows that air pollution is the largest environmental health risk in Europe and significantly impacts the health of the European population, particularly in urban areas, in spite of declining emissions of all key air pollutants in the EU.
The EEA’s latest estimates show that no fewer than 238,000 people died prematurely in the bloc in 2020 due to exposure to fine particulate matter (PM2.5), with about 96 percent of the urban population exposed to levels above World Health Organisation guidelines.]]>https://api.spreaker.com/episode/52007648Fri, 25 Nov 2022 08:39:49 +0000Africa Business RadioThe European Environment Agency says no fewer than 238,000 people in the European Union died prematurely in 2020 due to exposure to airborne pollutants in spite of an improvement in air quality. Analysis by the agency shows that air pollution is the...Analysis by the agency shows that air pollution is the largest environmental health risk in Europe and significantly impacts the health of the European population, particularly in urban areas, in spite of declining emissions of all key air pollutants in the EU.
The EEA’s latest estimates show that no fewer than 238,000 people died prematurely in the bloc in 2020 due to exposure to fine particulate matter (PM2.5), with about 96 percent of the urban population exposed to levels above World Health Organisation guidelines.]]>80africa_business_radio,climate_change,eu,news,pollutioncleanfullhttps://www.spreaker.com/episode/un-discusses-western-sahara-with-moroccan-king--52007650Morocco controls 80% of the territory and the rest is held by the Polisario movement - which fought with Morocco for years after Spanish forces withdrew in 1975.In October, the UN Security Council called on both sides to resume negotiations
The two leaders met on the sidelines of the United Nations Alliance of Civilizations held in the Moroccan city of Fez.
King Mohammed reaffirmed Morocco's position that the dispute is resolved on the basis of the autonomy initiative, within the framework of the sovereignty and territorial integrity of the Kingdom.]]>https://api.spreaker.com/episode/52007650Fri, 25 Nov 2022 08:33:15 +0000Africa Business RadioUN Secretary-General Antonio Guterres held a meeting with Morocco's King Mohammed VI on Wednesday, where they discussed the disputed Western Sahara region. Morocco controls 80% of the territory and the rest is held by the Polisario movement - which...Morocco controls 80% of the territory and the rest is held by the Polisario movement - which fought with Morocco for years after Spanish forces withdrew in 1975.In October, the UN Security Council called on both sides to resume negotiations
The two leaders met on the sidelines of the United Nations Alliance of Civilizations held in the Moroccan city of Fez.
King Mohammed reaffirmed Morocco's position that the dispute is resolved on the basis of the autonomy initiative, within the framework of the sovereignty and territorial integrity of the Kingdom.]]>71africa_business_radio,morocco,news,un,western_saharacleanfullhttps://www.spreaker.com/episode/south-africa-s-prison-service-opposes-jacob-zuma-s-return-to-jail--52007655The Department of Correctional Services says having carefully studied the judgment, Correctional Services is convinced that another court may arrive at a different conclusion.
The Supreme Court of Appeal had on Monday ordered Mr. Zuma to return to prison after upholding an earlier ruling that his medical parole had been unlawful.
The 80-year-old was given a 15-month sentence last year for contempt of court over his refusal to testify during an investigation into corruption.]]>https://api.spreaker.com/episode/52007655Fri, 25 Nov 2022 08:28:15 +0000Africa Business RadioSouth Africa's prison service says it will challenge a court decision that sent former president Jacob Zuma back to jail. The Department of Correctional Services says having carefully studied the judgment, Correctional Services is convinced that...The Department of Correctional Services says having carefully studied the judgment, Correctional Services is convinced that another court may arrive at a different conclusion.
The Supreme Court of Appeal had on Monday ordered Mr. Zuma to return to prison after upholding an earlier ruling that his medical parole had been unlawful.
The 80-year-old was given a 15-month sentence last year for contempt of court over his refusal to testify during an investigation into corruption.]]>66africa_business_radio,corruption,news,south_africa,zumacleanfullhttps://www.spreaker.com/episode/cessation-of-dr-congo-crisis-hostilities-starts-friday--52007647The statement was signed at the end of a mini-summit in Angola's capital, Luanda, attended by the Rwandan foreign minister and the presidents of DR Congo, Angola, and Burundi.
The signatories agreed an East African regional force would attack M23 positions if the rebels did not withdraw immediately from occupied areas.
The US has welcomed the roadmap outlined in the Luanda summit and urged Rwanda to end its support to the M23.]]>https://api.spreaker.com/episode/52007647Fri, 25 Nov 2022 08:24:49 +0000Africa Business RadioAfrican leaders have declared a cessation of hostilities to start on Friday in the eastern Democratic Republic of Congo where M23 rebels have been making substantial gains in recent months. The statement was signed at the end of a mini-summit in...The statement was signed at the end of a mini-summit in Angola's capital, Luanda, attended by the Rwandan foreign minister and the presidents of DR Congo, Angola, and Burundi.
The signatories agreed an East African regional force would attack M23 positions if the rebels did not withdraw immediately from occupied areas.
The US has welcomed the roadmap outlined in the Luanda summit and urged Rwanda to end its support to the M23.]]>61africa,africa_business_radio,dr_congo,m23_rebels,newscleanfullhttps://www.spreaker.com/episode/nigerian-government-demands-increased-scanner-usage-in-ports--52007659The Minister of Finance, Budget, and National Planning, Dr. Zainab Ahmed, urged the management of the Nigeria Customs Service to collaborate with contractors of the scanners for easy maintenance.
Ahmed says that the newly commissioned scanners had the capacity to detect prohibited imports concealed in cargoes, adding that the scanners would also help to boost the revenue of the service.]]>https://api.spreaker.com/episode/52007659Fri, 25 Nov 2022 08:14:03 +0000Africa Business RadioThe Federal Government has called on the Nigerian Ports Authority, Nigerian Maritime Administration and Safety Agency, and other stakeholders to synergize with the Nigerian Customs Service to achieve 15, 000 monthly scanners’ capacity. The Minister...The Minister of Finance, Budget, and National Planning, Dr. Zainab Ahmed, urged the management of the Nigeria Customs Service to collaborate with contractors of the scanners for easy maintenance.
Ahmed says that the newly commissioned scanners had the capacity to detect prohibited imports concealed in cargoes, adding that the scanners would also help to boost the revenue of the service.]]>63africa_business_radio,news,nigerian_port,scanners,securitycleanfullhttps://www.spreaker.com/episode/nigeria-s-appeal-court-upholds-conviction-of-maina-s-son--52007649Maina, the former chairman of the defunct Pension Reform Taskforce Team, is serving an eight-year jail term at Kuje Prison in Abuja for pension fraud to the tune of N2 billion and his son has been named an accomplice.
In the judgment by Justice Ugochukwu Anthony Ogakwu, the court held that Justice Okon Abang of the Federal High Court, Abuja was right to have convicted Faisal.]]>https://api.spreaker.com/episode/52007649Fri, 25 Nov 2022 08:11:56 +0000Africa Business RadioThe Appellate Court in Abuja has upheld the conviction of Faisal, the son of Abdulrasheed Maina, for conspiracy and money laundering. Maina, the former chairman of the defunct Pension Reform Taskforce Team, is serving an eight-year jail term at Kuje...Maina, the former chairman of the defunct Pension Reform Taskforce Team, is serving an eight-year jail term at Kuje Prison in Abuja for pension fraud to the tune of N2 billion and his son has been named an accomplice.
In the judgment by Justice Ugochukwu Anthony Ogakwu, the court held that Justice Okon Abang of the Federal High Court, Abuja was right to have convicted Faisal.]]>65africa_business_radio,money_laundering,news,nigeriacleanfullhttps://www.spreaker.com/episode/british-high-commission-committed-to-a-successful-election-in-nigeria--52007654The BHC says the execution of the 2023 election would be a significant milestone for Nigeria while admitting that worsening economic crisis and security challenges would be potential threats to the election,
The chairman of the Independent National Electoral Commission, Prof. Mahmood Yakubu, says the commission was mobilizing every national institution to track campaign financing and combat the illicit flow of funds.
The Convener of NCSSR, Ene Obi, says the forum would critically assess the current political environment and make recommendations and suggestions in the preparations and conduct of the 2023 general elections.]]>https://api.spreaker.com/episode/52007654Fri, 25 Nov 2022 08:03:36 +0000Africa Business RadioThe British High Commission, says it was committed to a successful general election in 2023 because the world would be watching Nigeria. The BHC says the execution of the 2023 election would be a significant milestone for Nigeria while admitting that...The BHC says the execution of the 2023 election would be a significant milestone for Nigeria while admitting that worsening economic crisis and security challenges would be potential threats to the election,
The chairman of the Independent National Electoral Commission, Prof. Mahmood Yakubu, says the commission was mobilizing every national institution to track campaign financing and combat the illicit flow of funds.
The Convener of NCSSR, Ene Obi, says the forum would critically assess the current political environment and make recommendations and suggestions in the preparations and conduct of the 2023 general elections.]]>912023_election,africa_business_radio,britain,high_commissioncleanfullhttps://www.spreaker.com/episode/nigeria-passes-bill-on-interest-free-student-loans--52007658The sponsor of the bill and speaker of the House of Representatives, Femi Gbajabiamila, says that the Nigerian Education Bank will offer interest-free loans to higher education students in Nigeria.
If signed into law, it is expected to enable students get more financial support from the government. The bill says the bank shall have the powers to approve and disburse the loan to qualified applicants.
It will also monitor the students’ loan account/fund and ensure compliance in respect of disbursement.
The loan beneficiaries are expected to start paying back the loan as soon as they gain employment, upon completion of their studies and mandatory national service.]]>https://api.spreaker.com/episode/52007658Fri, 25 Nov 2022 07:55:30 +0000Africa Business RadioThe Nigerian parliament has passed a bill seeking to establish a bank that can grant loans to students in higher institutions of learning - which include universities and colleges. The sponsor of the bill and speaker of the House of Representatives,...The sponsor of the bill and speaker of the House of Representatives, Femi Gbajabiamila, says that the Nigerian Education Bank will offer interest-free loans to higher education students in Nigeria.
If signed into law, it is expected to enable students get more financial support from the government. The bill says the bank shall have the powers to approve and disburse the loan to qualified applicants.
It will also monitor the students’ loan account/fund and ensure compliance in respect of disbursement.
The loan beneficiaries are expected to start paying back the loan as soon as they gain employment, upon completion of their studies and mandatory national service.]]>79africa_business_radio,financial_support,internet_free,lawmakers,news,nigeria,student_loancleanfullhttps://www.spreaker.com/episode/nigerian-president-unveils-redesigned-naira-notes--52007652The CBN Governor, Mr. Godwin Emefiele debunked insinuations suggesting that the early unveiling of the new notes is a means to target some Nigerians.
Mr. Emefiele appealed to members of the public, urging them to desist from making such speculation, adding that there is no need to perpetuate any such information.
He says the CBN will intensify the monitoring process and interrogate the process of withdrawals.
The president appealed to Nigerians and urged them to embrace the new policy to re-design the naira.]]>https://api.spreaker.com/episode/52007652Fri, 25 Nov 2022 07:53:08 +0000Africa Business RadioPresident Muhammadu Buhari unveiled the re-designed Naira Notes as proposed by the Central Bank of Nigeria. The CBN Governor, Mr. Godwin Emefiele debunked insinuations suggesting that the early unveiling of the new notes is a means to target some...The CBN Governor, Mr. Godwin Emefiele debunked insinuations suggesting that the early unveiling of the new notes is a means to target some Nigerians.
Mr. Emefiele appealed to members of the public, urging them to desist from making such speculation, adding that there is no need to perpetuate any such information.
He says the CBN will intensify the monitoring process and interrogate the process of withdrawals.
The president appealed to Nigerians and urged them to embrace the new policy to re-design the naira.]]>78africa_business_radio,apex_bank,naira_notes,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-recovers-one-billion-dollars-looted-funds-since-2015--52007653The Attorney General of the Federation and Minister of Justice, Abubakar Malami noted that the recovered assets, deployed to various sectors of the economy particularly to address poverty alleviation, have made a huge impact on poverty levels and the nation's economy.
He declared that the Council has given approval for an anti-corruption strategy document to strengthen the anti-graft fight in the country.
The AGF expressed the Federal government’s worry over recurrent cases of budget padding, asserting that necessary measures would be explored to tackle it.]]>https://api.spreaker.com/episode/52007653Fri, 25 Nov 2022 07:48:09 +0000Africa Business RadioThe Federal Government says it has made a recovery of one billion dollars since the inception of the President Muhammadu Buhari administration in May 2015 till date. The Attorney General of the Federation and Minister of Justice, Abubakar Malami...The Attorney General of the Federation and Minister of Justice, Abubakar Malami noted that the recovered assets, deployed to various sectors of the economy particularly to address poverty alleviation, have made a huge impact on poverty levels and the nation's economy.
He declared that the Council has given approval for an anti-corruption strategy document to strengthen the anti-graft fight in the country.
The AGF expressed the Federal government’s worry over recurrent cases of budget padding, asserting that necessary measures would be explored to tackle it.]]>73africa_business_radio,looted_funds,news,nigeriacleanfullhttps://www.spreaker.com/episode/eu-raises-alarm-over-escalating-serbia-kosovo-car-plates-dispute--51989203The EU’s high representative, Josep Borrell, invited Serbian President Aleksandar Vucic and Kosovo Prime Minister Albin Kurti to Brussels for emergency talks on Monday.
Borrell says that there is an important responsibility on the sides of both leaders for the failure of the talks today and for any escalation and violence that might occur on the ground in the following days.
Serbs in the northern part of the country have resisted, sometimes violently, but Kosovo has said it will start issuing fines from Tuesday.]]>https://api.spreaker.com/episode/51989203Wed, 23 Nov 2022 12:37:44 +0000Africa Business RadioThe European Union’s foreign policy chief has warned of escalation and violence after emergency talks between Kosovo and Serbia failed to resolve their long-running dispute over car license plates used by the ethnic Serb minority in Kosovo. The EU’s...The EU’s high representative, Josep Borrell, invited Serbian President Aleksandar Vucic and Kosovo Prime Minister Albin Kurti to Brussels for emergency talks on Monday.
Borrell says that there is an important responsibility on the sides of both leaders for the failure of the talks today and for any escalation and violence that might occur on the ground in the following days.
Serbs in the northern part of the country have resisted, sometimes violently, but Kosovo has said it will start issuing fines from Tuesday.]]>64africa_business_radio,european_union,kosovo,news,serbiacleanfullhttps://www.spreaker.com/episode/uk-steps-out-of-brexit-deal-that-relies-on-eu-law-alignment--51989205It follows reports that some in government want to move towards a Swiss-style deal, with less trading friction and more migration.
Mr. Sunak told business leaders that control of migration was one of the immediate benefits of Brexit.
He argued that the UK was now able to have proper control of its borders.
He says the UK was free to pursue trade deals with the world's fastest-growing economies.]]>https://api.spreaker.com/episode/51989205Wed, 23 Nov 2022 12:36:21 +0000Africa Business RadioPrime Minister Rishi Sunak says the UK will not pursue any post-Brexit relationship with the EU that relies on alignment with EU laws. It follows reports that some in government want to move towards a Swiss-style deal, with less trading friction and...It follows reports that some in government want to move towards a Swiss-style deal, with less trading friction and more migration.
Mr. Sunak told business leaders that control of migration was one of the immediate benefits of Brexit.
He argued that the UK was now able to have proper control of its borders.
He says the UK was free to pursue trade deals with the world's fastest-growing economies.]]>50africa_business_radio,brexit_deal,eu,europe,newscleanfullhttps://www.spreaker.com/episode/penguin-scraps-2-2bn-deal-to-buy-rival-publisher--51989209Penguin's parent company Bertelsmann says Paramount Global, the owner of Simon & Schuster, decided not to appeal the ruling.
The proposed deal would have cemented Penguin Random House's position as the world's largest book publisher.
The US government argued that Penguin and Simon & Schuster combined would control nearly half the market for publishing rights of blockbuster books.]]>https://api.spreaker.com/episode/51989209Wed, 23 Nov 2022 12:33:37 +0000Africa Business RadioPublishing giant Penguin Random House has scrapped a $2.2bn planned takeover of rival Simon & Schuster. Penguin's parent company Bertelsmann says Paramount Global, the owner of Simon & Schuster, decided not to appeal the ruling. The proposed deal...Penguin's parent company Bertelsmann says Paramount Global, the owner of Simon & Schuster, decided not to appeal the ruling.
The proposed deal would have cemented Penguin Random House's position as the world's largest book publisher.
The US government argued that Penguin and Simon & Schuster combined would control nearly half the market for publishing rights of blockbuster books.]]>50africa_business_radio,news,penguin,publishercleanfullhttps://www.spreaker.com/episode/mali-bans-french-funded-ngos--51989208Humanitarian groups are included in the ban.
The junta says the move followed France's decision to stop development aid over Bamako's alleged use of paramilitaries from the Russian Wagner group.
Mali's interim Prime Minister Colonel Abdoulaye Maïga denied those allegations, saying they were aimed a destabilizing the country.
Mali's foreign ministry described the French government as dehumanizing aid for their people and said France was using the funds to blackmail governments and support the terrorist groups in Mali.]]>https://api.spreaker.com/episode/51989208Wed, 23 Nov 2022 12:31:45 +0000Africa Business RadioThe military rulers in Mali have banned all non-governmental organisations that are funded or supported by France from operating in the country. Humanitarian groups are included in the ban. The junta says the move followed France's decision to stop...Humanitarian groups are included in the ban.
The junta says the move followed France's decision to stop development aid over Bamako's alleged use of paramilitaries from the Russian Wagner group.
Mali's interim Prime Minister Colonel Abdoulaye Maïga denied those allegations, saying they were aimed a destabilizing the country.
Mali's foreign ministry described the French government as dehumanizing aid for their people and said France was using the funds to blackmail governments and support the terrorist groups in Mali.]]>58africa,africa_business_radio,france,mali,news,ngo'scleanfullhttps://www.spreaker.com/episode/bank-of-ghana-withdraws-foreign-exchange-support-to-improve-importation--51989206It says the items include rice, poultry, vegetable oil, toothpicks, pasta, fruit juice, bottled water, ceramic tiles, and other non-critical goods - items that can be locally produced in the country.
The President says the government would review the current import regime to help bring stability to the economy.
He says the country will reduce its dependence on imported goods, and enhance self-reliance, as demanded by the overarching goal of creating a Ghana beyond Aid.]]>https://api.spreaker.com/episode/51989206Wed, 23 Nov 2022 12:29:38 +0000Africa Business RadioThe Bank of Ghana has stated that it will no longer provide foreign exchange support to importers for the importation of some products into the country. It says the items include rice, poultry, vegetable oil, toothpicks, pasta, fruit juice, bottled...It says the items include rice, poultry, vegetable oil, toothpicks, pasta, fruit juice, bottled water, ceramic tiles, and other non-critical goods - items that can be locally produced in the country.
The President says the government would review the current import regime to help bring stability to the economy.
He says the country will reduce its dependence on imported goods, and enhance self-reliance, as demanded by the overarching goal of creating a Ghana beyond Aid.]]>58africa_business_radio,foreign_exchange,ghana,importation,newscleanfullhttps://www.spreaker.com/episode/nigerian-government-to-award-contracts-for-broadband-projects--51989204It stated that the projects about to be awarded were approved recently by the Federal Executive Council, following the presentation by the Minister of Communications and Digital Economy, Isa Pantami.
Director, of Public Affairs, Nigerian Communications Commission, Reuben Muoka, says, the projects are expected to be completed within six months from the date of the award.]]>https://api.spreaker.com/episode/51989204Wed, 23 Nov 2022 12:27:14 +0000Africa Business RadioThe Federal Government announced that it would award contracts for the provision of broadband infrastructure in various sectors across the six geopolitical zones on Thursday. It stated that the projects about to be awarded were approved recently by...It stated that the projects about to be awarded were approved recently by the Federal Executive Council, following the presentation by the Minister of Communications and Digital Economy, Isa Pantami.
Director, of Public Affairs, Nigerian Communications Commission, Reuben Muoka, says, the projects are expected to be completed within six months from the date of the award.]]>51africa_business_radio,government_broadband,news,nigeriacleanfullhttps://www.spreaker.com/episode/price-of-cooking-gas-rises-by-0-21-in-october--51989207The National Bureau of Statistics says on a year-on-year basis, the increase was 70.62 percent from N2,627.94 in October 2021 to N4,483.75 in October 2022.
The report shows that Kwara recorded the highest average price at N4,955 for 5kg of cooking gas, followed by Niger at N4,950 and Adamawa at N4,940.29.
The report states that Abia recorded the lowest price at N4,045.45, followed by Kano and Delta at N4,100 and N4,139.29, respectively.]]>https://api.spreaker.com/episode/51989207Wed, 23 Nov 2022 12:24:57 +0000Africa Business RadioThe average price of 5kg cooking gas increased from N4,474.48 in September to N4,483.75 in October, representing a 0.21% rise. The National Bureau of Statistics says on a year-on-year basis, the increase was 70.62 percent from N2,627.94 in October...The National Bureau of Statistics says on a year-on-year basis, the increase was 70.62 percent from N2,627.94 in October 2021 to N4,483.75 in October 2022.
The report shows that Kwara recorded the highest average price at N4,955 for 5kg of cooking gas, followed by Niger at N4,950 and Adamawa at N4,940.29.
The report states that Abia recorded the lowest price at N4,045.45, followed by Kano and Delta at N4,100 and N4,139.29, respectively.]]>83africa_business_radio,cooking_gas,news,nigeriacleanfullhttps://www.spreaker.com/episode/international-monetary-faults-nigeria-s-fiscal-monetary-policies--51989210The IMF advised the Federal Government to tighten up its fiscal policy through investments in critical sectors capable of putting the economy on a better path in the long term.
The IMF says While monetary policy has the tools to subdue inflation, fiscal policy can put the economy on a sounder long-term footing through investment in infrastructure, health care, and education; fair distribution of incomes and opportunities through an equitable tax and transfer system; and provision of basic public services.]]>https://api.spreaker.com/episode/51989210Wed, 23 Nov 2022 12:20:22 +0000Africa Business RadioThe International Monetary Fund has faulted the Central Bank of Nigeria’s monetary policy, saying that it has been ineffective in the fight against rising inflation. The IMF advised the Federal Government to tighten up its fiscal policy through...The IMF advised the Federal Government to tighten up its fiscal policy through investments in critical sectors capable of putting the economy on a better path in the long term.
The IMF says While monetary policy has the tools to subdue inflation, fiscal policy can put the economy on a sounder long-term footing through investment in infrastructure, health care, and education; fair distribution of incomes and opportunities through an equitable tax and transfer system; and provision of basic public services.]]>59africa_business_radio,fiscal_policy,imf,inflation,monetary_policy,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-boosts-local-production-for-forex-earnings--51989212The Minister of Industry, Trade and Investment, Niyi Adebayo, says practitioners in the non-oil export value chain should adhere to global best practices for their products to receive acceptability with zero export rejection.
He stressed that Nigerian products must be competitive in the international market to drive foreign exchange earnings and provide a buffer against externalities.
Adebayo says there was no gainsaying the fact that with the Export4Survival campaign, significant mileage would be gained in the volume and value of exported Nigerian products and services.]]>https://api.spreaker.com/episode/51989212Wed, 23 Nov 2022 12:18:13 +0000Africa Business RadioThe Federal Government is targeting zero rejection of Nigerian products in the global market to drive foreign exchange earnings and boost revenue. The Minister of Industry, Trade and Investment, Niyi Adebayo, says practitioners in the non-oil export...The Minister of Industry, Trade and Investment, Niyi Adebayo, says practitioners in the non-oil export value chain should adhere to global best practices for their products to receive acceptability with zero export rejection.
He stressed that Nigerian products must be competitive in the international market to drive foreign exchange earnings and provide a buffer against externalities.
Adebayo says there was no gainsaying the fact that with the Export4Survival campaign, significant mileage would be gained in the volume and value of exported Nigerian products and services.]]>64africa_business_radio,export,forex_exchange,investment,news,nigeria,tradecleanfullhttps://www.spreaker.com/episode/petrol-electricity-subsidies-hurting-poor-nigerians--51989213The bank says Nigeria’s resources had been consumed by inefficient and regressive subsidiaries on petrol, electricity, and foreign exchange.
It added that the subsidies were far more than what was spent on education, health, and social protection in 2021.
It further noted that Nigeria had one of the lowest public expenditure and revenue levels in the world, undermining the government’s ability to improve service delivery.]]>https://api.spreaker.com/episode/51989213Wed, 23 Nov 2022 12:15:00 +0000Africa Business RadioThe World Bank says that subsidies benefit only rich households and reduce government spending on poor Nigerians. The bank says Nigeria’s resources had been consumed by inefficient and regressive subsidiaries on petrol, electricity, and foreign...The bank says Nigeria’s resources had been consumed by inefficient and regressive subsidiaries on petrol, electricity, and foreign exchange.
It added that the subsidies were far more than what was spent on education, health, and social protection in 2021.
It further noted that Nigeria had one of the lowest public expenditure and revenue levels in the world, undermining the government’s ability to improve service delivery.]]>52africa_business_radio,foreign_exchange,inflation,news,subsidy,world_bankcleanfullhttps://www.spreaker.com/episode/malaysian-currency-stocks-fall-as-vote-ends-in-hung-parliament--51964797Kuala Lumpur’s benchmark index fell as much as 1.5 percent.
Malaysia’s national election on Saturday failed to produce a clear winner, with neither the Pakatan Harapan (PH) nor Perikatan Nasional (PN) coalitions securing the required 112 seats to form the government.
Malaysia’s King Sultan Abdullah Sultan Ahmad Shah extended by 24 hours a deadline for legislators to notify the palace of their preferred government, shortly before the original deadline was set to expire at 2 pm.]]>https://api.spreaker.com/episode/51964797Mon, 21 Nov 2022 13:11:38 +0000Africa Business RadioMalaysia’s stock market and currency dipped after a national election produced the Southeast Asian nation’s first hung parliament, setting off a scramble to form a coalition before a Monday afternoon deadline. Kuala Lumpur’s benchmark index fell as...Kuala Lumpur’s benchmark index fell as much as 1.5 percent.
Malaysia’s national election on Saturday failed to produce a clear winner, with neither the Pakatan Harapan (PH) nor Perikatan Nasional (PN) coalitions securing the required 112 seats to form the government.
Malaysia’s King Sultan Abdullah Sultan Ahmad Shah extended by 24 hours a deadline for legislators to notify the palace of their preferred government, shortly before the original deadline was set to expire at 2 pm.]]>77africa_business_radio,hung_parliament,malaysia,newscleanfullhttps://www.spreaker.com/episode/musk-lifts-donald-trump-s-twitter-ban--51964800Twitter's previous management acted just days after Donald Trump's supporters stormed the US Capitol in Washington DC on 6 January.
Hundreds of rioters entered the complex as the US Congress attempted to certify Joe Biden's victory in the presidential election. The ensuing violence led to the deaths of four civilians and a police officer.
Earlier this week, the Republican announced that he would once again run for the US presidency in 2024.]]>https://api.spreaker.com/episode/51964800Mon, 21 Nov 2022 13:07:43 +0000Africa Business RadioTwitter's new owner Elon Musk says Donald Trump's account has been reinstated after running a poll in which users narrowly backed the move. Twitter's previous management acted just days after Donald Trump's supporters stormed the US Capitol in...Twitter's previous management acted just days after Donald Trump's supporters stormed the US Capitol in Washington DC on 6 January.
Hundreds of rioters entered the complex as the US Congress attempted to certify Joe Biden's victory in the presidential election. The ensuing violence led to the deaths of four civilians and a police officer.
Earlier this week, the Republican announced that he would once again run for the US presidency in 2024.]]>55africa_business_radio,elon_musk,news,social_media,trump,twittercleanfullhttps://www.spreaker.com/episode/ftx-crypto-exchange-owes-biggest-creditors-3-1bn--51964799The embattled firm, which filed for bankruptcy in the US last week, says it owes about $1.45bn to its top 10 creditors but has not named any.
The collapse of the world's second-largest crypto exchange shook confidence in the already troubled cryptocurrency market.
FTX's previous bankruptcy filings revealed more than one million people and businesses could be owed money following its collapse.
FTX says it had launched a review of its global assets and was preparing for the sale or reorganisation of some businesses.]]>https://api.spreaker.com/episode/51964799Mon, 21 Nov 2022 13:06:11 +0000Africa Business RadioCryptocurrency exchange FTX owes its 50 largest creditors almost $3.1bn. The embattled firm, which filed for bankruptcy in the US last week, says it owes about $1.45bn to its top 10 creditors but has not named any. The collapse of the world's...The embattled firm, which filed for bankruptcy in the US last week, says it owes about $1.45bn to its top 10 creditors but has not named any.
The collapse of the world's second-largest crypto exchange shook confidence in the already troubled cryptocurrency market.
FTX's previous bankruptcy filings revealed more than one million people and businesses could be owed money following its collapse.
FTX says it had launched a review of its global assets and was preparing for the sale or reorganisation of some businesses.]]>58africa_business_radio,bankruptcy,cryptcurrency,ftx,global_assestcleanfullhttps://www.spreaker.com/episode/french-speaking-countries-discusses-conflict-in-africa--51964802The head of the group, Louise Mushikiwabo, says there were long debates about the main conflict zones.
She says the group could support and quicken efforts to mediate between parties in conflict.
The prime minister of the Democratic Republic of Congo, Jean-Michel Sama Lukonde, refused to pose for a group photo next to the Rwandan president, Paul Kagame.
Kinshasa has accused him of supporting M23 rebels fighting in eastern DR Congo.
Rwanda has always denied the allegations.]]>https://api.spreaker.com/episode/51964802Mon, 21 Nov 2022 12:59:14 +0000Africa Business RadioThe leaders of French-speaking countries have held a summit on the Tunisian island of Djerba to discuss growing instability in Francophone African countries. The head of the group, Louise Mushikiwabo, says there were long debates about the main...The head of the group, Louise Mushikiwabo, says there were long debates about the main conflict zones.
She says the group could support and quicken efforts to mediate between parties in conflict.
The prime minister of the Democratic Republic of Congo, Jean-Michel Sama Lukonde, refused to pose for a group photo next to the Rwandan president, Paul Kagame.
Kinshasa has accused him of supporting M23 rebels fighting in eastern DR Congo.
Rwanda has always denied the allegations.]]>60africa,africa_business_radio,francophone,newscleanfullhttps://www.spreaker.com/episode/the-united-arab-emirates-places-visa-ban-on-uganda--51964795Other countries affected by the visa ban include Ghana, Sierra Leone, Sudan, Cameroon, Nigeria, Liberia, Burundi, Republic of Guinea, Gambia, Togo, Democratic Republic of Congo, Senegal, Benin, Ivory Coast, Congo, Rwanda, Burkina Faso, Guinea Bissau, Comoros, and the Dominican Republic.
In a notice issued to trade partners including travel agents, authorities indicated that all applications should be rejected.]]>https://api.spreaker.com/episode/51964795Mon, 21 Nov 2022 12:55:46 +0000Africa Business RadioAuthorities in the United Arab Emirates have announced a visa ban slapped on Ugandans and 20 other nationalities seeking to visit Dubai with immediate effect. Other countries affected by the visa ban include Ghana, Sierra Leone, Sudan, Cameroon,...Other countries affected by the visa ban include Ghana, Sierra Leone, Sudan, Cameroon, Nigeria, Liberia, Burundi, Republic of Guinea, Gambia, Togo, Democratic Republic of Congo, Senegal, Benin, Ivory Coast, Congo, Rwanda, Burkina Faso, Guinea Bissau, Comoros, and the Dominican Republic.
In a notice issued to trade partners including travel agents, authorities indicated that all applications should be rejected.]]>63africa,africa_business_radio,news,uae,uganda,visa_bancleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-to-block-reckless-spending-by-revenue-generating-agencies--51964813Federal lawmakers are proposing a drastic measure to help the country out of the fiscal hole by placing eight revenue-generating agencies on financial autonomy.
The National Assembly has moved to stop the agencies from spending their revenue arbitrarily by placing them on the cost of collection percentage.
In 2023-2025, Medium Term Expenditure Framework and Fiscal Strategy Paper passed by the lawmakers, the Nigerian Communications Commission, Corporate Affairs Commission, Nigerian Port Authority, Joint Admission and Matriculation Board, National Upstream Petroleum Regulation Commission, the National Midstream and Downstream Regulatory Authority, National Agency for Food and Drug Administration and Control, and Nigerian Maritime Administration and Safety Agency will henceforth operate under the 'cost of collection.]]>https://api.spreaker.com/episode/51964813Mon, 21 Nov 2022 12:54:10 +0000Africa Business RadioLawmakers want to place eight federal revenue-generating agencies on a cost-of-collection percentage to stop the agencies from spending their revenue arbitrarily Federal lawmakers are proposing a drastic measure to help the country out of the fiscal...Federal lawmakers are proposing a drastic measure to help the country out of the fiscal hole by placing eight revenue-generating agencies on financial autonomy.
The National Assembly has moved to stop the agencies from spending their revenue arbitrarily by placing them on the cost of collection percentage.
In 2023-2025, Medium Term Expenditure Framework and Fiscal Strategy Paper passed by the lawmakers, the Nigerian Communications Commission, Corporate Affairs Commission, Nigerian Port Authority, Joint Admission and Matriculation Board, National Upstream Petroleum Regulation Commission, the National Midstream and Downstream Regulatory Authority, National Agency for Food and Drug Administration and Control, and Nigerian Maritime Administration and Safety Agency will henceforth operate under the 'cost of collection.]]>80africa_business_radio,financial_autonomy,news,nigerian_lawmakers,revenue_generationcleanfullhttps://www.spreaker.com/episode/nigeria-s-electoral-body-bans-underage-voting-in-2023-elections--51964796The Director of Voter Education and Publicity, INEC, Victor Aluko, says that the register will be cleaned up completely and no underage voter will vote in 2023.
Aluko stated that after collating the complaints, INEC’s revision officers at various levels could work on them.
The National Commissioner, INEC, Festus Okoye, however, assured Nigerians that it was committed to cleaning up the register and punishing those found guilty of tampering with its integrity.]]>https://api.spreaker.com/episode/51964796Mon, 21 Nov 2022 12:51:59 +0000Africa Business RadioThe Independent National Electoral Commission has reiterated its assurance to the Nigerian electorate that citizens who have yet to attain the legal voting age will not be allowed to participate in the polls. The Director of Voter Education and...The Director of Voter Education and Publicity, INEC, Victor Aluko, says that the register will be cleaned up completely and no underage voter will vote in 2023.
Aluko stated that after collating the complaints, INEC’s revision officers at various levels could work on them.
The National Commissioner, INEC, Festus Okoye, however, assured Nigerians that it was committed to cleaning up the register and punishing those found guilty of tampering with its integrity.]]>612023_election,africa_business_radio,electoral_body,news,nigeria,underage_votingcleanfullhttps://www.spreaker.com/episode/nigeria-drops-to-seventh-on-opec-production-list--51964801Nigeria’s output was a mere 1.014 million barrels per day in October, ranking seventh after Saudi Arabia, United Arab Emirates, Kuwait, Iraq, Angola, and Algeria.
While Nigeria’s production was 1. 014mb/d in October, Angola produced 1. 051mb/d; Algeria, 1.060mb/d; Kuwait 2.811mb/d; UAE, 3.188mb/d; Iraq, 4.651mb/d; and Saudi Arabia, 10. 957mb/d.
While Venezuela’s production was 711b/d, Equatorial Guinea’s was 57b/d. The likes of Gabon, Libya, and Iran did not produce a barrel in the month.]]>https://api.spreaker.com/episode/51964801Mon, 21 Nov 2022 12:49:39 +0000Africa Business RadioNigeria now ranks seventh on the Organisation of the Petroleum Exporting Countries’ crude oil production list, according to the organisation’s Monthly Oil Market Report for November, which examined oil production performance in October. Nigeria’s...Nigeria’s output was a mere 1.014 million barrels per day in October, ranking seventh after Saudi Arabia, United Arab Emirates, Kuwait, Iraq, Angola, and Algeria.
While Nigeria’s production was 1. 014mb/d in October, Angola produced 1. 051mb/d; Algeria, 1.060mb/d; Kuwait 2.811mb/d; UAE, 3.188mb/d; Iraq, 4.651mb/d; and Saudi Arabia, 10. 957mb/d.
While Venezuela’s production was 711b/d, Equatorial Guinea’s was 57b/d. The likes of Gabon, Libya, and Iran did not produce a barrel in the month.]]>84africa_business_radio,news,nigeria,oil_export,opeccleanfullhttps://www.spreaker.com/episode/nigeria-exported-36-value-added-products-in-h1--51964812The Chief Executive Officer, of NEPC, Ezra Yakusak, says the export of primary products was valued at 33 percent while semi-processed and manufactured products constituted 36 percent.
He says the situation showed that Nigerian firms are imbibing the value-addition culture in exports, noting that his agency would continue to sensitize exporters on the need to ship out more value-added products.
He says the export week would provide a path for business and sector-led activities to thrive while helping entrepreneurs, particularly SMEs, to look out for new opportunities in the sector.]]>https://api.spreaker.com/episode/51964812Mon, 21 Nov 2022 12:46:21 +0000Africa Business RadioThe Nigerian Export Promotion Council says Nigerian businesses exported 36 percent of value-added products in the first six months of 2022. The Chief Executive Officer, of NEPC, Ezra Yakusak, says the export of primary products was valued at 33...The Chief Executive Officer, of NEPC, Ezra Yakusak, says the export of primary products was valued at 33 percent while semi-processed and manufactured products constituted 36 percent.
He says the situation showed that Nigerian firms are imbibing the value-addition culture in exports, noting that his agency would continue to sensitize exporters on the need to ship out more value-added products.
He says the export week would provide a path for business and sector-led activities to thrive while helping entrepreneurs, particularly SMEs, to look out for new opportunities in the sector.]]>67africa_business_radio,business,export,news,nigeria,value_added_productscleanfullhttps://www.spreaker.com/episode/nigeria-risks-food-crisis-in-2023--51964803The National Bureau of Statistics says food inflation hit 23.72 percent on a year-on-year basis in October 2022, with inflation on certain food items rising to between 50 – 100 per cent.
The IMF added that the volatility in the value of the naira, the Federal Government’s continued dependence on the Central Bank of Nigeria for financing its budget deficit, and climate change were also risk factors.
The Washington-based lender says the effects of recent flooding and high fertilizer prices could become more entrenched impacting negatively both agricultural production and food prices in 2023.]]>https://api.spreaker.com/episode/51964803Mon, 21 Nov 2022 12:44:16 +0000Africa Business RadioThe International Monetary Fund says that Nigerians should brace up for higher food prices/ risks in 2023 due to recent floods and high fertilizer prices. The National Bureau of Statistics says food inflation hit 23.72 percent on a year-on-year basis...The National Bureau of Statistics says food inflation hit 23.72 percent on a year-on-year basis in October 2022, with inflation on certain food items rising to between 50 – 100 per cent.
The IMF added that the volatility in the value of the naira, the Federal Government’s continued dependence on the Central Bank of Nigeria for financing its budget deficit, and climate change were also risk factors.
The Washington-based lender says the effects of recent flooding and high fertilizer prices could become more entrenched impacting negatively both agricultural production and food prices in 2023.]]>692023_election,africa_business_radio,food_inflation,imf,inflation,news,nigeriacleanfullhttps://www.spreaker.com/episode/elon-musk-tells-twitter-staff-to-work-long-hours-or-leave--51936929The social media firm's new owner says workers should agree to the pledge if they wanted to stay.
He says those who do not sign up will be given three months' severance pay.
Mr Musk says that Twitter will need to be extremely hardcore in order to succeed.]]>https://api.spreaker.com/episode/51936929Fri, 18 Nov 2022 09:02:40 +0000Africa Business RadioElon Musk has told Twitter staff that they must commit to working long hours at high intensity or else leave the company. The social media firm's new owner says workers should agree to the pledge if they wanted to stay. He says those who do not sign...The social media firm's new owner says workers should agree to the pledge if they wanted to stay.
He says those who do not sign up will be given three months' severance pay.
Mr Musk says that Twitter will need to be extremely hardcore in order to succeed.]]>61africa_business_radio,elon_musk,news,social_media,twittercleanfullhttps://www.spreaker.com/episode/energy-bills-push-uk-inflation-to-41-year-high--51936927Food price inflation hit 16.2% in the year to October, up from 14.5% in September.
Energy and fuel costs also rose sharply, pushing the overall inflation rate to its highest level since 1981.
The Office for National Statistics says it was hitting poorer households hardest, as they spent around half of their income on food and energy, compared to about a third for those on middle incomes.]]>https://api.spreaker.com/episode/51936927Fri, 18 Nov 2022 09:00:20 +0000Africa Business RadioFood prices are rising at their fastest rate for 45 years, with the cost of basics such as milk, cheese, and eggs surging. Food price inflation hit 16.2% in the year to October, up from 14.5% in September. Energy and fuel costs also rose sharply,...Food price inflation hit 16.2% in the year to October, up from 14.5% in September.
Energy and fuel costs also rose sharply, pushing the overall inflation rate to its highest level since 1981.
The Office for National Statistics says it was hitting poorer households hardest, as they spent around half of their income on food and energy, compared to about a third for those on middle incomes.]]>69africa_business_radio,energy_bill,inflation,news,u.kcleanfullhttps://www.spreaker.com/episode/fresh-russian-strikes-hit-cities-across-ukraine--51936950Kyiv regional officials announced that Two cruise missiles were shot down over Kyiv.
Prime Minister Denys Shmygal says they are shelling our gas production and our enterprises in Dnipro at an economic forum in Kyiv, the Interfax.
Ukrainian energy company Ukrenergo warned about power outages throughout Ukraine, as consumption increased due to temperatures falling sharply.]]>https://api.spreaker.com/episode/51936950Fri, 18 Nov 2022 08:57:42 +0000Africa Business RadioOfficials say Fresh Russian strikes hit cities across Ukraine the latest in a series of attacks that have crippled Ukrainian energy infrastructure. Kyiv regional officials announced that Two cruise missiles were shot down over Kyiv. Prime Minister...Kyiv regional officials announced that Two cruise missiles were shot down over Kyiv.
Prime Minister Denys Shmygal says they are shelling our gas production and our enterprises in Dnipro at an economic forum in Kyiv, the Interfax.
Ukrainian energy company Ukrenergo warned about power outages throughout Ukraine, as consumption increased due to temperatures falling sharply.]]>77africa_business_radio,news,russia,ukrainecleanfullhttps://www.spreaker.com/episode/serbia-ends-visa-free-travel-for-burundians--51936931The EU Commission says it would consider suspending Serbia’s own visa-waiver rights to the bloc if it failed to curtail migrants using it as a gateway to the European Union.
President Aleksandar Vucic held talks with Austrian and Hungarian leaders and agreed to deploy more police resources along Serbia’s southern border, a major route for undocumented migrants.]]>https://api.spreaker.com/episode/51936931Fri, 18 Nov 2022 08:53:41 +0000Africa Business RadioSerbia is introducing visas for Tunisian and Burundian citizens, responding to EU criticism that the country is a backdoor into the bloc for migrants. Turks and Indians are expected to join them shortly. The EU Commission says it would consider...The EU Commission says it would consider suspending Serbia’s own visa-waiver rights to the bloc if it failed to curtail migrants using it as a gateway to the European Union.
President Aleksandar Vucic held talks with Austrian and Hungarian leaders and agreed to deploy more police resources along Serbia’s southern border, a major route for undocumented migrants.]]>57africa_business_radio,eu,immigration,news,serbia,tunisiacleanfullhttps://www.spreaker.com/episode/ethiopia-allies-to-leave-tigray-after-rebels-disarm--51936930Amhara and Afar regional forces, as well as Eritrean troops, have been fighting alongside the federal forces in the two-year war against the rebels of the Tigray People’s Liberation Front.
The government and the TPLF signed a peace agreement on 2 November in Pretoria, South Africa, to end the war in the north of the country, and the army and rebel commanders also signed a cessation of hostilities agreement in Nairobi, Kenya, on 12 November.]]>https://api.spreaker.com/episode/51936930Fri, 18 Nov 2022 08:49:52 +0000Africa Business RadioEthiopia's Government Communication Service Minister Legese Tulu says that all forces fighting in the Tigray region who are not part of the federal army will withdraw as soon as the Tigrayan rebels disarm. Amhara and Afar regional forces, as well as...Amhara and Afar regional forces, as well as Eritrean troops, have been fighting alongside the federal forces in the two-year war against the rebels of the Tigray People’s Liberation Front.
The government and the TPLF signed a peace agreement on 2 November in Pretoria, South Africa, to end the war in the north of the country, and the army and rebel commanders also signed a cessation of hostilities agreement in Nairobi, Kenya, on 12 November.]]>56africa_business_radio,ethiopia,news,tigraycleanfullhttps://www.spreaker.com/episode/egypt-says-time-running-out-on-cop27-agreement--51936928There have been warnings that negotiations are progressing too slowly because of deep divisions on some central issues.
A draft agreement published does not include directions for the launch of a loss and damage fund to assist the most vulnerable countries.
This has been a demand of many developing nations. Nor does the draft introduce a broad commitment to phase down all fossil fuels, rather than just coal, as has been proposed by India and the European Union]]>https://api.spreaker.com/episode/51936928Fri, 18 Nov 2022 08:46:42 +0000Africa Business RadioThe Egyptian president of the UN climate conference, Sameh Shoukry, has told delegates that time is not on their side if a deal is to be concluded before the scheduled close of the conference on Friday. There have been warnings that negotiations are...There have been warnings that negotiations are progressing too slowly because of deep divisions on some central issues.
A draft agreement published does not include directions for the launch of a loss and damage fund to assist the most vulnerable countries.
This has been a demand of many developing nations. Nor does the draft introduce a broad commitment to phase down all fossil fuels, rather than just coal, as has been proposed by India and the European Union]]>59africa,africa_business_radio,climate_change,cop27,egypt,newscleanfullhttps://www.spreaker.com/episode/climate-change-caused-nigeria-worst-floods--51936951The floods were recorded as the worst-ever in the two countries.
The report by World Weather Attribution says extreme seasonal rainfall and the release of water from dams caused the flooding from June to October.
They concluded the event was made 80 times more likely by climate change.
Almost 1.5 million people were displaced, hundreds of thousands of homes were swept away and over half a million hectares of farmland was devastated by the floods.mistake]]>https://api.spreaker.com/episode/51936951Fri, 18 Nov 2022 08:44:57 +0000Africa Business RadioA new study has found that climate change severely worsened the heavy rains that caused large-scale flooding across swathes of Nigeria and Niger this year, killing hundreds of people. The floods were recorded as the worst-ever in the two countries....The floods were recorded as the worst-ever in the two countries.
The report by World Weather Attribution says extreme seasonal rainfall and the release of water from dams caused the flooding from June to October.
They concluded the event was made 80 times more likely by climate change.
Almost 1.5 million people were displaced, hundreds of thousands of homes were swept away and over half a million hectares of farmland was devastated by the floods.mistake]]>57africa_business_radio,climate_change,flooding,news,nigeriacleanfullhttps://www.spreaker.com/episode/kanu-s-n20bn-suit-against-malami-discontinued--51936935Justice Inyang Ekwo of the Federal High Court in Abuja had fixed November 18 for the hearing of the suit, which also named the Director-General of the National Intelligence Agency, Ahmed Abubakar, as a defendant.
Kanu’s lawyer, Aloy Ejimakor, says the case had been discontinued. Kanu, through Ejimakor, had filed a writ of summons.]]>https://api.spreaker.com/episode/51936935Fri, 18 Nov 2022 08:39:03 +0000Africa Business RadioThe hearing of the N20bn suit filed by the leader of the Indigenous People of Biafra, Nnamdi Kanu, against the Attorney-General of the Federation, Abubakar Malami, has been discontinued. Justice Inyang Ekwo of the Federal High Court in Abuja had...Justice Inyang Ekwo of the Federal High Court in Abuja had fixed November 18 for the hearing of the suit, which also named the Director-General of the National Intelligence Agency, Ahmed Abubakar, as a defendant.
Kanu’s lawyer, Aloy Ejimakor, says the case had been discontinued. Kanu, through Ejimakor, had filed a writ of summons.]]>70africa_business_radio,news,nigeria,nnmadi_kanucleanfullhttps://www.spreaker.com/episode/ghana-not-aware-of-threat-to-citizens-in-abuja--51936934The Ghanaian ministry also disowned a security update advising against non-essential trips to Abuja.
The United States and the United Kingdom had in October warned of possible terror attacks in Abuja, especially at government buildings, places of worship, schools and other centers where large crowds gather.
Both countries also commenced the evacuation of their citizens from the Nigerian political capital.
Nigerian Minister of Information and Culture, Lai Mohammed however dismissed the terror alerts, saying the government won’t be stampeded and that Nigeria is safer than in May 2015 when President Muhammadu Buhari came into office.]]>https://api.spreaker.com/episode/51936934Fri, 18 Nov 2022 08:34:15 +0000Africa Business RadioThe country’s Ministry of Foreign Affairs and Regional Integration says Ghana is not aware of any threat targeted at its nationals living in Nigeria’s Federal Capital Territory in Abuja. The Ghanaian ministry also disowned a security update advising...The Ghanaian ministry also disowned a security update advising against non-essential trips to Abuja.
The United States and the United Kingdom had in October warned of possible terror attacks in Abuja, especially at government buildings, places of worship, schools and other centers where large crowds gather.
Both countries also commenced the evacuation of their citizens from the Nigerian political capital.
Nigerian Minister of Information and Culture, Lai Mohammed however dismissed the terror alerts, saying the government won’t be stampeded and that Nigeria is safer than in May 2015 when President Muhammadu Buhari came into office.]]>86abuja,africa_business_radio,ghana,nigeria,security_threatcleanfullhttps://www.spreaker.com/episode/nigeria-to-begin-rice-export-to-egypt--51936933The Deputy Managing Director of Tiamin Rice Company, Mr. Aliyu Ibrahim, says the initiative was aimed at the cultivation of quality rice paddy by RIFAN, while Tiamin processes and packages with state-of-the-art milling technology for sale locally and internationally, particularly to Egypt.
He says the MoU, which would be operational for a period of two years was signed at the company’s 600-metric tonnes per hour capacity mill in Bauchi State.]]>https://api.spreaker.com/episode/51936933Fri, 18 Nov 2022 08:24:35 +0000Africa Business RadioThe Rice Farmers Association of Nigeria has signed a memorandum of understanding with Tiamin Rice Company for the processing and sale of rice locally and internationally. The Deputy Managing Director of Tiamin Rice Company, Mr. Aliyu Ibrahim, says...The Deputy Managing Director of Tiamin Rice Company, Mr. Aliyu Ibrahim, says the initiative was aimed at the cultivation of quality rice paddy by RIFAN, while Tiamin processes and packages with state-of-the-art milling technology for sale locally and internationally, particularly to Egypt.
He says the MoU, which would be operational for a period of two years was signed at the company’s 600-metric tonnes per hour capacity mill in Bauchi State.]]>75africa_business_radio,egypt,news,nigeria,rice_exportcleanfullhttps://www.spreaker.com/episode/zelenskyy-pushes-for-peace-plan-at-g20-summit--51909718Zelenskyy says Ukraine would not allow Russian forces to regroup after their withdrawal from Kherson, and said there would be more fighting until Ukraine reclaims control of all of its occupied territory.]]>https://api.spreaker.com/episode/51909718Wed, 16 Nov 2022 11:45:04 +0000Africa Business RadioUkrainian President Volodymyr Zelenskyy urged world leaders to back a plan to end the war in his country, saying now was the time to push for peace after Russia’s defeat in the southern city of Kherson. Zelenskyy says Ukraine would not allow Russian...Zelenskyy says Ukraine would not allow Russian forces to regroup after their withdrawal from Kherson, and said there would be more fighting until Ukraine reclaims control of all of its occupied territory.]]>44africa_business_radio,news,peace_plan,russia,ukraiecleanfullhttps://www.spreaker.com/episode/china-warns-against-weaponisation-of-food-and-energy--51909719Xi says they must firmly oppose politicization, instrumentalization, and weaponization of food and energy problems.]]>https://api.spreaker.com/episode/51909719Wed, 16 Nov 2022 11:43:56 +0000Africa Business RadioChinese President Xi Jinping has warned the G20 against the weaponization of food and energy, in a possible veiled criticism of Russia’s invasion of Ukraine. Xi says they must firmly oppose politicization, instrumentalization, and weaponization of...Xi says they must firmly oppose politicization, instrumentalization, and weaponization of food and energy problems.]]>39africa_business-radio,china,news,russia,ukrainecleanfullhttps://www.spreaker.com/episode/amazon-prepares-for-mass-job-cuts-as-sales-slow--51909716US media reported that the reductions could affect roughly 3% of the office staff at the e-commerce giant - or about 10,000 people.
The cuts are expected to affect divisions such as personal devices and e-commerce.
Amazon did not respond to a request for comment.
The company had already introduced a hiring freeze and halted some of its warehouse expansions, warning it had over-hired during the pandemic. It has also taken steps to shut some parts of its business, cancelling projects such as a personal delivery robot.]]>https://api.spreaker.com/episode/51909716Wed, 16 Nov 2022 11:42:38 +0000Africa Business RadioAmazon is preparing to cut thousands of office jobs amid slowing sales and concerns about an economic downturn. US media reported that the reductions could affect roughly 3% of the office staff at the e-commerce giant - or about 10,000 people. The...US media reported that the reductions could affect roughly 3% of the office staff at the e-commerce giant - or about 10,000 people.
The cuts are expected to affect divisions such as personal devices and e-commerce.
Amazon did not respond to a request for comment.
The company had already introduced a hiring freeze and halted some of its warehouse expansions, warning it had over-hired during the pandemic. It has also taken steps to shut some parts of its business, cancelling projects such as a personal delivery robot.]]>59africa_business_radio,amazon,economic_downturn,news,slow_salescleanfullhttps://www.spreaker.com/episode/google-pays-392m-in-landmark-us-privacy-case--51909720A statement says it was the largest multi-state privacy settlement by state authorities in US history and included a binding commitment for improved disclosures by Google.
New Jersey Attorney General Matthew Platkin says Digital platforms like Google cannot claim to provide privacy controls to users and then turn around and disregard those controls to collect and sell data to advertisers against users’ express wishes and at great profit.]]>https://api.spreaker.com/episode/51909720Wed, 16 Nov 2022 11:41:22 +0000Africa Business RadioGoogle agreed to settle a landmark privacy case with 40 US states over accusations that the search engine giant misled users into believing location tracking had been switched off on their devices. A statement says it was the largest multi-state...A statement says it was the largest multi-state privacy settlement by state authorities in US history and included a binding commitment for improved disclosures by Google.
New Jersey Attorney General Matthew Platkin says Digital platforms like Google cannot claim to provide privacy controls to users and then turn around and disregard those controls to collect and sell data to advertisers against users’ express wishes and at great profit.]]>57africa_business_radio,google,news,privacy_case,u.scleanfullhttps://www.spreaker.com/episode/ramaphosa-promises-to-step-aside-if-charged-over-scandal--51909724Presidential spokesman Vincent Magwenya says should the president be charged he would gladly step aside - should it be the case,"
He added that as things stand there are no criminal charges against the president and he's fully cooperating with and he will continue to do so.
The president is accused of kidnapping, bribery, and acting unlawfully by allegedly authorizing the pursuit of the suspects who stole an estimated $4m from his farm. He denies any wrongdoing.]]>https://api.spreaker.com/episode/51909724Wed, 16 Nov 2022 11:39:36 +0000Africa Business RadioSouth Africa's President Cyril Ramaphosa will step aside if charged over an alleged cover-up of a robbery at his private farm, according to his spokesman. Presidential spokesman Vincent Magwenya says should the president be charged he would gladly...Presidential spokesman Vincent Magwenya says should the president be charged he would gladly step aside - should it be the case,"
He added that as things stand there are no criminal charges against the president and he's fully cooperating with and he will continue to do so.
The president is accused of kidnapping, bribery, and acting unlawfully by allegedly authorizing the pursuit of the suspects who stole an estimated $4m from his farm. He denies any wrongdoing.]]>58africa_business_radio,news,ramphosa,scandal,south_africacleanfullhttps://www.spreaker.com/episode/commonwealth-visits-zimbabwe-to-assess-readmission-bid--51909713Foreign Affairs Minister Frederick Shava says the country was determined to rejoin the group.
The delegation will assess the progress made in several areas, including judicial independence, electoral reforms, and the protection of human rights including the freedom of association and media freedoms.
Harare believes it has complied with the conditions.
Prof Francheschi says that Zimbabwe's readmission was not a political issue and should not be treated as such.]]>https://api.spreaker.com/episode/51909713Wed, 16 Nov 2022 11:37:56 +0000Africa Business RadioA Commonwealth team led by Assistant Secretary-General Prof Luis Franceschi has begun a series of meetings in Zimbabwe to assess its readiness to be readmitted into the 56-member group. Foreign Affairs Minister Frederick Shava says the country was...Foreign Affairs Minister Frederick Shava says the country was determined to rejoin the group.
The delegation will assess the progress made in several areas, including judicial independence, electoral reforms, and the protection of human rights including the freedom of association and media freedoms.
Harare believes it has complied with the conditions.
Prof Francheschi says that Zimbabwe's readmission was not a political issue and should not be treated as such.]]>59africa,africa_business_radio,commonwealth,harare,news,zimbabwecleanfullhttps://www.spreaker.com/episode/tanzania-cabinet-vows-to-improve-emergency-services--51909717The government also instructed local officials to collaborate with experts from abroad in the ongoing investigation into the cause of the crash.
The state spokesperson, Gerson Msigwa, says the emergency cabinet meeting chaired by President Samia Suluhu, issued instructions to find the cause of the crash and recommendations on changes that should be made.
Precision Air’s management says it has started compensation procedures for the affected families, and that the exercise would be conducted secretly according to national insurance procedures.]]>https://api.spreaker.com/episode/51909717Wed, 16 Nov 2022 11:36:09 +0000Africa Business RadioTanzania’s cabinet has pledged to strengthen the country’s disaster response services a week after 19 people died in a plane crash in the north-western lakeside town of Bukoba. The government also instructed local officials to collaborate with...The government also instructed local officials to collaborate with experts from abroad in the ongoing investigation into the cause of the crash.
The state spokesperson, Gerson Msigwa, says the emergency cabinet meeting chaired by President Samia Suluhu, issued instructions to find the cause of the crash and recommendations on changes that should be made.
Precision Air’s management says it has started compensation procedures for the affected families, and that the exercise would be conducted secretly according to national insurance procedures.]]>62africa,africa_business_radio,news,tanzaniacleanfullhttps://www.spreaker.com/episode/ghana-minister-sacked-over-illegal-mining-allegations--51909725The president has terminated the appointment of the Minister of State at the Ministry of Finance, Mr Charles Adu Boahen, with immediate effect.
The presidency’s statement says Akufo-Addo’s decision came after being made aware of the allegations against Boahen in the documentary Galamsey Economy.
Governing party lawmaker Davis Opoku however says the sacking of Charles Adu Boahen is meaningless unless it is linked to the resignation of Ken Ofori-Atta.]]>https://api.spreaker.com/episode/51909725Wed, 16 Nov 2022 11:35:15 +0000Africa Business RadioGhana’s President Nana Akufo-Addofired his junior finance minister over corruption allegations made in an upcoming documentary on illegal gold mining. The president has terminated the appointment of the Minister of State at the Ministry of Finance,...The president has terminated the appointment of the Minister of State at the Ministry of Finance, Mr Charles Adu Boahen, with immediate effect.
The presidency’s statement says Akufo-Addo’s decision came after being made aware of the allegations against Boahen in the documentary Galamsey Economy.
Governing party lawmaker Davis Opoku however says the sacking of Charles Adu Boahen is meaningless unless it is linked to the resignation of Ken Ofori-Atta.]]>58africa,africa_business_radio,ghana,gold_mining,illegal_mining,newscleanfullhttps://www.spreaker.com/episode/nigerian-governor-outsource-maintenance-of-new-cancer-centre-to-foreign-partners--51909714The governor says he cannot leave the facility under the care of the state’s Ministry of health as they are not capable of managing a facility of that magnitude.
He says the Consular General of the American Embassy has agreed to partner with the state and has made contact with those who run hospitals very well overseas to come and partner with us in this.]]>https://api.spreaker.com/episode/51909714Wed, 16 Nov 2022 11:33:28 +0000Africa Business RadioThe governor of Rivers State, Nyesom Wike, says he will outsource the maintenance of the newly built Dr. Peter Odili Cancer, Cardiovascular Diagnostic Treatment Centre to foreign partners. The governor says he cannot leave the facility under the care...The governor says he cannot leave the facility under the care of the state’s Ministry of health as they are not capable of managing a facility of that magnitude.
He says the Consular General of the American Embassy has agreed to partner with the state and has made contact with those who run hospitals very well overseas to come and partner with us in this.]]>52africa_business_radio,mismanagement,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-can-t-survive-with-endless-borrowing--51909715The Director-General of the DMO, Patience Oniha, says Nigeria must gear up its revenue drive while looking for alternative sources of funds internationally.
Oniha noted that the Federal Government had not been able to meet its external borrowing target, noting that it was now looking at lenders in the United States and Europe.]]>https://api.spreaker.com/episode/51909715Wed, 16 Nov 2022 11:31:19 +0000Africa Business RadioThe Debt Management Office says that it has been difficult for Nigeria to borrow from the international markets as global lenders and investors are shunning countries with Category ‘B’ economic ratings. The Director-General of the DMO, Patience...The Director-General of the DMO, Patience Oniha, says Nigeria must gear up its revenue drive while looking for alternative sources of funds internationally.
Oniha noted that the Federal Government had not been able to meet its external borrowing target, noting that it was now looking at lenders in the United States and Europe.]]>51africa_business_radio,debt,economic_rating,global_lenders,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-air-peace-suspends-dubai-flight--51909726Emirates, the UAE carrier, had earlier suspended its flights, citing the inability to repatriate ticket funds in addition to the reduced passengers on the route.
Nigeria’s indigenous carrier, Air Peace, however, says it would be suspending operations with effect from Tuesday, November 22, 2022, till further notice.
Air Peace says it has been operating in UAE even with the country’s recent travel restrictions, but given the heightening hurdles Nigerian travelers are facing in accessing the country, it has become imperative that we halt their operations to that destination.]]>https://api.spreaker.com/episode/51909726Wed, 16 Nov 2022 11:28:54 +0000Africa Business RadioThe Management of Air Peace suspended flights to Dubai, the United Arab Emirates, over the non-issuance of visas to Nigerians. Emirates, the UAE carrier, had earlier suspended its flights, citing the inability to repatriate ticket funds in addition...Emirates, the UAE carrier, had earlier suspended its flights, citing the inability to repatriate ticket funds in addition to the reduced passengers on the route.
Nigeria’s indigenous carrier, Air Peace, however, says it would be suspending operations with effect from Tuesday, November 22, 2022, till further notice.
Air Peace says it has been operating in UAE even with the country’s recent travel restrictions, but given the heightening hurdles Nigerian travelers are facing in accessing the country, it has become imperative that we halt their operations to that destination.]]>61africa_business_radio,air_peace,aviation,dubia_air,news,nigeriacleanfullhttps://www.spreaker.com/episode/binance-ceo-advocates-clear-and-stable-regulations-in-the-crypto-sector--51885438His comments come as crypto industry peers and partners outline steps to deal with the collapse of rival exchange FTX, founded by Sam Bankman-Fried.
FTX filed for bankruptcy on Friday after a week of seeing customers pull assets and Binance abandoning a rescue offer.
Zhao says the industry collectively has a role to protect consumers, to protect everybody adding that regulators have a role but it’s not 100% their responsibility.]]>https://api.spreaker.com/episode/51885438Mon, 14 Nov 2022 12:29:11 +0000Africa Business RadioChangpeng Zhao, chief executive of dominant cryptocurrency exchange Binance, has called for new but stable and clear regulations for the industry in light of recent developments and participants cutting corners. His comments come as crypto industry...His comments come as crypto industry peers and partners outline steps to deal with the collapse of rival exchange FTX, founded by Sam Bankman-Fried.
FTX filed for bankruptcy on Friday after a week of seeing customers pull assets and Binance abandoning a rescue offer.
Zhao says the industry collectively has a role to protect consumers, to protect everybody adding that regulators have a role but it’s not 100% their responsibility.]]>61africa_business_radio,binance,business,crypto_currency,digital_currency,ftx,newscleanfullhttps://www.spreaker.com/episode/yellen-announces-new-us-sanctions-on-russian-military-networks--51885433Yellen says the measures would target 14 individuals and 28 entities.
Yellen declined to provide details of the identity or location of the alleged network or the technologies involved but said a more detailed announcement would be made later on Monday.
The US has already rolled out a raft of sanctions against Russia in response to its war in Ukraine, including measures focusing on Russian military suppliers and US-based manufacturers of components used by Moscow in its military hardware.]]>https://api.spreaker.com/episode/51885433Mon, 14 Nov 2022 12:25:58 +0000Africa Business RadioUnited States Treasury Secretary Janet Yellen has announced new US sanctions targeting networks accused of supplying military technology for Russia’s war in Ukraine. Yellen says the measures would target 14 individuals and 28 entities. Yellen...Yellen says the measures would target 14 individuals and 28 entities.
Yellen declined to provide details of the identity or location of the alleged network or the technologies involved but said a more detailed announcement would be made later on Monday.
The US has already rolled out a raft of sanctions against Russia in response to its war in Ukraine, including measures focusing on Russian military suppliers and US-based manufacturers of components used by Moscow in its military hardware.]]>62africa_business_radio,news,russia,trade_sanction,ukraine,united_statescleanfullhttps://www.spreaker.com/episode/mozambique-exporting-liquefied-natural-gas-to-europe-for-the-first-time--51885435The gas has been produced at an off-shore plant run by Italian energy firm Eni, but British oil giant BP has the purchasing rights over it.
Mozambique hopes to become one of the world's biggest exporters of natural gas, following its discovery in the northern Cabo Delgado province in 2010.
The government believes the discovery of gas will boost the economy, but Mr. Nyusi says Mozambique would continue to focus on traditional activities such as agriculture, fishing, and tourism, to achieve development.]]>https://api.spreaker.com/episode/51885435Mon, 14 Nov 2022 12:23:35 +0000Africa Business RadioMozambique has started exporting liquefied natural gas for the first time, in a move the country’s President Filipe Nyusi has described as historic. The gas has been produced at an off-shore plant run by Italian energy firm Eni, but British oil giant...The gas has been produced at an off-shore plant run by Italian energy firm Eni, but British oil giant BP has the purchasing rights over it.
Mozambique hopes to become one of the world's biggest exporters of natural gas, following its discovery in the northern Cabo Delgado province in 2010.
The government believes the discovery of gas will boost the economy, but Mr. Nyusi says Mozambique would continue to focus on traditional activities such as agriculture, fishing, and tourism, to achieve development.]]>60africa,africa_business_radio,gas_export,mozambique,natural_gas,newscleanfullhttps://www.spreaker.com/episode/uganda-s-leader-condemns-west-over-climate-change--51885432Mr. Museveni highlighted the partial dismantling of a wind farm in Germany to make way for the expansion of a coal mine.
He says the move made a mockery of Western commitments towards climate targets.
The Ugandan leader also said European countries were happy to take Africa's resources for their own energy needs but were against the development of fossil fuel projects which were for the benefit of Africans.]]>https://api.spreaker.com/episode/51885432Mon, 14 Nov 2022 12:21:34 +0000Africa Business RadioUganda's President Yoweri Museveni has accused Western countries of reprehensible double standards when it comes to commitments to stop climate change. Mr. Museveni highlighted the partial dismantling of a wind farm in Germany to make way for the...Mr. Museveni highlighted the partial dismantling of a wind farm in Germany to make way for the expansion of a coal mine.
He says the move made a mockery of Western commitments towards climate targets.
The Ugandan leader also said European countries were happy to take Africa's resources for their own energy needs but were against the development of fossil fuel projects which were for the benefit of Africans.]]>54africa_business_radio,climate_chande,european_union,news,ugandacleanfullhttps://www.spreaker.com/episode/nigeria-s-military-ready-to-curb-threats-to-national-security--51885434Gen Yahaya says that it is only through training that troops could internalise, practice and perfect the employment of skills and competences, along with requisite equipment, communication and other enablers for the effective conduct of operations and discharge of the constitutional mandate of the NA.
Gen Yahaya urged the troops to put lessons learnt from the exercise into practice in their respective formations and units, as they tackle threats to national security.]]>https://api.spreaker.com/episode/51885434Mon, 14 Nov 2022 12:19:22 +0000Africa Business RadioThe Chief of Army Staff Lieutenant General Faruk Yahaya has assured the nation, that the Nigerian Army will not fail Nigerians in delivering on its constitutional mandate to defend the sovereignty and territorial integrity of the nation, as well as...Gen Yahaya says that it is only through training that troops could internalise, practice and perfect the employment of skills and competences, along with requisite equipment, communication and other enablers for the effective conduct of operations and discharge of the constitutional mandate of the NA.
Gen Yahaya urged the troops to put lessons learnt from the exercise into practice in their respective formations and units, as they tackle threats to national security.]]>68africa_business_radio,news,nigeria,nigerian_army,securitycleanfullhttps://www.spreaker.com/episode/nigeria-s-electoral-commission-warns-of-violence--51885437There are concerns that next year’s tightly contested race could be more turbulent than usual, with Mr. Yakuba adding that the commission had already tracked 50 attacks related to the polls in the first month of campaigning alone.
Last month, the US embassy evacuated all non-essential staff from Abuja, citing an elevated risk of a terror attack in the capital.]]>https://api.spreaker.com/episode/51885437Mon, 14 Nov 2022 12:17:53 +0000Africa Business RadioThe head of Nigeria's electoral commission, Mahmood Yakuba, says that he's worried about attacks intensifying as the country prepares for February's upcoming presidential elections. There are concerns that next year’s tightly contested race could be...There are concerns that next year’s tightly contested race could be more turbulent than usual, with Mr. Yakuba adding that the commission had already tracked 50 attacks related to the polls in the first month of campaigning alone.
Last month, the US embassy evacuated all non-essential staff from Abuja, citing an elevated risk of a terror attack in the capital.]]>53africa_business_radio,electoral_commission,news,nigeria,security,violencecleanfullhttps://www.spreaker.com/episode/nigeria-must-work-for-all-nigerians--51885431Obi noted that Nigerians must be able to dwell securely and safely irrespective of where they live.
He says Nigeria works for a small minority of people; Nigeria must work for ALL Nigerians. Nigerians must be able to dwell securely and in safety wherever they live.]]>https://api.spreaker.com/episode/51885431Mon, 14 Nov 2022 12:16:46 +0000Africa Business RadioThe Labour Party presidential candidate, Peter Obi, says Nigeria must work for all its citizens. Obi noted that Nigerians must be able to dwell securely and safely irrespective of where they live. He says Nigeria works for a small minority of...Obi noted that Nigerians must be able to dwell securely and safely irrespective of where they live.
He says Nigeria works for a small minority of people; Nigeria must work for ALL Nigerians. Nigerians must be able to dwell securely and in safety wherever they live.]]>452023_election,africa_business_radio,labour_party,news,nigeria,peter_obicleanfullhttps://www.spreaker.com/episode/central-bank-of-nigeria-pledges-to-protect-rural-nigerians--51885436The apex bank says that it had been collaborating with relevant agencies and other stakeholders in the financial system to ensure that vulnerable citizens were not disenfranchised.
The bank says that some progress had been as there had been increased currency deposits across banks and other financial institutions.]]>https://api.spreaker.com/episode/51885436Mon, 14 Nov 2022 12:15:34 +0000Africa Business RadioThe Central Bank of Nigeria has pledged to protect Nigerians in the unbanked, underserved, and rural areas as it plans to redesign the naira. The apex bank says that it had been collaborating with relevant agencies and other stakeholders in the...The apex bank says that it had been collaborating with relevant agencies and other stakeholders in the financial system to ensure that vulnerable citizens were not disenfranchised.
The bank says that some progress had been as there had been increased currency deposits across banks and other financial institutions.]]>48africa_business_radio,naira_redesign,news,nigeriacleanfullhttps://www.spreaker.com/episode/european-union-targets-22-million-ton-annual-gas-import-from-nigeria--51885430A document from the Global Gas Monitor says Africa was the next gas hub for European countries.
The document put Nigeria as the country attracting the biggest European interest after Algeria (29 million tons).
Apart from Nigeria and Algeria, the report identified eight other African countries to also benefit from the plan including Mauritania, 10 million tons; Mozambique, 19 million tons; Democratic Republic of Congo, 1.2million tons; and Tanzania, 4 million tons.]]>https://api.spreaker.com/episode/51885430Mon, 14 Nov 2022 12:14:22 +0000Africa Business RadioEuropean countries are making plans to ramp up gas importation from Nigeria to the tune of 22 million tons per year, providing an opportunity for Africa’s most populous nation to earn revenues. A document from the Global Gas Monitor says Africa was...A document from the Global Gas Monitor says Africa was the next gas hub for European countries.
The document put Nigeria as the country attracting the biggest European interest after Algeria (29 million tons).
Apart from Nigeria and Algeria, the report identified eight other African countries to also benefit from the plan including Mauritania, 10 million tons; Mozambique, 19 million tons; Democratic Republic of Congo, 1.2million tons; and Tanzania, 4 million tons.]]>64africa,africa_business_radio,european_union,natural_gas,news,nigeriacleanfullhttps://www.spreaker.com/episode/central-bank-of-nigeria-releases-3-5bn-for-foreign-education--51885449The CBN’s balance of payment statistics, Nigerians have spent a hefty sum of $3.5bn on foreign education in the past seven years (June 2015 to August 2022).
Data gathered from the CBN from the amount spent on educational services under the sectoral utilization for transactions valid for foreign exchange, a sum of $375.99 million was released by the apex bank between June 2015 and December 2015,
Further analysis of the data revealed that a total of $269.1 million was released in 2016.]]>https://api.spreaker.com/episode/51885449Mon, 14 Nov 2022 12:12:50 +0000Africa Business RadioThe Central Bank of Nigeria revealed that Nigeria’s educational sector suffered massive capital flight during the regime of President Muhammadu Buhari. The CBN’s balance of payment statistics, Nigerians have spent a hefty sum of $3.5bn on foreign...The CBN’s balance of payment statistics, Nigerians have spent a hefty sum of $3.5bn on foreign education in the past seven years (June 2015 to August 2022).
Data gathered from the CBN from the amount spent on educational services under the sectoral utilization for transactions valid for foreign exchange, a sum of $375.99 million was released by the apex bank between June 2015 and December 2015,
Further analysis of the data revealed that a total of $269.1 million was released in 2016.]]>67africa_business_radio,apex_bank,education,foreign_education,news,nigeriacleanfullhttps://www.spreaker.com/episode/us-estimates-200-000-military-casualties-on-all-sides--51860836Gen Mark Milley, chairman of the US Joint Chiefs of Staff, says that around 40,000 civilians had died after being caught up in the conflict.
He says that signs Kyiv were willing to re-enter talks with Moscow offered a window for negotiations.
Ukraine has signaled a willingness to hold some discussions with Moscow after President Volodymyr Zelensky dropped a demand that his opposite number, Vladimir Putin, must be removed from power before negotiations could resume.
Gen Milley added that for any talks to be successful, both Russia and Ukraine would have to reach a mutual recognition that a wartime victory is maybe not achievable through military means, and therefore you need to turn to other means.]]>https://api.spreaker.com/episode/51860836Fri, 11 Nov 2022 08:09:52 +0000Africa Business RadioThe most senior US general estimates that around 100,000 Russian and 100,000 Ukrainian soldiers have been killed or injured in the war in Ukraine. Gen Mark Milley, chairman of the US Joint Chiefs of Staff, says that around 40,000 civilians had died...Gen Mark Milley, chairman of the US Joint Chiefs of Staff, says that around 40,000 civilians had died after being caught up in the conflict.
He says that signs Kyiv were willing to re-enter talks with Moscow offered a window for negotiations.
Ukraine has signaled a willingness to hold some discussions with Moscow after President Volodymyr Zelensky dropped a demand that his opposite number, Vladimir Putin, must be removed from power before negotiations could resume.
Gen Milley added that for any talks to be successful, both Russia and Ukraine would have to reach a mutual recognition that a wartime victory is maybe not achievable through military means, and therefore you need to turn to other means.]]>80africa_business_radio,news,russia,ukraine,u.scleanfullhttps://www.spreaker.com/episode/elon-musk-sells-nearly-4bn-in-tesla-stock--51860832Musk has been pushing for ways to pay for the massive deal, for which he took on billions of dollars in debt and earlier sold $15.5 billion worth of shares in Tesla.
Documents filed with the United States SEC indicated that he had disposed of more than 19 million shares, in excess of $3.9 billion.
Musk took control of Twitter and fired its top executives in late October after a drawn-out back-and-forth between the world’s richest person and the influential social media company.]]>https://api.spreaker.com/episode/51860832Fri, 11 Nov 2022 08:07:38 +0000Africa Business RadioSecurities and Exchange Commission filings showed that Tesla chief Elon Musk sold nearly $4 billion worth of shares in the electric car company. Musk has been pushing for ways to pay for the massive deal, for which he took on billions of dollars in...Musk has been pushing for ways to pay for the massive deal, for which he took on billions of dollars in debt and earlier sold $15.5 billion worth of shares in Tesla.
Documents filed with the United States SEC indicated that he had disposed of more than 19 million shares, in excess of $3.9 billion.
Musk took control of Twitter and fired its top executives in late October after a drawn-out back-and-forth between the world’s richest person and the influential social media company.]]>66africa_business_radio,elon_musk,news,tesla,twittercleanfullhttps://www.spreaker.com/episode/adidas-reduces-profit-forecast-after-split-from-kanye-west--51860831The group now expects a net profit from continuing operations of 250 million euros for 2022, down from a 500-million-euro estimate last month, which was a downgrade from previous forecasts partly because of slowing sales in China.
Adidas says its full-year revenues are forecast to grow at a low-single-digit rate, compared with the mid-single-digit rate it had still expected last month.]]>https://api.spreaker.com/episode/51860831Fri, 11 Nov 2022 08:06:33 +0000Africa Business RadioGerman sportswear giant Adidas slashed its earnings forecast saying the end of its partnership with rapper Kanye West would cut this year’s net income in half. The group now expects a net profit from continuing operations of 250 million euros for...The group now expects a net profit from continuing operations of 250 million euros for 2022, down from a 500-million-euro estimate last month, which was a downgrade from previous forecasts partly because of slowing sales in China.
Adidas says its full-year revenues are forecast to grow at a low-single-digit rate, compared with the mid-single-digit rate it had still expected last month.]]>76addidas,africa_business_radio,kanye_west,newscleanfullhttps://www.spreaker.com/episode/burkina-faso-pm-reshuffles-ministers-amid-protests--51860838The minister for industry and trade, as well as the one in charge of lands and housing, were replaced through a decree read out on national television on Wednesday.
Donatien Nagalo’s appointment as trade minister had faced opposition from traders’ associations, who accused him of malpractices as a former head of the country’s national union of traders.
He has now been replaced by Serge Gnaniodem Poda, an executive of BCEAO, the central bank of the common regional currency.]]>https://api.spreaker.com/episode/51860838Fri, 11 Nov 2022 08:05:12 +0000Africa Business RadioBurkina Faso's transitional prime minister has replaced two ministers, only two weeks after the formation of a new government. The minister for industry and trade, as well as the one in charge of lands and housing, were replaced through a decree...The minister for industry and trade, as well as the one in charge of lands and housing, were replaced through a decree read out on national television on Wednesday.
Donatien Nagalo’s appointment as trade minister had faced opposition from traders’ associations, who accused him of malpractices as a former head of the country’s national union of traders.
He has now been replaced by Serge Gnaniodem Poda, an executive of BCEAO, the central bank of the common regional currency.]]>82africa_business_radio,burkina_faso,newscleanfullhttps://www.spreaker.com/episode/sudan-on-the-verge-of-splitting-over-power-hungry-military-leaders--51860837The leader of the Sudan People's Liberation Army, Abdelaziz al-Hilu, says that his group will opt for independence if the government in Khartoum does not change.
The SPLA-North is in control of a large swathe of land in the Nuba mountains in the country’s south, as well as part of the Blue Nile in the southeast.
Mr. Al-Hilu says his group prefers unity but warned that if Khartoum wants to maintain the old Sudan of segregation and oppression then “we will opt for independence.]]>https://api.spreaker.com/episode/51860837Fri, 11 Nov 2022 08:02:42 +0000Africa Business RadioThe leader of a military movement in the country says there is a risk Sudan could split because the current military junta in charge of the country is not ready for a peaceful settlement and want to stay in power, The leader of the Sudan People's...The leader of the Sudan People's Liberation Army, Abdelaziz al-Hilu, says that his group will opt for independence if the government in Khartoum does not change.
The SPLA-North is in control of a large swathe of land in the Nuba mountains in the country’s south, as well as part of the Blue Nile in the southeast.
Mr. Al-Hilu says his group prefers unity but warned that if Khartoum wants to maintain the old Sudan of segregation and oppression then “we will opt for independence.]]>65africa_business_radio,military_junta,news,sudancleanfullhttps://www.spreaker.com/episode/south-african-govt-workers-embark-on-strike-over-pay--51860835The wage stalemate between the government and its employees escalated after Labour Minister Thulas Nxesi last week declared he would unilaterally implement a three per cent increase across the board.
Unions want a 6.5 percent hike.
Union members including nurses, immigration workers, and some police officers picketed outside the Treasury office in Pretoria waving black placards reading public servants are bleeding.
The PSA had warned that the strike would have a serious impact on the home affairs, transport, and border control departments.]]>https://api.spreaker.com/episode/51860835Fri, 11 Nov 2022 07:59:42 +0000Africa Business RadioThousands of public workers in South Africa downed tools in a nationwide strike over wages after talks with the government hit a deadlock threatening to affect essential services. The wage stalemate between the government and its employees escalated...The wage stalemate between the government and its employees escalated after Labour Minister Thulas Nxesi last week declared he would unilaterally implement a three per cent increase across the board.
Unions want a 6.5 percent hike.
Union members including nurses, immigration workers, and some police officers picketed outside the Treasury office in Pretoria waving black placards reading public servants are bleeding.
The PSA had warned that the strike would have a serious impact on the home affairs, transport, and border control departments.]]>77africa,africa_business_radio,essential_services,industrial_action,news,south_africacleanfullhttps://www.spreaker.com/episode/unesco-trains-50-lecturers-in-digital-education--51860834Malam Auwalu Umar, Director of Public Affairs Directorate, at Ahmadu Bello University, Zaria, says the initiative was in collaboration with the International Institute for Online Education.
Umar says that the training was aimed at strengthening the digital transformation of higher education teaching and learning.
He further explained saying that it was a training of trainers program, which was basically an online course in design, development, and production.
He says the training was focused on general courses in three thematic areas of engineering/computing, medical/bioscience, as well as humanities/social sciences.]]>https://api.spreaker.com/episode/51860834Fri, 11 Nov 2022 07:57:12 +0000Africa Business RadioThe UNESCO International Center for Higher Education Innovation has trained 50 lecturers across five tertiary institutions in digital education. Malam Auwalu Umar, Director of Public Affairs Directorate, at Ahmadu Bello University, Zaria, says the...Malam Auwalu Umar, Director of Public Affairs Directorate, at Ahmadu Bello University, Zaria, says the initiative was in collaboration with the International Institute for Online Education.
Umar says that the training was aimed at strengthening the digital transformation of higher education teaching and learning.
He further explained saying that it was a training of trainers program, which was basically an online course in design, development, and production.
He says the training was focused on general courses in three thematic areas of engineering/computing, medical/bioscience, as well as humanities/social sciences.]]>73africa_business_radio,education,news,nigeria,unescocleanfullhttps://www.spreaker.com/episode/nigerian-government-targets-over-6-unemployment-rate-economic-growth--51860833The Minister of Budget and National Planning, Clem Agba, says the Nigeria Agenda 2050, which was developed by the current administration, was designed to transform the country into an upper middle-income developing country with a per capita income of $33,000.
He says the National Development Plan 2021-2025 had the vision to unlock the potential of the country in all sectors of the economy for sustainable, holistic, and inclusive national development.
He says the Nigeria Agenda 2050 would be implemented through a series of medium-term plans and annual budgets.]]>https://api.spreaker.com/episode/51860833Fri, 11 Nov 2022 07:54:42 +0000Africa Business RadioThe Federal Government is targeting a 6.3 percent rate, 7 percent economic growth, and a 0.3 percent poverty rate by 2050. The Minister of Budget and National Planning, Clem Agba, says the Nigeria Agenda 2050, which was developed by the current...The Minister of Budget and National Planning, Clem Agba, says the Nigeria Agenda 2050, which was developed by the current administration, was designed to transform the country into an upper middle-income developing country with a per capita income of $33,000.
He says the National Development Plan 2021-2025 had the vision to unlock the potential of the country in all sectors of the economy for sustainable, holistic, and inclusive national development.
He says the Nigeria Agenda 2050 would be implemented through a series of medium-term plans and annual budgets.]]>75africa_business_radio,development_plan,economic_growth,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-to-spend-big-to-tackle-climate-change--51860829Nigeria’s GDP was worth $440.78bn in 2021, according to official data from the World Bank. Nine percent of this figure is $39.67bn; hence, Nigeria may spend around this amount in tackling climate change, based on the disclosure of the Federal Government.
Abdulahi disclosed this while addressing African leaders during the inauguration of the African Carbon Market Initiative, a side event organized by Climate Action at the ongoing COP27 in Egypt.]]>https://api.spreaker.com/episode/51860829Fri, 11 Nov 2022 07:52:12 +0000Africa Business RadioThe Minister of Environment, Mohammed Abdulahi, says the Federal Government is spending nine percent of the country’s Gross Domestic Product to address climate change in Nigeria. Nigeria’s GDP was worth $440.78bn in 2021, according to official data...Nigeria’s GDP was worth $440.78bn in 2021, according to official data from the World Bank. Nine percent of this figure is $39.67bn; hence, Nigeria may spend around this amount in tackling climate change, based on the disclosure of the Federal Government.
Abdulahi disclosed this while addressing African leaders during the inauguration of the African Carbon Market Initiative, a side event organized by Climate Action at the ongoing COP27 in Egypt.]]>76africa,africa_business_radio,climate_change,cop27,news,nigeriacleanfullhttps://www.spreaker.com/episode/greece-to-ban-sale-of-spyware-amid-phone-tapping-scandal--51836959Government spokesman Giannis Oikonomou says they won’t allow any shadow to remain on issues that poison Greek society adding that a bill will soon be submitted to parliament.
Greek Prime Minister Kyriakos Mitsotakis slammed the accusations as an incredible lie”, adding that the report was unfounded as it presented no evidence that his cabinet was behind the surveillance.
Oikonomou says the Greek state had not used or bought any such spyware and added that judicial authorities would investigate the latest report.]]>https://api.spreaker.com/episode/51836959Wed, 09 Nov 2022 14:37:12 +0000Africa Business RadioGreece’s government says it will introduce a bill to ban the sale of spyware following media reports of a state-sponsored phone-tapping scandal that targeted at least 30 people, including politicians and business people. Government spokesman Giannis...Government spokesman Giannis Oikonomou says they won’t allow any shadow to remain on issues that poison Greek society adding that a bill will soon be submitted to parliament.
Greek Prime Minister Kyriakos Mitsotakis slammed the accusations as an incredible lie”, adding that the report was unfounded as it presented no evidence that his cabinet was behind the surveillance.
Oikonomou says the Greek state had not used or bought any such spyware and added that judicial authorities would investigate the latest report.]]>68africa_business_radio,greece,news,phone_tapping,spywarecleanfullhttps://www.spreaker.com/episode/hacker-threatens-to-leak-australians-medical-data-in-24-hours--51836968Australia’s Medibank says it was aware of the threat after announcing the previous day it would not pay a ransom for the personal information of almost 10 million current and former customers.
Medibank Chief Executive Officer David Koczkar says they knew the publication of data online by the criminal could be a possibility, but the criminal’s threat is still a distressing development for our customers.
Koczkar urged customers to remain vigilant and warned they could be contacted by the criminal directly.]]>https://api.spreaker.com/episode/51836968Wed, 09 Nov 2022 14:33:04 +0000Africa Business RadioA cybercriminal or cybercrime organization has threatened to leak customer data from Australia’s largest health insurer within 24 hours after the company refused to cooperate with its extortion attempt. Australia’s Medibank says it was aware of the...Australia’s Medibank says it was aware of the threat after announcing the previous day it would not pay a ransom for the personal information of almost 10 million current and former customers.
Medibank Chief Executive Officer David Koczkar says they knew the publication of data online by the criminal could be a possibility, but the criminal’s threat is still a distressing development for our customers.
Koczkar urged customers to remain vigilant and warned they could be contacted by the criminal directly.]]>63africa_business_radio,cyberattack,data_leak,medibank,newscleanfullhttps://www.spreaker.com/episode/uganda-and-zimbabwe-launch-first-satellites-into-space--51836962Zimbabwe’s satellite, named ZimSat-1 was designed and assembled by three of the country’s scientists who were supported and trained in Japan.
Uganda’s satellite, the PearlAfricaSat-1 was also built by three of its own country’s aerospace engineers with the ambition that Uganda will set up its own command station to manage the satellite within the country.
Once in orbit, both satellites will collect images of the countries from space to help support research into weather forecasting, as well as monitoring border security and disaster prevention.]]>https://api.spreaker.com/episode/51836962Wed, 09 Nov 2022 14:28:30 +0000Africa Business RadioTwo satellites built by Zimbabwean and Ugandan engineers respectively have been launched into space. Zimbabwe’s satellite, named ZimSat-1 was designed and assembled by three of the country’s scientists who were supported and trained in Japan....Zimbabwe’s satellite, named ZimSat-1 was designed and assembled by three of the country’s scientists who were supported and trained in Japan.
Uganda’s satellite, the PearlAfricaSat-1 was also built by three of its own country’s aerospace engineers with the ambition that Uganda will set up its own command station to manage the satellite within the country.
Once in orbit, both satellites will collect images of the countries from space to help support research into weather forecasting, as well as monitoring border security and disaster prevention.]]>62africa,africa_business_radio,news,space_mission,uganda,zimbabwecleanfullhttps://www.spreaker.com/episode/africa-s-push-for-gas-divides-climate-change-summit--51836960Several African countries want to exploit the resource at a time when Europe is struggling to find supplies.
The former US vice-president Al Gore told the conference the dash for gas was a bridge to nowhere.
The International Energy Agency says new gas fields are not compatible with global aims to achieve net zero emissions by the middle of this century.
For the first time, the summit is debating whether richer nations should provide financial support to help developing countries combat the effects of climate change.]]>https://api.spreaker.com/episode/51836960Wed, 09 Nov 2022 14:26:38 +0000Africa Business RadioThere is evidence of significant division between countries at the UN climate conference in Egypt about the future role of natural gas. Several African countries want to exploit the resource at a time when Europe is struggling to find supplies. The...Several African countries want to exploit the resource at a time when Europe is struggling to find supplies.
The former US vice-president Al Gore told the conference the dash for gas was a bridge to nowhere.
The International Energy Agency says new gas fields are not compatible with global aims to achieve net zero emissions by the middle of this century.
For the first time, the summit is debating whether richer nations should provide financial support to help developing countries combat the effects of climate change.]]>61africa_business_radio,climate_change,energy_agency,newscleanfullhttps://www.spreaker.com/episode/uk-downgrades-warning-against-travel-to-abuja--51836966The US had gone further to order the evacuation of its diplomatic staff members.
The travel warnings prompted a strong response from the Nigerian authorities who described the alerts as unnecessary and irresponsible.
The UK High Commission in Nigeria says the travel advisory to British citizens for Abuja has been changed from Amber to Green.
It says the UK government no longer advises against all but essential travel to the city but that some risks remain
It added that the travel warning against all travel to seven other states in Nigeria remains unchanged.]]>https://api.spreaker.com/episode/51836966Wed, 09 Nov 2022 14:24:14 +0000Africa Business RadioThe UK has downgraded a warning to its citizens against travel to the Nigerian capital, Abuja. The US had gone further to order the evacuation of its diplomatic staff members. The travel warnings prompted a strong response from the Nigerian...The US had gone further to order the evacuation of its diplomatic staff members.
The travel warnings prompted a strong response from the Nigerian authorities who described the alerts as unnecessary and irresponsible.
The UK High Commission in Nigeria says the travel advisory to British citizens for Abuja has been changed from Amber to Green.
It says the UK government no longer advises against all but essential travel to the city but that some risks remain
It added that the travel warning against all travel to seven other states in Nigeria remains unchanged.]]>60abuja,africa_business_radio,news,security,terrorism,u.kcleanfullhttps://www.spreaker.com/episode/nigerian-government-s-six-month-expenditure-exceeds-revenue-by-n6trillion--51836967The Federal Government recorded N3.2tn and N2.74tn fiscal deficit in the first and second quarters of 2022.
It however exceeded the Federal Government’s fiscal deficit budget of N1.6tn for the period under review.
A breakdown revealed that recurrent expenditure, capital expenditure, and transfers accounted for 81.0 percent, 13.3 percent, and 5.7 percent of total expenditure, respectively.
It noted that the fiscal operations of the Federal Government in the second quarter of 2022 remained aligned with the extant fiscal frameworks, which sought to achieve macroeconomic stability, improve revenue generation, and create fiscal space to boost infrastructural development, among other objectives.]]>https://api.spreaker.com/episode/51836967Wed, 09 Nov 2022 14:22:52 +0000Africa Business RadioThe Federal Government’s expenditure in the first six months of 2022 exceeded revenue by N6.23tn. The Federal Government recorded N3.2tn and N2.74tn fiscal deficit in the first and second quarters of 2022. It however exceeded the Federal...The Federal Government recorded N3.2tn and N2.74tn fiscal deficit in the first and second quarters of 2022.
It however exceeded the Federal Government’s fiscal deficit budget of N1.6tn for the period under review.
A breakdown revealed that recurrent expenditure, capital expenditure, and transfers accounted for 81.0 percent, 13.3 percent, and 5.7 percent of total expenditure, respectively.
It noted that the fiscal operations of the Federal Government in the second quarter of 2022 remained aligned with the extant fiscal frameworks, which sought to achieve macroeconomic stability, improve revenue generation, and create fiscal space to boost infrastructural development, among other objectives.]]>73africa_business_radio,fiscal_deficit,news,nigeria,revenuecleanfullhttps://www.spreaker.com/episode/nigerian-president-urged-not-to-cancel-amnesty-programme--51836961The group made the call in an open letter addressed to the President and signed by its leader Edwin Clark and other executives.
The group argued that If the programme is cancelled chaos could descend on the Niger Delta.
PANDEF says Buhari should halt the unilateral delisting of beneficiaries of the Presidential Amnesty Programme and the immediate reinstatement of youths purportedly delisted.”]]>https://api.spreaker.com/episode/51836961Wed, 09 Nov 2022 14:17:28 +0000Africa Business RadioThe Pan Niger Delta Forum has urged President Muhammadu Buhari not to cancel the Presidential Amnesty Programme. The group made the call in an open letter addressed to the President and signed by its leader Edwin Clark and other executives. The...The group made the call in an open letter addressed to the President and signed by its leader Edwin Clark and other executives.
The group argued that If the programme is cancelled chaos could descend on the Niger Delta.
PANDEF says Buhari should halt the unilateral delisting of beneficiaries of the Presidential Amnesty Programme and the immediate reinstatement of youths purportedly delisted.”]]>50africa_business_radio,amnesty,news,niger_deltacleanfullhttps://www.spreaker.com/episode/abuja-kaduna-train-services-to-resume-in-november--51836963The Minister Of Transportation, Mu’azu Sambo says adequate security has been put in place to ensure the safety of passengers but did not give any specific date for the resumption.
Sambo says the ministry has learned enough lessons from the attack in March that led to the suspension of train service on the Abuja-Kaduna route.
The minister also noted that a system has been put in place that will ensure prompt monitoring of movements on the rail tracks.]]>https://api.spreaker.com/episode/51836963Wed, 09 Nov 2022 14:15:23 +0000Africa Business RadioThe Federal Government says train services on the Abuja-Kaduna rail line will resume this November. The Minister Of Transportation, Mu’azu Sambo says adequate security has been put in place to ensure the safety of passengers but did not give any...The Minister Of Transportation, Mu’azu Sambo says adequate security has been put in place to ensure the safety of passengers but did not give any specific date for the resumption.
Sambo says the ministry has learned enough lessons from the attack in March that led to the suspension of train service on the Abuja-Kaduna route.
The minister also noted that a system has been put in place that will ensure prompt monitoring of movements on the rail tracks.]]>54africa_business_radio,bandits,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-to-make-n170bn-provision-for-asuu-in-2023-budget--51836964Speaker of the House, Femi Gbajabiamila, says the move will provide a level of increment in the welfare package of university lecturers.
He says the efforts were ongoing to find lasting solutions to all the issues raised by ASUU. He stated that the budget included an additional N300 billion revitalization fund to improve the infrastructure and operations of the federal universities.
The Speaker explained that President Muhammadu is interested in looking into the latest issues and concerns raised by the varsity teachers.
He says the decision is based on the government’s legitimate interest in preventing moral hazard and discouraging disruptive industrial actions.]]>https://api.spreaker.com/episode/51836964Wed, 09 Nov 2022 14:13:36 +0000Africa Business RadioThe House of Representatives is making arrangements for an N170 billion fund for the Academic Staff Union of Universities in the 2023 budget. Speaker of the House, Femi Gbajabiamila, says the move will provide a level of increment in the welfare...Speaker of the House, Femi Gbajabiamila, says the move will provide a level of increment in the welfare package of university lecturers.
He says the efforts were ongoing to find lasting solutions to all the issues raised by ASUU. He stated that the budget included an additional N300 billion revitalization fund to improve the infrastructure and operations of the federal universities.
The Speaker explained that President Muhammadu is interested in looking into the latest issues and concerns raised by the varsity teachers.
He says the decision is based on the government’s legitimate interest in preventing moral hazard and discouraging disruptive industrial actions.]]>71africa_business_radio,asuu,education,news,nigerian_lawmakers,universitiescleanfullhttps://www.spreaker.com/episode/us-court-sentences-hushpuppi-to-over-11-years-in-prison--51836965The US District Judge Otis D. Wright II ordered the 40-year-old convict to pay $1,732,841 in restitution to two fraud victims.
The judge says Hushpuppi conspired to launder tens of millions of dollars through online scams and flaunted his luxurious, crime-funded lifestyle on social media.
Hushpuppi has remained in US federal custody since his expulsion from the UAE.
United States Attorney Martin Estrada says Abbas bragged on social media about his lavish lifestyle; a lifestyle funded by his involvement in transnational fraud and money laundering conspiracies targeting victims around the world.]]>https://api.spreaker.com/episode/51836965Wed, 09 Nov 2022 14:11:56 +0000Africa Business RadioA United States court in Los Angeles, California, sentenced international fraudster, Ramon Olorunwa Abbas popularly known as Hushpuppi to over 135 months over 11 years in federal prison. The US District Judge Otis D. Wright II ordered the 40-year-old...The US District Judge Otis D. Wright II ordered the 40-year-old convict to pay $1,732,841 in restitution to two fraud victims.
The judge says Hushpuppi conspired to launder tens of millions of dollars through online scams and flaunted his luxurious, crime-funded lifestyle on social media.
Hushpuppi has remained in US federal custody since his expulsion from the UAE.
United States Attorney Martin Estrada says Abbas bragged on social media about his lavish lifestyle; a lifestyle funded by his involvement in transnational fraud and money laundering conspiracies targeting victims around the world.]]>79africa_business_radio,hushpuppi,internet_fraud,news,nigeriacleanfullhttps://www.spreaker.com/episode/global-leaders-set-for-climate-change-talks--51810612Richer nations are to outline their programs for reducing carbon emissions.
Poorer countries have welcomed the prospect of a debate on setting up a compensation fund, with the issue included on the agenda for the first time since the United Nations adopted its climate convention.
The UN's new climate change chief, Simon Stiell, says there was still time to limit global warming to less than 1.5 degrees since the start of the industrial era - the target adopted at earlier summits]]>https://api.spreaker.com/episode/51810612Mon, 07 Nov 2022 13:01:15 +0000Africa Business RadioThe world climate change summit in Egypt is to hear from heads of state and government looking to galvanize global action to tackle climate change. Richer nations are to outline their programs for reducing carbon emissions. Poorer countries have...Richer nations are to outline their programs for reducing carbon emissions.
Poorer countries have welcomed the prospect of a debate on setting up a compensation fund, with the issue included on the agenda for the first time since the United Nations adopted its climate convention.
The UN's new climate change chief, Simon Stiell, says there was still time to limit global warming to less than 1.5 degrees since the start of the industrial era - the target adopted at earlier summits]]>58africa,africa_business_radio,climate_change,cop27,egypt,global_action,newscleanfullhttps://www.spreaker.com/episode/musk-pledges-to-remove-twitter-imposters-after-celebrity-protests--51810615Musk says that any accounts engaging in impersonation would be permanently suspended after some high-profile accounts changed their name to Elon Musk to protest the Tesla CEO’s shake-up of the platform’s verification standards.
Musk tweeted that widespread verification would democratise journalism and give voice to the public.]]>https://api.spreaker.com/episode/51810615Mon, 07 Nov 2022 12:58:26 +0000Africa Business RadioElon Musk says he will remove Twitter accounts that impersonate others amid a backlash over the billionaire’s decision to offer the platform’s blue check mark to all users for a monthly fee. Musk says that any accounts engaging in impersonation would...Musk says that any accounts engaging in impersonation would be permanently suspended after some high-profile accounts changed their name to Elon Musk to protest the Tesla CEO’s shake-up of the platform’s verification standards.
Musk tweeted that widespread verification would democratise journalism and give voice to the public.]]>53africa_business_radio,elon_musk,news,twitter,verificationcleanfullhttps://www.spreaker.com/episode/namibia-launches-economic-partnership-agreement--51810611She says the EPA Implementation Plan for Namibia which we are also launching is geared towards attaining the objectives of the SADC - EU EPA and ensuring that the potential benefits that can accrue from it are fully utilized by the intended beneficiaries, which include exporters, importers, consumers, and the entire business fraternity.
Lipumbu says the Namibian EPA Implementation Plan was developed with the support of financial assistance from the EU.
She says the Forum will have several interactive engagements and presentations focusing on opportunities for Namibian and EU traders, agriculture and agro-processing, manufacturing, and trade facilitation and logistics.]]>https://api.spreaker.com/episode/51810611Mon, 07 Nov 2022 12:55:41 +0000Africa Business RadioThe Namibian minister of industrialization and trade, Lucia Iipumbu, launched an economic partnership agreement implementation plan at the Southern African Development Community European Union EPA Trade Forum. She says the EPA Implementation Plan for...She says the EPA Implementation Plan for Namibia which we are also launching is geared towards attaining the objectives of the SADC - EU EPA and ensuring that the potential benefits that can accrue from it are fully utilized by the intended beneficiaries, which include exporters, importers, consumers, and the entire business fraternity.
Lipumbu says the Namibian EPA Implementation Plan was developed with the support of financial assistance from the EU.
She says the Forum will have several interactive engagements and presentations focusing on opportunities for Namibian and EU traders, agriculture and agro-processing, manufacturing, and trade facilitation and logistics.]]>78africa_business_radio,economic_partnership,european_union,namibia,newscleanfullhttps://www.spreaker.com/episode/kenya-makes-public-china-agreements-for-3bn-railway--51810610The $3bn Chinese-funded and operated railway line is Kenya's biggest infrastructure project since independence in 1963 and Its viability has been repeatedly questioned since it was launched.
Minister Kipchumba Murkomen says copies of the agreement had been given to the majority leaders in Kenya's parliament and also shared with the media.
The agreements were signed by the Kenyan government, represented by the national treasury, and the Export and Import Bank of China in 2014.]]>https://api.spreaker.com/episode/51810610Mon, 07 Nov 2022 12:53:15 +0000Africa Business RadioKenya's transport minister has made public documents about a massive Kenyan railway project signed with China after years of secrecy. The $3bn Chinese-funded and operated railway line is Kenya's biggest infrastructure project since independence in...The $3bn Chinese-funded and operated railway line is Kenya's biggest infrastructure project since independence in 1963 and Its viability has been repeatedly questioned since it was launched.
Minister Kipchumba Murkomen says copies of the agreement had been given to the majority leaders in Kenya's parliament and also shared with the media.
The agreements were signed by the Kenyan government, represented by the national treasury, and the Export and Import Bank of China in 2014.]]>59africa_business_radio,china,kenya,news,partnershipcleanfullhttps://www.spreaker.com/episode/tanzania-to-hold-funeral-service-for-plane-crash-victims--51810614The plane crashed on Sunday morning near the shore at the end of the Bukoba airport runway.
The operator Precision Air reporysthat of the 43 people on board, there were 24 survivors.]]>https://api.spreaker.com/episode/51810614Mon, 07 Nov 2022 12:52:04 +0000Africa Business RadioTanzania's Prime Minister Kassim Majaliwa will on Monday lead mourners in paying their respects at a funeral service for 19 people killed after a passenger plane crashed into Lake Victoria in Tanzania. The plane crashed on Sunday morning near the...The plane crashed on Sunday morning near the shore at the end of the Bukoba airport runway.
The operator Precision Air reporysthat of the 43 people on board, there were 24 survivors.]]>48africa,africa_business_radio,news,plane_crash,tanzaniacleanfullhttps://www.spreaker.com/episode/nigerian-government-advised-to-pay-academic-members-full-salaries--51810613The Federal Government had paid half salaries for October 2022 insisting that the varsity teachers cannot be paid for not working.
The Ministry Of Labour and Employment says they were paid in pro-rata for the number of days that they worked in October, counting from the day that they suspended their industrial action.
Falana, however, says the no work, no pay’ policy does not apply to ASUU members.]]>https://api.spreaker.com/episode/51810613Mon, 07 Nov 2022 12:49:11 +0000Africa Business RadioHuman rights lawyer Femi Falana has advised President Muhammadu Buhari to direct public universities to pay members of the Academic Staff Union of Universities their full salaries. The Federal Government had paid half salaries for October 2022...The Federal Government had paid half salaries for October 2022 insisting that the varsity teachers cannot be paid for not working.
The Ministry Of Labour and Employment says they were paid in pro-rata for the number of days that they worked in October, counting from the day that they suspended their industrial action.
Falana, however, says the no work, no pay’ policy does not apply to ASUU members.]]>59africa_business_radio,asuu,education,industrual_action,news,nigeriacleanfullhttps://www.spreaker.com/episode/african-development-bank-mobilises-31bn-investment-interest-from-global-investors--51810616AfDB President, Dr. Akinwumi Adesina, commended the forum’s outcomes and the partners’ commitment.
He says the AIF’s focus was to attract more foreign direct investment to Africa and ensure the private sector remained the driving force of that transformation.
Adesina says the private sector is Africa’s growth accelerator and they must mitigate real and perceived risks and persuade the private sector that investing in Africa is safe.]]>https://api.spreaker.com/episode/51810616Mon, 07 Nov 2022 12:47:41 +0000Africa Business RadioThe African Development Bank has drawn $31 billion in investment interest from African and global investors. AfDB President, Dr. Akinwumi Adesina, commended the forum’s outcomes and the partners’ commitment. He says the AIF’s focus was to attract...AfDB President, Dr. Akinwumi Adesina, commended the forum’s outcomes and the partners’ commitment.
He says the AIF’s focus was to attract more foreign direct investment to Africa and ensure the private sector remained the driving force of that transformation.
Adesina says the private sector is Africa’s growth accelerator and they must mitigate real and perceived risks and persuade the private sector that investing in Africa is safe.]]>57africa_business_radio,africa_development_bank,global_investors,investment,newscleanfullhttps://www.spreaker.com/episode/nigerian-government-eyes-n834tn-to-meet-net-zero-target--51810609The Energy Transition Plan says Nigeria would require $1.9trn to get to net zero by 2060, including $410bn above projected usual spending, which translates to about $10bn or N4trn annually over the coming decades.
The Federal Government says Nigeria would raise an initial $10bn support package ahead of the COP27 holding in Egypt, adding that a $23bn investment opportunity had also been identified based on current in-country programs and projected that were directly related to just the energy transition.]]>https://api.spreaker.com/episode/51810609Mon, 07 Nov 2022 12:43:38 +0000Africa Business RadioThe Federal Government says Nigeria will require $1.9trn or N834trn to attain net zero by 2060 as part of its support to the global fight against climate change and meeting the country’s Energy Transition Plan. The Energy Transition Plan says Nigeria...The Energy Transition Plan says Nigeria would require $1.9trn to get to net zero by 2060, including $410bn above projected usual spending, which translates to about $10bn or N4trn annually over the coming decades.
The Federal Government says Nigeria would raise an initial $10bn support package ahead of the COP27 holding in Egypt, adding that a $23bn investment opportunity had also been identified based on current in-country programs and projected that were directly related to just the energy transition.]]>75africa_buiness_radio,cop27,energy_transition,net_zero,news,nigericleanfullhttps://www.spreaker.com/episode/elon-musk-says-8-monthly-fee-for-twitter-blue-tick--51783125Mr. Musk says it was essential to defeat spam/scam as part of changes after a $44bn (£38bn) takeover of the social media site,
A blue tick symbol next to a username - normally for high-profile figures - is currently free.
Critics say the move could make it harder to identify reliable sources.
Mr. Musk, the world's richest person, added that paid users would have priority in replies and searches, and half as many advertisements.]]>https://api.spreaker.com/episode/51783125Fri, 04 Nov 2022 08:01:50 +0000Africa Business RadioElon Musk says Twitter will charge $8 monthly to Twitter users who want a blue tick by their name indicating a verified account. Mr. Musk says it was essential to defeat spam/scam as part of changes after a $44bn (£38bn) takeover of the social media...Mr. Musk says it was essential to defeat spam/scam as part of changes after a $44bn (£38bn) takeover of the social media site,
A blue tick symbol next to a username - normally for high-profile figures - is currently free.
Critics say the move could make it harder to identify reliable sources.
Mr. Musk, the world's richest person, added that paid users would have priority in replies and searches, and half as many advertisements.]]>57africa_business_radio,elon_musk,news,twittercleanfullhttps://www.spreaker.com/episode/uk-faces-longest-recession-ever--51783133The Bank says the country would face a very challenging two-year slump and unemployment will nearly double.
It lifted UK interest rates to 3% from 2.25%, the biggest jump since 1989.
Interest rates have been rising since last December as the cost of living has accelerated, leaving many UK households facing hardship.
The Bank now believes the economy already entered a "challenging" downturn this summer, which will continue next year and into the first half of 2024 - a possible general election year.]]>https://api.spreaker.com/episode/51783133Fri, 04 Nov 2022 08:00:09 +0000Africa Business RadioThe Bank of England has warned the UK is facing its longest recession since records began, as it raised interest rates by the most in 33 years. The Bank says the country would face a very challenging two-year slump and unemployment will nearly...The Bank says the country would face a very challenging two-year slump and unemployment will nearly double.
It lifted UK interest rates to 3% from 2.25%, the biggest jump since 1989.
Interest rates have been rising since last December as the cost of living has accelerated, leaving many UK households facing hardship.
The Bank now believes the economy already entered a "challenging" downturn this summer, which will continue next year and into the first half of 2024 - a possible general election year.]]>75africa_business_radio,england,inflation,news,recession,u.kcleanfullhttps://www.spreaker.com/episode/us-south-korea-extend-air-drills-after-north-korea-s-provocations--51783130The force revealed that the joint air drills, the largest ever of such exercises, had become imminent as a result of recent missile testing by North Korea.
The joint air forces have agreed to extend the Vigilant Storm drill that kicked off on October 31 with respect to the North’s recent provocations.]]>https://api.spreaker.com/episode/51783130Fri, 04 Nov 2022 07:58:39 +0000Africa Business RadioThe South Korean air force has said it would extend ongoing joint air drills with the United States after North Korea’s recent provocations. The force revealed that the joint air drills, the largest ever of such exercises, had become imminent as a...The force revealed that the joint air drills, the largest ever of such exercises, had become imminent as a result of recent missile testing by North Korea.
The joint air forces have agreed to extend the Vigilant Storm drill that kicked off on October 31 with respect to the North’s recent provocations.]]>52africa_business_radio,news,north_korea,south_korea,u.scleanfullhttps://www.spreaker.com/episode/us-to-drop-burkina-faso-from-tax-free-trade-pact--51783127President Joe Biden cited Burkina Faso’s lack of progress toward protecting the rule of law and political pluralism for terminating the country as a beneficiary of the African Growth and Opportunity Act.
US trade representative Katherine Tai says that the US was deeply concerned by the unconstitutional changes in government in Burkina Faso.
She asked the government to take necessary actions to meet Agoa’s criteria and return to elective democracy.]]>https://api.spreaker.com/episode/51783127Fri, 04 Nov 2022 07:50:37 +0000Africa Business RadioThe United States intends to exclude Burkina Faso from a trade deal that gives exporters in Africa tariff-free access to the American market. President Joe Biden cited Burkina Faso’s lack of progress toward protecting the rule of law and political...President Joe Biden cited Burkina Faso’s lack of progress toward protecting the rule of law and political pluralism for terminating the country as a beneficiary of the African Growth and Opportunity Act.
US trade representative Katherine Tai says that the US was deeply concerned by the unconstitutional changes in government in Burkina Faso.
She asked the government to take necessary actions to meet Agoa’s criteria and return to elective democracy.]]>69africa,africa_business_radio,burkina_faso,export,international_trade,news,tariff_free,united_statescleanfullhttps://www.spreaker.com/episode/world-leaders-hail-ethiopia-tigray-peace-deal--51783135UN Secretary-General Antonio Guterres has welcomed the truce and has urged all Ethiopians and the international community to support the bold step taken by the two warring parties.
Mr. Guterres says the agreement is a critical first step towards ending the devastating two-year-old conflict in which the lives and livelihoods of so many Ethiopians have been lost.
US Secretary of State Antony Blinken hailed the momentous step and noted that his country would remain closely engaged to support the continued AU-led efforts in the weeks ahead.]]>https://api.spreaker.com/episode/51783135Fri, 04 Nov 2022 07:44:04 +0000Africa Business RadioWorld leaders have hailed the deal signed by the two sides in Ethiopia’s civil war ending hostilities in the two-year conflict. UN Secretary-General Antonio Guterres has welcomed the truce and has urged all Ethiopians and the international community...UN Secretary-General Antonio Guterres has welcomed the truce and has urged all Ethiopians and the international community to support the bold step taken by the two warring parties.
Mr. Guterres says the agreement is a critical first step towards ending the devastating two-year-old conflict in which the lives and livelihoods of so many Ethiopians have been lost.
US Secretary of State Antony Blinken hailed the momentous step and noted that his country would remain closely engaged to support the continued AU-led efforts in the weeks ahead.]]>72africa_business_radio,ethiopia,news,peace_pact,tigray,u.scleanfullhttps://www.spreaker.com/episode/ukraine-grain-deal-to-consider-african-nations-in-need--51783132Recep Tayyip Erdogan says he and Ukrainian President Volodymyr Zelensky had discussed sending grain to African countries.
Mr. Erdogan says the situation in Djibouti, Somalia, and Sudan is not good at all. If there is a problem in any other less developed countries.
The grain deal was brokered by the UN and Turkey in July, bringing to an end a five-month Russian blockade of Ukrainian ports that trapped millions of tonnes of grain and sunflower oil and sent food prices soaring.
The deal ends on 19 November and those involved still have to agree on extending it.]]>https://api.spreaker.com/episode/51783132Fri, 04 Nov 2022 07:41:10 +0000Africa Business RadioTurkey's president says a deal to free up grain exports from Ukraine will consider African countries struggling with supplies. Recep Tayyip Erdogan says he and Ukrainian President Volodymyr Zelensky had discussed sending grain to African countries....Recep Tayyip Erdogan says he and Ukrainian President Volodymyr Zelensky had discussed sending grain to African countries.
Mr. Erdogan says the situation in Djibouti, Somalia, and Sudan is not good at all. If there is a problem in any other less developed countries.
The grain deal was brokered by the UN and Turkey in July, bringing to an end a five-month Russian blockade of Ukrainian ports that trapped millions of tonnes of grain and sunflower oil and sent food prices soaring.
The deal ends on 19 November and those involved still have to agree on extending it.]]>68africa_business_radio,grain_deal,news,russia,ukraine,uncleanfullhttps://www.spreaker.com/episode/ethiopia-and-tigray-rebels-cease-hostilities--51783129The surprise deal between Prime Minister Abiy Ahmed’s government and Tigrayan rebels was unveiled after little over a week of negotiations led by the African Union in South Africa and was hailed by the UN and the US among others.
The breakthrough was announced by the African Union’s mediator, former Nigerian President Olusegun Obasanjo, almost exactly two years to the day since the war erupted in November 2020.
They also agreed on the restoration of law and order, restoration of services, unhindered access to humanitarian supplies, and protection of civilians among other areas of agreement.]]>https://api.spreaker.com/episode/51783129Fri, 04 Nov 2022 07:39:36 +0000Africa Business RadioThe warring sides in Ethiopia announced an agreement to silence their guns after two years of devastating conflict that have claimed thousands of lives and left millions needing aid in Africa’s second most populous country. The surprise deal between...The surprise deal between Prime Minister Abiy Ahmed’s government and Tigrayan rebels was unveiled after little over a week of negotiations led by the African Union in South Africa and was hailed by the UN and the US among others.
The breakthrough was announced by the African Union’s mediator, former Nigerian President Olusegun Obasanjo, almost exactly two years to the day since the war erupted in November 2020.
They also agreed on the restoration of law and order, restoration of services, unhindered access to humanitarian supplies, and protection of civilians among other areas of agreement.]]>72africa,africa_business_radio,ethiopia,news,tigraycleanfullhttps://www.spreaker.com/episode/nigerian-minister-gives-update-on-worst-hit-states-affected-by-flooding--51783131The minister says instead, Jigawa is ranked the number one most-hit state.
The ministry says the criteria used to arrive at the conclusion are based on the following indices: the number of deaths recorded and displaced persons per state, number of injuries, partially damaged, houses totally damaged, and farmlands partially a d totally damaged.]]>https://api.spreaker.com/episode/51783131Fri, 04 Nov 2022 07:37:00 +0000Africa Business RadioThe Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Farouq says that from the assessment carried out so far by the ministry, Bayelsa State is not among the top ten most affected states by the recent floods. The...The minister says instead, Jigawa is ranked the number one most-hit state.
The ministry says the criteria used to arrive at the conclusion are based on the following indices: the number of deaths recorded and displaced persons per state, number of injuries, partially damaged, houses totally damaged, and farmlands partially a d totally damaged.]]>77africa_business_radio,flooding,natural_disaster,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-questions-finance-minister-over-n147bn-projects--51783128The Chairman of the Committee, Senator Gabriel Suswam, claimed that the committee could not explain how the funds for the multilateral projects in the power sector were being expended.
Suswam says the actual capital budget of the Ministry of power for the 2023 is N44 billion while N147 billion is meant for bilateral and multilateral projects.]]>https://api.spreaker.com/episode/51783128Fri, 04 Nov 2022 07:33:50 +0000Africa Business RadioThe Senate Committee on Power has summoned Minister of Finance, Zainab Ahmed, to over N147 billion included in the capital project of the Ministry of Power. The Chairman of the Committee, Senator Gabriel Suswam, claimed that the committee could not...The Chairman of the Committee, Senator Gabriel Suswam, claimed that the committee could not explain how the funds for the multilateral projects in the power sector were being expended.
Suswam says the actual capital budget of the Ministry of power for the 2023 is N44 billion while N147 billion is meant for bilateral and multilateral projects.]]>632023_election,africa_business_radio,finance,lawmakers,news,nigeriacleanfullhttps://www.spreaker.com/episode/banker-oleg-tinkov-renounces-russian-citizenship-over-ukraine--51763558Mr Tinkov founded the online Tinkoff Bank, one of Russia's largest lenders, with about 20 million customers.
An independent Russian news source, Sota Vision, tweeted a photo of Mr Tinkov's certificate showing his Russian citizenship terminated, as well as his tirade on Instagram against President Vladimir Putin's Russia.
The banker says it is a shame for to continue to hold this passport.]]>https://api.spreaker.com/episode/51763558Wed, 02 Nov 2022 12:29:49 +0000Africa Business RadioA billionaire Russian banker, Oleg Tinkov, has given up his Russian citizenship because of the war in Ukraine and condemned Putin fascism. Mr Tinkov founded the online Tinkoff Bank, one of Russia's largest lenders, with about 20 million customers....Mr Tinkov founded the online Tinkoff Bank, one of Russia's largest lenders, with about 20 million customers.
An independent Russian news source, Sota Vision, tweeted a photo of Mr Tinkov's certificate showing his Russian citizenship terminated, as well as his tirade on Instagram against President Vladimir Putin's Russia.
The banker says it is a shame for to continue to hold this passport.]]>54africa_business_radio,news,outin,russia,ukrainecleanfullhttps://www.spreaker.com/episode/putin-suspends-black-sea-grain-exports-deal--51763564Moscow pulled out of the UN-brokered agreement on Saturday, alleging that Ukraine had used a safety corridor in the Black Sea to attack its fleet.
The UN says there were no ships inside the corridor that night.
Ukrainian President Volodymyr Zelensky says the deal would be honoured and accused Russia of blackmailing the world with hunger.]]>https://api.spreaker.com/episode/51763564Wed, 02 Nov 2022 12:26:58 +0000Africa Business RadioPresident Vladimir Putin says Russia is suspending - but not ending - its participation in a deal that allows safe passage to vessels carrying Ukrainian grain exports. Moscow pulled out of the UN-brokered agreement on Saturday, alleging that Ukraine...Moscow pulled out of the UN-brokered agreement on Saturday, alleging that Ukraine had used a safety corridor in the Black Sea to attack its fleet.
The UN says there were no ships inside the corridor that night.
Ukrainian President Volodymyr Zelensky says the deal would be honoured and accused Russia of blackmailing the world with hunger.]]>52africa_business_radio,agriculture,black_sea_deal,news,russia,ukraincleanfullhttps://www.spreaker.com/episode/us-court-blocks-penguin-merger-with-simon-schuster--51763557US District Judge Florence Pan says the deal could substantially lessen competition in the publishing industry.
The US Department of Justice filed a lawsuit to stop the deal last November.
Judge Pan says the court finds that the United States has shown that the effect of the proposed merger may be substantial to lessen competition in the market for the US publishing rights to anticipated top-selling books.
Penguin says that it would appeal against the decision, calling it an unfortunate setback for readers and authors.]]>https://api.spreaker.com/episode/51763557Wed, 02 Nov 2022 12:22:27 +0000Africa Business RadioA US court has blocked a $2.2bn merger between the world's largest book publisher Penguin Random House and it's rival Simon & Schuster. US District Judge Florence Pan says the deal could substantially lessen competition in the publishing industry....US District Judge Florence Pan says the deal could substantially lessen competition in the publishing industry.
The US Department of Justice filed a lawsuit to stop the deal last November.
Judge Pan says the court finds that the United States has shown that the effect of the proposed merger may be substantial to lessen competition in the market for the US publishing rights to anticipated top-selling books.
Penguin says that it would appeal against the decision, calling it an unfortunate setback for readers and authors.]]>61africa_business_radio,news,penguin_house,u.scleanfullhttps://www.spreaker.com/episode/musk-dissolves-twitter-board-becomes-sole-director--51763565The documents state that the consummation of the Merger occurred on October 27, at which point Mr. Musk became the sole director of Twitter, while the entire board, including CEO Parag Agrawal, was let go.
Musk has reassured advertisers that the site would not become a free-for-all hellscape and announced the formation of a content moderation council.]]>https://api.spreaker.com/episode/51763565Wed, 02 Nov 2022 12:18:49 +0000Africa Business RadioThe US Securities and Exchange Commission reports that Elon Musk has become Twitter’s sole director after finalizing his $44 billion purchase of the social media site and dissolving its corporate board. The documents state that the consummation of...The documents state that the consummation of the Merger occurred on October 27, at which point Mr. Musk became the sole director of Twitter, while the entire board, including CEO Parag Agrawal, was let go.
Musk has reassured advertisers that the site would not become a free-for-all hellscape and announced the formation of a content moderation council.]]>54africa_business_radio,elon_musk,news,twittercleanfullhttps://www.spreaker.com/episode/kenyan-president-orders-police-reforms--51763563Reports say the move followed an investigation into the disappearance of two Indian nationals and their local driver in July.
Kenyan police were in the spotlight this past week over the killing of Pakistani journalist Ashrad Sharif in what they claim was a case of mistaken identity.]]>https://api.spreaker.com/episode/51763563Wed, 02 Nov 2022 12:17:19 +0000Africa Business RadioKenyan President William Ruto has reaffirmed his government’s commitment to end extra-judicial killings in the country, by ordering a police watchdog to draw up plans for reforms with civilian oversight. Reports say the move followed an investigation...Reports say the move followed an investigation into the disappearance of two Indian nationals and their local driver in July.
Kenyan police were in the spotlight this past week over the killing of Pakistani journalist Ashrad Sharif in what they claim was a case of mistaken identity.]]>50africa,africa_business_radio,kenya,news,police_reformcleanfullhttps://www.spreaker.com/episode/ghana-president-seeks-to-reassure-over-economic-crisis--51763560Ghana is seeking a $3 billion credit as the country faces 35 percent inflation, a sharp fall in the cedi currency and high debt service payments.
The president said the IMF deal would not mean any so-called hair-cuts to trim the value of the country’s debt, which would mean bondholders would lose money.
He says the government would review import standards and support farmers in a bid to reduce reliance on now more costly imported goods.]]>https://api.spreaker.com/episode/51763560Wed, 02 Nov 2022 12:15:38 +0000Africa Business RadioGhana’s President Nana Akufo-Addo has sought to reassure the country his government can manage an economic crisis as it negotiates a loan agreement with the International Monetary Fund. Ghana is seeking a $3 billion credit as the country faces 35...Ghana is seeking a $3 billion credit as the country faces 35 percent inflation, a sharp fall in the cedi currency and high debt service payments.
The president said the IMF deal would not mean any so-called hair-cuts to trim the value of the country’s debt, which would mean bondholders would lose money.
He says the government would review import standards and support farmers in a bid to reduce reliance on now more costly imported goods.]]>59africa,africa_business_radio,economic_crisis,ghana,imf,newscleanfullhttps://www.spreaker.com/episode/china-harbour-completes-construction-of-1-5bn-lekki-deep-sea-port--51763559The Vice President of CHEC, Mr. Wu Di, disclosed that the construction of the port officially started on June 15, 2020, and was completed on Monday, October 24, 2022.
Di revealed that the total contract value of the EPC for the project’s first phase was $581 million.
He added that the completion of the construction would pave the way for the container terminal operator, the Lekki Free Port Terminal, a subsidiary of the CMA/CGM group, to take over the Port in readiness for the start of port operations.]]>https://api.spreaker.com/episode/51763559Wed, 02 Nov 2022 12:13:35 +0000Africa Business RadioThe China Habour Engineering LFTZ Enterprise, a subsidiary of China Habour Engineering Company Limited that is the engineering, procurement, and construction contractor for the $1.5 billion Lekki Deep Sea Port, has announced the completion of the...The Vice President of CHEC, Mr. Wu Di, disclosed that the construction of the port officially started on June 15, 2020, and was completed on Monday, October 24, 2022.
Di revealed that the total contract value of the EPC for the project’s first phase was $581 million.
He added that the completion of the construction would pave the way for the container terminal operator, the Lekki Free Port Terminal, a subsidiary of the CMA/CGM group, to take over the Port in readiness for the start of port operations.]]>70africa_business_radio,china,lekki_deep_port,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-working-with-foreign-missions-for-greater-synergy--51763561This comes on the heels of several foreign missions issuing alerts to their citizens, including warning of possible terror attacks in Abuja, providing emergency services for their citizens in Nigeria, and approving the evacuation of embassy staff.
Onyeama, in conjunction with the National Security Adviser, and the Chief of Defence Staff, noted that there were ongoing efforts to neutralize security threats.
He says there is a foreign dimension to this issue as alerts were obviously issued by foreign countries with missions here in Nigeria.
He says the Federal Government is in full engagement with foreign partners with Nigerian security personnel and agencies fully on top of the situation.]]>https://api.spreaker.com/episode/51763561Wed, 02 Nov 2022 12:12:15 +0000Africa Business RadioThe Minister of Foreign Affairs, Mr. Geoffrey Onyeama, says Nigeria is working with foreign partners to achieve greater synergy through constructive rather than alarmist dialogue. This comes on the heels of several foreign missions issuing alerts to...This comes on the heels of several foreign missions issuing alerts to their citizens, including warning of possible terror attacks in Abuja, providing emergency services for their citizens in Nigeria, and approving the evacuation of embassy staff.
Onyeama, in conjunction with the National Security Adviser, and the Chief of Defence Staff, noted that there were ongoing efforts to neutralize security threats.
He says there is a foreign dimension to this issue as alerts were obviously issued by foreign countries with missions here in Nigeria.
He says the Federal Government is in full engagement with foreign partners with Nigerian security personnel and agencies fully on top of the situation.]]>71africa_business_radio,foreign_mission,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-domestic-gas-supply-grows-by-14--51763562It says this was against the 50.66 percent that was achieved in 2020, noting that efforts were being intensified to further grow the country’s gas supply volumes in 2022.
The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, explained that Nigeria’s gas demand requirement also rose marginally by 5.9 percent to 250 million standard cubic feet per day in 2022.
The NMDPRA boss, however, noted that despite the improved performance recorded in 2021, the domestic gas market had continued to experience significant challenges.]]>https://api.spreaker.com/episode/51763562Wed, 02 Nov 2022 12:09:59 +0000Africa Business RadioThe Federal Government announced that the estimated performance of Nigeria’s domestic gas supply obligation rose by 14.14 percent to 64.8 percent in 2021. It says this was against the 50.66 percent that was achieved in 2020, noting that efforts were...It says this was against the 50.66 percent that was achieved in 2020, noting that efforts were being intensified to further grow the country’s gas supply volumes in 2022.
The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, explained that Nigeria’s gas demand requirement also rose marginally by 5.9 percent to 250 million standard cubic feet per day in 2022.
The NMDPRA boss, however, noted that despite the improved performance recorded in 2021, the domestic gas market had continued to experience significant challenges.]]>70africa_business_radio,gas_supply,news,nigeriacleanfullhttps://www.spreaker.com/episode/south-korea-promises-thorough-investigation-after-fatal-crowd-stampede--51739002Officials say the death toll had risen to 154, with 149 people injured, 33 of them in serious condition.
Tens of thousands of people crowded into the narrow streets and alleyways of Seoul’s popular Itaewon district on Saturday for the first major Halloween festivities since the COVID-19 pandemic struck three years ago.
Many of the victims were in their teens and dressed in Halloween costumes.]]>https://api.spreaker.com/episode/51739002Mon, 31 Oct 2022 14:51:24 +0000Africa Business RadioSouth Korean Prime Minister Han Duck-soo has promised a thorough investigation into the Halloween crush over the weekend that killed more than 150 people in the capital and plunged the country into mourning. Officials say the death toll had risen to...Officials say the death toll had risen to 154, with 149 people injured, 33 of them in serious condition.
Tens of thousands of people crowded into the narrow streets and alleyways of Seoul’s popular Itaewon district on Saturday for the first major Halloween festivities since the COVID-19 pandemic struck three years ago.
Many of the victims were in their teens and dressed in Halloween costumes.]]>58africa_business_radio,hallowen_stampede,news,south_koreacleanfullhttps://www.spreaker.com/episode/ghana-faces-the-worst-economic-crisis-in-history--51738997The Ghana cedi has depreciated by over 50% this year and is listed as the world’s worst-performing currency against the US dollar.
Mr. Akufo-Addo blamed speculation and illegal forex traders for the depreciation, adding that the central bank would clamp down on perpetrators.
The president says the government would maintain a 30% cut in the salaries of the president, vice president, ministers, and other government appointees.
The president assured investors in government treasury bills and other financial instruments that they would not lose their money because of the deal - amid concerns that a possible debt-restructuring agreement could affect the investors.]]>https://api.spreaker.com/episode/51738997Mon, 31 Oct 2022 14:48:36 +0000Africa Business RadioGhanaian President Nana Akufo-Addo says his country is experiencing its worst economic crisis. The Ghana cedi has depreciated by over 50% this year and is listed as the world’s worst-performing currency against the US dollar. Mr. Akufo-Addo blamed...The Ghana cedi has depreciated by over 50% this year and is listed as the world’s worst-performing currency against the US dollar.
Mr. Akufo-Addo blamed speculation and illegal forex traders for the depreciation, adding that the central bank would clamp down on perpetrators.
The president says the government would maintain a 30% cut in the salaries of the president, vice president, ministers, and other government appointees.
The president assured investors in government treasury bills and other financial instruments that they would not lose their money because of the deal - amid concerns that a possible debt-restructuring agreement could affect the investors.]]>64africa_business_radio,economic_crisis,ghana,investing,news,treasury_billcleanfullhttps://www.spreaker.com/episode/african-union-urges-immediate-ceasefire-amid-dr-congo-fighting--51739001DR Congo has expelled the Rwandan ambassador, accusing Kigali of supporting the M23 rebels who are now threatening the city of Goma.
It follows the take-over by the rebels of a key transit town in the east of the country.
Rwanda has repeatedly denied the allegation that it supports the rebels.
The town of Kiwandja fell to rebel hands on Saturday, potentially cutting off the regional capital, Goma, from the north of mineral-rich North Kivu province.
The AU has urged all the parties to engage in a constructive dialogue and is calling them to peace talks in Kenya next month.]]>https://api.spreaker.com/episode/51739001Mon, 31 Oct 2022 14:46:28 +0000Africa Business RadioThe African Union has called for an immediate cessation of fighting in the Democratic Republic of Congo where rebels have been advancing towards a provincial capital in the east of the country. DR Congo has expelled the Rwandan ambassador, accusing...DR Congo has expelled the Rwandan ambassador, accusing Kigali of supporting the M23 rebels who are now threatening the city of Goma.
It follows the take-over by the rebels of a key transit town in the east of the country.
Rwanda has repeatedly denied the allegation that it supports the rebels.
The town of Kiwandja fell to rebel hands on Saturday, potentially cutting off the regional capital, Goma, from the north of mineral-rich North Kivu province.
The AU has urged all the parties to engage in a constructive dialogue and is calling them to peace talks in Kenya next month.]]>66africa_business_radio,african_union,dr_congo,news,rwandacleanfullhttps://www.spreaker.com/episode/south-african-president-asked-to-step-aside-over-corruption-scandal--51738998President Ramaphosa is embroiled in a corruption scandal dubbed farmgate.
It is about an alleged cover-up of a robbery that took place at his private farm, Phala Phala, back in February 2020.
Lindiwe Sisulu says she intended to put the scandal on the agenda of the ANC's top-organ meeting.
She says there needed to be a discussion on President Ramaphosa's fate and the application of the step-aside rule.]]>https://api.spreaker.com/episode/51738998Mon, 31 Oct 2022 14:43:52 +0000Africa Business RadioSouth Africa's tourism minister says President Cyril Ramaphosa should step aside in line with the ruling party’s rule about members linked to corruption scandals. President Ramaphosa is embroiled in a corruption scandal dubbed farmgate. It is about...President Ramaphosa is embroiled in a corruption scandal dubbed farmgate.
It is about an alleged cover-up of a robbery that took place at his private farm, Phala Phala, back in February 2020.
Lindiwe Sisulu says she intended to put the scandal on the agenda of the ANC's top-organ meeting.
She says there needed to be a discussion on President Ramaphosa's fate and the application of the step-aside rule.]]>57africa_business_radio,corruption_scandal,news,south_africacleanfullhttps://www.spreaker.com/episode/nigerian-government-set-to-pioneer-carbon-market--51739003Vice President, Prof. Yemi Osinbajo, is a member of the recently formed international Steering Committee for the Africa Carbon Markets Initiative which is aimed at facilitating the emergence and growth of the market in Africa.
It further stated that other members of the committee, which would be announced at the COP27 meeting in Egypt, are former President of Colombia, Ivan Duque Marquez; President of the African Development Bank, Akinwumi Adesina, among others, including officials of the United Nations, USAID, Gates Foundation, and other international private sector players.]]>https://api.spreaker.com/episode/51739003Mon, 31 Oct 2022 14:42:08 +0000Africa Business RadioThe Federal Government says the carbon market is a new and innovative climate change solution that will create, over the period of an energy transition, millions of new jobs in Nigeria. Vice President, Prof. Yemi Osinbajo, is a member of the...Vice President, Prof. Yemi Osinbajo, is a member of the recently formed international Steering Committee for the Africa Carbon Markets Initiative which is aimed at facilitating the emergence and growth of the market in Africa.
It further stated that other members of the committee, which would be announced at the COP27 meeting in Egypt, are former President of Colombia, Ivan Duque Marquez; President of the African Development Bank, Akinwumi Adesina, among others, including officials of the United Nations, USAID, Gates Foundation, and other international private sector players.]]>67africa_business_radio,carbon_market,climate_change,energy_transition,news,nigeriacleanfullhttps://www.spreaker.com/episode/international-monetary-fund-urges-caution-on-cbn-s-plan-to-replace-naira--51739004The Central Bank of Nigeria says the move will help the bank fight money laundering and insecurity.
The governor of the bank, Godwin Emefiele, says the plan would allow the bank to mop up N2.73 trillion out of the N3.23 trillion currency in circulation that is outside the vaults of commercial banks.
A former deputy governor of the CBN, Kingsley Moghalu, says the duration allowed by the bank is short and could create huge operational pressure on banks and some traders may prematurely reject the existing currency notes once the new ones come into circulation.]]>https://api.spreaker.com/episode/51739004Mon, 31 Oct 2022 14:40:13 +0000Africa Business RadioThe International Monetary Fund has advised Nigeria to be careful in its plan to redesign and replace the naira. The Central Bank of Nigeria says the move will help the bank fight money laundering and insecurity. The governor of the bank, Godwin...The Central Bank of Nigeria says the move will help the bank fight money laundering and insecurity.
The governor of the bank, Godwin Emefiele, says the plan would allow the bank to mop up N2.73 trillion out of the N3.23 trillion currency in circulation that is outside the vaults of commercial banks.
A former deputy governor of the CBN, Kingsley Moghalu, says the duration allowed by the bank is short and could create huge operational pressure on banks and some traders may prematurely reject the existing currency notes once the new ones come into circulation.]]>62africa_business_radio,central_bank,imf,money_laundering,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-president-backs-redesigning-of-naira-notes--51738999The CBN had last week said it will redesign the N1,000, N500 and N200 notes, effective December 1, a development that has elicited mixed reactions.
President Buhari says reasons given to him by the CBN convinced him that the economy stood to benefit from the reduction in inflation, currency counterfeiting, and the excess cash in circulation.
He says he did not consider the period of three months for the change to the new notes as being short.]]>https://api.spreaker.com/episode/51738999Mon, 31 Oct 2022 14:37:36 +0000Africa Business RadioPresident Muhammadu Buhari says he is fully in support of the Central Bank of Nigeria's move to redesign the naira notes. The CBN had last week said it will redesign the N1,000, N500 and N200 notes, effective December 1, a development that has...The CBN had last week said it will redesign the N1,000, N500 and N200 notes, effective December 1, a development that has elicited mixed reactions.
President Buhari says reasons given to him by the CBN convinced him that the economy stood to benefit from the reduction in inflation, currency counterfeiting, and the excess cash in circulation.
He says he did not consider the period of three months for the change to the new notes as being short.]]>57africa_business_radio,central_bank,inflation,naira_notes,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerians-urged-to-scrutinise-all-presidential-candidates--51739000The spokesman of NEF Baba Hakeem-Ahmed says Nigerians need to press their candidate and find out who among these people should be trusted.
He says the recent town hall meeting the group organised was to give the candidates a platform to tell the northern region and Nigerians what they have in store if elected in the 2023 poll.]]>https://api.spreaker.com/episode/51739000Mon, 31 Oct 2022 14:34:06 +0000Africa Business RadioThe Northern Elders Forum has called on Nigerians to question presidential candidates on how they intend to tackle the country’s challenges if elected. The spokesman of NEF Baba Hakeem-Ahmed says Nigerians need to press their candidate and find out...The spokesman of NEF Baba Hakeem-Ahmed says Nigerians need to press their candidate and find out who among these people should be trusted.
He says the recent town hall meeting the group organised was to give the candidates a platform to tell the northern region and Nigerians what they have in store if elected in the 2023 poll.]]>502023_election,africa_business_radio,news,nigeria,northern_nigeriacleanfullhttps://www.spreaker.com/episode/rishi-sunak-urged-to-raise-defence-spending-by-estonia--51712599Estonia, which borders Russia, has hosted British troops on rotation for years.
Foreign minister Urmas Reinsalu says it was vital all Nato countries spend 3% of gross domestic product on defence.
The new prime minister has previously described such targets as "arbitrary".
He however says he believed in investing in our armed forces" during his campaign to be Tory leader over the summer.]]>https://api.spreaker.com/episode/51712599Fri, 28 Oct 2022 08:25:05 +0000Africa Business RadioPrime Minister Rishi Sunak is being urged to raise UK defense spending by a key eastern European ally. Estonia, which borders Russia, has hosted British troops on rotation for years. Foreign minister Urmas Reinsalu says it was vital all Nato...Estonia, which borders Russia, has hosted British troops on rotation for years.
Foreign minister Urmas Reinsalu says it was vital all Nato countries spend 3% of gross domestic product on defence.
The new prime minister has previously described such targets as "arbitrary".
He however says he believed in investing in our armed forces" during his campaign to be Tory leader over the summer.]]>69africa_business_radio,estonia,news,rishi_sunak,u.kcleanfullhttps://www.spreaker.com/episode/germany-plans-to-legalise-recreational-cannabis--51712594Possession of up to 30g for personal use would be allowed. Licensed shops and pharmacies would sell it.
The plan has yet to be approved in parliament - but also receive the green light by the European Commission. Health Minister Karl Lauterbach said the plan could become law in 2024.
The German plan would also allow home cultivation of three cannabis plants per adult.]]>https://api.spreaker.com/episode/51712594Fri, 28 Oct 2022 08:23:51 +0000Africa Business RadioGermany's coalition government has agreed on a plan to legalize recreational cannabis use among adults. Possession of up to 30g for personal use would be allowed. Licensed shops and pharmacies would sell it. The plan has yet to be approved in...Possession of up to 30g for personal use would be allowed. Licensed shops and pharmacies would sell it.
The plan has yet to be approved in parliament - but also receive the green light by the European Commission. Health Minister Karl Lauterbach said the plan could become law in 2024.
The German plan would also allow home cultivation of three cannabis plants per adult.]]>63africa_business_radio,germany,health,news,recreational_cannibiscleanfullhttps://www.spreaker.com/episode/south-africa-reacts-to-terror-threat-warning-by-the-us--51712600The US embassy advised its staff to avoid crowds of people and other large public gatherings in the greater Sandton area of Johannesburg”.
The South African presidency noted the US’s terror alert was part of the US government’s standard communication to its citizens.
The presidency says it was the responsibility of the South African security forces to ensure security and safety for all people in the country.
It says law enforcement agencies were monitoring any threats to the citizens and the nation.]]>https://api.spreaker.com/episode/51712600Fri, 28 Oct 2022 08:22:35 +0000Africa Business RadioSouth Africa has appeared to downplay a warning by the US embassy of a possible threat of a terrorist attack over the weekend in the commercial hub, Johannesburg. The US embassy advised its staff to avoid crowds of people and other large public...The US embassy advised its staff to avoid crowds of people and other large public gatherings in the greater Sandton area of Johannesburg”.
The South African presidency noted the US’s terror alert was part of the US government’s standard communication to its citizens.
The presidency says it was the responsibility of the South African security forces to ensure security and safety for all people in the country.
It says law enforcement agencies were monitoring any threats to the citizens and the nation.]]>70africa_business_radio,news,security_threat,south_africa,u.scleanfullhttps://www.spreaker.com/episode/kenya-s-william-ruto-to-swear-in-new-cabinet--51712601President William Ruto has retained one minister from his predecessor's cabinet as an adviser on national security and introduced the position of a prime cabinet secretary.
Former head of the central bank, Njuguna Ndung’u, will be the new treasury secretary, while former parliament speaker, Justin Muturi, will be the new attorney general.
The president rewarded his political allies with cabinet appointments. The new cabinet's immediate focus will be to tackle the rising cost of living and the food crisis caused by failed rains.]]>https://api.spreaker.com/episode/51712601Fri, 28 Oct 2022 08:19:36 +0000Africa Business RadioKenya's new 22-member cabinet is set to swear a day after they were approved by parliament. President William Ruto has retained one minister from his predecessor's cabinet as an adviser on national security and introduced the position of a prime...President William Ruto has retained one minister from his predecessor's cabinet as an adviser on national security and introduced the position of a prime cabinet secretary.
Former head of the central bank, Njuguna Ndung’u, will be the new treasury secretary, while former parliament speaker, Justin Muturi, will be the new attorney general.
The president rewarded his political allies with cabinet appointments. The new cabinet's immediate focus will be to tackle the rising cost of living and the food crisis caused by failed rains.]]>60africa,africa_business_radio,kenya,news,parliamentcleanfullhttps://www.spreaker.com/episode/ghana-lawmakers-halt-push-for-finance-minister-s-sacking--51712598Ghana is facing its worst economic crisis in years. Its currency has lost 52% of its value against the US dollar since the beginning of the year and annual inflation has climbed to 37%.
The ruling New Patriotic Party said that President Nana Akufo-Addo told them their demands would be acted upon after the 2023 budget reading and culmination of ongoing IMF support talks.
A section of legislators demanded the immediate sacking of the finance minister and his deputy over the state of the economy and the depreciating cedi - the local currency.]]>https://api.spreaker.com/episode/51712598Fri, 28 Oct 2022 08:09:29 +0000Africa Business RadioLawmakers from Ghana's governing party have suspended their push for Finance Minister Ken Ofori-Atta to be removed from office until a relief package is negotiated with the International Monetary Fund. Ghana is facing its worst economic crisis in...Ghana is facing its worst economic crisis in years. Its currency has lost 52% of its value against the US dollar since the beginning of the year and annual inflation has climbed to 37%.
The ruling New Patriotic Party said that President Nana Akufo-Addo told them their demands would be acted upon after the 2023 budget reading and culmination of ongoing IMF support talks.
A section of legislators demanded the immediate sacking of the finance minister and his deputy over the state of the economy and the depreciating cedi - the local currency.]]>77africa,africa_business_radio,ghana,imf,newscleanfullhttps://www.spreaker.com/episode/federal-executive-council-approves-n17bn-for-communications-infrastructure--51712593This will come in the form of a supply of IT communications equipment and furniture for communication centers in the nation’s six geo-political zones by the Ministry of Communications and Digital Economy.
The Minister of Information and Culture, Lai Mohammed added that N660.422 million was also approved for the procurement of operational vehicles for the Federal Road Safety Corps.]]>https://api.spreaker.com/episode/51712593Fri, 28 Oct 2022 08:06:17 +0000Africa Business RadioThe Federal Executive Council has approved the sum of N17.4 billion for the provision of broadband infrastructure for micro, small and medium enterprises as well as tertiary and higher learning institutions across the six geo-political zones. This...This will come in the form of a supply of IT communications equipment and furniture for communication centers in the nation’s six geo-political zones by the Ministry of Communications and Digital Economy.
The Minister of Information and Culture, Lai Mohammed added that N660.422 million was also approved for the procurement of operational vehicles for the Federal Road Safety Corps.]]>77africa_business_radio,broadband,news,nigeria,telecommunicationcleanfullhttps://www.spreaker.com/episode/nigerian-government-ordered-to-return-kanu-to-status-quo-awards-him-n500m-damages--51712596She also ordered the government to pay N500m as damages to him. In Wednesday’s ruling on fundamental human rights and extraordinary rendition of the leader of the proscribed Indigenous Peoples of Biafra.
The Court in its further rulings issued an injunction restraining the Attorney General of the Federation Abubakar Malami from prosecuting Kanu consequent upon his extraordinary rendition.
Kanu had in March this year filed a suit through his special counsel Aloy Ejimakor to enforce his fundamental rights stemming from what Ejimakor had termed his extraordinary rendition from Kenya in June last year.]]>https://api.spreaker.com/episode/51712596Fri, 28 Oct 2022 08:03:30 +0000Africa Business RadioThe Federal High Court presided by Justice Evelyn Anyadike has ordered the Federal Government to restore Nnamdi Kanu to his status quo before 19th June 2021. She also ordered the government to pay N500m as damages to him. In Wednesday’s ruling on...She also ordered the government to pay N500m as damages to him. In Wednesday’s ruling on fundamental human rights and extraordinary rendition of the leader of the proscribed Indigenous Peoples of Biafra.
The Court in its further rulings issued an injunction restraining the Attorney General of the Federation Abubakar Malami from prosecuting Kanu consequent upon his extraordinary rendition.
Kanu had in March this year filed a suit through his special counsel Aloy Ejimakor to enforce his fundamental rights stemming from what Ejimakor had termed his extraordinary rendition from Kenya in June last year.]]>78africa_business_radio,ipob,news,nigeria,nnamdi_kanucleanfullhttps://www.spreaker.com/episode/central-bank-of-nigeria-to-redesign-n200-n500-and-n1-000-notes--51712595CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja. The new design and issues will be effective from December 15, 2022.
The CBN boss says the action was taken in order to take control of the currency in circulation,
Emefiele stated that the apex bank has secured the approval of President Muhammadu Buhari to roll out new notes to replace the existing currency in circulation.]]>https://api.spreaker.com/episode/51712595Fri, 28 Oct 2022 07:58:56 +0000Africa Business RadioThe Central Bank of Nigeria says it will redesign the N200, N500, and N1,000 notes. CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja. The new design and issues will be effective from December 15, 2022. The CBN...CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja. The new design and issues will be effective from December 15, 2022.
The CBN boss says the action was taken in order to take control of the currency in circulation,
Emefiele stated that the apex bank has secured the approval of President Muhammadu Buhari to roll out new notes to replace the existing currency in circulation.]]>62africa_business_radio,apex_bank,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-president-calls-for-continued-trade-with-south-korea--51712608The President noted that Nigeria remains committed to creating a stable and enabling business environment for foreign investors through the formulation of sound economic policies and improved governance, adding that the security forces have been working assiduously with local communities to ensure the security of lives and properties of Nigerians and foreign investors.
Mr. Yoon Suk-Yeol at the Presidential Palace on the sidelines of the First World Bio Summit, the President called for expansion from the long-term gas contract to other areas]]>https://api.spreaker.com/episode/51712608Fri, 28 Oct 2022 07:56:09 +0000Africa Business RadioPresident Muhammadu Buhari, in Seoul, invited top Korean business executives to increase their investments in Nigeria, while his regime would continue to make determined efforts to improve the enabling domestic environment for businesses to flourish....The President noted that Nigeria remains committed to creating a stable and enabling business environment for foreign investors through the formulation of sound economic policies and improved governance, adding that the security forces have been working assiduously with local communities to ensure the security of lives and properties of Nigerians and foreign investors.
Mr. Yoon Suk-Yeol at the Presidential Palace on the sidelines of the First World Bio Summit, the President called for expansion from the long-term gas contract to other areas]]>90africa_business_radio,international_trade,news,nigeria,south_koreacleanfullhttps://www.spreaker.com/episode/rishi-sunak-wins-race-to-become-the-uk-s-new-prime-minister--51692511Sunak’s win came days after Truss’s resignation after her disastrous tax cuts plans and policy U-turns plunged the markets into chaos. The unprecedented economic crisis drew a rare intervention from the Bank of England.
He says the whole list of tax cuts and ideas that frankly, according to Sunak and others, belongs to Disneyland because none of it was going to be really possible without crashing the economy more.]]>https://api.spreaker.com/episode/51692511Wed, 26 Oct 2022 11:40:20 +0000Africa Business RadioRishi Sunak will become the United Kingdom’s new prime minister after winning the ruling Conservative Party’s leadership contest, which was triggered by the resignation of Liz Truss last week. Sunak’s win came days after Truss’s resignation after her...Sunak’s win came days after Truss’s resignation after her disastrous tax cuts plans and policy U-turns plunged the markets into chaos. The unprecedented economic crisis drew a rare intervention from the Bank of England.
He says the whole list of tax cuts and ideas that frankly, according to Sunak and others, belongs to Disneyland because none of it was going to be really possible without crashing the economy more.]]>57africa_business_radio,news,prime_minister,rishi_sunak,u.kcleanfullhttps://www.spreaker.com/episode/west-warns-russia-against-using-dirty-bomb-pretext-in-ukraine--51692522With Ukrainian forces advancing into Russian-occupied Kherson province, top Russian officials phoned their Western counterparts on Sunday and Monday to tell them Moscow suspected Kyiv of planning to use a so-called dirty bomb.
The foreign ministers of France, the United Kingdom, and the United States said they had all rejected the allegations and reaffirmed their support for Ukraine against Russia.
British Chief of Defence Staff Tony Radakin again rejected Russia’s allegations in a call with Russian Chief of General Staff Valery Gerasimov.]]>https://api.spreaker.com/episode/51692522Wed, 26 Oct 2022 11:38:42 +0000Africa Business RadioWestern countries have accused Russia of plotting to use a threat of a dirty bomb laced with nuclear material as a pretext for escalation in Ukraine as Moscow evacuated civilians from a southern city in anticipation of a major battle. With Ukrainian...With Ukrainian forces advancing into Russian-occupied Kherson province, top Russian officials phoned their Western counterparts on Sunday and Monday to tell them Moscow suspected Kyiv of planning to use a so-called dirty bomb.
The foreign ministers of France, the United Kingdom, and the United States said they had all rejected the allegations and reaffirmed their support for Ukraine against Russia.
British Chief of Defence Staff Tony Radakin again rejected Russia’s allegations in a call with Russian Chief of General Staff Valery Gerasimov.]]>68africa_business_radio,dirty_bomb,news,russia,ukraine,western_countriescleanfullhttps://www.spreaker.com/episode/us-charges-alleged-chinese-spies-in-telecoms-probe-case--51692516According to prosecutors, the two men attempted to recruit a US law enforcement official as an intelligence asset to help interfere with the probe.
The official, however, was working as a double agent for the FBI.
Eleven other Chinese citizens were also charged in two other spying cases.]]>https://api.spreaker.com/episode/51692516Wed, 26 Oct 2022 11:37:19 +0000Africa Business RadioTwo Chinese nationals have been charged with paying thousands of dollars in cash and jewelry to obstruct a federal investigation into a major telecommunications company. According to prosecutors, the two men attempted to recruit a US law enforcement...According to prosecutors, the two men attempted to recruit a US law enforcement official as an intelligence asset to help interfere with the probe.
The official, however, was working as a double agent for the FBI.
Eleven other Chinese citizens were also charged in two other spying cases.]]>48africa_business_radio,china,news,telecom_spy,u.scleanfullhttps://www.spreaker.com/episode/sudan-to-investigate-deadly-blue-nile-violence--51692512The killings followed fighting between the Hausa and other local tribes, which escalated last week.
Military spokesperson Col Nabil Abdullah says the committee formed will investigate and evaluate the security situation.
The authorities have also set up a new military command for the Blue Nile state in an effort to contain the ethnic conflict.]]>https://api.spreaker.com/episode/51692512Wed, 26 Oct 2022 11:35:26 +0000Africa Business RadioThe Sudanese military authorities have set up a committee to investigate recent violence in the southern Blue Nile state, where nearly 200 people were killed and thousands displaced. The killings followed fighting between the Hausa and other local...The killings followed fighting between the Hausa and other local tribes, which escalated last week.
Military spokesperson Col Nabil Abdullah says the committee formed will investigate and evaluate the security situation.
The authorities have also set up a new military command for the Blue Nile state in an effort to contain the ethnic conflict.]]>54africa_business_radio,blue_nile,news,sudancleanfullhttps://www.spreaker.com/episode/nigerian-government-orders-final-seizure-of-assets-of-ex-oil-minister--51692513This is the latest court ruling related to corruption allegations against her - charges she denies.
Ms. Alison-Madueke served as Nigeria's petroleum minister between 2010 and 2015 and was a key figure in the administration of former President Goodluck Jonathan.
The assets being seized include houses and cars worth $3m.]]>https://api.spreaker.com/episode/51692513Wed, 26 Oct 2022 11:32:58 +0000Africa Business RadioNigeria's Economic and Financial Crimes Commission says a federal high court has ordered the final seizure of properties owned by former petroleum resources minister Diezani Alison-Madueke. This is the latest court ruling related to corruption...This is the latest court ruling related to corruption allegations against her - charges she denies.
Ms. Alison-Madueke served as Nigeria's petroleum minister between 2010 and 2015 and was a key figure in the administration of former President Goodluck Jonathan.
The assets being seized include houses and cars worth $3m.]]>55africa_business_radio,corruption,diezani_madueke,efcc,fraud,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-external-debt-rises-to-40billion--51692521A breakdown shows that in 2015, 36 states had $3.27bn external debt while the Federal Government had $7.05bn.
The debts included loans from multilateral sources such as the World Bank, the African Development bank, and the International Monetary Fund.
They also included bilateral loans from China, France, Japan, Germany, and India, as well as commercial sources including Eurobonds and Diaspora bonds.
The International Monetary Fund recently said that the long-term rate of the depreciation of the naira equated to a loss of 10.6 percent of its value annually since 1973.]]>https://api.spreaker.com/episode/51692521Wed, 26 Oct 2022 11:30:52 +0000Africa Business RadioNigeria’s total external debt has risen from $10.32bn on June 30, 2015, to $40.06bn as of June 30, 2022. A breakdown shows that in 2015, 36 states had $3.27bn external debt while the Federal Government had $7.05bn. The debts included loans from...A breakdown shows that in 2015, 36 states had $3.27bn external debt while the Federal Government had $7.05bn.
The debts included loans from multilateral sources such as the World Bank, the African Development bank, and the International Monetary Fund.
They also included bilateral loans from China, France, Japan, Germany, and India, as well as commercial sources including Eurobonds and Diaspora bonds.
The International Monetary Fund recently said that the long-term rate of the depreciation of the naira equated to a loss of 10.6 percent of its value annually since 1973.]]>70africa_bsuiness_radio,external_debts,news,nigeria,world_bankcleanfullhttps://www.spreaker.com/episode/nigerian-government-faults-foreign-airlines-over-blocked-funds--51692514The Minister of Aviation, Senator Hadi Sirika, says that Nigeria would fare better if foreign airlines boycott the country, as the government has developed the capacity to face the challenges.
Speaker of the House, Femi Gbajabiamila, had called the roundtable over threats by Emirates Airline and British Airways to suspend their operations in Nigeria.
The Minister says Nigeria under President Buhari has shown the capacity and audacity to stand up in difficult moments to do the right thing to help the country.]]>https://api.spreaker.com/episode/51692514Wed, 26 Oct 2022 11:28:20 +0000Africa Business RadioThe Federal Government has dismissed threats by foreign airlines to suspend operations in Nigeria over their inability to repatriate their blocked forex from the country. The Minister of Aviation, Senator Hadi Sirika, says that Nigeria would fare...The Minister of Aviation, Senator Hadi Sirika, says that Nigeria would fare better if foreign airlines boycott the country, as the government has developed the capacity to face the challenges.
Speaker of the House, Femi Gbajabiamila, had called the roundtable over threats by Emirates Airline and British Airways to suspend their operations in Nigeria.
The Minister says Nigeria under President Buhari has shown the capacity and audacity to stand up in difficult moments to do the right thing to help the country.]]>62africa_business_radio,foreign_airlines,forex,news,nigeriacleanfullhttps://www.spreaker.com/episode/islamic-bank-approves-1-8billion-to-finance-nigerian-projects--51692515The President of the Saudi-based bank, Dr. Mohamed Jasser, says the Islamic Development Bank has approved a total financing of $1.8bn for Nigeria.
This includes $971m in project financing and $288m provided by our private sector affiliate and $477m in trade operation by our trade arm, International Islamic Trade Finance Corporation, and $90m by other Islamic Development Bank Group funds and operations.
Jasser disclosed that the Islamic Development Bank’s portfolio in Nigeria stood at $1.2bn, noting that the bank had completed 35 percent of those projects and looked forward to strengthening the bilateral and regional initiatives with Nigeria.
He says the bank’s portfolio covered 15 states of the federation, commending the Federal Government for its economic diversification initiatives.]]>https://api.spreaker.com/episode/51692515Wed, 26 Oct 2022 11:26:59 +0000Africa Business RadioThe Islamic Development Bank has sanctioned $1.8bn to finance several key projects in the country. The President of the Saudi-based bank, Dr. Mohamed Jasser, says the Islamic Development Bank has approved a total financing of $1.8bn for Nigeria....The President of the Saudi-based bank, Dr. Mohamed Jasser, says the Islamic Development Bank has approved a total financing of $1.8bn for Nigeria.
This includes $971m in project financing and $288m provided by our private sector affiliate and $477m in trade operation by our trade arm, International Islamic Trade Finance Corporation, and $90m by other Islamic Development Bank Group funds and operations.
Jasser disclosed that the Islamic Development Bank’s portfolio in Nigeria stood at $1.2bn, noting that the bank had completed 35 percent of those projects and looked forward to strengthening the bilateral and regional initiatives with Nigeria.
He says the bank’s portfolio covered 15 states of the federation, commending the Federal Government for its economic diversification initiatives.]]>80africa_business_radio,islamic_development,news,nigeriacleanfullhttps://www.spreaker.com/episode/india-fines-google-161m-for-unfair-practices--51670878The country's competition regulator has accused the tech giant of entering into one-sided agreements with smartphone makers to ensure the dominance of its apps.
The Competition Commission of India says that Google was abusing the licensing of its Android operating system for a range of smartphones, web searches, browsing, and video hosting services.
It says that Google was entering into forced agreements with players in the space to ensure that its bouquet of apps - such as Google Chrome, YouTube, Google Maps, and others - were used.]]>https://api.spreaker.com/episode/51670878Mon, 24 Oct 2022 15:01:39 +0000Africa Business RadioIndian authorities have fined Google 13bn rupees for using its Android platform to dominate the market. The country's competition regulator has accused the tech giant of entering into one-sided agreements with smartphone makers to ensure the...The country's competition regulator has accused the tech giant of entering into one-sided agreements with smartphone makers to ensure the dominance of its apps.
The Competition Commission of India says that Google was abusing the licensing of its Android operating system for a range of smartphones, web searches, browsing, and video hosting services.
It says that Google was entering into forced agreements with players in the space to ensure that its bouquet of apps - such as Google Chrome, YouTube, Google Maps, and others - were used.]]>58africa_business_radio,android,apple,google,india,newscleanfullhttps://www.spreaker.com/episode/rishi-sunak-enters-race-to-replace-liz-truss-as-uk-prime-minister--51670876Truss became the shortest-serving prime minister in the UK’s history after she resigned on Thursday following her disastrous tax cuts plans and policy U-turns plunged the markets into chaos, with the pound plunging to its lowest value.
The unprecedented economic crisis drew a rare intervention from the Bank of England.
The market turmoil forced Truss to sack her then-Chancellor of the Exchequer Kwasi Kwarteng and replace him with Jeremy Hunt who swiftly scrapped all of Kwarteng’s economic agenda.]]>https://api.spreaker.com/episode/51670876Mon, 24 Oct 2022 14:59:53 +0000Africa Business RadioRishi Sunak has confirmed he will join the contest to replace Liz Truss as British prime minister and Conservative Party leader after economic turmoil forced Truss to resign after serving just 44 days in office. Truss became the shortest-serving...Truss became the shortest-serving prime minister in the UK’s history after she resigned on Thursday following her disastrous tax cuts plans and policy U-turns plunged the markets into chaos, with the pound plunging to its lowest value.
The unprecedented economic crisis drew a rare intervention from the Bank of England.
The market turmoil forced Truss to sack her then-Chancellor of the Exchequer Kwasi Kwarteng and replace him with Jeremy Hunt who swiftly scrapped all of Kwarteng’s economic agenda.]]>64africa_business_radio,news,prime_minster,u.kcleanfullhttps://www.spreaker.com/episode/boris-johnson-drops-out-of-uk-prime-minister-race--51670874The surprise decision, which the ex-leader says he had reached reluctantly after recognizing he would not lead a united party in parliament, removes a major obstacle to his political foe, former finance minister Rishi Sunak, becoming prime minister.
Johnson says he had reached out to both Sunak and cabinet member Penny Mordaunt to come together in the national interest.]]>https://api.spreaker.com/episode/51670874Mon, 24 Oct 2022 14:57:26 +0000Africa Business RadioBritain’s Boris Johnson dramatically ended an audacious bid to return to power within weeks of having been ousted, announcing he would not run to replace outgoing leader Liz Truss. The surprise decision, which the ex-leader says he had reached...The surprise decision, which the ex-leader says he had reached reluctantly after recognizing he would not lead a united party in parliament, removes a major obstacle to his political foe, former finance minister Rishi Sunak, becoming prime minister.
Johnson says he had reached out to both Sunak and cabinet member Penny Mordaunt to come together in the national interest.]]>56africa_business_radio,boris_johnson,britain,liz_truss,news,u.kcleanfullhttps://www.spreaker.com/episode/the-united-arab-emirates-imposes-visa-ban-on-african-nations--51670872Other countries affected by the visa ban include Ghana, Sierra Leone, Sudan, Cameroon, Nigeria, Liberia, Burundi, Republic of Guinea, Gambia, Togo, Democratic Republic of Congo, Senegal, Benin, Ivory Coast, Congo, Rwanda, Burkina Faso, Guinea Bissau, Comoros, and the Dominican Republic.
In a notice issued to trade partners including travel agents, authorities indicated that all applications should be rejected.
The development is the latest development in efforts by UAE while tighten the noose for foreigners into the country.]]>https://api.spreaker.com/episode/51670872Mon, 24 Oct 2022 14:55:36 +0000Africa Business RadioAuthorities in the United Arab Emirates have announced a visa ban slapped on Ugandans and 20 other nationalities seeking to visit Dubai with immediate effect. Other countries affected by the visa ban include Ghana, Sierra Leone, Sudan, Cameroon,...Other countries affected by the visa ban include Ghana, Sierra Leone, Sudan, Cameroon, Nigeria, Liberia, Burundi, Republic of Guinea, Gambia, Togo, Democratic Republic of Congo, Senegal, Benin, Ivory Coast, Congo, Rwanda, Burkina Faso, Guinea Bissau, Comoros, and the Dominican Republic.
In a notice issued to trade partners including travel agents, authorities indicated that all applications should be rejected.
The development is the latest development in efforts by UAE while tighten the noose for foreigners into the country.]]>69africa,africa_business_radio,news,nigeria,united_arad_emirate,visa_bancleanfullhttps://www.spreaker.com/episode/kenyan-president-to-curb-debt-appetite-by-expanding-tax-base--51670873The Head of State stated that will be the viable solution to steer development in the country without huge reliance on foreign debts.
President Ruto mentioned that his regime is working to solve the huge debt crisis due to the ballooning debt in the country which now stands at Sh8.2 trillion.
He revealed that the government is focused on financing development projects using taxes pointing out that the government is currently paying more than Sh1 trillion to service the huge loans currently.]]>https://api.spreaker.com/episode/51670873Mon, 24 Oct 2022 14:53:21 +0000Africa Business RadioPresident William Ruto has urged Kenyans to pay taxes to enable the government to fulfill its mandate for Kenya to be an independent nation. The Head of State stated that will be the viable solution to steer development in the country without huge...The Head of State stated that will be the viable solution to steer development in the country without huge reliance on foreign debts.
President Ruto mentioned that his regime is working to solve the huge debt crisis due to the ballooning debt in the country which now stands at Sh8.2 trillion.
He revealed that the government is focused on financing development projects using taxes pointing out that the government is currently paying more than Sh1 trillion to service the huge loans currently.]]>58africa,africa_business_radio,debt_appetite,foreign_debt,kenya,news,tax_basecleanfullhttps://www.spreaker.com/episode/uganda-tanzania-oil-pipeline-sparks-climate-row--51670875The two East African countries say their priority is economic development.
Some of the inhabitants of the Chongoleani peninsula, some 18km north of Tanzania's port city of Tanga, sold their land for compensation two years ago, after the government signed a deal to construct a pipeline to transport crude oil from the shores of Lake Albert in western Uganda]]>https://api.spreaker.com/episode/51670875Mon, 24 Oct 2022 14:51:03 +0000Africa Business RadioUganda and Tanzania are set to begin work on a massive crude oil pipeline a year after the International Energy Agency warned that the world risked not meeting its climate goals if new fossil fuel projects were not stopped. The two East African...The two East African countries say their priority is economic development.
Some of the inhabitants of the Chongoleani peninsula, some 18km north of Tanzania's port city of Tanga, sold their land for compensation two years ago, after the government signed a deal to construct a pipeline to transport crude oil from the shores of Lake Albert in western Uganda]]>56africa_business_radio,climate_change,news,nigeria,tanzaniacleanfullhttps://www.spreaker.com/episode/kenya-begins-trials-of-killer-police-squad--51670877They were part of an elite squad that was disbanded by President William Ruto for allegedly carrying out extrajudicial killings and disappearances of suspects over several years.
Human Rights groups say their independent investigations have linked the squad and other police units to the death of more than 600 people over the past four years.
Some of the bodies were later recovered in rivers in western and northern Kenya.]]>https://api.spreaker.com/episode/51670877Mon, 24 Oct 2022 14:49:52 +0000Africa Business RadioFour Kenyan policemen accused of being behind a spate of murders, abductions, and torture across the country are set to go on trial on Monday in the capital, Nairobi. They were part of an elite squad that was disbanded by President William Ruto for...They were part of an elite squad that was disbanded by President William Ruto for allegedly carrying out extrajudicial killings and disappearances of suspects over several years.
Human Rights groups say their independent investigations have linked the squad and other police units to the death of more than 600 people over the past four years.
Some of the bodies were later recovered in rivers in western and northern Kenya.]]>56africa,africa_business_radio,kenya,killer_police,newscleanfullhttps://www.spreaker.com/episode/south-african-president-outlines-steps-to-tackle-state-capture--51670871The six-part report sought to uncover corruption, fraud, and the weakening of state institutions under the administration of former president Jacob Zuma.
President Ramaphosa accepted the findings by the commission of inquiry led by Judge Raymond Zondo that state capture did happen.
He announced that the commission made over 300 recommendations, some of which the government was responding to ranging from criminal prosecutions of accused persons, legislative changes, as well the establishment of an anti-corruption commission.
Mr. Ramaphosa says the stolen money robbed South Africans of their future.]]>https://api.spreaker.com/episode/51670871Mon, 24 Oct 2022 14:48:05 +0000Africa Business RadioSouth African President Cyril Ramaphosa has addressed the nation detailing the steps his government will be taking in implementing a commission's report on state capture. The six-part report sought to uncover corruption, fraud, and the weakening of...The six-part report sought to uncover corruption, fraud, and the weakening of state institutions under the administration of former president Jacob Zuma.
President Ramaphosa accepted the findings by the commission of inquiry led by Judge Raymond Zondo that state capture did happen.
He announced that the commission made over 300 recommendations, some of which the government was responding to ranging from criminal prosecutions of accused persons, legislative changes, as well the establishment of an anti-corruption commission.
Mr. Ramaphosa says the stolen money robbed South Africans of their future.]]>66africa,africa_business_radio,corruption,fraud,news,south_africa,state_capturecleanfullhttps://www.spreaker.com/episode/nigerian-government-s-earnings-from-spectrum-sales-rise-to-1-09billion--51670880The NCC revealed in a new Information Memorandum on the 3.5 GHz Spectrum Auction that it has set the reserve price for two more 5G spectrum licenses at $273.60m a piece.
It says the reserve price is the minimum price for one Lot of 100MHz TDD for a 10-year license tenure fixed at $273.60m or its equivalent in Naira at the prevailing Central Bank of Nigeria rates at the time of the auction.
The final cost of the available spectrum is expected to rise during the actual auction. The NCC set the reserve price for the 5G licenses that MTN and Mafab won at $197.4m, but they eventually paid $273.60m each for their licenses.]]>https://api.spreaker.com/episode/51670880Mon, 24 Oct 2022 14:45:26 +0000Africa Business RadioThe Federal Government through the Nigerian Communications Commission is set to make at least $1.09bn from the sale of four 5G spectrums. The NCC revealed in a new Information Memorandum on the 3.5 GHz Spectrum Auction that it has set the reserve...The NCC revealed in a new Information Memorandum on the 3.5 GHz Spectrum Auction that it has set the reserve price for two more 5G spectrum licenses at $273.60m a piece.
It says the reserve price is the minimum price for one Lot of 100MHz TDD for a 10-year license tenure fixed at $273.60m or its equivalent in Naira at the prevailing Central Bank of Nigeria rates at the time of the auction.
The final cost of the available spectrum is expected to rise during the actual auction. The NCC set the reserve price for the 5G licenses that MTN and Mafab won at $197.4m, but they eventually paid $273.60m each for their licenses.]]>785g_spectrum,africa_business_radio,communication,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-steps-up-oil-theft-probe--51670879It says the oil company was also working with security agencies and the private firm contracted to carry out pipeline surveillance in the oil-rich region.
The former leader of the militant group, Movement for the Emancipation of Niger Delta, told journalists recently in Delta State that a 4km illegal oil pipeline was discovered in the Forcados area of the state.
The Group General Manager, Group Public Affairs Division, NNPC Limited, Garba-Deen Muhammad, said culprits would be prosecuted.]]>https://api.spreaker.com/episode/51670879Mon, 24 Oct 2022 14:40:09 +0000Africa Business RadioThe Nigerian National Petroleum Company Limited says the Federal Government has stepped up its probe into the massive crude oil theft in the Niger Delta, as all those found guilty are going to face prosecution. It says the oil company was also working...It says the oil company was also working with security agencies and the private firm contracted to carry out pipeline surveillance in the oil-rich region.
The former leader of the militant group, Movement for the Emancipation of Niger Delta, told journalists recently in Delta State that a 4km illegal oil pipeline was discovered in the Forcados area of the state.
The Group General Manager, Group Public Affairs Division, NNPC Limited, Garba-Deen Muhammad, said culprits would be prosecuted.]]>62africa_business_radio,news,nigeria,oil_theft,petroleumcleanfullhttps://www.spreaker.com/episode/pound-rises-as-liz-truss-announces-resignation--51641922One analyst says the reaction suggested investors were "relieved" by the news, despite a lot of uncertainty remaining.
Business groups said the new prime minister would have to act quickly to restore confidence.
Government borrowing costs rose sharply last month after the government promised huge tax cuts in its mini-budget without saying how it would pay for them.
Mr. Hunt is due to announce plans for spending and tax on 31 October in his economic plan, which the Treasury confirmed was set to go ahead.]]>https://api.spreaker.com/episode/51641922Fri, 21 Oct 2022 08:04:31 +0000Africa Business RadioThe pound rose against the dollar and government borrowing costs dipped as investors reacted to Prime Minister Liz Truss's resignation. One analyst says the reaction suggested investors were "relieved" by the news, despite a lot of uncertainty...One analyst says the reaction suggested investors were "relieved" by the news, despite a lot of uncertainty remaining.
Business groups said the new prime minister would have to act quickly to restore confidence.
Government borrowing costs rose sharply last month after the government promised huge tax cuts in its mini-budget without saying how it would pay for them.
Mr. Hunt is due to announce plans for spending and tax on 31 October in his economic plan, which the Treasury confirmed was set to go ahead.]]>74africa_business_radio,news,pound,u.kcleanfullhttps://www.spreaker.com/episode/tesla-sales-climb-but-miss-expectations--51641933Tesla in a financial update for investors says while the problems have improved in recent months, they remain immediate challenges, Revenue was lower than expected in the three months ending in September, as car sales fell short of expectations.
But at $21.45bn (£19.12bn), it remained more than 50% higher than a year ago.]]>https://api.spreaker.com/episode/51641933Fri, 21 Oct 2022 08:02:48 +0000Africa Business RadioSupply shortages, logistics bottlenecks, and rising costs are hitting Tesla as it rapidly ramps up the production of its electric cars. Tesla in a financial update for investors says while the problems have improved in recent months, they remain...Tesla in a financial update for investors says while the problems have improved in recent months, they remain immediate challenges, Revenue was lower than expected in the three months ending in September, as car sales fell short of expectations.
But at $21.45bn (£19.12bn), it remained more than 50% higher than a year ago.]]>59africa_business_radio,elon_musk,news,teslacleanfullhttps://www.spreaker.com/episode/uk-prime-minister-truss-resigns--51641925Truss, who spend 45 days in office, said she would step down after a week-long emergency contest to find her successor She announced her decision to step down on Thursday outside Downing Street.
The embattled British PM had earlier acknowledged a difficult day after a key minister resigned and MPs rebelled.
More than a dozen Conservative MPs have publicly urged Truss to resign just six weeks into office after her tax-cutting plans caused a market meltdown during an already severe cost-of-living crisis.]]>https://api.spreaker.com/episode/51641925Fri, 21 Oct 2022 08:01:03 +0000Africa Business RadioThe United Kingdom Prime Minister, Liz Truss reportedly stepped down from her role. Her resignation was coming barely two months after coming into office. Truss, who spend 45 days in office, said she would step down after a week-long emergency...Truss, who spend 45 days in office, said she would step down after a week-long emergency contest to find her successor She announced her decision to step down on Thursday outside Downing Street.
The embattled British PM had earlier acknowledged a difficult day after a key minister resigned and MPs rebelled.
More than a dozen Conservative MPs have publicly urged Truss to resign just six weeks into office after her tax-cutting plans caused a market meltdown during an already severe cost-of-living crisis.]]>81africa_business_radio,inflation,news,united_kingdomcleanfullhttps://www.spreaker.com/episode/african-union-sets-new-date-for-peace-talks-in-ethiopian-conflict--51641932Mr. Hussien says the talks with the Tigray People's Liberation Front will now be held on 24 October and confirmed the government's participation.
The TPLF has not commented on the new date but had previously welcomed peace talks with the government.
Fighting continues in the two-year-long civil war with government soldiers this week seizing three towns in the northern Tigray region from the rebels]]>https://api.spreaker.com/episode/51641932Fri, 21 Oct 2022 07:59:48 +0000Africa Business RadioThe Ethiopian prime minister's national security adviser, Redwan Hussien The African Union has announced a new date for peace talks between Ethiopia’s warring factions that will be held in South Africa. Mr. Hussien says the talks with the Tigray...Mr. Hussien says the talks with the Tigray People's Liberation Front will now be held on 24 October and confirmed the government's participation.
The TPLF has not commented on the new date but had previously welcomed peace talks with the government.
Fighting continues in the two-year-long civil war with government soldiers this week seizing three towns in the northern Tigray region from the rebels]]>61africa_business_radio,a.u,ethiopia,news,peace_talk,south_africa,tigraycleanfullhttps://www.spreaker.com/episode/madagascar-minister-sacked-for-condemning-russia-at-un--51641924State TV channel TVM reports that Richard Randriamandrato pressed ahead with the vote without talking to the rest of the government.
There were 142 other countries that also voted in favour of the resolution to condemn Russia over the referendums which were viewed as a sham by much of the international community.
Until now Madagascar has taken a neutral position on the Ukraine war, as have several other African countries.]]>https://api.spreaker.com/episode/51641924Fri, 21 Oct 2022 07:57:48 +0000Africa Business RadioMadagascar's president has sacked the country's foreign minister because he voted in favor of a UN resolution condemning Russian referendums to annex parts of Ukraine's territory State TV channel TVM reports that Richard Randriamandrato pressed ahead...State TV channel TVM reports that Richard Randriamandrato pressed ahead with the vote without talking to the rest of the government.
There were 142 other countries that also voted in favour of the resolution to condemn Russia over the referendums which were viewed as a sham by much of the international community.
Until now Madagascar has taken a neutral position on the Ukraine war, as have several other African countries.]]>65africa,africa_business_radio,madagascar,news,russia,united_nationcleanfullhttps://www.spreaker.com/episode/african-union-commission-head-condemns-chad-clashes--51641927The AU's chair of the commission, Mr. Mahamat called on the parties to respect human lives and property and to favor peaceful ways to overcome the crisis. People are demonstrating against Chad's transitional military government and calling for a return to civilian rule.]]>https://api.spreaker.com/episode/51641927Fri, 21 Oct 2022 07:56:27 +0000Africa Business RadioThe head of the African Union, Moussa Faki Mahamat, has condemned violent clashes which have erupted in Chad between police and protesters in the capital city, as we reported earlier. The AU's chair of the commission, Mr. Mahamat called on the...The AU's chair of the commission, Mr. Mahamat called on the parties to respect human lives and property and to favor peaceful ways to overcome the crisis. People are demonstrating against Chad's transitional military government and calling for a return to civilian rule.]]>60africa_business_radio,african_union,chad,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-asks-telcos-to-reverse-call-data-costs--51641929This decision means that telcos like MTN Nigeria and Airtel, who had initially increased the prices of their data bundles by about 10 percent, will now need to revert to their old prices.
The Nigerian Communications Commission stated that its decision to allow telcos such as MTN Nigeria and Airtel to review the prices of some of their tariffs was taken after it critically and realistically reviewed and analyzed the operational environment and the current business climate in the nation.
The NCC says that even though the tariff adjustment was provisionally approved by its Management, its Board has now overturned it.]]>https://api.spreaker.com/episode/51641929Fri, 21 Oct 2022 07:54:39 +0000Africa Business RadioThe Federal Government has asked telecommunication companies to reverse their recent 10 percent hike in calls and data prices. This decision means that telcos like MTN Nigeria and Airtel, who had initially increased the prices of their data bundles...This decision means that telcos like MTN Nigeria and Airtel, who had initially increased the prices of their data bundles by about 10 percent, will now need to revert to their old prices.
The Nigerian Communications Commission stated that its decision to allow telcos such as MTN Nigeria and Airtel to review the prices of some of their tariffs was taken after it critically and realistically reviewed and analyzed the operational environment and the current business climate in the nation.
The NCC says that even though the tariff adjustment was provisionally approved by its Management, its Board has now overturned it.]]>65africa_business_radio,airtel,mtn,news,nigeria,telecommunicationcleanfullhttps://www.spreaker.com/episode/nigerian-government-absolves-cameroon-of-flood-disaster--51641928The minister attributed the flood to water flowing from tributaries of the River Benue like the River Katsina-Ala and others into the River Benue due to downpours.
Senator Adamu Aliero raised the issue of floods in the country during the ministry’s budget defense and what efforts the ministry was making about it set the stage for the disagreement mistake]]>https://api.spreaker.com/episode/51641928Fri, 21 Oct 2022 07:44:21 +0000Africa Business RadioThe Federal Government, through the Minister of Water Resources, Mr. Suleiman Adamu, says that the Lagdo Dam in Cameroon was not responsible for the flooding that has devastated parts of Nigeria. The minister attributed the flood to water flowing...The minister attributed the flood to water flowing from tributaries of the River Benue like the River Katsina-Ala and others into the River Benue due to downpours.
Senator Adamu Aliero raised the issue of floods in the country during the ministry’s budget defense and what efforts the ministry was making about it set the stage for the disagreement mistake]]>69africa_business_radio,cameroon,flood_disaster,news,nigeriacleanfullhttps://www.spreaker.com/episode/africa-demands-fairness-in-global-energy-transition--51641921He, however, noted that the transition has to be fair and sensitive to the peculiarities and priorities of Africa
He noted that to ensure a global energy transition that is favorable to us, African nations need to engage more critically and vocally on this matter.]]>https://api.spreaker.com/episode/51641921Fri, 21 Oct 2022 07:36:47 +0000Africa Business RadioThe Vice President, Professor Yemi Osinbajo, has described the global energy transition as an opportunity for the preservation of the earth and a vehicle for unlocking the development potential and livelihoods of millions of people, especially those...He, however, noted that the transition has to be fair and sensitive to the peculiarities and priorities of Africa
He noted that to ensure a global energy transition that is favorable to us, African nations need to engage more critically and vocally on this matter.]]>77africa,africa_business_radio,energy_transition,news,nigeriacleanfullhttps://www.spreaker.com/episode/the-us-pledges-1m-for-nigeria-s-flood-ravaged-areas--51641923The support which will come through the U.S. Agency for International Development, provides emergency shelter assistance, relief commodities, and hygiene kits to promote safe and healthy practices amid the ongoing cholera outbreak, and multipurpose cash assistance for people impacted by the devastating floods.
The U.S ambassador to Nigeria, Mary Leonard, stated the country regrets the effects of the unusual rainfall and will not renege on its obligation of providing humanitarian assistance across flood-ravaged areas.]]>https://api.spreaker.com/episode/51641923Fri, 21 Oct 2022 07:34:14 +0000Africa Business RadioThe United States has pledged $1 million in immediate humanitarian assistance to support the people affected by unprecedented flooding in Nigeria. The support which will come through the U.S. Agency for International Development, provides emergency...The support which will come through the U.S. Agency for International Development, provides emergency shelter assistance, relief commodities, and hygiene kits to promote safe and healthy practices amid the ongoing cholera outbreak, and multipurpose cash assistance for people impacted by the devastating floods.
The U.S ambassador to Nigeria, Mary Leonard, stated the country regrets the effects of the unusual rainfall and will not renege on its obligation of providing humanitarian assistance across flood-ravaged areas.]]>70africa_business_radio,flood_disaster,news,nigeria,u.scleanfullhttps://www.spreaker.com/episode/australia-reverses-recognition-of-west-jerusalem-as-israel-s-capital--51621040Foreign Minister Penny Wong says the Government has reaffirmed Australia’s previous and longstanding position that Jerusalem is a final status issue that should be resolved as part of any peace negotiations between Israel and the Palestinian people.
Wong reiterated that Australia’s embassy would remain in Tel Aviv and that Canberra was committed to a two-state solution in which Israel and a future Palestinian state coexist, in peace and security, within internationally recognised borders.]]>https://api.spreaker.com/episode/51621040Wed, 19 Oct 2022 14:11:54 +0000Africa Business RadioAustralia says it will no longer recognise West Jerusalem as the capital of Israel, reversing a decision taken by the government of former Prime Minister Scott Morrison in 2018. Foreign Minister Penny Wong says the Government has reaffirmed...Foreign Minister Penny Wong says the Government has reaffirmed Australia’s previous and longstanding position that Jerusalem is a final status issue that should be resolved as part of any peace negotiations between Israel and the Palestinian people.
Wong reiterated that Australia’s embassy would remain in Tel Aviv and that Canberra was committed to a two-state solution in which Israel and a future Palestinian state coexist, in peace and security, within internationally recognised borders.]]>59africa_business_radio,australia,isreal,newscleanfullhttps://www.spreaker.com/episode/beijing-delays-key-economic-figures-as-leaders-meet-at-china-congress--51621031President Xi Jinping is expected to be confirmed for a historic third term at this week's party congress in Beijing.
The decision has been described as very rare by experts and is seen by some as a sign of further weakness in the world's second-largest economy.
Zhao Chenxin, deputy head of China's National Development and Reform Commission, however, says that the country's economy had picked up significantly in the third quarter.]]>https://api.spreaker.com/episode/51621031Wed, 19 Oct 2022 14:10:36 +0000Africa Business RadioChina has delayed the release of its latest economic growth figures, which were due to be published as the Communist Party's leadership gathers. President Xi Jinping is expected to be confirmed for a historic third term at this week's party congress...President Xi Jinping is expected to be confirmed for a historic third term at this week's party congress in Beijing.
The decision has been described as very rare by experts and is seen by some as a sign of further weakness in the world's second-largest economy.
Zhao Chenxin, deputy head of China's National Development and Reform Commission, however, says that the country's economy had picked up significantly in the third quarter.]]>52africa_business_radio,china,economy,newscleanfullhttps://www.spreaker.com/episode/france-braces-for-nationwide-strike-amid-fuel-shortage-tensions--51621036Leading unions have called for strikes in their biggest challenge yet to President Emmanuel Macron since he won a new presidential term in May.
The move comes after workers at several refineries and depots operated by energy giant TotalEnergies voted to extend their strike action, defying the government which has begun to force staff back on the job.
Motorists scrambled to fill tanks as the fuel strike, which has lasted for nearly three weeks, cripples supplies at just over 30 per cent of France’s service stations.
The government, increasingly impatient with the striking workers, said it was forcing key staff back to work.]]>https://api.spreaker.com/episode/51621036Wed, 19 Oct 2022 14:07:39 +0000Africa Business RadioFrance braced for nationwide transport strike action as the government and unions remained in deadlock over walkouts at oil depots that have sparked fuel shortages. Leading unions have called for strikes in their biggest challenge yet to President...Leading unions have called for strikes in their biggest challenge yet to President Emmanuel Macron since he won a new presidential term in May.
The move comes after workers at several refineries and depots operated by energy giant TotalEnergies voted to extend their strike action, defying the government which has begun to force staff back on the job.
Motorists scrambled to fill tanks as the fuel strike, which has lasted for nearly three weeks, cripples supplies at just over 30 per cent of France’s service stations.
The government, increasingly impatient with the striking workers, said it was forcing key staff back to work.]]>65africa_business_radio,france,industrial_action,newscleanfullhttps://www.spreaker.com/episode/human-rights-defenders-fight-new-uganda-social-media-law--51621030President Yoweri Museveni signed into law the Computer Misuse Amendment Act last week, but the head of Alternative DigiTalk says the law is illegal, unconstitutional and violates fundamental human rights.
Rights group Amnesty International has said the law is designed to deliberately target critics of the government and will be used to silence dissent and prevent people from speaking out.
The supporters of the new law however say it will help to stop online abuse and protect the right to privacy.]]>https://api.spreaker.com/episode/51621030Wed, 19 Oct 2022 14:04:06 +0000Africa Business RadioAn online media company and 12 other activists have filed a legal challenge against a new Ugandan law, which punishes anybody who shares unsolicited or misleading information on social media with a hefty fine, jail time and barring from public office....President Yoweri Museveni signed into law the Computer Misuse Amendment Act last week, but the head of Alternative DigiTalk says the law is illegal, unconstitutional and violates fundamental human rights.
Rights group Amnesty International has said the law is designed to deliberately target critics of the government and will be used to silence dissent and prevent people from speaking out.
The supporters of the new law however say it will help to stop online abuse and protect the right to privacy.]]>66africa,africa_business_radio,news,social_media_law,ugandacleanfullhttps://www.spreaker.com/episode/us-blacklists-alleged-funders-of-somali-militants--51621034Washington says they are part of a network that has engaged in smuggling weapons from local and foreign sources.
This comes a day after the Somali authorities warned businesses in the capital, Mogadishu, against paying taxes to the al-Qaeda affiliate.
Al-Shabab frequently extorts businesses in Mogadishu raising tens of millions of dollars for their militant activities in Somalia and neighbouring countries.
President Hassan Sheikh Mohamud has declared an all-out war against al Shabab and sought international support to defeat the militants.]]>https://api.spreaker.com/episode/51621034Wed, 19 Oct 2022 14:02:05 +0000Africa Business RadioThe US has blacklisted several individuals in Somalia accused of giving the Islamist al-Shabab group financial and other material assistance. Washington says they are part of a network that has engaged in smuggling weapons from local and foreign...Washington says they are part of a network that has engaged in smuggling weapons from local and foreign sources.
This comes a day after the Somali authorities warned businesses in the capital, Mogadishu, against paying taxes to the al-Qaeda affiliate.
Al-Shabab frequently extorts businesses in Mogadishu raising tens of millions of dollars for their militant activities in Somalia and neighbouring countries.
President Hassan Sheikh Mohamud has declared an all-out war against al Shabab and sought international support to defeat the militants.]]>59africa_business_radio,militant,news,somalia,u.scleanfullhttps://www.spreaker.com/episode/south-african-president-scraps-free-basic-amenities-for-ministers--51621032The benefits caused a public outcry as they were considered insensitive at a time South Africans are struggling with daily power cuts and rising costs of living.
A spokesman says the president acknowledges and appreciates the public sentiments on the matter.
He says the intention was to try and find some form of balance between what ministers could afford versus some of the costs that they have.]]>https://api.spreaker.com/episode/51621032Wed, 19 Oct 2022 14:00:15 +0000Africa Business RadioSouth Africa's President Cyril Ramaphosa has withdrawn controversial perks for cabinet ministers and their deputies that saw their homes supplied with free electricity and water. The benefits caused a public outcry as they were considered...The benefits caused a public outcry as they were considered insensitive at a time South Africans are struggling with daily power cuts and rising costs of living.
A spokesman says the president acknowledges and appreciates the public sentiments on the matter.
He says the intention was to try and find some form of balance between what ministers could afford versus some of the costs that they have.]]>53africa,africa_business_radio,news,south_africacleanfullhttps://www.spreaker.com/episode/uganda-to-seek-france-s-help-in-dr-congo-crisis--51621035President Museveni says he would like really to sit down with Mr Macron and talk strategically.
DR Congo is battling rebel activity in large swathes of its eastern region. One of the main armed groups there, the M23, has recently made gains against the army to occupy a strategic border town and areas around it in North Kivu province.]]>https://api.spreaker.com/episode/51621035Wed, 19 Oct 2022 13:58:15 +0000Africa Business RadioUganda's President Yoweri Museveni says he plans to invite French President Emmanuel Macron for talks on how to resolve the conflict in the neighbouring Democratic Republic of Congo. President Museveni says he would like really to sit down with Mr...President Museveni says he would like really to sit down with Mr Macron and talk strategically.
DR Congo is battling rebel activity in large swathes of its eastern region. One of the main armed groups there, the M23, has recently made gains against the army to occupy a strategic border town and areas around it in North Kivu province.]]>53africa,africa_business_radio,congo,france,m23,ugandacleanfullhttps://www.spreaker.com/episode/nigeria-s-25-000-megawatts-electricity-plan-still-on-course--51621029He says the plan, through the partnership between the Federal Government of Nigeria and German Siemens, is on course as the first batch of the transformers has arrived in Nigeria already.
He says they are also executing a number of critical projects through the Transmission Rehabilitation and Expansion Programme, which will result in achieving the national goal of improved power supply by 2025.]]>https://api.spreaker.com/episode/51621029Wed, 19 Oct 2022 13:56:47 +0000Africa Business RadioPresident Muhammadu Buhari has reiterated that the goal to increase electricity generation to 25,000 Megawatts in six years is on course. He says the plan, through the partnership between the Federal Government of Nigeria and German Siemens, is on...He says the plan, through the partnership between the Federal Government of Nigeria and German Siemens, is on course as the first batch of the transformers has arrived in Nigeria already.
He says they are also executing a number of critical projects through the Transmission Rehabilitation and Expansion Programme, which will result in achieving the national goal of improved power supply by 2025.]]>52africa_business_radio,german_siemens,news,nigeria,power_generationcleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-seek-end-to-crisis-of-foreign-airlines-trapped-funds--51621033The AON made a strong case for the protection of the interests of Nigerian airlines in foreign countries, especially the issue of reciprocity in the number of flight slots allocated to Nigerian operators in other countries, compared to the high number of foreign airlines enjoy in Nigeria.
The meeting also discussed the disparity in ticket prices charged by the foreign airlines in Nigeria and other countries, with Nigerians paying higher even when the distance between Nigeria and the foreign country of destination is shorter when compared to the distance from other African countries.]]>https://api.spreaker.com/episode/51621033Wed, 19 Oct 2022 13:54:51 +0000Africa Business RadioThe leadership of the House of Representatives intervened in the ongoing dispute between Nigeria and foreign airlines over the controversial trapped funds belonging to the airlines. The AON made a strong case for the protection of the interests of...The AON made a strong case for the protection of the interests of Nigerian airlines in foreign countries, especially the issue of reciprocity in the number of flight slots allocated to Nigerian operators in other countries, compared to the high number of foreign airlines enjoy in Nigeria.
The meeting also discussed the disparity in ticket prices charged by the foreign airlines in Nigeria and other countries, with Nigerians paying higher even when the distance between Nigeria and the foreign country of destination is shorter when compared to the distance from other African countries.]]>63africa_business_radio,foreign_airlines,lawmakers,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-inflation-hits-20-77-percent-highest-since-2005--51621028The National Bureau of Statistics says inflation rose to 20.77 per cent in September from 20.52 per cent recorded in August, the highest since 2005.
Food inflation rose 23.34 per cent year-on-year compared with 23.1 per cent in August, while core inflation increased to 17.6 per cent in September from 17.2 per cent in August.]]>https://api.spreaker.com/episode/51621028Wed, 19 Oct 2022 13:53:08 +0000Africa Business RadioNigeria’s inflation rate has surged for the eighth consecutive month, hitting a fresh 17-year-high amid rising food and energy costs, and the continued depreciation of the naira. The National Bureau of Statistics says inflation rose to 20.77 per...The National Bureau of Statistics says inflation rose to 20.77 per cent in September from 20.52 per cent recorded in August, the highest since 2005.
Food inflation rose 23.34 per cent year-on-year compared with 23.1 per cent in August, while core inflation increased to 17.6 per cent in September from 17.2 per cent in August.]]>54africa_business_radio,inflation_rate,news,nigeriacleanfullhttps://www.spreaker.com/episode/bank-of-industry-plans-1bn-facility-to-support-msmes--51597068The Managing Director/Chief Executive Officer of the bank, Mr. Olukayode Pitan, described the theme as apt, considering the pivotal role SMEs play as the engine room of the global economy.
He noted that the bank remained committed to supporting the funding needs of its customers and assured them of sustained intervention with the successful completion of the €1bn guaranteed facility.
He explained that the facility, like previous ones, would be utilized to provide the much-needed medium to long-term Nigerian MSMEs and large enterprises with transactions at affordable naira interest rates.]]>https://api.spreaker.com/episode/51597068Mon, 17 Oct 2022 14:28:06 +0000Africa Business RadioThe Bank of Industry has assured its customers in the Micro, Small, and Medium Enterprises segment of the economy of more financing to grow their businesses. The Managing Director/Chief Executive Officer of the bank, Mr. Olukayode Pitan, described...The Managing Director/Chief Executive Officer of the bank, Mr. Olukayode Pitan, described the theme as apt, considering the pivotal role SMEs play as the engine room of the global economy.
He noted that the bank remained committed to supporting the funding needs of its customers and assured them of sustained intervention with the successful completion of the €1bn guaranteed facility.
He explained that the facility, like previous ones, would be utilized to provide the much-needed medium to long-term Nigerian MSMEs and large enterprises with transactions at affordable naira interest rates.]]>63africa_business_radio,bank_of_industry,news,nigeria,small_businesscleanfullhttps://www.spreaker.com/episode/kenya-s-president-disbands-killer-police-squad--51597069The president says the move was part of efforts to overhaul the country's security sector.
Kenya's Daily Nation newspaper says an investigation report on the disappearance of two Indian nationals and their local taxi driver precipitated the disbandment of the unit.
The Newspaper earlier reported that at least 19 unclaimed bodies had been retrieved over the past two years from the Yala river in different stages of decomposition.
Human rights organizations however have documented many cases of killings directly attributed to police officers.]]>https://api.spreaker.com/episode/51597069Mon, 17 Oct 2022 14:25:34 +0000Africa Business RadioKenya's President William Ruto has disbanded an elite police unit that has allegedly been linked to extrajudicial killings in the country in recent years. The president says the move was part of efforts to overhaul the country's security sector....The president says the move was part of efforts to overhaul the country's security sector.
Kenya's Daily Nation newspaper says an investigation report on the disappearance of two Indian nationals and their local taxi driver precipitated the disbandment of the unit.
The Newspaper earlier reported that at least 19 unclaimed bodies had been retrieved over the past two years from the Yala river in different stages of decomposition.
Human rights organizations however have documented many cases of killings directly attributed to police officers.]]>61africa_business_radio,kenya,killer_police_squad,newscleanfullhttps://www.spreaker.com/episode/nigerian-government-reopens-dangote-cement-to-continue-talks--51597070The Minister of Interior, Rauf Aregbesola, says that an agreement had been reached between the Dangote Group and the Kogi State Government on the need to reopen the factory while urging both parties to respect the agreement.
The reopening of the plant came after a 10-day disagreement by both parties over the legality of the acquisition of the cement plant.
The Commissioner of Information, Kingsley Fanwo, the Kogi State Government had maintained that the acquisition of the cement plant by Africa’s richest man did not follow due process.]]>https://api.spreaker.com/episode/51597070Mon, 17 Oct 2022 14:23:45 +0000Africa Business RadioThe Dangote Cement Plant located in Obajana, Kogi State, has been reopened after being closed by the Kogi State Government over issues bordering on the legality of the company’s acquisition of the defunct Obajana Cement Company. The Minister of...The Minister of Interior, Rauf Aregbesola, says that an agreement had been reached between the Dangote Group and the Kogi State Government on the need to reopen the factory while urging both parties to respect the agreement.
The reopening of the plant came after a 10-day disagreement by both parties over the legality of the acquisition of the cement plant.
The Commissioner of Information, Kingsley Fanwo, the Kogi State Government had maintained that the acquisition of the cement plant by Africa’s richest man did not follow due process.]]>62africa_business_radio,dangote,news,nigeriacleanfullhttps://www.spreaker.com/episode/falana-calls-for-for-irabor-s-sack-over-destruction-of-oil-vessel--51597071A private pipeline surveillance team Tanita Security Services led by a former militant leader Government Ekpemupolo better known as Tompolo arrested a vessel used for crude oil theft off the creeks of the Niger Delta.
The vessel was later set ablaze by the Nigerian Navy with Irabor defending the move, saying there was no need for investigation.
Falana however says the burning of the vessel is illegal as he accused the military of cover-up.]]>https://api.spreaker.com/episode/51597071Mon, 17 Oct 2022 14:20:41 +0000Africa Business RadioHumanitarian rights lawyer Femi Falana has called for the sack of the Chief of Defence Staff General Lucky Irabor over the destruction of an illegal oil bunkering vessel. A private pipeline surveillance team Tanita Security Services led by a former...A private pipeline surveillance team Tanita Security Services led by a former militant leader Government Ekpemupolo better known as Tompolo arrested a vessel used for crude oil theft off the creeks of the Niger Delta.
The vessel was later set ablaze by the Nigerian Navy with Irabor defending the move, saying there was no need for investigation.
Falana however says the burning of the vessel is illegal as he accused the military of cover-up.]]>56africa_business_radio,news,nigeria,oil_theftcleanfullhttps://www.spreaker.com/episode/nigeria-s-academic-staff-acting-on-court-order-issues-still-unresolved--51597072A court of appeal had ordered the striking lecturers to return to class after the National Industrial Court ruled against the union in a case brought to it by the Federal government. Days after the appeal court judgment, ASUU called off the strike and ordered members to resume lectures.
The union’s National President, Emmanuel Osodeke, however, says the decision was not because issues brought by the lecturers were fully addressed.]]>https://api.spreaker.com/episode/51597072Mon, 17 Oct 2022 14:18:24 +0000Africa Business RadioThe Academic Staff Union of Universities says it called off its eight-month strike due to a court order and appeals from Nigerians. A court of appeal had ordered the striking lecturers to return to class after the National Industrial Court ruled...A court of appeal had ordered the striking lecturers to return to class after the National Industrial Court ruled against the union in a case brought to it by the Federal government. Days after the appeal court judgment, ASUU called off the strike and ordered members to resume lectures.
The union’s National President, Emmanuel Osodeke, however, says the decision was not because issues brought by the lecturers were fully addressed.]]>52africa_business_radio,asuu,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-urged-to-act-fast-to-avert-flooding-disaster-in-niger-delta--51597073Clark decried the flooding which has displaced thousands of people in the region and other parts of Nigeria.
He accused the Federal Government of being nonchalant over the issue, calling on the humanitarian ministry and other agencies to urgently deplore relief materials to the areas.
He noted that there is starvation on the land, no water for the people to drink, the State is cut off from all sources that supply food to her, and even the electricity supply, has been cut off.]]>https://api.spreaker.com/episode/51597073Mon, 17 Oct 2022 14:16:43 +0000Africa Business RadioElder statesman Edwin Clark has called on the Federal Government to act fast to avert disasters in the Niger Delta following flooding in the region. Clark decried the flooding which has displaced thousands of people in the region and other parts of...Clark decried the flooding which has displaced thousands of people in the region and other parts of Nigeria.
He accused the Federal Government of being nonchalant over the issue, calling on the humanitarian ministry and other agencies to urgently deplore relief materials to the areas.
He noted that there is starvation on the land, no water for the people to drink, the State is cut off from all sources that supply food to her, and even the electricity supply, has been cut off.]]>55africa_business_radio,flooding,news,niger_delta,nigeriacleanfullhttps://www.spreaker.com/episode/tigray-rebels-urge-global-push-for-ethiopia-ceasefire--51597075The Tigray People's Liberation Front called on the international community to compel the Eritrean army to withdraw from Tigray and press the Ethiopian government to come to the negotiating table.
The TPLF say it was ready to respect an immediate cessation of hostilities if the Ethiopian government was compelled to negotiate for peace.]]>https://api.spreaker.com/episode/51597075Mon, 17 Oct 2022 14:14:56 +0000Africa Business RadioTigray's rebel forces in the northern Ethiopia region have called on the international community to enforce an immediate ceasefire between them and the Ethiopian government or help them defend themselves, the group said in a statement on Twitter. The...The Tigray People's Liberation Front called on the international community to compel the Eritrean army to withdraw from Tigray and press the Ethiopian government to come to the negotiating table.
The TPLF say it was ready to respect an immediate cessation of hostilities if the Ethiopian government was compelled to negotiate for peace.]]>53africa_business_radio,ethiopia,news,tigraycleanfullhttps://www.spreaker.com/episode/chancellor-to-fast-track-tax-and-spending-measures--51597076The Treasury will outline details of the plans later on Monday.
It is the latest of a series of U-turns on policies announced in the mini-budget.
The move is designed to help reassure jittery markets before they open in London.
The announcement of the £18bn U-turn on corporation tax on Friday and the firing of Kwasi Kwarteng as chancellor did not calm rising UK government borrowing costs.]]>https://api.spreaker.com/episode/51597076Mon, 17 Oct 2022 14:13:10 +0000Africa Business RadioChancellor Jeremy Hunt is to fast-track many billions of pounds worth of tax and spending measures from his debt plan, announcing them a fortnight earlier than expected. The Treasury will outline details of the plans later on Monday. It is the...The Treasury will outline details of the plans later on Monday.
It is the latest of a series of U-turns on policies announced in the mini-budget.
The move is designed to help reassure jittery markets before they open in London.
The announcement of the £18bn U-turn on corporation tax on Friday and the firing of Kwasi Kwarteng as chancellor did not calm rising UK government borrowing costs.]]>54africa_business_radio,debt_plan,news,tax,u.kcleanfullhttps://www.spreaker.com/episode/mtn-airtel-hike-in-data-tariffs-unsettles-subscribers-in-nigeria--51597080Subscribers are calling on the industry regulator, the Nigerian Communications Commission to prevail on MTN and Airtel to reverse their data tariff to the status quo, insisting that the hike will further add to the economic hardship currently being faced by Nigerians and telecom subscribers.]]>https://api.spreaker.com/episode/51597080Mon, 17 Oct 2022 14:11:35 +0000Africa Business RadioMTN and Airtel stunned their subscribers with a silent upward review of the cost of their data services, a development industry stakeholders fear may not only trigger similar actions by other telecom firms but could also compel subscribers to port to...Subscribers are calling on the industry regulator, the Nigerian Communications Commission to prevail on MTN and Airtel to reverse their data tariff to the status quo, insisting that the hike will further add to the economic hardship currently being faced by Nigerians and telecom subscribers.]]>54africa_business_radio,airtel,mtn,news,nigeria,telecommunicationcleanfullhttps://www.spreaker.com/episode/central-bank-of-nigeria-begins-grassroot-enaira-adoption--51597079The bank engaged some commercial drivers in the Federal Capital Territory to educate them on how to use digital currency with a focus on making them ambassadors to drive the adoption campaign to the grassroots.
The apex bank says it is targeting the instalment of a minimum of 10 agent points in Nigeria's 774 local government areas to help in facilitating the visibility and nationwide adoption of the Central bank digital currency.
CBN coordinator, technical working committee on eNaira Hajiya Rekiya Mohammed says the bank was at the park to promote eNaira awareness campaign by intimating commercial drivers of the idea, aim, benefits and use of the eNaira application for the everyday transaction.]]>https://api.spreaker.com/episode/51597079Mon, 17 Oct 2022 13:44:12 +0000Africa Business RadioCentral Bank of Nigeria has begun an inclusive campaign for grassroots adoption of its digital currency, eNaira. The bank engaged some commercial drivers in the Federal Capital Territory to educate them on how to use digital currency with a focus on...The bank engaged some commercial drivers in the Federal Capital Territory to educate them on how to use digital currency with a focus on making them ambassadors to drive the adoption campaign to the grassroots.
The apex bank says it is targeting the instalment of a minimum of 10 agent points in Nigeria's 774 local government areas to help in facilitating the visibility and nationwide adoption of the Central bank digital currency.
CBN coordinator, technical working committee on eNaira Hajiya Rekiya Mohammed says the bank was at the park to promote eNaira awareness campaign by intimating commercial drivers of the idea, aim, benefits and use of the eNaira application for the everyday transaction.]]>70africa_business_radio,digital_currency,e-naira,news,nigeriacleanfullhttps://www.spreaker.com/episode/united-nations-condemns-russia-s-move-to-annex-parts-of-ukraine--51574047Three-quarters of the 193-member General Assembly of 143 countries backed a resolution that also reaffirmed the sovereignty, independence, unity, and territorial integrity of Ukraine within its internationally recognized borders.
Four countries joined Russia in voting against the resolution – Belarus, Nicaragua, North Korea, and Syria. Another 35 countries abstained from the vote, including China, India, Pakistan and South Africa while the rest did not vote.]]>https://api.spreaker.com/episode/51574047Fri, 14 Oct 2022 12:42:42 +0000Africa Business RadioThe United Nations General Assembly has voted to condemn Russia’s attempted illegal annexation of four partially occupied regions in Ukraine and urged countries not to recognize the move. Three-quarters of the 193-member General Assembly of 143...Three-quarters of the 193-member General Assembly of 143 countries backed a resolution that also reaffirmed the sovereignty, independence, unity, and territorial integrity of Ukraine within its internationally recognized borders.
Four countries joined Russia in voting against the resolution – Belarus, Nicaragua, North Korea, and Syria. Another 35 countries abstained from the vote, including China, India, Pakistan and South Africa while the rest did not vote.]]>62africa_business_radio,news,russia,ukraine,united_nationscleanfullhttps://www.spreaker.com/episode/british-economic-policy-faces-veiled-concern-about-trussonomics--51574054While the UK was not identified by name, multiple participants at the round table, the debut of UK Chancellor Kwasi Kwarteng, raised their concerns about countries making unfunded tax cuts that threatened financial stability, at a delicate time, a clear reference to Britain.
A G7 minister said privately that the concern was really about how the UK had doubled down even after the clear financial stability implication, and that explanations would be sought.
The US Treasury Secretary Janet Yellen had already said publicly on the sidelines of the IMF conference that she was "watching UK developments closely.]]>https://api.spreaker.com/episode/51574054Fri, 14 Oct 2022 12:40:28 +0000Africa Business RadioBBC reports that British economic policy faced some thinly-veiled criticism by other G7 finance ministers at the crucial meeting of major economies at the IMF. While the UK was not identified by name, multiple participants at the round table, the...While the UK was not identified by name, multiple participants at the round table, the debut of UK Chancellor Kwasi Kwarteng, raised their concerns about countries making unfunded tax cuts that threatened financial stability, at a delicate time, a clear reference to Britain.
A G7 minister said privately that the concern was really about how the UK had doubled down even after the clear financial stability implication, and that explanations would be sought.
The US Treasury Secretary Janet Yellen had already said publicly on the sidelines of the IMF conference that she was "watching UK developments closely.]]>68africa_business_radio,britian,imf,news,u.kcleanfullhttps://www.spreaker.com/episode/uganda-suspends-traditional-healers-work-amid-ebola--51574048The president also directed security officials to arrest people suspected of having contracted the virus if they refuse to go into isolation.
Mr. Museveni says there were currently no confirmed cases of Ebola in Kampala, he warned the public to continue being vigilant, assuring that health workers would bring the outbreak under control.]]>https://api.spreaker.com/episode/51574048Fri, 14 Oct 2022 12:33:42 +0000Africa Business RadioUganda’s President Yoweri Museveni has directed traditional healers to stop treating people during the ongoing Ebola outbreak that has so far killed 19 people in the country. The president also directed security officials to arrest people suspected of...The president also directed security officials to arrest people suspected of having contracted the virus if they refuse to go into isolation.
Mr. Museveni says there were currently no confirmed cases of Ebola in Kampala, he warned the public to continue being vigilant, assuring that health workers would bring the outbreak under control.]]>49africa,africa_business_radio,ebola,news,ugandacleanfullhttps://www.spreaker.com/episode/africa-s-ministers-push-for-ebola-co-ordination-team--51574052They say this would oversee preparedness and response to the current outbreak as well as other epidemics in the continent.
Acting director of the Africa Centres for Disease Control, Ahmed Ogwell, says Africa needs to stop seeking international assistance, as it is on its own during pandemics.
The Africa CDC says the continent is dealing with 11 different public health outbreaks. They are monkeypox, cholera, flooding, influenza, Lassa fever, measles, yellow fever, hepatitis E, and the Crimean - Congo hemorrhagic fever.]]>https://api.spreaker.com/episode/51574052Fri, 14 Oct 2022 12:27:47 +0000Africa Business RadioAfrican health ministers attending a high-level meeting following the Ebola outbreak in Uganda want two regional health bodies to set up an Africa Ebola coordination task force. They say this would oversee preparedness and response to the current...They say this would oversee preparedness and response to the current outbreak as well as other epidemics in the continent.
Acting director of the Africa Centres for Disease Control, Ahmed Ogwell, says Africa needs to stop seeking international assistance, as it is on its own during pandemics.
The Africa CDC says the continent is dealing with 11 different public health outbreaks. They are monkeypox, cholera, flooding, influenza, Lassa fever, measles, yellow fever, hepatitis E, and the Crimean - Congo hemorrhagic fever.]]>63africa,africa_business_radio,ebola,health,newscleanfullhttps://www.spreaker.com/episode/angola-to-cut-interest-rates-as-long-as-inflation-is-low--51574046De Lima Massano says they have interest rates in Angola above 20%. So those are too high. And if we have room to keep on reducing them, we’ll do it.
Angola has started to lower interest rates, delivering a rate cut in September for the first time since 2019, by 50 basis points to 19.5%.]]>https://api.spreaker.com/episode/51574046Fri, 14 Oct 2022 12:17:19 +0000Africa Business RadioThe central bank governor Jose De Lima Massano says Angola will keep cutting interest rates as long as inflation is kept low, forecasting that inflation will fall to 16% this year and 9-10% by the end of 2023. De Lima Massano says they have interest...De Lima Massano says they have interest rates in Angola above 20%. So those are too high. And if we have room to keep on reducing them, we’ll do it.
Angola has started to lower interest rates, delivering a rate cut in September for the first time since 2019, by 50 basis points to 19.5%.]]>54africa,africa_business_radio,angola,interest_rate,newscleanfullhttps://www.spreaker.com/episode/nigerians-warned-to-brace-for-more-flooding--51574045This comes as Nigerian authorities announced the number of people killed by floods in the country has risen to more than 500, as we reported earlier.
The head of NiMet, Professor Mansur Bako Matazu, says flooding from rainfall may have reached its peak, but the opening of dams and other water-holding facilities would continue to affect many states in northern and south-eastern areas.
He explained that water-associated risks will intensify in the coming years due to climate change.
The International Monetary Fund also warned that floods in some Nigerian states could worsen food insecurity.]]>https://api.spreaker.com/episode/51574045Fri, 14 Oct 2022 12:15:10 +0000Africa Business RadioThe Nigerian Meteorological Agency has warned Nigerians to brace for more flooding. This comes as Nigerian authorities announced the number of people killed by floods in the country has risen to more than 500, as we reported earlier. The head of...This comes as Nigerian authorities announced the number of people killed by floods in the country has risen to more than 500, as we reported earlier.
The head of NiMet, Professor Mansur Bako Matazu, says flooding from rainfall may have reached its peak, but the opening of dams and other water-holding facilities would continue to affect many states in northern and south-eastern areas.
He explained that water-associated risks will intensify in the coming years due to climate change.
The International Monetary Fund also warned that floods in some Nigerian states could worsen food insecurity.]]>59africa_business_radio,flood_control,meteorological_agency,news,nigeriacleanfullhttps://www.spreaker.com/episode/imf-urges-nigerian-government-to-save-oil-revenues--51574053The IMF Divisional Chief, Fiscal Affairs Department, Paulo Medas, noted that while Nigeria has benefited from higher oil revenues, they haven't seen an improvement in the deficits as we hoped part because of the large energy subsidies, but also other issues with the production of oil and other pressures on the budget.
Director of the Fiscal Affairs Department at the IMF, Vitor Gaspar, noted that 19 of the 35 low-income countries in Africa are in debt distress as more than 120 million people on the continent do not have enough food to eat.]]>https://api.spreaker.com/episode/51574053Fri, 14 Oct 2022 12:12:26 +0000Africa Business RadioThe Nigerian government has been urged to save up on oil revenues as fears of a global food shock rise. The IMF Divisional Chief, Fiscal Affairs Department, Paulo Medas, noted that while Nigeria has benefited from higher oil revenues, they haven't...The IMF Divisional Chief, Fiscal Affairs Department, Paulo Medas, noted that while Nigeria has benefited from higher oil revenues, they haven't seen an improvement in the deficits as we hoped part because of the large energy subsidies, but also other issues with the production of oil and other pressures on the budget.
Director of the Fiscal Affairs Department at the IMF, Vitor Gaspar, noted that 19 of the 35 low-income countries in Africa are in debt distress as more than 120 million people on the continent do not have enough food to eat.]]>59africa_business_radio,imf,news,nigeria,oil_revenuecleanfullhttps://www.spreaker.com/episode/nigeria-s-oil-production-to-get-boost-as-shell-resumes-export--51574049SPDC’s Media Relations Manager, Abimbola Essien-Nelson, says in addition to the repairs, they are working to remove and clamp theft points on the onshore pipelines to ensure full crude oil receipt at the terminal.
Essien-Nelson says the active illegal connections to SPDC joint venture’s production lines and facilities in the western Niger Delta as well as the inactive illegal connection to the onshore section of the 48.]]>https://api.spreaker.com/episode/51574049Fri, 14 Oct 2022 12:09:28 +0000Africa Business RadioThe oil major says it expects that ongoing essential repairs on the facility would have been completed and begin normal export operations. SPDC’s Media Relations Manager, Abimbola Essien-Nelson, says in addition to the repairs, they are working to...SPDC’s Media Relations Manager, Abimbola Essien-Nelson, says in addition to the repairs, they are working to remove and clamp theft points on the onshore pipelines to ensure full crude oil receipt at the terminal.
Essien-Nelson says the active illegal connections to SPDC joint venture’s production lines and facilities in the western Niger Delta as well as the inactive illegal connection to the onshore section of the 48.]]>56africa_business_radio,export,news,nigeria,shellcleanfullhttps://www.spreaker.com/episode/nigeria-s-2023-appropriation-bill-scales-second-reading--51574051The upper chamber referred the bill to its Committee on Appropriation for further legislative action and expressed dissatisfaction over the rise in recurrent expenditure which is up from over 6 trillion nairas this year to over 8 trillion budgeted for next year.
The lawmakers say Nigeria cannot continue to borrow to fund 1 percent of its population. Subsequently, the Senate asked its committee to report back in four weeks.
It adjourned its sitting for the next four weeks to allow its various committees to work on the 2023 budget estimates as well as a budget defense by various ministries, departments, and agencies.]]>https://api.spreaker.com/episode/51574051Fri, 14 Oct 2022 12:07:55 +0000Africa Business RadioThe 2023 appropriation bill of N20.5 trillion passed through the second reading in the Senate and the House of Representatives. The upper chamber referred the bill to its Committee on Appropriation for further legislative action and expressed...The upper chamber referred the bill to its Committee on Appropriation for further legislative action and expressed dissatisfaction over the rise in recurrent expenditure which is up from over 6 trillion nairas this year to over 8 trillion budgeted for next year.
The lawmakers say Nigeria cannot continue to borrow to fund 1 percent of its population. Subsequently, the Senate asked its committee to report back in four weeks.
It adjourned its sitting for the next four weeks to allow its various committees to work on the 2023 budget estimates as well as a budget defense by various ministries, departments, and agencies.]]>64africa_business_radio,appropriation_bill,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-begins-talks-with-ethiopia-over-visa-ban--51574050The Minister of Aviation, Hadi Sirika however, noted that the ban does not in any way affect the agreement by the two nations on Nigeria Air.
The council also approved the ratification of International Labour Organisation Convention 181 which seeks to permit the operation of private employment agencies and ensure the protection and right of people are fully respected as well as the adoption of a revised national policy on labor migration which seeks to protect the dignity of migrants workers in the country.]]>https://api.spreaker.com/episode/51574050Fri, 14 Oct 2022 12:04:06 +0000Africa Business RadioThe Federal Executive Council has stated that it has begun engagements with the Ethiopian Government over the controversial subject of a recent visa ban on Nigeria, in order to seek a reversal of the new policy. The Minister of Aviation, Hadi Sirika...The Minister of Aviation, Hadi Sirika however, noted that the ban does not in any way affect the agreement by the two nations on Nigeria Air.
The council also approved the ratification of International Labour Organisation Convention 181 which seeks to permit the operation of private employment agencies and ensure the protection and right of people are fully respected as well as the adoption of a revised national policy on labor migration which seeks to protect the dignity of migrants workers in the country.]]>64africa_business_radio,aviation,ethiopia,news,nigeriacleanfullhttps://www.spreaker.com/episode/kenya-to-increase-trade-volume-with-tanzania--51564056President Ruto stated that the two nations will be working to double trade from the current Sh90 billion so as ensure the trade and investors benefit from the relations.
Kenya's trade with Tanzania has grown steadily in the past years in the wake of improved relations between the two countries after years of feuds that at one point resulted in retaliatory measures such as trade bans.
The Head of State mentioned that Trade Cabinet Secretaries between the two nations alongside other officials will be having a meeting to iron out fourteen trade barriers that have stifled operations between the two states.
President Ruto outlined that the remaining barriers have locked trade between the two nations in the East Africa region.]]>https://api.spreaker.com/episode/51564056Thu, 13 Oct 2022 14:03:22 +0000Africa Business RadioPresident William Ruto has pledged to increase the trade volume with Tanzania so as to foster strong bilateral ties between the two neighbouring countries. President Ruto stated that the two nations will be working to double trade from the current...President Ruto stated that the two nations will be working to double trade from the current Sh90 billion so as ensure the trade and investors benefit from the relations.
Kenya's trade with Tanzania has grown steadily in the past years in the wake of improved relations between the two countries after years of feuds that at one point resulted in retaliatory measures such as trade bans.
The Head of State mentioned that Trade Cabinet Secretaries between the two nations alongside other officials will be having a meeting to iron out fourteen trade barriers that have stifled operations between the two states.
President Ruto outlined that the remaining barriers have locked trade between the two nations in the East Africa region.]]>69africa,africa_business_radio,kenya,news,tazaniacleanfullhttps://www.spreaker.com/episode/bai-announces-sales-of-more-than-900-000-shares-on-stock-exchange--51564057The financial institution says the sale is intended for all interested investors, subject to the terms and limits stipulated by law.
It adds that the operation will be available, from October 24 to December 30, 2022, at Intermediation Agents registered with BODIVA, in the BAI Branch Network and in Internet BAI (browser: Internet Explorer, Edge, Chrome, Safari, among others).
BAI is the first Angolan bank to join the stock exchange, whose share capital stands at Kz 157.545.000,000, fully subscribed and paid up, and represented by 19. 4 billion ordinary, book-entry and nominative shares.]]>https://api.spreaker.com/episode/51564057Thu, 13 Oct 2022 14:02:38 +0000Africa Business RadioThe Banco Angolano de Investimentos announced the sale of 972,500 own shares on the Angola Debt and Securities Exchange. The financial institution says the sale is intended for all interested investors, subject to the terms and limits stipulated by...The financial institution says the sale is intended for all interested investors, subject to the terms and limits stipulated by law.
It adds that the operation will be available, from October 24 to December 30, 2022, at Intermediation Agents registered with BODIVA, in the BAI Branch Network and in Internet BAI (browser: Internet Explorer, Edge, Chrome, Safari, among others).
BAI is the first Angolan bank to join the stock exchange, whose share capital stands at Kz 157.545.000,000, fully subscribed and paid up, and represented by 19. 4 billion ordinary, book-entry and nominative shares.]]>69africa_business_radio,angola,newscleanfullhttps://www.spreaker.com/episode/biden-pledges-to-continue-us-air-defence-support-to-ukraine--51564058Now the White House has confirmed President Biden pledged to continue providing Ukraine with the support needed to defend itself, including advanced air defence systems.
Mr Biden also underscored his ongoing engagement with allies and partners "to continue imposing costs on Russia, holding Russia accountable for its war crimes and atrocities, and providing Ukraine with security, economic, and humanitarian assistance.]]>https://api.spreaker.com/episode/51564058Thu, 13 Oct 2022 13:59:55 +0000Africa Business RadioUkraine's President Volodymyr Zelensky and US President Joe Biden say the two leaders had a productive conversation, in which air defence was top of the agenda. Now the White House has confirmed President Biden pledged to continue providing Ukraine...Now the White House has confirmed President Biden pledged to continue providing Ukraine with the support needed to defend itself, including advanced air defence systems.
Mr Biden also underscored his ongoing engagement with allies and partners "to continue imposing costs on Russia, holding Russia accountable for its war crimes and atrocities, and providing Ukraine with security, economic, and humanitarian assistance.]]>54africa_business_radio,air_defense,news,russia,ukraine,u.scleanfullhttps://www.spreaker.com/episode/new-russian-general-to-deal-with-factional-defence-ministry--51564059It says the Kremlin's appointment of hard-line General Sergei Surovikin to lead forces in Ukraine is probably an effort to improve the delivery of the operation.
The MoD says however, he may have to contend with an increasingly factional and poorly resourced Russian defence ministry.
It's thought that General Alexandr Dvornikov did hold this role between April and August, although it's not clear how much control he held over the often disparate and competing groupings of forces.]]>https://api.spreaker.com/episode/51564059Thu, 13 Oct 2022 13:58:33 +0000Africa Business RadioThe UK's Ministry of Defence has given its daily update on the war in Ukraine. It says the Kremlin's appointment of hard-line General Sergei Surovikin to lead forces in Ukraine is probably an effort to improve the delivery of the operation. The...It says the Kremlin's appointment of hard-line General Sergei Surovikin to lead forces in Ukraine is probably an effort to improve the delivery of the operation.
The MoD says however, he may have to contend with an increasingly factional and poorly resourced Russian defence ministry.
It's thought that General Alexandr Dvornikov did hold this role between April and August, although it's not clear how much control he held over the often disparate and competing groupings of forces.]]>53africa_business_radio,news,russia,u.k,ukrainecleanfullhttps://www.spreaker.com/episode/mexico-files-new-lawsuit-against-us-gun-dealers--51564060Foreign Relations Secretary Marcelo Ebrard says the new lawsuit targets five US gun dealers all based in the state of Arizona that have contributed to the widespread availability of weapons in Mexico and the country’s high homicide rate.
The move comes just more than a week after a US judge dismissed a separate $10bn lawsuit Mexico filed last year against 11 US gun manufacturers.]]>https://api.spreaker.com/episode/51564060Thu, 13 Oct 2022 13:56:33 +0000Africa Business RadioMexico has filed another lawsuit in the United States against US companies it says are fuelling a surge in homicides and the flow of illegal weapons into the country, the Mexican foreign minister announced. Foreign Relations Secretary Marcelo Ebrard...Foreign Relations Secretary Marcelo Ebrard says the new lawsuit targets five US gun dealers all based in the state of Arizona that have contributed to the widespread availability of weapons in Mexico and the country’s high homicide rate.
The move comes just more than a week after a US judge dismissed a separate $10bn lawsuit Mexico filed last year against 11 US gun manufacturers.]]>56africa_business_radio,gun_control,mexico,news,united_statescleanfullhttps://www.spreaker.com/episode/nigeria-to-finalize-investment-decision-on-25bn-gas-pipeline-in-2023--51564064The 5,600-kilometer pipeline is meant to supply fuel to Europe, with the NNPC and the Office National des Hydrocarbures et des Mines of Morocco, signing a Memorandum of Understanding on the deal last month.
Group Chief Executive Officer of the NNPC, Mallam Mele Kyari, assured that the project was on course and remains one of the most critical for the company.
Kyari says the project will cost $20-25 billion to build and will be constructed in phases, he anticipates the first segment would take three years to finish and the others five years.]]>https://api.spreaker.com/episode/51564064Thu, 13 Oct 2022 13:55:45 +0000Africa Business RadioThe Nigerian National Petroleum Company Limited along with its partners could take a Final Investment Decision on the $25 billion Nigeria-Morocco gas pipeline in 2023. The 5,600-kilometer pipeline is meant to supply fuel to Europe, with the NNPC and...The 5,600-kilometer pipeline is meant to supply fuel to Europe, with the NNPC and the Office National des Hydrocarbures et des Mines of Morocco, signing a Memorandum of Understanding on the deal last month.
Group Chief Executive Officer of the NNPC, Mallam Mele Kyari, assured that the project was on course and remains one of the most critical for the company.
Kyari says the project will cost $20-25 billion to build and will be constructed in phases, he anticipates the first segment would take three years to finish and the others five years.]]>64africa_business_radio,investment_decision,news,nigeria,nnpccleanfullhttps://www.spreaker.com/episode/spain-s-cepsa-signs-green-hydrogen-shipping-deal-with-rotterdam-port--51564065CEO Maarten Wetselaar says Cepsa, which is diversifying into green energy, plans to take advantage of relatively cheap solar energy in Andalusia to power hydrogen production.
Wetselaar says the company would start shipping the hydrogen from Algeciras port as early as 2027 to a hub in Rotterdam, without disclosing the cost of the project.]]>https://api.spreaker.com/episode/51564065Thu, 13 Oct 2022 13:54:18 +0000Africa Business RadioThe Financial Times reports that Spain’s Cepsa has signed a deal with the Dutch port of Rotterdam to ship green hydrogen it plans to produce in Andalusia to northern Europe, citing the oil and gas group’s chief executive. CEO Maarten Wetselaar says...CEO Maarten Wetselaar says Cepsa, which is diversifying into green energy, plans to take advantage of relatively cheap solar energy in Andalusia to power hydrogen production.
Wetselaar says the company would start shipping the hydrogen from Algeciras port as early as 2027 to a hub in Rotterdam, without disclosing the cost of the project.]]>54africa_business_radio,green_hydrogen,news,oil_gas,spaincleanfullhttps://www.spreaker.com/episode/tunisia-government-exhaust-petroleum-reserve--51564078Energy Minister Naila Nouira has denied that the fuel shortage is down to the government’s inability to pay for supplies, insisting instead that many motorists are taking more than they need.
She added that a tanker, full of petrol, is now being unloaded which will give the country several more days' supply.]]>https://api.spreaker.com/episode/51564078Thu, 13 Oct 2022 13:53:33 +0000Africa Business RadioOfficials at Tunisia’s powerful UGTT labour union say the country has only enough petrol to last a week. Energy Minister Naila Nouira has denied that the fuel shortage is down to the government’s inability to pay for supplies, insisting instead that...Energy Minister Naila Nouira has denied that the fuel shortage is down to the government’s inability to pay for supplies, insisting instead that many motorists are taking more than they need.
She added that a tanker, full of petrol, is now being unloaded which will give the country several more days' supply.]]>44africa,africa_business_radio,news,petroleum,tunisiacleanfullhttps://www.spreaker.com/episode/nigeria-s-presidential-villa-to-spend-n14bn-on-internet--51564080In the budget, N67.1m was budgeted for Internet access to the Villa, while stationery and computer consumables would be N79m.
A further breakdown of the budget also showed that N35.9m was allocated for electricity charges, telephone charges and water rates each got N306.2m, N6m and N40.6m respectively.
President Muhammadu Buhari presented to a joint session of the National Assembly a budget proposal of N20.51tn for the 2023 fiscal year.
The budget is about N750bn higher than the N19.76tn earlier proposed in the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper.]]>https://api.spreaker.com/episode/51564080Thu, 13 Oct 2022 13:51:42 +0000Africa Business RadioThe Presidential Villa plans to spend N14.8bn on Internet access, stationery and telephone charges, among others, under the Federal Government’s planned expenditure captured in the 2023 budget. In the budget, N67.1m was budgeted for Internet access...In the budget, N67.1m was budgeted for Internet access to the Villa, while stationery and computer consumables would be N79m.
A further breakdown of the budget also showed that N35.9m was allocated for electricity charges, telephone charges and water rates each got N306.2m, N6m and N40.6m respectively.
President Muhammadu Buhari presented to a joint session of the National Assembly a budget proposal of N20.51tn for the 2023 fiscal year.
The budget is about N750bn higher than the N19.76tn earlier proposed in the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper.]]>802023_budget,africa_business_radio,news,nigeria,presidencycleanfullhttps://www.spreaker.com/episode/the-u-s-adds-dozens-of-chinese-firms-to-export-control-list--51537660The unverified list is a potential stepping stone to tougher economic blacklists from the Commerce Department.]]>https://api.spreaker.com/episode/51537660Tue, 11 Oct 2022 15:26:19 +0000Africa Business RadioThe United States added 31 Chinese companies, including memory chip maker YMTCYangtze Memory Technologies Co, to a list of firms that U.S. officials could not inspect to verify they can be trusted to responsibly handle sensitive technology exports....The unverified list is a potential stepping stone to tougher economic blacklists from the Commerce Department.]]>43africa_business_radio,china,news,united_statescleanfullhttps://www.spreaker.com/episode/ending-extreme-poverty-in-nigeria-by-2030-not-feasible--51537691The bank blamed this on three major developments: the COVID-19 pandemic, the Russia-Ukraine war, and the climate shocks, which it described as the greatest setback in the fight against poverty since World War 2.
This revelation comes as the bank announced that it had raised the extreme poverty line to $2.15, from $1.90, where it has been.
World Bank President, David Malpass, noted that by 2015, global extreme poverty had been reduced by more than half.
He noted, however, that since then, poverty reduction has slowed in tandem with subdued global economic growth.]]>https://api.spreaker.com/episode/51537691Tue, 11 Oct 2022 15:20:00 +0000Africa Business RadioThe World Bank says the target of eradicating extreme poverty by the year 2030 is no longer feasible, arguably the chief driver of the global process has declared. The bank blamed this on three major developments: the COVID-19 pandemic, the...The bank blamed this on three major developments: the COVID-19 pandemic, the Russia-Ukraine war, and the climate shocks, which it described as the greatest setback in the fight against poverty since World War 2.
This revelation comes as the bank announced that it had raised the extreme poverty line to $2.15, from $1.90, where it has been.
World Bank President, David Malpass, noted that by 2015, global extreme poverty had been reduced by more than half.
He noted, however, that since then, poverty reduction has slowed in tandem with subdued global economic growth.]]>65africa_business_radio,news,poverty_eradication,world_bankcleanfullhttps://www.spreaker.com/episode/libya-accepts-to-transport-nigeria-s-gas-to-europe--51537667Libyan Oil and Gas minister, Mohammed Aoun, says the distance between Nigeria's gas wells and European markets is at least 1,000 kilometers shorter than the two gas pipeline projects passing through Algeria and Morocco, thus reducing the cost of transport and therefore the gas prices.
Libya however faces many challenges to achieving this project; security, financial, technological, and market aspects. It is also working against the clock as Europe aims for carbon neutrality by 2050.]]>https://api.spreaker.com/episode/51537667Tue, 11 Oct 2022 15:16:16 +0000Africa Business RadioThe Libyan government of National Unity has offered to transport Nigerian gas to Europe through its territory. Libyan Oil and Gas minister, Mohammed Aoun, says the distance between Nigeria's gas wells and European markets is at least 1,000 kilometers...Libyan Oil and Gas minister, Mohammed Aoun, says the distance between Nigeria's gas wells and European markets is at least 1,000 kilometers shorter than the two gas pipeline projects passing through Algeria and Morocco, thus reducing the cost of transport and therefore the gas prices.
Libya however faces many challenges to achieving this project; security, financial, technological, and market aspects. It is also working against the clock as Europe aims for carbon neutrality by 2050.]]>56africa_business_radio,libya,news,nigeeriacleanfullhttps://www.spreaker.com/episode/uk-defies-climate-warnings-with-new-oil-and-gas-licences--51537692They say there can be no new projects if there is to be a chance of keeping global temperature rises under 1.5C.
Both the Intergovernmental Panel on Climate Change, the global body for climate science, and the International Energy Agency have expressed such a view.
Business Secretary Jacob Rees-Mogg says the new exploration will boost energy security and support skilled jobs.]]>https://api.spreaker.com/episode/51537692Tue, 11 Oct 2022 15:07:30 +0000Africa Business RadioThe UK has opened a new licensing round for companies to explore oil and gas in the North Sea. They say there can be no new projects if there is to be a chance of keeping global temperature rises under 1.5C. Both the Intergovernmental Panel on...They say there can be no new projects if there is to be a chance of keeping global temperature rises under 1.5C.
Both the Intergovernmental Panel on Climate Change, the global body for climate science, and the International Energy Agency have expressed such a view.
Business Secretary Jacob Rees-Mogg says the new exploration will boost energy security and support skilled jobs.]]>49africa_business_radio,climate_warning,news,u.kcleanfullhttps://www.spreaker.com/episode/south-sudan-road-funds-blocked-due-to-lack-of-transportation-rules--51537693The bank has placed conditions to be met before the country begins receiving funding for road infrastructure development.
They said for the bank to support South Sudan’s transport sector, the government needs to put in place clear institutional regulations and financial policies.
Bernard Aritua, a World Bank official told reporters in Juba says these are the things that South Sudan needs to tackle.]]>https://api.spreaker.com/episode/51537693Tue, 11 Oct 2022 15:00:13 +0000Africa Business RadioThe World Bank says South Sudan cannot receive infrastructure funding from international investors due to a lack of financial policies and transport sector regulations. The bank has placed conditions to be met before the country begins receiving...The bank has placed conditions to be met before the country begins receiving funding for road infrastructure development.
They said for the bank to support South Sudan’s transport sector, the government needs to put in place clear institutional regulations and financial policies.
Bernard Aritua, a World Bank official told reporters in Juba says these are the things that South Sudan needs to tackle.]]>54africa,africa_business_radio,imf,news,south_sudancleanfullhttps://www.spreaker.com/episode/wagner-group-accused-of-using-africa-wealth-to-fund-ukraine-war--51537662US Ambassador to the United Nations, Linda Thomas-Greenfield, says Russia's shadowy Wagner mercenary group was using the ill-gotten gains to fund Moscow’s war machine in Africa, the Middle East, and Ukraine.
She says people across Africa are paying a heavy price for the Wagner Group’s exploitative practices and human rights violations.]]>https://api.spreaker.com/episode/51537662Tue, 11 Oct 2022 14:53:19 +0000Africa Business RadioThe US says Russian mercenaries are exploiting natural resources in the Central African Republic, Mali, and Sudan to fund Moscow's war in Ukraine. US Ambassador to the United Nations, Linda Thomas-Greenfield, says Russia's shadowy Wagner mercenary...US Ambassador to the United Nations, Linda Thomas-Greenfield, says Russia's shadowy Wagner mercenary group was using the ill-gotten gains to fund Moscow’s war machine in Africa, the Middle East, and Ukraine.
She says people across Africa are paying a heavy price for the Wagner Group’s exploitative practices and human rights violations.]]>52africa,africa_business_radio,news,ukrainecleanfullhttps://www.spreaker.com/episode/ghana-hikes-lending-rate-as-inflation-nears-40--51537663The central bank has announced a hike in the policy rate by 250 basis points to 24.5%, from 22% in August, the highest increment since 2017.
The move, according to the central bank, is to curb the rising inflation of nearly 40%.
Inflation in the country is likely to go up significantly in the coming months following recent adjustments in utility tariffs and local currency depreciation.
Ghana is currently negotiating a $3bn IMF bailout program to run for a period of three years.]]>https://api.spreaker.com/episode/51537663Tue, 11 Oct 2022 14:45:44 +0000Africa Business RadioThe cost of loans in Ghana is set to increase again for the average borrower, following an upward review of the rate at which banks can borrow money from the central bank, otherwise referred to as the policy rate. The central bank has announced a...The central bank has announced a hike in the policy rate by 250 basis points to 24.5%, from 22% in August, the highest increment since 2017.
The move, according to the central bank, is to curb the rising inflation of nearly 40%.
Inflation in the country is likely to go up significantly in the coming months following recent adjustments in utility tariffs and local currency depreciation.
Ghana is currently negotiating a $3bn IMF bailout program to run for a period of three years.]]>63africa,africa_business_radio,ghana,inflation_rate,newscleanfullhttps://www.spreaker.com/episode/world-suicide-rates-highest-in-africa--51537665The agency says Africa is home to six of the 10 countries with the highest suicide rates globally.
The agency added that mental health workers are mostly located in urban areas on the continent.
The WHO Regional Director for Africa, Matshidiso Moeti, says suicide was a major public health problem, although prevention is rarely a priority in national health programs.]]>https://api.spreaker.com/episode/51537665Tue, 11 Oct 2022 14:39:15 +0000Africa Business RadioThe World Health Organization says Africa has the highest rate of people dying by suicide in the world. The agency says Africa is home to six of the 10 countries with the highest suicide rates globally. The agency added that mental health workers...The agency says Africa is home to six of the 10 countries with the highest suicide rates globally.
The agency added that mental health workers are mostly located in urban areas on the continent.
The WHO Regional Director for Africa, Matshidiso Moeti, says suicide was a major public health problem, although prevention is rarely a priority in national health programs.]]>49africa,africa_business_radio,news,sucide_rate,whocleanfullhttps://www.spreaker.com/episode/google-spends-20-of-1billion-on-african-projects-begins-first-cloud-region--51537695Managing Director, of Google Africa, Nitin Gajria, says Google had last year, committed $1 billion over five years to increase connectivity and invest in companies to accelerate Africa’s digital development, adding that this year, Google is focusing on how it is fulfilling the pledge.
He says other African projects include the connectivity to more people in Africa, with Equiano subsea cable now linked to Togo, Nigeria, Namibia, and South Africa, and operations set to begin by the end of the year.
Gajria says the new Google Cloud region would be established in South Africa, being it's first on the continent.]]>https://api.spreaker.com/episode/51537695Tue, 11 Oct 2022 14:30:32 +0000Africa Business RadioGoogle says that it had already spent over 20 percent of the budget, which covers the establishment of its first cloud region in Africa. Managing Director, of Google Africa, Nitin Gajria, says Google had last year, committed $1 billion over five...Managing Director, of Google Africa, Nitin Gajria, says Google had last year, committed $1 billion over five years to increase connectivity and invest in companies to accelerate Africa’s digital development, adding that this year, Google is focusing on how it is fulfilling the pledge.
He says other African projects include the connectivity to more people in Africa, with Equiano subsea cable now linked to Togo, Nigeria, Namibia, and South Africa, and operations set to begin by the end of the year.
Gajria says the new Google Cloud region would be established in South Africa, being it's first on the continent.]]>65africa,africa_business_radio,cloud_region,google,newscleanfullhttps://www.spreaker.com/episode/non-oil-export-contributed-2-593billion-to-nigeria-s-economy-in-six-months--51537661Mr. Yakusak says the various non-oil products that were exported within the period stood at $2.593b as against the sum of $1.597b in the first six months of the year 2021 representing a 64.23% increase.
He says the 2021 figure was also an increase to the first six months of the year 2020 which was $981.442 million.
He says the uncertainties in the crude oil market have caused serious contractions in government revenue from oil with great consequences.
He says with the customized sacks, Nigeria onions will be easily identified and distinguished from other countries’ products in the global market.]]>https://api.spreaker.com/episode/51537661Tue, 11 Oct 2022 14:25:20 +0000Africa Business RadioThe Managing Director, and Chief Executive Officer of the Nigerian Export Promotion Council, Ezra Yakusak, says the non-oil sector has contributed over two billion dollars to the Nigerian economy in the first six months of the year 2022. Mr. Yakusak...Mr. Yakusak says the various non-oil products that were exported within the period stood at $2.593b as against the sum of $1.597b in the first six months of the year 2021 representing a 64.23% increase.
He says the 2021 figure was also an increase to the first six months of the year 2020 which was $981.442 million.
He says the uncertainties in the crude oil market have caused serious contractions in government revenue from oil with great consequences.
He says with the customized sacks, Nigeria onions will be easily identified and distinguished from other countries’ products in the global market.]]>77africa_business_radio,news,nigeria,non_export,oil_sectorcleanfullhttps://www.spreaker.com/episode/nigerian-president-presents-n20-51-trillion-2023-budget-proposal--51537666The N20.51 trillion budget which is the highest so far in the nation’s history is the last to be presented by the president before his tenure elapses.
The president says this 8th financial blueprint of his administration has tagged the budget of Fiscal Sustainability and transition.
Buhari noted that the 2023 transition budget was designed to address critical issues and lay a solid foundation for the incoming administration.
The president said he believes that based on these fiscal assumptions and parameters, total federally-collectible revenue is estimated at 16.87 trillion Naira in 2023.
He further stated that the total federally distributable revenue is estimated at 11.09 trillion Naira in 2023, while the total revenue available to fund the 2023 Federal Budget is estimated at 9.73 trillion Naira.]]>https://api.spreaker.com/episode/51537666Tue, 11 Oct 2022 14:23:22 +0000Africa Business RadioPresident Muhammadu Buhari presented before the two chambers of the National Assembly, a record N20.51 trillion proposed budget for the 2023 financial year. The N20.51 trillion budget which is the highest so far in the nation’s history is the last to...The N20.51 trillion budget which is the highest so far in the nation’s history is the last to be presented by the president before his tenure elapses.
The president says this 8th financial blueprint of his administration has tagged the budget of Fiscal Sustainability and transition.
Buhari noted that the 2023 transition budget was designed to address critical issues and lay a solid foundation for the incoming administration.
The president said he believes that based on these fiscal assumptions and parameters, total federally-collectible revenue is estimated at 16.87 trillion Naira in 2023.
He further stated that the total federally distributable revenue is estimated at 11.09 trillion Naira in 2023, while the total revenue available to fund the 2023 Federal Budget is estimated at 9.73 trillion Naira.]]>812023_budget,africa_business_radio,news,nigeria,nigerian_lawmakerscleanfullhttps://www.spreaker.com/episode/organisation-of-petroleum-exporting-countries-eyes-oil-price-hike--51495980Members of the Organisation of Petroleum Exporting Countries and their Russia-led allies agreed on a major cut in oil production a move to prop up prices that could bolster sanction-hit Moscow’s coffers and irk Washington.
AFP reported that the 13-nation OPEC cartel and its 10 Russian-led allies agreed to reduce two million barrels per day from November at a meeting in Vienna,]]>https://api.spreaker.com/episode/51495980Fri, 07 Oct 2022 08:46:05 +0000Africa Business RadioThe price of Brent, the global benchmark for crude, gained $1.62 by rising to $93.4/barrel as oil producers agreed on a major production cut. Members of the Organisation of Petroleum Exporting Countries and their Russia-led allies agreed on a major...Members of the Organisation of Petroleum Exporting Countries and their Russia-led allies agreed on a major cut in oil production a move to prop up prices that could bolster sanction-hit Moscow’s coffers and irk Washington.
AFP reported that the 13-nation OPEC cartel and its 10 Russian-led allies agreed to reduce two million barrels per day from November at a meeting in Vienna,]]>50africa_business_radio,news,oil_price,opeccleanfullhttps://www.spreaker.com/episode/ethiopia-s-tigray-rebels-accept-african-union-call-for-talks--51495987Tigrayan rebels confirmed they would take part after the Addis Ababa government confirmed its participation earlier.
The Tigray rebels have however raised some questions about the invited participants, observers, guarantors and the role of the international community.]]>https://api.spreaker.com/episode/51495987Fri, 07 Oct 2022 08:40:57 +0000Africa Business RadioBoth sides in the two-year-long civil war in northern Ethiopia have now agreed to attend peace talks this weekend in South Africa. following an invitation by the African Union. Tigrayan rebels confirmed they would take part after the Addis Ababa...Tigrayan rebels confirmed they would take part after the Addis Ababa government confirmed its participation earlier.
The Tigray rebels have however raised some questions about the invited participants, observers, guarantors and the role of the international community.]]>57africa,africa_business_radio,au,ethopia,newscleanfullhttps://www.spreaker.com/episode/india-probes-alleged-link-of-cough-syrups-to-gambia-child-deaths--51495986The WHO says the medicines contain dangerous substances that can cause kidney damage, and should be withdrawn immediately.
The Indian government says it has asked the WHO to share its evidence of the link between the syrups and the deaths of the children.
The manufacturer, Maiden Pharmaceuticals, says it is trying to find out from its buyer in The Gambia details about what happened.]]>https://api.spreaker.com/episode/51495986Fri, 07 Oct 2022 08:37:02 +0000Africa Business RadioThe Indian health ministry says it has launched an investigation after the World Health Organization said cough syrups made in India were linked to 66 child deaths in The Gambia. The WHO says the medicines contain dangerous substances that can cause...The WHO says the medicines contain dangerous substances that can cause kidney damage, and should be withdrawn immediately.
The Indian government says it has asked the WHO to share its evidence of the link between the syrups and the deaths of the children.
The manufacturer, Maiden Pharmaceuticals, says it is trying to find out from its buyer in The Gambia details about what happened.]]>54africa,africa_business_radio,gambia,india,news,whocleanfullhttps://www.spreaker.com/episode/kenya-s-telecom-giant-safaricom-launches-in-ethiopia--51495982Safaricom switched on its network and services in the capital Addis Ababa following network pilots in 10 cities.
Safaricom leads a consortium which includes South Africa’s Vodacom and the UK's Vodafone.
Its entry into the Ethiopian market comes after Prime Minister Abiy Ahmed took power in 2018 with a promise to liberalise the economy.]]>https://api.spreaker.com/episode/51495982Fri, 07 Oct 2022 08:31:26 +0000Africa Business RadioKenya's telecom giant Safaricom has launched its network in Ethiopia, becoming the first private operator in one of Africa's biggest markets. Safaricom switched on its network and services in the capital Addis Ababa following network pilots in 10...Safaricom switched on its network and services in the capital Addis Ababa following network pilots in 10 cities.
Safaricom leads a consortium which includes South Africa’s Vodacom and the UK's Vodafone.
Its entry into the Ethiopian market comes after Prime Minister Abiy Ahmed took power in 2018 with a promise to liberalise the economy.]]>50africa,africa_business_radio,kenya,news,safaricomcleanfullhttps://www.spreaker.com/episode/nigerian-president-to-present-2023-budget-proposal-to-the-national-assembly--51495985Presidential aide Femi Adesina says it was virtually one item in the Federal Executive Council meeting. The budget proposal for 2023 was presented and discussed at length.
He explained that the budget proposal would be taken to the National Assembly on Friday morning by the President.
Adesina, says the hybrid FEC sessions (in-person and online participants), was in line with the country’s COVID-19 guidelines.]]>https://api.spreaker.com/episode/51495985Fri, 07 Oct 2022 08:27:04 +0000Africa Business RadioPresident Muhammadu Buhari will present the proposed N19.76 trillion budget for the 2023 fiscal year to the National Assembly. Presidential aide Femi Adesina says it was virtually one item in the Federal Executive Council meeting. The budget...Presidential aide Femi Adesina says it was virtually one item in the Federal Executive Council meeting. The budget proposal for 2023 was presented and discussed at length.
He explained that the budget proposal would be taken to the National Assembly on Friday morning by the President.
Adesina, says the hybrid FEC sessions (in-person and online participants), was in line with the country’s COVID-19 guidelines.]]>672023_election,africa_business_radio,national_budget,news,nigeriayesfullhttps://www.spreaker.com/episode/google-invests-over-200m-in-nigeria--51495979The company’s Chief Executive Officer, Sundar Pichai, stated he couldn’t disclose the exact amount the company had invested and said Google had invested well over 20 percent of its commitment on the continent.
At this year’s event, the firm revealed that its subsea cable, Equiano, would launch before the end of 2022.]]>https://api.spreaker.com/episode/51495979Fri, 07 Oct 2022 08:19:01 +0000Africa Business RadioThe Director of Google Cloud Africa, Niral Patel, says Google has spent well above $200m in Nigeria and across Africa in the last year. The company’s Chief Executive Officer, Sundar Pichai, stated he couldn’t disclose the exact amount the company...The company’s Chief Executive Officer, Sundar Pichai, stated he couldn’t disclose the exact amount the company had invested and said Google had invested well over 20 percent of its commitment on the continent.
At this year’s event, the firm revealed that its subsea cable, Equiano, would launch before the end of 2022.]]>66africa,africa_business_radio,google,investment,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-leader-welcomes-freeing-of-train-hostages--51495983Officials say the victims, who were found in terrible conditions, were being checked by doctors at a military hospital.
The military announced that a committee it set up had secured the release of the hostages, but gave no details.
The secretary of the committee, Prof Umar Yusuf, told the BBC that no ransom was paid and there was no use of military force.
He said the victims had not changed clothes since they were abducted over six months ago.]]>https://api.spreaker.com/episode/51495983Fri, 07 Oct 2022 08:10:22 +0000Africa Business RadioPresident Muhammadu Buhari has welcomed the safe release of 23 train passengers held hostage by gunmen since March. Officials say the victims, who were found in terrible conditions, were being checked by doctors at a military hospital. The military...Officials say the victims, who were found in terrible conditions, were being checked by doctors at a military hospital.
The military announced that a committee it set up had secured the release of the hostages, but gave no details.
The secretary of the committee, Prof Umar Yusuf, told the BBC that no ransom was paid and there was no use of military force.
He said the victims had not changed clothes since they were abducted over six months ago.]]>57africa_business_radio,bandits,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-economic-and-financial-crimes-commission-commended-over-service-delivery--51495984Akajemeli says the leadership of the EFCC has shown greater commitment to exemplary service delivery to all its stakeholders.
She commended the EFCC boss, Abdulrasheed Bawa, on his bold initiatives aimed at improving the environment of law enforcement in the fight against economic and financial crimes.]]>https://api.spreaker.com/episode/51495984Fri, 07 Oct 2022 08:06:18 +0000Africa Business RadioThe National Coordinator of Service Compact, Mrs. Nnenna Akajemeli, has commended the Economic and Financial Crimes Commission on its effective service delivery. Akajemeli says the leadership of the EFCC has shown greater commitment to exemplary...Akajemeli says the leadership of the EFCC has shown greater commitment to exemplary service delivery to all its stakeholders.
She commended the EFCC boss, Abdulrasheed Bawa, on his bold initiatives aimed at improving the environment of law enforcement in the fight against economic and financial crimes.]]>58africa_business_radio,efcc,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-academic-staff-to-sue-federal-government-over-registration-of-two-union--51495988The minister of labor and employment, Chris Ngige, presented certificates of registration to CONUA and NAMDA while explaining that the two bodies will exist along aside from ASUU.
Falani says the registration of CONUA and NAMDA is illegal adding that according to the Trade Unions Act, only one unit is allowed to operate in every sector]]>https://api.spreaker.com/episode/51495988Fri, 07 Oct 2022 08:02:41 +0000Africa Business RadioASUU’s lawyer, Femi Falana, says the Union is set to sue the Federal Government over the registration of the Congress of Nigerian Universities Academics and the National Association of Medical and Dental Academics. The minister of labor and...The minister of labor and employment, Chris Ngige, presented certificates of registration to CONUA and NAMDA while explaining that the two bodies will exist along aside from ASUU.
Falani says the registration of CONUA and NAMDA is illegal adding that according to the Trade Unions Act, only one unit is allowed to operate in every sector]]>69africa_business_radio,asuu,newscleanfullhttps://www.spreaker.com/episode/inflation-in-turkey-surges-to-83--51476655The transport, food, and housing sectors have seen the biggest rise in prices.
Independent experts the Inflation Research Group estimate the annual rate is actually 186.27%.
The transport sector saw the sharpest increases in annual prices at 117.66%, followed by food and non-alcoholic drinks at 93%.
Mr. Erdogan has described interest rates as the mother and father of all evil, and his economic policies include intervening in foreign exchange markets.
US Banking giant JP Morgan says Turkey's inflation would remain in the abnormally high range until policies get orthodox.]]>https://api.spreaker.com/episode/51476655Wed, 05 Oct 2022 14:07:04 +0000Africa Business RadioInflation in Turkey has climbed above 83% - a 24-year-high. The transport, food, and housing sectors have seen the biggest rise in prices. Independent experts the Inflation Research Group estimate the annual rate is actually 186.27%. The transport...The transport, food, and housing sectors have seen the biggest rise in prices.
Independent experts the Inflation Research Group estimate the annual rate is actually 186.27%.
The transport sector saw the sharpest increases in annual prices at 117.66%, followed by food and non-alcoholic drinks at 93%.
Mr. Erdogan has described interest rates as the mother and father of all evil, and his economic policies include intervening in foreign exchange markets.
US Banking giant JP Morgan says Turkey's inflation would remain in the abnormally high range until policies get orthodox.]]>67africa_business_radio,inflation_rate,news,turkeycleanfullhttps://www.spreaker.com/episode/chancellor-kwasi-kwarteng-to-set-out-debt-plan-early--51476656Mr. Kwarteng said he wanted to move forward with no distractions.
Prime Minister Liz Truss says that abolishing the top rate of tax was only a tiny part of the plan for economic growth.
Mr Kwarteng acknowledged the turbulence caused by his mini-budget, which saw the pound's value plummet, borrowing costs soar, and the Bank of England bail out pension funds.]]>https://api.spreaker.com/episode/51476656Wed, 05 Oct 2022 14:05:33 +0000Africa Business RadioChancellor Kwasi Kwarteng will set out his plan to get UK debt falling earlier than planned after markets reacted badly to his package of tax cuts. Mr. Kwarteng said he wanted to move forward with no distractions. Prime Minister Liz Truss says that...Mr. Kwarteng said he wanted to move forward with no distractions.
Prime Minister Liz Truss says that abolishing the top rate of tax was only a tiny part of the plan for economic growth.
Mr Kwarteng acknowledged the turbulence caused by his mini-budget, which saw the pound's value plummet, borrowing costs soar, and the Bank of England bail out pension funds.]]>52africa_business_radio,news,tax_cut,u.kcleanfullhttps://www.spreaker.com/episode/trump-sues-cnn-for-defamation-seeks-475m-in-damages--51476659Trump, in the lawsuit filed in a US District Court in Florida, accused CNN of waging a campaign of libel and slander” against him because it fears he will run for president again in 2024.
Trump’s lawyers say CNN has sought to use its massive influence purportedly as a trusted news source to defame the plaintiff in the minds of its viewers and readers for the purpose of defeating him politically.
Trump, who requested a jury trial, had a caustic relationship with CNN and other major news outlets like The New York Times during his presidency, branding them “fake news” and repeatedly raging against them on social media.]]>https://api.spreaker.com/episode/51476659Wed, 05 Oct 2022 14:02:58 +0000Africa Business RadioFormer US president Donald Trump sued CNN accusing the cable television news network of defamation and seeking $475 million in punitive damages. Trump, in the lawsuit filed in a US District Court in Florida, accused CNN of waging a campaign of libel...Trump, in the lawsuit filed in a US District Court in Florida, accused CNN of waging a campaign of libel and slander” against him because it fears he will run for president again in 2024.
Trump’s lawyers say CNN has sought to use its massive influence purportedly as a trusted news source to defame the plaintiff in the minds of its viewers and readers for the purpose of defeating him politically.
Trump, who requested a jury trial, had a caustic relationship with CNN and other major news outlets like The New York Times during his presidency, branding them “fake news” and repeatedly raging against them on social media.]]>71africa_business_radio,cnn,news,trumpcleanfullhttps://www.spreaker.com/episode/kenyans-to-be-compensated-over-fire-blamed-on-uk-army--51476661A lawyer representing the British Army Training Unit Kenya says a liaison committee formed by the Kenyan and UK governments will be publishing the compensation process later this week.
The petitioners say the fire caused an environmental disaster.
Lawyer Kevin Kubai representing more than 1,000 members of the community confirmed receiving the claim forms from those affected and he plans to submit them next week.]]>https://api.spreaker.com/episode/51476661Wed, 05 Oct 2022 14:01:41 +0000Africa Business RadioA Kenyan court has given a community in northern Kenya 60 days to lodge compensation claims over a fire that destroyed thousands of acres of land during a military training exercise by the British army in March last year. A lawyer representing the...A lawyer representing the British Army Training Unit Kenya says a liaison committee formed by the Kenyan and UK governments will be publishing the compensation process later this week.
The petitioners say the fire caused an environmental disaster.
Lawyer Kevin Kubai representing more than 1,000 members of the community confirmed receiving the claim forms from those affected and he plans to submit them next week.]]>59africa_business_radio,kenya,news,u.kcleanfullhttps://www.spreaker.com/episode/south-sudan-steps-up-ebola-surveillance--51476681The suspected cases were detected in three regional states bordering neighbouring Uganda and the Democratic Republic of Congo.
Uganda is currently dealing with an outbreak of the haemorrhagic fever. Forty-three cases have been confirmed and nine deaths have been recorded.
Mabior Kiir, the head of planning and information at the Public Health Emergency Operation Centre says that one suspected case was detected in Eastern Equatoria state’s Nimule town on the border with Uganda.]]>https://api.spreaker.com/episode/51476681Wed, 05 Oct 2022 14:00:37 +0000Africa Business RadioSouth Sudan's health officials are testing samples from five people to see if they have contracted the Ebola virus. The suspected cases were detected in three regional states bordering neighbouring Uganda and the Democratic Republic of Congo. Uganda...The suspected cases were detected in three regional states bordering neighbouring Uganda and the Democratic Republic of Congo.
Uganda is currently dealing with an outbreak of the haemorrhagic fever. Forty-three cases have been confirmed and nine deaths have been recorded.
Mabior Kiir, the head of planning and information at the Public Health Emergency Operation Centre says that one suspected case was detected in Eastern Equatoria state’s Nimule town on the border with Uganda.]]>58africa_business_radio,ebola_virus,news,south_sudancleanfullhttps://www.spreaker.com/episode/kenya-allows-farming-and-imports-of-genetically-modified-crops--51476654It comes as the country is experiencing a devastating drought. The worst drought in 40 years has left millions facing hunger.
President William Ruto's government has turned to genetically modified crops as a way of helping boost yields.
It says the country needs seeds that are resistant to drought, pests, and diseases.
It was clearly an unpopular decision with America, which is home to major producers of genetically engineered seeds.]]>https://api.spreaker.com/episode/51476654Wed, 05 Oct 2022 13:58:53 +0000Africa Business RadioKenya has authorised the cultivation and importation of genetically modified crops and animal feeds, ending a decade-long ban that had been imposed due to health fears. It comes as the country is experiencing a devastating drought. The worst drought...It comes as the country is experiencing a devastating drought. The worst drought in 40 years has left millions facing hunger.
President William Ruto's government has turned to genetically modified crops as a way of helping boost yields.
It says the country needs seeds that are resistant to drought, pests, and diseases.
It was clearly an unpopular decision with America, which is home to major producers of genetically engineered seeds.]]>57africa,africa_business_radio,genetically_modified_crop,kenya,newscleanfullhttps://www.spreaker.com/episode/insurgency-a-threat-to-all-west-african-countries--51476657He says the insecurity has become a regional issue because it is an issue that has engulfed the whole of the Lake Chad Basin region and it is an issue that also has connection with the Sahel region as a whole.
He, however, says the countries have now joined the fight against terrorism through the Multinational Joint Task Force established by the Nigerian Government to checkmate trans-border security challenges.]]>https://api.spreaker.com/episode/51476657Wed, 05 Oct 2022 13:56:47 +0000Africa Business RadioA former Chief of Army Staff, General Abdurrahman Dambazau says insurgency has gone beyond being a threat to Nigeria as it now affects about 15 countries in West Africa including the Benin Republic. He says the insecurity has become a regional issue...He says the insecurity has become a regional issue because it is an issue that has engulfed the whole of the Lake Chad Basin region and it is an issue that also has connection with the Sahel region as a whole.
He, however, says the countries have now joined the fight against terrorism through the Multinational Joint Task Force established by the Nigerian Government to checkmate trans-border security challenges.]]>59africa,africa_business_radio,insurgency,news,west_africacleanfullhttps://www.spreaker.com/episode/nigerian-government-to-re-open-180-000bpd-pipeline-shut-in-april--51476660The pipeline also serves as part of the country’s gas liquids evacuation infrastructure, which is vital for domestic power generation and the export of liquefied gas.
The Group General Manager, National Petroleum Investment Management Services, Bala Wunti, says his team visited the people of Bodo Community in Gokana Local Government Area of Rivers State, which was part of efforts to re-open the TNP.
Wunti says this was part of the company’s continuous journey to re-strengthen its trust with one of the communities where NAPIMS and its partners were conducting business.
He says NAPIMS was able to achieve this because of the support and commitment of the leadership of NNPC, noting that the national oil firm had continued to focus on strengthening partnerships with communities, operating partners, states and relevant stakeholders.]]>https://api.spreaker.com/episode/51476660Wed, 05 Oct 2022 13:51:32 +0000Africa Business RadioThe Federal Government is set to re-open the Trans Niger Pipeline that transports about 180,000 barrels of crude oil daily. The pipeline was shut down six months ago due to vandalism and theft at the oil export facility. The pipeline also serves as...The pipeline also serves as part of the country’s gas liquids evacuation infrastructure, which is vital for domestic power generation and the export of liquefied gas.
The Group General Manager, National Petroleum Investment Management Services, Bala Wunti, says his team visited the people of Bodo Community in Gokana Local Government Area of Rivers State, which was part of efforts to re-open the TNP.
Wunti says this was part of the company’s continuous journey to re-strengthen its trust with one of the communities where NAPIMS and its partners were conducting business.
He says NAPIMS was able to achieve this because of the support and commitment of the leadership of NNPC, noting that the national oil firm had continued to focus on strengthening partnerships with communities, operating partners, states and relevant stakeholders.]]>85africa_business_radio,migeria,news,petroleum,pipelinecleanfullhttps://www.spreaker.com/episode/nigerian-government-to-revitalise-nigeria-s-textile-industry-with-bt-cotton--51476658The Director-General, National Agricultural Biotechnology Development Agency, Abdullahi Mustapha, stated that the federal government determined to solve the challenge, has introduced commercialized Bt cotton in Nigeria, maintaining that the initiative is already been accepted by farmers.
The Country Coordinator, Open Forum on Agricultural Biotechnology, Dr. Rose Gidado, says the workshop was designed to keep farmers and stakeholders abreast with new trends in the cotton industry.
Gidado also noted that there was a need to collect the experiences of farmers who already adopted the Bt cotton, so as to know how to help them achieve better results in the production of cotton.]]>https://api.spreaker.com/episode/51476658Wed, 05 Oct 2022 13:50:05 +0000Africa Business RadioThe federal government has announced plans to revitalize Nigeria’s textile industry with the introduction of Bt Cotton, noting that the move would create massive employment, particularly for Nigerian farmers in the country. The Director-General,...The Director-General, National Agricultural Biotechnology Development Agency, Abdullahi Mustapha, stated that the federal government determined to solve the challenge, has introduced commercialized Bt cotton in Nigeria, maintaining that the initiative is already been accepted by farmers.
The Country Coordinator, Open Forum on Agricultural Biotechnology, Dr. Rose Gidado, says the workshop was designed to keep farmers and stakeholders abreast with new trends in the cotton industry.
Gidado also noted that there was a need to collect the experiences of farmers who already adopted the Bt cotton, so as to know how to help them achieve better results in the production of cotton.]]>74africa_business_radio,agriculture,news,nigeria,textile_industrycleanfullhttps://www.spreaker.com/episode/the-us-vows-to-severely-restrict-iran-oil-sales--51452006The measures announced target several firms and front companies based in China, the United Arab Emirates, Hong Kong, and India that the United States accuses of involvement in the sale of Iranian petroleum and petrochemical products.
The administration of US President Joe Biden also explicitly linked the sanctions to the failure to revive the 2015 Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action.
Treasury Department official Brian Nelson says the United States is committed to severely restricting Iran’s illicit oil and petrochemical sales.]]>https://api.spreaker.com/episode/51452006Mon, 03 Oct 2022 12:48:52 +0000Africa Business RadioThe Biden administration has announced a new round of sanctions against Iran, vowing to impose financial penalties on a regular basis in an effort to severely restrict Iranian oil and petrochemical exports. The measures announced target several firms...The measures announced target several firms and front companies based in China, the United Arab Emirates, Hong Kong, and India that the United States accuses of involvement in the sale of Iranian petroleum and petrochemical products.
The administration of US President Joe Biden also explicitly linked the sanctions to the failure to revive the 2015 Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action.
Treasury Department official Brian Nelson says the United States is committed to severely restricting Iran’s illicit oil and petrochemical sales.]]>65africa_business_radio,iran,news,nuclear_deal,u.scleanfullhttps://www.spreaker.com/episode/putin-signs-independence-decrees-for-zaporizhia-kherson--51452007The two regions are set to be incorporated into Russia along with the self-proclaimed republics of Donetsk and Luhansk at a lavish ceremony in the Kremlin on Friday after hastily-organized referendums in the Russian-occupied regions, which claimed majorities of up to 99 percent in favor of joining Russia.
Putin recognized the independence of Donetsk and Luhansk in February.
UN Secretary-General Antonio Guterres told reporters in New York City that Russia’s annexation would violate the United Nations Charter and had no legal value.]]>https://api.spreaker.com/episode/51452007Mon, 03 Oct 2022 12:47:35 +0000Africa Business RadioRussian President Vladimir Putin has declared the independence of the Ukrainian regions of Zaporizhia and Kherson as Russia prepares to formally proclaim the annexation of Ukrainian territory in a major escalation of its seven-month invasion. The two...The two regions are set to be incorporated into Russia along with the self-proclaimed republics of Donetsk and Luhansk at a lavish ceremony in the Kremlin on Friday after hastily-organized referendums in the Russian-occupied regions, which claimed majorities of up to 99 percent in favor of joining Russia.
Putin recognized the independence of Donetsk and Luhansk in February.
UN Secretary-General Antonio Guterres told reporters in New York City that Russia’s annexation would violate the United Nations Charter and had no legal value.]]>67africa_business_radio,kherson,news,putin,russia,ukraine,zaporizhiacleanfullhttps://www.spreaker.com/episode/the-us-accuses-russia-of-gas-pipeline-sabotage--51452010US Energy Secretary Jennifer Granholm says an investigation was being carried out into the cause of what she called an act of sabotage.
Russia has dismissed suggestions that it was to blame.
It said suggestions it had damaged the pipelines were stupid and absurd.
President Putin described the damage as unprecedented sabotage, in fact, an act of international terrorism during a phone call with Turkey's President Erdogan, according to the Kremlin, which added Russia plans to bring it up for "urgent discussion" at the UN Security Council.]]>https://api.spreaker.com/episode/51452010Mon, 03 Oct 2022 12:45:40 +0000Africa Business RadioThe US says it seems Russia is to blame for this week's leaks in the Nord Stream gas pipelines. US Energy Secretary Jennifer Granholm says an investigation was being carried out into the cause of what she called an act of sabotage. Russia has...US Energy Secretary Jennifer Granholm says an investigation was being carried out into the cause of what she called an act of sabotage.
Russia has dismissed suggestions that it was to blame.
It said suggestions it had damaged the pipelines were stupid and absurd.
President Putin described the damage as unprecedented sabotage, in fact, an act of international terrorism during a phone call with Turkey's President Erdogan, according to the Kremlin, which added Russia plans to bring it up for "urgent discussion" at the UN Security Council.]]>58africa_business_radio,news,nord_stream,russia,u.scleanfullhttps://www.spreaker.com/episode/world-cup-fans-do-not-need-covid-19-vaccination--51452008The health ministry says players and match officials however may be forced into a secure bio-bubble if Covid-19 cases take off again, with the threat of expulsion from the tournament for those who breach the secure environment.
Qatar organizers, who have predicted that more than one million people will pack Doha for the matches, and football’s governing body, FIFA, have said they want the event to be a sign the world is getting over the devastating pandemic.
Fans will have to wear masks in public transport but authorities are only recommending the use of masks at the eight stadiums in the Doha region where matches will be played.]]>https://api.spreaker.com/episode/51452008Mon, 03 Oct 2022 12:43:49 +0000Africa Business RadioThe Gulf state says Coronavirus vaccinations will not be mandatory for the million-plus fans going to the World Cup in Qatar this year. The health ministry says players and match officials however may be forced into a secure bio-bubble if Covid-19...The health ministry says players and match officials however may be forced into a secure bio-bubble if Covid-19 cases take off again, with the threat of expulsion from the tournament for those who breach the secure environment.
Qatar organizers, who have predicted that more than one million people will pack Doha for the matches, and football’s governing body, FIFA, have said they want the event to be a sign the world is getting over the devastating pandemic.
Fans will have to wear masks in public transport but authorities are only recommending the use of masks at the eight stadiums in the Doha region where matches will be played.]]>63africa_business_radio,doha,football,news,qatar,world_cupcleanfullhttps://www.spreaker.com/episode/spain-to-cut-taxes-for-low-income-earners--51452009Budget Minister Maria Jesus Montero says the government will reduce the income tax on people earning up to 21,000 euros per year, or one in two workers,
She confirmed the government will slap a new tax in 2023 and 2024 on residents whose wealth exceeds three million euros to help pay for inflation relief measures.
Prime Minister Pedro Sanchez’s government announced last week that it would create a temporary tax on the wealthiest population without giving details.]]>https://api.spreaker.com/episode/51452009Mon, 03 Oct 2022 12:39:15 +0000Africa Business RadioSpain’s leftist government says it will cut the income tax on lower-income households to help hard-hit consumers grapple with soaring inflation. Budget Minister Maria Jesus Montero says the government will reduce the income tax on people earning up...Budget Minister Maria Jesus Montero says the government will reduce the income tax on people earning up to 21,000 euros per year, or one in two workers,
She confirmed the government will slap a new tax in 2023 and 2024 on residents whose wealth exceeds three million euros to help pay for inflation relief measures.
Prime Minister Pedro Sanchez’s government announced last week that it would create a temporary tax on the wealthiest population without giving details.]]>58africa_business_radio,news,spain,tax_cutcleanfullhttps://www.spreaker.com/episode/uganda-parliament-to-pass-a-bill-on-organ-transplants--51452011The new law will clear the way for transplantation centers and a national waiting list of organ recipients to be created, but also contains stringent measures in case of organ trafficking or abuse of donors' rights.
Parliament has approved the new transplant law meaning that it will come into force as soon as the president gives his assent - which is largely a formality because assent is almost always given.]]>https://api.spreaker.com/episode/51452011Mon, 03 Oct 2022 12:36:32 +0000Africa Business RadioUgandans who need organ transplants will no longer have to travel abroad, thanks to a new law allowing the procedure in the country. The new law will clear the way for transplantation centers and a national waiting list of organ recipients to be...The new law will clear the way for transplantation centers and a national waiting list of organ recipients to be created, but also contains stringent measures in case of organ trafficking or abuse of donors' rights.
Parliament has approved the new transplant law meaning that it will come into force as soon as the president gives his assent - which is largely a formality because assent is almost always given.]]>52africa,africa_business_radio,news,organ_transplant,ugandacleanfullhttps://www.spreaker.com/episode/west-african-leaders-in-mali-over-detained-ivorians--51452012The delegation comprises Ghanaian President Nana Akufo-Addo, his Gambian counterpart Adama Barrow, Togolese Minister of Foreign Affairs Robert Dussey, and mediator for Mali Goodluck Jonathan.
Ecowas chairperson Umaro Sissoco Embalo had hinted at fresh sanctions for Mali if it continued to detain the 46 Ivorian soldiers.
Mali's Foreign Minister, Abdoulaye Diop, says his country would not obey any order on the detention of the soldiers, accused of being mercenaries.]]>https://api.spreaker.com/episode/51452012Mon, 03 Oct 2022 12:34:47 +0000Africa Business RadioMali's transitional authorities have received a delegation of the Economic Community of West African States for talks on the fate of 46 Ivorian soldiers detained in the country since 10 July. The delegation comprises Ghanaian President Nana...The delegation comprises Ghanaian President Nana Akufo-Addo, his Gambian counterpart Adama Barrow, Togolese Minister of Foreign Affairs Robert Dussey, and mediator for Mali Goodluck Jonathan.
Ecowas chairperson Umaro Sissoco Embalo had hinted at fresh sanctions for Mali if it continued to detain the 46 Ivorian soldiers.
Mali's Foreign Minister, Abdoulaye Diop, says his country would not obey any order on the detention of the soldiers, accused of being mercenaries.]]>62africa_business_radio,ecowas,ivory_coast,mali,newscleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-to-dialogue-with-presidency-over-asuu-strike--51452013He says the leadership, in the next couple of days, will put up a report of its interactions with key stakeholders in the dispute and come up with recommendations that will enable the President to view the issues at stake from an informed second option.
Gbajabiamila says the information gathered from the extensive interactions would assist the leadership in arriving at fact-based recommendations for the resolution of the crisis.]]>https://api.spreaker.com/episode/51452013Mon, 03 Oct 2022 12:32:11 +0000Africa Business RadioSpeaker Femi Gbajabiamila says the leadership of the House of Representatives will seek an audience with President Muhammadu Buhari on the resolution of the ongoing face-off between the Federal Government and the Academic Staff Union of Universities...He says the leadership, in the next couple of days, will put up a report of its interactions with key stakeholders in the dispute and come up with recommendations that will enable the President to view the issues at stake from an informed second option.
Gbajabiamila says the information gathered from the extensive interactions would assist the leadership in arriving at fact-based recommendations for the resolution of the crisis.]]>62africa_business_radio,asuu,news,nigeriacleanfullhttps://www.spreaker.com/episode/lagos-government-suspends-road-transport-employers-association-statewide--51452014The Special Adviser to the Governor on Transportation, Sola Giwa, says the move was aimed at fulfilling one of the state government’s cardinal objectives under the T.H.E.M.E.S Development Agenda.
The acronym, T.H.E.M.E.S, refers to the six pillars of the State’s strategic development agenda, namely: Traffic Management and Transportation, Health and Environment, Education and Technology, Making Lagos a 21st Century Economy, Entertainment and Tourism, as well as Security and Governance
Giwa confirmed that the decision was necessary after some pockets of violence were recorded in Ojo and Lagos Island.]]>https://api.spreaker.com/episode/51452014Mon, 03 Oct 2022 12:29:03 +0000Africa Business RadioThe Lagos government has suspended all activities of the Road Transport Employers Association of Nigeria with immediate effect. The Special Adviser to the Governor on Transportation, Sola Giwa, says the move was aimed at fulfilling one of the state...The Special Adviser to the Governor on Transportation, Sola Giwa, says the move was aimed at fulfilling one of the state government’s cardinal objectives under the T.H.E.M.E.S Development Agenda.
The acronym, T.H.E.M.E.S, refers to the six pillars of the State’s strategic development agenda, namely: Traffic Management and Transportation, Health and Environment, Education and Technology, Making Lagos a 21st Century Economy, Entertainment and Tourism, as well as Security and Governance
Giwa confirmed that the decision was necessary after some pockets of violence were recorded in Ojo and Lagos Island.]]>65africa_business_radio,lagos,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-says-70-global-trade-achieved-through-maritime--51452034The Minister of Transportation, Mu’azu Sambo urged Nigeria to take advantage of the declaration by the International Maritime Organisation to explore more partnerships.
He says the country should demand an inclusive and fair distribution of global resources and deployment of relevant technology to aid decarbonization and control of marine plastic litter and befouling.
Sambo also said that the need for new technology to drive the maritime sector had become imperative.]]>https://api.spreaker.com/episode/51452034Mon, 03 Oct 2022 12:23:23 +0000Africa Business RadioThe Federal Government says that the maritime sector is responsible for the transportation of about 70 percent of globally-traded goods. The Minister of Transportation, Mu’azu Sambo urged Nigeria to take advantage of the declaration by the...The Minister of Transportation, Mu’azu Sambo urged Nigeria to take advantage of the declaration by the International Maritime Organisation to explore more partnerships.
He says the country should demand an inclusive and fair distribution of global resources and deployment of relevant technology to aid decarbonization and control of marine plastic litter and befouling.
Sambo also said that the need for new technology to drive the maritime sector had become imperative.]]>56africa_business_radio,global_trade,maritime,news,nigeriacleanfullhttps://www.spreaker.com/episode/import-dependence-worsening-food-crisis-in-nigeria--51452036The Washington-based lender says staple food prices in sub-Saharan Africa surged by an average of 23.9 percent in 2020 to 22—the most since the 2008 global financial crisis.
The report says the increase was commensurate to an 8.5 percent rise in the cost of a typical food consumption basket beyond generalized price increases.
The report said that global factors were partly to blame because of the region’s imports of top staple foods, noting that the pass-through from global to local food prices was significant.]]>https://api.spreaker.com/episode/51452036Mon, 03 Oct 2022 12:21:36 +0000Africa Business RadioThe International Monetary Fund says that the food crisis currently ravaging Nigeria and other sub-Saharan countries has been exacerbated by over-reliance on imported foods. The Washington-based lender says staple food prices in sub-Saharan Africa...The Washington-based lender says staple food prices in sub-Saharan Africa surged by an average of 23.9 percent in 2020 to 22—the most since the 2008 global financial crisis.
The report says the increase was commensurate to an 8.5 percent rise in the cost of a typical food consumption basket beyond generalized price increases.
The report said that global factors were partly to blame because of the region’s imports of top staple foods, noting that the pass-through from global to local food prices was significant.]]>64africa_business_radio,imf,inflation,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-declares-support-for-ondo-deep-seaport--51424595Sambo commended the steps taken so far by the state government to prepare for the Federal Government’s declaration on the port.
Sambo says the Federal Government would not hesitate to make the Ondo port declaration, pursuant to Section 30 of the Ports Act.
He added that this would be done after all the prerequisites established by the extant laws were met.]]>https://api.spreaker.com/episode/51424595Fri, 30 Sep 2022 07:33:18 +0000Africa Business RadioNigeria’s Minister of Transportation, Mu’azu  Sambo, says the Federal Government would soon officially declare the proposed Ondo seaport facility as a deep seaport, to herald the commencement of other processes at the facility. Sambo commended the...Sambo commended the steps taken so far by the state government to prepare for the Federal Government’s declaration on the port.
Sambo says the Federal Government would not hesitate to make the Ondo port declaration, pursuant to Section 30 of the Ports Act.
He added that this would be done after all the prerequisites established by the extant laws were met.]]>77africa_business_radio,news,nigeria,ondo_sea_portcleanfullhttps://www.spreaker.com/episode/taliban-forces-disperse-women-s-rally-backing-iran-protests--51424596Afghan women protested in front of Kabul’s Iranian embassy before being dispersed by Taliban forces firing in the air.
The protests, banned by the Taliban, contravene a slew of harsh restrictions imposed by the hardline Islamists on Afghan women.
The Taliban have forcefully dispersed women’s rallies in the past, warned journalists against covering them, and detained activists helming organization efforts.]]>https://api.spreaker.com/episode/51424596Fri, 30 Sep 2022 07:31:58 +0000Africa Business RadioTaliban forces fired shots into the air to disperse a women’s rally supporting protests in Iran over the death of a woman in the custody of morality police. Afghan women protested in front of Kabul’s Iranian embassy before being dispersed by Taliban...Afghan women protested in front of Kabul’s Iranian embassy before being dispersed by Taliban forces firing in the air.
The protests, banned by the Taliban, contravene a slew of harsh restrictions imposed by the hardline Islamists on Afghan women.
The Taliban have forcefully dispersed women’s rallies in the past, warned journalists against covering them, and detained activists helming organization efforts.]]>69africa_business_radip,iran,news,talibancleanfullhttps://www.spreaker.com/episode/south-african-president-says-power-cuts-won-t-end-soon--51424597He says they are making progress in the implementation of the additional actions announced in July, even though the effects may not be immediately felt.
Coal is used to generate 80% of South African electricity but a new deal signed last week will increase the country's renewable energy output by 10% through private investment in wind and solar projects.]]>https://api.spreaker.com/episode/51424597Fri, 30 Sep 2022 07:30:29 +0000Africa Business RadioSouth Africa's President Cyril Ramaphosa says that rolling power cuts being experienced in the country will not end anytime soon but things are changing, albeit slowly.  He says they are making progress in the implementation of the additional actions...He says they are making progress in the implementation of the additional actions announced in July, even though the effects may not be immediately felt.
Coal is used to generate 80% of South African electricity but a new deal signed last week will increase the country's renewable energy output by 10% through private investment in wind and solar projects.]]>67africa_business_radio,news,power_cut,south_africacleanfullhttps://www.spreaker.com/episode/nigerian-government-approves-n29bn-for-road-salt-wall-projects--51424598The Minister of Information and Culture, Lai Mohammed says N27.23bn and N1.85bn were approved to rehabilitate the 30km Idoani-Otuo Road and construct a 27km retaining wall for the Ebonyi Salt Lakes, respectively.
He explained that the 27km retaining wall would contain the loss of raw salt from the salt lakes in Ebonyi State, saving at least $88m spent yearly on salt importation.
Minister of Mines and Steel Development, Olamilekan Adegbite, says it would be funded directly by the Presidency adding that the project would not only save the country millions of dollars in foreign exchange but also bridge the local salt demand gap.]]>https://api.spreaker.com/episode/51424598Fri, 30 Sep 2022 07:29:06 +0000Africa Business RadioThe Federal government approved N29.083bn for projects in the Ministry of Works and Housing and Mines and Steel Development. The Minister of Information and Culture, Lai Mohammed says N27.23bn and N1.85bn were approved to rehabilitate the 30km...The Minister of Information and Culture, Lai Mohammed says N27.23bn and N1.85bn were approved to rehabilitate the 30km Idoani-Otuo Road and construct a 27km retaining wall for the Ebonyi Salt Lakes, respectively.
He explained that the 27km retaining wall would contain the loss of raw salt from the salt lakes in Ebonyi State, saving at least $88m spent yearly on salt importation.
Minister of Mines and Steel Development, Olamilekan Adegbite, says it would be funded directly by the Presidency adding that the project would not only save the country millions of dollars in foreign exchange but also bridge the local salt demand gap.]]>75africa_business_radio,news,nigeria,steel_developmentcleanfullhttps://www.spreaker.com/episode/nigerian-government-probes-exploration-production-by-iocs-over-oil-theft--51424600It announced this through its Nigerian Upstream Petroleum Regulatory Commission, stressing that it would do everything within its authority to challenge the narrative and halt further degeneration by ensuring transparency in hydrocarbon accounting.
He noted that this was to ascertain the level of compliance with the terms and conditions in their oil firms’ operational contracts, as well as the challenges impeding expected deliveries
The NUPRC stated that during the engagements, the companies would be required to present their reserve status, life index, current reserves replacement ratio, and reserves growth strategy.]]>https://api.spreaker.com/episode/51424600Fri, 30 Sep 2022 07:26:41 +0000Africa Business RadioThe Federal Government commenced a probe of the exploration and production activities of international and local oil companies as part of measures to address the massive oil theft in Nigeria. It announced this through its Nigerian Upstream Petroleum...It announced this through its Nigerian Upstream Petroleum Regulatory Commission, stressing that it would do everything within its authority to challenge the narrative and halt further degeneration by ensuring transparency in hydrocarbon accounting.
He noted that this was to ascertain the level of compliance with the terms and conditions in their oil firms’ operational contracts, as well as the challenges impeding expected deliveries
The NUPRC stated that during the engagements, the companies would be required to present their reserve status, life index, current reserves replacement ratio, and reserves growth strategy.]]>66africa_business_radio,news,nigeria,oli_theftcleanfullhttps://www.spreaker.com/episode/google-announces-six-new-features-on-search--51424601The Head, Communication, West Africa and sub-Saharan Africa, Mr. Taiwo Kola-Ogunlade, says that the new features leveraging machine learning would help people gather information in new ways.
He highlighted the six new features as multi-search near me, translation in the blink of an eye, Google for iOS updates, even faster ways to find what you are looking for, and new ways to explore information.
He noted that Google introduced multi search, a major milestone, to help people search for information earlier this year.]]>https://api.spreaker.com/episode/51424601Fri, 30 Sep 2022 07:24:46 +0000Africa Business RadioGoogle has announced six new features and developments in the search to help people gather and explore information in new ways. The Head, Communication, West Africa and sub-Saharan Africa, Mr. Taiwo Kola-Ogunlade, says that the new features...The Head, Communication, West Africa and sub-Saharan Africa, Mr. Taiwo Kola-Ogunlade, says that the new features leveraging machine learning would help people gather information in new ways.
He highlighted the six new features as multi-search near me, translation in the blink of an eye, Google for iOS updates, even faster ways to find what you are looking for, and new ways to explore information.
He noted that Google introduced multi search, a major milestone, to help people search for information earlier this year.]]>68africa,africa_business_radio,google,new_features,newscleanfullhttps://www.spreaker.com/episode/nigeria-s-presidential-candidates-sign-peace-accord--51424602The Chairman of the National Peace Committee and former military head of state, Abdusalami Abubakar, appealed to the 18 political parties, their presidential candidates, and spokespersons to commit to issues-based campaigns, as fake news and misinformation are already creating a toxic environment that is capable of threatening the peaceful conduct of the 2023 general elections.
Some members of the National Peace Committee at the program include Bishop Hassan Kukah, John Onayeikan, John Momoh, Aliko Dangote, as well as Alhaji Sa’ad Abubakar. The Inspector General of Police, Usman Baba, amongst others.]]>https://api.spreaker.com/episode/51424602Fri, 30 Sep 2022 07:22:32 +0000Africa Business RadioNigeria’s Presidential candidates have signed a peace accord in Abuja, the nation’s political capital as campaigns officially commence for the 2023 general elections, The Chairman of the National Peace Committee and former military head of state,...The Chairman of the National Peace Committee and former military head of state, Abdusalami Abubakar, appealed to the 18 political parties, their presidential candidates, and spokespersons to commit to issues-based campaigns, as fake news and misinformation are already creating a toxic environment that is capable of threatening the peaceful conduct of the 2023 general elections.
Some members of the National Peace Committee at the program include Bishop Hassan Kukah, John Onayeikan, John Momoh, Aliko Dangote, as well as Alhaji Sa’ad Abubakar. The Inspector General of Police, Usman Baba, amongst others.]]>942023_election,africa_business_radio,news,nigeria,peace_accord,presidential_candidatescleanfullhttps://www.spreaker.com/episode/ebola-deaths-rise-to-six-in-uganda--51424604One of the six medical workers who tested positive for the virus is now in critical condition, according to information from the country’s health ministry.
Uganda's president has defied calls by medical workers to put the Ebola-hit central region under quarantine to prevent the virus from spreading to the rest of the country.
He says no such measures were needed because Ebola is not airborne, and said a laboratory would be set up in the virus epicenter to speed up patient testing.
The World Health Organization believes that Uganda's Ebola outbreak may have been detected late, given that the first person who had it showed symptoms back in August yet the outbreak wasn’t declared until late September.]]>https://api.spreaker.com/episode/51424604Fri, 30 Sep 2022 07:20:59 +0000Africa Business RadioThe number of confirmed Ebola cases in Uganda has risen to 31. One more death has also been recorded, bringing the total number of confirmed deaths to six. One of the six medical workers who tested positive for the virus is now in critical condition,...One of the six medical workers who tested positive for the virus is now in critical condition, according to information from the country’s health ministry.
Uganda's president has defied calls by medical workers to put the Ebola-hit central region under quarantine to prevent the virus from spreading to the rest of the country.
He says no such measures were needed because Ebola is not airborne, and said a laboratory would be set up in the virus epicenter to speed up patient testing.
The World Health Organization believes that Uganda's Ebola outbreak may have been detected late, given that the first person who had it showed symptoms back in August yet the outbreak wasn’t declared until late September.]]>74africa_business_radio,ebola,news,ugandacleanfullhttps://www.spreaker.com/episode/south-africa-regulator-says-mtn-s-one-day-data-bundles-misleading--51424605Currently MTN's one-day data bundles don't expire after 24 hours, instead, they expire at midnight on the day that you bought them - regardless of how late in the day that may have been.
This set-up has been branded as ambiguous and therefore misleading by South Africa's Advertising Regulatory Bureau, which has this week ordered MTN to withdraw adverts for the product.]]>https://api.spreaker.com/episode/51424605Fri, 30 Sep 2022 07:19:08 +0000Africa Business RadioAfrica's biggest mobile phone company has been told off for misleading customers who purchase one-day data bundles. Currently MTN's one-day data bundles don't expire after 24 hours, instead, they expire at midnight on the day that you bought them -...Currently MTN's one-day data bundles don't expire after 24 hours, instead, they expire at midnight on the day that you bought them - regardless of how late in the day that may have been.
This set-up has been branded as ambiguous and therefore misleading by South Africa's Advertising Regulatory Bureau, which has this week ordered MTN to withdraw adverts for the product.]]>50africa_business_radio,news,service_provider,south_africacleanfullhttps://www.spreaker.com/episode/united-nations-applauds-rice-farmers-in-nigeria--51424606It stated that though there was still a lot that should be done in the agriculture sector in Nigeria, the country had made considerable progress in rice production.
The Food and Agriculture Organisation of the United Nations Assistant Director-General and Regional Representative for Africa, Abebe Haile-Gabriel, disclosed this at a press briefing in Abuja.
Haile-Gabriel and the FAO Deputy Director of the Office of Emergencies and Resilience, Shukri Ahmed, are in Nigeria on a high-level mission to strengthen solidarity and amplify the voice of humanitarian actors in advocating support to stem food insecurity across the country.]]>https://api.spreaker.com/episode/51424606Fri, 30 Sep 2022 07:16:40 +0000Africa Business RadioThe United Nations through its Food and Agriculture Organisation has described rice production by smallholder farmers in Nigeria as a fantastic job. It stated that though there was still a lot that should be done in the agriculture sector in Nigeria,...It stated that though there was still a lot that should be done in the agriculture sector in Nigeria, the country had made considerable progress in rice production.
The Food and Agriculture Organisation of the United Nations Assistant Director-General and Regional Representative for Africa, Abebe Haile-Gabriel, disclosed this at a press briefing in Abuja.
Haile-Gabriel and the FAO Deputy Director of the Office of Emergencies and Resilience, Shukri Ahmed, are in Nigeria on a high-level mission to strengthen solidarity and amplify the voice of humanitarian actors in advocating support to stem food insecurity across the country.]]>68africa_business_radio,agriculture,news,nigeria,uncleanfullhttps://www.spreaker.com/episode/students-hold-anti-eu-protest-over-uganda-oil-row--51424607EU lawmakers earlier passed a resolution warning of human rights abuses and the social and environmental risk posed by the project.
The students are marching in the capital, Kampala, to deliver a petition to the EU mission.
The demo appears state-sanctioned and the students are walking with police escort.
Once complete, the pipeline will stretch 1,443km from Lake Albert in western Uganda to the Tanzanian port of Tanga on the Indian Ocean.]]>https://api.spreaker.com/episode/51424607Fri, 30 Sep 2022 07:13:24 +0000Africa Business RadioHundreds of Ugandan students are demonstrating against the European Union parliament after it opposed an oil pipeline project with neighboring Tanzania.  EU lawmakers earlier passed a resolution warning of human rights abuses and the social and...EU lawmakers earlier passed a resolution warning of human rights abuses and the social and environmental risk posed by the project.
The students are marching in the capital, Kampala, to deliver a petition to the EU mission.
The demo appears state-sanctioned and the students are walking with police escort.
Once complete, the pipeline will stretch 1,443km from Lake Albert in western Uganda to the Tanzanian port of Tanga on the Indian Ocean.]]>58africa,africa_business_radio,eu,news,oil_pipeline,ugandacleanfullhttps://www.spreaker.com/episode/apple-makes-new-handset-in-india-in-shift-from-china--51405261The company makes most of its phones in China but has shifted some production outside the country as tensions rise between Washington and Beijing.
Apple says the new iPhone 14 line-up introduces groundbreaking new technologies and important safety capabilities.
They are excited to be manufacturing iPhone 14 in India, Taiwan-based Foxconn, which manufactures the majority of Apple's phones, has had an operation in the southern Indian state of Tamil Nadu since 2017, where it makes older versions of the handsets.]]>https://api.spreaker.com/episode/51405261Wed, 28 Sep 2022 13:16:55 +0000Africa Business RadioApple says it has started making it's iPhone 14 in India as it diversifies its supply chains away from China. The company makes most of its phones in China but has shifted some production outside the country as tensions rise between Washington and...The company makes most of its phones in China but has shifted some production outside the country as tensions rise between Washington and Beijing.
Apple says the new iPhone 14 line-up introduces groundbreaking new technologies and important safety capabilities.
They are excited to be manufacturing iPhone 14 in India, Taiwan-based Foxconn, which manufactures the majority of Apple's phones, has had an operation in the southern Indian state of Tamil Nadu since 2017, where it makes older versions of the handsets.]]>59africa_business_radio,apple,china,india,iphone,newscleanfullhttps://www.spreaker.com/episode/bank-of-england-to-raise-interest-rates-after-pound-s-fall--51405262The Bank says it was monitoring developments closely and would make a decision on any action in November.
Some UK lenders said that they were halting new mortgage deals.
Halifax, the UK's largest mortgage lender, said it would temporarily withdraw all mortgage products that come with a fee due to the market volatility.
Virgin Money and Skipton Building Society have also stopped offering mortgage products to new customers.
Experts say a rise in the cost of long-term borrowing due to the market turmoil meant the cost to lenders of offering new mortgage deals was too expensive.]]>https://api.spreaker.com/episode/51405262Wed, 28 Sep 2022 13:13:41 +0000Africa Business RadioThe Bank of England has said it will not hesitate to hike interest rates to curb inflation after the pound fell to a record low against the US dollar. The Bank says it was monitoring developments closely and would make a decision on any action in...The Bank says it was monitoring developments closely and would make a decision on any action in November.
Some UK lenders said that they were halting new mortgage deals.
Halifax, the UK's largest mortgage lender, said it would temporarily withdraw all mortgage products that come with a fee due to the market volatility.
Virgin Money and Skipton Building Society have also stopped offering mortgage products to new customers.
Experts say a rise in the cost of long-term borrowing due to the market turmoil meant the cost to lenders of offering new mortgage deals was too expensive.]]>61africa_business_radio,england,inflation,interest_rate,news,u.kcleanfullhttps://www.spreaker.com/episode/world-bank-slashes-economic-outlook-for-asia-over-china-slowdown--51405256The region’s economies are expected to grow 3.2 per cent in 2022, down from a 5 per cent forecast in April, as China’s lockdowns continue to disrupt factories and dampen spending, the Washington-based financial institution said on Tuesday.
China, the world’s second-largest economy, is projected to grow 2.8 per cent this year, according to the bank, and 4.5 per cent in 2023.]]>https://api.spreaker.com/episode/51405256Wed, 28 Sep 2022 13:09:22 +0000Africa Business RadioThe World Bank has slashed its economic outlook for the Asia-Pacific, pointing to China’s ultra-strict zero-COVID policy as a drag on regional growth. The region’s economies are expected to grow 3.2 per cent in 2022, down from a 5 per cent forecast...The region’s economies are expected to grow 3.2 per cent in 2022, down from a 5 per cent forecast in April, as China’s lockdowns continue to disrupt factories and dampen spending, the Washington-based financial institution said on Tuesday.
China, the world’s second-largest economy, is projected to grow 2.8 per cent this year, according to the bank, and 4.5 per cent in 2023.]]>67afric_business_radio,asia,china,news,world_bankcleanfullhttps://www.spreaker.com/episode/kremlin-says-no-decision-to-seal-russia-s-borders--51405263Reports that Russia might close the frontier have contributed to turmoil since President Vladimir Putin gave the order last week to call up hundreds of thousands of reservists in the biggest escalation yet of the seven-month Ukraine war.
Flights out of Russia have sold out and cars have piled up at border checkpoints, with reports of a 48-hour queue at the sole road border to Georgia, the rare pro-Western neighbour that allows Russian citizens to enter without a visa.]]>https://api.spreaker.com/episode/51405263Wed, 28 Sep 2022 13:07:03 +0000Africa Business RadioThe Kremlin says no decision has been taken on whether to seal Russia’s borders to stop an exodus of military-aged men fleeing the country after days of chaotic scenes during partial mobilisation for its war in Ukraine. Reports that Russia might...Reports that Russia might close the frontier have contributed to turmoil since President Vladimir Putin gave the order last week to call up hundreds of thousands of reservists in the biggest escalation yet of the seven-month Ukraine war.
Flights out of Russia have sold out and cars have piled up at border checkpoints, with reports of a 48-hour queue at the sole road border to Georgia, the rare pro-Western neighbour that allows Russian citizens to enter without a visa.]]>60africa_business_radio,news,russia,ukrainecleanfullhttps://www.spreaker.com/episode/tanzania-central-bank-to-reduce-liquidity-to-tackle-inflation--51405260The bank’s monetary policy committee says in the context of high inflation and commodity prices, which have contributed to rising inflationary pressures in the country, the MPC approved for the bank to continue with a gradual reduction of liquidity in September and October 2022.
Inflation in Tanzania rose to 4.6% in August from 4.5% the previous month, while the country’s economy was facing a range of challenges, including weak global growth, high commodity prices, tight financial conditions and the recurrence of COVID-19 in some countries.]]>https://api.spreaker.com/episode/51405260Wed, 28 Sep 2022 13:04:41 +0000Africa Business RadioTanzania’s central bank will reduce liquidity in the economy in September and October to slow rising inflation in the east African country. The bank’s monetary policy committee says in the context of high inflation and commodity prices, which have...The bank’s monetary policy committee says in the context of high inflation and commodity prices, which have contributed to rising inflationary pressures in the country, the MPC approved for the bank to continue with a gradual reduction of liquidity in September and October 2022.
Inflation in Tanzania rose to 4.6% in August from 4.5% the previous month, while the country’s economy was facing a range of challenges, including weak global growth, high commodity prices, tight financial conditions and the recurrence of COVID-19 in some countries.]]>62africa,africa_business_radio,inflation,news,tanzaniacleanfullhttps://www.spreaker.com/episode/angola-central-bank-cuts-main-interest-rate-as-inflation-falls--51405284The move comes after the southern African country’s inflation eased further to 19.78% on a year-on-year basis in August, down from 21.40% in July and 27.66% in January.]]>https://api.spreaker.com/episode/51405284Wed, 28 Sep 2022 13:02:13 +0000Africa Business RadioAngola’s central bank cut its main interest rate by 50 basis points to 19.50% in a decision. The move comes after the southern African country’s inflation eased further to 19.78% on a year-on-year basis in August, down from 21.40% in July and 27.66%...The move comes after the southern African country’s inflation eased further to 19.78% on a year-on-year basis in August, down from 21.40% in July and 27.66% in January.]]>41africa,africa_business_radio,angola,interest_rate,newscleanfullhttps://www.spreaker.com/episode/imf-first-bank-seek-unified-exchange-rate-for-nigeria--51405255IMF Representative for Nigeria, Mr Ari Aisen, canvassed complementary macroeconomic and structural policies to preserve competitiveness gains from any exchange rate adjustment in the country.
The Managing Director/CEO, First Bank of Nigeria Limited, Mr Gbenga Shobo, said the Nigerian financial market has evolved over the years and the time has come to build strategies around which it will bring desired results for all to see and benefit from it.
The Executive Director, Chief Risk Officer, First Bank Limited, Olusegun Alebiosu, said the bank is committed to supporting federal government efforts to drive economic growth.]]>https://api.spreaker.com/episode/51405255Wed, 28 Sep 2022 12:59:32 +0000Africa Business RadioThe International Monetary Fund has recommended a unified exchange rate to strengthen Nigeria's macro economy and external reserves. IMF Representative for Nigeria, Mr Ari Aisen, canvassed complementary macroeconomic and structural policies to...IMF Representative for Nigeria, Mr Ari Aisen, canvassed complementary macroeconomic and structural policies to preserve competitiveness gains from any exchange rate adjustment in the country.
The Managing Director/CEO, First Bank of Nigeria Limited, Mr Gbenga Shobo, said the Nigerian financial market has evolved over the years and the time has come to build strategies around which it will bring desired results for all to see and benefit from it.
The Executive Director, Chief Risk Officer, First Bank Limited, Olusegun Alebiosu, said the bank is committed to supporting federal government efforts to drive economic growth.]]>66africa_business_radio,imf,news,nigeria,unified_exchange_ratecleanfullhttps://www.spreaker.com/episode/absence-of-data-protection-law-in-nigeria-delays-world-bank-funds--51405259The financiers for this project include the World Bank, the French Development Agency and the European Investment Bank.
He says one of the major tasks of the project is to strengthen the legal and institutional framework, which has to do with our laws and regulations, in which data protection is actually key.
He further stressed the need for collaboration among all relevant stakeholders to ensure seamless enactment of the data protection law.]]>https://api.spreaker.com/episode/51405259Wed, 28 Sep 2022 12:55:15 +0000Africa Business RadioThe Project Coordinator, Nigeria Digital Identification for Development, Solomon Odole, has disclosed that the financiers of the Nigeria Digital ID4D Project have made the enactment of the data protection law a prerequisite for the release of identity...The financiers for this project include the World Bank, the French Development Agency and the European Investment Bank.
He says one of the major tasks of the project is to strengthen the legal and institutional framework, which has to do with our laws and regulations, in which data protection is actually key.
He further stressed the need for collaboration among all relevant stakeholders to ensure seamless enactment of the data protection law.]]>61africa_business_radio,data_protection_law,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-committed-to-achieving-greener-shipping--51405258The Minister of Transportation, Mu’azu Sambo, says that Nigeria would not be left behind in the global move towards greener shipping, while also reflecting on the need for stakeholders in the maritime sector to begin exploring ways to transition into a greener and more sustainable future.
The Director-General, NIMASA, Dr Bashir Jamoh, also noted that the theme for this year’s world Maritime Day celebration is in line with the agency’s mission of achieving cleaner oceans in developing shipping in Nigeria.
He also pointed out that NIMASA is already working in line with the call by IMO Secretary-General Kitack Lim for developing countries to adopt green technology.]]>https://api.spreaker.com/episode/51405258Wed, 28 Sep 2022 12:41:33 +0000Africa Business RadioThe Federal Government has said that Nigeria is committed to achieving greener shipping in line with the International Maritime Organization’ determination to achieve sustainable development in the maritime industry. The Minister of Transportation,...The Minister of Transportation, Mu’azu Sambo, says that Nigeria would not be left behind in the global move towards greener shipping, while also reflecting on the need for stakeholders in the maritime sector to begin exploring ways to transition into a greener and more sustainable future.
The Director-General, NIMASA, Dr Bashir Jamoh, also noted that the theme for this year’s world Maritime Day celebration is in line with the agency’s mission of achieving cleaner oceans in developing shipping in Nigeria.
He also pointed out that NIMASA is already working in line with the call by IMO Secretary-General Kitack Lim for developing countries to adopt green technology.]]>70africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-withdraws-order-mandating-reopening-of-varsities--51405282The National Universities Commission had mandated vice-chancellors, pro-chancellors, and governing councils to re-open federal universities following months of closure due to the Academic Staff Union of Universities strike.
But on the same day, the NUC issued another circular in which it withdrew the order.]]>https://api.spreaker.com/episode/51405282Wed, 28 Sep 2022 12:21:41 +0000Africa Business RadioThe Federal Government has withdrawn the order mandating vice-chancellors of universities to reopen universities. The National Universities Commission had mandated vice-chancellors, pro-chancellors, and governing councils to re-open federal...The National Universities Commission had mandated vice-chancellors, pro-chancellors, and governing councils to re-open federal universities following months of closure due to the Academic Staff Union of Universities strike.
But on the same day, the NUC issued another circular in which it withdrew the order.]]>45africa_business_radio,news,nigeria,universitycleanfullhttps://www.spreaker.com/episode/kenya-suspends-top-cooking-oil-brands-over-quality-concern--51385289The Kenya Bureau of Standards says the brands failed routine quality tests and ordered that the brands be withdrawn from shelves immediately.
The standards body however clarified that the directive was not a ban, but a temporary suspension until the manufacturers meet specified quality requirements.
The 10 brands listed are manufactured by Bidco Africa, Pwani Oil Products, Kapa Oil Refineries, and Menengai Oil Refineries - the four largest edible oil companies in Kenya.]]>https://api.spreaker.com/episode/51385289Mon, 26 Sep 2022 15:46:05 +0000Africa Business RadioKenya’s standards regulator has suspended the sale of 10 cooking oil products over health and quality concerns. The Kenya Bureau of Standards says the brands failed routine quality tests and ordered that the brands be withdrawn from shelves...The Kenya Bureau of Standards says the brands failed routine quality tests and ordered that the brands be withdrawn from shelves immediately.
The standards body however clarified that the directive was not a ban, but a temporary suspension until the manufacturers meet specified quality requirements.
The 10 brands listed are manufactured by Bidco Africa, Pwani Oil Products, Kapa Oil Refineries, and Menengai Oil Refineries - the four largest edible oil companies in Kenya.]]>60africa,africa_business_radio,health,kenya,newscleanfullhttps://www.spreaker.com/episode/japan-to-lift-restrictions-on-foreign-tourists--51385311Tourists will be able to visit the country without a visa, and will no longer need to go through a travel agency, from 11 October.
Taiwan will drop quarantine requirements for international arrivals by mid-October, while Hong Kong says it would move from hotel quarantine to stay-at-home requirements from 26 September.
Prime Minister Fumio Kishida also announced a domestic travel incentive scheme that will give discounts on travel, theme park prices, sporting events, and concerts.
Japanese residents and citizens will be eligible for an 11,000 yen subsidy.]]>https://api.spreaker.com/episode/51385311Mon, 26 Sep 2022 15:44:29 +0000Africa Business RadioJapan will open its doors back up to foreign tourists, after more than two years of closed borders due to the Covid pandemic. Tourists will be able to visit the country without a visa, and will no longer need to go through a travel agency, from 11...Tourists will be able to visit the country without a visa, and will no longer need to go through a travel agency, from 11 October.
Taiwan will drop quarantine requirements for international arrivals by mid-October, while Hong Kong says it would move from hotel quarantine to stay-at-home requirements from 26 September.
Prime Minister Fumio Kishida also announced a domestic travel incentive scheme that will give discounts on travel, theme park prices, sporting events, and concerts.
Japanese residents and citizens will be eligible for an 11,000 yen subsidy.]]>65africa_business_radio,covid_restriction,japan,news,tourismcleanfullhttps://www.spreaker.com/episode/boeing-to-pay-200m-over-737-max-statement-charges--51385310The US stock market regulator says the aviation giant and its former chief executive Dennis Muilenburg made false statements about safety issues.
SEC chairman Gary Gensler says in times of crisis and tragedy, it is especially important that public companies and executives provide full, fair, and truthful disclosures to the markets.
The SEC's statement says that both Boeing and Mr. Muilenburg did not admit or deny the regulator's findings.]]>https://api.spreaker.com/episode/51385310Mon, 26 Sep 2022 15:42:19 +0000Africa Business RadioBoeing is to pay out $200m over charges that it misled investors about two fatal 737 Max crashes. The US stock market regulator says the aviation giant and its former chief executive Dennis Muilenburg made false statements about safety issues. SEC...The US stock market regulator says the aviation giant and its former chief executive Dennis Muilenburg made false statements about safety issues.
SEC chairman Gary Gensler says in times of crisis and tragedy, it is especially important that public companies and executives provide full, fair, and truthful disclosures to the markets.
The SEC's statement says that both Boeing and Mr. Muilenburg did not admit or deny the regulator's findings.]]>59africa_business_radio,aviation,boeing,news,u.scleanfullhttps://www.spreaker.com/episode/chancellor-kwasi-kwarteng-unveils-tax-cuts--51385309Income tax and the stamp duty on home purchases will be cut and planned rises in business taxes have been scrapped.
Mr. Kwarteng says a major change of direction was needed to kick start economic growth however Labour says it would not solve the cost-of-living crisis and was a plan to reward the already wealthy
He says high tax rates damage Britain's competitiveness reducing the incentive to work and for businesses to invest.]]>https://api.spreaker.com/episode/51385309Mon, 26 Sep 2022 15:40:52 +0000Africa Business RadioChancellor Kwasi Kwarteng has unveiled the biggest package of tax cuts in 50 years, as he hailed a new era for the UK economy. Income tax and the stamp duty on home purchases will be cut and planned rises in business taxes have been scrapped. Mr....Income tax and the stamp duty on home purchases will be cut and planned rises in business taxes have been scrapped.
Mr. Kwarteng says a major change of direction was needed to kick start economic growth however Labour says it would not solve the cost-of-living crisis and was a plan to reward the already wealthy
He says high tax rates damage Britain's competitiveness reducing the incentive to work and for businesses to invest.]]>58africa_business_radio,economic_develpoment,inflation,news,recession,tax_cut,u.kcleanfullhttps://www.spreaker.com/episode/west-african-bloc-imposes-sanctions-on-guinean-junta--51385288They agreed on gradual sanctions on a list of people linked to the Guinean junta who will be identified very soon.
Guinean leaders say they need three years to return the country to democracy and they are unhappy with Ecowas' demands for a faster transition.
The Guinean interim prime minister, Bernard Gomou, had earlier described the Ecowas chief and president of neighbouring Guinea-Bissau, Umaro Sissoco Embaló, as a puppet and an overexcited man who had forced his way in to lead the regional organisation.]]>https://api.spreaker.com/episode/51385288Mon, 26 Sep 2022 15:39:12 +0000Africa Business RadioThe Economic Community of West African States has decided to impose sanctions on individuals in the military government of Guinea in response to last year's coup in Conakry. They agreed on gradual sanctions on a list of people linked to the Guinean...They agreed on gradual sanctions on a list of people linked to the Guinean junta who will be identified very soon.
Guinean leaders say they need three years to return the country to democracy and they are unhappy with Ecowas' demands for a faster transition.
The Guinean interim prime minister, Bernard Gomou, had earlier described the Ecowas chief and president of neighbouring Guinea-Bissau, Umaro Sissoco Embaló, as a puppet and an overexcited man who had forced his way in to lead the regional organisation.]]>64africa_business_radio,ecowas,guinea,news,sanctionscleanfullhttps://www.spreaker.com/episode/south-africa-signs-renewable-energy-deals-amid-outages--51385287Mineral Resources and Energy Minister Gwede Mantashe led the deal-signing event with independent producers to supply wind energy.
The country is enduring acute energy shortages, with its state energy provider, Eskom, suffering from a lack of investment amid allegations of corruption.
Coal is used to generate 80% of South African electricity but under the deal, energy output will increase by 10% through private investment in wind and solar projects.]]>https://api.spreaker.com/episode/51385287Mon, 26 Sep 2022 15:37:19 +0000Africa Business RadioSouth Africa has signed the first three agreements to increase its renewable energy supplies and reduce reliance on coal-fired power stations. Mineral Resources and Energy Minister Gwede Mantashe led the deal-signing event with independent producers...Mineral Resources and Energy Minister Gwede Mantashe led the deal-signing event with independent producers to supply wind energy.
The country is enduring acute energy shortages, with its state energy provider, Eskom, suffering from a lack of investment amid allegations of corruption.
Coal is used to generate 80% of South African electricity but under the deal, energy output will increase by 10% through private investment in wind and solar projects.]]>59africa_business_radio,news,renewable_energy,south_africacleanfullhttps://www.spreaker.com/episode/private-sector-participation-crucial-to-nigeria-s-energy-transition-plan--51385270Prof. Osinbajo highlighted the Energy Transition Plan as a comprehensive, data-driven, and evidence-based plan, designed to deal with the twin crises of climate change and energy poverty.
Prof. Osinbajo stated that the Private sector must up its participation in the transition to a Green energy journey adding that this includes greater involvement in the crucial conversations about what an economically just transition to zero emissions should be.]]>https://api.spreaker.com/episode/51385270Mon, 26 Sep 2022 15:35:32 +0000Africa Business RadioVice President Yemi Osinbajo says that more private sector participation in Nigeria’s transition to green energy is crucial as it would help the country achieve its objectives in the implementation of its Energy Transition Plan. Prof. Osinbajo...Prof. Osinbajo highlighted the Energy Transition Plan as a comprehensive, data-driven, and evidence-based plan, designed to deal with the twin crises of climate change and energy poverty.
Prof. Osinbajo stated that the Private sector must up its participation in the transition to a Green energy journey adding that this includes greater involvement in the crucial conversations about what an economically just transition to zero emissions should be.]]>63africa_business_radio,energy_transition_plan,green_energy,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-can-be-major-supply-chain-partner-to-global-economies--51385266Buhari made the declaration while speaking to captains of industry, ambassadors, and foreign investors among others at the Nigeria International Economic Partnership Forum which was held on the sidelines of the United Nations General Assembly in New York.
The President announced tax-free incentives to encourage investment in Nigeria.
He told captains of industry, ambassadors, foreign investors, and others at the Forum that his administration had facilitated fiscal investment including three to five years of tax holidays for enterprises in pioneer industries, tax-free operations, and no restrictions on expatriate quotas in Nigeria’s free trade zones.]]>https://api.spreaker.com/episode/51385266Mon, 26 Sep 2022 15:32:48 +0000Africa Business RadioPresident Muhammadu Buhari believes Nigeria can be a major international supply chain partner to global economies like the United States. Buhari made the declaration while speaking to captains of industry, ambassadors, and foreign investors among...Buhari made the declaration while speaking to captains of industry, ambassadors, and foreign investors among others at the Nigeria International Economic Partnership Forum which was held on the sidelines of the United Nations General Assembly in New York.
The President announced tax-free incentives to encourage investment in Nigeria.
He told captains of industry, ambassadors, foreign investors, and others at the Forum that his administration had facilitated fiscal investment including three to five years of tax holidays for enterprises in pioneer industries, tax-free operations, and no restrictions on expatriate quotas in Nigeria’s free trade zones.]]>70africa_business_radio,global_economy,news,nigeria,supply_chaincleanfullhttps://www.spreaker.com/episode/emirates-united-airlines-sign-partnership-agreement--51385257Emirates’ passengers flying into Chicago, San Francisco, and Houston will be able to easily connect to United flights to and from nearly 200 cities across the Americas on a single ticket. Starting November,
Emirates and United announced their agreement at Dulles International Airport, hosted by United CEO, Scott Kirby, and Emirates President, Sir Tim Clark, featuring United and Emirates Boeing 777-300ER aircraft and flight crews from each carrier.]]>https://api.spreaker.com/episode/51385257Mon, 26 Sep 2022 15:29:59 +0000Africa Business RadioEmirates Airlines and United Airlines have announced a commercial agreement that will enhance each other's network and give their customers easier access to many new destinations within the United States and around the world. Emirates’ passengers...Emirates’ passengers flying into Chicago, San Francisco, and Houston will be able to easily connect to United flights to and from nearly 200 cities across the Americas on a single ticket. Starting November,
Emirates and United announced their agreement at Dulles International Airport, hosted by United CEO, Scott Kirby, and Emirates President, Sir Tim Clark, featuring United and Emirates Boeing 777-300ER aircraft and flight crews from each carrier.]]>66africa_business_radio,emirates,news,united_airlinescleanfullhttps://www.spreaker.com/episode/nigeria-in-needs-of-help-to-tackle-debt-burden--51385253He says financing was critical to solving Nigeria’s development challenges.
He says financing is critical because the debt to GDP ratio of Africa has increased to 70 percent several countries are the risk of high debt distress due to unstable, unsustainable debt levels.
He further stressed that Nigeria and other African countries needed debt relief.]]>https://api.spreaker.com/episode/51385253Mon, 26 Sep 2022 14:21:04 +0000Africa Business RadioThe president of the African Development Bank, Akinwumi Adesina, says Nigeria needs help in tackling its debt burden. He says financing was critical to solving Nigeria’s development challenges. He says financing is critical because the debt to GDP...He says financing was critical to solving Nigeria’s development challenges.
He says financing is critical because the debt to GDP ratio of Africa has increased to 70 percent several countries are the risk of high debt distress due to unstable, unsustainable debt levels.
He further stressed that Nigeria and other African countries needed debt relief.]]>51africa,africa_business_radio,debt_burden,debt_relief,gdp,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-warned-against-rate-hikes--51385252The Washington-based bank says the currently expected trajectory of interest-rate increases and other policy actions might not be sufficient to bring global inflation back down to levels seen before the pandemic.
The report shows that unless supply disruptions and labor-market pressures subsided, those interest-rate increases could leave the global core inflation rate at about 5 percent in 2023—nearly double the five-year average before the pandemic.]]>https://api.spreaker.com/episode/51385252Mon, 26 Sep 2022 14:19:25 +0000Africa Business RadioThe World Bank Group has warned Nigeria as well as other developing economies that simultaneous rate hikes in response to increasing inflationary pressure may trigger a global recession and a string of financial crises. The Washington-based bank says...The Washington-based bank says the currently expected trajectory of interest-rate increases and other policy actions might not be sufficient to bring global inflation back down to levels seen before the pandemic.
The report shows that unless supply disruptions and labor-market pressures subsided, those interest-rate increases could leave the global core inflation rate at about 5 percent in 2023—nearly double the five-year average before the pandemic.]]>63africa_business_radio,interest_rate,news,nigeria,rate_hike,world_bankcleanfullhttps://www.spreaker.com/episode/north-korea-denies-exporting-weapons-to-russia--51353056A senior official at the ministry’s equipment bureau says they have never exported weapons or ammunition to Russia before and we will not plan to export them.
White House National Security Council spokesperson John Kirby says that the U.S. had no evidence that any sales had actually taken place.
Military experts believe that the Russian military continues to suffer from severe supply shortages in Ukraine, probably as a result of sanctions and export controls.]]>https://api.spreaker.com/episode/51353056Fri, 23 Sep 2022 10:43:20 +0000Africa Business RadioThe Defence Ministry in Pyongyang says that Washington and hostile forces had spread a rumor of arms dealings aimed at tarnishing North Korea’s image. A senior official at the ministry’s equipment bureau says they have never exported weapons or...A senior official at the ministry’s equipment bureau says they have never exported weapons or ammunition to Russia before and we will not plan to export them.
White House National Security Council spokesperson John Kirby says that the U.S. had no evidence that any sales had actually taken place.
Military experts believe that the Russian military continues to suffer from severe supply shortages in Ukraine, probably as a result of sanctions and export controls.]]>72africa_business_radio,news,north_korea,russia,weaponscleanfullhttps://www.spreaker.com/episode/iran-has-strong-will-to-resolve-nuclear-issue--51353055The Iranian presidency, Raisi says Iran accepted an agreement in 2015 in good faith and with a solid intention, but the United States was breaking its promise and imposing sanctions, the most unprecedented sanctions in history.
He says Iran’s negotiation logic is adherence to commitments]]>https://api.spreaker.com/episode/51353055Fri, 23 Sep 2022 10:41:42 +0000Africa Business RadioIranian President Ebrahim Raisi says Tehran has a strong will to resolve issues regarding an agreement on the revival of a 2015 nuclear deal fairly if the Iranian nation’s interests are guaranteed. The Iranian presidency, Raisi says Iran accepted an...The Iranian presidency, Raisi says Iran accepted an agreement in 2015 in good faith and with a solid intention, but the United States was breaking its promise and imposing sanctions, the most unprecedented sanctions in history.
He says Iran’s negotiation logic is adherence to commitments]]>80africa_business_radio,iran,news,nuclear_issuescleanfullhttps://www.spreaker.com/episode/kenyan-court-due-to-hear-case-against-meta--51353053The petition filed against a local outsourcing firm, Samasource Kenya EPZ, also known as Sama, alleges that staff moderating content on Facebook are subjected to unfavorable working conditions such as poor pay, inadequate mental health support, and violations of privacy and dignity.
The court will determine if Meta can be tried in Kenya since the 12 petitioners were working for a third-party firm that it was using for moderation services.
Meta made an application in June seeking to have the case thrown out, arguing that the court had no jurisdiction to determine it - since the company is not based in Kenya.]]>https://api.spreaker.com/episode/51353053Fri, 23 Sep 2022 10:40:03 +0000Africa Business RadioA Kenyan court is due to hear submissions in a case where a former Facebook content moderator has sued the American social media giant's parent company, Meta, over alleged poor working conditions. The petition filed against a local outsourcing firm,...The petition filed against a local outsourcing firm, Samasource Kenya EPZ, also known as Sama, alleges that staff moderating content on Facebook are subjected to unfavorable working conditions such as poor pay, inadequate mental health support, and violations of privacy and dignity.
The court will determine if Meta can be tried in Kenya since the 12 petitioners were working for a third-party firm that it was using for moderation services.
Meta made an application in June seeking to have the case thrown out, arguing that the court had no jurisdiction to determine it - since the company is not based in Kenya.]]>67africa_business_radio,facebook,kenya,meta,news,nigeriacleanfullhttps://www.spreaker.com/episode/zambia-s-president-vows-to-remove-insult-law--51353052It follows an outcry from rights groups who say about a dozen people, including opposition activists, have been arrested and charged for breaking the law during President Hichilema’s first year in office.
Mr. Hichilema pledged a break from the past when he took office last year. His successes included halving inflation, receiving a billion-dollar IMF bailout, and introducing lower taxes and free education.
Critics however say despite an election promise to do so, the government has been slow to abolish the colonial-era insult law often used to silence critics.]]>https://api.spreaker.com/episode/51353052Fri, 23 Sep 2022 10:38:10 +0000Africa Business RadioZambian President Hakainde Hichilema says he will push for the scrapping of a controversial law that criminalizes insulting the president. It follows an outcry from rights groups who say about a dozen people, including opposition activists, have been...It follows an outcry from rights groups who say about a dozen people, including opposition activists, have been arrested and charged for breaking the law during President Hichilema’s first year in office.
Mr. Hichilema pledged a break from the past when he took office last year. His successes included halving inflation, receiving a billion-dollar IMF bailout, and introducing lower taxes and free education.
Critics however say despite an election promise to do so, the government has been slow to abolish the colonial-era insult law often used to silence critics.]]>70africa,africa_business_radio,controversial_law,news,zambiacleanfullhttps://www.spreaker.com/episode/nigerian-economic-summit-group-reschedules-economic-summit--51353048The group said it made the difficult decision to reschedule the summit after close consultations with key stakeholders, including the Federal Ministry of Finance, Budget, and National Planning.
It attributed the postponement to unforeseen circumstances regretting the inconveniences the rescheduling might cause all stakeholders preparing for the summit.]]>https://api.spreaker.com/episode/51353048Fri, 23 Sep 2022 10:36:11 +0000Africa Business RadioThe Nigerian Economic Summit Group said it has rescheduled its 28th summit adding that the summit scheduled to take place in October had been shifted to November. The group said it made the difficult decision to reschedule the summit after close...The group said it made the difficult decision to reschedule the summit after close consultations with key stakeholders, including the Federal Ministry of Finance, Budget, and National Planning.
It attributed the postponement to unforeseen circumstances regretting the inconveniences the rescheduling might cause all stakeholders preparing for the summit.]]>65africa_business_radio,economic_group_summit,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-court-sets-aside-consent-judgement-on-payment-of-47m-paris-club-refund--51353037Justice Tsoho held that the said consent judgment was entered without jurisdiction in its entirety.
The company is one of the beneficiaries of the payment of $418 million to consultants and is said to be for payment for professional services in the Paris Club refund to State Governments. \
The state governors had accused the Attorney-general of the Federation (AGF), Abubakar Malami, of alleged involvement in the controversial payment
By the ruling, all approvals by the AGF, the president, the minister of finance, the Accountant-General of the Federation, and the Debt Management Office (DMO) arising from, related to, or concerning Panic Alert’s claims have been voided.]]>https://api.spreaker.com/episode/51353037Fri, 23 Sep 2022 10:34:19 +0000Africa Business RadioThe Chief Judge of the Federal High Court Abuja, Justice John Tsoho, has set aside a consent judgment in favor of Panic Alert Security Systems Limited against the Nigeria Governors’ Forum. Justice Tsoho held that the said consent judgment was...Justice Tsoho held that the said consent judgment was entered without jurisdiction in its entirety.
The company is one of the beneficiaries of the payment of $418 million to consultants and is said to be for payment for professional services in the Paris Club refund to State Governments. \
The state governors had accused the Attorney-general of the Federation (AGF), Abubakar Malami, of alleged involvement in the controversial payment
By the ruling, all approvals by the AGF, the president, the minister of finance, the Accountant-General of the Federation, and the Debt Management Office (DMO) arising from, related to, or concerning Panic Alert’s claims have been voided.]]>86africa_business_radio,news,nigeria,paris_club_refundcleanfullhttps://www.spreaker.com/episode/nigerian-government-battles-gas-leakage-at-rivers-facility--51353036The Chief Executive, Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, says that the NUPRC, National Oil Spill Detection and Response Agency, Rivers State Ministry of Environment as well as community representatives and the Nigerian Police Force were working to deal with the leak.
Komolafe, says the NUPRC has been notified of a gas leak incident on NPDC’s Well 6, in Sangama community, Bonny Local Government Area of Rivers State.
The NUPRC boss stated that during the joint visit, the team observed a gas leak from one of the valves on the wellhead.
He, however, stated that the community did not agree with the regulators and as a result, would not sign the joint investigation report in spite of the technical explanation by the team.]]>https://api.spreaker.com/episode/51353036Fri, 23 Sep 2022 10:32:00 +0000Africa Business RadioThree agencies of the Federal Government, alongside the Ministry of Environment in Rivers State, are currently making efforts to address a gas leak incident on the Nigerian Petroleum Development Company’s Well 6, in Sangama community, Bonny Local...The Chief Executive, Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, says that the NUPRC, National Oil Spill Detection and Response Agency, Rivers State Ministry of Environment as well as community representatives and the Nigerian Police Force were working to deal with the leak.
Komolafe, says the NUPRC has been notified of a gas leak incident on NPDC’s Well 6, in Sangama community, Bonny Local Government Area of Rivers State.
The NUPRC boss stated that during the joint visit, the team observed a gas leak from one of the valves on the wellhead.
He, however, stated that the community did not agree with the regulators and as a result, would not sign the joint investigation report in spite of the technical explanation by the team.]]>94africa_business_radio,gas_leak,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-governor-faults-power-sector-privatization--51353032He says clear roadmaps for structural reforms set up by the Obasanjo government in the electrical, power, and oil and gas sectors were protracted or abandoned by his immediate successors.
El Rufai, says investments in power generation and transmission infrastructure that were initiated by the Obasanjo government were either put on hold between 2007 and 2010 or largely dumped.
The Kaduna state governor also says the first version of the electricity industry bill initiated by him was not put into law.]]>https://api.spreaker.com/episode/51353032Fri, 23 Sep 2022 10:29:24 +0000Africa Business RadioKaduna State Governor, Nasir El Rufai, has faulted the power sector privatization, saying that Nigeria has lost nearly 15 years of energy sector investment. He says clear roadmaps for structural reforms set up by the Obasanjo government in the...He says clear roadmaps for structural reforms set up by the Obasanjo government in the electrical, power, and oil and gas sectors were protracted or abandoned by his immediate successors.
El Rufai, says investments in power generation and transmission infrastructure that were initiated by the Obasanjo government were either put on hold between 2007 and 2010 or largely dumped.
The Kaduna state governor also says the first version of the electricity industry bill initiated by him was not put into law.]]>66africa_business_radio,energy_sector,news,nigeria,power_sectorcleanfullhttps://www.spreaker.com/episode/nigeria-eyes-organization-for-economic-cooperation-and-development-membership-to-boost-seeds-export--51353030The Director-General, NASC, Dr. Philip Ojo, said Nigeria’s seeds would be sold globally with ease once the country attained the status of an OECD membership, noting that this would halt all forms of seed dumping in Nigeria.
Ojo stated the professionals from OECD would assess Nigeria’s facilities after the workshop and expressed optimism that the country would scale through.]]>https://api.spreaker.com/episode/51353030Fri, 23 Sep 2022 10:28:11 +0000Africa Business RadioThe Federal Government through its National Agricultural Seeds Council has commenced moves to make Nigeria a full member of the Organization for Economic Cooperation and Development in order to boost the country’s export of seeds. The...The Director-General, NASC, Dr. Philip Ojo, said Nigeria’s seeds would be sold globally with ease once the country attained the status of an OECD membership, noting that this would halt all forms of seed dumping in Nigeria.
Ojo stated the professionals from OECD would assess Nigeria’s facilities after the workshop and expressed optimism that the country would scale through.]]>74africa_business_radio,agriculture,economic_development,news,nigeriacleanfullhttps://www.spreaker.com/episode/tunisian-president-s-new-electoral-law-reduces-parties-sway--51335274Under the new law, voters will choose candidates in the December 17 election individually rather than by selecting a single party list – a switch that will weaken the influence of parties.
President Kais Saied says they are passing through a new stage in the history of Tunisia towards the sovereignty of the people after previous sham elections.
He says political parties were not being excluded and such accusations constituted lies and fabrications.]]>https://api.spreaker.com/episode/51335274Wed, 21 Sep 2022 16:47:55 +0000Africa Business RadioTunisia’s president issued an electoral law reducing but not ending the role of political parties in a reformed parliament that will have fewer powers under a constitution passed in July. Under the new law, voters will choose candidates in the...Under the new law, voters will choose candidates in the December 17 election individually rather than by selecting a single party list – a switch that will weaken the influence of parties.
President Kais Saied says they are passing through a new stage in the history of Tunisia towards the sovereignty of the people after previous sham elections.
He says political parties were not being excluded and such accusations constituted lies and fabrications.]]>59africa,africa_business_radio,news,tunisiacleanfullhttps://www.spreaker.com/episode/tanzania-minister-european-union-parliament-at-loggerheads-over-right-to-resources--51335272He told the BBC that Tanzania like many other countries in the world is entitled to use its resources the same way industrialized countries do for their people.
The EU parliament resolution passed warned of human rights abuses and the social and environmental risk posed by the Eacop project.
Uganda’s Deputy Speaker criticized the resolution, describing it as based on misinformation and deliberate misrepresentation of key facts on environment and human rights protection.]]>https://api.spreaker.com/episode/51335272Wed, 21 Sep 2022 16:46:54 +0000Africa Business RadioTanzania’s Energy Minister Januari Makamba has joined Uganda's parliament in criticizing a European Union parliament resolution calling on the two countries to stop developing their oil and gas projects in the East African region. He told the BBC...He told the BBC that Tanzania like many other countries in the world is entitled to use its resources the same way industrialized countries do for their people.
The EU parliament resolution passed warned of human rights abuses and the social and environmental risk posed by the Eacop project.
Uganda’s Deputy Speaker criticized the resolution, describing it as based on misinformation and deliberate misrepresentation of key facts on environment and human rights protection.]]>65africa,africa_business_radio,european_union,human_right,news,tanzaniacleanfullhttps://www.spreaker.com/episode/imf-ranks-nigeria-11th-country-with-highest-private-savings-in-africa--51335270The report says private savings in Nigeria increased from about 19 percent in 2019 to about 24 percent in 2022.
It noted that savings were the most important source of financing for Nigerian households’ survival during COVID-19, followed by loans, goodwill, and working.
The IMF stated that the private saving rate in SSA increased during the last two decades to an average rate of 17.3 percent in 2019 from 11.5 percent in 1983.
The International Monetary Fund has ranked Nigeria as the 11th country with the highest private savings in the sub-Saharan Africa region, placing Angola in the number one spot.
The report says private savings in Nigeria increased from about 19 per cent in 2019 to about 24 per cent in 2022.
It noted that savings were the most important source of financing for Nigerian households’ survival during COVID-19, followed by loans, goodwill, and working.
The IMF stated that the private saving rate in SSA increased during the last two decades to an average rate of 17.3 per cent in 2019 from 11.5 percent in 1983.]]>https://api.spreaker.com/episode/51335270Wed, 21 Sep 2022 16:44:56 +0000Africa Business RadioThe International Monetary Fund has ranked Nigeria as the 11th country with the highest private savings in the sub-Saharan Africa region, placing Angola in the number one spot. The report says private savings in Nigeria increased from about 19...The report says private savings in Nigeria increased from about 19 percent in 2019 to about 24 percent in 2022.
It noted that savings were the most important source of financing for Nigerian households’ survival during COVID-19, followed by loans, goodwill, and working.
The IMF stated that the private saving rate in SSA increased during the last two decades to an average rate of 17.3 percent in 2019 from 11.5 percent in 1983.
The International Monetary Fund has ranked Nigeria as the 11th country with the highest private savings in the sub-Saharan Africa region, placing Angola in the number one spot.
The report says private savings in Nigeria increased from about 19 per cent in 2019 to about 24 per cent in 2022.
It noted that savings were the most important source of financing for Nigerian households’ survival during COVID-19, followed by loans, goodwill, and working.
The IMF stated that the private saving rate in SSA increased during the last two decades to an average rate of 17.3 per cent in 2019 from 11.5 percent in 1983.]]>62africa,africa_business_radio,imf,news,nigeria,private_savingscleanfullhttps://www.spreaker.com/episode/nigerian-government-suspends-third-airline-as-aviation-crisis-persists--51335268The Director General of the Nigeria Civil Aviation Authority, Captain Musa Nuhu, says that the agency was withholding the Air Transport License of Azman Air till it provided the required documentation for its operational licenses’ renewal and sign a Memorandum of Understanding on how it would remit its legacy debt accrued from the collection of Passenger Service Charge.
Nuhu says the Azman Air must sign the MOU to negotiate its debt remittance, which was part of the N42bn and $7.8m debts in PSC, and also provide Tax Clearance as one of the documentation for its ATL.]]>https://api.spreaker.com/episode/51335268Wed, 21 Sep 2022 16:41:37 +0000Africa Business RadioThe Federal Government has suspended Azman Air, two months after grounding Aero Contractors and Dana Air, reflecting the crisis in the aviation sector. The Director General of the Nigeria Civil Aviation Authority, Captain Musa Nuhu, says that the...The Director General of the Nigeria Civil Aviation Authority, Captain Musa Nuhu, says that the agency was withholding the Air Transport License of Azman Air till it provided the required documentation for its operational licenses’ renewal and sign a Memorandum of Understanding on how it would remit its legacy debt accrued from the collection of Passenger Service Charge.
Nuhu says the Azman Air must sign the MOU to negotiate its debt remittance, which was part of the N42bn and $7.8m debts in PSC, and also provide Tax Clearance as one of the documentation for its ATL.]]>67africa_business_radio,aviation_sector,azma_air,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-pays-311m-abacha-loot-directly-to-contractors--51335266It says the direct payment was to prevent the National Assembly and the Ministries, Departments, and Agencies from diverting the money.
Senior Special Assistant to President Muhammadu Buhari on Public Affairs, Ajuri Ngelale, says the country would not be able to expand its revenue base without putting the infrastructure on the ground.
Ngelale explained that considering the infrastructure deficit in the country, the Buhari government devised innovative ways to finance, to bridge 50 years of infrastructure neglect in the country.]]>https://api.spreaker.com/episode/51335266Wed, 21 Sep 2022 16:40:11 +0000Africa Business RadioThe presidency revealed that the $311 million loot by the late former military Head of State, General Sani Abacha, which was repatriated to the country, had been paid directly to contractors for various jobs executed for the government. It says the...It says the direct payment was to prevent the National Assembly and the Ministries, Departments, and Agencies from diverting the money.
Senior Special Assistant to President Muhammadu Buhari on Public Affairs, Ajuri Ngelale, says the country would not be able to expand its revenue base without putting the infrastructure on the ground.
Ngelale explained that considering the infrastructure deficit in the country, the Buhari government devised innovative ways to finance, to bridge 50 years of infrastructure neglect in the country.]]>67abacha_loot,africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/seven-million-nigerians-sue-inec-over-failure-to-allow-them-complete-voter-registration--51335263The Plaintiffs are seeking an order of mandamus to direct and compel INEC to re-activate its continuous voter's registration exercise to allow the Plaintiffs to complete their registration and collect their Permanent Voters’ Cards.
The Plaintiffs are also seeking an order of mandamus to direct and compel INEC to provide adequate facilities and deploy personnel to the registration units of the Plaintiffs to enable them complete their registration and collect their PVCs.]]>https://api.spreaker.com/episode/51335263Wed, 21 Sep 2022 16:37:56 +0000Africa Business RadioTwenty-four Nigerians have filed a lawsuit against the Independent National Electoral Commission for failing to give them and the other seven million Nigerians adequate time and opportunity to complete their voter registration after they have carried...The Plaintiffs are seeking an order of mandamus to direct and compel INEC to re-activate its continuous voter's registration exercise to allow the Plaintiffs to complete their registration and collect their Permanent Voters’ Cards.
The Plaintiffs are also seeking an order of mandamus to direct and compel INEC to provide adequate facilities and deploy personnel to the registration units of the Plaintiffs to enable them complete their registration and collect their PVCs.]]>622023_election,africa_business_radio,inec,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-inflation-rate-rises-to-20-52-in-august--51335258The Bureau stated that in August 2022, on a year–on–year basis, the headline inflation rate was 20.52%.
This was 3.52% points higher compared to the rate recorded in August 2021, which was 17.01%.
The percentage change in the average CPI for the twelve months period ending August 2022 over the average of the CPI for the previous twelve months period was 17.07%, showing a 0.47% increase compared to 16.60% recorded in August 2021.]]>https://api.spreaker.com/episode/51335258Wed, 21 Sep 2022 16:30:48 +0000Africa Business RadioThe National Bureau of Statistics says Nigeria’s inflation rate rose to 20.52 per cent in August 2022. The Bureau stated that in August 2022, on a year–on–year basis, the headline inflation rate was 20.52%. This was 3.52% points higher compared to...The Bureau stated that in August 2022, on a year–on–year basis, the headline inflation rate was 20.52%.
This was 3.52% points higher compared to the rate recorded in August 2021, which was 17.01%.
The percentage change in the average CPI for the twelve months period ending August 2022 over the average of the CPI for the previous twelve months period was 17.07%, showing a 0.47% increase compared to 16.60% recorded in August 2021.]]>69africa_business_radio,inflation,news,nigeriacleanfullhttps://www.spreaker.com/episode/google-loses-challenge-against-eu-antitrust-decision--51278663The Unit of U.S. Tech giant alphabet had challenged an earlier ruling, but the decision was broadly upheld by Europe's second-highest court in ruling and the fine was reduced only modestly from 4.34 billion euros.
The EU antitrust enforcer has imposed a total of 8.25 billion euros in antitrust fines on the world’s most popular internet search engine in three investigations stretching back more than a decade.]]>https://api.spreaker.com/episode/51278663Fri, 16 Sep 2022 08:43:25 +0000Africa Business RadioGoogle suffered one of its biggest setbacks when a top European court fined it 4.125 billion euros for using its Android mobile operating system to thwart rivals, offering a precedent for other regulators to ratchet up the pressure. The Unit of U.S....The Unit of U.S. Tech giant alphabet had challenged an earlier ruling, but the decision was broadly upheld by Europe's second-highest court in ruling and the fine was reduced only modestly from 4.34 billion euros.
The EU antitrust enforcer has imposed a total of 8.25 billion euros in antitrust fines on the world’s most popular internet search engine in three investigations stretching back more than a decade.]]>60africa_business_radio,anti_trust_decision,eu,google,newscleanfullhttps://www.spreaker.com/episode/the-us-considers-china-sanctions-to-deter-taiwan-action--51278661The sources say the deliberations in Washington and Taipei's separate lobbying of EU envoys were both at an early stage a response to fears of a Chinese invasion which have grown as military tensions escalate in the Taiwan Strait.
They said the idea is to adopt sanctions beyond measures already taken in the west to restrict some trade and investment with China in sensitive technologies like computer chips and telecoms equipment.]]>https://api.spreaker.com/episode/51278661Fri, 16 Sep 2022 08:39:52 +0000Africa Business RadioThe United States is considering options for a sanctions package against China to deter it from invading Taiwan, with the European Union coming under diplomatic pressure from Taipei to do the same. The sources say the deliberations in Washington and...The sources say the deliberations in Washington and Taipei's separate lobbying of EU envoys were both at an early stage a response to fears of a Chinese invasion which have grown as military tensions escalate in the Taiwan Strait.
They said the idea is to adopt sanctions beyond measures already taken in the west to restrict some trade and investment with China in sensitive technologies like computer chips and telecoms equipment.]]>55africa_business_radio,china,news,taiwan,u.scleanfullhttps://www.spreaker.com/episode/twitter-shareholders-approve-44bn-musk-deal--51278660The meeting followed explosive testimony from twitter's former head of security Peiter Zatko in front of the US Senate.
Musk says he no longer wished to purchase the company in May, but twitter argues that he cannot back out of the deal.]]>https://api.spreaker.com/episode/51278660Fri, 16 Sep 2022 08:36:13 +0000Africa Business RadioTwitter's shareholders have voted to approve a deal with Elon musk to buy the company for $44bn which means Twitter will now try to force Elon musk to buy the company in the courts. The meeting followed explosive testimony from twitter's former head...The meeting followed explosive testimony from twitter's former head of security Peiter Zatko in front of the US Senate.
Musk says he no longer wished to purchase the company in May, but twitter argues that he cannot back out of the deal.]]>44africa_business_radio,elon_musk,news,twittercleanfullhttps://www.spreaker.com/episode/kenya-s-president-ruto-to-sign-executive-order-giving-police-financial-autonomy--51278659President Ruto says that the constitution provides for the IG to exercise independent command over the NPS.
The head of state however says that the operational autonomy of the office of IG has been undermined by what he described as the continued financial dependence on the office of the president.
President Ruto further assured all public servants that his administration will respect their professional service noting that an era of intimidation had come to an end.]]>https://api.spreaker.com/episode/51278659Fri, 16 Sep 2022 08:29:18 +0000Africa Business RadioPresident William Ruto is set to sign an executive order giving the national police service financial autonomy with the inspector general as the accounting officer. President Ruto says that the constitution provides for the IG to exercise...President Ruto says that the constitution provides for the IG to exercise independent command over the NPS.
The head of state however says that the operational autonomy of the office of IG has been undermined by what he described as the continued financial dependence on the office of the president.
President Ruto further assured all public servants that his administration will respect their professional service noting that an era of intimidation had come to an end.]]>54africa_business_radio,financial_autonomy,kenya,news,policecleanfullhttps://www.spreaker.com/episode/uber-bolt-to-resume-tanzania-services-after-talks--51278655Uber suspended their services in April, whereas bolt decided to switch to only-corporate clients in august after the government’s regulatory changes were enforced in march.
Tanzania's transport regulatory authority's director Habibu Suluo says the companies' challenges had been sorted out following a meeting with the government.
He says the agreement was favourable to both companies and members of the Tanzania online taxi drivers' association.]]>https://api.spreaker.com/episode/51278655Fri, 16 Sep 2022 08:27:36 +0000Africa Business RadioTanzania’s government has announced the resumption of uber and bolt ride-hailing services after weeks of controversy over the fate of the two companies. Uber suspended their services in April, whereas bolt decided to switch to only-corporate clients...Uber suspended their services in April, whereas bolt decided to switch to only-corporate clients in august after the government’s regulatory changes were enforced in march.
Tanzania's transport regulatory authority's director Habibu Suluo says the companies' challenges had been sorted out following a meeting with the government.
He says the agreement was favourable to both companies and members of the Tanzania online taxi drivers' association.]]>53africa_business_radio,bolt,news,tanzania,ubercleanfullhttps://www.spreaker.com/episode/new-kenyan-president-signals-end-of-subsidies--51278654President Ruto appointed six judges nominated by the judicial service commission three years ago, who Mr Kenyatta had snubbed on claims they were tainted.
The new president also indicated that he would scrap food and fuel subsidies. He says they were costly and ineffective.
Mr Ruto says all cargo clearance would be reverted to Mombasa port - A roll back to Mr. Kenyatta's order that saw port services transferred to Naivasha to ensure repayment of A Chinese loan taken for the construction of A railway between the port of Mombasa and the capital, nairobi.]]>https://api.spreaker.com/episode/51278654Fri, 16 Sep 2022 08:25:26 +0000Africa Business RadioKenya's president William Ruto gave orders to reverse some of the policies of his predecessor, Uhuru Kenyatta. President Ruto appointed six judges nominated by the judicial service commission three years ago, who Mr Kenyatta had snubbed on claims...President Ruto appointed six judges nominated by the judicial service commission three years ago, who Mr Kenyatta had snubbed on claims they were tainted.
The new president also indicated that he would scrap food and fuel subsidies. He says they were costly and ineffective.
Mr Ruto says all cargo clearance would be reverted to Mombasa port - A roll back to Mr. Kenyatta's order that saw port services transferred to Naivasha to ensure repayment of A Chinese loan taken for the construction of A railway between the port of Mombasa and the capital, nairobi.]]>61africa_business_radio,kenya,news,subsidy_removalcleanfullhttps://www.spreaker.com/episode/nigeria-s-electoral-commission-delists-a-million-newly-registered-voters--51278651Those affected had registered between June last year and January this year in order to acquire permanent voters' cards.
The independent national electoral commission says during that period 2,523,458 people registered but records of 1,126,359 registrants were discovered to be invalid and subsequently delisted.
The commission, explained that it was using an automated biometric identification system in verifying the voter register.]]>https://api.spreaker.com/episode/51278651Fri, 16 Sep 2022 08:22:08 +0000Africa Business RadioNigeria's electoral commission says it has delisted more than A million newly registered voters after A verification process and cleaning up its voters' register. Those affected had registered between June last year and January this year in order to...Those affected had registered between June last year and January this year in order to acquire permanent voters' cards.
The independent national electoral commission says during that period 2,523,458 people registered but records of 1,126,359 registrants were discovered to be invalid and subsequently delisted.
The commission, explained that it was using an automated biometric identification system in verifying the voter register.]]>582023_election,africa_business_radio,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-rejects-n6trn-tax-import-duties-waivers-in-2023-proposed-budget--51278650The chairman of the senate panel, senator Solomon Adeola says that both the projected N12.43 trillion budget deficit and the n6trillion tax and import duty waivers should be critically reviewed downward before sending the proposals to the national assembly for consideration and approval.
He also told the minister to look into the list of beneficiaries of the waivers for the required downward review to N3 trillion in order to give room for the reduction of the N12.43 trillion deficit figure.]]>https://api.spreaker.com/episode/51278650Fri, 16 Sep 2022 08:18:23 +0000Africa Business RadioThe Senate rejected the 2023-2025 medium-term expenditure framework and fiscal strategy paper which proposed A N6 trillion tax and import duties waivers proposed for in the N19.76 trillion 2023 budget which also contained A deficit of N12.4 trillion....The chairman of the senate panel, senator Solomon Adeola says that both the projected N12.43 trillion budget deficit and the n6trillion tax and import duty waivers should be critically reviewed downward before sending the proposals to the national assembly for consideration and approval.
He also told the minister to look into the list of beneficiaries of the waivers for the required downward review to N3 trillion in order to give room for the reduction of the N12.43 trillion deficit figure.]]>67africa_business_radio,lawmakers,news,tax_import_waviercleanfullhttps://www.spreaker.com/episode/nigeria-s-presidential-candidate-proposes-10bn-economic-stimulus-fund-for-msme-s--51278648Atiku says the fund would prioritise support to micro, small and medium-scale enterprises that offer the greatest opportunity for inclusive economic growth.
Atiku says he would rather privatize Nigeria's dilapidated refineries rather than spend $1.55 billion on their revitalization.
He added that he would stop all financial support to ailing public enterprises and over the medium term will propose legislation for the removal of the entire electricity value chain from the exclusive list and give states the power to generate, transmit and distribute electricity for themselves.]]>https://api.spreaker.com/episode/51278648Fri, 16 Sep 2022 08:09:02 +0000Africa Business RadioPresidential candidate of the people's democratic party, Atiku Abubakar, says he would resuscitate Nigeria's ailing economy by launching A $10 billion economic stimulus fund within his first 100 days in office if he wins the 2023 presidential...Atiku says the fund would prioritise support to micro, small and medium-scale enterprises that offer the greatest opportunity for inclusive economic growth.
Atiku says he would rather privatize Nigeria's dilapidated refineries rather than spend $1.55 billion on their revitalization.
He added that he would stop all financial support to ailing public enterprises and over the medium term will propose legislation for the removal of the entire electricity value chain from the exclusive list and give states the power to generate, transmit and distribute electricity for themselves.]]>70africa_business_radio,economic_stimulus_fund,news,nigeriacleanfullhttps://www.spreaker.com/episode/the-us-plans-12bn-for-climate-action-in-nigeria--51278646US special presidential envoy for climate, John Kerry, stated that Nigeria was one of the nations in Africa that would suffer the most from the climate crisis if nothing serious was done to avert the consequences of climate change.
He also noted that the country, alongside others, would benefit from $12bn for climate action by the united states government.]]>https://api.spreaker.com/episode/51278646Fri, 16 Sep 2022 08:00:43 +0000Africa Business RadioThe United States government signed various agreements with the federal ministries of environment, petroleum resources, agriculture and rural development on measures to mitigate the crisis posed by climate change in Nigeria and globally. US special...US special presidential envoy for climate, John Kerry, stated that Nigeria was one of the nations in Africa that would suffer the most from the climate crisis if nothing serious was done to avert the consequences of climate change.
He also noted that the country, alongside others, would benefit from $12bn for climate action by the united states government.]]>54africa_business_radio,climate_action,news,nigeria,u.scleanfullhttps://www.spreaker.com/episode/nigerian-banks-urged-to-take-opportunity-of-afcta-s-n3-4tn--51278644Nigeria’s president Muhammadu Buhari says an expanding infrastructure and a growing financial technology were also new opportunities which players in the Nigerian finance industry could leverage to boost revenue and multiply jobs.
He further said that the industry had an opportunity to deploy innovations in fintech for the extension of financial services to the under-served population while expanding the product space by leveraging the opportunities provided by other digital trading platforms such as warehousing, collateral management and crowd-funding.]]>https://api.spreaker.com/episode/51278644Fri, 16 Sep 2022 07:53:22 +0000Africa Business RadioThe federal government says the African continental free trade area has opened up opportunities for the Nigerian financial industry. Nigeria’s president Muhammadu Buhari says an expanding infrastructure and a growing financial technology were also...Nigeria’s president Muhammadu Buhari says an expanding infrastructure and a growing financial technology were also new opportunities which players in the Nigerian finance industry could leverage to boost revenue and multiply jobs.
He further said that the industry had an opportunity to deploy innovations in fintech for the extension of financial services to the under-served population while expanding the product space by leveraging the opportunities provided by other digital trading platforms such as warehousing, collateral management and crowd-funding.]]>59africa,africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/uk-unemployment-at-lowest-rate-for-48-years--51255783The Office for National Statistics says the jobless rate fell to 3.6% over the period however, the squeeze on pay remains, with rises in regular pay failing to keep up with the rising cost of living.
Inflation remains at a 40-year high of 10.1%. The latest inflation figure, due out on Wednesday, is forecast to be higher.]]>https://api.spreaker.com/episode/51255783Wed, 14 Sep 2022 14:44:18 +0000Africa Business RadioThe UK's unemployment rate fell to its lowest level since 1974 in the three months to July, the latest official figures show. The Office for National Statistics says the jobless rate fell to 3.6% over the period however, the squeeze on pay remains,...The Office for National Statistics says the jobless rate fell to 3.6% over the period however, the squeeze on pay remains, with rises in regular pay failing to keep up with the rising cost of living.
Inflation remains at a 40-year high of 10.1%. The latest inflation figure, due out on Wednesday, is forecast to be higher.]]>48africa_busines_radio,news,u.k,unemploymentcleanfullhttps://www.spreaker.com/episode/trump-lawyers-reject-justice-department-probe--51255781The lawyers also questioned whether documents marked classified that were recovered from Trump’s Mar-a-Lago estate were indeed secret files, suggesting that the former president may have declassified them before leaving office.
Trump’s lawyers argued that an independent arbiter, known as a special master, is needed to protect materials that contain attorney-client privilege, executive privilege and personal information, including medical and tax records, from being examined by the Justice Department]]>https://api.spreaker.com/episode/51255781Wed, 14 Sep 2022 14:41:48 +0000Africa Business RadioDonald Trump’s lawyers have rejected the US Department of Justice’s push to resume its review of documents seized from the former president’s home during an FBI search last month. The lawyers also questioned whether documents marked classified that...The lawyers also questioned whether documents marked classified that were recovered from Trump’s Mar-a-Lago estate were indeed secret files, suggesting that the former president may have declassified them before leaving office.
Trump’s lawyers argued that an independent arbiter, known as a special master, is needed to protect materials that contain attorney-client privilege, executive privilege and personal information, including medical and tax records, from being examined by the Justice Department]]>56africa_business_radio,news,trump,u.scleanfullhttps://www.spreaker.com/episode/egypt-accused-of-thwarting-environmental-groups-ahead-of-cop2--51255779New-York based group Human Rights Watch says Egyptian authorities have imposed arbitrary funding, research, and registration obstacles that have debilitated local environmental groups, forcing some activists into exile.
Richard Pearshouse, the environment director at HRW says these restrictions violate the rights to freedom of assembly and association and threaten Egypt’s ability to uphold its environmental and climate action commitments.]]>https://api.spreaker.com/episode/51255779Wed, 14 Sep 2022 14:32:27 +0000Africa Business RadioEgypt’s government was accused of severely restricting the work of environmental groups, leaving activists fearful of publicly scrutinising authorities ahead of the country hosting a crucial global climate summit. New-York based group Human Rights...New-York based group Human Rights Watch says Egyptian authorities have imposed arbitrary funding, research, and registration obstacles that have debilitated local environmental groups, forcing some activists into exile.
Richard Pearshouse, the environment director at HRW says these restrictions violate the rights to freedom of assembly and association and threaten Egypt’s ability to uphold its environmental and climate action commitments.]]>56africa_business_radio,egypt,global_climate,newscleanfullhttps://www.spreaker.com/episode/uganda-pays-fine-over-dr-congo-war--51255778The ICJ ordered Uganda to pay five annual instalments of $65m between 2022 and 2026, with the first instalment due in September.
The payment is a sign of the vastly improved relations between the two neighbouring countries.
It is also a rare case of accountability for violations of international law.
Back in 2005 the court said Uganda's invasion of eastern DR Congo led to civilians being killed and tortured while villages were destroyed.]]>https://api.spreaker.com/episode/51255778Wed, 14 Sep 2022 14:30:07 +0000Africa Business RadioUganda has handed over $65m as the first instalment of a fine it was ordered to pay the Democratic Republic of Congo for invading the east of the country two decades ago, Congolese authorities say. The ICJ ordered Uganda to pay five annual...The ICJ ordered Uganda to pay five annual instalments of $65m between 2022 and 2026, with the first instalment due in September.
The payment is a sign of the vastly improved relations between the two neighbouring countries.
It is also a rare case of accountability for violations of international law.
Back in 2005 the court said Uganda's invasion of eastern DR Congo led to civilians being killed and tortured while villages were destroyed.]]>59africa_business_radio,democratic_republic_of_congo,news,ugandacleanfullhttps://www.spreaker.com/episode/agriculture-key-to-resolving-nigeria-s-foreign-exchange-crisis--51255776Onyema noted that crop production was the major driver of the agriculture sector, given that it accounted for 91.99 per cent of the overall nominal growth of the sector in the second quarter of 2022.
Onyema further stated that Nigeria’s arable land area of 34 million hectares provided a veritable platform to achieve food safety and security.
He says It comes as no surprise that Agriculture accounts for about 24 per cent of Nigeria’s GDP and Nigeria is a leader in various types of agricultural production, such as palm oil, cocoa beans, pineapple, and sorghum.]]>https://api.spreaker.com/episode/51255776Wed, 14 Sep 2022 14:26:14 +0000Africa Business RadioThe Chief Executive Officer of the Nigerian Exchange Group Plc, Oscar Onyema, says that the agricultural sector will have a huge role to play in solving Nigeria’s foreign exchange crisis. Onyema noted that crop production was the major driver of the...Onyema noted that crop production was the major driver of the agriculture sector, given that it accounted for 91.99 per cent of the overall nominal growth of the sector in the second quarter of 2022.
Onyema further stated that Nigeria’s arable land area of 34 million hectares provided a veritable platform to achieve food safety and security.
He says It comes as no surprise that Agriculture accounts for about 24 per cent of Nigeria’s GDP and Nigeria is a leader in various types of agricultural production, such as palm oil, cocoa beans, pineapple, and sorghum.]]>64africa_business_radio,agriculture,forex,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-records-low-revenue-from-mining-sector--51255774Osun State at the Commission, Mr Oladele Gboyega, says the team was in Osun for the second phase of the nationwide monitoring of revenue collections, and to also observe mining activities across the state.
He frowned at the level of land degradation going on in mining sites across the state, saying there was an urgent need for sensitisation of the miners.
He says they have identified the problem that we’re not communicating with ourselves. The state is not communicating with the federal agency, the federal is not communicating with the state.]]>https://api.spreaker.com/episode/51255774Wed, 14 Sep 2022 14:16:52 +0000Africa Business RadioThe Revenue Mobilization Allocation and Fiscal Commission, says the governments, especially states have been getting a rather low revenue from the mining sector. Osun State at the Commission, Mr Oladele Gboyega, says the team was in Osun for the...Osun State at the Commission, Mr Oladele Gboyega, says the team was in Osun for the second phase of the nationwide monitoring of revenue collections, and to also observe mining activities across the state.
He frowned at the level of land degradation going on in mining sites across the state, saying there was an urgent need for sensitisation of the miners.
He says they have identified the problem that we’re not communicating with ourselves. The state is not communicating with the federal agency, the federal is not communicating with the state.]]>58africa_business_radio,mining_sector,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-electoral-commission-s-nominees-list-is-constitutionally-defective--51255772Falana says President Muhammadu Buhari failed to comply with the provisions of the Constitution in nominating the 14 persons.
He says the President had previously consulted the Council of State to appoint the Chairman and members of INEC in compliance with the provisions of Section 154 (3) of the Constitution.
The nominations have since generated controversy as some of the nominees have been accused of being members of the President’s party, the All Progressives Congress.
Falana says the move also contradicted the promise of the President to ensure a free and fair general election next year.]]>https://api.spreaker.com/episode/51255772Wed, 14 Sep 2022 14:07:42 +0000Africa Business RadioSenior Advocate of Nigeria Femi Falana has faulted the nomination of 14 persons for confirmation as Resident Electoral Commissioners for the Independent National Electoral Commission. Falana says President Muhammadu Buhari failed to comply with the...Falana says President Muhammadu Buhari failed to comply with the provisions of the Constitution in nominating the 14 persons.
He says the President had previously consulted the Council of State to appoint the Chairman and members of INEC in compliance with the provisions of Section 154 (3) of the Constitution.
The nominations have since generated controversy as some of the nominees have been accused of being members of the President’s party, the All Progressives Congress.
Falana says the move also contradicted the promise of the President to ensure a free and fair general election next year.]]>63africa_business_radio,electoral_commission,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-communications-commission-to-tackle-telecoms-crimes--51255769Executive Vice Chairman of NCC, Prof. Umar Danbatta, hailed the Memorandum of Understanding sealed between the agency and the Commission, for which the gathering was to explore how the Corps will deploy enabling laws, subsidiary legislations, and extant guidelines to arrest any form of criminality in the sector.
Danbatta, says over the years, the NCC has been working with relevant law enforcement agencies, and in particular the NSCDC, towards protecting the telecom sector from all kinds of criminal behaviour.]]>https://api.spreaker.com/episode/51255769Wed, 14 Sep 2022 14:04:14 +0000Africa Business RadioThe Nigerian Communications Commission has teamed with the Nigerian Security and Civil Defense Corps to tackle some of the criminal activities bedevilling the telecom industry, such as telecom equipment vandalism and fraudulent registration of...Executive Vice Chairman of NCC, Prof. Umar Danbatta, hailed the Memorandum of Understanding sealed between the agency and the Commission, for which the gathering was to explore how the Corps will deploy enabling laws, subsidiary legislations, and extant guidelines to arrest any form of criminality in the sector.
Danbatta, says over the years, the NCC has been working with relevant law enforcement agencies, and in particular the NSCDC, towards protecting the telecom sector from all kinds of criminal behaviour.]]>65africa_business_radio,communication,nigeria,securitycleanfullhttps://www.spreaker.com/episode/us-bars-advanced-tech-firms-from-building-china-factories-for-10-years--51228942They are faced with a global microchip shortage which has slowed production.
US Commerce Secretary Gina Raimondo says they are going to be implementing the guardrails to ensure those who receive CHIPS funds cannot compromise national security.]]>https://api.spreaker.com/episode/51228942Mon, 12 Sep 2022 14:23:42 +0000Africa Business RadioThe Biden administration says US tech companies that receive federal funding will be barred from building advanced technology facilities in China for 10 years, The guidelines were unveiled as part of a $50bn plan aimed at building up the local...They are faced with a global microchip shortage which has slowed production.
US Commerce Secretary Gina Raimondo says they are going to be implementing the guardrails to ensure those who receive CHIPS funds cannot compromise national security.]]>50africa_business_radio,biden,chin,news,u.scleanfullhttps://www.spreaker.com/episode/european-union-proposes-five-billion-euros-in-financial-aid-to-ukraine--51228940The commission’s president, Ursula von der Leyen, says the situation in Ukraine requires their full support.
A European diplomat says the rescue was part of the $39 billion in aid promised by the G7 group of nations to prop up Ukraine’s battered public coffers.]]>https://api.spreaker.com/episode/51228940Mon, 12 Sep 2022 14:16:38 +0000Africa Business RadioThe European Commission proposed five billion euros in financial aid to Ukraine, in the latest instalment of a promised nine-billion-euro rescue package agreed by EU leaders in May. The commission’s president, Ursula von der Leyen, says the...The commission’s president, Ursula von der Leyen, says the situation in Ukraine requires their full support.
A European diplomat says the rescue was part of the $39 billion in aid promised by the G7 group of nations to prop up Ukraine’s battered public coffers.]]>46africa_business_radio,european_union,news,ukrainecleanfullhttps://www.spreaker.com/episode/uganda-s-cabinet-approves-pay-rise-for-all-civil-servants--51228939Mugasa explained that the discrepancy in pay for science and art teachers, for example, was due to the limited wage bill for teachers' salaries under the Ministry of Education and Sports.
The minister says that the Ministry of Public Service approved the structures for the education ministry, adding that recruitment and payment of salaries for the structures, entirely depend on the wage bill.]]>https://api.spreaker.com/episode/51228939Mon, 12 Sep 2022 14:08:18 +0000Africa Business RadioThe state minister for Public Service Grace Mugasa has revealed that Cabinet has approved an enhanced pay plan for all civil servants starting next financial year. Mugasa explained that the discrepancy in pay for science and art teachers, for...Mugasa explained that the discrepancy in pay for science and art teachers, for example, was due to the limited wage bill for teachers' salaries under the Ministry of Education and Sports.
The minister says that the Ministry of Public Service approved the structures for the education ministry, adding that recruitment and payment of salaries for the structures, entirely depend on the wage bill.]]>51africa_business_radio,news,public_servant,ugandacleanfullhttps://www.spreaker.com/episode/china-scraps-tariffs-for-9-african-countries--51228937The new tariff policy, which took effect on September 1, is applicable to mineral and agricultural imports from Chad, Central African Republic, Eritrea, Djibouti, Mozambique, Guinea, Rwanda, Togo, and Sudan.
Xi stated at the time that the goal was to increase continental imports to US$300 billion in the next three years, ultimately reaching US$300 billion per year by 2035]]>https://api.spreaker.com/episode/51228937Mon, 12 Sep 2022 14:04:04 +0000Africa Business RadioChina has removed Tariffs on 98% of products imported from 9 of Africa's poorest countries. Experts believe the measure will have little economic impact. The new tariff policy, which took effect on September 1, is applicable to mineral and...The new tariff policy, which took effect on September 1, is applicable to mineral and agricultural imports from Chad, Central African Republic, Eritrea, Djibouti, Mozambique, Guinea, Rwanda, Togo, and Sudan.
Xi stated at the time that the goal was to increase continental imports to US$300 billion in the next three years, ultimately reaching US$300 billion per year by 2035]]>54africa,africa_business_radio,china,import_tarrif,news,tradecleanfullhttps://www.spreaker.com/episode/european-union-announces-cash-support-for-mozambique-terrorism-fight--51228936The EU says the money will go towards peacebuilding and will focus on the capacity building of police and correctional services officers, women and youth empowerment, and dialogue with civic leaders tailored towards good governance and the rule of law".
The EU says with this money, it will join Mozambican and international efforts to restore peace, safety and security in the North of Mozambique.]]>https://api.spreaker.com/episode/51228936Mon, 12 Sep 2022 14:00:46 +0000Africa Business RadioThe European Union announced that it is providing additional support to the African military mission in Mozambique in the form of $15m which will go towards the Southern African Development Community mission to Mozambique. The EU says the money will...The EU says the money will go towards peacebuilding and will focus on the capacity building of police and correctional services officers, women and youth empowerment, and dialogue with civic leaders tailored towards good governance and the rule of law".
The EU says with this money, it will join Mozambican and international efforts to restore peace, safety and security in the North of Mozambique.]]>54africa_business_radio,european_union,mozambique,newscleanfullhttps://www.spreaker.com/episode/central-african-nations-to-create-energy-hub--51228935There will be three gas pipelines measuring around 6,500 km.
Most of the countries that have signed up have oil reserves but do not have sufficient refining capacity, and have been struggling with energy supply after the outbreak of the Ukraine war.
The plan will also include at least three refineries and power plants fired by gas linking 11 countries.]]>https://api.spreaker.com/episode/51228935Mon, 12 Sep 2022 13:55:26 +0000Africa Business RadioCentral African countries including Equatorial Guinea, Cameroon, Gabon, Chad, Angola, Democratic Republic of Congo and Congo-Brazzaville have signed a deal to boost the energy supply in the region through the building of an oil and gas pipeline...There will be three gas pipelines measuring around 6,500 km.
Most of the countries that have signed up have oil reserves but do not have sufficient refining capacity, and have been struggling with energy supply after the outbreak of the Ukraine war.
The plan will also include at least three refineries and power plants fired by gas linking 11 countries.]]>56africa_business_radio,central_africa,energy_hub,newscleanfullhttps://www.spreaker.com/episode/egypt-cracks-down-on-streaming-content--51228933The Supreme Council for Media Regulation says it would also require Netflix, Disney+ and other streaming platforms to apply for licences to be able to operate in the country.
The statement noted that subscriptions to streaming platforms in Egypt had witnessed unprecedented and huge increases without providing specific figures.]]>https://api.spreaker.com/episode/51228933Mon, 12 Sep 2022 13:49:09 +0000Africa Business RadioEgypt's media regulatory body says that it will require streaming platforms to abide by certain regulations in a bid to make them adhere to societal values and traditions. The Supreme Council for Media Regulation says it would also require Netflix,...The Supreme Council for Media Regulation says it would also require Netflix, Disney+ and other streaming platforms to apply for licences to be able to operate in the country.
The statement noted that subscriptions to streaming platforms in Egypt had witnessed unprecedented and huge increases without providing specific figures.]]>48africa,africa_business_radio,egypt,media_regulation,news,streaming_contentcleanfullhttps://www.spreaker.com/episode/nigeria-s-2023-budget-to-feature-new-nutrition-departments--51228932Prof. Osinbajo says they are at a point where we can move the needle, especially with the creation of nutrition departments in line ministries and ensuring that we get nutrition on the budget line and it is actually done correctly.]]>https://api.spreaker.com/episode/51228932Mon, 12 Sep 2022 13:46:21 +0000Africa Business RadioVice President Yemi Osinbajo, SAN, says nutrition-specific budget estimates are likely to be included in the 2023 Appropriation Bill even as efforts by the Federal Government to tackle malnutrition and its attendant challenges are beginning to take...Prof. Osinbajo says they are at a point where we can move the needle, especially with the creation of nutrition departments in line ministries and ensuring that we get nutrition on the budget line and it is actually done correctly.]]>482023_budget,africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-sues-academic-staffs-to-court--51228930The Head of Press and Public Relations at the Ministry of Labour and Employment, Olajide Oshundun, says the Federal Government took the decision after dialogue between it and ASUU failed.
The government wants the National Industrial Court to order ASUU members to resume work, while the issues in dispute are being addressed by the court.]]>https://api.spreaker.com/episode/51228930Mon, 12 Sep 2022 13:41:12 +0000Africa Business RadioThe Federal Government has dragged the Academic Staff Union of Universities to the National Industrial Court over the union’s ongoing strike which is in its seventh month. The Head of Press and Public Relations at the Ministry of Labour and...The Head of Press and Public Relations at the Ministry of Labour and Employment, Olajide Oshundun, says the Federal Government took the decision after dialogue between it and ASUU failed.
The government wants the National Industrial Court to order ASUU members to resume work, while the issues in dispute are being addressed by the court.]]>47africa_business_radio,asuu,industrial_action,news,nigeriacleanfullhttps://www.spreaker.com/episode/liz-truss-become-uk-s-next-pm-after-winning-conservative-race--51197988Johnson was forced to announce his resignation in July after months of scandal and he will travel to Scotland to meet Queen Elizabeth on Tuesday to officially tender his resignation.
He urged his ruling Conservative party to put aside their differences to tackle the energy crisis that looks set to dominate Truss’s immediate future.]]>https://api.spreaker.com/episode/51197988Fri, 09 Sep 2022 10:59:26 +0000Africa Business RadioForeign Secretary Liz Truss has been named leader of the governing Conservative Party, taking power as Britain’s next prime minister at a time when the country faces a cost-of-living crisis, industrial unrest and a recession. Johnson was forced to...Johnson was forced to announce his resignation in July after months of scandal and he will travel to Scotland to meet Queen Elizabeth on Tuesday to officially tender his resignation.
He urged his ruling Conservative party to put aside their differences to tackle the energy crisis that looks set to dominate Truss’s immediate future.]]>65africa_business_radio,liz_truss,news,u.kcleanfullhttps://www.spreaker.com/episode/russia-blames-sanctions-for-gas-pipeline-shutdown--51197987Moscow has blamed Western countries for its decision not to reopen the Nord Stream 1 pipeline after it was shut for three days for maintenance.
Europe has accused Russia of using gas supplies to blackmail European countries because of the Ukraine conflict.]]>https://api.spreaker.com/episode/51197987Fri, 09 Sep 2022 10:58:00 +0000Africa Business RadioRussia has warned that it will not resume gas supplies along a key pipeline to Europe until sanctions are lifted. Moscow has blamed Western countries for its decision not to reopen the Nord Stream 1 pipeline after it was shut for three days for...Moscow has blamed Western countries for its decision not to reopen the Nord Stream 1 pipeline after it was shut for three days for maintenance.
Europe has accused Russia of using gas supplies to blackmail European countries because of the Ukraine conflict.]]>55africa_business_radio,europe,news,petroleum,russiacleanfullhttps://www.spreaker.com/episode/instagram-fined-405m-over-children-s-data-privacy-in-irish--51197986The long-running complaint concerned children's data - particularly their phone numbers and email addresses.
Instagram's owner, Meta, says it planned to appeal against the decision. It is the third fine handed to the company by the regulator.
Ireland's Data Protection Commissioner says they adopted the final decision and it does contain a fine of €405m.]]>https://api.spreaker.com/episode/51197986Fri, 09 Sep 2022 10:56:10 +0000Africa Business RadioIrish regulators have fined Instagram €405m for violating children's privacy. The long-running complaint concerned children's data - particularly their phone numbers and email addresses. Instagram's owner, Meta, says it planned to appeal against...The long-running complaint concerned children's data - particularly their phone numbers and email addresses.
Instagram's owner, Meta, says it planned to appeal against the decision. It is the third fine handed to the company by the regulator.
Ireland's Data Protection Commissioner says they adopted the final decision and it does contain a fine of €405m.]]>62africa_business_radio,children_privacy,instagram,irish,meta,newscleanfullhttps://www.spreaker.com/episode/elon-musk-backs-calls-for-extraction-of-more-hydrocarbons--51197982The position of the world’s richest man aligns with that of Nigeria, which has always held the view that the world cannot jettison fossil fuels overnight with the high energy poverty on the continent.
He says Global leaders need to be reminded that for billions, the day does not start by switching on a light, opening a refrigerator or turning the ignition on a car.]]>https://api.spreaker.com/episode/51197982Fri, 09 Sep 2022 10:52:15 +0000Africa Business RadioTesla founder, Elon Musk says the world must continue to extract oil and gas in order to sustain civilisation, while also developing sustainable sources of energy. The position of the world’s richest man aligns with that of Nigeria, which has always...The position of the world’s richest man aligns with that of Nigeria, which has always held the view that the world cannot jettison fossil fuels overnight with the high energy poverty on the continent.
He says Global leaders need to be reminded that for billions, the day does not start by switching on a light, opening a refrigerator or turning the ignition on a car.]]>64africa_business_radio,elon_musk,energy,news,oil_gas,teslacleanfullhttps://www.spreaker.com/episode/mozambique-to-introduce-express-train-to-south-africa-and-eswatini--51197981Mozambican Prime Minister, Adriano Maleiane, welcomed the initiative since the project will contribute to solving the transport problems in the country.
He praised CFM for its very strong contribution.]]>https://api.spreaker.com/episode/51197981Fri, 09 Sep 2022 10:49:32 +0000Africa Business RadioThe Chairperson of the Board of Directors of Mozambique's publicly-owned ports and rail company, Miguel Matabele, has announced the introduction of an express train to South Africa and Eswatini, to facilitate the mobility of people and goods....Mozambican Prime Minister, Adriano Maleiane, welcomed the initiative since the project will contribute to solving the transport problems in the country.
He praised CFM for its very strong contribution.]]>60africa_business_radio,express_train,mozambique,news,transportationcleanfullhttps://www.spreaker.com/episode/gambia-s-oil-marketing-companies-agree-to-maintain-fuel-prices--51197980The Gambia Government under President Adama Barrow will continue to preside over this crucial sector of our economy with the right policies and actions including regular consultations with stakeholders.]]>https://api.spreaker.com/episode/51197980Fri, 09 Sep 2022 10:47:49 +0000Africa Business RadioThe Gambia Government announced that filling stations across the country have resumed selling fuel with immediate effect after hours of meetings and intense negotiations with Oil Marketing Companies. The Gambia Government under President Adama...The Gambia Government under President Adama Barrow will continue to preside over this crucial sector of our economy with the right policies and actions including regular consultations with stakeholders.]]>57africa_business_radio,fuel_price,gambia,newscleanfullhttps://www.spreaker.com/episode/african-leaders-criticise-western-nation-for-climate-summit-snub--51197977The only Western leader to appear in person was the Dutch host, Prime Minister Mark Rutte.
The Senegalese President Macky Sall says he felt bitter that the world's main polluters had failed to offer funds to help Africa adapt to global warming.
Congolese President Félix Tshisekedi says the continent contributed the least to climate change but suffered its worst consequences.]]>https://api.spreaker.com/episode/51197977Fri, 09 Sep 2022 10:45:42 +0000Africa Business RadioAfrican leaders have criticised wealthy nations for failing to turn up at a climate change summit in the Netherlands. The only Western leader to appear in person was the Dutch host, Prime Minister Mark Rutte. The Senegalese President Macky Sall...The only Western leader to appear in person was the Dutch host, Prime Minister Mark Rutte.
The Senegalese President Macky Sall says he felt bitter that the world's main polluters had failed to offer funds to help Africa adapt to global warming.
Congolese President Félix Tshisekedi says the continent contributed the least to climate change but suffered its worst consequences.]]>63africa,africa_business_radio,climate_summit,global_warming,news,western_leadercleanfullhttps://www.spreaker.com/episode/nigerian-government-suspends-proposed-five-per-cent-tax-on-phone-calls-data--51197976The Minister of Communications and Digital Economy, Isa Pantami says he personally rejected the policy and advised President Muhammadu Buhari against it in view of the effects it would have on the digital economy.
He says the introduction of excise duty in the telecommunication and information and communications technology industry would jeopardise the successes already recorded within the industry.
Pantami also noted that currently, the ICT sector is over-burdened with multiple taxations both at the federal and state level.]]>https://api.spreaker.com/episode/51197976Fri, 09 Sep 2022 10:43:15 +0000Africa Business RadioThe Federal Government has suspended the introduction of a five per cent excise duty in the digital economy sector, a tax which was earlier proposed by the Minister of Finance. The Minister of Communications and Digital Economy, Isa Pantami says he...The Minister of Communications and Digital Economy, Isa Pantami says he personally rejected the policy and advised President Muhammadu Buhari against it in view of the effects it would have on the digital economy.
He says the introduction of excise duty in the telecommunication and information and communications technology industry would jeopardise the successes already recorded within the industry.
Pantami also noted that currently, the ICT sector is over-burdened with multiple taxations both at the federal and state level.]]>75africa_business_radio,digital_economy,excise_duty,news,taxcleanfullhttps://www.spreaker.com/episode/nigeria-s-academic-staff-rejects-government-s-23-5-percent-salary-increase-offer--51197974Adamu says the government had offered the union a 23.5 per cent salary increase for all categories of the workforce in Federal Universities, except for the professorial cadre which will enjoy a 35% upward review.
Adamu says the government had also promised that a sum of N150 billion “shall be provided for in the 2023 Budget as funds for the revitalization of Federal Universities, to be disbursed to the Institutions in the First Quarter of the year.]]>https://api.spreaker.com/episode/51197974Fri, 09 Sep 2022 10:40:40 +0000Africa Business RadioThe Minister of Education, Adamu Adamu outlined the Federal Government’s efforts to resolve the industrial action embarked upon by the Academic Staff Union of Universities on February 14. Adamu says the government had offered the union a 23.5 per...Adamu says the government had offered the union a 23.5 per cent salary increase for all categories of the workforce in Federal Universities, except for the professorial cadre which will enjoy a 35% upward review.
Adamu says the government had also promised that a sum of N150 billion “shall be provided for in the 2023 Budget as funds for the revitalization of Federal Universities, to be disbursed to the Institutions in the First Quarter of the year.]]>73africa_business_radio,asuu,industrial_action,news,nigeriacleanfullhttps://www.spreaker.com/episode/first-ever-africa-caribbean-trade-forum-kicks-off-in-barbados--51149001The Global Head, Client Relations, AfreximBank, Rene Awambeng and the Chief Executive Officer of Invest Barbados, Kaye-Anne Greenidge said they were optimistic about the impact the forum would exert on participants.
The investment forum will focus on business-to-business engagements and panel discussions on several topics, including: accelerating industrialization and manufacturing; developing special economic zones and industrial parks; improving infrastructure.]]>https://api.spreaker.com/episode/51149001Mon, 05 Sep 2022 15:31:45 +0000Africa Business RadioThe inaugural Africa-Caribbean Trade and Investment Forum kicked off in Bridgetown, Barbados. The Global Head, Client Relations, AfreximBank, Rene Awambeng and the Chief Executive Officer of Invest Barbados, Kaye-Anne Greenidge said they were...The Global Head, Client Relations, AfreximBank, Rene Awambeng and the Chief Executive Officer of Invest Barbados, Kaye-Anne Greenidge said they were optimistic about the impact the forum would exert on participants.
The investment forum will focus on business-to-business engagements and panel discussions on several topics, including: accelerating industrialization and manufacturing; developing special economic zones and industrial parks; improving infrastructure.]]>53afreximbank,africa,africa_business_radio,barbados,news,trade_forumcleanfullhttps://www.spreaker.com/episode/kenya-inflation-at-8-5-year-on-year-in-august--51149009The August figure was the highest rate of inflation seen in Kenya since June 2017, when it was at 9.2%.
Kenyan inflation has accelerated in recent months, from just above 5% at the start of 2022, mainly due to the knock-on effects of increases in the international prices of crude oil.]]>https://api.spreaker.com/episode/51149009Mon, 05 Sep 2022 15:29:14 +0000Africa Business RadioThe Kenya National Bureau of Statistics says Kenya’s consumer inflation rose to 8.5% year-on-year in August from 8.3% a month earlier, driven by increases in the price of food, transport and energy. The August figure was the highest rate of...The August figure was the highest rate of inflation seen in Kenya since June 2017, when it was at 9.2%.
Kenyan inflation has accelerated in recent months, from just above 5% at the start of 2022, mainly due to the knock-on effects of increases in the international prices of crude oil.]]>50africa_business_radio,energy,inflation,kenya,news,transportcleanfullhttps://www.spreaker.com/episode/mozambique-to-declare-import-and-export-of-currency--51149008This declaration of ownership also covers Mozambican currency moving more than 10,000 meticais in or out of the country will also require a declaration.
The bank says to declare these amounts, the holder of banknotes and coins must fill out a duplicated document at the customs authorities and must keep a copy of it.]]>https://api.spreaker.com/episode/51149008Mon, 05 Sep 2022 15:24:16 +0000Africa Business RadioThe Bank of Mozambique has determined that travellers entering or leaving the country with more than 10,000 US dollars, or the equivalent in other foreign currencies, in bank notes or coins, must declare them. This declaration of ownership also...This declaration of ownership also covers Mozambican currency moving more than 10,000 meticais in or out of the country will also require a declaration.
The bank says to declare these amounts, the holder of banknotes and coins must fill out a duplicated document at the customs authorities and must keep a copy of it.]]>50africa_business_radio,import_currency,mozambique,newscleanfullhttps://www.spreaker.com/episode/mozambique-lng-project-to-resume-in-first-half-of-2023--51149006BPCL managing director, Arun Singh, says with the efforts of the Mozambican Government, supported by a regional coalition, progress is being made in improving the security situation in the region, and the project will resume as soon as the security situation is stabilized in a sustainable manner.
The director announced that BPCL is expected to invest a further 1.8 billion US dollars over the next three or four years in Mozambique.]]>https://api.spreaker.com/episode/51149006Mon, 05 Sep 2022 15:21:31 +0000Africa Business RadioThe Indian oil company BPCL has announced that the production of liquefied natural gas may restart in the first half of next year. BPCL managing director, Arun Singh, says with the efforts of the Mozambican Government, supported by a regional...BPCL managing director, Arun Singh, says with the efforts of the Mozambican Government, supported by a regional coalition, progress is being made in improving the security situation in the region, and the project will resume as soon as the security situation is stabilized in a sustainable manner.
The director announced that BPCL is expected to invest a further 1.8 billion US dollars over the next three or four years in Mozambique.]]>52africa_business_radio,mozambique,news,petroleumcleanfullhttps://www.spreaker.com/episode/uganda-s-public-debt-projected-to-increase--51149005Uganda's public debt stock increased by 22% from Shs 56.938 trillion in the financial year 2019/20 to Shs 69.513 trillion by end of the financial year 2020/21.
Migadde explained that public debt is projected to increase over the medium term as the government continues to implement its investment programme to boost economic recovery.]]>https://api.spreaker.com/episode/51149005Mon, 05 Sep 2022 15:18:03 +0000Africa Business RadioThe vice chairperson of the parliamentary committee on National Economy, Robert Migadde says the total public debt has increased over recent years due to the implementation of the government's investment agenda and the effects of the Covid-19 pandemic...Uganda's public debt stock increased by 22% from Shs 56.938 trillion in the financial year 2019/20 to Shs 69.513 trillion by end of the financial year 2020/21.
Migadde explained that public debt is projected to increase over the medium term as the government continues to implement its investment programme to boost economic recovery.]]>59africa_business_radio,economic_recovery,news,total_debt,ugandacleanfullhttps://www.spreaker.com/episode/south-africa-cabinet-approves-new-look-coins--51148998The cabinet in a statement explained what the new design will look like for each denomination.
The word South Africa will be inserted on one side of the coins and printed in all the official languages.
The new coins will begin circulating next year and no sample design has been generated yet.]]>https://api.spreaker.com/episode/51148998Mon, 05 Sep 2022 15:13:40 +0000Africa Business RadioSouth Africa's cabinet has approved a new design for coins that will feature inscriptions in all official languages. The cabinet in a statement explained what the new design will look like for each denomination. The word South Africa will be...The cabinet in a statement explained what the new design will look like for each denomination.
The word South Africa will be inserted on one side of the coins and printed in all the official languages.
The new coins will begin circulating next year and no sample design has been generated yet.]]>43africa_business_radio,currency,news,south_africacleanfullhttps://www.spreaker.com/episode/nigeria-s-total-debt-profile-rise-to-n41-60trn--51148997She attributed Nigeria’s high debt profile to the shortfall in revenues and the deficit in the annual budget as approved by the National Assembly.
She says the country has been running a deficit budget for many years and until the issues of personnel, overhead and capital expenditure are properly addressed in the budget, borrowing would not stop.]]>https://api.spreaker.com/episode/51148997Mon, 05 Sep 2022 15:10:42 +0000Africa Business RadioThe Director-General of the Debt Management Office, Mrs Patience Oniha confirmed that Nigeria’s total debt profile as of March 2022 stood at N41.60 trillion. She attributed Nigeria’s high debt profile to the shortfall in revenues and the deficit in...She attributed Nigeria’s high debt profile to the shortfall in revenues and the deficit in the annual budget as approved by the National Assembly.
She says the country has been running a deficit budget for many years and until the issues of personnel, overhead and capital expenditure are properly addressed in the budget, borrowing would not stop.]]>50africa_business_radio,debt_profile,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-foreign-capital-importation-fell-to-1-54bn-in-q2--51148996The Nigerian Capital Importation Q2 2022 shows that Lagos State topped the destination for foreign capital inflows with $1.05 billion, accounting for 68.66 per cent of total inflows into the country.]]>https://api.spreaker.com/episode/51148996Mon, 05 Sep 2022 15:07:36 +0000Africa Business RadioThe National Bureau of Statistics says the total value of capital importation into the country declined by 2.40 per cent to $1.54 billion in the second quarter of the year compared to $1,57 billion in the preceding quarter. The Nigerian Capital...The Nigerian Capital Importation Q2 2022 shows that Lagos State topped the destination for foreign capital inflows with $1.05 billion, accounting for 68.66 per cent of total inflows into the country.]]>48africa_business_radio,export,foreign_revenue,import,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-to-pay-496-million-to-settle-indian-firm-s-claim-over-ajaokuta-steel--51148979The Nigerian government says it has agreed to pay $496 million to settle a multibillion-dollar claim by Global Steel Holdings Limited over the control of Ajaokuta Steel Company.
Attorney-General Abubakar Malami says the federal government will pay the company $496 million instead of $5.258 billion demanded by the firm, to settle the dispute.]]>https://api.spreaker.com/episode/51148979Mon, 05 Sep 2022 14:50:49 +0000Africa Business RadioThe government says the deal achieved through the alternative dispute resolution framework saves the country money as the company demanded $5.258 billion. The Nigerian government says it has agreed to pay $496 million to settle a multibillion-dollar...The Nigerian government says it has agreed to pay $496 million to settle a multibillion-dollar claim by Global Steel Holdings Limited over the control of Ajaokuta Steel Company.
Attorney-General Abubakar Malami says the federal government will pay the company $496 million instead of $5.258 billion demanded by the firm, to settle the dispute.]]>53africa_business_radio,education,news,nigeria,united_nationscleanfullhttps://www.spreaker.com/episode/nigerian-government-clears-3-81bn-cash-call-arrears--51148967Figures showed that the $3.81bn repayment was done as at May 31, 2022, leaving an outstanding balance of $873.34m.
The total negotiated debt between the government and the five IOCs was put at $4.68bn.]]>https://api.spreaker.com/episode/51148967Mon, 05 Sep 2022 14:47:47 +0000Africa Business RadioThe Federal Government, through the Nigerian National Petroleum Company Limited, has paid $3.81bn cash call arrears in joint ventures to international oil companies. Figures showed that the $3.81bn repayment was done as at May 31, 2022, leaving an...Figures showed that the $3.81bn repayment was done as at May 31, 2022, leaving an outstanding balance of $873.34m.
The total negotiated debt between the government and the five IOCs was put at $4.68bn.]]>47africa_business_radio,debt-for-climate,debt_relief,news,nigeriacleanfullhttps://www.spreaker.com/episode/germany-may-consider-european-gas-price-cap--51115186Robert Habeck says that Berlin might consider capping the price of gas at a Sept. 9 emergency meeting of European Union energy ministers, which is set to tackle soaring costs due to curbed gas supplies from Russia.
Habeck says Germany faces the bitter reality that Russia will not restore gas supplies to the country, ahead of a planned halt by state energy giant Gazprom of exports to Europe via the Nord Stream 1 pipeline.]]>https://api.spreaker.com/episode/51115186Fri, 02 Sep 2022 10:20:49 +0000Africa Business RadioBerlin is willing to consider a price cap on gas citing a text message sent by Germany’s economy minister to energy ministers across Europe. Robert Habeck says that Berlin might consider capping the price of gas at a Sept. 9 emergency meeting of...Robert Habeck says that Berlin might consider capping the price of gas at a Sept. 9 emergency meeting of European Union energy ministers, which is set to tackle soaring costs due to curbed gas supplies from Russia.
Habeck says Germany faces the bitter reality that Russia will not restore gas supplies to the country, ahead of a planned halt by state energy giant Gazprom of exports to Europe via the Nord Stream 1 pipeline.]]>66africa_business_radio,berlin,europe,gas_price,newscleanfullhttps://www.spreaker.com/episode/pakistan-floods-disaster-to-cost-more-than-10bn--51115185Pakistan received a $1.1bn bailout from the International Monetary Fund which is aimed to help the cash-strapped economy avoid defaulting on its debts.
The unprecedented flash floods caused by historic monsoon rains have killed at least 1,136 people and affected more than 33 million, over 15% of the country's population.]]>https://api.spreaker.com/episode/51115185Fri, 02 Sep 2022 10:19:00 +0000Africa Business RadioPakistan's planning minister says early estimates show the devastating floods that hit the country have caused at least $10bn of damage. Pakistan received a $1.1bn bailout from the International Monetary Fund which is aimed to help the cash-strapped...Pakistan received a $1.1bn bailout from the International Monetary Fund which is aimed to help the cash-strapped economy avoid defaulting on its debts.
The unprecedented flash floods caused by historic monsoon rains have killed at least 1,136 people and affected more than 33 million, over 15% of the country's population.]]>63africa_business_radio,imf,news,pakistan,relief_fundcleanfullhttps://www.spreaker.com/episode/twitter-begins-edit-button-feature-testing--51115183The company says the trial of Edit Tweet will begin with internal employees, and then be expanded out to the platform’s Twitter Blue subscription population.
The company says Under the revision being studied, users could edit a tweet a few times in the 30 minutes after the initial posting, in ways that transparently note the changes to help protect the integrity of the conversation and create a publicly accessible record of what was said.]]>https://api.spreaker.com/episode/51115183Fri, 02 Sep 2022 10:16:56 +0000Africa Business RadioTwitter says it has begun actively testing an edit button, after months of publicly discussing such a tweak. The company says the trial of Edit Tweet will begin with internal employees, and then be expanded out to the platform’s Twitter Blue...The company says the trial of Edit Tweet will begin with internal employees, and then be expanded out to the platform’s Twitter Blue subscription population.
The company says Under the revision being studied, users could edit a tweet a few times in the 30 minutes after the initial posting, in ways that transparently note the changes to help protect the integrity of the conversation and create a publicly accessible record of what was said.]]>67africa_business_radio,edit_button,news,twittercleanfullhttps://www.spreaker.com/episode/south-africa-s-treasury-propose-bill-to-tackle-money-laundering--51115182The National Treasury says the approval was a demonstration of the government's commitment to the fight against corruption, money laundering and terror financing.
He says the law will improve South Africa's adherence to international best practices in combating financial crimes and corruption.]]>https://api.spreaker.com/episode/51115182Fri, 02 Sep 2022 10:14:19 +0000Africa Business RadioFinance Minister Enoch Godongwana has tabled in Parliament the Anti-Money Laundering and Combating Terrorism Financing Amendment Bill while reiterating the government's commitment to nip illicit money flows. The National Treasury says the approval...The National Treasury says the approval was a demonstration of the government's commitment to the fight against corruption, money laundering and terror financing.
He says the law will improve South Africa's adherence to international best practices in combating financial crimes and corruption.]]>60africa_business_radio,business,laws,money_laundering,news,south_africa,terrorism_fundingcleanfullhttps://www.spreaker.com/episode/south-africa-s-citizens-urged-to-not-enforce-immigration-law--51115180Operation Dudula has been accused of xenophobia, but its members say foreign nationals are putting a strain on the country's health system.
Mr Phaahla told journalists that a growing number of people from neighbouring countries were coming to South Africa for treatment.
He says if that continued, South Africa would reach a stage where it could not cope.
He stressed that the constitution was clear about the right of anyone who lived in the country to access healthcare.]]>https://api.spreaker.com/episode/51115180Fri, 02 Sep 2022 10:11:44 +0000Africa Business RadioSouth Africa’s health minister has warned that it is not up to ordinary citizens to enforce the country's immigration law. Operation Dudula has been accused of xenophobia, but its members say foreign nationals are putting a strain on the country's...Operation Dudula has been accused of xenophobia, but its members say foreign nationals are putting a strain on the country's health system.
Mr Phaahla told journalists that a growing number of people from neighbouring countries were coming to South Africa for treatment.
He says if that continued, South Africa would reach a stage where it could not cope.
He stressed that the constitution was clear about the right of anyone who lived in the country to access healthcare.]]>76africa_business_radio,immigration_law,news,south_africa,xenophobiacleanfullhttps://www.spreaker.com/episode/ethiopia-government-tasked-to-halt-tigrayan-attacks--51115176The government called the Tigray People's Liberation Front a terrorist group and says the duty of halting it from its destructive activities has fallen on the government and the people of Ethiopia.
The statement also says the TPLF was punishing the people of Tigray through starvation by launching attacks during the farming season.]]>https://api.spreaker.com/episode/51115176Fri, 02 Sep 2022 10:09:44 +0000Africa Business RadioThe Ethiopian government says that Tigrayan attacks intensified. The government called the Tigray People's Liberation Front a terrorist group and says the duty of halting it from its destructive activities has fallen on the government and the people...The government called the Tigray People's Liberation Front a terrorist group and says the duty of halting it from its destructive activities has fallen on the government and the people of Ethiopia.
The statement also says the TPLF was punishing the people of Tigray through starvation by launching attacks during the farming season.]]>63africa_business_radio,civil_unrest,ethiopia,news,tigraycleanfullhttps://www.spreaker.com/episode/former-president-asks-nigerians-to-protect-democracy-from-derailment--51115175He says this is not the time for Nigerians to lower their guard and allow democracy to crumble.
Jonathan maintained that democracy remains the best form of government that can effectively manage the nation’s diversity.
He says democracy is not about winning elections, noting that Nigerians must accommodate other people’s views.]]>https://api.spreaker.com/episode/51115175Fri, 02 Sep 2022 10:05:37 +0000Africa Business RadioFormer President Goodluck Jonathan has called on Nigerians to protect the country’s democracy from derailment into some form of fascism. He says this is not the time for Nigerians to lower their guard and allow democracy to crumble. Jonathan...He says this is not the time for Nigerians to lower their guard and allow democracy to crumble.
Jonathan maintained that democracy remains the best form of government that can effectively manage the nation’s diversity.
He says democracy is not about winning elections, noting that Nigerians must accommodate other people’s views.]]>68africa_business_radio,democracy,news,nigeriacleanfullhttps://www.spreaker.com/episode/emirates-restores-flight-operations-to-lagos--51115174The company announced this in emails sent to its customers.
Emirates says that effective from 11th September 2022, they will reinstate operations of the flights.
The reinstatement came two weeks after the United Arab Emirates carrier suspended flight operations, citing its inability to repatriate its earnings in foreign exchange from Nigeria.]]>https://api.spreaker.com/episode/51115174Fri, 02 Sep 2022 10:02:39 +0000Africa Business RadioEmirates Airlines has restored its flight operations to Nigeria’s commercial capital of Lagos.  The company announced this in emails sent to its customers. Emirates says that effective from 11th September 2022, they will reinstate operations of...The company announced this in emails sent to its customers.
Emirates says that effective from 11th September 2022, they will reinstate operations of the flights.
The reinstatement came two weeks after the United Arab Emirates carrier suspended flight operations, citing its inability to repatriate its earnings in foreign exchange from Nigeria.]]>74africa_business_radio,aviation,emirate,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-state-threatens-okada-defaulters-with-three-year-jail-term--51115172The Lagos State Commissioner for Transport, Dr Frederic Oladeinde, says the phase two okada ban was in four local government areas and six local council development areas.
The commissioner, 200 officials of the Lagos Traffic Management Authority have been deployed alongside other security agencies to enforce the ban.
He stated that the extension is in the right direction to ensure the security of the lives and properties of Lagosians.]]>https://api.spreaker.com/episode/51115172Fri, 02 Sep 2022 10:01:04 +0000Africa Business RadioDefaulters of the ban on commercial motorcycle operators in Lagos State risk a three-year jail term as enforcement for the phase two ban starts on Friday. The Lagos State Commissioner for Transport, Dr Frederic Oladeinde, says the phase two okada...The Lagos State Commissioner for Transport, Dr Frederic Oladeinde, says the phase two okada ban was in four local government areas and six local council development areas.
The commissioner, 200 officials of the Lagos Traffic Management Authority have been deployed alongside other security agencies to enforce the ban.
He stated that the extension is in the right direction to ensure the security of the lives and properties of Lagosians.]]>71africa_business_radio,news,nigeria,okada_ban,traffic_managementcleanfullhttps://www.spreaker.com/episode/nigerian-president-signs-eight-bills-into-law--51115171The Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Nasir Illa, listed the bills as Counselling Practitioners Council of Nigeria, Civil Aviation Act, Nigerian Metrological Agency, Pharmacy Council of Nigeria and Nigerian Council for Management Development.
Others are the National Institute of Credit Administration, Chartered Institute Of Social Work Practitioners and Advertising Regulatory Council of Nigeria.]]>https://api.spreaker.com/episode/51115171Fri, 02 Sep 2022 09:57:14 +0000Africa Business RadioPresident Muhammadu Buhari has assented to eight bills passed by the National Assembly. The Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Nasir Illa, listed the bills as Counselling Practitioners...The Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Nasir Illa, listed the bills as Counselling Practitioners Council of Nigeria, Civil Aviation Act, Nigerian Metrological Agency, Pharmacy Council of Nigeria and Nigerian Council for Management Development.
Others are the National Institute of Credit Administration, Chartered Institute Of Social Work Practitioners and Advertising Regulatory Council of Nigeria.]]>66africa_business_radio,lawmakers,news,nigeriacleanfullhttps://www.spreaker.com/episode/10-nigerian-states-to-produce-1-000mw-solar-power--51115169It says each of the states would generate 100MW of solar power, noting that it was currently enabling off-grid electricity projects in their various domains.
The Minister of Power, Abubakar Aliyu, also announced that the Federal Government was set to build a 2.5MW hybrid solar power plant in the Nigerian Defence Academy to enhance security at the institution.
The minister noted that to achieve Nigeria’s commitment to climate change, the Federal Government was implementing different initiatives targeted at achieving at least 30,000MW generation by 2030 with 30 per cent from renewable energy sources.]]>https://api.spreaker.com/episode/51115169Fri, 02 Sep 2022 09:54:45 +0000Africa Business RadioThe Federal Government, says 10 states were to contribute 1,000 megawatts of off-grid electricity to the quantum of power being produced across the country. It says each of the states would generate 100MW of solar power, noting that it was currently...It says each of the states would generate 100MW of solar power, noting that it was currently enabling off-grid electricity projects in their various domains.
The Minister of Power, Abubakar Aliyu, also announced that the Federal Government was set to build a 2.5MW hybrid solar power plant in the Nigerian Defence Academy to enhance security at the institution.
The minister noted that to achieve Nigeria’s commitment to climate change, the Federal Government was implementing different initiatives targeted at achieving at least 30,000MW generation by 2030 with 30 per cent from renewable energy sources.]]>74africa_business_radio,electricity_generation,news,nigeriacleanfullhttps://www.spreaker.com/episode/biden-to-ask-for-approval-for-1-1bn-arms-sale-to-taiwan--51091482The package, which is still in an early stage, includes 60 AGM-84L Harpoon Block II missiles for $355m, 100 AIM-9X Block II Sidewinder tactical air-to-air missiles for $85.6m, and $655.4m for a surveillance radar contract extension, three people familiar with the matter told the publication.
The US says it had sent two of its warships through the strait in a freedom of navigation exercise.]]>https://api.spreaker.com/episode/51091482Wed, 31 Aug 2022 14:32:37 +0000Africa Business RadioUnited States President Joe Biden plans to ask Congress to approve an estimated $1.1bn arms sale to the self-ruled island of Taiwan, including 60 anti-ship missiles and 100 air-to-air missiles, according to Politico. The package, which is still in...The package, which is still in an early stage, includes 60 AGM-84L Harpoon Block II missiles for $355m, 100 AIM-9X Block II Sidewinder tactical air-to-air missiles for $85.6m, and $655.4m for a surveillance radar contract extension, three people familiar with the matter told the publication.
The US says it had sent two of its warships through the strait in a freedom of navigation exercise.]]>64africa_business_radio,china,congress,news,taiwan,united_statescleanfullhttps://www.spreaker.com/episode/equity-bank-unveils-6billion-africa-recovery-plan--51091481Dr James Mwangi the Equity holding Group CEO says the fund will not only support businesses to flourish but also spur economic recovery.
Dr Mwangi says the project will be implemented through six strategic pillars of Food and Agriculture, Trade and Investment, MSMEs, Technology, Manufacturing and Logistics and Social and Environmental transformation all envisaged reaching millions of customers while creating over 25 million direct jobs.
Deputy Speaker of Parliament Thomas Tayebwa revealed that Parliament has also finalized four laws aimed at boosting the performance of the private sector.]]>https://api.spreaker.com/episode/51091481Wed, 31 Aug 2022 14:29:13 +0000Africa Business RadioEquity Bank Uganda Limited has unveiled the $ 6 billion Africa Recovery and Resilience Plan to help businesses hit hard by Covid-19 recover. Dr James Mwangi the Equity holding Group CEO says the fund will not only support businesses to flourish but...Dr James Mwangi the Equity holding Group CEO says the fund will not only support businesses to flourish but also spur economic recovery.
Dr Mwangi says the project will be implemented through six strategic pillars of Food and Agriculture, Trade and Investment, MSMEs, Technology, Manufacturing and Logistics and Social and Environmental transformation all envisaged reaching millions of customers while creating over 25 million direct jobs.
Deputy Speaker of Parliament Thomas Tayebwa revealed that Parliament has also finalized four laws aimed at boosting the performance of the private sector.]]>67africa,africa_business_radio,africa_recovery_plan,equity_bank,news,ugandacleanfullhttps://www.spreaker.com/episode/walmart-offers-to-buy-south-african-retailer-massmart-in-377-milion-deal--51091480Massmart’s announcement of the offer sent its shares up 46%. If approved by shareholders, the retailer would be delisted from the Johannesburg Stock Exchange.
Massmart added that Walmart has offered 62 rands for each outstanding Massmart share, which represents a premium of 53% to Friday’s closing share price.
Massmart Chairman Kuseni Dlamini says that a preliminary report from an independent expert indicates that the terms and conditions of the offer are fair and reasonable.]]>https://api.spreaker.com/episode/51091480Wed, 31 Aug 2022 14:25:49 +0000Africa Business RadioU.S retail giant Walmart Inc has launched a 6.4 billion rand offer for the 47% of Massmart shares it does not already own, a deal Massmart says would support the overhaul of the loss-making South African retailer. Massmart’s announcement of the...Massmart’s announcement of the offer sent its shares up 46%. If approved by shareholders, the retailer would be delisted from the Johannesburg Stock Exchange.
Massmart added that Walmart has offered 62 rands for each outstanding Massmart share, which represents a premium of 53% to Friday’s closing share price.
Massmart Chairman Kuseni Dlamini says that a preliminary report from an independent expert indicates that the terms and conditions of the offer are fair and reasonable.]]>64africa_business_radio,massmart,news,south_africa,walmartcleanfullhttps://www.spreaker.com/episode/african-nations-call-out-climate-injustice-ahead-of-cop27--51091477Government officials, international organisations, NGOs and the private sector from more than 60 African nations attended Monday’s opening of Africa Climate Week in Gabon’s capital to prepare for the COP27 UN climate conference in Egypt in November.
Host President Ali Bongo Ondimba says the continent has to speak with one voice and offer concrete proposals for COP27.]]>https://api.spreaker.com/episode/51091477Wed, 31 Aug 2022 14:22:48 +0000Africa Business RadioAfrican countries called for an end to climate injustice saying the continent causes less than four per cent of global CO2 emissions but pays one of the highest prices for global warming. Government officials, international organisations, NGOs and...Government officials, international organisations, NGOs and the private sector from more than 60 African nations attended Monday’s opening of Africa Climate Week in Gabon’s capital to prepare for the COP27 UN climate conference in Egypt in November.
Host President Ali Bongo Ondimba says the continent has to speak with one voice and offer concrete proposals for COP27.]]>57africa,africa_business_radio,climate_change,cop27,global_warming,newscleanfullhttps://www.spreaker.com/episode/nigerian-court-prevents-53-broadcast-stations-from-shutting-down--51091472Honourable Justice Akintayo Aluko granted an order of interim injunction following the hearing of an argument on motion exparte by Socio-Economic Rights and Accountability Project and Nigerian Guild of Editors.]]>https://api.spreaker.com/episode/51091472Wed, 31 Aug 2022 13:55:42 +0000Africa Business RadioThe Federal High Court in Lagos has stopped President Muhammadu Buhari and the National Broadcasting Commission from revoking the licenses of 53 broadcast stations in the country and shutting down the stations for allegedly failing to renew their...Honourable Justice Akintayo Aluko granted an order of interim injunction following the hearing of an argument on motion exparte by Socio-Economic Rights and Accountability Project and Nigerian Guild of Editors.]]>49africa_business_radio,broadcast,broadcasting_coporation,media_ban,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-petrol-subsidy-to-remain-till-mid-2023--51091471The Minister of Finance, Zainab Ahmed says the government is proposing to spend only N3.36 trillion on petrol subsidy in 2023.
The minister added that the Federal Government is proposing an aggregate expenditure of N19.76 trillion for the 2023 financial year, with a projected deficit of N11.30 trillion.
She says the Federal Government is projecting total revenue of N8.46 trillion, out of which N1.9 trillion is expected to come from oil-related sources while the remaining is to come from non-oil sources.]]>https://api.spreaker.com/episode/51091471Wed, 31 Aug 2022 13:51:40 +0000Africa Business RadioThe Federal Government reiterated petrol subsidy will remain in place until mid-2023. Ahead of the 2023 budget presentation, The Minister of Finance, Zainab Ahmed says the government is proposing to spend only N3.36 trillion on petrol subsidy in...The Minister of Finance, Zainab Ahmed says the government is proposing to spend only N3.36 trillion on petrol subsidy in 2023.
The minister added that the Federal Government is proposing an aggregate expenditure of N19.76 trillion for the 2023 financial year, with a projected deficit of N11.30 trillion.
She says the Federal Government is projecting total revenue of N8.46 trillion, out of which N1.9 trillion is expected to come from oil-related sources while the remaining is to come from non-oil sources.]]>642023_budget,africa_business_radio,news,nigeria,petroleum_subsidycleanfullhttps://www.spreaker.com/episode/nigeria-s-academic-staff-extends-six-month-old-strike-indefinitely--51091470A member of the union says the union extended the industrial action after reviewing progress reports on ongoing negotiations with the Federal Government in the last four weeks when ASUU rolled over the strike.
ASUU embarked on the strike on February 14th, 2022. It had then declared a four-week warning strike. But after a month, the lecturers extended it by eight weeks, saying the government needs more time to look at its demands.]]>https://api.spreaker.com/episode/51091470Wed, 31 Aug 2022 13:49:22 +0000Africa Business RadioThe Academic Staff Union of Universities extended its six-month-old strike indefinitely until the Federal Government meets its demands. A member of the union says the union extended the industrial action after reviewing progress reports on ongoing...A member of the union says the union extended the industrial action after reviewing progress reports on ongoing negotiations with the Federal Government in the last four weeks when ASUU rolled over the strike.
ASUU embarked on the strike on February 14th, 2022. It had then declared a four-week warning strike. But after a month, the lecturers extended it by eight weeks, saying the government needs more time to look at its demands.]]>53academic_staff,africa_business_radio,asuu,industrial_action,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-court-rejects-application-to-extradite-abba-kyari-to-us--51091467Justice Inyang Ekwo struck out the suit filed by Abubakar Malami, the Attorney General of the Federation and Minister of Justice, on the ground that the application is incompetent, lacked merit and was instituted in bad faith.
Justice Ekwo insisted that the current administration has no basis to file the extradition request having commenced trial in a case filed against the embattled Deputy Commissioner of Police by the National Drug Law Enforcement Agency.]]>https://api.spreaker.com/episode/51091467Wed, 31 Aug 2022 13:46:37 +0000Africa Business RadioA Federal High Court in Abuja has thrown out a suit by the Federal Government to extradite the suspended Deputy Commissioner of Police, Abba Kyari, to the United States of America. Justice Inyang Ekwo struck out the suit filed by Abubakar Malami,...Justice Inyang Ekwo struck out the suit filed by Abubakar Malami, the Attorney General of the Federation and Minister of Justice, on the ground that the application is incompetent, lacked merit and was instituted in bad faith.
Justice Ekwo insisted that the current administration has no basis to file the extradition request having commenced trial in a case filed against the embattled Deputy Commissioner of Police by the National Drug Law Enforcement Agency.]]>59abba_kyari,africa_busines_radio,internet_fraud,news,nigeria,united_statescleanfullhttps://www.spreaker.com/episode/nigerian-government-turkey-to-design-electricity-trading-structure--51091465It says the partnership came on the heels of a Memorandum of Understanding signed by the Nigerian Bulk Electricity Trading Plc with EXIST to boost cooperation and knowledge exchange between the two countries.
The government says the cooperation agreement, signed between NBET and EXIST at the latter’s campus in Maslak, Turkey, was designed to explore mutually beneficial opportunities for growth between both agencies.]]>https://api.spreaker.com/episode/51091465Wed, 31 Aug 2022 13:39:09 +0000Africa Business RadioThe Federal Government says it had entered into a partnership with the Turkish energy firm, EXIST (Energy Exchange Istanbul), to design a functional trading structure for the Nigerian Electricity Supply Industry, among others. It says the...It says the partnership came on the heels of a Memorandum of Understanding signed by the Nigerian Bulk Electricity Trading Plc with EXIST to boost cooperation and knowledge exchange between the two countries.
The government says the cooperation agreement, signed between NBET and EXIST at the latter’s campus in Maslak, Turkey, was designed to explore mutually beneficial opportunities for growth between both agencies.]]>59africa_business_radio,energy_generation,news,nigeria,turkeycleanfullhttps://www.spreaker.com/episode/nigeria-s-foreign-missions-accused-of-spending-funds-illegally--51091458The Office of the Auditor General for the Federation decried that efforts to audit the accounts of some of the missions were frustrated by the officials who acted on a directive by the Permanent Secretary of the Ministry of Foreign Affairs.
The Auditor-General, in the over 450-page document containing a list of audit queries against the missions, raised the alarm over their habit of making spending outside their budgets and without the approval of the National Assembly.]]>https://api.spreaker.com/episode/51091458Wed, 31 Aug 2022 13:37:25 +0000Africa Business RadioThe House of Representatives Committee on Public Accounts has commenced an investigation of extra-budgetary spending by Nigeria’s foreign missions and their refusal to remit Internally Generated Revenue despite cries of the paucity of funds by the...The Office of the Auditor General for the Federation decried that efforts to audit the accounts of some of the missions were frustrated by the officials who acted on a directive by the Permanent Secretary of the Ministry of Foreign Affairs.
The Auditor-General, in the over 450-page document containing a list of audit queries against the missions, raised the alarm over their habit of making spending outside their budgets and without the approval of the National Assembly.]]>62africa_business_radio,foreign_mission,fund_misappropation,news,nigeriacleanfullhttps://www.spreaker.com/episode/eu-s-borrell-says-visa-ban-for-russians-would-lack-support--51064705Borrell says cutting the relationship with the Russian civilian population will not help and will have the required unanimity.
The foreign ministers would need to reach a unanimous agreement to implement a ban, which would be the bloc’s latest action intended to publish Russia over its invasion of Ukraine.]]>https://api.spreaker.com/episode/51064705Mon, 29 Aug 2022 13:19:25 +0000Africa Business RadioEU foreign policy chief Josep Borrell says European Union foreign ministers are unlikely to unanimously back a ban on visas for all Russians when they meet later this week. Borrell says cutting the relationship with the Russian civilian population...Borrell says cutting the relationship with the Russian civilian population will not help and will have the required unanimity.
The foreign ministers would need to reach a unanimous agreement to implement a ban, which would be the bloc’s latest action intended to publish Russia over its invasion of Ukraine.]]>47africa_business_radio,european_union,news,russia,ukraine,visa_bancleanfullhttps://www.spreaker.com/episode/colombia-to-suspend-aerial-bombings-against-armed-groups--51064704Defence Minister Ivan Velasquez says that the move was a symbol of the government’s willingness to engage in possible talks with armed groups.
Velasquez says they are going to evaluate the specific moment in which an absolute guideline can be established.]]>https://api.spreaker.com/episode/51064704Mon, 29 Aug 2022 13:17:06 +0000Africa Business RadioColombia’s new left-wing government says it will suspend aerial bombings targeting armed groups, in an effort to minimise the deaths of civilians and children who have been forcibly recruited into the organisations. Defence Minister Ivan Velasquez...Defence Minister Ivan Velasquez says that the move was a symbol of the government’s willingness to engage in possible talks with armed groups.
Velasquez says they are going to evaluate the specific moment in which an absolute guideline can be established.]]>46aerial_bombing,africa_business_radio,colombia,newscleanfullhttps://www.spreaker.com/episode/putin-signs-decree-to-increase-russian-army-headcount--51064702Putin last set the army headcount in 2017 at around 1.9 million people with 1.01 million soldiers.
The decree comes at a time of soaring tensions between Moscow and Western countries that have sanctioned Russia over its operation in Ukraine]]>https://api.spreaker.com/episode/51064702Mon, 29 Aug 2022 13:14:11 +0000Africa Business RadioRussian President Vladimir Putin signed a decree to increase the headcount of the country’s army, as Moscow’s military intervention in Ukraine enters its seventh month. Putin last set the army headcount in 2017 at around 1.9 million people with 1.01...Putin last set the army headcount in 2017 at around 1.9 million people with 1.01 million soldiers.
The decree comes at a time of soaring tensions between Moscow and Western countries that have sanctioned Russia over its operation in Ukraine]]>44africa_business_radio,moscow,news,putin,russiacleanfullhttps://www.spreaker.com/episode/imf-approves-funds-for-mozambique-to-improve-transportation--51064701World Bank Director for Mozambique Idah Pswarayi-Riddihough says the funds will be used to improve road access to poor neighbourhoods and improve the country's transport system and other infrastructure projects.
She says the operation will ultimately contribute to expanding economic opportunity and social inclusion. Poor access to jobs and services is a major constraint on urban economic productivity.]]>https://api.spreaker.com/episode/51064701Mon, 29 Aug 2022 13:11:39 +0000Africa Business RadioThe World Bank has approved the equivalent of $250m from the International Development Association for Mozambique to improve transport in the capital, Maputo. World Bank Director for Mozambique Idah Pswarayi-Riddihough says the funds will be used...World Bank Director for Mozambique Idah Pswarayi-Riddihough says the funds will be used to improve road access to poor neighbourhoods and improve the country's transport system and other infrastructure projects.
She says the operation will ultimately contribute to expanding economic opportunity and social inclusion. Poor access to jobs and services is a major constraint on urban economic productivity.]]>53africa,africa_business_radio,imf,mozambique,news,transportation,world_bankcleanfullhttps://www.spreaker.com/episode/kenya-airways-record-unremitted-28m-in-forex-payments--51064699The airline says it is relying on diplomatic talks led by the Kenyan authorities for the funds in Ethiopia, Malawi and Nigeria to be released.
The International Air Transport Association says up to $1bn is owed to airlines across Africa, which poses yet another risk to the aviation industry already hit by the Covid-19 pandemic.]]>https://api.spreaker.com/episode/51064699Mon, 29 Aug 2022 13:06:27 +0000Africa Business RadioKenya Airways Chief Executive Allan Kilavuka says the amount of money Kenya’s national airline is trying to repatriate from Ethiopia, Malawi and Nigeria is $28m. The airline says it is relying on diplomatic talks led by the Kenyan authorities for...The airline says it is relying on diplomatic talks led by the Kenyan authorities for the funds in Ethiopia, Malawi and Nigeria to be released.
The International Air Transport Association says up to $1bn is owed to airlines across Africa, which poses yet another risk to the aviation industry already hit by the Covid-19 pandemic.]]>50africa,africa_business_radio,aviation,kenya,newscleanfullhttps://www.spreaker.com/episode/germany-to-return-hundreds-of-nigeria-s-benin-bronzes--51064698The agreement was signed between the Foundation of Prussian Cultural Heritage and Nigeria's National Commission for Museums and Monuments.
The foundation says the first objects will be returned to Nigeria this year from the Ethnological Museum in Berlin.]]>https://api.spreaker.com/episode/51064698Mon, 29 Aug 2022 13:03:28 +0000Africa Business RadioGermany has signed an agreement to transfer ownership of 512 Benin Bronzes, hailed as the largest return of cultural artefacts looted from the continent in the 19th century. The agreement was signed between the Foundation of Prussian Cultural...The agreement was signed between the Foundation of Prussian Cultural Heritage and Nigeria's National Commission for Museums and Monuments.
The foundation says the first objects will be returned to Nigeria this year from the Ethnological Museum in Berlin.]]>44africa_business_radio,benin,cultural_artefacts,germany,heritage,news,nigeriacleanfullhttps://www.spreaker.com/episode/macron-urges-ties-with-algeria-beyond-painful-past--51064696Mr Macron announced that a joint Franco-Algerian commission of historians would be set up to study archives on French colonial rule in Algeria.
Mr Macron is also keen to secure access to Algeria's huge stocks of untapped oil and gas, as Europe faces shortages because of Russia's invasion of Ukraine.]]>https://api.spreaker.com/episode/51064696Mon, 29 Aug 2022 13:00:38 +0000Africa Business RadioThe French president, Emmanuel Macron, says during a visit to Algeria that the two countries should move beyond their painful shared history and look to the future. Mr Macron announced that a joint Franco-Algerian commission of historians would be...Mr Macron announced that a joint Franco-Algerian commission of historians would be set up to study archives on French colonial rule in Algeria.
Mr Macron is also keen to secure access to Algeria's huge stocks of untapped oil and gas, as Europe faces shortages because of Russia's invasion of Ukraine.]]>46africa,africa_business_radio,algeria,france,international_ties,newscleanfullhttps://www.spreaker.com/episode/central-bank-of-nigeria-unveils-e-naira-ussd-code-in-kano--51064695The Deputy Governor, Operations Directorate of the CBN, Mr Folashadun Adebisi Shonubi says it was another milestone in delivering digital financial services to Nigerians and enabling their participation in the global digital economy.
He urged Nigerians to embrace the central bank digital currency, describing it as safe, saying it would help in reducing the number of the country’s unbanked population.]]>https://api.spreaker.com/episode/51064695Mon, 29 Aug 2022 12:57:14 +0000Africa Business RadioThe Central Bank of Nigeria has unveiled the *997# USSD code in Kano State as part of efforts to reduce the use of cash in commercial activities in the country. The Deputy Governor, Operations Directorate of the CBN, Mr Folashadun Adebisi Shonubi...The Deputy Governor, Operations Directorate of the CBN, Mr Folashadun Adebisi Shonubi says it was another milestone in delivering digital financial services to Nigerians and enabling their participation in the global digital economy.
He urged Nigerians to embrace the central bank digital currency, describing it as safe, saying it would help in reducing the number of the country’s unbanked population.]]>54africa_business_radio,central_bank,digital_currency,e_naira,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-urged-to-increase-education-funding-from-7-to-20--51064694The UN Humanitarian Coordinator in Nigeria, Matthias Schmale,says in Nigeria’s 2022 federal budget, there was an increase to seven per cent on education, but the evaluation says it would need to increase to 20 per cent with clear accountabilities on delivery.
He also noted that Nigeria was the first country to conduct and deliver independent comprehensive evaluations of SDG-3 and SDG-4.]]>https://api.spreaker.com/episode/51064694Mon, 29 Aug 2022 12:50:08 +0000Africa Business RadioThe United Nations has sounded a note of warning that Nigeria may not achieve the global agenda for universal inclusive and equitable basic education for all school-age children by 2030 if the current seven per cent budget for education by the federal...The UN Humanitarian Coordinator in Nigeria, Matthias Schmale,says in Nigeria’s 2022 federal budget, there was an increase to seven per cent on education, but the evaluation says it would need to increase to 20 per cent with clear accountabilities on delivery.
He also noted that Nigeria was the first country to conduct and deliver independent comprehensive evaluations of SDG-3 and SDG-4.]]>64africa_business_radio,asuu,educational_budget,funding,nigeria,united_nationscleanfullhttps://www.spreaker.com/episode/nigerian-government-advises-nigerians-against-travelling-to-northern-cyprus--51064693Dabiri-Erewa says there is little the Federal Government can do to diplomatically resolve issues in the territory because Northern Cyprus is not recognised by the international community except Turkey.
Dabiri-Erewa also urged Nigerians in Diaspora not to be afraid to invest in the country because of insecurity.
She says it is only temporary because of stiff measures currently employed by the Federal Government to tackle the situation.]]>https://api.spreaker.com/episode/51064693Mon, 29 Aug 2022 12:45:44 +0000Africa Business RadioThe Chairman of the Nigeria Diaspora Commission, Abike Dabiri-Erewa has warned Nigerians not to travel to Northern Cyprus. Dabiri-Erewa says there is little the Federal Government can do to diplomatically resolve issues in the territory because...Dabiri-Erewa says there is little the Federal Government can do to diplomatically resolve issues in the territory because Northern Cyprus is not recognised by the international community except Turkey.
Dabiri-Erewa also urged Nigerians in Diaspora not to be afraid to invest in the country because of insecurity.
She says it is only temporary because of stiff measures currently employed by the Federal Government to tackle the situation.]]>52africa_business_radio,cyprus,insecurity,news,nigeria,racisimcleanfullhttps://www.spreaker.com/episode/china-hit-by-drought-after-record-heatwave--51037705The world’s second-largest economy has experienced over 70 days of heatwaves, flash floods and droughts phenomena that scientists say are becoming more frequent and intense due to climate change.
Experts say the intensity, scope and duration of the heatwave could make it one of the worst recorded in global history.
A chart from the National Climate Centre showed that swathes of southern China were experiencing severe to extraordinary drought conditions.]]>https://api.spreaker.com/episode/51037705Fri, 26 Aug 2022 13:38:10 +0000Africa Business RadioA crippling drought exacerbated by a record heatwave has spread across half of China and reached the normally frigid Tibetan Plateau. The world’s second-largest economy has experienced over 70 days of heatwaves, flash floods and droughts phenomena...The world’s second-largest economy has experienced over 70 days of heatwaves, flash floods and droughts phenomena that scientists say are becoming more frequent and intense due to climate change.
Experts say the intensity, scope and duration of the heatwave could make it one of the worst recorded in global history.
A chart from the National Climate Centre showed that swathes of southern China were experiencing severe to extraordinary drought conditions.]]>70africa_business_radio,china,climat_change,heat_wave,newscleanfullhttps://www.spreaker.com/episode/world-food-programme-accuses-tigray-forces-of-looting-fuel--51037704The UN and the US have urged Ethiopian troops and the Tigrayan forces to restore a humanitarian truce.
UN chief António Guterres says he was shocked by the resurgence in fighting, while the US expressed concern that renewed clashes could jeopardise progress made over the past five months.
The chair of the African Union Commission, Moussa Faki Mahamat, also called for the immediate cessation of hostilities and urged the warring sides to resume talks.]]>https://api.spreaker.com/episode/51037704Fri, 26 Aug 2022 13:36:05 +0000Africa Business RadioThe UN World Food Programme says Tigrayan forces in northern Ethiopia have looted a million litres of fuel from its warehouses in Tigray’s capital, Mekelle, that was meant to be used to deliver aid. The UN and the US have urged Ethiopian troops and...The UN and the US have urged Ethiopian troops and the Tigrayan forces to restore a humanitarian truce.
UN chief António Guterres says he was shocked by the resurgence in fighting, while the US expressed concern that renewed clashes could jeopardise progress made over the past five months.
The chair of the African Union Commission, Moussa Faki Mahamat, also called for the immediate cessation of hostilities and urged the warring sides to resume talks.]]>65africa,africa_business_radio,ethiopia,news,tigray,uncleanfullhttps://www.spreaker.com/episode/ghana-shop-owners-threaten-to-strike-over-inflation--51037703At 10 cedis to the US dollar, traders are finding it difficult to stay in business as the cost of importing and clearing goods continues to rise.
Prices for most basic goods and services have doubled over the last couple of months in Ghana, but incomes for the most part.
The Ghana Institute of Freight Forwarders, an umbrella body for clearing agents, says it will also cease operations on Monday.
Inflation in Ghana now stands at over 31% - the highest in the last 20 years.
The government has pointed the blame at the Covid-19 pandemic and the recent Russia-Ukraine war.]]>https://api.spreaker.com/episode/51037703Fri, 26 Aug 2022 13:34:36 +0000Africa Business RadioShop owners in Ghana are threatening to close their business premises next Monday to protest against the weakening of the country’s currency, the cedi. At 10 cedis to the US dollar, traders are finding it difficult to stay in business as the cost of...At 10 cedis to the US dollar, traders are finding it difficult to stay in business as the cost of importing and clearing goods continues to rise.
Prices for most basic goods and services have doubled over the last couple of months in Ghana, but incomes for the most part.
The Ghana Institute of Freight Forwarders, an umbrella body for clearing agents, says it will also cease operations on Monday.
Inflation in Ghana now stands at over 31% - the highest in the last 20 years.
The government has pointed the blame at the Covid-19 pandemic and the recent Russia-Ukraine war.]]>63africa,africa_business_radio,ghana,inflation,newscleanfullhttps://www.spreaker.com/episode/world-bank-nigerian-state-to-construct-6-300km-rural-roads--51037698The Director-General, Kano State Rural Access and Agricultural Marketing Project, Yahaya GarinAli, reiterated the government’s commitment towards improving access roads and agricultural infrastructural development in the state.
The State project Coordinator, Sunusi Suleiman, described the training as a fulfillment of the requirements by the World Bank to operationalise the use of Nigeria Rural Transport Infrastructure Management System software designed to help monitor progress of work during construction.’]]>https://api.spreaker.com/episode/51037698Fri, 26 Aug 2022 13:32:57 +0000Africa Business RadioThe Kano State Government, in collaboration with the World Bank and French Development Agency, will construct 6,300 kilometres of rural roads across the state. The Director-General, Kano State Rural Access and Agricultural Marketing Project, Yahaya...The Director-General, Kano State Rural Access and Agricultural Marketing Project, Yahaya GarinAli, reiterated the government’s commitment towards improving access roads and agricultural infrastructural development in the state.
The State project Coordinator, Sunusi Suleiman, described the training as a fulfillment of the requirements by the World Bank to operationalise the use of Nigeria Rural Transport Infrastructure Management System software designed to help monitor progress of work during construction.’]]>77africa_business_radio,news,nigeria,transportation,world_bankcleanfullhttps://www.spreaker.com/episode/nigerian-government-says-resuming-abuja-kaduna-train-service-insensitive--51037696It says the options available also include the DSS-approved system deployed by the Kano State Government to frustrate terrorist activities in the vast Falgore forest.]]>https://api.spreaker.com/episode/51037696Fri, 26 Aug 2022 13:31:04 +0000Africa Business RadioThe Federal Government, says recommencing the Abuja-Kaduna train service while some of the passengers kidnapped by terrorists during the March 28 train attack will be insensitive to their families. It says the options available also include the...It says the options available also include the DSS-approved system deployed by the Kano State Government to frustrate terrorist activities in the vast Falgore forest.]]>73africa_business_radio,insecurity,news,nigeria,terrorismcleanfullhttps://www.spreaker.com/episode/nigerian-government-relies-on-customs-firs-revenue-to-pay-salaries--51037693Keyamo’s statement corroborated an earlier report by the Nigerian National Petroleum Company Limited on July 20 that it would no longer remit money to the Federation Accounts Allocation Committee for sharing to the three tiers of government monthly.
The NNPC hinged the decision on its latest transition from a public corporation to a limited liability company, adding that all monetary arrears to the committee were owed by the old corporation and not the new oil company.]]>https://api.spreaker.com/episode/51037693Fri, 26 Aug 2022 13:29:34 +0000Africa Business RadioThe Minister of State for Labour and Employment, Festus Keyamo, says the President, Muhammadu Buhari relies heavily on funds generated by Nigeria Customs Service and Federal Inland Revenue Service. Keyamo’s statement corroborated an earlier report...Keyamo’s statement corroborated an earlier report by the Nigerian National Petroleum Company Limited on July 20 that it would no longer remit money to the Federation Accounts Allocation Committee for sharing to the three tiers of government monthly.
The NNPC hinged the decision on its latest transition from a public corporation to a limited liability company, adding that all monetary arrears to the committee were owed by the old corporation and not the new oil company.]]>65africa_business_radio,custom_service,news,nigeria,revenuecleanfullhttps://www.spreaker.com/episode/nigeria-s-police-commission-union-declares-indefinite-strike--51037691The union noted that the strike will commence with effect from Monday, August 29, 2022.
Chairman of the Joint Service Union, PSC chapter, Mr Adoyi Adoyi, noted that the IGP and other police chiefs in connivance with the chairman of the PSC have overruled the constitutional duty of the PSC.
Adoyi added that the IGP has allegedly taken it upon himself to carry out the functions of the PSC in flagrant disregard of the Nigeria constitution, a verdict of the Appeal Court, and the authorities of the PSC.]]>https://api.spreaker.com/episode/51037691Fri, 26 Aug 2022 13:28:02 +0000Africa Business RadioThe Joint Union Congress of the Police Service Commission has issued a notice of indefinite strike to the management of the commission over a breach of the agreement. The union noted that the strike will commence with effect from Monday, August 29,...The union noted that the strike will commence with effect from Monday, August 29, 2022.
Chairman of the Joint Service Union, PSC chapter, Mr Adoyi Adoyi, noted that the IGP and other police chiefs in connivance with the chairman of the PSC have overruled the constitutional duty of the PSC.
Adoyi added that the IGP has allegedly taken it upon himself to carry out the functions of the PSC in flagrant disregard of the Nigeria constitution, a verdict of the Appeal Court, and the authorities of the PSC.]]>78africa_business_radio,industrial_action,news,nigeria,policecleanfullhttps://www.spreaker.com/episode/nigerian-government-advises-nigerians-against-travelling-to-northern-cyprus--51037690Dabiri-Erewa says there is little the Federal Government can do to diplomatically resolve issues in the territory because Northern Cyprus is not recognised by the international community except Turkey.
Dabiri-Erewa also urged Nigerians in Diaspora not to be afraid to invest in the country because of insecurity.
She says it is only temporary because of stiff measures currently employed by the Federal Government to tackle the situation.]]>https://api.spreaker.com/episode/51037690Fri, 26 Aug 2022 13:26:06 +0000Africa Business RadioThe Chairman of the Nigeria Diaspora Commission, Abike Dabiri-Erewa has warned Nigerians not to travel to Northern Cyprus. Dabiri-Erewa says there is little the Federal Government can do to diplomatically resolve issues in the territory because...Dabiri-Erewa says there is little the Federal Government can do to diplomatically resolve issues in the territory because Northern Cyprus is not recognised by the international community except Turkey.
Dabiri-Erewa also urged Nigerians in Diaspora not to be afraid to invest in the country because of insecurity.
She says it is only temporary because of stiff measures currently employed by the Federal Government to tackle the situation.]]>71africa_business_radio,investing,news,nigeriacleanfullhttps://www.spreaker.com/episode/australia-announces-inquiry-into-morrison-s-secret-ministries--51016816Albanese announced the move after Solicitor General Stephen Donaghue concluded that while Morrison’s appointments were legal, they fundamentally undermined the responsible government.
Lawyers for Donald Trump have asked a federal judge to prevent the FBI from continuing to review documents recovered earlier this month from the former United States president’s Florida home until a neutral special master is appointed to inspect the records.]]>https://api.spreaker.com/episode/51016816Wed, 24 Aug 2022 15:54:09 +0000Africa Business RadioAustralia’s Prime Minister Anthony Albanese has announced an independent inquiry into his predecessor Scott Morrison’s secret appointment to multiple ministries during the COVID-19 pandemic. Albanese announced the move after Solicitor General...Albanese announced the move after Solicitor General Stephen Donaghue concluded that while Morrison’s appointments were legal, they fundamentally undermined the responsible government.
Lawyers for Donald Trump have asked a federal judge to prevent the FBI from continuing to review documents recovered earlier this month from the former United States president’s Florida home until a neutral special master is appointed to inspect the records.]]>56africa_business_radio,australia,news,united_statescleanfullhttps://www.spreaker.com/episode/the-united-nation-warns-guinea-over-human-rights--51016812UN Rights Commissioner Michelle Bachelet wants Guinea's government to investigate alleged violence at the hands of security forces during the protests, free those arrested and re-institute the opposition coalition called the National Front for the Defence of the Constitution.]]>https://api.spreaker.com/episode/51016812Wed, 24 Aug 2022 15:51:18 +0000Africa Business RadioThe UN has expressed deep concern about the state of human rights in Guinea after the country's ruling junta dissolved an opposition group and clamped down on recent protests. UN Rights Commissioner Michelle Bachelet wants Guinea's government to...UN Rights Commissioner Michelle Bachelet wants Guinea's government to investigate alleged violence at the hands of security forces during the protests, free those arrested and re-institute the opposition coalition called the National Front for the Defence of the Constitution.]]>45africa_business_radio,guinea,human_right,news,uncleanfullhttps://www.spreaker.com/episode/us-court-orders-84m-in-damages-for-liberia-church-massacre--51016811The victims were represented by the San Francisco-based Centre for Justice and Accountability.
The ruling came after the court held one of the army commanders of Samuel Doe responsible for the killings.
It is not clear how the US court intends to get the authorities in Liberia to collaborate in getting the award paid to the victims.]]>https://api.spreaker.com/episode/51016811Wed, 24 Aug 2022 15:48:35 +0000Africa Business RadioA court in the US state of Pennsylvania has issued historic damages totalling $84m to four victims of the Lutheran Church Massacre, one of the deadliest attacks on civilians during Liberia’s civil conflict from 1989 to 2003. More than 600 people were...The victims were represented by the San Francisco-based Centre for Justice and Accountability.
The ruling came after the court held one of the army commanders of Samuel Doe responsible for the killings.
It is not clear how the US court intends to get the authorities in Liberia to collaborate in getting the award paid to the victims.]]>57africa_business_radio,historical_amage,liberia,news,u.scleanfullhttps://www.spreaker.com/episode/egypt-hosts-arab-summit-with-nile-dam-row-on-agenda--51016809The leaders of Bahrain, the UAE, Iraq and Jordan are said to be attending.
Among the topics expected to be discussed are the conflicts in Yemen, Syria and Libya, the latest round of Israel-Gaza fighting earlier this month and Egypt and Sudan’s dispute with Ethiopia over its Renaissance Dam on the Nile.]]>https://api.spreaker.com/episode/51016809Wed, 24 Aug 2022 15:46:30 +0000Africa Business RadioThe mega-dam has caused a row between Egypt and Ethiopia. Egyptian media are reporting that President Abdel Fattah al-Sisi is hosting a five-nation Arab summit in the Mediterranean coastal city of New Alamein. The leaders of Bahrain, the UAE, Iraq...The leaders of Bahrain, the UAE, Iraq and Jordan are said to be attending.
Among the topics expected to be discussed are the conflicts in Yemen, Syria and Libya, the latest round of Israel-Gaza fighting earlier this month and Egypt and Sudan’s dispute with Ethiopia over its Renaissance Dam on the Nile.]]>53africa,africa_business_radio,egypt,ethiopia,mega_dam_dispute,newscleanfullhttps://www.spreaker.com/episode/nigerian-government-launches-free-rotavirus-vaccine-against-diarrhoea--51016807Global health report showed that Rotavirus is one of the leading causes of diarrhoea disease in the world and is responsible for over 40 per cent of the infection in children.
The Executive Director of the National Primary Health Care Development Agency Dr Faisal Shuaib, says approximately 50,000 deaths occur in children under five years in Nigeria annually as a result of Rotavirus infection.
He says Nigeria has the second highest number of deaths from rotavirus, accounting for 14 per cent of all childhood rotavirus deaths worldwide.]]>https://api.spreaker.com/episode/51016807Wed, 24 Aug 2022 15:44:37 +0000Africa Business RadioThe federal government has commenced free vaccination of children below one year of age in the country with RotaVirus vaccines. Global health report showed that Rotavirus is one of the leading causes of diarrhoea disease in the world and is...Global health report showed that Rotavirus is one of the leading causes of diarrhoea disease in the world and is responsible for over 40 per cent of the infection in children.
The Executive Director of the National Primary Health Care Development Agency Dr Faisal Shuaib, says approximately 50,000 deaths occur in children under five years in Nigeria annually as a result of Rotavirus infection.
He says Nigeria has the second highest number of deaths from rotavirus, accounting for 14 per cent of all childhood rotavirus deaths worldwide.]]>60africa_business_radio,diarrhoea,news,nigeria,rotaviruscleanfullhttps://www.spreaker.com/episode/nigerian-government-begins-talks-with-airlines-over-trapped-funds--51016804Emirates Airlines last week announced that it would stop all scheduled operations to Nigeria from September 1, 2022, if no action was taken by the government to address the airline’s revenues which it had been unable to repatriate, which have risen to about $95 million.
There are also indications that other foreign airlines might review their operations in Nigeria over their inability to repatriate their earnings from the country.
The minister says there was a need to first test-run the facility and be extremely certain that the equipment was working optimally before the terminal would be put to use.]]>https://api.spreaker.com/episode/51016804Wed, 24 Aug 2022 15:41:44 +0000Africa Business RadioThe Minister of Information and Culture, Alhaji Lai Mohammed says relevant authorities are working towards addressing issues concerning the revenue of foreign airlines that have been trapped in Nigeria, put at over $600 million. Emirates Airlines...Emirates Airlines last week announced that it would stop all scheduled operations to Nigeria from September 1, 2022, if no action was taken by the government to address the airline’s revenues which it had been unable to repatriate, which have risen to about $95 million.
There are also indications that other foreign airlines might review their operations in Nigeria over their inability to repatriate their earnings from the country.
The minister says there was a need to first test-run the facility and be extremely certain that the equipment was working optimally before the terminal would be put to use.]]>69africa_business_radio,foreign_airline,nigeria,revenuecleanfullhttps://www.spreaker.com/episode/nigeria-s-presidential-aspirant-defends-2023-education-plan--51016802Atiku says the Federal Government does not have infinite resources.
He says the only way is to make sure that they make a conducive environment available to both foreign and local investors to participate in the country, whether it is infrastructure, whether it is education, whether it is power.]]>https://api.spreaker.com/episode/51016802Wed, 24 Aug 2022 15:39:24 +0000Africa Business RadioThe People's Democratic Party’s presidential candidate in the 2023 elections, Atiku Abubakar, says he will hand over Federal Government-owned universities to state governments. Atiku says the Federal Government does not have infinite resources. He...Atiku says the Federal Government does not have infinite resources.
He says the only way is to make sure that they make a conducive environment available to both foreign and local investors to participate in the country, whether it is infrastructure, whether it is education, whether it is power.]]>472023_election,africa_business_radio,education_plan,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-lacks-heroes-to-inspire-young-people--51016800Adiche says Nigerians should be open to self-criticism. This, she said, will engender good leadership in the nation.
Chimamanda noted that there is a need for resurrection adding that they cannot avoid self-criticism but criticise the government.]]>https://api.spreaker.com/episode/51016800Wed, 24 Aug 2022 15:37:11 +0000Africa Business RadioNigerian novelist Chimamanda Adichie says the country does not have heroes who will inspire its younger population. Adiche says Nigerians should be open to self-criticism. This, she said, will engender good leadership in the nation. Chimamanda...Adiche says Nigerians should be open to self-criticism. This, she said, will engender good leadership in the nation.
Chimamanda noted that there is a need for resurrection adding that they cannot avoid self-criticism but criticise the government.]]>43africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-president-vows-to-resist-attempt-to-undermine-sports-development--51016797The president directed the Ministry of Youth and Sports Development and the Nigeria Football Federation to commence implementation of the two-volume report in phases, within the relevant sections of the Nigerian laws on sports development and the statutes of the world soccer governing body, FIFA.
The president further expressed concern over the development of football in the past years, owing to the neglect of the core orientation of football administration, urging the NFF to salvage the domestic league at all levels.]]>https://api.spreaker.com/episode/51016797Wed, 24 Aug 2022 15:29:07 +0000Africa Business RadioPresident Muhammadu Buhari has vowed to resist any attempt to undermine the development of sports in the country, declaring that football as the number one sport in Nigeria remains a national asset. The president directed the Ministry of Youth and...The president directed the Ministry of Youth and Sports Development and the Nigeria Football Federation to commence implementation of the two-volume report in phases, within the relevant sections of the Nigerian laws on sports development and the statutes of the world soccer governing body, FIFA.
The president further expressed concern over the development of football in the past years, owing to the neglect of the core orientation of football administration, urging the NFF to salvage the domestic league at all levels.]]>60africa_business_radio,fifa,news,nigeria,sportcleanfullhttps://www.spreaker.com/episode/us-signs-agreement-with-nigeria-to-return-23m-abacha-loot--51016781The Minister of Justice and Attorney General of the Federation, Mr. Abubakar Malami says the fund when returned will be invested in three ongoing projects by the Federal Government, including the ongoing Abuja-Kaduna road and the 2nd Niger Bridge.
Nigeria has in the past recovered several other tranches of the Abacha loot, which are proceeds believed to have been diverted from public coffers by the military administration of General Sani Abacha in the 1990s.]]>https://api.spreaker.com/episode/51016781Wed, 24 Aug 2022 15:23:35 +0000Africa Business RadioNigeria and the United States government have reached an agreement on the return of over $23 million of the Abacha loot. The Minister of Justice and Attorney General of the Federation, Mr. Abubakar Malami says the fund when returned will be invested...The Minister of Justice and Attorney General of the Federation, Mr. Abubakar Malami says the fund when returned will be invested in three ongoing projects by the Federal Government, including the ongoing Abuja-Kaduna road and the 2nd Niger Bridge.
Nigeria has in the past recovered several other tranches of the Abacha loot, which are proceeds believed to have been diverted from public coffers by the military administration of General Sani Abacha in the 1990s.]]>57abacha_loot,africa_business_radio,news,nigeria,u.scleanfullhttps://www.spreaker.com/episode/un-fails-to-reach-agreement-to-extend-taliban-travel-ban-waiver--50995845China and Russia have called for an extension, while the United States and Western nations have sought a reduced list of Taliban officials allowed to travel to protest against the Taliban’s rollback of women’s rights and failure to form an inclusive government as it promised.
The US proposed reimposing the travel ban on seven of the 13 Taliban officials and keeping the exemption for six others, but limiting their travel only to Qatar, where US-Taliban talks have taken place, council diplomats said.]]>https://api.spreaker.com/episode/50995845Mon, 22 Aug 2022 15:22:34 +0000Africa Business RadioA United Nations waiver allowing 13 Afghan Taliban officials to travel abroad expired on Friday, as the Security Council failed to reach an agreement on whether to extend the travel exemptions. China and Russia have called for an extension, while...China and Russia have called for an extension, while the United States and Western nations have sought a reduced list of Taliban officials allowed to travel to protest against the Taliban’s rollback of women’s rights and failure to form an inclusive government as it promised.
The US proposed reimposing the travel ban on seven of the 13 Taliban officials and keeping the exemption for six others, but limiting their travel only to Qatar, where US-Taliban talks have taken place, council diplomats said.]]>58afghan,africa_business_radio,security_council,taliban,travel_ban,united_nations,u.scleanfullhttps://www.spreaker.com/episode/ethiopia-s-food-security-dependent-on-ukrainian-wheat--50995843Claire Neville, the WFP’s spokesperson for Ethiopia, told the BBC that the wheat will support the organisation’s efforts to feed millions of people affected by food insecurity as a result of protracted conflicts and severe drought.
Neville added that the food will support the body's operations across the country, where it aims to target 3.4 million people in the northern regions of Tigray, Afar and Amhara that have been impacted by a brutal civil war that broke out 22 months ago.]]>https://api.spreaker.com/episode/50995843Mon, 22 Aug 2022 15:20:46 +0000Africa Business RadioThe World Food Programme says 30,000 tonnes of Ukrainian wheat bought for its operations in Ethiopia is expected to arrive in neighbouring Djibouti next week. Claire Neville, the WFP’s spokesperson for Ethiopia, told the BBC that the wheat will...Claire Neville, the WFP’s spokesperson for Ethiopia, told the BBC that the wheat will support the organisation’s efforts to feed millions of people affected by food insecurity as a result of protracted conflicts and severe drought.
Neville added that the food will support the body's operations across the country, where it aims to target 3.4 million people in the northern regions of Tigray, Afar and Amhara that have been impacted by a brutal civil war that broke out 22 months ago.]]>54africa_business_radio,ethiopi,food_insecurity,news,ukraine,world_food_programcleanfullhttps://www.spreaker.com/episode/international-energy-agency-raises-2022-global-oil-demand-estimates-to-99-7m-bpd--50995842The organisation which provides data, forecasts and analysis on the global oil market, stated that the projection was hinged on soaring oil use for power generation and gas-to-oil switching by many countries.
The IEA report stated that World oil demand is now forecast at 99.7 million bpd in 2022 and 101.8 million bpd in 2023.
The IEA report however stated that the world oil supply hit a post-pandemic high of 100.5 million bpd in July despite Nigeria’s perennial underperformance as maintenance was completed in the North Sea, Canada and Kazakhstan.]]>https://api.spreaker.com/episode/50995842Mon, 22 Aug 2022 15:16:27 +0000Africa Business RadioThe International Energy Agency has raised its forecast for world oil demand in 2022 to 99.7 million barrels per day in 2022 and 101.8 million bpd in 2023. The organisation which provides data, forecasts and analysis on the global oil market, stated...The organisation which provides data, forecasts and analysis on the global oil market, stated that the projection was hinged on soaring oil use for power generation and gas-to-oil switching by many countries.
The IEA report stated that World oil demand is now forecast at 99.7 million bpd in 2022 and 101.8 million bpd in 2023.
The IEA report however stated that the world oil supply hit a post-pandemic high of 100.5 million bpd in July despite Nigeria’s perennial underperformance as maintenance was completed in the North Sea, Canada and Kazakhstan.]]>67africa_business_radio,global_oil,international_energy_agency,newscleanfullhttps://www.spreaker.com/episode/zambia-seeks-dangote-s-support-to-develop-agricultural-sector--50995838Minister of Commerce and Industry, Zambia, Mr Chipoka Mulenga, expressed the belief that any investment in fertiliser production would not only help the country to be self-sufficient in food production but would also help to grow the Zambian economy as well as that of the neighbouring countries.
Mulenga maintained that Dangote had been able to change the narratives through his investment in cement production across Africa, stating that Africans are now investing in the continent.]]>https://api.spreaker.com/episode/50995838Mon, 22 Aug 2022 15:14:14 +0000Africa Business RadioThe Zambian government has approached Africa’s richest man and President of Dangote Group, Alhaji Aliko Dangote pleading for support for the development of the country’s agricultural sector through the establishment of fertiliser plants in the...Minister of Commerce and Industry, Zambia, Mr Chipoka Mulenga, expressed the belief that any investment in fertiliser production would not only help the country to be self-sufficient in food production but would also help to grow the Zambian economy as well as that of the neighbouring countries.
Mulenga maintained that Dangote had been able to change the narratives through his investment in cement production across Africa, stating that Africans are now investing in the continent.]]>59africa_business_radio,agriculture,dangote,investing,news,zambiacleanfullhttps://www.spreaker.com/episode/nigerian-government-under-pressure-to-remove-corporate-bonds-tax--50995837The Director-General of SEC, Yuguda Lamido, stated that the commission is still engaging with the Honourable Minister of Finance, Budget and National Planning on the request for tax exemption on corporate bonds and short-term securities.
He says they believe that tax exemption should return to the capital market. Stakeholders also agree with this. Therefore, the commission continues its engagement with the Honourable Minister of Finance, Budget and National Planning on the request for tax exemption for corporate bonds.]]>https://api.spreaker.com/episode/50995837Mon, 22 Aug 2022 15:11:26 +0000Africa Business RadioThe Securities and Exchange Commission says that it is engaging with the federal government to reconsider the exemption of tax on corporate bonds and short-term securities. The Director-General of SEC, Yuguda Lamido, stated that the commission is...The Director-General of SEC, Yuguda Lamido, stated that the commission is still engaging with the Honourable Minister of Finance, Budget and National Planning on the request for tax exemption on corporate bonds and short-term securities.
He says they believe that tax exemption should return to the capital market. Stakeholders also agree with this. Therefore, the commission continues its engagement with the Honourable Minister of Finance, Budget and National Planning on the request for tax exemption for corporate bonds.]]>56africa_business_radio,capital_market,corporate_bonds_tax,nigeria,tax_exemptioncleanfullhttps://www.spreaker.com/episode/international-policymakers-to-dialogue-on-tackling-nigeria-s-electricity-crisis--50995833The Exhibition Manager, Energy Portfolio, Middle East and Africa, Informa Markets, Mr. Ade Yesufu, says the three day-event would be held in Lagos, from September 20 to 22, 2022, with over 3000 attendees, over 100 exhibitors from 21 countries expected.
He says Nigeria’s power sector was in dire need of technological transformation and digitalisation to compete globally and achieve sustainable growth.
Yesufu explained that the first step to achieving the above would be to attract key local and international investors not only to dialogue with other stakeholders but to also discover viable mechanisms to solve the challenges in the energy sector.]]>https://api.spreaker.com/episode/50995833Mon, 22 Aug 2022 15:08:08 +0000Africa Business RadioThe Minister of Power, Abubakar Aliyu would next month in Lagos host representatives of the United Nations, European Union, Economic Community of West African States as well as other policymakers, local and international operators and investors to...The Exhibition Manager, Energy Portfolio, Middle East and Africa, Informa Markets, Mr. Ade Yesufu, says the three day-event would be held in Lagos, from September 20 to 22, 2022, with over 3000 attendees, over 100 exhibitors from 21 countries expected.
He says Nigeria’s power sector was in dire need of technological transformation and digitalisation to compete globally and achieve sustainable growth.
Yesufu explained that the first step to achieving the above would be to attract key local and international investors not only to dialogue with other stakeholders but to also discover viable mechanisms to solve the challenges in the energy sector.]]>80africa_business_radio,ecowas,electricity_crisis,news,nigeria,policymakers,u.ncleanfullhttps://www.spreaker.com/episode/nigerian-government-moves-to-resolve-tariff-shortfalls-in-power-sector--50995832Vice President Yemi Osinbajo says the NELMCO will enhance ongoing efforts to resolve liabilities relating to tariff shortfalls for distribution companies, among other challenges plaguing Nigeria’s power sector.
The Vice President told the members that they are expected to make conscious and deliberate efforts to develop appropriate strategies to facilitate the successful conclusion of the outstanding pre-privatisation issues of the defunct PHCN.]]>https://api.spreaker.com/episode/50995832Mon, 22 Aug 2022 15:05:05 +0000Africa Business RadioThe Federal Government says it has started making moves to resolve tariff shortfalls in the power sector. Vice President Yemi Osinbajo says the NELMCO will enhance ongoing efforts to resolve liabilities relating to tariff shortfalls for...Vice President Yemi Osinbajo says the NELMCO will enhance ongoing efforts to resolve liabilities relating to tariff shortfalls for distribution companies, among other challenges plaguing Nigeria’s power sector.
The Vice President told the members that they are expected to make conscious and deliberate efforts to develop appropriate strategies to facilitate the successful conclusion of the outstanding pre-privatisation issues of the defunct PHCN.]]>60africa_business_radio,news,nigeria,power_generation,tariffcleanfullhttps://www.spreaker.com/episode/nigeria-s-election-results-for-2023-to-be-transmitted-electronic--50995829Spokesman to the commission, Festus Okoye, says INEC is not contemplating a revert to the manual process of result transmission.
Mr Okoye says the confusion regarding what method has been adopted stems from a recent short interview granted to a national newspaper on the procedure for result management during elections.
The INEC Commissioner reassured Nigerians that the electronic transmission of results has come to stay adding that this method further boosts the credibility and transparency of the electoral process when citizens follow polling unit level results on the INEC Result Viewing portal in real-time on Election Day.]]>https://api.spreaker.com/episode/50995829Mon, 22 Aug 2022 15:00:58 +0000Africa Business RadioThe Independent National Electoral Commission says contrary to reports making the rounds, it has not discarded the electronic transmission of election results. Spokesman to the commission, Festus Okoye, says INEC is not contemplating a revert to...Spokesman to the commission, Festus Okoye, says INEC is not contemplating a revert to the manual process of result transmission.
Mr Okoye says the confusion regarding what method has been adopted stems from a recent short interview granted to a national newspaper on the procedure for result management during elections.
The INEC Commissioner reassured Nigerians that the electronic transmission of results has come to stay adding that this method further boosts the credibility and transparency of the electoral process when citizens follow polling unit level results on the INEC Result Viewing portal in real-time on Election Day.]]>652023_election,africa_business_radio,news,nigeriacleanfullhttps://www.spreaker.com/episode/china-imposes-sanctions-on-seven-taiwan-secessionist-officials--50962691The group will be banned from entering mainland China and the territories of Hong Kong and Macau, and restricted from working with Chinese officials.
The seven officials targeted by Beijing include Bi-khim Hsiao, Taiwan’s representative in the United States.
Xinhua says the punitive measures were necessary to safeguard the peaceful development of the cross-Strait relations and the immediate interests of the people on both sides of the Strait.]]>https://api.spreaker.com/episode/50962691Fri, 19 Aug 2022 16:22:01 +0000Africa Business RadioChina says it is blacklisting seven Taiwan officials over their alleged support for the self-ruled island’s independence. The group will be banned from entering mainland China and the territories of Hong Kong and Macau, and restricted from working...The group will be banned from entering mainland China and the territories of Hong Kong and Macau, and restricted from working with Chinese officials.
The seven officials targeted by Beijing include Bi-khim Hsiao, Taiwan’s representative in the United States.
Xinhua says the punitive measures were necessary to safeguard the peaceful development of the cross-Strait relations and the immediate interests of the people on both sides of the Strait.]]>59africabusinessradio,africapodcastnetwork,china,newscast,sanctions,taiwancleanfullhttps://www.spreaker.com/episode/keir-starmer-calls-for-extra-windfall-tax-to-freeze-energy-bills--50962668The Labour leader claimed his proposals would save the average household £1,000.
economists however said the plan would cost as much as the Covid furlough scheme, if it was extended beyond this winter.
The government has already announced what is says is £37bn of support for hard-pressed families, but it is under pressure to do more, with bills set to rocket over the winter.]]>https://api.spreaker.com/episode/50962668Fri, 19 Aug 2022 16:19:00 +0000Africa Business RadioSir Keir Starmer says families would not pay a penny more on their energy bills this winter under Labour's plans to tackle rising living costs. The Labour leader claimed his proposals would save the average household £1,000. economists however said...The Labour leader claimed his proposals would save the average household £1,000.
economists however said the plan would cost as much as the Covid furlough scheme, if it was extended beyond this winter.
The government has already announced what is says is £37bn of support for hard-pressed families, but it is under pressure to do more, with bills set to rocket over the winter.]]>58africabusinessradio,africapodcastnetwork,energy,keirstarmer,newscast,taxcleanfullhttps://www.spreaker.com/episode/russia-reopens-bond-market-to-not-hostile-investors--50962652It says only investors from countries that are not hostile will be allowed to trade bonds.
The Moscow Exchange says it would be reopening its bond market to "non-resident clients from countries that are not hostile, as well as non-residents whose ultimate beneficiaries are Russian legal entities or individuals.
It added that banks, brokers and investment management companies had started registering their foreign clients with the exchange.]]>https://api.spreaker.com/episode/50962652Fri, 19 Aug 2022 16:16:52 +0000Africa Business RadioThe Moscow Exchange will be partially reopened to foreign investors after a nearly six-month suspension during the Ukraine war. It says only investors from countries that are not hostile will be allowed to trade bonds. The Moscow Exchange says it...It says only investors from countries that are not hostile will be allowed to trade bonds.
The Moscow Exchange says it would be reopening its bond market to "non-resident clients from countries that are not hostile, as well as non-residents whose ultimate beneficiaries are Russian legal entities or individuals.
It added that banks, brokers and investment management companies had started registering their foreign clients with the exchange.]]>59africabusinessradio,africapodcastnetwork,bondmarket,investors,newscast,russiacleanfullhttps://www.spreaker.com/episode/saudi-aramco-tops-own-record-with-48-4bn-quarterly-profit--50962637It is a 90% year-on-year increase and marks the biggest earnings for the world's largest energy exporter since its public listing three years ago.
Bloomberg reports that the Saudi oil giant's figure represents the biggest quarterly adjusted profit of any listed company.
The state-owned Saudi energy giant announced it would keep its dividend unchanged at $18.8bn for the third quarter.]]>https://api.spreaker.com/episode/50962637Fri, 19 Aug 2022 16:15:03 +0000Africa Business RadioSaudi oil giant Aramco has broken its own record with a $48.4bn profit for the second quarter of 2022. It is a 90% year-on-year increase and marks the biggest earnings for the world's largest energy exporter since its public listing three years ago....It is a 90% year-on-year increase and marks the biggest earnings for the world's largest energy exporter since its public listing three years ago.
Bloomberg reports that the Saudi oil giant's figure represents the biggest quarterly adjusted profit of any listed company.
The state-owned Saudi energy giant announced it would keep its dividend unchanged at $18.8bn for the third quarter.]]>58africabusinessradio,africanetworkpodcast,commodities,newscast,oilmarket,saudiaramcocleanfullhttps://www.spreaker.com/episode/uk-to-cut-taxes-on-imports-from-africa--50962623The preferential terms, which come into effect early next year, will affect products ranging from food to textiles.
Under the Developing Countries Trading Scheme, 99% of goods imported from Africa will be duty free.
Ministers say the scheme helps to fulfil the post-Brexit pledge to take back control of the country's trade policy while also reducing dependence on aid.]]>https://api.spreaker.com/episode/50962623Fri, 19 Aug 2022 16:13:05 +0000Africa Business RadioThe UK has launched a scheme to cut tariffs on hundreds of products from some of the world's poorest countries to try to boost trade links. The preferential terms, which come into effect early next year, will affect products ranging from food to...The preferential terms, which come into effect early next year, will affect products ranging from food to textiles.
Under the Developing Countries Trading Scheme, 99% of goods imported from Africa will be duty free.
Ministers say the scheme helps to fulfil the post-Brexit pledge to take back control of the country's trade policy while also reducing dependence on aid.]]>57africabusinessradio,africapodcastnetwork,importtax,newscast,ukcleanfullhttps://www.spreaker.com/episode/egypt-to-suspend-role-in-un-force-in-mali--50962607The decision also comes as activists backing Mali’s military-led government continue to demand Minusma’s expulsion over its perceived failure to protect civilians from attacks.
Egypt's mission to the UN in New York said last month that the Egyptian contingent of Minusma would be temporarily withdrawn but did not indicate how long the suspension would last.
Egypt has about 1,000 soldiers in Minusma, mainly providing logistical support.]]>https://api.spreaker.com/episode/50962607Fri, 19 Aug 2022 16:11:09 +0000Africa Business RadioEgypt says it will temporarily suspend its participation in the UN peacekeeping force in Mali starting on Monday over concerns about the security of its troops. The decision also comes as activists backing Mali’s military-led government continue to...The decision also comes as activists backing Mali’s military-led government continue to demand Minusma’s expulsion over its perceived failure to protect civilians from attacks.
Egypt's mission to the UN in New York said last month that the Egyptian contingent of Minusma would be temporarily withdrawn but did not indicate how long the suspension would last.
Egypt has about 1,000 soldiers in Minusma, mainly providing logistical support.]]>63africabusinessradio,africapodcastnetwork,egypt,mali,newscast,soldiers,unpeacekeepingcleanfullhttps://www.spreaker.com/episode/nigerian-police-launch-grand-offensive-against-criminals-nationwide--50962592Baba also ordered regular patrols, stop-and-search, raids, and show of force by tactical commanders to clamp down on crime and criminality in the country.
The IGP directed Assistant Inspectors-General of Police and the 36 police commissioners in the federation and the Federal Capital Territory (FCT) to prioritise the use of intelligence gathering networks, particularly traditional/local intelligence, to locate criminal hideouts and flush them out before they could strike.]]>https://api.spreaker.com/episode/50962592Fri, 19 Aug 2022 16:09:12 +0000Africa Business RadioInspector-General of Police, Usman Baba, ordered the deployment of watertight security arrangements to cover all schools, hospitals, health workers, and critical national infrastructure across the country. Baba also ordered regular patrols,...Baba also ordered regular patrols, stop-and-search, raids, and show of force by tactical commanders to clamp down on crime and criminality in the country.
The IGP directed Assistant Inspectors-General of Police and the 36 police commissioners in the federation and the Federal Capital Territory (FCT) to prioritise the use of intelligence gathering networks, particularly traditional/local intelligence, to locate criminal hideouts and flush them out before they could strike.]]>67africabusinessradio,africanews,criminalcases,newscast,nigeria,nigerianpolicecleanfullhttps://www.spreaker.com/episode/nigerian-government-raises-fresh-fraud-claims-against-p-id--50962571The federal government would seek to prove to the court that P&ID did not make full disclosure to the court in the first place in the course of the case.]]>https://api.spreaker.com/episode/50962571Fri, 19 Aug 2022 16:06:56 +0000Africa Business RadioNigeria has levelled fresh claims of fraud against a little-known offshore firm, Process and Industrial Developments, which earlier won an $11 billion arbitration award against the country, ramping up the pressure ahead of one of the biggest London...The federal government would seek to prove to the court that P&ID did not make full disclosure to the court in the first place in the course of the case.]]>52africa,africabusinessradio,africapodcastnetwork,courtcases,newscast,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-inflation-rate-surges-to-19-64--50962554The National Bureau of Statistics says on a month-on-month basis, the Headline inflation rate in July 2022 was 1.817 %, which was 0.001% higher than the rate recorded in June 2022 (1.816 %).
The country’s urban inflation increased by 2.08% to 20.09% in July 2022 from 18.01% in July 2021. On the other hand, the rural inflation rate reached 19.22% from 16.75% in the corresponding period of 2021.]]>https://api.spreaker.com/episode/50962554Fri, 19 Aug 2022 16:03:54 +0000Africa Business RadioThe country’s Consumer Price Index, which measures the level of price change in goods and services, hit 19.64 percent in July 2022 from the 18.60 percent recorded in the last month. The National Bureau of Statistics says on a month-on-month basis,...The National Bureau of Statistics says on a month-on-month basis, the Headline inflation rate in July 2022 was 1.817 %, which was 0.001% higher than the rate recorded in June 2022 (1.816 %).
The country’s urban inflation increased by 2.08% to 20.09% in July 2022 from 18.01% in July 2021. On the other hand, the rural inflation rate reached 19.22% from 16.75% in the corresponding period of 2021.]]>73africabusinessradio,inflationrate,newscast,nigeria,stockmarketcleanfullhttps://www.spreaker.com/episode/nigerian-government-urged-to-declare-state-of-emergency-on-security--50962491Ndume says the government should prioritise the security of Nigerians.
He says the earlier they prioritise this seriously and even declare a kind of state of emergency in the areas of security and welfare of citizens, the better for us because that is what the government is all about.]]>https://api.spreaker.com/episode/50962491Fri, 19 Aug 2022 15:57:09 +0000Africa Business RadioThe Chairman, Senate Committee on Army, Senator Ali Ndume has called on the Federal Government to declare a state of emergency on security. Ndume says the government should prioritise the security of Nigerians. He says the earlier they prioritise...Ndume says the government should prioritise the security of Nigerians.
He says the earlier they prioritise this seriously and even declare a kind of state of emergency in the areas of security and welfare of citizens, the better for us because that is what the government is all about.]]>53africabusinessradio,newscast,nigeriangovernment,securitycleanfullhttps://www.spreaker.com/episode/us-inflation-eases-in-july-as-petrol-prices-drop--50894380The Labor Department says the annual inflation rate, the pace at which prices rise, was 8.5% in July, down from June when it surged to 9.1%.
The higher costs have left many families struggling and had a significant impact on the economy.
Petrol prices fell by 7.7% compared with June, when prices at the pump had hit a record high of more than $5 per gallon on average. Overall the report was better than many analysts had expected.]]>https://api.spreaker.com/episode/50894380Fri, 12 Aug 2022 11:01:53 +0000Africa Business RadioPrices in the US continued to rise rapidly last month, but a fall in petrol costs helped to ease the pace. The Labor Department says the annual inflation rate, the pace at which prices rise, was 8.5% in July, down from June when it surged to 9.1%....The Labor Department says the annual inflation rate, the pace at which prices rise, was 8.5% in July, down from June when it surged to 9.1%.
The higher costs have left many families struggling and had a significant impact on the economy.
Petrol prices fell by 7.7% compared with June, when prices at the pump had hit a record high of more than $5 per gallon on average. Overall the report was better than many analysts had expected.]]>69africa_business_radio,inflation,news,petroleum,u.scleanfullhttps://www.spreaker.com/episode/donald-trump-refuses-to-answer-questions-in-new-york-investigation--50894378Mr Trump had sued in an effort to block the interview at the New York attorney general's office.
State officials accuse the Trump Organization of misleading authorities about the value of its assets in order to get favourable loans and tax breaks.
Mr Trump denies wrongdoing and has called the civil probe a witch hunt. An hour after he was pictured arriving at the Manhattan office where he was questioned under oath.
Mr Trump released a statement in which he criticised New York Attorney General Letitia James and the broader investigation.]]>https://api.spreaker.com/episode/50894378Fri, 12 Aug 2022 10:59:38 +0000Africa Business RadioFormer US President Donald Trump has declined to answer questions as part of a New York state investigation into his family's business practices. Mr Trump had sued in an effort to block the interview at the New York attorney general's office....Mr Trump had sued in an effort to block the interview at the New York attorney general's office.
State officials accuse the Trump Organization of misleading authorities about the value of its assets in order to get favourable loans and tax breaks.
Mr Trump denies wrongdoing and has called the civil probe a witch hunt. An hour after he was pictured arriving at the Manhattan office where he was questioned under oath.
Mr Trump released a statement in which he criticised New York Attorney General Letitia James and the broader investigation.]]>71africa_business_radio,donald_trump,investigation,news,u.scleanfullhttps://www.spreaker.com/episode/un-chief-commends-kenyans-for-peaceful-polls--50894376He commended the electoral commission and Kenyan authorities for ensuring that voters were able to exercise freely their right to vote.
He has urged politicians and voters to be calm and restrained as they wait for results.
The polls body is yet to provide the final turnout figures but the initial estimates suggest a decline from the 2017 election - when 80% of the registered 19 million voters turned out to vote.]]>https://api.spreaker.com/episode/50894376Fri, 12 Aug 2022 10:57:24 +0000Africa Business RadioUnited Nations Secretary-General António Guterres has commended Kenyans for observing peace during the elections. He commended the electoral commission and Kenyan authorities for ensuring that voters were able to exercise freely their right to vote....He commended the electoral commission and Kenyan authorities for ensuring that voters were able to exercise freely their right to vote.
He has urged politicians and voters to be calm and restrained as they wait for results.
The polls body is yet to provide the final turnout figures but the initial estimates suggest a decline from the 2017 election - when 80% of the registered 19 million voters turned out to vote.]]>66africa_business_radio,kenya,news,united_nationcleanfullhttps://www.spreaker.com/episode/ethiopia-dam-s-second-turbine-starts-producing-power--50894373The $4bn mega-dam has been a huge source of controversy between the East African country and the two downstream countries Egypt and Sudan that depend heavily on the Nile for their essential water supplies.
It is expected to generate more than 5,000 megawatts of electricity upon completion.
Prime Minister Abiy Ahmed says there hasn’t been any impact on the water supplies of the downstream countries.]]>https://api.spreaker.com/episode/50894373Fri, 12 Aug 2022 10:55:16 +0000Africa Business RadioEthiopia says the second turbine of a controversial dam over the Blue Nile has started generating electricity. The $4bn mega-dam has been a huge source of controversy between the East African country and the two downstream countries Egypt and Sudan...The $4bn mega-dam has been a huge source of controversy between the East African country and the two downstream countries Egypt and Sudan that depend heavily on the Nile for their essential water supplies.
It is expected to generate more than 5,000 megawatts of electricity upon completion.
Prime Minister Abiy Ahmed says there hasn’t been any impact on the water supplies of the downstream countries.]]>67africa_business_radio,blue_nile,ethiopia,news,power_generationcleanfullhttps://www.spreaker.com/episode/blinken-raises-concern-over-human-rights-in-rwanda--50894371Mr Blinken says he had raised US concerns about the detention of Paul Rusesabagina - a permanent resident of the United States - who is credited with saving hundreds of lives during the Rwandan genocide of 1994.
Mr Blinken says he had urged President Kagame to address concerns about legal protections afforded to Rusesabagina - particularly, the lack of a fair trial.]]>https://api.spreaker.com/episode/50894371Fri, 12 Aug 2022 10:46:24 +0000Africa Business RadioThe US Secretary of State, Antony Blinken, has expressed serious concerns about the human rights situation in Rwanda after talks with President Paul Kagame in the capital, Kigali. Mr Blinken says he had raised US concerns about the detention of Paul...Mr Blinken says he had raised US concerns about the detention of Paul Rusesabagina - a permanent resident of the United States - who is credited with saving hundreds of lives during the Rwandan genocide of 1994.
Mr Blinken says he had urged President Kagame to address concerns about legal protections afforded to Rusesabagina - particularly, the lack of a fair trial.]]>60africa,africa_business_radio,blinken,human_right,news,rwandacleanfullhttps://www.spreaker.com/episode/world-health-organisation-says-160-million-nigerians-risk-yellow-fever--50894369The Medical Officer, WHO Nigeria, Dr Anne Baptiste, says, Yellow fever is dangerous because a small percentage of patients will go through a more toxic phase of the disease.
The WHO says Nigeria is at risk of both urban and sylvatic exposure to the disease. The global health body, however, said Nigeria has vaccinated over 45 million people against yellow fever during the COVID-19 pandemic.
The Director General of the Nigeria Centre for Disease Control, Dr Ifedayo Adetifa, says that the government has strengthened surveillance for the disease.]]>https://api.spreaker.com/episode/50894369Fri, 12 Aug 2022 10:42:35 +0000Africa Business RadioThe World Health Organisation says that 160 million Nigerians are at risk of yellow fever. The Medical Officer, WHO Nigeria, Dr Anne Baptiste, says, Yellow fever is dangerous because a small percentage of patients will go through a more toxic phase...The Medical Officer, WHO Nigeria, Dr Anne Baptiste, says, Yellow fever is dangerous because a small percentage of patients will go through a more toxic phase of the disease.
The WHO says Nigeria is at risk of both urban and sylvatic exposure to the disease. The global health body, however, said Nigeria has vaccinated over 45 million people against yellow fever during the COVID-19 pandemic.
The Director General of the Nigeria Centre for Disease Control, Dr Ifedayo Adetifa, says that the government has strengthened surveillance for the disease.]]>84africa_business_radio,health,news,nigeria,who,yellow_fevercleanfullhttps://www.spreaker.com/episode/nigerian-government-borrows-n2-45tn-from-cbn-amid-fiscal-risks--50894368Data from the CBN says this shows that the Federal Government borrowed N2.45tn from the apex bank within six months.
The N19.91tn owed the apex bank by the Federal Government is not part of the country’s total public debt stock, which stood at N41.60tn as of March 2022, according to the Debt Management Office.
The CBN however says that the Federal Government’s borrowing from it through the Ways and Means Advances could have adverse effects on the bank’s monetary policy to the detriment of domestic prices and exchange rates.]]>https://api.spreaker.com/episode/50894368Fri, 12 Aug 2022 10:39:19 +0000Africa Business RadioThe Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn in December 2021 to N19.91tn in June 2022. Data from the CBN says this shows that the Federal Government borrowed N2.45tn...Data from the CBN says this shows that the Federal Government borrowed N2.45tn from the apex bank within six months.
The N19.91tn owed the apex bank by the Federal Government is not part of the country’s total public debt stock, which stood at N41.60tn as of March 2022, according to the Debt Management Office.
The CBN however says that the Federal Government’s borrowing from it through the Ways and Means Advances could have adverse effects on the bank’s monetary policy to the detriment of domestic prices and exchange rates.]]>82africa_business_radio,debt,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-to-generate-n484bn-from-e-payment-channels--50894364The budget Office of the Federation office, says the nation intends to make at least N137.03bn in 2023, N157.59bn in 2024, and N189.11bn from EMTL.
The office further revealed that the government made N111.84bn from the levy in 2021.
Data from the Nigeria Inter-Bank Settlement System portal reveal that the total value of electronic transactions in the four months of 2022 (N117.33tn) is already higher than the total amount of transactions in 2019 (N108.42tn).]]>https://api.spreaker.com/episode/50894364Fri, 12 Aug 2022 10:28:45 +0000Africa Business RadioThe Federal Government is set to make a total of N483.73bn in three years from the electronic payment boom by way of the Electronic Money Transfer Levy. The budget Office of the Federation office, says the nation intends to make at least N137.03bn...The budget Office of the Federation office, says the nation intends to make at least N137.03bn in 2023, N157.59bn in 2024, and N189.11bn from EMTL.
The office further revealed that the government made N111.84bn from the levy in 2021.
Data from the Nigeria Inter-Bank Settlement System portal reveal that the total value of electronic transactions in the four months of 2022 (N117.33tn) is already higher than the total amount of transactions in 2019 (N108.42tn).]]>89africa_business_radio,electronic_transfer,e-payment,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-president-reverses-approval-of-seplat-energy-mobil-producing-oil-deal--50894362Presidential spokesperson, Garba Shehu says President Buhari had reversed his authorisation, choosing to support the position of the NUPRC.
He says the confusion trailing the deal was due to the non-coordination among the various agencies of government involved. In May, the commission declined to approve the proposed acquisition due to what it described as overriding national interest.
Seplat Energy in a corporate filing says it followed due process in the acquisition of the assets.]]>https://api.spreaker.com/episode/50894362Fri, 12 Aug 2022 10:23:55 +0000Africa Business RadioPresident Muhammadu Buhari authorised the acquisition of ExxonMobil Corporation assets by Seplat Energy Plc but has made a U-turn on the deal. Presidential spokesperson, Garba Shehu says President Buhari had reversed his authorisation, choosing to...Presidential spokesperson, Garba Shehu says President Buhari had reversed his authorisation, choosing to support the position of the NUPRC.
He says the confusion trailing the deal was due to the non-coordination among the various agencies of government involved. In May, the commission declined to approve the proposed acquisition due to what it described as overriding national interest.
Seplat Energy in a corporate filing says it followed due process in the acquisition of the assets.]]>75africa_business_radio,exxon_mobile,news,nigeriacleanfullhttps://www.spreaker.com/episode/colombia-s-new-president-petro-proposes-ambitious-tax-reforms--50875169The move by the country’s first leftist leader was the first step to fulfilling his promise to millions of Colombians.
Maydany Salcedo, who advises the administration on drug policy, believes Petro can bring the much-awaited peace, expected from a 2016 treaty between the Revolutionary Armed Forces of Colombia and the government.]]>https://api.spreaker.com/episode/50875169Wed, 10 Aug 2022 15:11:37 +0000Africa Business RadioColombian President Gustavo Petro introduced a new tax reform proposal to Congress that is expected to finance the ambitious programs and policies he hopes will transform the country. The move by the country’s first leftist leader was the first step...The move by the country’s first leftist leader was the first step to fulfilling his promise to millions of Colombians.
Maydany Salcedo, who advises the administration on drug policy, believes Petro can bring the much-awaited peace, expected from a 2016 treaty between the Revolutionary Armed Forces of Colombia and the government.]]>49africa_business_radio,colombia,newscleanfullhttps://www.spreaker.com/episode/russia-suspends-inspections-of-strategic-arms-under-us-treaty--50875168The Russian foreign ministry says facilities that are subject to inspections under the New START treaty will be temporarily exempt from such inspections.
Moscow also accused Washington of seeking to create unilateral advantages and deprive Russia of the right to carry out inspections on American soil.]]>https://api.spreaker.com/episode/50875168Wed, 10 Aug 2022 15:09:21 +0000Africa Business RadioRussia says it was suspending United States on-site inspections under a strategic arms control treaty with Washington, pointing to Western sanctions and coronavirus infections, adding that Moscow remains committed to all provisions of the treaty....The Russian foreign ministry says facilities that are subject to inspections under the New START treaty will be temporarily exempt from such inspections.
Moscow also accused Washington of seeking to create unilateral advantages and deprive Russia of the right to carry out inspections on American soil.]]>50africa_business_radio,news,russia,united_statecleanfullhttps://www.spreaker.com/episode/african-nations-not-an-instruments-for-other-nations-progress--50875165Antony Blinken says African nations have been treated as instruments of other nations' progress, rather than the authors of their own.
Mr Blinken addressed African reservations that the continent is sometimes used as a pawn in international relations.
He outlined the US's priorities for the continent, which include democracy, investment, security, Covid recovery support and clean energy.]]>https://api.spreaker.com/episode/50875165Wed, 10 Aug 2022 15:03:47 +0000Africa Business RadioThe US secretary of state says Washington will not dictate which choices Africa should make and neither should anyone else. Antony Blinken says African nations have been treated as instruments of other nations' progress, rather than the authors of...Antony Blinken says African nations have been treated as instruments of other nations' progress, rather than the authors of their own.
Mr Blinken addressed African reservations that the continent is sometimes used as a pawn in international relations.
He outlined the US's priorities for the continent, which include democracy, investment, security, Covid recovery support and clean energy.]]>48africa,africa_business_radio,news,u.scleanfullhttps://www.spreaker.com/episode/south-africa-calls-for-dialogue-to-end-ukraine-crisis--50875163Naledi Pandor says South Africa abhorred war.
She also called for an even-handed approach to international issues - saying the world should be equally concerned about what's happening to the people of Palestine as the people of Ukraine.]]>https://api.spreaker.com/episode/50875163Wed, 10 Aug 2022 14:56:33 +0000Africa Business RadioSouth Africa's minister of international relations has called for more effort to be made to resolve the war in Ukraine through dialogue. Naledi Pandor says South Africa abhorred war. She also called for an even-handed approach to international...Naledi Pandor says South Africa abhorred war.
She also called for an even-handed approach to international issues - saying the world should be equally concerned about what's happening to the people of Palestine as the people of Ukraine.]]>40africa_business_radio,news,south_africa,ukrainecleanfullhttps://www.spreaker.com/episode/mali-junta-receives-russian-jets-and-helicopter--50875160Defence Minister Sadio Camara paid tribute to what he called Mali's win-win partnership with Russia.
That second military take-over in just over a year plus Mali's decision to hire Russian mercenaries were key reasons why France chose to pull its troops out of the country.]]>https://api.spreaker.com/episode/50875160Wed, 10 Aug 2022 14:51:25 +0000Africa Business RadioMali has received five military jets and a combat helicopter from Russia - a close ally in its fight against a jihadist insurgency. Defence Minister Sadio Camara paid tribute to what he called Mali's win-win partnership with Russia. That second...Defence Minister Sadio Camara paid tribute to what he called Mali's win-win partnership with Russia.
That second military take-over in just over a year plus Mali's decision to hire Russian mercenaries were key reasons why France chose to pull its troops out of the country.]]>43africa,africa_business_radio,mali,russiacleanfullhttps://www.spreaker.com/episode/air-peace-suspends-flight-service-to-johannesburg--50875159The airline explained that due to the turbulent times the aviation industry was experiencing with Jet A1 fuel increases, scarcity of forex and a delay in visa issuance for South African travel passengers, it had to stop the service.
Johannesburg is one of the three international routes Air Peace operates. The others are Dubai and China.]]>https://api.spreaker.com/episode/50875159Wed, 10 Aug 2022 14:44:14 +0000Africa Business RadioThe high cost and scarcity of aviation fuel, known as Jet A1, has forced Air Peace to suspend its Lagos-Johannesburg flight operations. The airline explained that due to the turbulent times the aviation industry was experiencing with Jet A1 fuel...The airline explained that due to the turbulent times the aviation industry was experiencing with Jet A1 fuel increases, scarcity of forex and a delay in visa issuance for South African travel passengers, it had to stop the service.
Johannesburg is one of the three international routes Air Peace operates. The others are Dubai and China.]]>48africa_business_radio,air_peace,aviation,nigeria,south_africacleanfullhttps://www.spreaker.com/episode/nigerian-government-urged-to-take-tough-choices-and-remove-petrol-subsidy--50875158The NESG says these decisive decisions, should include addressing mounting insecurity challenges in the country and crude oil theft, ending the multiple exchange rate system which, it stated was keeping foreign investment away from Nigeria as well as be decisive in removing petrol subsidy in a manner that would not hurt the vulnerable segment of Nigerians adversely.
It also tasked the government to take necessary steps to restore Nigeria back to fiscal and debt sustainability.]]>https://api.spreaker.com/episode/50875158Wed, 10 Aug 2022 14:39:13 +0000Africa Business RadioThe Nigerian Economic Summit Group has made a passionate appeal to President Muhamadu Buhari to utilise the remaining 10 months in his administration to make tough choices and take decisive actions that would pull Nigeria from the brink of...The NESG says these decisive decisions, should include addressing mounting insecurity challenges in the country and crude oil theft, ending the multiple exchange rate system which, it stated was keeping foreign investment away from Nigeria as well as be decisive in removing petrol subsidy in a manner that would not hurt the vulnerable segment of Nigerians adversely.
It also tasked the government to take necessary steps to restore Nigeria back to fiscal and debt sustainability.]]>63africa_business_radio,nesg,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-urged-to-approve-firearms-permits-for-new-security-outfit--50875156Ortom says the move became necessary following the legitimated process of establishing the Guards to help restore peace in the troubled parts of the state.
He says the President he knows would approve his request to also empower his people against their transducers or at best, leave room for a fair level of response on the defences of his people.]]>https://api.spreaker.com/episode/50875156Wed, 10 Aug 2022 14:19:34 +0000Africa Business RadioGovernor Samuel Ortom has written President Muhammadu Buhari for firearm licensing for the newly established Benue State Community Volunteer Guards inaugurated to provide surveillance and intelligence gathering in the wake of persistent herdsmen...Ortom says the move became necessary following the legitimated process of establishing the Guards to help restore peace in the troubled parts of the state.
He says the President he knows would approve his request to also empower his people against their transducers or at best, leave room for a fair level of response on the defences of his people.]]>54africa_business_radio,news,nigeria,securitycleanfullhttps://www.spreaker.com/episode/nigerian-government-approves-seplat-s-acquisition-of-exxon-mobil-shares--50875153Buhari considered the extensive benefits of the transaction to the country’s energy sector and the economy in giving consent.
The President granted consent to the Share Sales Agreement, as requested by the parties to the transaction, and directed that the approval be conveyed to all the parties involved.]]>https://api.spreaker.com/episode/50875153Wed, 10 Aug 2022 14:17:10 +0000Africa Business RadioPresident Muhammadu Buhari has okayed Seplat Energy Offshore Limited’s acquisition of Exxon Mobil shares. Buhari considered the extensive benefits of the transaction to the country’s energy sector and the economy in giving consent. The President...Buhari considered the extensive benefits of the transaction to the country’s energy sector and the economy in giving consent.
The President granted consent to the Share Sales Agreement, as requested by the parties to the transaction, and directed that the approval be conveyed to all the parties involved.]]>43africa_business_radio,exxon,news,nigeria,nnpc,seplatcleanfullhttps://www.spreaker.com/episode/us-declares-monkeypox-a-public-health-emergency--50853657The declaration will free up additional government resources to help contain the spread of the virus.
The Centers for Disease Control and Prevention says more than 6,600 cases of the disease had been confirmed in the US.
Secretary of Health and Human Services Xavier Becerra says they are prepared to take their responsibility to the next level in addressing the virus and urged every American to take monkeypox seriously.]]>https://api.spreaker.com/episode/50853657Mon, 08 Aug 2022 16:41:49 +0000Africa Business RadioUS public health officials have declared the spread of the monkeypox disease a public health emergency. The declaration will free up additional government resources to help contain the spread of the virus. The Centers for Disease Control and...The declaration will free up additional government resources to help contain the spread of the virus.
The Centers for Disease Control and Prevention says more than 6,600 cases of the disease had been confirmed in the US.
Secretary of Health and Human Services Xavier Becerra says they are prepared to take their responsibility to the next level in addressing the virus and urged every American to take monkeypox seriously.]]>51africa_business_radio,health,monkeypox,u.s,viruscleanfullhttps://www.spreaker.com/episode/kenyan-court-mandate-manual-voter-register-at-election-polls--50853650The Independent Electoral and Boundaries Commission had planned to rely solely on the electronic voter register, saying that using printed registers could open the door to electoral malpractice.
The court however says the IEBC's plans would violate the Kenyan constitution. Where electronic voter identification devices fail, a printed register must be used instead, it said.]]>https://api.spreaker.com/episode/50853650Mon, 08 Aug 2022 16:38:32 +0000Africa Business RadioA Kenyan court has ordered the country's electoral body to use a manual register to identify voters in next week's general election. The Independent Electoral and Boundaries Commission had planned to rely solely on the electronic voter register,...The Independent Electoral and Boundaries Commission had planned to rely solely on the electronic voter register, saying that using printed registers could open the door to electoral malpractice.
The court however says the IEBC's plans would violate the Kenyan constitution. Where electronic voter identification devices fail, a printed register must be used instead, it said.]]>50africa,africa_business_radio,election,kenya,newscleanfullhttps://www.spreaker.com/episode/blinken-to-announce-new-africa-strategy-push-in-south-africa--50853252Mr Blinken is expected to announce a new strategy for Africa to boost American influence on the continent amid concerns that Washington is losing out to both China and Russia.
Ms Pandor has accused the US of trying to punish African countries for refusing to join Western calls to condemn Moscow.]]>https://api.spreaker.com/episode/50853252Mon, 08 Aug 2022 16:29:00 +0000Africa Business RadioUS Secretary of State Antony Blinken who's in South Africa for a three-nation African tour is holding talks with his South African counterpart, Naledi Pandor. Mr Blinken is expected to announce a new strategy for Africa to boost American influence...Mr Blinken is expected to announce a new strategy for Africa to boost American influence on the continent amid concerns that Washington is losing out to both China and Russia.
Ms Pandor has accused the US of trying to punish African countries for refusing to join Western calls to condemn Moscow.]]>48africa,africa_business_radio,blinken,news,u.scleanfullhttps://www.spreaker.com/episode/ethiopia-accuses-envoys-of-appeasing-tigray-rebels--50853248The prime minister’s security adviser and a member of a negotiating team set up by Addis Ababa Redwan Hussien, however, says that the diplomats failed to press unequivocal commitment for peace talks during their travel.
The envoys called for the resumption of basic services in Tigray, including banking, electricity and telecommunications.
Mr Redwan says the government’s position is that enabling conditions should be created and the talks should begin ahead of restoration efforts.]]>https://api.spreaker.com/episode/50853248Mon, 08 Aug 2022 16:19:16 +0000Africa Business RadioEthiopia has accused a team of Western diplomats of appeasing Tigrayan forces during a recent trip to Mekelle, the capital of the embattled northern region. The prime minister’s security adviser and a member of a negotiating team set up by Addis...The prime minister’s security adviser and a member of a negotiating team set up by Addis Ababa Redwan Hussien, however, says that the diplomats failed to press unequivocal commitment for peace talks during their travel.
The envoys called for the resumption of basic services in Tigray, including banking, electricity and telecommunications.
Mr Redwan says the government’s position is that enabling conditions should be created and the talks should begin ahead of restoration efforts.]]>58africa,africa_business_radio,ethiopia,newscleanfullhttps://www.spreaker.com/episode/nigeria-secures-1-5bn-loan-from-us-to-boost-solar-power-infrastructure--50853247Chief Executive Officer of SUN Africa LLC, USA, Adam Cortese, explained that the loan was a government-to-government facility at a concessional rate of over 20 years.
He says the Niger Delta Power Holding Company will own the assets, which he said would not only generate low-cost electricity but also enable the company to pay back the loan.
President Buhari declared that the rapid integration of solar power into the country’s energy mix would lead to an increase in electricity access to underserved and unserved communities.]]>https://api.spreaker.com/episode/50853247Mon, 08 Aug 2022 16:08:56 +0000Africa Business RadioNigeria has secured a $1.5 billion loan from the US-EXIM Bank to boost solar power infrastructure in 10 different locations in the country. Chief Executive Officer of SUN Africa LLC, USA, Adam Cortese, explained that the loan was a...Chief Executive Officer of SUN Africa LLC, USA, Adam Cortese, explained that the loan was a government-to-government facility at a concessional rate of over 20 years.
He says the Niger Delta Power Holding Company will own the assets, which he said would not only generate low-cost electricity but also enable the company to pay back the loan.
President Buhari declared that the rapid integration of solar power into the country’s energy mix would lead to an increase in electricity access to underserved and unserved communities.]]>60africa_business_radio,energy,news,nigeria,solar_powercleanfullhttps://www.spreaker.com/episode/nigerian-state-withdraws-license-of-educational-institutions--50853243Commissioner of Education, Elizabeth Wampum, says the decision was taken after it was discovered that 5,000 private schools were operating without a license.
The commissioner noted that about 90 per cent of the schools do not adhere to government policies and mandates.]]>https://api.spreaker.com/episode/50853243Mon, 08 Aug 2022 16:01:29 +0000Africa Business RadioThe Plateau Government revoked the licenses of all nursery, primary, and secondary schools in the state. Commissioner of Education, Elizabeth Wampum, says the decision was taken after it was discovered that 5,000 private schools were operating...Commissioner of Education, Elizabeth Wampum, says the decision was taken after it was discovered that 5,000 private schools were operating without a license.
The commissioner noted that about 90 per cent of the schools do not adhere to government policies and mandates.]]>41africa_business_radio,education,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-food-production-not-affected-by-insecurity--50853239Abubakar acknowledged that the insurgency, inhibiting farmers from accessing their farms, particularly in the North-West, North-East, and North-Central, is a concern for the Federal Government.
He, however, maintained that food production continues at an appreciable level for most parts of the country.
The minister further revealed that 3.6 million direct and indirect jobs have been created through $1.1 billion in externally-funded agriculture projects and are being implemented by the present administration.]]>https://api.spreaker.com/episode/50853239Mon, 08 Aug 2022 15:57:17 +0000Africa Business RadioThe Minister of Agriculture, Mohammed Abubakar, says in spite of the protracted security challenge in the country, food production has not dropped. Abubakar acknowledged that the insurgency, inhibiting farmers from accessing their farms,...Abubakar acknowledged that the insurgency, inhibiting farmers from accessing their farms, particularly in the North-West, North-East, and North-Central, is a concern for the Federal Government.
He, however, maintained that food production continues at an appreciable level for most parts of the country.
The minister further revealed that 3.6 million direct and indirect jobs have been created through $1.1 billion in externally-funded agriculture projects and are being implemented by the present administration.]]>57africa_business_radio,food_production,insecurity,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-minister-asks-google-to-block-terrorist-groups-on-youtube--50853235The Minister says Google must look into how to tackle the use of private and unlisted YouTube channels and YouTube live streams by proscribed groups and terrorist organizations.
Mohammed noted that Google is a platform of choice for IPOB, a proscribed terrorist group, and implored the tech giant to deny IPOB the use of its platform for its acts of violence and destabilization.
He says Nigerians are among the most vibrant social media users in the world, with over 100 million Internet users in the country, and internet platforms.]]>https://api.spreaker.com/episode/50853235Mon, 08 Aug 2022 15:52:22 +0000Africa Business RadioThe Minister of Information, Lai Mohammed asked Google to block terrorist organisations from YouTube. The Minister says Google must look into how to tackle the use of private and unlisted YouTube channels and YouTube live streams by proscribed...The Minister says Google must look into how to tackle the use of private and unlisted YouTube channels and YouTube live streams by proscribed groups and terrorist organizations.
Mohammed noted that Google is a platform of choice for IPOB, a proscribed terrorist group, and implored the tech giant to deny IPOB the use of its platform for its acts of violence and destabilization.
He says Nigerians are among the most vibrant social media users in the world, with over 100 million Internet users in the country, and internet platforms.]]>57africa_business__radio,media,news,nigeria,youtubecleanfullhttps://www.spreaker.com/episode/bank-of-england-warns-the-uk-will-fall-into-recession--50822479It expects the economy to shrink in the final three months of this year and keep shrinking until the end of 2023.
It blamed the downturn largely on rising gas prices following Russia's invasion of Ukraine, warning a typical energy bill will hit £3,500 in October.
It expects this sharp rise in energy bills to drive inflation, the rate at which prices grow, to 13%.]]>https://api.spreaker.com/episode/50822479Fri, 05 Aug 2022 11:28:59 +0000Africa Business RadioThe Bank of England has warned that the UK will fall into recession this year as it raised interest rates from 1.25% to 1.75% in a bid to curb soaring prices. It expects the economy to shrink in the final three months of this year and keep shrinking...It expects the economy to shrink in the final three months of this year and keep shrinking until the end of 2023.
It blamed the downturn largely on rising gas prices following Russia's invasion of Ukraine, warning a typical energy bill will hit £3,500 in October.
It expects this sharp rise in energy bills to drive inflation, the rate at which prices grow, to 13%.]]>59africa_business_radio,england,inflation,internet_rate,news,recessioncleanfullhttps://www.spreaker.com/episode/senegal-opposition-wants-official-poll-results-delayed--50822478The electoral commission is due to make a formal announcement but the leader of the opposition coalition alliance, Déthié Fall, says a postponement would give it time to identify irregularities.
Both the opposition alliance and the governing coalition of President Macky Sall claimed victory on the basis of partial results.]]>https://api.spreaker.com/episode/50822478Fri, 05 Aug 2022 11:24:38 +0000Africa Business RadioThe Senegalese opposition has called for the official publication of the results of Sunday's parliamentary to be postponed. The electoral commission is due to make a formal announcement but the leader of the opposition coalition alliance, Déthié...The electoral commission is due to make a formal announcement but the leader of the opposition coalition alliance, Déthié Fall, says a postponement would give it time to identify irregularities.
Both the opposition alliance and the governing coalition of President Macky Sall claimed victory on the basis of partial results.]]>48africa,africa_business_radio,election,news,senegalcleanfullhttps://www.spreaker.com/episode/western-envoys-snub-south-sudan-peace-roadmap-meeting--50822468South Sudan's foreign affairs ministry sent invitations to all diplomatic missions, and regional and international non-governmental organisations accredited to South Sudan to attend the Thursday event that will be presided by the president.
However, the heads of missions of the US, the UK and Norway - known as the Troika for South Sudan - wrote to President Kiir expressing regret that they would not attend.
The diplomats say they had previously written to the president to express their profound concern that the consultations must include civil societies.]]>https://api.spreaker.com/episode/50822468Fri, 05 Aug 2022 11:19:52 +0000Africa Business RadioWestern diplomats in South Sudan say they will not attend a meeting convened by President Salva Kiir to discuss a roadmap to implement the country's peace agreement. South Sudan's foreign affairs ministry sent invitations to all diplomatic missions,...South Sudan's foreign affairs ministry sent invitations to all diplomatic missions, and regional and international non-governmental organisations accredited to South Sudan to attend the Thursday event that will be presided by the president.
However, the heads of missions of the US, the UK and Norway - known as the Troika for South Sudan - wrote to President Kiir expressing regret that they would not attend.
The diplomats say they had previously written to the president to express their profound concern that the consultations must include civil societies.]]>74africa_business_radio,news,norway,south_sudan,u.k,u.scleanfullhttps://www.spreaker.com/episode/nigerian-civil-aviation-authority-begins-financial-audit-of-eight-domestic-airlines--50822464It says this had become necessary in order to determine the health conditions of all domestic airlines operating in Nigeria.
The Director-General, NCAA, Capt. Musa Nuhu, says that the regulatory body was already carrying out intensive financial and economic audits on at least three other indigenous airlines, while the remaining five would be done in batches.
The remaining eight scheduled airlines include Air Peace, Arik Air, Max Air, Green Africa, United Nigeria, Overland, Azman Air and Ibom Air.]]>https://api.spreaker.com/episode/50822464Fri, 05 Aug 2022 11:17:30 +0000Africa Business RadioThe  Nigerian Civil Aviation Authority says that it was carrying out economic and financial audits of eight of the domestic airlines operating in the country. It says this had become necessary in order to determine the health conditions of all...It says this had become necessary in order to determine the health conditions of all domestic airlines operating in Nigeria.
The Director-General, NCAA, Capt. Musa Nuhu, says that the regulatory body was already carrying out intensive financial and economic audits on at least three other indigenous airlines, while the remaining five would be done in batches.
The remaining eight scheduled airlines include Air Peace, Arik Air, Max Air, Green Africa, United Nigeria, Overland, Azman Air and Ibom Air.]]>71africa_business_radio,aviation,financial_audit,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-approves-approach-and-landing-aids-for-states-airports--50822463It says Satellite Performance Based Navigation procedures that could enable aircraft to operate at any time of the day in these airports were also in place.
The acting Managing Director, NAMA, Matthew Pwajok, says the idea of tagging some airports in the country as sunrise or ‘sunset airports’ was misplaced.]]>https://api.spreaker.com/episode/50822463Fri, 05 Aug 2022 11:15:00 +0000Africa Business RadioThe Nigerian Airspace Management Agency says all federal and state government-owned airports in Nigeria have approach and landing navigational aids. It says Satellite Performance Based Navigation procedures that could enable aircraft to operate at...It says Satellite Performance Based Navigation procedures that could enable aircraft to operate at any time of the day in these airports were also in place.
The acting Managing Director, NAMA, Matthew Pwajok, says the idea of tagging some airports in the country as sunrise or ‘sunset airports’ was misplaced.]]>62africa_business_radio,airspace,news,nigeria,satellitecleanfullhttps://www.spreaker.com/episode/nigeria-government-fines-stations-for-airing-bbc-banditry-report--50822462The National Broadcasting Commission says the documentary glorified the activities of bandits and undermines national security and contravened the provisions of the Nigeria Broadcasting Code.
The BBC says the story is overwhelmingly in the public interest and that it stands by its journalism.]]>https://api.spreaker.com/episode/50822462Fri, 05 Aug 2022 11:07:25 +0000Africa Business RadioNigeria's broadcast regulator has fined four broadcasters, including Multichoice Nigeria Ltd, 5m naira each for airing a BBC documentary on the activities of bandit gangs in north-western Nigeria. The National Broadcasting Commission says the...The National Broadcasting Commission says the documentary glorified the activities of bandits and undermines national security and contravened the provisions of the Nigeria Broadcasting Code.
The BBC says the story is overwhelmingly in the public interest and that it stands by its journalism.]]>59africa_business_radio,broadcasting_code,media,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-confirms-purchase-of-n1-4-billion-worth-of-vehicles-for-niger-republic--50822460The Minister of Finance, Budget, and National Planning, Zainab Ahmed explained that providing intervention to the neighbouring Niger Republic is not new and it is the prerogative of President Muhammadu Buhari who approved the purchase.
She says President Buhari has the right to make his own assessment of situations and give directives accordingly.
She added that the financial support, which is primarily for the purpose of enhancing capacity to protect their territory, based on a request by the Nigerien Government, is also in the best interest of the country.]]>https://api.spreaker.com/episode/50822460Fri, 05 Aug 2022 11:02:21 +0000Africa Business RadioThe Federal Government has confirmed that it approved the purchase of vehicles worth N1.4 billion for the neighbouring Niger Republic to tackle insecurity. The Minister of Finance, Budget, and National Planning, Zainab Ahmed explained that providing...The Minister of Finance, Budget, and National Planning, Zainab Ahmed explained that providing intervention to the neighbouring Niger Republic is not new and it is the prerogative of President Muhammadu Buhari who approved the purchase.
She says President Buhari has the right to make his own assessment of situations and give directives accordingly.
She added that the financial support, which is primarily for the purpose of enhancing capacity to protect their territory, based on a request by the Nigerien Government, is also in the best interest of the country.]]>75africa_business_radio,finance,news,nigeria,niger_republiccleanfullhttps://www.spreaker.com/episode/nigerian-government-approves-n2-6b-for-purchase-of-vehicles-equipment--50822420The Minister of the FCT, Mohammed Bello, disclosed that 60 utility vehicles with communication gadgets will be bought at that amount and delivered within two months.
He noted that the Council approved the supply of various security gadgets and accessories to support security agencies in the nation’s capital at a total sum of N847.1 million. The two procurements amount to N2.68 billion.]]>https://api.spreaker.com/episode/50822420Fri, 05 Aug 2022 10:56:58 +0000Africa Business RadioThe Federal Executive Council has approved the procurement of utility vehicles, security gadgets, and accessories to support security agencies operating within the FCT at the sum of N1.835 billion. The Minister of the FCT, Mohammed Bello, disclosed...The Minister of the FCT, Mohammed Bello, disclosed that 60 utility vehicles with communication gadgets will be bought at that amount and delivered within two months.
He noted that the Council approved the supply of various security gadgets and accessories to support security agencies in the nation’s capital at a total sum of N847.1 million. The two procurements amount to N2.68 billion.]]>60africa_business_radio,budget,fct,news,nigeriacleanfullhttps://www.spreaker.com/episode/the-united-states-issues-fresh-sanctions-on-iran--50802555The US Treasury Department says the Iranian Persian Gulf Petrochemical Industry Commercial Co allegedly exploited the designated businesses to sell Iranian oil and petrochemical goods to East Asia.
The Treasury says the US slapped sanctions on businesses from Hong Kong, the United Arab Emirates and Singapore.]]>https://api.spreaker.com/episode/50802555Wed, 03 Aug 2022 16:12:58 +0000Africa Business RadioThe United States issued fresh sanctions on Iran, this time targeting Chinese and other companies it said were used by one of Iran‘s largest petrochemical brokers to facilitate the sale of tens of millions of dollars worth of Iranian petroleum and...The US Treasury Department says the Iranian Persian Gulf Petrochemical Industry Commercial Co allegedly exploited the designated businesses to sell Iranian oil and petrochemical goods to East Asia.
The Treasury says the US slapped sanctions on businesses from Hong Kong, the United Arab Emirates and Singapore.]]>55africa_business_radio,china,hong_kong,iran,news,podcast,singapore,united_statecleanfullhttps://www.spreaker.com/episode/philippines-refute-claim-of-rejoining-the-international-criminal-court--50802553Former President Rodrigo Duterte withdrew the Philippines from The Hague-based court in 2019 after the body launched an investigation the previous year into his campaign against illegal drugs that led to thousands of killings.
Marcos Jr says he recently met his justice secretary and other legal advisers to discuss the possible resumption of an ICC investigation into the drug killings.]]>https://api.spreaker.com/episode/50802553Wed, 03 Aug 2022 16:10:09 +0000Africa Business RadioThe Philippines' newly elected President Ferdinand Marcos Jr says the country has no plan to rejoin the International Criminal Court a decision that supports his predecessor’s stance but denies the demands of human rights activists. Former President...Former President Rodrigo Duterte withdrew the Philippines from The Hague-based court in 2019 after the body launched an investigation the previous year into his campaign against illegal drugs that led to thousands of killings.
Marcos Jr says he recently met his justice secretary and other legal advisers to discuss the possible resumption of an ICC investigation into the drug killings.]]>57africa_business_radio,international_criminal_court,news,philippines,podcastcleanfullhttps://www.spreaker.com/episode/us-vice-president-to-announce-1bn-to-states-for-floods-extreme-heat--50802551Harris says that disasters such as the Kentucky flood and California wildfires show how immediate, how current and how urgent the issue is of addressing the extreme weather that we’ve been experiencing around the country and the world.]]>https://api.spreaker.com/episode/50802551Wed, 03 Aug 2022 16:07:14 +0000Africa Business RadioKamala Harris, the vice president of the United States, has called climate change an immediate and urgent crisis as she detailed the Biden administration's efforts to respond to disasters such as the deadly flooding in Kentucky and wildfires ravaging...Harris says that disasters such as the Kentucky flood and California wildfires show how immediate, how current and how urgent the issue is of addressing the extreme weather that we’ve been experiencing around the country and the world.]]>49africa_business_radio,climate_change,news,united_statecleanfullhttps://www.spreaker.com/episode/kenyan-government-refutes-claim-of-banning-facebook--50802451Kenya's Interior Cabinet Secretary Fred Matiangi assured the public that the platform would not be shut down.
Kenya's Minister of Information and Technology Joe Mucheru says while the issues raised were valid, they did not warrant blocking Facebook.
A spokesperson for Facebook's parent company, Meta, blamed human and machine error for missing some inflammatory content and said they had taken steps to prevent such content.]]>https://api.spreaker.com/episode/50802451Wed, 03 Aug 2022 16:02:11 +0000Africa Business RadioKenyan ministers say the government has no intention of banning Facebook despite a watchdog last week accusing the social media platform of failing to stop hate speech ahead of the Aug. 9 elections. Kenya's Interior Cabinet Secretary Fred Matiangi...Kenya's Interior Cabinet Secretary Fred Matiangi assured the public that the platform would not be shut down.
Kenya's Minister of Information and Technology Joe Mucheru says while the issues raised were valid, they did not warrant blocking Facebook.
A spokesperson for Facebook's parent company, Meta, blamed human and machine error for missing some inflammatory content and said they had taken steps to prevent such content.]]>56africa_business_radio,facebook,hate_speech,meta,newscleanfullhttps://www.spreaker.com/episode/uk-delays-end-of-vital-medical-funding-to-south-sudan--50802450Cuts were due to come into effect but the funding has been extended for two months.
South Sudan's health minister has warned that her country does not have enough money to take over the responsibilities.
The head of one hospital, in Northern Bahr el Ghazal state, told the BBC he was worried the facility would collapse without British support.]]>https://api.spreaker.com/episode/50802450Wed, 03 Aug 2022 15:59:00 +0000Africa Business RadioThe British government has suspended its decision to stop providing aid to state hospitals in South Sudan. Cuts were due to come into effect but the funding has been extended for two months. South Sudan's health minister has warned that her...Cuts were due to come into effect but the funding has been extended for two months.
South Sudan's health minister has warned that her country does not have enough money to take over the responsibilities.
The head of one hospital, in Northern Bahr el Ghazal state, told the BBC he was worried the facility would collapse without British support.]]>45africa,africa_business_radio,emergency_fund,news,south_sudan,u.kcleanfullhttps://www.spreaker.com/episode/nigerian-government-denies-involvement-in-the-increment-of-price-of-petrol--50802445Sylva says the government is still subsidising petrol while adding that the marketers are most likely to blame.
The Nigerian National Petroleum Corporation Limited says petrol subsidy claims reached N2.6 trillion in the first half of 2022, surpassing revenue generated from the sale of crude oil.]]>https://api.spreaker.com/episode/50802445Wed, 03 Aug 2022 15:55:49 +0000Africa Business RadioThe Minister of State for Petroleum Resources, Timipre Sylva, says the Federal Government is not responsible for the increase in the price of petrol across the country. Sylva says the government is still subsidising petrol while adding that the...Sylva says the government is still subsidising petrol while adding that the marketers are most likely to blame.
The Nigerian National Petroleum Corporation Limited says petrol subsidy claims reached N2.6 trillion in the first half of 2022, surpassing revenue generated from the sale of crude oil.]]>46africa_business_radio,news,nigeria,petrolum,subsidycleanfullhttps://www.spreaker.com/episode/uk-high-commissioner-approves-atiku-s-ideas-on-security-economy-development--50802368She says Atiku sought to increase collaboration between the governments of Nigeria and the United Kingdom in searching for solutions to issues that affect both countries.
The high commissioner stated that the meeting with the former vice president was part of an ongoing engagement by the UK government to enhance democracy and ensure credible elections in Nigeria next year.]]>https://api.spreaker.com/episode/50802368Wed, 03 Aug 2022 15:51:39 +0000Africa Business RadioThe British High Commissioner to Nigeria, Catriona Laing, expressed interest in how the Peoples Democratic Party presidential candidate, Atiku Abubakar, planned to address the country’s seemingly overwhelming security, economic, and development...She says Atiku sought to increase collaboration between the governments of Nigeria and the United Kingdom in searching for solutions to issues that affect both countries.
The high commissioner stated that the meeting with the former vice president was part of an ongoing engagement by the UK government to enhance democracy and ensure credible elections in Nigeria next year.]]>582023_election,africa_business_radio,news,nigeria,u.kcleanfullhttps://www.spreaker.com/episode/nigeria-s-academic-staff-extends-strike-by-four-weeks--50802107President of the union, Prof Emmanuel Osodeke says the decision was to give the government enough time to resolve all outstanding issues with the lecturers.
The ASUU President says the extension is with immediate effect on August 1 while noting that the body had earlier conveyed an emergency National Executive Committee meeting of the association at the University of Abuja.]]>https://api.spreaker.com/episode/50802107Wed, 03 Aug 2022 15:43:52 +0000Africa Business RadioThe Academic Staff Union of Universities has again extended the ongoing strike by four weeks. President of the union, Prof Emmanuel Osodeke says the decision was to give the government enough time to resolve all outstanding issues with the...President of the union, Prof Emmanuel Osodeke says the decision was to give the government enough time to resolve all outstanding issues with the lecturers.
The ASUU President says the extension is with immediate effect on August 1 while noting that the body had earlier conveyed an emergency National Executive Committee meeting of the association at the University of Abuja.]]>48africa_business_radio,education,industrial_action,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-s-electoral-body-records-eight-million-youths-voter-registration--50801996The INEC says there were 10,487,972 fresh registrants, while 12,298,944 persons completed their registrations.
INEC has however warned Nigerians not to fall victims to fake websites advertising voter registration.]]>https://api.spreaker.com/episode/50801996Wed, 03 Aug 2022 15:27:26 +0000Africa Business RadioThe Independent National Electoral Commission says over eight million young Nigerians completed the recently concluded Continuous Voter Registration exercise. The INEC says there were 10,487,972 fresh registrants, while 12,298,944 persons completed...The INEC says there were 10,487,972 fresh registrants, while 12,298,944 persons completed their registrations.
INEC has however warned Nigerians not to fall victims to fake websites advertising voter registration.]]>472023_election,africa_business_radio,news,nigeria,podcastcleanfullhttps://www.spreaker.com/episode/elon-musk-files-countersuit-against-twitter-over-44bn-deal--50775355The Chancery Court in the state of Delaware says Musk mounted a legal defense against Twitter’s claim that he is contractually bound to complete the deal he inked in April.
Chancery Court Chief Judge Kathaleen St J McCormick has ordered a five-day trial to begin on October 17, instead of two weeks in February next year as the billionaire requested.]]>https://api.spreaker.com/episode/50775355Mon, 01 Aug 2022 14:30:18 +0000Africa Business RadioElon Musk has filed claims against Twitter as he fights the tech firm’s lawsuit demanding he is held to his $44bn purchase deal. The Chancery Court in the state of Delaware says Musk mounted a legal defense against Twitter’s claim that he is...The Chancery Court in the state of Delaware says Musk mounted a legal defense against Twitter’s claim that he is contractually bound to complete the deal he inked in April.
Chancery Court Chief Judge Kathaleen St J McCormick has ordered a five-day trial to begin on October 17, instead of two weeks in February next year as the billionaire requested.]]>47africa_business_radio,musk,news,podcast,twittercleanfullhttps://www.spreaker.com/episode/un-chief-displeased-over-dr-congo-deadly-shooting--50775353Mr. Guterres called for accountability after the incident, which happened as the soldiers forced their way across the border from Uganda into eastern DR Congo.
The head of the UN peacekeeping mission, Monusco, says arrests had been made and an investigation had been opened.]]>https://api.spreaker.com/episode/50775353Mon, 01 Aug 2022 14:28:24 +0000Africa Business RadioThe UN Secretary-General, Antonio Guterres, says he is outraged after at least two people were killed when peacekeepers in the Democratic Republic of Congo opened fire at a border crossing. Mr. Guterres called for accountability after the incident,...Mr. Guterres called for accountability after the incident, which happened as the soldiers forced their way across the border from Uganda into eastern DR Congo.
The head of the UN peacekeeping mission, Monusco, says arrests had been made and an investigation had been opened.]]>45africa_business_radio,dr_congo,news,peacekeeping_mission,podcast,uncleanfullhttps://www.spreaker.com/episode/zimbabwe-targets-5-growth-in-2023--50775352Ncube says the lower forecast was because of the global economic environment and the country’s own circumstances including a poor agricultural season.
He says the country would target a budget deficit of below 3% of the gross domestic product in 2023 adding next year the government was targeting 5% growth.]]>https://api.spreaker.com/episode/50775352Mon, 01 Aug 2022 14:25:29 +0000Africa Business RadioFinance Minister Mthuli Ncube says Zimbabwe’s economy is now forecast to grow 4.6% this year, down from an earlier forecast of 5.5%. Ncube says the lower forecast was because of the global economic environment and the country’s own circumstances...Ncube says the lower forecast was because of the global economic environment and the country’s own circumstances including a poor agricultural season.
He says the country would target a budget deficit of below 3% of the gross domestic product in 2023 adding next year the government was targeting 5% growth.]]>47africa_business_radio,economic_forecast,gdp,news,podcast,zimbabwecleanfullhttps://www.spreaker.com/episode/facebook-accused-of-approving-hate-speech-fueling-ethnic-violence-in-kenya--50775350Rights group Global Witness says the social media company approved hate speech advertisements promoting ethnic violence.
Facebook admitted to having missed some hate speech messages because of mistakes by the people and machines the platform relies on.
Facebook says they have Swahili speakers and technology to help remove harmful content and have invested in people and technology to help ensure safe and secure elections in Kenya.]]>https://api.spreaker.com/episode/50775350Mon, 01 Aug 2022 14:23:15 +0000Africa Business RadioKenyan authorities have called on Facebook to do more to rid the platform of hate speech ahead of the August 9 general election. Rights group Global Witness says the social media company approved hate speech advertisements promoting ethnic violence....Rights group Global Witness says the social media company approved hate speech advertisements promoting ethnic violence.
Facebook admitted to having missed some hate speech messages because of mistakes by the people and machines the platform relies on.
Facebook says they have Swahili speakers and technology to help remove harmful content and have invested in people and technology to help ensure safe and secure elections in Kenya.]]>51africa,africa_business_radio,facebook,hate_speech,kenya,meta,news,podcastcleanfullhttps://www.spreaker.com/episode/dr-congo-auctioning-oil-rights-in-parts-of-rain-forest--50775349He says the process showed a desire to benefit from the country's resources.
The Congolese government says it needs to access revenues to improve living standards in one of the world's poorest countries.]]>https://api.spreaker.com/episode/50775349Mon, 01 Aug 2022 14:21:17 +0000Africa Business RadioPresident Felix Tshisekedi says the licensing rights for 30 oil and gas blocks in the Democratic Republic of Congo have gone up for auction, opening parts of the world's second-biggest rainforest to drilling that could release large amounts of carbon...He says the process showed a desire to benefit from the country's resources.
The Congolese government says it needs to access revenues to improve living standards in one of the world's poorest countries.]]>45africa,africa_business_radio,congo,news,oil_auction,podcastcleanfullhttps://www.spreaker.com/episode/un-accuses-poland-of-double-standards-with-african-migrant--50775347It says Warsaw welcomes Ukrainians but routinely locks up people from the Middle East or Africa who enter the country illegally from Belarus.
The special rapporteur for migrants’ rights, Felipe Gonzalez, says migrants and asylum seekers entering Poland illegally were often locked in foreign centers without the right to leave while their asylum application was processed.
Mr. Gonzalez says children and other vulnerable individuals should not be locked up merely due to their migration status.]]>https://api.spreaker.com/episode/50775347Mon, 01 Aug 2022 14:19:40 +0000Africa Business RadioThe UN has urged Poland to end double standards in the way it treats migrants. It says Warsaw welcomes Ukrainians but routinely locks up people from the Middle East or Africa who enter the country illegally from Belarus. The special rapporteur for...It says Warsaw welcomes Ukrainians but routinely locks up people from the Middle East or Africa who enter the country illegally from Belarus.
The special rapporteur for migrants’ rights, Felipe Gonzalez, says migrants and asylum seekers entering Poland illegally were often locked in foreign centers without the right to leave while their asylum application was processed.
Mr. Gonzalez says children and other vulnerable individuals should not be locked up merely due to their migration status.]]>52africa_business_radio,migrant,news,poland,uncleanfullhttps://www.spreaker.com/episode/us-express-concern-over-tunisia-s-new-constitution--50775346It comes after the approval of a new Tunisian constitution that gives sweeping powers to the president in the 25 July referendum marked by low voter participation.
The referendum, which delivered a yes vote of 94.6% with a turnout of 30.5% - was boycotted by opposition parties.
The US State Department has urged an inclusive and transparent process in the future that would involve Tunisians who did not participate or opposed the referendum.]]>https://api.spreaker.com/episode/50775346Mon, 01 Aug 2022 14:17:08 +0000Africa Business RadioThe US says it shares concerns that Tunisia’s new constitution could weaken democracy and erode respect for human rights and fundamental freedoms. It comes after the approval of a new Tunisian constitution that gives sweeping powers to the president...It comes after the approval of a new Tunisian constitution that gives sweeping powers to the president in the 25 July referendum marked by low voter participation.
The referendum, which delivered a yes vote of 94.6% with a turnout of 30.5% - was boycotted by opposition parties.
The US State Department has urged an inclusive and transparent process in the future that would involve Tunisians who did not participate or opposed the referendum.]]>54africa,africa_business_radio,constitution,news,podcast,tunisiacleanfullhttps://www.spreaker.com/episode/nigerian-government-accuses-bbc-daily-trust-of-glorifying-terrorism-in-nigeria--50775343Mr Mohammed says the BBC and Daily Trust have recently published documentaries containing interviews with bandit warlords adding that such reporting gives legitimacy to terrorism.
He says the Nigerian Broadcasting Commission are also aware of these incidents and are looking at which part of the broadcasting codes have been violated by both the BBC and the Daily Trust.]]>https://api.spreaker.com/episode/50775343Mon, 01 Aug 2022 14:15:22 +0000Africa Business RadioMinister of Information and Culture, Lai Mohammed, says the BBC and Daily Trust will face consequences for glorifying terrorism in their reporting. Mr Mohammed says the BBC and Daily Trust have recently published documentaries containing interviews...Mr Mohammed says the BBC and Daily Trust have recently published documentaries containing interviews with bandit warlords adding that such reporting gives legitimacy to terrorism.
He says the Nigerian Broadcasting Commission are also aware of these incidents and are looking at which part of the broadcasting codes have been violated by both the BBC and the Daily Trust.]]>51africa_business_radio,bbc,daily_trust,media_freedom,news,nigeria,podcastcleanfullhttps://www.spreaker.com/episode/nigeria-algeria-niger-discuss-gas-pipeline-to-europe--50775341The Trans-Saharan Gas Pipeline would transport billions of cubic meters of gas some 4,128 kilometers from Nigeria in West Africa, north through Niger, and on to Algeria.
Algerian Energy Minister Mohamed Arkab hosted his counterparts from Nigeria and Niger, Timipre Sylva and Mahamane Sani, for talks on the project.]]>https://api.spreaker.com/episode/50775341Mon, 01 Aug 2022 14:11:52 +0000Africa Business RadioAfrican energy giants Algeria, Nigeria, and Niger signed a memorandum of understanding on a vast gas pipeline project offering Europe potential future alternatives to Russian supplies. The Trans-Saharan Gas Pipeline would transport billions of cubic...The Trans-Saharan Gas Pipeline would transport billions of cubic meters of gas some 4,128 kilometers from Nigeria in West Africa, north through Niger, and on to Algeria.
Algerian Energy Minister Mohamed Arkab hosted his counterparts from Nigeria and Niger, Timipre Sylva and Mahamane Sani, for talks on the project.]]>52africa,africa_business_radio,algeria,gas_pipeline,nigeria,podcastcleanfullhttps://www.spreaker.com/episode/nigerian-court-grants-bail-to-suspended-accountant-general--50775339Justice Adeyemi Ajayi ordered that the defendants shall not leave the Federal Capital Territory, and should they want to, they would have to seek clearance from the court or have their bail revoked.
Justice Ajayi also ordered that the defendants should not have and shall not procure alternate passports until the case is done with, having deposited their original passports to the commission.]]>https://api.spreaker.com/episode/50775339Mon, 01 Aug 2022 14:08:39 +0000Africa Business RadioThe Federal High Court in Abuja has granted the suspended Accountant General of the Federation, Idris Ahmed, and his co-defendant bail upon terms and conditions given by the Economic and Financial Crimes Commission. Justice Adeyemi Ajayi ordered that...Justice Adeyemi Ajayi ordered that the defendants shall not leave the Federal Capital Territory, and should they want to, they would have to seek clearance from the court or have their bail revoked.
Justice Ajayi also ordered that the defendants should not have and shall not procure alternate passports until the case is done with, having deposited their original passports to the commission.]]>51africa_business_radio,embezzlement,news,nigeria,podcastcleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-threaten-to-impeachment-president-over-insecurity--50775336The minority leader of the House of Reps, Ndudi Elumelu, says the signatures will be gathered to impeach the President if the security situation is not addressed.
He also drew attention to the general state of the nation, including the exchange rate and aviation crisis.]]>https://api.spreaker.com/episode/50775336Mon, 01 Aug 2022 14:03:23 +0000Africa Business RadioThe minority caucus of the House of Representatives has joined its Senate counterpart to hand President Muhammadu Buhari a six-week ultimatum to fix insecurity or face impeachment in the National Assembly. The minority leader of the House of Reps,...The minority leader of the House of Reps, Ndudi Elumelu, says the signatures will be gathered to impeach the President if the security situation is not addressed.
He also drew attention to the general state of the nation, including the exchange rate and aviation crisis.]]>47africa_business_radio,insecurity,news,nigeria,podcastcleanfullhttps://www.spreaker.com/episode/us-makes-huge-interest-rate-rise-to-tame-soaring-prices--50745871The Federal Reserve says it would increase its key rate by 0.75 percentage points, targeting a range of 2.25% to 2.5%.
Recent reports have shown falling consumer confidence, a slowing housing market, jobless claims rising, and the first contraction in business activity since 2020.]]>https://api.spreaker.com/episode/50745871Fri, 29 Jul 2022 11:42:09 +0000Africa Business RadioThe US central bank has announced another unusually large interest rate hike as it battles to rein in soaring prices in the world's largest economy. The Federal Reserve says it would increase its key rate by 0.75 percentage points, targeting a range...The Federal Reserve says it would increase its key rate by 0.75 percentage points, targeting a range of 2.25% to 2.5%.
Recent reports have shown falling consumer confidence, a slowing housing market, jobless claims rising, and the first contraction in business activity since 2020.]]>60africa_business_radio,inflation,interest_rate,news,u.s_reservecleanfullhttps://www.spreaker.com/episode/kim-jong-un-says-north-korea-ready-to-mobilise-nuclear-forces--50745870Leader Kim Jong-un added that the country was fully ready for any military confrontation with the US.
The US warned last month that Pyongyang could conduct such a test at any time.
The US special representative to North Korea Sung Kim says North Korea has tested an unprecedented number of missiles this year - 31 compared to 25 during the whole of its last record-breaking year, 2019.]]>https://api.spreaker.com/episode/50745870Fri, 29 Jul 2022 11:40:09 +0000Africa Business RadioKim Jong-un says North Korea is ready to mobilise its nuclear war deterrent. Leader Kim Jong-un added that the country was fully ready for any military confrontation with the US. The US warned last month that Pyongyang could conduct such a test at...Leader Kim Jong-un added that the country was fully ready for any military confrontation with the US.
The US warned last month that Pyongyang could conduct such a test at any time.
The US special representative to North Korea Sung Kim says North Korea has tested an unprecedented number of missiles this year - 31 compared to 25 during the whole of its last record-breaking year, 2019.]]>62africa_business_radio,news,north_korea,nuclear_forces,u.scleanfullhttps://www.spreaker.com/episode/south-africa-president-calls-for-equal-pay-for-women-footballers--50745869He urged the country's ministers of finance and sports to increase the bonus.
The president says South Africa should outlaw pay discrimination and embark on a programme to bridge the gender pay gap.
It was earlier reported that the players would receive less money in prize bonuses than their male colleagues did for reaching the quarter-finals of the men's tournament in 2019.]]>https://api.spreaker.com/episode/50745869Fri, 29 Jul 2022 11:36:43 +0000Africa Business RadioSouth Africa's President Cyril Ramaphosa says that the country's women's football team deserves equal pay to the men. He urged the country's ministers of finance and sports to increase the bonus. The president says South Africa should outlaw pay...He urged the country's ministers of finance and sports to increase the bonus.
The president says South Africa should outlaw pay discrimination and embark on a programme to bridge the gender pay gap.
It was earlier reported that the players would receive less money in prize bonuses than their male colleagues did for reaching the quarter-finals of the men's tournament in 2019.]]>59africa_business_radio,news,south_africa,sport,women_empowermentcleanfullhttps://www.spreaker.com/episode/morocco-accused-of-misusing-trials-to-silence-journalists--50745867The New York-based group says two of the most prominent cases are those of Omar Radi and Soulaimane Raissouni, both sentenced this year on sexual abuse charges to at least five years in jail.
Morocco has insisted that its justice system is independent and that the cases had nothing to do with the journalists' work.]]>https://api.spreaker.com/episode/50745867Fri, 29 Jul 2022 11:32:54 +0000Africa Business RadioHuman Rights Watch says Morocco is imprisoning journalists after flawed trials on non-political charges in order to silence them. The New York-based group says two of the most prominent cases are those of Omar Radi and Soulaimane Raissouni, both...The New York-based group says two of the most prominent cases are those of Omar Radi and Soulaimane Raissouni, both sentenced this year on sexual abuse charges to at least five years in jail.
Morocco has insisted that its justice system is independent and that the cases had nothing to do with the journalists' work.]]>55africa_business_radio,human_right,media_constrain,morocco,newscleanfullhttps://www.spreaker.com/episode/tunisian-president-to-order-parliamentary-polls--50745866The president noted the need to prepare a draft decree related to the election of a new parliament and the Council of Regions and Districts.
The president also noted that a draft decree related to the Constitutional Court would be prepared, in accordance with provisions of the new constitution, the statement added.
Tunisia's election commission says that preliminary results indicated that a referendum on the constitution delivered a yes vote of 94.6% with a turnout of 30.5%.]]>https://api.spreaker.com/episode/50745866Fri, 29 Jul 2022 11:30:51 +0000Africa Business RadioTunisian President Kais Saied says draft decrees will be prepared for the holding of an election for a new parliament and a second chamber for regions. The president noted the need to prepare a draft decree related to the election of a new parliament...The president noted the need to prepare a draft decree related to the election of a new parliament and the Council of Regions and Districts.
The president also noted that a draft decree related to the Constitutional Court would be prepared, in accordance with provisions of the new constitution, the statement added.
Tunisia's election commission says that preliminary results indicated that a referendum on the constitution delivered a yes vote of 94.6% with a turnout of 30.5%.]]>69africa,africa_business_radio,constitution,news,parliament,tunisiacleanfullhttps://www.spreaker.com/episode/who-records-91-million-africans-infected-with-deadliest-hepatitis--50745865The scorecard showed that around 70 percent of Hepatitis B infections worldwide occur in Africa.
WHO Regional Director for Africa, Dr. Matshidiso Moeti, says hepatitis was a silent epidemic, but this scorecard is sounding an alarm for the region and the world to hear.]]>https://api.spreaker.com/episode/50745865Fri, 29 Jul 2022 11:28:20 +0000Africa Business RadioThe World Health Organisation reports that more than 91 million Africans live with Hepatitis B or C, which are the deadliest strains of the virus. The scorecard showed that around 70 percent of Hepatitis B infections worldwide occur in Africa. WHO...The scorecard showed that around 70 percent of Hepatitis B infections worldwide occur in Africa.
WHO Regional Director for Africa, Dr. Matshidiso Moeti, says hepatitis was a silent epidemic, but this scorecard is sounding an alarm for the region and the world to hear.]]>67africa,africa_business_radio,health,news,whocleanfullhttps://www.spreaker.com/episode/nigerian-state-says-no-plan-to-sack-media-staff--50745862He noted that the media outfit is being revamped and upgraded to conform to the requirements of the digital era to enhance productivity.
Obaseki says the government, in line with the reforms of the state-owned media organisations, directed the closure of the newspaper for a period of one month, for re-organisation and re-launch of the media outfit.
The governor noted that those who cannot be retrained in digital media would be redeployed to other ministries. ]]>https://api.spreaker.com/episode/50745862Fri, 29 Jul 2022 11:23:46 +0000Africa Business RadioThe Edo State Governor, Mr. Godwin Obaseki, says there are no plans to lay off the staff of the state-owned newspaper, the Nigerian Observer. He noted that the media outfit is being revamped and upgraded to conform to the requirements of the digital...He noted that the media outfit is being revamped and upgraded to conform to the requirements of the digital era to enhance productivity.
Obaseki says the government, in line with the reforms of the state-owned media organisations, directed the closure of the newspaper for a period of one month, for re-organisation and re-launch of the media outfit.
The governor noted that those who cannot be retrained in digital media would be redeployed to other ministries. ]]>61africa_business_radio,media,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-air-force-takes-over-proposed-mko-abiola-airport--50745860The Chief of Air Staff, Air Marshal Oladayo Amao, recalled that NAF had earlier relocated its Research and Development Centre from Kaduna to Osogbo.
He says the aviation city will be established in addition to the existing NAF Institute of Safety and Special Operation at Ipetu-Ijesa, Osun State.]]>https://api.spreaker.com/episode/50745860Fri, 29 Jul 2022 11:15:15 +0000Africa Business RadioThe Nigerian Air Force disclosed plans to establish an aviation city in Osun State while it formally took possession of the MKO Abiola Airport, Ido-Osun, Osun State. The Chief of Air Staff, Air Marshal Oladayo Amao, recalled that NAF had earlier...The Chief of Air Staff, Air Marshal Oladayo Amao, recalled that NAF had earlier relocated its Research and Development Centre from Kaduna to Osogbo.
He says the aviation city will be established in addition to the existing NAF Institute of Safety and Special Operation at Ipetu-Ijesa, Osun State.]]>64africa_business_radio,air_force,aviation,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-government-to-commence-health-coverage-for-vulnerable-citizens--50745844The Secretary to the Government of the Federation, Boss Mustapha, says the signing into law of the National Health Insurance Authority Bill by President, Muhammadu Buhari signaled a new lease of life to the health sector, which would make universal health coverage accessible to the vulnerable in every nook and cranny of the country.
He added that signing into law of the NHIA bill would go a long way to reduce poverty and improve the economic lives of Nigerians.]]>https://api.spreaker.com/episode/50745844Fri, 29 Jul 2022 11:08:03 +0000Africa Business RadioThe Federal Government says plans to commence Universal Health Coverage which would provide affordable and accessible health care to 83 million vulnerable Nigerians. The Secretary to the Government of the Federation, Boss Mustapha, says the signing...The Secretary to the Government of the Federation, Boss Mustapha, says the signing into law of the National Health Insurance Authority Bill by President, Muhammadu Buhari signaled a new lease of life to the health sector, which would make universal health coverage accessible to the vulnerable in every nook and cranny of the country.
He added that signing into law of the NHIA bill would go a long way to reduce poverty and improve the economic lives of Nigerians.]]>76africa_business_radio,health_coverage,news,nigeriacleanfullhttps://www.spreaker.com/episode/imf-forecasts-imminent-global-recession-as-inflation-surge--50724821IMF chief economist Pierre-Olivier Gourinchas says the outlook has darkened significantly since April adding that the world may soon be teetering on the edge of a global recession, only two years after the last one.
The International Monetary Fund cut the 2022 global GDP estimate to 3.2 percent, four-tenths of a point lower than the April forecast, and about half the rate seen last year.]]>https://api.spreaker.com/episode/50724821Wed, 27 Jul 2022 11:24:46 +0000Africa Business RadioSurging inflation and severe slowdowns in the United States and China prompted the IMF to downgrade its outlook for the global economy this year and next while giving an even starker assessment of what may lie ahead. IMF chief economist...IMF chief economist Pierre-Olivier Gourinchas says the outlook has darkened significantly since April adding that the world may soon be teetering on the edge of a global recession, only two years after the last one.
The International Monetary Fund cut the 2022 global GDP estimate to 3.2 percent, four-tenths of a point lower than the April forecast, and about half the rate seen last year.]]>54africa_business_radio,global_forcast,global_recession,imf,inflation,news,podcastcleanfullhttps://www.spreaker.com/episode/russia-to-quit-international-space-station-after-2024--50724819Space experts say the departure from the International Space Station would seriously affect the country’s space sector and deal a major blow to the program of manned flights, a major source of Russian pride.
The new head of Russian space agency Roscosmos, Yury Borisov, says they will start putting together a Russian orbital station while calling it the domestic space program’s main priority.]]>https://api.spreaker.com/episode/50724819Wed, 27 Jul 2022 11:21:19 +0000Africa Business RadioRussia says it was leaving the International Space Station after 2024 amid tensions with the West, in a move analysts warned could lead to a halt to manned flights. Space experts say the departure from the International Space Station would seriously...Space experts say the departure from the International Space Station would seriously affect the country’s space sector and deal a major blow to the program of manned flights, a major source of Russian pride.
The new head of Russian space agency Roscosmos, Yury Borisov, says they will start putting together a Russian orbital station while calling it the domestic space program’s main priority.]]>51africa_business_radio,international_space_station,news,orbital_station,podcast,russiacleanfullhttps://www.spreaker.com/episode/google-to-open-payments-app-to-meet-european-union-regulations--50724690Google says it recognised that the recently adopted Digital Markets Act would require Google Play and other industry players to adjust the operating models of their online marketplaces for European Users.
Google’s director for EU Government Affairs and Public Policy, Estelle Werth says as part of their efforts to comply with these new rules, we are announcing a new program to support billing alternatives for EEA users.
Google says the fee would be reduced by three percentage points.]]>https://api.spreaker.com/episode/50724690Wed, 27 Jul 2022 11:18:59 +0000Africa Business RadioGoogle has announced that it will open its Google Play application to alternative payment methods in order to meet new EU regulations. Google says it recognised that the recently adopted Digital Markets Act would require Google Play and other...Google says it recognised that the recently adopted Digital Markets Act would require Google Play and other industry players to adjust the operating models of their online marketplaces for European Users.
Google’s director for EU Government Affairs and Public Policy, Estelle Werth says as part of their efforts to comply with these new rules, we are announcing a new program to support billing alternatives for EEA users.
Google says the fee would be reduced by three percentage points.]]>53africa_business_radio,billing_alternative,digital_market_act,european_union,google,news,online_market_placecleanfullhttps://www.spreaker.com/episode/world-bank-gives-100-million-to-combat-hunger-in-sudan--50724687The funds will help provide an emergency safety net amid worsening hunger in the northeast African nation caused by a poor harvest and rising international food prices.
The bank says the funds will be channeled solely through the WFP to scale up the food security response and provide direct support to the most vulnerable people of Sudan.]]>https://api.spreaker.com/episode/50724687Wed, 27 Jul 2022 11:15:17 +0000Africa Business RadioThe World Bank released $100 million for the World Food Programme to tackle deep food insecurity for two million people in Sudan, where aid was suspended following an October coup. The funds will help provide an emergency safety net amid worsening...The funds will help provide an emergency safety net amid worsening hunger in the northeast African nation caused by a poor harvest and rising international food prices.
The bank says the funds will be channeled solely through the WFP to scale up the food security response and provide direct support to the most vulnerable people of Sudan.]]>48africa_business_radio,food_insecurity,food_programme,news,podcast,sudancleanfullhttps://www.spreaker.com/episode/uganda-rejects-compulsory-adult-vaccines--50724679The health ministry says the bill was designed to tackle emerging health threats like hemorrhagic fevers and wanted any rule-breakers to be fined up to $1,045 or face a six-month jail sentence.
MPs however raised concerns about the rights of individuals to choose and questioned who would take liability for vaccine side effects.]]>https://api.spreaker.com/episode/50724679Wed, 27 Jul 2022 11:12:37 +0000Africa Business RadioA proposed new law to make vaccines compulsory for all adults in the event of a mass disease outbreak has been rejected by Uganda's parliament. The health ministry says the bill was designed to tackle emerging health threats like hemorrhagic fevers...The health ministry says the bill was designed to tackle emerging health threats like hemorrhagic fevers and wanted any rule-breakers to be fined up to $1,045 or face a six-month jail sentence.
MPs however raised concerns about the rights of individuals to choose and questioned who would take liability for vaccine side effects.]]>47africa,africa_business_radio,lawmakers,news,uganda,vaccinecleanfullhttps://www.spreaker.com/episode/ghana-kenya-malawi-gained-more-access-to-malaria-jab--50724678International support worth $160m from 2022 to 2025 will be made available to the aforementioned countries, which piloted the jab in 2019.
The WHO recommended the widespread use of the RTS vaccine in October 2021, which has led to more countries expressing an interest in it however the jab only provides 30% protection.]]>https://api.spreaker.com/episode/50724678Wed, 27 Jul 2022 11:09:32 +0000Africa Business RadioThe WHO and Gavi, the Vaccine Alliance, have invited developing countries like Ghana, Kenya, and Malawi to apply for funding to access the RTS malaria vaccine. International support worth $160m from 2022 to 2025 will be made available to the...International support worth $160m from 2022 to 2025 will be made available to the aforementioned countries, which piloted the jab in 2019.
The WHO recommended the widespread use of the RTS vaccine in October 2021, which has led to more countries expressing an interest in it however the jab only provides 30% protection.]]>64africa,africa_business_radio,health,malaria_vaccine,news,vaccine,whocleanfullhttps://www.spreaker.com/episode/south-africa-central-bank-raises-key-rate-to-5-5--50724677The move announced a day after South Africa reported a 13-year high in inflation was the fourth rate hike in a row, as the South African Reserve Bank voiced concerns over high inflation and weak economic growth.
Governor Lesetja Kganyago says the central bank decided to increase the repurchase rate by 75 basis points to 5.50 percent per year with effect from Friday.
Kganyago says the rate increase aimed to help bring inflation back down to the bank’s target band of three to six percent.]]>https://api.spreaker.com/episode/50724677Wed, 27 Jul 2022 11:06:00 +0000Africa Business RadioSouth Africa’s central bank raised its benchmark interest rate by three-quarters of a percentage point to 5.5 percent the steepest hike in a decade. The move announced a day after South Africa reported a 13-year high in inflation was the fourth rate...The move announced a day after South Africa reported a 13-year high in inflation was the fourth rate hike in a row, as the South African Reserve Bank voiced concerns over high inflation and weak economic growth.
Governor Lesetja Kganyago says the central bank decided to increase the repurchase rate by 75 basis points to 5.50 percent per year with effect from Friday.
Kganyago says the rate increase aimed to help bring inflation back down to the bank’s target band of three to six percent.]]>57africa_business_radio,financial_market,inflation,interest_rate,news,south_africacleanfullhttps://www.spreaker.com/episode/us-investors-urged-to-financially-back-africa--50724675Dr. Adesina wants American investors to see Africa as a logical investment destination and to engage with the continent in win-win partnerships.
The AfDB boss says that despite the disruptions of the Covid-19 pandemic and its impact on economies, the number of private equity deals in Africa increased from 230 in 2019 to 255 by 2020.
He stressed that even in turbulent times, opportunities still abound in Africa.]]>https://api.spreaker.com/episode/50724675Wed, 27 Jul 2022 11:03:42 +0000Africa Business RadioThe President of the African Development Bank Group, Dr. Akinwumi Adesina has given strong assurance to US investors that Africa is a secure, competitive, and profitable market. Dr. Adesina wants American investors to see Africa as a logical...Dr. Adesina wants American investors to see Africa as a logical investment destination and to engage with the continent in win-win partnerships.
The AfDB boss says that despite the disruptions of the Covid-19 pandemic and its impact on economies, the number of private equity deals in Africa increased from 230 in 2019 to 255 by 2020.
He stressed that even in turbulent times, opportunities still abound in Africa.]]>56africa,africa_business_radio,economy,financial_market,news,nigeria,united_statescleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-step-down-motion-to-halt-proposed-ban-on-motorcycles--50724674A member from Jigawa State, Abubakar Yalleman, had moved the motion during the plenary at the green chamber of the National Assembly in Abuja.
He prayed the House to urge the Federal Government to restrict the ban to local governments where banditry and terrorism were rife.
The Deputy Speaker of the House, Idris Wase, however, prevailed upon Yalleman to step down.
He says he appreciated the motion but appealed to the lawmakers to cooperate with the executive arm of government in the fight against insecurity.]]>https://api.spreaker.com/episode/50724674Wed, 27 Jul 2022 11:00:43 +0000Africa Business RadioThe House of Representatives has stepped down a motion to call on the Federal Government to halt the proposed ban on motorcycles. A member from Jigawa State, Abubakar Yalleman, had moved the motion during the plenary at the green chamber of the...A member from Jigawa State, Abubakar Yalleman, had moved the motion during the plenary at the green chamber of the National Assembly in Abuja.
He prayed the House to urge the Federal Government to restrict the ban to local governments where banditry and terrorism were rife.
The Deputy Speaker of the House, Idris Wase, however, prevailed upon Yalleman to step down.
He says he appreciated the motion but appealed to the lawmakers to cooperate with the executive arm of government in the fight against insecurity.]]>54africa_business_radio,lawmakers,motorcycle_ban,news,nigeria,transportationcleanfullhttps://www.spreaker.com/episode/nigerian-labour-congress-threatens-a-national-warning-strike--50724672NLC President, Ayuba Wabba says the protest first is to show their concern and to also call for urgent action to resolve the issues.
The Federal Government however says the decision of the NLC to embark on a nationwide protest was illegal, the leadership of the union insisted that its action was within the ambit of the law.]]>https://api.spreaker.com/episode/50724672Wed, 27 Jul 2022 10:58:18 +0000Africa Business RadioThe Nigeria Labour Congress warns the Federal Government should brace for a three-day nationwide strike across all sectors if the crisis in the nation’s public universities is left unresolved. NLC President, Ayuba Wabba says the protest first is to...NLC President, Ayuba Wabba says the protest first is to show their concern and to also call for urgent action to resolve the issues.
The Federal Government however says the decision of the NLC to embark on a nationwide protest was illegal, the leadership of the union insisted that its action was within the ambit of the law.]]>48africa_business_radio,education,industrial_action,labour_congress,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-president-vows-to-put-an-end-to-terrorism--50724671The President says the service chiefs have been kept on their toes to ensure that banditry and terrorism are decisively addressed.
He also sympathized with former National Chairman of the Peoples Democratic Party, Adamu Muazu, over the killing of his brother and abduction of his sister by bandits.]]>https://api.spreaker.com/episode/50724671Wed, 27 Jul 2022 10:51:36 +0000Africa Business RadioPresident Muhammadu Buhari reaffirmed his administration’s commitment to tackling the nation’s security challenges, saying he will leave no stone unturned in crushing bandits and terrorists wreaking havoc in several parts of the country. The...The President says the service chiefs have been kept on their toes to ensure that banditry and terrorism are decisively addressed.
He also sympathized with former National Chairman of the Peoples Democratic Party, Adamu Muazu, over the killing of his brother and abduction of his sister by bandits.]]>48africa_business_radio,insecurity,news,nigeria,podcast,terrorismcleanfullhttps://www.spreaker.com/episode/us-lawmakers-denounce-blacklisting-of-palestinian-ngos-by-israel--50657554In a letter addressed to US Secretary of State Antony Blinken and Director of National Intelligence Avril Haines on Monday, 21 members of Congress decried the absence of available evidence backing the Israeli allegations against the Palestinian organisations.
The letter reads that the US must always and consistently speak out against efforts by all countries attempting to undermine civil society and the necessary work of humanitarian organizations.]]>https://api.spreaker.com/episode/50657554Wed, 20 Jul 2022 14:53:09 +0000Africa Business RadioA group of United States legislators has urged the Biden administration to publicly reject Israel’s labeling of six Palestinian human rights organizations as terrorist groups. In a letter addressed to US Secretary of State Antony Blinken and Director...In a letter addressed to US Secretary of State Antony Blinken and Director of National Intelligence Avril Haines on Monday, 21 members of Congress decried the absence of available evidence backing the Israeli allegations against the Palestinian organisations.
The letter reads that the US must always and consistently speak out against efforts by all countries attempting to undermine civil society and the necessary work of humanitarian organizations.]]>56africa_business_radio,icreal,news,ngo's,palestian,podcast,u.scleanfullhttps://www.spreaker.com/episode/texas-state-police-to-investigate-slow-response-to-uvalde-massacre--50657552The agency says that the probe will determine if any violations of policy, law, or doctrine occurred during the mass shooting at Robb Elementary School on May 24 that left 19 children and two teachers dead.
It says an internal committee would be charged with leading the investigation, which will also determine where the department can make necessary improvements for future mass casualty responses.]]>https://api.spreaker.com/episode/50657552Wed, 20 Jul 2022 14:50:59 +0000Africa Business RadioThe Texas Department of Public Safety has announced it will investigate the actions of state police officers during the Uvalde primary school massacre, as law enforcement’s slow response continues to prompt widespread outrage and demands for...The agency says that the probe will determine if any violations of policy, law, or doctrine occurred during the mass shooting at Robb Elementary School on May 24 that left 19 children and two teachers dead.
It says an internal committee would be charged with leading the investigation, which will also determine where the department can make necessary improvements for future mass casualty responses.]]>56africabusiness_radio,law_enforcement,news,podcast,school_shooting,texas,uvaldecleanfullhttps://www.spreaker.com/episode/the-us-says-russia-aiming-for-annexation--50657550The chief spokesman for the National Security Council, John Kirby says Moscow is preparing to install proxy officials, establish the rouble as the default currency, and force residents to apply for citizenship.
Kirby says similar tactics were used in 2014 when Russia announced its annexation of Crimea after seizing the territory from Ukraine and holding a referendum the international community saw as illegal.]]>https://api.spreaker.com/episode/50657550Wed, 20 Jul 2022 14:49:25 +0000Africa Business RadioThe White House says Russia is laying the groundwork for the annexation of Ukrainian territory. The chief spokesman for the National Security Council, John Kirby says Moscow is preparing to install proxy officials, establish the rouble as the default...The chief spokesman for the National Security Council, John Kirby says Moscow is preparing to install proxy officials, establish the rouble as the default currency, and force residents to apply for citizenship.
Kirby says similar tactics were used in 2014 when Russia announced its annexation of Crimea after seizing the territory from Ukraine and holding a referendum the international community saw as illegal.]]>48africa_business_radio,annexation,news,podcast,russia,ukraine,u.scleanfullhttps://www.spreaker.com/episode/china-eu-to-talk-trade-amid-tensions-over-xinjiang--50657547Valdis Dombrovskis, executive vice president of the EU Commission, and Chinese Vice Premier Liu He will co-chair the virtual meeting involving economic officials from each side on Tuesday afternoon, Beijing time.
The dialogue comes after months of failed efforts to set a date for talks after the tense EU-China summit in April, during which the sides failed to agree on a joint statement amid divisions over the war in Ukraine and human rights concerns.]]>https://api.spreaker.com/episode/50657547Wed, 20 Jul 2022 14:48:02 +0000Africa Business RadioChina and the European Union will hold high-level talks on the economy and trade amid tensions over the war in Ukraine, the treatment of ethnic minority Muslims in Xinjiang, and an unratified investment deal. Valdis Dombrovskis, executive vice...Valdis Dombrovskis, executive vice president of the EU Commission, and Chinese Vice Premier Liu He will co-chair the virtual meeting involving economic officials from each side on Tuesday afternoon, Beijing time.
The dialogue comes after months of failed efforts to set a date for talks after the tense EU-China summit in April, during which the sides failed to agree on a joint statement amid divisions over the war in Ukraine and human rights concerns.]]>57africa_business_radio,business,china,economy,european_union,news,podcast,tradecleanfullhttps://www.spreaker.com/episode/us-includes-vietnam-cambodia-macau-to-trafficking-blacklist--50657545The United States also added authoritarian-ruled Belarus to the blacklist and, in a rare criticism of a Western ally, put Bulgaria on a watchlist over concerns it is not taking trafficking seriously.]]>https://api.spreaker.com/episode/50657545Wed, 20 Jul 2022 14:45:11 +0000Africa Business RadioThe United States added Vietnam, Cambodia, Brunei, and Macau to a human trafficking blacklist that already counts Malaysia, alleging weak efforts to stop forced sex work or assist migrant laborers. The United States also added authoritarian-ruled...The United States also added authoritarian-ruled Belarus to the blacklist and, in a rare criticism of a Western ally, put Bulgaria on a watchlist over concerns it is not taking trafficking seriously.]]>43africa_business_radio,blacklist,brunei,cambodia,human_trafficking,macau,news,united_states,vietnamcleanfullhttps://www.spreaker.com/episode/european-union-approves-military-funding-boost-for-niger--50657544The EU says these funds will help Niger to better protect the civilian population against the growing terrorist threat adding that the money will finance the construction of a training centre for the army's logistics support.
A military operating base will also be built to reduce the vulnerability of the Nigerien army in the Tillaberi region which borders Burkina Faso and Mali, two countries that have had increasing militant activities.]]>https://api.spreaker.com/episode/50657544Wed, 20 Jul 2022 14:43:19 +0000Africa Business RadioThe EU has announced a 25m euro grant to help Niger's armed forces fight terrorism and defend its territorial integrity. The EU says these funds will help Niger to better protect the civilian population against the growing terrorist threat adding...The EU says these funds will help Niger to better protect the civilian population against the growing terrorist threat adding that the money will finance the construction of a training centre for the army's logistics support.
A military operating base will also be built to reduce the vulnerability of the Nigerien army in the Tillaberi region which borders Burkina Faso and Mali, two countries that have had increasing militant activities.]]>52africa_business_africa,european_union,news,niger,poodcast,terrorismcleanfullhttps://www.spreaker.com/episode/mali-open-to-dialogue-over-detained-ivorian-troops--50657541Col Assimi Goïta says he was willing, in the spirit of good relations between Mali and Ivory Coast, to work to resolve the dispute, including through diplomatic means.
Col Goïta wanted Togo to lead a mission between the two countries to help resolve the situation.
It came as he held talks on issues of common interest with Togolese Foreign Affairs Minister Robert Dussey.]]>https://api.spreaker.com/episode/50657541Wed, 20 Jul 2022 14:41:32 +0000Africa Business RadioMali’s military ruler says he is open to dialogue to resolve the issue of the 49 Ivorian soldiers who were arrested at the airport in Bamako earlier this month. Col Assimi Goïta says he was willing, in the spirit of good relations between Mali and...Col Assimi Goïta says he was willing, in the spirit of good relations between Mali and Ivory Coast, to work to resolve the dispute, including through diplomatic means.
Col Goïta wanted Togo to lead a mission between the two countries to help resolve the situation.
It came as he held talks on issues of common interest with Togolese Foreign Affairs Minister Robert Dussey.]]>52africa,africa_business_radio,ivory_coast,mali,news,podcastcleanfullhttps://www.spreaker.com/episode/the-us-promises-1-2billion-to-avert-famine-in-the-horn-of-africa--50657540Power, administrator of the US Agency for International Development, says the situation was especially dire in turbulent Somalia, conflict-hit Ethiopia, and Kenya, the so-called Horn of Africa which is forecast to experience its fifth straight drought later this year.
Power says the $1.18 billion in US aid would include emergency food as well as a peanut-based supplement for malnourished children and veterinary services for dying livestock.]]>https://api.spreaker.com/episode/50657540Wed, 20 Jul 2022 14:39:56 +0000Africa Business RadioUnited States aid chief Samantha Power promised $1.18 billion to help avert famine in the Horn of Africa and urged other nations including China to do more to fight a food crisis aggravated by Russia’s invasion of Ukraine. Power, administrator of the...Power, administrator of the US Agency for International Development, says the situation was especially dire in turbulent Somalia, conflict-hit Ethiopia, and Kenya, the so-called Horn of Africa which is forecast to experience its fifth straight drought later this year.
Power says the $1.18 billion in US aid would include emergency food as well as a peanut-based supplement for malnourished children and veterinary services for dying livestock.]]>61africa,africa_business_radio,famine,news,u.scleanfullhttps://www.spreaker.com/episode/nigerian-minister-given-two-week-ultimatum-to-resolve-national-strike--50657523Members of the Senior Staff Association of Nigerian University have warned the Professor Nimi-Briggs Committee renegotiating the 2009 Agreement that it would not accept any disparity in university staff salary, saying it would take every legal action to ensure that such doesn’t happen.]]>https://api.spreaker.com/episode/50657523Wed, 20 Jul 2022 14:31:43 +0000Africa Business RadioPresident Muhammadu Buhari directed the Minister of Education, Mallam Adamu Adamu, to resolve the prolonged industrial action embarked upon by the four university-based unions and report back to him within two weeks. Members of the Senior Staff...Members of the Senior Staff Association of Nigerian University have warned the Professor Nimi-Briggs Committee renegotiating the 2009 Agreement that it would not accept any disparity in university staff salary, saying it would take every legal action to ensure that such doesn’t happen.]]>50africa_business_radio,education,industrial_act,labour_union,news,nigeria,podcastcleanfullhttps://www.spreaker.com/episode/nigeria-s-state-run-oil-corporation-becomes-a-commercial-company--50657521He says NNPC Limited will sustainably deliver value to its over 200 million shareholders and the global energy community; operate without relying on government funding and be free from institutional regulations such as the Treasury Single Account.
He assured stakeholders in the industry that Africa’s largest NOC will adhere to its fundamental corporate values of Integrity, Excellence, and Sustainability while operating as a commercial, independent, and viable NOC at par with its peers around the world.]]>https://api.spreaker.com/episode/50657521Wed, 20 Jul 2022 14:29:33 +0000Africa Business RadioPresident Muhammadu Buhari unveiled the Nigerian National Petroleum Company Limited, assuring that the new company will guarantee energy security in the country. He says NNPC Limited will sustainably deliver value to its over 200 million shareholders...He says NNPC Limited will sustainably deliver value to its over 200 million shareholders and the global energy community; operate without relying on government funding and be free from institutional regulations such as the Treasury Single Account.
He assured stakeholders in the industry that Africa’s largest NOC will adhere to its fundamental corporate values of Integrity, Excellence, and Sustainability while operating as a commercial, independent, and viable NOC at par with its peers around the world.]]>60africa_business_radio,news,nigeria,nnpc,treasury_single_accountcleanfullhttps://www.spreaker.com/episode/central-bank-of-nigeria-raises-interest-rate-to-14-to-check-inflation--50657520CBN Governor Godwin Emefiele says it was the right option considering economic realities.
He says the committee resolved that the most rational policy option would be to further strengthen its tightening stance in order to effectively curtail the unabated rising trend of inflation.
He says the increase MPR to 14% from 13, retain the Asymmetric Corridor at +100 and -700 basis points around the MPR, retain the CRR at 27.5 percent and retain the liquidity ratio at 30 percent.]]>https://api.spreaker.com/episode/50657520Wed, 20 Jul 2022 14:24:44 +0000Africa Business RadioThe Central Bank of Nigeria has raised the Monetary Policy Rate from 13 percent to 14 percent. CBN Governor Godwin Emefiele says it was the right option considering economic realities. He says the committee resolved that the most rational policy...CBN Governor Godwin Emefiele says it was the right option considering economic realities.
He says the committee resolved that the most rational policy option would be to further strengthen its tightening stance in order to effectively curtail the unabated rising trend of inflation.
He says the increase MPR to 14% from 13, retain the Asymmetric Corridor at +100 and -700 basis points around the MPR, retain the CRR at 27.5 percent and retain the liquidity ratio at 30 percent.]]>56africa_business_radio,central_bank,inflation_rate,monetary_policy_rate,news,nigeria,podcastcleanfullhttps://www.spreaker.com/episode/sri-lanka-declare-state-emergency-ahead-of-parliament-vote-for-new-president--50611817Wickremesinghe announced the measure in the interests of public security, the protection of public order, and the maintenance of supplies and services essential to the life of the community.
Sri Lanka’s beleaguered leaders have issued imposed a state of emergency several times since April when mass protests started against the government’s handling of the economic crisis and a persistent shortage of essentials]]>https://api.spreaker.com/episode/50611817Mon, 18 Jul 2022 15:17:24 +0000Africa Business RadioSri Lanka’s acting President Ranil Wickremesinghe has declared a state of emergency in the crisis-ridden island nation in an effort to head off unrest ahead of a vote in parliament later this week to elect a new president. Wickremesinghe announced...Wickremesinghe announced the measure in the interests of public security, the protection of public order, and the maintenance of supplies and services essential to the life of the community.
Sri Lanka’s beleaguered leaders have issued imposed a state of emergency several times since April when mass protests started against the government’s handling of the economic crisis and a persistent shortage of essentials]]>56africa_business_radio,economic_crisis,election,news,sri_lanka,state_of_emergencycleanfullhttps://www.spreaker.com/episode/eu-chief-executive-heads-to-azerbaijan-in-search-of-gas-deal--50611815The Commission says amid Russia’s continued weaponisation of its energy supplies, diversification of our energy imports is a priority for the EU, President von der Leyen and Energy Commissioner Kadri Simson will be in Azerbaijan to further strengthen the cooperation.
The Commission has proposed to EU countries a deal with Azerbaijan to increase imports of natural gas and support the expansion of a pipeline to do this.]]>https://api.spreaker.com/episode/50611815Mon, 18 Jul 2022 15:11:04 +0000Africa Business RadioEuropean Commission President Ursula von der Leyen will travel to Baku to seek more natural gas from Azerbaijan as the European Union seeks to reduce its reliance on Russian energy. The Commission says amid Russia’s continued weaponisation of its...The Commission says amid Russia’s continued weaponisation of its energy supplies, diversification of our energy imports is a priority for the EU, President von der Leyen and Energy Commissioner Kadri Simson will be in Azerbaijan to further strengthen the cooperation.
The Commission has proposed to EU countries a deal with Azerbaijan to increase imports of natural gas and support the expansion of a pipeline to do this.]]>55africa_business_radio,european_union,news,podcast,russian_energycleanfullhttps://www.spreaker.com/episode/macron-s-idea-of-a-european-community-labeled-as-anti-russian--50611813France24 reports that this community would encompass EU membership candidates like Ukraine and possibly ex-member the United Kingdom.
Lavrov says there would be no particular financial or economic benefits, but there will be demands for full solidarity with the EU on its anti-Russian actions.]]>https://api.spreaker.com/episode/50611813Mon, 18 Jul 2022 15:05:00 +0000Africa Business RadioRussian Foreign Minister Sergey Lavrov has called the French president’s proposal for a European political community a deliberately confrontational idea with anti-Russian intentions. France24 reports that this community would encompass EU membership...France24 reports that this community would encompass EU membership candidates like Ukraine and possibly ex-member the United Kingdom.
Lavrov says there would be no particular financial or economic benefits, but there will be demands for full solidarity with the EU on its anti-Russian actions.]]>48africa_business_radio,anti_russian,european_community,european_union,france,macron,newscleanfullhttps://www.spreaker.com/episode/africa-urged-to-diversify-economically--50611811UNCTAD Secretary-General, Rebeca Grynspan says they believe that the continent must use every opportunity to achieve economic diversification through services, and it must seize the potential of the African Continental Free Trade Area.
She outlines the great potential which African countries have to transform their economies through services, thus supporting the continent's long-standing economic diversification goals and boosting productivity and development.]]>https://api.spreaker.com/episode/50611811Mon, 18 Jul 2022 15:01:35 +0000Africa Business RadioThe head of the United Nations Conference on Trade and Development says Africa must diversify economically and become more resilient to realize its full potential. UNCTAD Secretary-General, Rebeca Grynspan says they believe that the continent must...UNCTAD Secretary-General, Rebeca Grynspan says they believe that the continent must use every opportunity to achieve economic diversification through services, and it must seize the potential of the African Continental Free Trade Area.
She outlines the great potential which African countries have to transform their economies through services, thus supporting the continent's long-standing economic diversification goals and boosting productivity and development.]]>55africa,africa_business_radio,economic_diversification,news,unctadcleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-probes-maritime-s-payment-of-5million-legal-fee--50611809The Senate Public Account Committee is carrying out the investigation based on the query raised by the Auditor General for the Federation as contained in its 2018 Annual Report.
The Chairman of SPAC, Senator Matthew Urhoghide says the panel had no other option than to call for the issuance of the arrest warrant against the Director General.
Urhoghide lamented that his panel had invited the NIMASA management up to three times, but the officials failed to honor the invitations.]]>https://api.spreaker.com/episode/50611809Mon, 18 Jul 2022 14:59:40 +0000Africa Business RadioThe Senate has commenced a probe into the alleged payment of $5 million as a professional fee by the Nigerian Maritime and Safety Agency to a legal firm for the purpose of recovering $9.3 billion which the country lost to the global movement of...The Senate Public Account Committee is carrying out the investigation based on the query raised by the Auditor General for the Federation as contained in its 2018 Annual Report.
The Chairman of SPAC, Senator Matthew Urhoghide says the panel had no other option than to call for the issuance of the arrest warrant against the Director General.
Urhoghide lamented that his panel had invited the NIMASA management up to three times, but the officials failed to honor the invitations.]]>63africa_business_radio,corruption,maritime,news,nigeria,podcastcleanfullhttps://www.spreaker.com/episode/ecowas-court-rules-nigeria-s-twitter-ban-unlawful--50611808The court ordered the Buhari administration to take necessary steps to align its policies and other measures to give effect to the rights and freedoms and to guarantee a non-repetition of the unlawful ban of Twitter.
The Court also ordered the Buhari administration to bear the costs of the proceedings and directed the Deputy Chief Registrar to assess the costs accordingly.]]>https://api.spreaker.com/episode/50611808Mon, 18 Jul 2022 14:53:40 +0000Africa Business RadioThe Economic Community of West African States has declared President Muhammadu Buhari's ban on Twitter unlawful and has ordered the government never to repeat it. The court ordered the Buhari administration to take necessary steps to align its...The court ordered the Buhari administration to take necessary steps to align its policies and other measures to give effect to the rights and freedoms and to guarantee a non-repetition of the unlawful ban of Twitter.
The Court also ordered the Buhari administration to bear the costs of the proceedings and directed the Deputy Chief Registrar to assess the costs accordingly.]]>49africa_business_radio,ecowas,media_freedom,news,nigeria,social_media,twittercleanfullhttps://www.spreaker.com/episode/nigeria-labour-congress-demands-payment-of-striking-university-workers-salaries--50611803It is also calling on the Federal Government to pay the salaries of the striking workers, which it said had since been frozen on the premise of the so-called ‘no work-no pay’ policy.
NLC President, Ayuba Waba, says the Federal Government should immediately conclude the ongoing negotiation with trade unions in Nigeria’s universities and be prepared to commence implementation of whatever Collective Bargaining Agreement arising therefrom so that public universities in Nigeria can resume normal activities.]]>https://api.spreaker.com/episode/50611803Mon, 18 Jul 2022 14:38:37 +0000Africa Business RadioThe Nigeria Labour Congress has faulted the Federal Government over its handling of the industrial actions that have grounded activities in public universities. It is also calling on the Federal Government to pay the salaries of the striking workers,...It is also calling on the Federal Government to pay the salaries of the striking workers, which it said had since been frozen on the premise of the so-called ‘no work-no pay’ policy.
NLC President, Ayuba Waba, says the Federal Government should immediately conclude the ongoing negotiation with trade unions in Nigeria’s universities and be prepared to commence implementation of whatever Collective Bargaining Agreement arising therefrom so that public universities in Nigeria can resume normal activities.]]>57africa_business_radio,labour_congress,news,nigeria,nigerian_universities,podcast,trade_unioncleanfullhttps://www.spreaker.com/episode/nigerian-leader-suspended-for-honoring-notorious-bandit-leader--50611800Secretary to the State Government, Kabiru Sardauna, announced the suspension in a statement on Sunday.
Governor Bello Matawalle approved the appointment of a Committee to investigate the circumstances leading to the action of the Emir.]]>https://api.spreaker.com/episode/50611800Mon, 18 Jul 2022 14:34:35 +0000Africa Business RadioThe Zamfara State Government has suspended the Emir of Birnin ‘Yandoto of Tsafe Local Government Area, Aliyu Marafa, for conferring a chieftaincy title to a notorious bandit leader. Secretary to the State Government, Kabiru Sardauna, announced the...Secretary to the State Government, Kabiru Sardauna, announced the suspension in a statement on Sunday.
Governor Bello Matawalle approved the appointment of a Committee to investigate the circumstances leading to the action of the Emir.]]>45africa_business_radio,banditry,news,nigeria,podcastcleanfullhttps://www.spreaker.com/episode/singapore-philippines-tighten-monetary-policy-on-inflation-concerns--50571315Bangko Sentral ng Pilipinas lifted its benchmark interest rate by 0.75 percentage points in an unscheduled rate hike on Thursday, as the central bank signaled it was ready to take further action to tackle rising inflation.
BSP Governor Felipe Medalla says that the central bank stood ready to take further necessary actions to steer inflation towards a target-consistent path over the medium term.]]>https://api.spreaker.com/episode/50571315Thu, 14 Jul 2022 14:07:32 +0000Africa Business RadioSingapore and the Philippines’ central banks have unveiled a surprise tightening of monetary policy in the latest sign of heightened inflation concerns in the Asia Pacific. Bangko Sentral ng Pilipinas lifted its benchmark interest rate by 0.75...Bangko Sentral ng Pilipinas lifted its benchmark interest rate by 0.75 percentage points in an unscheduled rate hike on Thursday, as the central bank signaled it was ready to take further action to tackle rising inflation.
BSP Governor Felipe Medalla says that the central bank stood ready to take further necessary actions to steer inflation towards a target-consistent path over the medium term.]]>54africa_business_radio,interest_rate,monetary_policy,news,philippine,singaporecleanfullhttps://www.spreaker.com/episode/who-warns-covid-19-pandemic-nowhere-near-over--50571335Tedros Adhanom Ghebreyesus says he was worried that case numbers were shooting up, putting more strain on health systems and workers.
He says that as transmission increases, governments must also deploy tried-and-tested measures like mask-wearing and improving ventilation.
WHO emergencies director Michael Ryan added that recent changes in testing policies were hindering the detection of cases and the monitoring of virus evolution.]]>https://api.spreaker.com/episode/50571335Thu, 14 Jul 2022 14:00:39 +0000Africa Business RadioThe World Health Organization’s chief says fresh surges of Covid infections show the pandemic is nowhere near over, warning that the virus is running free. Tedros Adhanom Ghebreyesus says he was worried that case numbers were shooting up, putting...Tedros Adhanom Ghebreyesus says he was worried that case numbers were shooting up, putting more strain on health systems and workers.
He says that as transmission increases, governments must also deploy tried-and-tested measures like mask-wearing and improving ventilation.
WHO emergencies director Michael Ryan added that recent changes in testing policies were hindering the detection of cases and the monitoring of virus evolution.]]>53africa_business_radio,covid_19,health,infections,news,whocleanfullhttps://www.spreaker.com/episode/new-zealand-central-bank-hikes-benchmark-rate-to-2-5-percent--50571290It was the third time this year that the Reserve Bank of New Zealand lifted the cash rate by 50 basis points, following hikes in April and May. There was also a quarter percentage point rise in February.
The bank has forecast that the rate will peak at 4 percent late next year.
It says that it remains appropriate to continue to tighten monetary conditions at a pace to maintain price stability and support maximum sustainable employment.]]>https://api.spreaker.com/episode/50571290Thu, 14 Jul 2022 13:56:39 +0000Africa Business RadioNew Zealand’s central bank lifted its benchmark interest rate by half a percentage point to 2.5 percent as it attempts to curb inflation. It was the third time this year that the Reserve Bank of New Zealand lifted the cash rate by 50 basis points,...It was the third time this year that the Reserve Bank of New Zealand lifted the cash rate by 50 basis points, following hikes in April and May. There was also a quarter percentage point rise in February.
The bank has forecast that the rate will peak at 4 percent late next year.
It says that it remains appropriate to continue to tighten monetary conditions at a pace to maintain price stability and support maximum sustainable employment.]]>52africa_business_radio,interest_rate,monetary_policy,news,new_zealandcleanfullhttps://www.spreaker.com/episode/ghana-s-inflation-hits-29-8-in-almost-two-decades--50570927The country’s statistics office says surging food and commodity prices are responsible for the spike.
The government has now turned to the International Monetary Fund (IMF) for a bailout plan expected to be worth $1.5bn.
Ghana’s total debt is estimated to be more than two-thirds of its revenue and an increase in its debt profile could harm future generations and scare investors]]>https://api.spreaker.com/episode/50570927Thu, 14 Jul 2022 13:48:51 +0000Africa Business RadioGhana’s inflation hit 29.8% in June, the highest since December 2003. The country’s statistics office says surging food and commodity prices are responsible for the spike. The government has now turned to the International Monetary Fund (IMF) for a...The country’s statistics office says surging food and commodity prices are responsible for the spike.
The government has now turned to the International Monetary Fund (IMF) for a bailout plan expected to be worth $1.5bn.
Ghana’s total debt is estimated to be more than two-thirds of its revenue and an increase in its debt profile could harm future generations and scare investors]]>48africa,africa_business_radio,ghana,imf,inflation_rate,news,revenuecleanfullhttps://www.spreaker.com/episode/nigeria-not-on-track-to-attaining-sustainable-development-goals--50570923The UN scribe says the country’s population of over 150 million has the majority living on less than N370 per day, quoting data from the World Bank.
Schmale says even though there are significant challenges to the attainment of the 2030 agenda, which was worsened by the COVID-19 pandemic and the war in Ukraine, Nigeria was already lagging behind before the dual obstacles.]]>https://api.spreaker.com/episode/50570923Thu, 14 Jul 2022 13:39:06 +0000Africa Business RadioThe United Nations Resident and Humanitarian Coordinator, Mr. Mathias Schmale says Nigeria currently lags behind in terms of reaching many of the Sustainable Development Goals 2030 targets. The UN scribe says the country’s population of over 150...The UN scribe says the country’s population of over 150 million has the majority living on less than N370 per day, quoting data from the World Bank.
Schmale says even though there are significant challenges to the attainment of the 2030 agenda, which was worsened by the COVID-19 pandemic and the war in Ukraine, Nigeria was already lagging behind before the dual obstacles.]]>54africa_business_radio,news,nigeria,sdg's,united_nations,world_bankcleanfullhttps://www.spreaker.com/episode/nigerian-state-denies-passing-sharia-law--50570922Chairman, Lagos State House of Assembly Committee on Information, Security and Strategy, Hon. Setonji David says the Assembly has at no time passed a Sharia law in a deal to get Northern support for the All Progressives Congress presidential candidate, Bola Tinubu, as the peddlers of this deception would have people believe.
The lawmaker says the alleged secret passage of Sharia law by Lagos Assembly, is malicious and unfounded.]]>https://api.spreaker.com/episode/50570922Thu, 14 Jul 2022 13:36:38 +0000Africa Business RadioThe Lagos State House of Assembly has refuted claims suggesting that its lawmakers secretly passed a Sharia law. Chairman, Lagos State House of Assembly Committee on Information, Security and Strategy, Hon. Setonji David says the Assembly has at no...Chairman, Lagos State House of Assembly Committee on Information, Security and Strategy, Hon. Setonji David says the Assembly has at no time passed a Sharia law in a deal to get Northern support for the All Progressives Congress presidential candidate, Bola Tinubu, as the peddlers of this deception would have people believe.
The lawmaker says the alleged secret passage of Sharia law by Lagos Assembly, is malicious and unfounded.]]>52africa_business_radio,lagos_state,news,nigeria,sharia_lawcleanfullhttps://www.spreaker.com/episode/nigerian-government-accused-of-acting-unlawfully-on-3-1billion-e-customs-project--50570914It stressed that there were several pending suits on the matter before other courts.
The firm averred that it would be affected by the outcome of the ongoing matter while listing some of the pending cases it claimed were on and related which are concerned with the automation of the Nigeria Customs Service.]]>https://api.spreaker.com/episode/50570914Thu, 14 Jul 2022 13:34:29 +0000Africa Business RadioA firm seeking to be joined in the ongoing $3.1 billion e-Customs project suit in the Federal High Court Abuja, Adani Mega Systems Limited, has accused the federal government of acting unlawfully in awarding the contract. It stressed that there were...It stressed that there were several pending suits on the matter before other courts.
The firm averred that it would be affected by the outcome of the ongoing matter while listing some of the pending cases it claimed were on and related which are concerned with the automation of the Nigeria Customs Service.]]>49africa_business_radio,e-custom,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-apex-bank-seeks-fraud-prevention-mechanism-on-digital-financial-services--50570912The central bank directed the institutions to monitor fraud reports to identify emerging fraud issues and sensitise their customers on how they can protect their assets, following the growing threats to cybersecurity in recent times.
The central bank noted that DFS has the potential to expand access to financial services for the Nigerian population and spur innovation in the financial services industry.]]>https://api.spreaker.com/episode/50570912Thu, 14 Jul 2022 13:30:23 +0000Africa Business RadioThe Central Bank of Nigeria has directed financial institutions and payment service providers to do more to enhance transparency and proper disclosure of Digital Financial Services going forward. The central bank directed the institutions to monitor...The central bank directed the institutions to monitor fraud reports to identify emerging fraud issues and sensitise their customers on how they can protect their assets, following the growing threats to cybersecurity in recent times.
The central bank noted that DFS has the potential to expand access to financial services for the Nigerian population and spur innovation in the financial services industry.]]>55africa_business_radio,apex_bank,digital_financing,internet_fraud,news,nigeria,payment_servicecleanfullhttps://www.spreaker.com/episode/nigerian-government-urged-to-approve-n200billion-to-end-asuu-strike--50570911Mr. Falana says President Buhari’s recent lament over the prolonged strike was unnecessary.
He also faulted the Federal Government’s claim that it does not have the funds to meet ASUU’s demands, noting that the government has allocated trillions to address issues such as fuel subsidy and agriculture policy.]]>https://api.spreaker.com/episode/50570911Thu, 14 Jul 2022 13:26:17 +0000Africa Business RadioHuman rights activist and senior lawyer, Femi Falana, has asked President Muhammadu Buhari to submit a supplementary budget for the appropriation of the sum of N200 billion required to revamp federal universities across the country. Mr. Falana says...Mr. Falana says President Buhari’s recent lament over the prolonged strike was unnecessary.
He also faulted the Federal Government’s claim that it does not have the funds to meet ASUU’s demands, noting that the government has allocated trillions to address issues such as fuel subsidy and agriculture policy.]]>52africa_business_radio,asuu,education,fuel_subsidy,nigeria,supplementary_budgetcleanfullhttps://www.spreaker.com/episode/biden-administration-extends-temporary-protected-status-for-venezuelans--50559437US Secretary of Homeland Security Alejandro Mayorkas says that Venezuelans in the country as of March 8 last year would be eligible to apply.
Majorkas says the move was one of many ways the Biden administration is providing humanitarian support to Venezuelans at home and abroad.]]>https://api.spreaker.com/episode/50559437Wed, 13 Jul 2022 15:30:35 +0000Africa Business RadioThe United States has extended Temporary Protected Status for Venezuela for an additional 18 months, shielding Venezuelans residing in the US as of early March 2021 from potential deportation. US Secretary of Homeland Security Alejandro Mayorkas says...US Secretary of Homeland Security Alejandro Mayorkas says that Venezuelans in the country as of March 8 last year would be eligible to apply.
Majorkas says the move was one of many ways the Biden administration is providing humanitarian support to Venezuelans at home and abroad.]]>49africa_business_radio,homeland,news,temporary_protected_status,united_states,venezuelacleanfullhttps://www.spreaker.com/episode/un-expected-to-extend-syria-aid-for-six-months--50559431The United States, France, and the United Kingdom have argued six months is not long enough for aid groups to plan and operate effectively, but a proposal for a one-year extension, which was supported by 13 council members, was vetoed by Russia on Friday.
Russia says the UN aid operation violates Syria’s sovereignty and territorial integrity and that more assistance should be delivered from inside the country.]]>https://api.spreaker.com/episode/50559431Wed, 13 Jul 2022 15:26:08 +0000Africa Business RadioThe United Nations Security Council looks set to continue crucial cross-border aid to millions of people in northwestern Syria until January after days of wrangling with Russia over the huge operation. The United States, France, and the United...The United States, France, and the United Kingdom have argued six months is not long enough for aid groups to plan and operate effectively, but a proposal for a one-year extension, which was supported by 13 council members, was vetoed by Russia on Friday.
Russia says the UN aid operation violates Syria’s sovereignty and territorial integrity and that more assistance should be delivered from inside the country.]]>54africa_business_radio,cross_border_aid,news,security_council,syria,uncleanfullhttps://www.spreaker.com/episode/religious-leader-offers-mediation-in-south-sudan-and-dr-congo--50559284Pope Francis says South Sudan had a bright future but said the implementation of the peace agreement was crucial.
He added that the Catholic Church is always open to intervention, for instance mediation.]]>https://api.spreaker.com/episode/50559284Wed, 13 Jul 2022 15:21:49 +0000Africa Business RadioThe Vatican has spoken of its willingness to help resolve the conflicts in South Sudan and the Democratic Republic of Congo. Pope Francis says South Sudan had a bright future but said the implementation of the peace agreement was crucial. He added...Pope Francis says South Sudan had a bright future but said the implementation of the peace agreement was crucial.
He added that the Catholic Church is always open to intervention, for instance mediation.]]>37africa_business_radio,dr_congo,news,south_sudan,vaticiancleanfullhttps://www.spreaker.com/episode/european-union-braces-for-migrants-prompted-by-food-crisis--50559265The interim executive director of the Frontex agency, Aija Kalnaja says while Ukrainian refugees were being handled well and they have to prepare for refugees coming from other areas because of the food security.
She noted in particular that grain transport from Ukraine is hampered, and that will create waves of migration.]]>https://api.spreaker.com/episode/50559265Wed, 13 Jul 2022 15:18:42 +0000Africa Business RadioEU’s border agency chief warned that the EU must brace for new waves of migrants forced to uproot because of the food crisis aggravated by the war in Ukraine. The interim executive director of the Frontex agency, Aija Kalnaja says while Ukrainian...The interim executive director of the Frontex agency, Aija Kalnaja says while Ukrainian refugees were being handled well and they have to prepare for refugees coming from other areas because of the food security.
She noted in particular that grain transport from Ukraine is hampered, and that will create waves of migration.]]>47africa_business_radio,eu,food_crisis,immigration,newscleanfullhttps://www.spreaker.com/episode/new-uk-prime-minister-to-be-announced-on-september-5--50559218The influential 1922 Committee of non-ministerial Tory MPs in parliament outlined a timetable for the party’s leadership election.
The joint-executive secretary of the 1922 Committee, Bob Blackman, said they were committed to doing that before parliament breaks for the summer on July 21.]]>https://api.spreaker.com/episode/50559218Wed, 13 Jul 2022 15:07:41 +0000Africa Business RadioThe ruling Conservative party says the new UK prime minister to replace the outgoing Boris Johnson will be announced on September 5, with 11 hopefuls currently vying for the job. The influential 1922 Committee of non-ministerial Tory MPs in...The influential 1922 Committee of non-ministerial Tory MPs in parliament outlined a timetable for the party’s leadership election.
The joint-executive secretary of the 1922 Committee, Bob Blackman, said they were committed to doing that before parliament breaks for the summer on July 21.]]>48africa_business_radio,boris_johnson,election,news,parliament,prime_minister,ukcleanfullhttps://www.spreaker.com/episode/mozambique-s-trade-unions-rejects-transport-plans--50559206The OTM General Secretary, Alexandre Munguambe, says the government's promise of a passenger subsidy is just a way of entertaining the public and the Famba Card is unworkable.
He says the OTM wants a reduction in the Value Added Tax paid on basic goods and fuel.
Munguambe pointed out that none of the country's minimum wages come anywhere near covering the cost of a basic package of goods and services.]]>https://api.spreaker.com/episode/50559206Wed, 13 Jul 2022 15:03:04 +0000Africa Business RadioThe main Mozambican trade union federation has denounced the government's plans for passenger transport, in unusually strong language. The OTM General Secretary, Alexandre Munguambe, says the government's promise of a passenger subsidy is just a way...The OTM General Secretary, Alexandre Munguambe, says the government's promise of a passenger subsidy is just a way of entertaining the public and the Famba Card is unworkable.
He says the OTM wants a reduction in the Value Added Tax paid on basic goods and fuel.
Munguambe pointed out that none of the country's minimum wages come anywhere near covering the cost of a basic package of goods and services.]]>50africa_business_radio,mozambique,news,transportationcleanfullhttps://www.spreaker.com/episode/china-wins-competition-to-secure-zimbabwe-lithium-source--50559171Suzhou has agreed to invest $35 million in the construction of a pilot plant at the Zulu mine, which will help the facility produce up to 50,000 tones of lithium-containing rocks annually.
He says the new investment sets the company on the path to achieving vertical integration of the lithium battery supply chain.]]>https://api.spreaker.com/episode/50559171Wed, 13 Jul 2022 15:00:20 +0000Africa Business RadioZulu lithium Mines' chief executive, George Roach, says that the firm selected Suzhou TA&A Ultra Clean Technology Co. from a number of Chinese, European, and Australian investors. Suzhou has agreed to invest $35 million in the construction of a pilot...Suzhou has agreed to invest $35 million in the construction of a pilot plant at the Zulu mine, which will help the facility produce up to 50,000 tones of lithium-containing rocks annually.
He says the new investment sets the company on the path to achieving vertical integration of the lithium battery supply chain.]]>51africa,africa_business_radio,china,lithium,natural_resources,news,zimbabwecleanfullhttps://www.spreaker.com/episode/nigeria-to-supply-gas-to-europe-through-revived-pipeline-project--50559118President Muhammadu Buhari, says Nigeria is ready to fill the natural gas gaps in Europe predicated by the current Russian-Ukrainian war.
Buhari says with over 200 million, mainly young people, Nigeria is ready to be the hub of the African Continental Free Trade Area.
Buhari urged Portugal to consider Nigeria as a valued and trusted partner in Africa.]]>https://api.spreaker.com/episode/50559118Wed, 13 Jul 2022 14:57:37 +0000Africa Business RadioNigeria's petroleum minister, Timipre Sylva, says funding for the project will come from Europe and that authorities are already holding talks with European firms and countries. President Muhammadu Buhari, says Nigeria is ready to fill the natural...President Muhammadu Buhari, says Nigeria is ready to fill the natural gas gaps in Europe predicated by the current Russian-Ukrainian war.
Buhari says with over 200 million, mainly young people, Nigeria is ready to be the hub of the African Continental Free Trade Area.
Buhari urged Portugal to consider Nigeria as a valued and trusted partner in Africa.]]>51africa_business_radio,gas_project,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-high-court-issues-new-directions-to-hold-virtual-hearings-of-cases--50558900The new practice directions, which were issued by Chief Judge of the Court, Justice John Tsoho, forbade judges from granting more than two adjournments to any party in an election dispute.
It also provided that interlocutory issues touching on the jurisdiction of the Court, shall be suspended and delivered at the stage of final judgment.
The statement adds that the Chief Judge of the Federal High Court may direct that matters be transferred to the appropriate Division or any other Division as may be reasonably practicable considering the given circumstances.]]>https://api.spreaker.com/episode/50558900Wed, 13 Jul 2022 14:47:24 +0000Africa Business RadioThe Federal High Court has issued new practice directions that allow for virtual hearing of cases and electronic service of notices on lawyers. The new practice directions, which were issued by Chief Judge of the Court, Justice John Tsoho, forbade...The new practice directions, which were issued by Chief Judge of the Court, Justice John Tsoho, forbade judges from granting more than two adjournments to any party in an election dispute.
It also provided that interlocutory issues touching on the jurisdiction of the Court, shall be suspended and delivered at the stage of final judgment.
The statement adds that the Chief Judge of the Federal High Court may direct that matters be transferred to the appropriate Division or any other Division as may be reasonably practicable considering the given circumstances.]]>58africa_business_radio,high_court,news,nigeria,vitual_hearingscleanfullhttps://www.spreaker.com/episode/nigerian-president-appeals-to-academic-staff-union-over-prolonged-strike--50558744
President Muhammadu Buhari called on ASUU to reconsider their position on the continued strike, expressing worry that the hiatus will have generational consequences on families, the educational system, and the future development of the country.
The President, says the strike had already taken a toll on the psychology of parents, students, and other stakeholders, throwing up many moral issues that already beg for attention.
President Buhari noted that the future of the country rests on the quality of educational institutions and education while assuring that the government understands its position, and negotiations should continue, with students in lecture halls.]]>https://api.spreaker.com/episode/50558744Wed, 13 Jul 2022 14:29:46 +0000Africa Business RadioNigerian President Appeals To Academic Staff Union Over Prolonged Strike President Muhammadu Buhari called on ASUU to reconsider their position on the continued strike, expressing worry that the hiatus will have generational consequences on...
President Muhammadu Buhari called on ASUU to reconsider their position on the continued strike, expressing worry that the hiatus will have generational consequences on families, the educational system, and the future development of the country.
The President, says the strike had already taken a toll on the psychology of parents, students, and other stakeholders, throwing up many moral issues that already beg for attention.
President Buhari noted that the future of the country rests on the quality of educational institutions and education while assuring that the government understands its position, and negotiations should continue, with students in lecture halls.]]>55africa_business_radio,asuu,education,industrial_action,news,nigeria,universitycleanfullhttps://www.spreaker.com/episode/global-cost-of-living-crisis-catalyzed-by-war-in-ukraine--50534399The UNDP says an analysis of 159 developing countries globally indicates that price spikes in key commodities are already having immediate and devastating impacts on the poorest households, with clear hotspots in the Balkans, countries in the Caspian Sea region, and Sub-Saharan Africa.]]>https://api.spreaker.com/episode/50534399Mon, 11 Jul 2022 13:26:57 +0000Africa Business RadioThe UN Development Programme in a report says soaring inflation rates have seen an increase in the number of poor people in developing countries by 71 million in the three months since March 2022. The UNDP says an analysis of 159 developing countries...The UNDP says an analysis of 159 developing countries globally indicates that price spikes in key commodities are already having immediate and devastating impacts on the poorest households, with clear hotspots in the Balkans, countries in the Caspian Sea region, and Sub-Saharan Africa.]]>48africa,africa_business_radio,cost_of_living,news,russia,ukraine,undpcleanfullhttps://www.spreaker.com/episode/sri-lanka-s-president-gotabaya-rajapaksa-to-step-down--50534379Parliament Speaker Mahinda Yapa Abeywardena request the public to respect the law and maintain peace.
The news of the president’s decision triggered an eruption of celebratory fireworks in parts of the capital, Colombo.]]>https://api.spreaker.com/episode/50534379Mon, 11 Jul 2022 13:25:00 +0000Africa Business RadioSri Lanka’s President Gotabaya Rajapaksa has agreed to step down next week, an official said, after protesters stormed the presidential palace and set fire to the prime minister’s home to vent their anger over a worsening economic crisis. Parliament...Parliament Speaker Mahinda Yapa Abeywardena request the public to respect the law and maintain peace.
The news of the president’s decision triggered an eruption of celebratory fireworks in parts of the capital, Colombo.]]>46africa_business_radio,news,rising_inflation,sri_lanka,weakened_economycleanfullhttps://www.spreaker.com/episode/pacific-islands-summit-begins-amid-us-china-battle-for-influence--50534334The forum, which includes 16 small island nations along with Australia and New Zealand, is also breaking with convention and postponing the in-person Dialogue Partners ministerial meeting, a gathering of representatives from its 21 external partners, including the United States and China.]]>https://api.spreaker.com/episode/50534334Mon, 11 Jul 2022 13:21:41 +0000Africa Business RadioThe 51st Pacific Islands Forum leader's meeting is shaping up to be the most significant regional summit in years. The forum, which includes 16 small island nations along with Australia and New Zealand, is also breaking with convention and postponing...The forum, which includes 16 small island nations along with Australia and New Zealand, is also breaking with convention and postponing the in-person Dialogue Partners ministerial meeting, a gathering of representatives from its 21 external partners, including the United States and China.]]>45africa_business_radio,china,news,pacific_island,taiwan,united_statescleanfullhttps://www.spreaker.com/episode/spain-court-approves-autopsy-on-angolan-ex-president--50534301The autopsy was requested by the late president's daughter, Tchize dos Santos.
She has spoken of a conspiracy to kill her father to prevent him from supporting the opposition in the upcoming Angolan elections.
Lawyers for the Dos Santos family have denounced moves by the Angolan government to return the body to Angola for a state funeral, against the ex-president's expressed wish to be buried privately in Spain.]]>https://api.spreaker.com/episode/50534301Mon, 11 Jul 2022 13:17:43 +0000Africa Business RadioA court in Barcelona has authorized an autopsy to be carried out on the body of the former Angolan president, Jose Eduardo dos Santos. The autopsy was requested by the late president's daughter, Tchize dos Santos. She has spoken of a conspiracy to...The autopsy was requested by the late president's daughter, Tchize dos Santos.
She has spoken of a conspiracy to kill her father to prevent him from supporting the opposition in the upcoming Angolan elections.
Lawyers for the Dos Santos family have denounced moves by the Angolan government to return the body to Angola for a state funeral, against the ex-president's expressed wish to be buried privately in Spain.]]>50africa,africa_business_radio,angola,news,spaincleanfullhttps://www.spreaker.com/episode/un-to-intervene-over-rising-malnutrition-in-north-west-nigeria--50534276The body which provides medical assistance to people affected by conflict, epidemics, and disasters, called on the Nigerian authorities and the United Nations to intervene before the situation becomes uncontainable.
It added that a growing, yet largely ignored, malnutrition crisis was unfolding in the region in Nigeria, which it said threatens the lives of tens of thousands of children.
The organization stated that the hunger gap had begun, and the peak of malaria transmission which would further deteriorate the health and nutritional status of children was even yet to come.]]>https://api.spreaker.com/episode/50534276Mon, 11 Jul 2022 13:14:31 +0000Africa Business RadioDoctors without Borders has raised the alarm over the rocketing number of malnourished children in Nigeria's northwest. The body which provides medical assistance to people affected by conflict, epidemics, and disasters, called on the Nigerian...The body which provides medical assistance to people affected by conflict, epidemics, and disasters, called on the Nigerian authorities and the United Nations to intervene before the situation becomes uncontainable.
It added that a growing, yet largely ignored, malnutrition crisis was unfolding in the region in Nigeria, which it said threatens the lives of tens of thousands of children.
The organization stated that the hunger gap had begun, and the peak of malaria transmission which would further deteriorate the health and nutritional status of children was even yet to come.]]>57africa_business_radio,health,human_right,news,nigeria,united_nationscleanfullhttps://www.spreaker.com/episode/shell-exxonmobil-to-enforce-1-8bn-arbitration-award-against-nnpc--50534260The 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court judge erred in rejecting the entire October 2011 award, which by 2018 had grown to $2.67 billion including interest, against NNPC.
It says the judge should have determined which parts of the award had been deemed enforceable by a Nigerian appeals court.]]>https://api.spreaker.com/episode/50534260Mon, 11 Jul 2022 13:11:30 +0000Africa Business RadioAn appeal court in the U.S says ExxonMobil Corp and Royal Dutch Shell Plc affiliates may try to enforce a part of a $1.8 billion arbitration award against the Nigerian National Petroleum Company Limited in a dispute concerning oil extraction near the...The 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court judge erred in rejecting the entire October 2011 award, which by 2018 had grown to $2.67 billion including interest, against NNPC.
It says the judge should have determined which parts of the award had been deemed enforceable by a Nigerian appeals court.]]>57africa,africa_business_radio,arbitration_award,exxonmobile,news,nigeria,nnpc,shellcleanfullhttps://www.spreaker.com/episode/presidential-candidate-tinubu-announces-ex-borno-governor-shettima-as-his-running-mate--50534142Tinubu briefed reporters about the choice at the end of a closed-door meeting that lasted about an hour with Buhari at the President’s residence.
Shettima was selected because the former Borno State governor is competent, capable, reliable, and able to be picked as a running mate.]]>https://api.spreaker.com/episode/50534142Mon, 11 Jul 2022 13:07:39 +0000Africa Business RadioThe presidential candidate of the All Progressives Congress, Bola Tinubu, has announced Senator Kashim Shettima as his running mate in the 2023 general elections. Tinubu briefed reporters about the choice at the end of a closed-door meeting that...Tinubu briefed reporters about the choice at the end of a closed-door meeting that lasted about an hour with Buhari at the President’s residence.
Shettima was selected because the former Borno State governor is competent, capable, reliable, and able to be picked as a running mate.]]>472023_election,africa_business_radio,news,nigeria,shettima,tinubucleanfullhttps://www.spreaker.com/episode/nigerian-state-candidates-to-sign-peace-accord-on-july-13--50534086Chairman of the committee and former Head of State, General Abdusalami Abubakar called on the Independent National Electoral Commission and all stakeholders to consolidate on the success of the recently held Ekiti State governorship poll.
He appealed to the electorate to come out en masse, exercising their civic rights to vote, without fear of violence and with the understanding that the structures for growth are dependent on peace, and also expressed concern over the growing trend of vote-buying.]]>https://api.spreaker.com/episode/50534086Mon, 11 Jul 2022 13:01:17 +0000Africa Business RadioPolitical candidates and their parties will sign a Peace Accord to commit themselves to the smooth conduct of the exercise ahead of the July 16 governorship election in Osun State. Chairman of the committee and former Head of State, General...Chairman of the committee and former Head of State, General Abdusalami Abubakar called on the Independent National Electoral Commission and all stakeholders to consolidate on the success of the recently held Ekiti State governorship poll.
He appealed to the electorate to come out en masse, exercising their civic rights to vote, without fear of violence and with the understanding that the structures for growth are dependent on peace, and also expressed concern over the growing trend of vote-buying.]]>572023_election,africa_business_radio,news,nigeria,osun_election,peace_accordcleanfullhttps://www.spreaker.com/episode/kenyan-court-freezes-flutterwave--50509680The court ruling comes on the suspicion that the money was proceeds of fraud and money laundering.
Kenya's Assets Recovery Agency asked the court to stop the money from being moved or taken out until the government filed a petition to get the money back.
The agency says that their investigations showed that the money was sent as payments for goods and services.]]>https://api.spreaker.com/episode/50509680Fri, 08 Jul 2022 14:18:57 +0000Africa Business RadioKenya’s High Court has frozen more than US$50 million in 62 bank accounts belonging to Nigerian start-up Flutterwave and four Kenyans. The court ruling comes on the suspicion that the money was proceeds of fraud and money laundering. Kenya's...The court ruling comes on the suspicion that the money was proceeds of fraud and money laundering.
Kenya's Assets Recovery Agency asked the court to stop the money from being moved or taken out until the government filed a petition to get the money back.
The agency says that their investigations showed that the money was sent as payments for goods and services.]]>47africa_business_radio,flutterwave,kenya,money_laundering,newscleanfullhttps://www.spreaker.com/episode/un-rights-body-seeks-reversal-of-taliban-policies-violating-afghan-women-s-right--50509761The council’s decisions are not legally binding but carry political weight and can lead to official investigations.
The U.S. ambassador to the council, Michèle Taylor, also voiced concern over recent measures, mentioning a new policy to punish male family members who are not enforcing restrictions that were creating an environment of constant fear.]]>https://api.spreaker.com/episode/50509761Fri, 08 Jul 2022 14:15:17 +0000Africa Business RadioThe United Nations Human Rights Council passed a resolution condemning rights violations against women and girls in Afghanistan, urging the ruling Taliban to end restrictive practices described as making them invisible in society. The council’s...The council’s decisions are not legally binding but carry political weight and can lead to official investigations.
The U.S. ambassador to the council, Michèle Taylor, also voiced concern over recent measures, mentioning a new policy to punish male family members who are not enforcing restrictions that were creating an environment of constant fear.]]>53afghan,africa_business_radio,human_right,news,taliban,united_nationscleanfullhttps://www.spreaker.com/episode/george-floyd-s-killer-gets-21-years-for-violating-civil-rights--50509743US District Judge Paul Magnuson rebuked Chauvin at the sentencing hearing calling the ex-policeman’s actions when he killed Floyd in May 2020 offensive.
Attorney General Merrick Garland says the Justice Department is committed to holding accountable those who violate the Constitution, and to safeguarding the civil rights of all Americans.]]>https://api.spreaker.com/episode/50509743Fri, 08 Jul 2022 14:12:01 +0000Africa Business RadioA United States federal court has sentenced former Minneapolis police officer Derek Chauvin to 21 years in prison for violating the civil rights of George Floyd, a Black man killed when Chauvin kneeled on his neck for more than nine minutes in an...US District Judge Paul Magnuson rebuked Chauvin at the sentencing hearing calling the ex-policeman’s actions when he killed Floyd in May 2020 offensive.
Attorney General Merrick Garland says the Justice Department is committed to holding accountable those who violate the Constitution, and to safeguarding the civil rights of all Americans.]]>56africa_business_radio,black_lives_matter,civil_right,george_floyd,news,united_statescleanfullhttps://www.spreaker.com/episode/new-zealand-central-bank-warns-australia-bank-unit-on-money-laundering--50509702The Reserve Bank of New Zealand says NAB’s Bank of New Zealand did not report accurate locations for about 50,000 local and physical cash transactions between November 2018 and April 2020.
BNZ says it had reported the error to the Reserve Bank after becoming aware of the issue in August 2020 and set about fixing it immediately.]]>https://api.spreaker.com/episode/50509702Fri, 08 Jul 2022 14:09:14 +0000Africa Business RadioNew Zealand’s central bank issued a formal warning to National Australia Bank Ltd’s local unit for failing to report approximately 50,000 transactions as required by anti-money laundering and counterterrorism laws. The Reserve Bank of New Zealand...The Reserve Bank of New Zealand says NAB’s Bank of New Zealand did not report accurate locations for about 50,000 local and physical cash transactions between November 2018 and April 2020.
BNZ says it had reported the error to the Reserve Bank after becoming aware of the issue in August 2020 and set about fixing it immediately.]]>54africa_business_radio,australia_bank,money_laundering,news,new_zealand,terrorismcleanfullhttps://www.spreaker.com/episode/sierra-leone-defends-plan-to-unban-abortion--50509682Rahman Swaray says it was not a gimmick and the government intended to pass the legislation.
He says that 14% of those who die during childbirth did so because of unsafe abortions - many of them teenagers.
President Julius Maada Bio says his government would try again at a time when sexual reproductive rights for women were under attack - a reference to the US Supreme Court's recent overturning a woman’s constitutional right to an abortion.]]>https://api.spreaker.com/episode/50509682Fri, 08 Jul 2022 14:06:35 +0000Africa Business RadioSierra Leone’s information minister has defended plans to decriminalise abortion. Rahman Swaray says it was not a gimmick and the government intended to pass the legislation. He says that 14% of those who die during childbirth did so because of...Rahman Swaray says it was not a gimmick and the government intended to pass the legislation.
He says that 14% of those who die during childbirth did so because of unsafe abortions - many of them teenagers.
President Julius Maada Bio says his government would try again at a time when sexual reproductive rights for women were under attack - a reference to the US Supreme Court's recent overturning a woman’s constitutional right to an abortion.]]>50abortion,africa,africa_business_radio,news,sierra_leonecleanfullhttps://www.spreaker.com/episode/africa-cdc-signs-with-pfizer-for-covid-pill-for-african-countries--50509632The acting director of the Africa Centres for Disease Control and Prevention, Ahmed Ogwell Ouma, says the MOU would allow African countries to access Paxlovid at cost.
The World Health Organization says that deaths in the continent from COVID-19 are expected to fall by nearly 94 per cent in 2022 compared with last year.]]>https://api.spreaker.com/episode/50509632Fri, 08 Jul 2022 14:02:59 +0000Africa Business RadioAfrica’s top public health agency says it had signed a memorandum of understanding with Pfizer for countries on the continent to receive supplies of the Paxlovid pill to treat COVID-19. The acting director of the Africa Centres for Disease Control...The acting director of the Africa Centres for Disease Control and Prevention, Ahmed Ogwell Ouma, says the MOU would allow African countries to access Paxlovid at cost.
The World Health Organization says that deaths in the continent from COVID-19 are expected to fall by nearly 94 per cent in 2022 compared with last year.]]>51africa,africa_business_radio,covid_pill,disease_contro,news,pfizercleanfullhttps://www.spreaker.com/episode/nigerian-state-suspends-new-safe-abortion-guidelines--50509605The guidelines were developed over four years and were meant to guide healthcare providers to provide safe and lawful abortion services within existing laws however religious leaders said they were not consulted.
The Catholic Archbishop of Lagos early this week was quoted as saying the guidelines would legalise abortion through the backdoor.
Governor Babajide Sanwo-Olu says further sensitisation of the public and stakeholders was needed to ensure a clearer understanding of the guidelines.]]>https://api.spreaker.com/episode/50509605Fri, 08 Jul 2022 13:58:34 +0000Africa Business RadioNigeria's Lagos state has suspended new guidelines on safe abortion to allow for more consultations. The guidelines were developed over four years and were meant to guide healthcare providers to provide safe and lawful abortion services within...The guidelines were developed over four years and were meant to guide healthcare providers to provide safe and lawful abortion services within existing laws however religious leaders said they were not consulted.
The Catholic Archbishop of Lagos early this week was quoted as saying the guidelines would legalise abortion through the backdoor.
Governor Babajide Sanwo-Olu says further sensitisation of the public and stakeholders was needed to ensure a clearer understanding of the guidelines.]]>56abortion,africa_business_radio,healthcare,lagos,news,nigeriacleanfullhttps://www.spreaker.com/episode/uk-court-blocks-nigeria-from-appealing-ruling-on-opl-245-deal--50509568The high court says there was no real prospect of overturning the ruling.
Judge Sara Cockerill ruled that the Nigerian government could not prove that it was defrauded, saying it might be that with the benefit of hindsight.
The US Department of Justice previously investigated the OPL 245 deal and announced in October 2019 that it was closing the case.]]>https://api.spreaker.com/episode/50509568Fri, 08 Jul 2022 13:55:14 +0000Africa Business RadioThe UK high court of justice has blocked the Federal Government from appealing last month's ruling dismissing a $1.7 billion claim against JP Morgan Chase Bank over the transfer of proceeds from the sale of OPL 245 in 2011. The high court says there...The high court says there was no real prospect of overturning the ruling.
Judge Sara Cockerill ruled that the Nigerian government could not prove that it was defrauded, saying it might be that with the benefit of hindsight.
The US Department of Justice previously investigated the OPL 245 deal and announced in October 2019 that it was closing the case.]]>56africa_business_radio,news,nigeria,opel_245,shellcleanfullhttps://www.spreaker.com/episode/african-leaders-launch-93bn-investment-fund-to-boost-economy--50509547President Buhari stressed that in view of the current challenges faced by world economies, the Nigerian government is determined to ensure that the economy is able to withstand the shocks by building a resilient economy capable of creating jobs.
He called on global partners for concerted efforts to help in the realisation of these objectives.]]>https://api.spreaker.com/episode/50509547Fri, 08 Jul 2022 13:50:49 +0000Africa Business RadioPresident Muhammadu Buhari joined African leaders in Dakar, Senegal to launch the largest financial package ever mobilised in the history of the International Development Association $93billion geared toward a robust and resilient economy for Africa....President Buhari stressed that in view of the current challenges faced by world economies, the Nigerian government is determined to ensure that the economy is able to withstand the shocks by building a resilient economy capable of creating jobs.
He called on global partners for concerted efforts to help in the realisation of these objectives.]]>53africa,africa_business_radio,financial_package,investment_fund,news,nigeriacleanfullhttps://www.spreaker.com/episode/uk-court-says-ekweremadu-s-kidney-donor-not-underage--50509524The police authorities had accused the lawmaker of conspiring to bring a child to the United Kingdom for organ harvesting, saying the victim was a 15-year-old boy.
The prosecution accepted that he is 21 years old, contrary to earlier claims that he is 15 years old.]]>https://api.spreaker.com/episode/50509524Fri, 08 Jul 2022 13:46:32 +0000Africa Business RadioThe Westminster Magistrates Court, the United Kingdom accepted that the kidney donor in the case of former Deputy Senate President, Ike Ekweremadu and his wife, Beatrice is not a minor. The police authorities had accused the lawmaker of conspiring...The police authorities had accused the lawmaker of conspiring to bring a child to the United Kingdom for organ harvesting, saying the victim was a 15-year-old boy.
The prosecution accepted that he is 21 years old, contrary to earlier claims that he is 15 years old.]]>45africa_business_radio,news,nigeria,organ_donors,organ_harvesting,u.kcleanfullhttps://www.spreaker.com/episode/nigerian-president-accused-of-silence-over-insecurity--50509472Mr Ndume added that he was really disappointed with the response of so many leaders.
Mr Ndume’s comments comes days after terrorists attacked a prison in Kuje, the Federal Capital Territory.]]>https://api.spreaker.com/episode/50509472Fri, 08 Jul 2022 13:42:41 +0000Africa Business RadioBorno State Senator and a chieftain of the All Progressives Congress, Ali Ndume, says President Muhammadu Buhari should directly address the nation on the matter of insecurity, rather than issuing statements through his media advisers. Mr Ndume...Mr Ndume added that he was really disappointed with the response of so many leaders.
Mr Ndume’s comments comes days after terrorists attacked a prison in Kuje, the Federal Capital Territory.]]>44africa_business_radio,news,nigeria,securitycleanfullhttps://www.spreaker.com/episode/chile-s-lawmaker-propose-draft-of-new-constitution--50485248Boric, a left-wing former protest leader says Chileans have chosen more democracy, not less.
He immediately signed a decree calling for a referendum on September 4, where voting in the deeply polarised country of 19 million people will be obligatory.]]>https://api.spreaker.com/episode/50485248Wed, 06 Jul 2022 16:30:47 +0000Africa Business RadioChile’s new draft constitution has been submitted to President Gabriel Boric, after a year-long process that saw constituent assembly members debate and writes up a document to replace the country’s Pinochet-era Magna Carta. Boric, a left-wing...Boric, a left-wing former protest leader says Chileans have chosen more democracy, not less.
He immediately signed a decree calling for a referendum on September 4, where voting in the deeply polarised country of 19 million people will be obligatory.]]>46africa_business_radio,chile,constitution,democracy,newscleanfullhttps://www.spreaker.com/episode/us-china-talk-trade-supply-chains-as-biden-weighs-tariff-cuts--50485129China’s Ministry of Commerce says the pragmatic and frank talks touched on the macroeconomic situation and the stability of global supply chains.
China also expressed concerns about US tariffs and sanctions against Chinese firms, the ministry said, adding that both sides had agreed to continue the dialogue.]]>https://api.spreaker.com/episode/50485129Wed, 06 Jul 2022 16:25:59 +0000Africa Business RadioUnited States Treasury Secretary Janet Yellen and Chinese Vice Premier Liu discussed economic issues including international trade and supply chains, as the Biden administration considers lowering tariffs on Chinese goods to tame soaring inflation....China’s Ministry of Commerce says the pragmatic and frank talks touched on the macroeconomic situation and the stability of global supply chains.
China also expressed concerns about US tariffs and sanctions against Chinese firms, the ministry said, adding that both sides had agreed to continue the dialogue.]]>50africa_business_radio,china,inflation,international_trade,news,tariff_cut,u.scleanfullhttps://www.spreaker.com/episode/putin-orders-russians-to-fight-on-after-key-ukraine-city-falls--50485100The loss of Lysychansk over the weekend prompted Ukrainian President Volodymyr Zelensky to step up calls for an increased supply of weapons from the West so Kyiv can keep up the resistance and regain lost territories.
Russian Defence Minister Sergei Shoigu told President Vladimir Putin at a meeting that Moscow’s forces were now in full control of the Lugansk region.
Putin told Shoigu that troops stationed there must continue their operations.]]>https://api.spreaker.com/episode/50485100Wed, 06 Jul 2022 16:16:04 +0000Africa Business RadioPresident Vladimir Putin ordered Russian troops to press their offensive deeper into the Donbas region of eastern Ukraine after Moscow’s forces seized the strategic city of Lysychansk. The loss of Lysychansk over the weekend prompted Ukrainian...The loss of Lysychansk over the weekend prompted Ukrainian President Volodymyr Zelensky to step up calls for an increased supply of weapons from the West so Kyiv can keep up the resistance and regain lost territories.
Russian Defence Minister Sergei Shoigu told President Vladimir Putin at a meeting that Moscow’s forces were now in full control of the Lugansk region.
Putin told Shoigu that troops stationed there must continue their operations.]]>55africa_business_radio,news,russia,ukrainecleanfullhttps://www.spreaker.com/episode/uganda-adopts-swahili-as-official-language--50485075The cabinet also recommended that the teaching of Swahili in primary and secondary should be made compulsory.
The Ugandan cabinet says the decision followed a directive by the East African Community bloc to adopt the language to ease communication among member countries]]>https://api.spreaker.com/episode/50485075Wed, 06 Jul 2022 16:13:07 +0000Africa Business RadioUganda's Lawmaker has approved the adoption of Swahili as an official language. The cabinet also recommended that the teaching of Swahili in primary and secondary should be made compulsory. The Ugandan cabinet says the decision followed a...The cabinet also recommended that the teaching of Swahili in primary and secondary should be made compulsory.
The Ugandan cabinet says the decision followed a directive by the East African Community bloc to adopt the language to ease communication among member countries]]>38africa_business_radio,east_africa,news,swahili,ugandacleanfullhttps://www.spreaker.com/episode/ethiopia-and-sudan-leaders-agree-to-solve-border-row--50485036The talks between the two leaders follow the recent flare-up in the volatile fertile border region of al-Fashaga claimed by both countries.
The two leaders held talks on the sidelines of a meeting of the Intergovernmental Authority on Development, a seven-country regional body, in Kenya’s capital, Nairobi.]]>https://api.spreaker.com/episode/50485036Wed, 06 Jul 2022 16:08:37 +0000Africa Business RadioEthiopian Prime Minister Abiy Ahmed and the military leader of neighbouring Sudan Lt Gen Abdel Fattah al-Burhan have agreed to peacefully settle the long-running border dispute that has led to armed clashes. The talks between the two leaders follow...The talks between the two leaders follow the recent flare-up in the volatile fertile border region of al-Fashaga claimed by both countries.
The two leaders held talks on the sidelines of a meeting of the Intergovernmental Authority on Development, a seven-country regional body, in Kenya’s capital, Nairobi.]]>48africa_business_radio,border_row,ethiopia,news,sudancleanfullhttps://www.spreaker.com/episode/sudan-army-hands-over-to-civilian-rule--50484986He says the armed forces would not stand in the way of a democratic transition and were committed to working towards elections.
He says the military will no longer be involved in talks to end the country’s political crisis, with its place in the negotiations taken up by civil society groups.]]>https://api.spreaker.com/episode/50484986Wed, 06 Jul 2022 16:04:53 +0000Africa Business RadioSudan's military leader, General Abdel Fattah al-Burhan, says the army will make way for a civilian government. He says the armed forces would not stand in the way of a democratic transition and were committed to working towards elections. He says...He says the armed forces would not stand in the way of a democratic transition and were committed to working towards elections.
He says the military will no longer be involved in talks to end the country’s political crisis, with its place in the negotiations taken up by civil society groups.]]>48africa,africa_business_radio,civilian_rule,military_rule,news,sudancleanfullhttps://www.spreaker.com/episode/infrastructure-concession-regulatory-commission-to-issue-22bn-ppp-projects-in-2022--50484911The Secretary to the Government of the Federation, Mr Boss Mustapha, says the federal government and African governments must provide an enabling environment for the private sector to support infrastructure development.
He says African governments must also resist pressure to erect trade barriers for intra-African trade to flourish adding that currently, intra-African trade amongst African states is about 10 per cent of total exports – the lowest amongst other regions in the world.]]>https://api.spreaker.com/episode/50484911Wed, 06 Jul 2022 15:58:51 +0000Africa Business RadioThe acting Director-General, Infrastructure Concession Regulatory Commission, Mr Michael Ohiani, says the commission intended to gazette a pipeline of 53 eligible and bankable Public-Private Partnership projects valued at about $22 billion this year....The Secretary to the Government of the Federation, Mr Boss Mustapha, says the federal government and African governments must provide an enabling environment for the private sector to support infrastructure development.
He says African governments must also resist pressure to erect trade barriers for intra-African trade to flourish adding that currently, intra-African trade amongst African states is about 10 per cent of total exports – the lowest amongst other regions in the world.]]>60africa,africa_business_radio,infrastructure,intra_africa_trade,nigeria,trade_barriercleanfullhttps://www.spreaker.com/episode/nigeria-risks-chaos-if-petrol-subsidy-is-removed--50484842Minister of Information and Culture, Mr Lai Mohammed, says that many other nations were introducing measures to help citizens cope with high oil energy prices.
Mohammed says Nigeria could not be an exception despite the daily killings and attacks across the country.]]>https://api.spreaker.com/episode/50484842Wed, 06 Jul 2022 15:46:45 +0000Africa Business RadioThe federal government maintained that removing the petrol subsidy would result in unintended consequences, insisting that this is a most inauspicious time to withdraw the price buffer. Minister of Information and Culture, Mr Lai Mohammed, says that...Minister of Information and Culture, Mr Lai Mohammed, says that many other nations were introducing measures to help citizens cope with high oil energy prices.
Mohammed says Nigeria could not be an exception despite the daily killings and attacks across the country.]]>44africa_business_radio,energy_price,news,nigeria,petrol_subsidycleanfullhttps://www.spreaker.com/episode/nigerian-state-advocates-more-synergy-among-security-agencies--50484804The governor also stressed the importance of a cordial civil-military relationship, especially in the South East which has witnessed a series of attacks by armed men in recent times.
General Yahaya, reiterated the commitment of the Nigerian Army to ensuring that there was peace and stability in the county.
The army chief also thanked the people and government of Imo State for their hospitality as army personnel converge on the state capital from all over the country for the celebration.]]>https://api.spreaker.com/episode/50484804Wed, 06 Jul 2022 15:41:58 +0000Africa Business RadioImo State Governor, Hope Uzodimma, has called for increased collaboration among security agencies to adequately tackle the insecurity in the country. The governor also stressed the importance of a cordial civil-military relationship, especially in...The governor also stressed the importance of a cordial civil-military relationship, especially in the South East which has witnessed a series of attacks by armed men in recent times.
General Yahaya, reiterated the commitment of the Nigerian Army to ensuring that there was peace and stability in the county.
The army chief also thanked the people and government of Imo State for their hospitality as army personnel converge on the state capital from all over the country for the celebration.]]>54africa_business_radio,army_collaboration,insecurity,news,nigeria,securitycleanfullhttps://www.spreaker.com/episode/us-to-give-800m-more-in-military-aid-to-ukraine--50459956Biden says the aid will include an advanced air defence system and artillery support as Ukraine continues to face a Russian offensive in the eastern Donbas region.
The US President also pushed back on the suggestion that in light of an array of domestic issues, including gun violence among others some US allies think Biden has failed to live up to its pledge to reassert Washington’s leadership on the international stage.]]>https://api.spreaker.com/episode/50459956Mon, 04 Jul 2022 14:53:15 +0000Africa Business RadioUnited States President Joe Biden says the US will soon announce a new $800m military aid package to Ukraine, bringing the total since he took office to nearly $7bn. Biden says the aid will include an advanced air defence system and artillery...Biden says the aid will include an advanced air defence system and artillery support as Ukraine continues to face a Russian offensive in the eastern Donbas region.
The US President also pushed back on the suggestion that in light of an array of domestic issues, including gun violence among others some US allies think Biden has failed to live up to its pledge to reassert Washington’s leadership on the international stage.]]>54africa_business_radio,aid_package,defence_system,news,ukraine,u.scleanfullhttps://www.spreaker.com/episode/us-top-court-limits-government-power-to-curb-plant-emissions--50459902The court says that the Clean Air Act does not give the US Environmental Protection Agency broad authority to regulate greenhouse gas emissions from power plants that contribute to global warming.
President Joe Biden has aimed to cut the US’s greenhouse gas emissions in half by the end of the decade and to have an emissions-free power sector by 2035.]]>https://api.spreaker.com/episode/50459902Mon, 04 Jul 2022 14:47:34 +0000Africa Business RadioThe US Supreme Court has limited how the nation’s main anti-air pollution law can be used to reduce planet-warming carbon dioxide emissions from power plants. The court says that the Clean Air Act does not give the US Environmental Protection Agency...The court says that the Clean Air Act does not give the US Environmental Protection Agency broad authority to regulate greenhouse gas emissions from power plants that contribute to global warming.
President Joe Biden has aimed to cut the US’s greenhouse gas emissions in half by the end of the decade and to have an emissions-free power sector by 2035.]]>49africa_business_radio,clean_air_act,gas_emission,global_warming,news,power_plant,u.scleanfullhttps://www.spreaker.com/episode/european-union-resumes-funding-of-palestinian-ngos--50459872The Commission cited the results of a review conducted by the EU’s European Anti-Fraud Office which it said found no suspicions of irregularities and/or fraud” and did not find sufficient ground to open an investigation.
Al-Haq says that the arbitrary suspension imposed on the funding of Al-Haq’s EU-funded project was finally lifted the disgraceful suspension which was unlawful from the start and based on Israeli propaganda and disinformation.]]>https://api.spreaker.com/episode/50459872Mon, 04 Jul 2022 14:42:51 +0000Africa Business RadioThe European Commission informed the Al-Haq and the Palestinian Center for Human Rights that their 13-month-long suspensions were lifted unconditionally and with immediate effect. The Commission cited the results of a review conducted by the EU’s...The Commission cited the results of a review conducted by the EU’s European Anti-Fraud Office which it said found no suspicions of irregularities and/or fraud” and did not find sufficient ground to open an investigation.
Al-Haq says that the arbitrary suspension imposed on the funding of Al-Haq’s EU-funded project was finally lifted the disgraceful suspension which was unlawful from the start and based on Israeli propaganda and disinformation.]]>55africa_business_radio,european_union,human_right,news,ngo,palestinecleanfullhttps://www.spreaker.com/episode/us-blocks-1bn-in-russian-oligarch-s-us-assets--50459871The Treasury Department says that Kerimov, a billionaire active in Russian politics, secretly managed the Delaware-based Heritage Trust which put its money into a number of large public companies.
Treasury Secretary Janet Yellen vowed that the United States would keep taking action even as Russian elites hide behind proxies and complex legal arrangements.]]>https://api.spreaker.com/episode/50459871Mon, 04 Jul 2022 14:40:26 +0000Africa Business RadioThe United States blocked a US-based company worth more than $1 billion linked to Russian oligarch Suleiman Kerimov, saying the ally of President Vladimir Putin used it to funnel and invest shadowy funds. The Treasury Department says that Kerimov, a...The Treasury Department says that Kerimov, a billionaire active in Russian politics, secretly managed the Delaware-based Heritage Trust which put its money into a number of large public companies.
Treasury Secretary Janet Yellen vowed that the United States would keep taking action even as Russian elites hide behind proxies and complex legal arrangements.]]>52africa_business_radio,news,russia,shadowy_fund,u.scleanfullhttps://www.spreaker.com/episode/un-extends-peacekeeping-mission-in-mali-to-june-2023--50459829The council expressed grave concern about the deteriorating political and security situation in the West African nation.
The junta has hired mercenaries from Russia's Wagner Group, which the European Union and human rights groups accused of violating human rights and international humanitarian law]]>https://api.spreaker.com/episode/50459829Mon, 04 Jul 2022 14:37:18 +0000Africa Business RadioThe United Nations Security Council has to maintain the U.N. peacekeeping mission in Mali while condemning the country's military rulers for using mercenaries that have committed human rights violations. The council expressed grave concern about the...The council expressed grave concern about the deteriorating political and security situation in the West African nation.
The junta has hired mercenaries from Russia's Wagner Group, which the European Union and human rights groups accused of violating human rights and international humanitarian law]]>47africa_business_radio,human_right,mali,news,peacekeeping,security_situation,united_nation,west_africacleanfullhttps://www.spreaker.com/episode/zimbabwe-s-civil-servants-reject-salary-increment--50459786The Trae union advised the government to bring to the bargaining table a ZWL offer for obvious reasons.
They added that the non-monetary incentives announced by the minister are old news, except that they are long overdue for implementation.]]>https://api.spreaker.com/episode/50459786Mon, 04 Jul 2022 14:32:41 +0000Africa Business RadioCivil Servants under the Zimbabwe Confederation of Public Sector Trade Unions banner, formerly Apex, have rejected the government's recent cost of living adjustment, calling it a non-event. The Trae union advised the government to bring to the...The Trae union advised the government to bring to the bargaining table a ZWL offer for obvious reasons.
They added that the non-monetary incentives announced by the minister are old news, except that they are long overdue for implementation.]]>43africa,africa_business_radio,news,trade_union,zimbabwecleanfullhttps://www.spreaker.com/episode/namibia-central-bank-and-banco-nacional-de-angola-strengthen-financial-systems--50459739The two central banks decided to cooperate to promote effectively, modernised, and digitally-enabled payment methods between the two countries; improve trade-friendly exchange control regimes and protect the stability and integrity of their respective financial systems.]]>https://api.spreaker.com/episode/50459739Mon, 04 Jul 2022 14:29:10 +0000Africa Business RadioThe Bank of Namibia and Banco Nacional de Angola have agreed to collaborate on various fronts, to further their respective price and financial stability mandates as well as execution of strategies to modernise national financial systems The two...The two central banks decided to cooperate to promote effectively, modernised, and digitally-enabled payment methods between the two countries; improve trade-friendly exchange control regimes and protect the stability and integrity of their respective financial systems.]]>47africa,africa_business_radio,digital_payment,financial_stability,financial_system,namabia,newscleanfullhttps://www.spreaker.com/episode/uk-signs-deal-with-nigeria-to-curb-illegal-migration--50459680Home Secretary Priti Patel says the landmark agreement with Nigeria will increase the deportation of dangerous foreign criminals.
The European Court of Human Rights cancelled the first flight due to take asylum seekers from the UK to Rwanda.
The government says the scheme would discourage others from crossing the English Channel.]]>https://api.spreaker.com/episode/50459680Mon, 04 Jul 2022 14:23:08 +0000Africa Business RadioThe UK has announced a deal with Nigeria to tackle illegal migration. Home Secretary Priti Patel says the landmark agreement with Nigeria will increase the deportation of dangerous foreign criminals. The European Court of Human Rights cancelled...Home Secretary Priti Patel says the landmark agreement with Nigeria will increase the deportation of dangerous foreign criminals.
The European Court of Human Rights cancelled the first flight due to take asylum seekers from the UK to Rwanda.
The government says the scheme would discourage others from crossing the English Channel.]]>41africa,africa_business_radio,asylum_seeker,illegal_migration,news,nigeria,rwanda,u.kcleanfullhttps://www.spreaker.com/episode/nigeria-signs-agreement-with-portugal-to-foster-new-diplomatic-relations--50459642President Muhammadu Buhari says that in spite of the existing cordial relations between the two countries, there was a need for greater collaboration.
President Buhari declared that as many as ten agreements and Memoranda of Understanding are being prepared for signing during his State visit to the European country.]]>https://api.spreaker.com/episode/50459642Mon, 04 Jul 2022 14:19:26 +0000Africa Business RadioNigeria and Portugal have expressed determination to take relations to a whole new level with concrete deliverables, emphasizing the need for stronger ties 46 years after the establishment of diplomatic relations. President Muhammadu Buhari says...President Muhammadu Buhari says that in spite of the existing cordial relations between the two countries, there was a need for greater collaboration.
President Buhari declared that as many as ten agreements and Memoranda of Understanding are being prepared for signing during his State visit to the European country.]]>48africa_business_radio,diplomatic_agreement,news,nigeria,portugalcleanfullhttps://www.spreaker.com/episode/former-nigerian-lawmaker-appears-before-uk-court-over-organ-harvesting-charges--50459419The prosecutor claims that David Ukpo, who alleged that he was coerced to donate his kidney to the Senator’s daughter, is 15 years.
Ekweremadu was remanded in custody as the court argued that he is an influential person, a flight risk and the case involves a child and modern slavery.
Senate President Ahmad Lawan explained that members of the Senate Committee on Foreign Affairs will be travelling to the UK soon.]]>https://api.spreaker.com/episode/50459419Mon, 04 Jul 2022 14:11:17 +0000Africa Business RadioThe former Deputy Senate President Ike Ekweremadu appeared before Uxbridge Magistrate’s Court in London, facing charges under Britain’s Modern Slavery Act. The prosecutor claims that David Ukpo, who alleged that he was coerced to donate his kidney...The prosecutor claims that David Ukpo, who alleged that he was coerced to donate his kidney to the Senator’s daughter, is 15 years.
Ekweremadu was remanded in custody as the court argued that he is an influential person, a flight risk and the case involves a child and modern slavery.
Senate President Ahmad Lawan explained that members of the Senate Committee on Foreign Affairs will be travelling to the UK soon.]]>51africa_business_radio,child_trafficking,crime,human_right,news,nigeria,organ_harvesting,slavery_act,u.kcleanfullhttps://www.spreaker.com/episode/uk-pledges-an-extra-1bn-in-military-support--50433420The new funding takes the military aid given to Kyiv to £2.3bn - and the UK has also spent £1.5bn in humanitarian and economic support for Ukraine.
Boris Johnson says British spending was transforming Ukraine's defences.
The UK governmnet says the new £1bn is set to come from departmental underspends plus £95 million from the Welsh and Scottish governments' budgets.]]>https://api.spreaker.com/episode/50433420Fri, 01 Jul 2022 11:46:19 +0000Africa Business RadioThe UK will provide an additional £1bn in military aid for Ukraine, a near-doubling in its support for the fight against the Russian invasion. The new funding takes the military aid given to Kyiv to £2.3bn - and the UK has also spent £1.5bn in...The new funding takes the military aid given to Kyiv to £2.3bn - and the UK has also spent £1.5bn in humanitarian and economic support for Ukraine.
Boris Johnson says British spending was transforming Ukraine's defences.
The UK governmnet says the new £1bn is set to come from departmental underspends plus £95 million from the Welsh and Scottish governments' budgets.]]>71africa_business_radio,economic_support,government_budget,news,russia,uk,ukrainecleanfullhttps://www.spreaker.com/episode/russia-focused-on-invading-most-of-ukraine--50433363Director of National Intelligence Avril Haines says It means the war could last for a long time.
The US's top intelligence officer Ms Haines says Putin still has the same goals as the ones he held at the start of the conflict to take most of Ukraine.
She says Russia is unlikely to achieve that goal any time soon.]]>https://api.spreaker.com/episode/50433363Fri, 01 Jul 2022 11:40:44 +0000Africa Business RadioUS intelligence agencies believe that Russian President Vladimir Putin still wants to capture most of Ukraine Director of National Intelligence Avril Haines says It means the war could last for a long time. The US's top intelligence officer Ms...Director of National Intelligence Avril Haines says It means the war could last for a long time.
The US's top intelligence officer Ms Haines says Putin still has the same goals as the ones he held at the start of the conflict to take most of Ukraine.
She says Russia is unlikely to achieve that goal any time soon.]]>59africa_business_radio,news,russia,ukrainecleanfullhttps://www.spreaker.com/episode/ethiopia-urged-to-free-tigrayans-in-prison-camps--50433315The Ethiopian Human Rights Commission described their detention as illegal.
It says around 9,000 Tigrayans have been held there since December last year. They were from areas bordering Tigray where there has been a civil war.
The Addis Ababa government says the detainees were being held for their own safety and also to allow screening to find criminals including people linked to the fighting.]]>https://api.spreaker.com/episode/50433315Fri, 01 Jul 2022 11:31:19 +0000Africa Business RadioThe Ethiopian government-appointed human rights watchdog has called for the immediate release of thousands of Tigrayans who are being held in two detention camps in the north-eastern region of Afar. The Ethiopian Human Rights Commission described...The Ethiopian Human Rights Commission described their detention as illegal.
It says around 9,000 Tigrayans have been held there since December last year. They were from areas bordering Tigray where there has been a civil war.
The Addis Ababa government says the detainees were being held for their own safety and also to allow screening to find criminals including people linked to the fighting.]]>64addis_ababa,africa_business_radio,civil_war,ethiopia,human_right,news,tigraycleanfullhttps://www.spreaker.com/episode/sudanese-protesters-killed-in-anti-military-protest--50433279The Central Council of Sudanese Doctors says a martyr, who was not identified, has died after he was shot in the chest by the forces of darkness.
The doctors say that the security forces used excessive force, thinking they could silence the growing revolution.
The CCSD says this brings the death toll to 103 as a result of the crackdown against the pro-democracy demonstrations prompted by the last October's military coup.]]>https://api.spreaker.com/episode/50433279Fri, 01 Jul 2022 11:27:40 +0000Africa Business RadioA Sudanese doctors' union says a protester was killed during anti-military demonstrations in Khartoum Bahri after security forces used excessive force. The Central Council of Sudanese Doctors says a martyr, who was not identified, has died after he...The Central Council of Sudanese Doctors says a martyr, who was not identified, has died after he was shot in the chest by the forces of darkness.
The doctors say that the security forces used excessive force, thinking they could silence the growing revolution.
The CCSD says this brings the death toll to 103 as a result of the crackdown against the pro-democracy demonstrations prompted by the last October's military coup.]]>60africa_business_radio,anti_military_protest,news,security_forces,sudancleanfullhttps://www.spreaker.com/episode/nigerian-lawmaker-rejects-water-resource-bill--50433218The leadership, however, assured the lawmakers that the new version of the legislation would capture all the interests of the states.
Chairman of the House Committee on Water Resources, Sada Soli, says the Minister of Justice and Attorney-General of the Federation, Abubakar Malami, as well as commissioners for justice and attorneys-general of the 36 states of the federation, had been consulted and the opinions received would be attached to the bill and distributed to all members.]]>https://api.spreaker.com/episode/50433218Fri, 01 Jul 2022 11:21:33 +0000Africa Business RadioThe controversial National Water Resources Bill, 2020, re-emerged on the floor of the House of Representatives amidst suspicions from members. The leadership, however, assured the lawmakers that the new version of the legislation would capture all...The leadership, however, assured the lawmakers that the new version of the legislation would capture all the interests of the states.
Chairman of the House Committee on Water Resources, Sada Soli, says the Minister of Justice and Attorney-General of the Federation, Abubakar Malami, as well as commissioners for justice and attorneys-general of the 36 states of the federation, had been consulted and the opinions received would be attached to the bill and distributed to all members.]]>55africa_business_radio,lawmakers,news,nigeria,water_resource_billcleanfullhttps://www.spreaker.com/episode/nigeria-signs-2-7m-deal-with-japan-to-boost-deep-blue-project--50433199The Assistant Director, Public Relations of the Nigerian Maritime Administration and Safety Agency, Osagie Edward, explained that the agreement involved the acquisition of high-speed boats to reinforce services for coastal security in Nigeria, with NIMASA as the implementing partner.
The Director-General of NIMASA Dr Bashir Jamoh assured the Japanese government that the agency, working with relevant stakeholders, would ensure the sustainability of the recent success in the war against piracy in Nigerian waters and the Gulf of Guinea.]]>https://api.spreaker.com/episode/50433199Fri, 01 Jul 2022 11:15:50 +0000Africa Business RadioThe Federal Government has signed a $2.78m exchange of note agreement with the Japanese government for an economic and social development programme. The Assistant Director, Public Relations of the Nigerian Maritime Administration and Safety Agency,...The Assistant Director, Public Relations of the Nigerian Maritime Administration and Safety Agency, Osagie Edward, explained that the agreement involved the acquisition of high-speed boats to reinforce services for coastal security in Nigeria, with NIMASA as the implementing partner.
The Director-General of NIMASA Dr Bashir Jamoh assured the Japanese government that the agency, working with relevant stakeholders, would ensure the sustainability of the recent success in the war against piracy in Nigerian waters and the Gulf of Guinea.]]>82africa_business_radio,deep_blue_project,japan,maritime,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-lawmakers-approve-special-bank-for-entrepreneurs--50433169The consolidated bill was jointly sponsored by Mr Benjamin Kalu and Olalekan Afolabi
Kalu says the proposed bank would be charged with the responsibility, among other things, of providing medium and long-term finance for indigenous small businesses.
He added that the bill, which July 18, 2019, focuses on Nigerian youths and contemplated providing improved access to finance for youth entrepreneurs in innovation, manufacturing, agriculture and trade.]]>https://api.spreaker.com/episode/50433169Fri, 01 Jul 2022 11:10:41 +0000Africa Business RadioThe House of Representatives has passed for second reading, a bill seeking to establish an Entrepreneurship Development Bank of Nigeria, with the aim of providing soft loans for small and medium-scale enterprises in the country. The consolidated...The consolidated bill was jointly sponsored by Mr Benjamin Kalu and Olalekan Afolabi
Kalu says the proposed bank would be charged with the responsibility, among other things, of providing medium and long-term finance for indigenous small businesses.
He added that the bill, which July 18, 2019, focuses on Nigerian youths and contemplated providing improved access to finance for youth entrepreneurs in innovation, manufacturing, agriculture and trade.]]>82africa_business_radio,entreprenuer,news,nigeria,small_business,soft_loan,special_bankcleanfullhttps://www.spreaker.com/episode/nigerian-state-partner-private-sector-on-affordable-housing--50433080The governor says his administration, in partnership with the private sector, has delivered more than 3,526 housing units across the state since 2019.
The Managing Director, LBIC, Oluwatobiloba Lawal, says the inauguration of the Greater Lagos LBIC apartments is a testament to the Governor’s commitment to the provision of affordable shelter that could stimulate the economic growth of the state hence, the THEMES agenda is working.]]>https://api.spreaker.com/episode/50433080Fri, 01 Jul 2022 11:03:29 +0000Africa Business RadioThe Lagos State Governor, Mr Babajide Sanwo-Olu, has reiterated the need for the government to partner with the private sector to ensure that residents have access to affordable accommodation. The governor says his administration, in partnership...The governor says his administration, in partnership with the private sector, has delivered more than 3,526 housing units across the state since 2019.
The Managing Director, LBIC, Oluwatobiloba Lawal, says the inauguration of the Greater Lagos LBIC apartments is a testament to the Governor’s commitment to the provision of affordable shelter that could stimulate the economic growth of the state hence, the THEMES agenda is working.]]>66accommodation,africa_business_radio,lagos_state,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigeria-s-accounts-allocation-declines-by-30--50433065The decrease in allocation to these levels of government reveals the fiscal challenges facing various levels of government in Africa’s biggest economy.
The Federal Government has raised its budgetary allocation of N443 billion for gasoline subsidy to N4 trillion and has received approval from the National Assembly.]]>https://api.spreaker.com/episode/50433065Fri, 01 Jul 2022 10:53:00 +0000Africa Business RadioRevenue allocation to federal, state and local governments has declined from a peak of N970.57bn in July 2021 to N680.783bn in May 2022, representing a 30 per cent reduction over the period. The decrease in allocation to these levels of government...The decrease in allocation to these levels of government reveals the fiscal challenges facing various levels of government in Africa’s biggest economy.
The Federal Government has raised its budgetary allocation of N443 billion for gasoline subsidy to N4 trillion and has received approval from the National Assembly.]]>75africa_business_radio,budget_allocation,news,nigeria,revenue_allocationcleanfullhttps://www.spreaker.com/episode/nigerian-government-targets-n3-8tn-n160bn-in-non-oil-oil-revenues--50433014The Finance, Budget and National Planning, Zainab Ahmed, says the revenue mobilization reforms, will be accelerated and be derivative of the federal government’s strategic revenue growth initiative.
She added that the significant progress that has been made in this initiative includes the raising of the VAT from 5 per cent to 7 per cent and other measures since 2019.]]>https://api.spreaker.com/episode/50433014Fri, 01 Jul 2022 10:49:17 +0000Africa Business RadioThe Federal Government approved a new revenue boost scheme aiming to annually generate N3.8tn and N160bn from non-oil and oil ventures respectively. The Finance, Budget and National Planning, Zainab Ahmed, says the revenue mobilization reforms, will...The Finance, Budget and National Planning, Zainab Ahmed, says the revenue mobilization reforms, will be accelerated and be derivative of the federal government’s strategic revenue growth initiative.
She added that the significant progress that has been made in this initiative includes the raising of the VAT from 5 per cent to 7 per cent and other measures since 2019.]]>72africa_business_radio,budget_planning,news,nigeria,oil_revenue,revenue_mobilzation,vatcleanfullhttps://www.spreaker.com/episode/russia-blames-western-financial-agents-for-debt-default--50404440The White House says that Russia had defaulted on its international bonds for the first time since the Bolshevik revolution, as sweeping sanctions amid Moscow’s war on Ukraine have effectively cut the country off from the global financial system.
Kremlin spokesperson Dmitry Peskov says the fact that Euroclear withheld this money and did not bring it to the recipients is not their problem.]]>https://api.spreaker.com/episode/50404440Wed, 29 Jun 2022 13:18:24 +0000Africa Business RadioRussia has rejected claims that it has defaulted on its external debt for the first time in more than a century, telling investors to go to Western financial agents for the cash that Moscow claims were sent but bondholders did not receive. The White...The White House says that Russia had defaulted on its international bonds for the first time since the Bolshevik revolution, as sweeping sanctions amid Moscow’s war on Ukraine have effectively cut the country off from the global financial system.
Kremlin spokesperson Dmitry Peskov says the fact that Euroclear withheld this money and did not bring it to the recipients is not their problem.]]>54africa_business_radio,bondholders,debt_default,financial_system,news,russiacleanfullhttps://www.spreaker.com/episode/ecuador-to-cut-fuel-prices--50404379The country’s energy ministry warned that oil production had reached a critical level and could be halted entirely within 48 hours if the protests and roadblocks continued.
The ministry says the seizure of oil wells and road closures have prevented the transport of equipment and diesel needed to keep operations going.]]>https://api.spreaker.com/episode/50404379Wed, 29 Jun 2022 13:13:18 +0000Africa Business RadioPresident Guillermo Lasso announced that Ecuador will cut fuel prices, which had sparked weeks of demonstrations, though not by as much as protesters have demanded. The country’s energy ministry warned that oil production had reached a critical...The country’s energy ministry warned that oil production had reached a critical level and could be halted entirely within 48 hours if the protests and roadblocks continued.
The ministry says the seizure of oil wells and road closures have prevented the transport of equipment and diesel needed to keep operations going.]]>45africa_business_radio,ecuador,fuel_prices,news,oil_production,russia,ukrainecleanfullhttps://www.spreaker.com/episode/japan-government-to-reduce-energy-consumption--50404319The Japan Meteorological Agency says temperatures of 35 degrees Celsius (95 degrees Fahrenheit were forecast in Tokyo throughout Monday, and the mercury is not expected to drop below 34 until Sunday.
Yoshihiko Isozaki, deputy chief cabinet secretary, asked the public to reduce energy consumption during the early evening hours when the reserve ratio falls.]]>https://api.spreaker.com/episode/50404319Wed, 29 Jun 2022 13:03:22 +0000Africa Business RadioJapan’s government warned of a power crunch as extreme heat hits the country, with temperature records toppling and Tokyo’s rainy season declared over at the earliest date on record. The Japan Meteorological Agency says temperatures of 35 degrees...The Japan Meteorological Agency says temperatures of 35 degrees Celsius (95 degrees Fahrenheit were forecast in Tokyo throughout Monday, and the mercury is not expected to drop below 34 until Sunday.
Yoshihiko Isozaki, deputy chief cabinet secretary, asked the public to reduce energy consumption during the early evening hours when the reserve ratio falls.]]>53africa_business_radio,energy_consumption,japan,news,power_generationcleanfullhttps://www.spreaker.com/episode/african-fund-pledges-3bn-for-vaccine-self-sufficiency--50404262The plan includes a new pharmaceutical centre for research, development and manufacturing based in Rwanda's capital, Kigali.
AfDB says it will also help patent and license African-made medicines, and support governments to navigate the intellectual property rights to global vaccines and medicines.
AfDB says Africa currently imports more than 70% of all its medicines, spending about $14bn every year.]]>https://api.spreaker.com/episode/50404262Wed, 29 Jun 2022 12:57:30 +0000Africa Business RadioThe Africa Development Bank has pledged that $3bn will be invested over the next 10 years to end vaccine dependency across the continent. The plan includes a new pharmaceutical centre for research, development and manufacturing based in Rwanda's...The plan includes a new pharmaceutical centre for research, development and manufacturing based in Rwanda's capital, Kigali.
AfDB says it will also help patent and license African-made medicines, and support governments to navigate the intellectual property rights to global vaccines and medicines.
AfDB says Africa currently imports more than 70% of all its medicines, spending about $14bn every year.]]>52africa_business_radio,africa_development_bank,global_vaccine,news,vaccinecleanfullhttps://www.spreaker.com/episode/ethiopia-sets-up-team-for-tigray-peace-talks--50404235It is to be chaired by the country's deputy prime minister and foreign minister, Demeke Mekonen.
Ethiopia's Justice Minister Gediwon Timothios says the governing party would only agree to the African Union leading the peace process.]]>https://api.spreaker.com/episode/50404235Wed, 29 Jun 2022 12:50:55 +0000Africa Business RadioThe Ethiopian government says it has set up a seven-member committee to hold peace talks with Tigrayan forces in a bid to end the 19-month civil war. It is to be chaired by the country's deputy prime minister and foreign minister, Demeke Mekonen....It is to be chaired by the country's deputy prime minister and foreign minister, Demeke Mekonen.
Ethiopia's Justice Minister Gediwon Timothios says the governing party would only agree to the African Union leading the peace process.]]>52africa,africa_business_radio,african_union,ethiopia,news,peace_talk,tigraycleanfullhttps://www.spreaker.com/episode/ivory-coast-to-spend-430m-in-anti-jihadism-campaign--50404176Youth Minister Mamadou Toure says as part of the fight against vulnerability in northern areas, particularly the six regions bordering Burkina Faso and Mali, the government has launched an ambitious programme of integration and infrastructure for education and health.
Toure says along with the military response, they want to develop an ambitious social programme to give young people prospects to prevent them from becoming easy targets for jihadist movements.]]>https://api.spreaker.com/episode/50404176Wed, 29 Jun 2022 12:42:14 +0000Africa Business RadioIvory Coast says it would spend around $430 million in a three-year campaign to support young people in border regions at risk from Sahel jihadists. Youth Minister Mamadou Toure says as part of the fight against vulnerability in northern areas,...Youth Minister Mamadou Toure says as part of the fight against vulnerability in northern areas, particularly the six regions bordering Burkina Faso and Mali, the government has launched an ambitious programme of integration and infrastructure for education and health.
Toure says along with the military response, they want to develop an ambitious social programme to give young people prospects to prevent them from becoming easy targets for jihadist movements.]]>54africa,africa_business_radio,burkina_faso,ivory_coast,mali,news,sahel_jihadistscleanfullhttps://www.spreaker.com/episode/nigerian-government-probes-organ-donor-s-data-privacy-breach--50404118The Nigeria Data Protection Bureau, says it was investigating the breach of the data privacy of Sonia Ekweremadu, the daughter of the Ekweremadus.
The National Commissioner and Chief Executive Officer, Nigeria Data Protection Bureau, Dr Vincent Olatunji, has ordered an investigation into the use and public circulation of the personal data allegedly belonging to Nwamini David and Sonia Ekweremadu in the ongoing case of organ transplant pending before a British Court.]]>https://api.spreaker.com/episode/50404118Wed, 29 Jun 2022 12:37:20 +0000Africa Business RadioThe Federal Government is investigating the breach of the data privacy of David Nwamina, a young Nigerian at the centre of an allegation of organ harvest against a former Deputy Senate President, Ike Ekweremadu. The Nigeria Data Protection Bureau,...The Nigeria Data Protection Bureau, says it was investigating the breach of the data privacy of Sonia Ekweremadu, the daughter of the Ekweremadus.
The National Commissioner and Chief Executive Officer, Nigeria Data Protection Bureau, Dr Vincent Olatunji, has ordered an investigation into the use and public circulation of the personal data allegedly belonging to Nwamini David and Sonia Ekweremadu in the ongoing case of organ transplant pending before a British Court.]]>60africa_business_radio,data_privacy,data_protection,human_trafficking,news,nigeriacleanfullhttps://www.spreaker.com/episode/gun-acquisition-directive-to-complement-security-forces--50404035The governor explained that the committees were being inaugurated to ensure proper implementation of the security measures being taken to tackle the upsurge of banditry in the State.
The governor reiterated that his administration will continue to explore strategies to crush the security challenges and the sufferings endured by the citizens at the hands of the terrorists.]]>https://api.spreaker.com/episode/50404035Wed, 29 Jun 2022 12:32:37 +0000Africa Business RadioZamfara State Governor Bello Matawalle has clarified that his directive urging people to acquire firearms is for them to complement the efforts of security forces in the ongoing war against insurgency. The governor explained that the committees...The governor explained that the committees were being inaugurated to ensure proper implementation of the security measures being taken to tackle the upsurge of banditry in the State.
The governor reiterated that his administration will continue to explore strategies to crush the security challenges and the sufferings endured by the citizens at the hands of the terrorists.]]>51africa_business_radio,gun_acquisition,insurgency,news,nigeria,self_defencecleanfullhttps://www.spreaker.com/episode/nigeria-s-fx-policy-targeted-at-preserving-naira-value--50403995The CBN governor says the thrust of exchange rate management by the bank was to allow the market system to determine the exchange rate parity in an efficient manner devoid of the activities of speculators and rent-seekers.
He pointed out that the bank’s choice of exchange rate regime had at all times been determined by the prevailing economic fundamentals, adding that it was not uncommon that the dynamics of the external and domestic economy lead to a change in regime.]]>https://api.spreaker.com/episode/50403995Wed, 29 Jun 2022 12:27:13 +0000Africa Business RadioEmefiele stressed that the central bank’s foreign exchange regime further seeks to ensure external balance without compromising the need for internal balance and the overall goal of macroeconomic stability. The CBN governor says the thrust of...The CBN governor says the thrust of exchange rate management by the bank was to allow the market system to determine the exchange rate parity in an efficient manner devoid of the activities of speculators and rent-seekers.
He pointed out that the bank’s choice of exchange rate regime had at all times been determined by the prevailing economic fundamentals, adding that it was not uncommon that the dynamics of the external and domestic economy lead to a change in regime.]]>57africa_business_radio,central_bank,economic_growth,foreign_exchange,naira_value,newscleanfullhttps://www.spreaker.com/episode/nigerian-government-urged-to-accept-call-for-self-defence--50403814Governor Oluwarotimi Akeredolu says the call by the Zamfara State government for citizens to arm themselves has shown the loss of confidence in the current security arrangement in the country.
He accused the Federal Government of denying exigent regional security outfits the right to bear firearms, saying the security agencies in the country were overwhelmed and distracted.]]>https://api.spreaker.com/episode/50403814Wed, 29 Jun 2022 12:23:27 +0000Africa Business RadioThe Ondo State government says the call for self-defence by the Zamfara State government has again emphasised the importance of establishing state police to adequately tackle the insecurity bedevilling various parts of the country. Governor...Governor Oluwarotimi Akeredolu says the call by the Zamfara State government for citizens to arm themselves has shown the loss of confidence in the current security arrangement in the country.
He accused the Federal Government of denying exigent regional security outfits the right to bear firearms, saying the security agencies in the country were overwhelmed and distracted.]]>53africa_business_radio,gun_control,insecurity,news,nigeria,self_defence,state_policecleanfullhttps://www.spreaker.com/episode/european-union-grants-candidate-status-to-ukraine--50379025Ukraine’s President Volodymyr Zelensky hailed the EU decision on his country and Moldova as a unique and historic moment, although the two former Soviet republics face a long path before joining the bloc and its benefits of free movement and a common market.
French President Emmanuel Macron says that the decision by EU leaders sent a very strong signal to Russia that Europeans support the pro-Western aspirations of Ukraine.]]>https://api.spreaker.com/episode/50379025Mon, 27 Jun 2022 14:08:46 +0000Africa Business RadioEuropean Union leaders granted candidate status to Ukraine and Moldova in a strong show of support against Russia’s invasion, as the United States said it was sending Kyiv more high-precision rocket systems. Ukraine’s President Volodymyr Zelensky...Ukraine’s President Volodymyr Zelensky hailed the EU decision on his country and Moldova as a unique and historic moment, although the two former Soviet republics face a long path before joining the bloc and its benefits of free movement and a common market.
French President Emmanuel Macron says that the decision by EU leaders sent a very strong signal to Russia that Europeans support the pro-Western aspirations of Ukraine.]]>56africa_business_radio,european_union,kyiv,news,ukrainecleanfullhttps://www.spreaker.com/episode/france-seeks-full-gas-reserves-as-russia-cuts-supplies--50378998Prime Minister Elisabeth Borne says they are ensuring the complete filling of our storage capacities, aiming to be close to 100 per cent by early autumn.
She added that France will also build a new floating terminal to receive more gas supplies by ship.]]>https://api.spreaker.com/episode/50378998Mon, 27 Jun 2022 14:06:16 +0000Africa Business RadioThe French government says it aims to have its natural gas reserves at full capacity by autumn as European countries brace for supply cuts from major supplier Russia with the Ukraine war dragging on. Prime Minister Elisabeth Borne says they are...Prime Minister Elisabeth Borne says they are ensuring the complete filling of our storage capacities, aiming to be close to 100 per cent by early autumn.
She added that France will also build a new floating terminal to receive more gas supplies by ship.]]>45africa_business_radio,france,gas_reserve,gas_supply,news,russiacleanfullhttps://www.spreaker.com/episode/china-s-xi-denounces-abuse-of-sanctions--50378952Xi says nations need to reject the Cold War mentality and bloc confrontation, oppose unilateral sanctions and abuse of sanctions, and reject the small circles built around hegemonism by forming one big family belonging to a community with a shared future for humanity.]]>https://api.spreaker.com/episode/50378952Mon, 27 Jun 2022 14:03:00 +0000Africa Business RadioChinese President Xi Jinping says the world should oppose unilateral sanctions and efforts by some countries to maintain their political and military power – a veiled shot at the United States and its allies over opposition to the war in Ukraine. Xi...Xi says nations need to reject the Cold War mentality and bloc confrontation, oppose unilateral sanctions and abuse of sanctions, and reject the small circles built around hegemonism by forming one big family belonging to a community with a shared future for humanity.]]>50africa_business_radio,bloc_confrontation,china,news,unilateral_sanction,u.s,world_powercleanfullhttps://www.spreaker.com/episode/us-senate-passes-bipartisan-gun-safety-bill--50378924The Senate bill, approved in a 65-33 vote, is the first significant gun control legislation to pass in three decades, in a country with the highest gun ownership per capita in the world and the highest number of mass shootings annually among wealthy nations.
Some 15 Republicans joined all 50 Democrats in voting for the bill.]]>https://api.spreaker.com/episode/50378924Mon, 27 Jun 2022 13:58:16 +0000Africa Business RadioThe United States Senate has approved a bipartisan package of modest gun safety measures as the country’s Supreme Court broadly expanded gun rights by ruling that Americans have a constitutional right to carry handguns in public for self-defence....The Senate bill, approved in a 65-33 vote, is the first significant gun control legislation to pass in three decades, in a country with the highest gun ownership per capita in the world and the highest number of mass shootings annually among wealthy nations.
Some 15 Republicans joined all 50 Democrats in voting for the bill.]]>53africa_business_radio,democrat,gun_control,gun_safety,mass_shooting,news,republican,senate_bill,u.scleanfullhttps://www.spreaker.com/episode/g7-launches-600bn-infrastructure-plan-to-counter-china--50378870US President Joe Biden says developing countries often lack the essential infrastructure to help navigate global shocks, like a pandemic, so they feel the impacts more acutely and they have a harder time recovering.
He says the United States would mobilise $200bn in grants, federal funds and private investment over five years to support projects in low- and middle-income countries that help tackle climate change as well as improve global health, gender equity and digital infrastructure.]]>https://api.spreaker.com/episode/50378870Mon, 27 Jun 2022 13:52:19 +0000Africa Business RadioThe leaders of the Group of Seven nations have pledged to raise $600bn in private and public funds over five years to finance infrastructure in developing countries and counter China’s older, multitrillion-dollar Belt and Road project. US President...US President Joe Biden says developing countries often lack the essential infrastructure to help navigate global shocks, like a pandemic, so they feel the impacts more acutely and they have a harder time recovering.
He says the United States would mobilise $200bn in grants, federal funds and private investment over five years to support projects in low- and middle-income countries that help tackle climate change as well as improve global health, gender equity and digital infrastructure.]]>61africa_business_radio,china,digital_infrastructure,federal_funds,g7,infrastructure_plan,newscleanfullhttps://www.spreaker.com/episode/tunisian-trade-union-chief-rejects-imf-proposals--50378817The head of the UGTT - Noureddine Taboubi - says the union supported reforms, but not what he called the painful options demanded by the IMF.
An IMF official says the organisation was ready to start formal talks on a financial bailout.]]>https://api.spreaker.com/episode/50378817Mon, 27 Jun 2022 13:43:44 +0000Africa Business RadioA powerful trade union in Tunisia has rejected conditions set by the International Monetary Fund for a loan to help tackle the country's economic crisis. The head of the UGTT - Noureddine Taboubi - says the union supported reforms, but not what he...The head of the UGTT - Noureddine Taboubi - says the union supported reforms, but not what he called the painful options demanded by the IMF.
An IMF official says the organisation was ready to start formal talks on a financial bailout.]]>44africa,africa_business_radio,economic_crisis,imf,news,trade_union,tunisiacleanfullhttps://www.spreaker.com/episode/tigray-calls-for-return-of-phone-and-banking-services--50378794The statement from Tigrayan forces comes after the recent visit to Tigray by the EU’s commissioner for crisis management and humanitarian aid, Janez Lenarčič.
He called for the urgent scaling up of humanitarian assistance and the restoration of basic services.
Tigrayan forces say they appreciated the EU’s position that aid was not reducible to the number of trucks reaching Tigray on any given day.]]>https://api.spreaker.com/episode/50378794Mon, 27 Jun 2022 13:39:16 +0000Africa Business RadioTigrayan forces in northern Ethiopia have called on the European Union to put pressure on the government in Addis Ababa to ensure the resumption of basic services in the embattled region. The statement from Tigrayan forces comes after the recent...The statement from Tigrayan forces comes after the recent visit to Tigray by the EU’s commissioner for crisis management and humanitarian aid, Janez Lenarčič.
He called for the urgent scaling up of humanitarian assistance and the restoration of basic services.
Tigrayan forces say they appreciated the EU’s position that aid was not reducible to the number of trucks reaching Tigray on any given day.]]>52africa,africa_business_radio,basic_service,european_union,news,tigraycleanfullhttps://www.spreaker.com/episode/nigeria-government-renounce-unnecessary-religious-stress--50378617The president, however, laid the blame on the doorsteps of evil doers, saying wicked people were behind the dastardly acts.
He called on all Nigerians – Christian and Muslim – to unite in prayer against the coward perpetrators of the evil acts.
The president observed seeing the crowd of Nigerians voluntarily rushing to donate blood after the attack, thronging the local hospitals, even in the midst of mourning.]]>https://api.spreaker.com/episode/50378617Mon, 27 Jun 2022 13:35:06 +0000Africa Business RadioPresident Muhammadu Buhari reacted to recent incidents of attacks on churches in Ondo and Kaduna States and vowed never to let anyone put the nation under unnecessary religious stress. The president, however, laid the blame on the doorsteps of evil...The president, however, laid the blame on the doorsteps of evil doers, saying wicked people were behind the dastardly acts.
He called on all Nigerians – Christian and Muslim – to unite in prayer against the coward perpetrators of the evil acts.
The president observed seeing the crowd of Nigerians voluntarily rushing to donate blood after the attack, thronging the local hospitals, even in the midst of mourning.]]>53africa_business_radio,insecurity,insurgency,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-private-sector-urged-to-reinvest-profits-to-boost-jobs--50378538The president says the private sector remained key to addressing the challenges of unemployment in the country.
Buhari pointed out that the theme for the summit was particularly apt given the challenges faced by the country in terms of job creation and empowerment, especially for the surging youth population.
He says the quest for national development and growth remained a national issue that needs utmost attention and input from all relevant stakeholders.]]>https://api.spreaker.com/episode/50378538Mon, 27 Jun 2022 13:19:19 +0000Africa Business RadioPresident Muhammadu Buhari has urged the private sector to plough back profits in order to boost job creation in the country. The president says the private sector remained key to addressing the challenges of unemployment in the country. Buhari...The president says the private sector remained key to addressing the challenges of unemployment in the country.
Buhari pointed out that the theme for the summit was particularly apt given the challenges faced by the country in terms of job creation and empowerment, especially for the surging youth population.
He says the quest for national development and growth remained a national issue that needs utmost attention and input from all relevant stakeholders.]]>53africa_business_radio,job_creation,national_development,news,nigeria,youth_empowermentcleanfullhttps://www.spreaker.com/episode/nigerian-state-to-arm-residents-against-kidnap-gangs--50378360Matawalle ordered the Commissioner of Police in the state to issue licences to residents willing and fit to bear arms, to protect themselves against the armed criminals.
The governor approved the immediate closure of all markets and some filling stations, and banned the use of motorcycles in Mada, Wonaka and Ruwan Bore districts as well as Yandoto emirate in Gusau and Tsafe local government areas of the state, respectively.]]>https://api.spreaker.com/episode/50378360Mon, 27 Jun 2022 13:02:11 +0000Africa Business RadioZamfara State Governor, Mohammed Matawalle, has resorted to self-help, directing residents of the state, particularly farmers, to acquire guns to defend themselves against marauding terrorists/bandits. Matawalle ordered the Commissioner of Police in...Matawalle ordered the Commissioner of Police in the state to issue licences to residents willing and fit to bear arms, to protect themselves against the armed criminals.
The governor approved the immediate closure of all markets and some filling stations, and banned the use of motorcycles in Mada, Wonaka and Ruwan Bore districts as well as Yandoto emirate in Gusau and Tsafe local government areas of the state, respectively.]]>55africa_business_radio,insurgency,news,nigeria,self_defence,terroristcleanfullhttps://www.spreaker.com/episode/new-tesla-factories-losing-billions-of-dollars--50319409The multi-billionaire also called the plants in Berlin and Austin, Texas gigantic money furnaces.
Mr Musk says both Berlin and Austin factories are gigantic money furnaces right now. It's really like a giant roaring sound, which is the sound of money on fire.
He says the plants are losing billions of dollars right now and there's a ton of expense and hardly any output.]]>https://api.spreaker.com/episode/50319409Fri, 24 Jun 2022 13:36:08 +0000Africa Business RadioElon Musk says Tesla's new factories in Germany and the US are losing billions of dollars due to battery shortages and supply disruptions in China. The multi-billionaire also called the plants in Berlin and Austin, Texas gigantic money furnaces. Mr...The multi-billionaire also called the plants in Berlin and Austin, Texas gigantic money furnaces.
Mr Musk says both Berlin and Austin factories are gigantic money furnaces right now. It's really like a giant roaring sound, which is the sound of money on fire.
He says the plants are losing billions of dollars right now and there's a ton of expense and hardly any output.]]>67africa_business_radio,battery_shortage,china,musk,news,teslacleanfullhttps://www.spreaker.com/episode/inflation-pushes-uk-government-interest-costs-to-highest-record--50319290Interest payments paid by the government for last month hit £7.6bn, up £3.1bn from a year earlier.
Government borrowing fell in May from a year earlier but still remained higher than pre-Covid levels.
The Office for National Statistics says borrowing was £14bn, down £4bn from a year earlier however the figure was still the third-highest May borrowing since monthly records began in 1993 and were also £3.7bn more than the Office for Budget Responsibility had to forecast.
The recent high levels of debt interest payments are largely a result of higher inflation.]]>https://api.spreaker.com/episode/50319290Fri, 24 Jun 2022 13:30:53 +0000Africa Business RadioSurging inflation led interest payments on government debt to hit the highest amount for May on record. Interest payments paid by the government for last month hit £7.6bn, up £3.1bn from a year earlier. Government borrowing fell in May from a year...Interest payments paid by the government for last month hit £7.6bn, up £3.1bn from a year earlier.
Government borrowing fell in May from a year earlier but still remained higher than pre-Covid levels.
The Office for National Statistics says borrowing was £14bn, down £4bn from a year earlier however the figure was still the third-highest May borrowing since monthly records began in 1993 and were also £3.7bn more than the Office for Budget Responsibility had to forecast.
The recent high levels of debt interest payments are largely a result of higher inflation.]]>64africa_business_radio,government_debt,inflation,interest_rate,news,revenuecleanfullhttps://www.spreaker.com/episode/europe-energy-agency-brace-for-russia-cutting-off-gas-suuply--50319289Fatih Birol says he believes a complete shutdown is not the most likely scenario but that Europe needs to work on contingency plans just in case.
Russian officials deny it's deliberate and has blamed technical issues.
Before the invasion of Ukraine, Europe imported about 40% of its natural gas from Russia but that figure has now fallen to about 20%.
Mr Birol says he believes that recent Russian reductions in gas supply are strategic.]]>https://api.spreaker.com/episode/50319289Fri, 24 Jun 2022 13:22:55 +0000Africa Business RadioThe head of the International Energy Agency has warned that Russia may stop supplying gas to Europe this winter. Fatih Birol says he believes a complete shutdown is not the most likely scenario but that Europe needs to work on contingency plans just...Fatih Birol says he believes a complete shutdown is not the most likely scenario but that Europe needs to work on contingency plans just in case.
Russian officials deny it's deliberate and has blamed technical issues.
Before the invasion of Ukraine, Europe imported about 40% of its natural gas from Russia but that figure has now fallen to about 20%.
Mr Birol says he believes that recent Russian reductions in gas supply are strategic.]]>65africa_business_radio,energy_conservation,europe,gas_supply,news,russiacleanfullhttps://www.spreaker.com/episode/uk-pm-criticises-condescending-attitude-on-rwanda--50319254He made the comments before embarking on Rwanda's capital, Kigali, where he is due to attend a meeting of the Commonwealth's heads of government.
Mr Johnson says his trip was an opportunity to see the country with which the UK has an important economic and migration partnership.
He acknowledged he would be arriving ahead of many of the people his government planned to send there; the first such flight was halted last week by the European Court of Human Rights.]]>https://api.spreaker.com/episode/50319254Fri, 24 Jun 2022 13:17:05 +0000Africa Business RadioUK Prime Minister Boris Johnson has accused critics of his government's policy to send asylum seekers to Rwanda of having a condescending attitude towards the African country. He made the comments before embarking on Rwanda's capital, Kigali, where...He made the comments before embarking on Rwanda's capital, Kigali, where he is due to attend a meeting of the Commonwealth's heads of government.
Mr Johnson says his trip was an opportunity to see the country with which the UK has an important economic and migration partnership.
He acknowledged he would be arriving ahead of many of the people his government planned to send there; the first such flight was halted last week by the European Court of Human Rights.]]>53africa,africa_business_radio,asylum_seekers,commonwealth,news,rwanda,u.kcleanfullhttps://www.spreaker.com/episode/tanzania-s-ruling-party-proposes-new-constitution--50319158A previous attempt to change the constitution failed in 2014 after a draft document proposed to reduce presidential powers and establish an independent electoral body.
CCM spokesperson Shaka Hamdu Shaka says the party's top body was insisting on a need to have a new constitution.
He says the party was supporting President Samia Suluhu's reconciliation efforts.]]>https://api.spreaker.com/episode/50319158Fri, 24 Jun 2022 13:13:14 +0000Africa Business RadioTanzania’s ruling party CCM says it is ready for reforms on the country's constitution after years of fending off pressure from opposition parties and rights defenders. A previous attempt to change the constitution failed in 2014 after a draft...A previous attempt to change the constitution failed in 2014 after a draft document proposed to reduce presidential powers and establish an independent electoral body.
CCM spokesperson Shaka Hamdu Shaka says the party's top body was insisting on a need to have a new constitution.
He says the party was supporting President Samia Suluhu's reconciliation efforts.]]>62africa,africa_business_radio,constitution,news,polltics,tanzaniacleanfullhttps://www.spreaker.com/episode/somalia-at-the-verge-of-drought-as-second-biggest-river-runs-dry--50319153The state-owned Somali National TV says the river had dried up and could exacerbate the country's drought and further increase food insecurity.
The Shabelle River flows into southern Somalia from the highlands of neighbouring Ethiopia.
It is the second biggest river in Somalia and is a significant water source for residents in the south and central regions.
Agricultural activities in the country have been affected by a fourth failed rainy season.]]>https://api.spreaker.com/episode/50319153Fri, 24 Jun 2022 13:07:32 +0000Africa Business RadioOne of Somalia’s main rivers, the Shabelle, is running dry and affecting people who depend on it for their livelihoods amid a continued drought. The state-owned Somali National TV says the river had dried up and could exacerbate the country's...The state-owned Somali National TV says the river had dried up and could exacerbate the country's drought and further increase food insecurity.
The Shabelle River flows into southern Somalia from the highlands of neighbouring Ethiopia.
It is the second biggest river in Somalia and is a significant water source for residents in the south and central regions.
Agricultural activities in the country have been affected by a fourth failed rainy season.]]>58africa,africa_business_radio,drought,news,shabelle,somaliacleanfullhttps://www.spreaker.com/episode/nigerian-states-to-lose-n19bn-in-oil-gas-revenues-in-2022--50319108The Washington-based bank says the declining revenue from the federation level had put many states in a precarious fiscal position.
The bank warned that many states would be unable to meet up with their expenditures, adding that there was an increase in debt servicing expenditures of States.
The bank further says that the expected higher VAT collection or improvements in independently generated revenues would not compensate for the lower transfers from the Federation Accounts Allocation Committee in 2022.]]>https://api.spreaker.com/episode/50319108Fri, 24 Jun 2022 13:01:24 +0000Africa Business RadioThe World Bank says that Nigerian states will likely lose N18.8bn in oil and gas revenues in 2022, as worsening revenue collection at the federation level increases budgetary pressures for the states. The Washington-based bank says the declining...The Washington-based bank says the declining revenue from the federation level had put many states in a precarious fiscal position.
The bank warned that many states would be unable to meet up with their expenditures, adding that there was an increase in debt servicing expenditures of States.
The bank further says that the expected higher VAT collection or improvements in independently generated revenues would not compensate for the lower transfers from the Federation Accounts Allocation Committee in 2022.]]>66africa_business_radio,debt_servicing,declining_revenue,expenditures,news,nigeria,world_bankcleanfullhttps://www.spreaker.com/episode/nigeria-s-apex-bank-invest-723m-to-boast-agriculture-in-ogun--50319106The CBN, Abeokuta Branch Controller, Wahab Oseni, says the disbursement was part of the Agricultural Credit Guarantee Scheme Fund established by Decree No. 20 of 1977 to guarantee credit facilities extended to farmers by banks.
He says the loan was targeted at increasing access to funds in the agricultural sector, adding that beneficiaries would get back 50 per cent of the interest if they met with terms of the loan.]]>https://api.spreaker.com/episode/50319106Fri, 24 Jun 2022 12:56:51 +0000Africa Business RadioThe Central Bank of Nigeria says that 1779 farmers in Ogun State have benefitted from agricultural loans in 2021. The CBN, Abeokuta Branch Controller, Wahab Oseni, says the disbursement was part of the Agricultural Credit Guarantee Scheme Fund...The CBN, Abeokuta Branch Controller, Wahab Oseni, says the disbursement was part of the Agricultural Credit Guarantee Scheme Fund established by Decree No. 20 of 1977 to guarantee credit facilities extended to farmers by banks.
He says the loan was targeted at increasing access to funds in the agricultural sector, adding that beneficiaries would get back 50 per cent of the interest if they met with terms of the loan.]]>61africa_business_radio,agriculture,cbn,farming,funding,investment,ogun_statecleanfullhttps://www.spreaker.com/episode/nigeria-s-independent-petroleum-marketers-warns-against-fuel-hike--50318854The factional National President, IPMAN, Chinedu Okoronkwo, admitted that members of the association had called for a hike in petrol price, but noted that the Nigerian National Petroleum Company Limited had released enough petrol.
Okoronkwo revealed that IPMAN and its partner had engaged the services of Benham Group to recover money owed them for the supply of petroleum products.]]>https://api.spreaker.com/episode/50318854Fri, 24 Jun 2022 12:50:42 +0000Africa Business RadioThe Independent Petroleum Marketers Association of Nigeria warned members of the association not to dispense petrol, above the approved N165/litre pump price. The factional National President, IPMAN, Chinedu Okoronkwo, admitted that members of the...The factional National President, IPMAN, Chinedu Okoronkwo, admitted that members of the association had called for a hike in petrol price, but noted that the Nigerian National Petroleum Company Limited had released enough petrol.
Okoronkwo revealed that IPMAN and its partner had engaged the services of Benham Group to recover money owed them for the supply of petroleum products.]]>67africa_business_radio,fuel_scarcity,ipman,news,nnpc,opec,russiacleanfullhttps://www.spreaker.com/episode/nigerian-government-reverses-nigeria-s-ban-from-basketball-competition--50318848The Permanent Secretary, Federal Ministry of Youth and Sports Development, Ismaila Abubakar, says the approval was granted following a letter of appeal dated June 17, 2022, which was signed by Musa Kida, leader of the Nigeria Basketball Federation board, and addressed to the Minister of Youth and Sports Development, Sunday Dare.
Abubakar says despite the approval, the stakeholders were warned to ensure that the country’s laws are not subjugated to any other law.]]>https://api.spreaker.com/episode/50318848Fri, 24 Jun 2022 12:47:13 +0000Africa Business RadioPresident Muhammadu Buhari has approved the immediate return of Nigeria to international basketball competitions. The Permanent Secretary, Federal Ministry of Youth and Sports Development, Ismaila Abubakar, says the approval was granted following a...The Permanent Secretary, Federal Ministry of Youth and Sports Development, Ismaila Abubakar, says the approval was granted following a letter of appeal dated June 17, 2022, which was signed by Musa Kida, leader of the Nigeria Basketball Federation board, and addressed to the Minister of Youth and Sports Development, Sunday Dare.
Abubakar says despite the approval, the stakeholders were warned to ensure that the country’s laws are not subjugated to any other law.]]>57africa_business_radio,basketball_federation,news,nigeria,sport,women_in_sportcleanfullhttps://www.spreaker.com/episode/us-reaffirms-nato-commitment-to-lithuania-after-russia-threat--50292041State Department spokesman Ned Price says their commitment to NATO’s Article Five on the part of the United States is ironclad
Lithuania says that it would restrict the rail transit of goods sanctioned by the EU into Kaliningrad, an isolated Russian enclave on the Baltic Sea sandwiched between Lithuania and Poland.
Russia warned that it would certainly respond to the hostile actions.]]>https://api.spreaker.com/episode/50292041Wed, 22 Jun 2022 13:31:37 +0000Africa Business RadioThe United States says it stood firmly behind Lithuania and NATO commitments to defend it after Russia warned its neighbour over restrictions on rail transit. State Department spokesman Ned Price says their commitment to NATO’s Article Five on the...State Department spokesman Ned Price says their commitment to NATO’s Article Five on the part of the United States is ironclad
Lithuania says that it would restrict the rail transit of goods sanctioned by the EU into Kaliningrad, an isolated Russian enclave on the Baltic Sea sandwiched between Lithuania and Poland.
Russia warned that it would certainly respond to the hostile actions.]]>51africa_business_radio,lithuania,nato,news,rail_transit,russia,u.scleanfullhttps://www.spreaker.com/episode/germany-turns-to-coal-as-russia-cuts-gas-supplies--50291988The move comes after Russia sharply reduced flows of natural gas in its pipelines to western Europe, driving up energy prices.
Robert Habeck says to reduce gas consumption, less gas must be used to generate electricity. Coal-fired power plants will have to be used more instead.
Russian state gas giant Gazprom says the supply reductions via the Nord Stream pipeline are the result of repair work, but European Union officials believe Moscow is punishing allies of Ukraine, where Russian forces launched an invasion in February]]>https://api.spreaker.com/episode/50291988Wed, 22 Jun 2022 13:17:27 +0000Africa Business RadioGermany’s economy minister says the country will limit the use of natural gas for electricity production amid concerns about possible shortages caused by a cut in supplies from Russia. The move comes after Russia sharply reduced flows of natural...The move comes after Russia sharply reduced flows of natural gas in its pipelines to western Europe, driving up energy prices.
Robert Habeck says to reduce gas consumption, less gas must be used to generate electricity. Coal-fired power plants will have to be used more instead.
Russian state gas giant Gazprom says the supply reductions via the Nord Stream pipeline are the result of repair work, but European Union officials believe Moscow is punishing allies of Ukraine, where Russian forces launched an invasion in February]]>61africa_business_radio,energy_price,gas_supply,germany,news,russia,ukrainecleanfullhttps://www.spreaker.com/episode/belgium-auctions-5g-licences-for-1-2-bilion-euros--50291895The regulator says proceeds from the auction, which attracted bids from five operators, were 468.5 million euros higher than the minimum price.
The Belgian regulator cleared the five entrants to the auction in March, after the government said it would encourage a new entrant on the market to increase competition with the largest operators Proximus, Orange Belgium and Telenet’s BASE.]]>https://api.spreaker.com/episode/50291895Wed, 22 Jun 2022 13:12:39 +0000Africa Business RadioTelecoms regulator says mobile operators in Belgium have bid 1.2 billion euros for fifth-generation mobile licences. The regulator says proceeds from the auction, which attracted bids from five operators, were 468.5 million euros higher than the...The regulator says proceeds from the auction, which attracted bids from five operators, were 468.5 million euros higher than the minimum price.
The Belgian regulator cleared the five entrants to the auction in March, after the government said it would encourage a new entrant on the market to increase competition with the largest operators Proximus, Orange Belgium and Telenet’s BASE.]]>495g,africa_business_radio,belgium,news,telecomcleanfullhttps://www.spreaker.com/episode/canada-announces-ban-on-single-use-plastics--50291837The new rules will apply to checkout bags, utensils, food-service products with plastic that is difficult to recycle, ring carriers, stir sticks, and straws with some exceptions.
Environment Minister Steven Guilbeault says the government is all in when it comes to reducing plastic pollution.
The government will also ban the export of six plastics by the end of 2025.]]>https://api.spreaker.com/episode/50291837Wed, 22 Jun 2022 13:04:59 +0000Africa Business RadioThe government of Canada announced that it will ban the manufacturing and import of a number of harmful single-use plastics, with several new regulations coming into place in December. The new rules will apply to checkout bags, utensils,...The new rules will apply to checkout bags, utensils, food-service products with plastic that is difficult to recycle, ring carriers, stir sticks, and straws with some exceptions.
Environment Minister Steven Guilbeault says the government is all in when it comes to reducing plastic pollution.
The government will also ban the export of six plastics by the end of 2025.]]>52africa_business_radio,canada,ecosystem,news,plastic_pollution,waste_managementcleanfullhttps://www.spreaker.com/episode/us-effects-ban-on-imports-from-china-s-xinjiang--50291779Under the regulations, firms will have to prove imports from the region are not produced using forced labour.
US lawmakers say the law sends a clear message that they will no longer remain complicit in the Chinese Communist Party's use of slave labour and egregious crimes against humanity.]]>https://api.spreaker.com/episode/50291779Wed, 22 Jun 2022 13:00:09 +0000Africa Business RadioImports from China's Xinjiang region are due to be banned in the US from Tuesday as new rules come into force. Under the regulations, firms will have to prove imports from the region are not produced using forced labour. US lawmakers say the law...Under the regulations, firms will have to prove imports from the region are not produced using forced labour.
US lawmakers say the law sends a clear message that they will no longer remain complicit in the Chinese Communist Party's use of slave labour and egregious crimes against humanity.]]>43africa_business_radio,china,news,trade_ban,u.scleanfullhttps://www.spreaker.com/episode/eu-adds-west-african-jihadists-to-sanctions-blacklist--50291524The new asset freezes and visa bans target Sidan Ag-Hitta and Salem ould Breihmatt, senior commanders within the UN-listed Al-Qaeda-affiliated Jama’at Nusrat al-Islam Wal-Muslimin in Mali, as well as its Burkinabe branch Ansarul Islam and its leader Jafar Dicko.
The EU says the sanctioned group and individuals are responsible for several terrorist attacks, including against civilians, the UN peacekeeping mission in Mali and defence and security forces in Burkina Faso.]]>https://api.spreaker.com/episode/50291524Wed, 22 Jun 2022 12:55:06 +0000Africa Business RadioThe European Union added three Al-Qaeda-linked jihadist commanders in West Africa to its terrorist sanctions blacklist for attacks in Mali and Burkina Faso. The new asset freezes and visa bans target Sidan Ag-Hitta and Salem ould Breihmatt, senior...The new asset freezes and visa bans target Sidan Ag-Hitta and Salem ould Breihmatt, senior commanders within the UN-listed Al-Qaeda-affiliated Jama’at Nusrat al-Islam Wal-Muslimin in Mali, as well as its Burkinabe branch Ansarul Islam and its leader Jafar Dicko.
The EU says the sanctioned group and individuals are responsible for several terrorist attacks, including against civilians, the UN peacekeeping mission in Mali and defence and security forces in Burkina Faso.]]>59africa,africa_business_radio,european_union,jihadist,news,terrorist_sanction,visa_bancleanfullhttps://www.spreaker.com/episode/east-africa-leaders-call-for-ceasefire-in-eastern-dr-congo--50291367The leaders also directed that rebel groups relinquish all territory they hold and that peace negotiations be intensified.
The meeting also condemned recent incidents of hate speech and attacks on certain ethnicities in DR Congo, allegedly sparked by accusations from DR Congo that Rwanda is supporting the M23 rebels.]]>https://api.spreaker.com/episode/50291367Wed, 22 Jun 2022 12:52:25 +0000Africa Business RadioEast African heads of state have called for an immediate ceasefire and cessation of hostilities between the Democratic Republic of Congo and the several rebel groups fighting in its eastern region. The leaders also directed that rebel groups...The leaders also directed that rebel groups relinquish all territory they hold and that peace negotiations be intensified.
The meeting also condemned recent incidents of hate speech and attacks on certain ethnicities in DR Congo, allegedly sparked by accusations from DR Congo that Rwanda is supporting the M23 rebels.]]>48africa,africa_business_radio,dr_congo,news,rwandacleanfullhttps://www.spreaker.com/episode/nigeria-s-borrowing-to-pay-salaries-violates-fiscal-responsibility-act--50291293He urged the federal government to adopt a cost-effective approach to generating revenues by issuing asset-backed debt and not revenue-based debt.
He argued that not only that borrowing to pay salaries or generally for recurrent expenditure is against the law, but it is also not sustainable as it may lead to a debt trap which could quickly spiral out of control.]]>https://api.spreaker.com/episode/50291293Wed, 22 Jun 2022 12:40:41 +0000Africa Business RadioThe Chief Executive Officer of Economic Associates, Dr Ayo Teriba, has faulted the decision of the federal government to borrow to fund its recurrent expenditure, stressing that such a decision flagrantly violates Section 41 of the Fiscal...He urged the federal government to adopt a cost-effective approach to generating revenues by issuing asset-backed debt and not revenue-based debt.
He argued that not only that borrowing to pay salaries or generally for recurrent expenditure is against the law, but it is also not sustainable as it may lead to a debt trap which could quickly spiral out of control.]]>57africa_business_radio,asset_based_debt,news,nigeria,recurrent_expenditure,revenue_generationcleanfullhttps://www.spreaker.com/episode/nigeria-s-electoral-commission-loses-bid-to-stop-voter-registration-on-june-30--50291121Justice Olajueom granted an order of interim injunction following the hearing of an argument on motion exparte by the Socio-Economic Rights and Accountability Project.
The commission is further asking the court for an order of mandamus to direct and compel INEC to extend voter registration by a minimum of three months and take effective measures to ensure that eligible Nigerians are able to register to exercise their right to vote in the 2023 general elections.]]>https://api.spreaker.com/episode/50291121Wed, 22 Jun 2022 12:33:17 +0000Africa Business RadioJustice Mobolaji Olajuwon of the Federal High Court in Abuja stopped the Independent National Electoral Commission from ending the voter registration on 30 June 2022. Justice Olajueom granted an order of interim injunction following the hearing of...Justice Olajueom granted an order of interim injunction following the hearing of an argument on motion exparte by the Socio-Economic Rights and Accountability Project.
The commission is further asking the court for an order of mandamus to direct and compel INEC to extend voter registration by a minimum of three months and take effective measures to ensure that eligible Nigerians are able to register to exercise their right to vote in the 2023 general elections.]]>582023_election,africa_business_radio,electoral_commission,human_right,news,pvc,voters_registrationcleanfullhttps://www.spreaker.com/episode/nigerian-state-reinforces-ban-on-motorcycles-to-improve-security--50291020The governor says the ban on motorcycles in the Benin metropolis is still in force.
The review came after a joint security meeting with representatives of various security agencies in the state.]]>https://api.spreaker.com/episode/50291020Wed, 22 Jun 2022 12:24:27 +0000Africa Business RadioThe Edo State Governor, Mr Godwin Obaseki, has pledged to sustain partnership with security agencies in the state to ensure improved security of lives and property of citizens of the state. The governor says the ban on motorcycles in the Benin...The governor says the ban on motorcycles in the Benin metropolis is still in force.
The review came after a joint security meeting with representatives of various security agencies in the state.]]>42africa_business_radio,motorcycle_ban,news,nigeria,securitycleanfullhttps://www.spreaker.com/episode/nigeria-holding-back-450m-belonging-to-foreign-airlines--50290853Vice President for Africa and the Middle East, IATA, Kamil Al Awadhi says a financially viable air transport sector supports jobs and must be a driving force for Africa and the Middle East's economic recovery from COVID-19.
Al Awadhi says the consequences of reduced air connectivity include the erosion of that country’s competitiveness, diminished investor confidence and reputational harm caused by a perception that it is a high-risk place to do business.]]>https://api.spreaker.com/episode/50290853Wed, 22 Jun 2022 12:13:33 +0000Africa Business RadioThe International Air Transport Association says Nigeria is holding back about $450 million in revenue earned by foreign airlines operating in the country. Vice President for Africa and the Middle East, IATA, Kamil Al Awadhi says a financially...Vice President for Africa and the Middle East, IATA, Kamil Al Awadhi says a financially viable air transport sector supports jobs and must be a driving force for Africa and the Middle East's economic recovery from COVID-19.
Al Awadhi says the consequences of reduced air connectivity include the erosion of that country’s competitiveness, diminished investor confidence and reputational harm caused by a perception that it is a high-risk place to do business.]]>58africa_business_radio,aviation_sector,foreign_airline,national_debt,news,nigeriacleanfullhttps://www.spreaker.com/episode/nigerian-president-urges-international-allies-to-ban-ipob--50290812Buhari says the country is safer than he met in 2015 and proscribing IPOB, a group seeking secession of parts of Southern Nigeria, will improve the situation.
The President urged the international partners to take additional steps costing them nothing, by proscribing another group – IPOB – as a terrorist organization.]]>https://api.spreaker.com/episode/50290812Wed, 22 Jun 2022 11:57:21 +0000Africa Business RadioPresident Muhammadu Buhari has asked the nation’s western allies to proscribe the Indigenous People of Biafra as a terrorist organisation. Buhari says the country is safer than he met in 2015 and proscribing IPOB, a group seeking secession of parts...Buhari says the country is safer than he met in 2015 and proscribing IPOB, a group seeking secession of parts of Southern Nigeria, will improve the situation.
The President urged the international partners to take additional steps costing them nothing, by proscribing another group – IPOB – as a terrorist organization.]]>46africa_business_radio,ipob,news,nigeria,terrorist_organisationcleanfullhttps://www.spreaker.com/episode/ukrainian-war-to-possibly-last-for-years--50264774He told Bild that the food and fuel costs are nothing compared to the one paid daily by Ukrainians on the frontline, warning they would have to pay an even greater price if Russian President Vladimir Putin were to achieve Moscow’s goals in Ukraine.
Stoltenberg says the hardware support could increase the likelihood of Ukraine being able to push Putin’s troops out of the Donbas region.]]>https://api.spreaker.com/episode/50264774Mon, 20 Jun 2022 14:27:12 +0000Africa Business RadioNATO chief Jens Stoltenberg warned that the war in Ukraine could last for years while reiterating calls for Western countries to provide long-term support to Kyiv. He told Bild that the food and fuel costs are nothing compared to the one paid daily...He told Bild that the food and fuel costs are nothing compared to the one paid daily by Ukrainians on the frontline, warning they would have to pay an even greater price if Russian President Vladimir Putin were to achieve Moscow’s goals in Ukraine.
Stoltenberg says the hardware support could increase the likelihood of Ukraine being able to push Putin’s troops out of the Donbas region.]]>51africa_business_radio,nato,news,russia,ukrainecleanfullhttps://www.spreaker.com/episode/us-targets-chinese-uae-companies-in-new-iran-sanctions--50264738The US Department of the Treasury says it had imposed penalties on two companies based in Hong Kong, three in Iran, and four in the United Arab Emirates.
Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E Nelson says the United States is pursuing the path of meaningful diplomacy to achieve a mutual return to compliance with the Joint Comprehensive Plan of Action.]]>https://api.spreaker.com/episode/50264738Mon, 20 Jun 2022 14:21:34 +0000Africa Business RadioThe United States has imposed sanctions on Chinese and Emirati companies, as well as a network of Iranian petrochemical producers, accusing them of helping to evade sanctions by supporting the sale of Iran’s petrochemical products abroad. The US...The US Department of the Treasury says it had imposed penalties on two companies based in Hong Kong, three in Iran, and four in the United Arab Emirates.
Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E Nelson says the United States is pursuing the path of meaningful diplomacy to achieve a mutual return to compliance with the Joint Comprehensive Plan of Action.]]>56africa_business_radio,china,financial_intelligence,iran,news,top_podcast,trade_sanction,u.scleanfullhttps://www.spreaker.com/episode/qatar-airways-posts-high-record-1-5bn-profits--50264690The airline says revenue reached $14.4bn, up 78 per cent compared with last year.
Qatar Airways CEO Akbar al-Baker says they have pursued every business opportunity and left no stone unturned as we aimed to meet our targets.]]>https://api.spreaker.com/episode/50264690Mon, 20 Jun 2022 14:17:02 +0000Africa Business RadioQatar Airways announced its profits during the past fiscal year topped $1.5bn, marking the highest-ever earnings for the state-owned company as it prepares to see a record surge in travellers for the upcoming FIFA World Cup football games. The...The airline says revenue reached $14.4bn, up 78 per cent compared with last year.
Qatar Airways CEO Akbar al-Baker says they have pursued every business opportunity and left no stone unturned as we aimed to meet our targets.]]>51africa_business_radio,fifa,news,qatar_airway,world_cupcleanfullhttps://www.spreaker.com/episode/elon-musk-and-tesla-sued-over-dogecoin-pyramid-scheme--50264657Plaintiff Keith Johnson accused Musk, electric car company Tesla Inc and space tourism company SpaceX of racketeering for touting Dogecoin and driving up its price, only to then let the price tumble.
The complaint also aggregates comments from Warren Buffett, Bill Gates and others questioning the value of cryptocurrency.
Johnson is seeking damages worth triple the $86bn decline in Dogecoin’s market value since May 2021.]]>https://api.spreaker.com/episode/50264657Mon, 20 Jun 2022 14:14:10 +0000Africa Business RadioElon Musk was sued for $258bn by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. Plaintiff Keith Johnson accused Musk, electric car company Tesla Inc and space tourism company SpaceX of racketeering for...Plaintiff Keith Johnson accused Musk, electric car company Tesla Inc and space tourism company SpaceX of racketeering for touting Dogecoin and driving up its price, only to then let the price tumble.
The complaint also aggregates comments from Warren Buffett, Bill Gates and others questioning the value of cryptocurrency.
Johnson is seeking damages worth triple the $86bn decline in Dogecoin’s market value since May 2021.]]>56africa_business_radio,crypto_currency,dogecoin,elon_musk,news,pyramid_scheme,space_tourism,spacex,tesla,top_podcastcleanfullhttps://www.spreaker.com/episode/world-trade-organization-passes-unprecedented-trade-package--50264639WTO Director-General Ngozi Okonjo-Iweala says the package of agreements you have reached will make a difference in the lives of people around the world.
The negotiations involving more than 100 trade ministers have been seen as a crucial test of the trade body’s ability to strike multilateral trade deals at a time when rising geopolitical tensions are increasing protectionism and economic decoupling.]]>https://api.spreaker.com/episode/50264639Mon, 20 Jun 2022 14:11:05 +0000Africa Business RadioThe World Trade Organization agreed on an unprecedented package of trade deals touching on health, reform and food security after a disagreement between countries on key issues forced the trade body to extend negotiations by two days. WTO...WTO Director-General Ngozi Okonjo-Iweala says the package of agreements you have reached will make a difference in the lives of people around the world.
The negotiations involving more than 100 trade ministers have been seen as a crucial test of the trade body’s ability to strike multilateral trade deals at a time when rising geopolitical tensions are increasing protectionism and economic decoupling.]]>56africa_business_radio,insecurity,news,top_podcast,trade_deals,world_trade,wtocleanfullhttps://www.spreaker.com/episode/nigeria-s-proposed-2022-firs-practice-to-enhance-tax-appeals--50264592She described the collaboration as a testament to the willingness of the appellate court under her leadership, to ensure efficient dispensation of justice.
She says the Practice Direction will also govern matters brought before the court based on the application of enacted tax legislation in effect in Nigeria, as well as their applications to parties in any appeals brought before the appellate court.]]>https://api.spreaker.com/episode/50264592Mon, 20 Jun 2022 14:04:21 +0000Africa Business RadioThe President of the Court of Appeal, Justice Monica Dongban-Mensem, says that the Proposed Court of Appeal (Federal Inland Revenue Service) Practice Directions 2022 will enhance the speedy dispensation of justice in tax-related matters at the...She described the collaboration as a testament to the willingness of the appellate court under her leadership, to ensure efficient dispensation of justice.
She says the Practice Direction will also govern matters brought before the court based on the application of enacted tax legislation in effect in Nigeria, as well as their applications to parties in any appeals brought before the appellate court.]]>58africa_business_radio,firs_direction_practice,news,nigeria,tax_appeal,top_podcastcleanfullhttps://www.spreaker.com/episode/global-remittances-flow-may-hit-5-4trillion-by-2030--50264553The President of IFAD, Gilbert F. Houngbo says the digitalisation of remittances, particularly through mobile channels was a great opportunity to boost rural development as over half of these funds go to rural areas.
He says digitalisation reduces fees and other transactions costs like travel time, making the process more convenient and safer while promoting digital and financial inclusion.]]>https://api.spreaker.com/episode/50264553Mon, 20 Jun 2022 14:01:30 +0000Africa Business RadioGlobal remittances, the hard-earned money sent by migrant workers to their family members in low- and middle-income countries also grew by 8.6 per cent in 2021. The President of IFAD, Gilbert F. Houngbo says the digitalisation of remittances,...The President of IFAD, Gilbert F. Houngbo says the digitalisation of remittances, particularly through mobile channels was a great opportunity to boost rural development as over half of these funds go to rural areas.
He says digitalisation reduces fees and other transactions costs like travel time, making the process more convenient and safer while promoting digital and financial inclusion.]]>54africa_business_radio,digitalisation,financial_inclusion,global_remittances,news,top_podcast,transaction_costcleanfullhttps://www.spreaker.com/episode/nigeria-s-government-reviews-petroleum-products-freight-upwards--50264536The Nigerian Midstream Downstream Petroleum Regulatory Authority noted that the new deal as a result of several consultations with industry stakeholders.
The Authority says President Muhammadu Buhari considered and approved the upward review in freight rate for transporters to alleviate the challenges associated with the distribution of petrol.]]>https://api.spreaker.com/episode/50264536Mon, 20 Jun 2022 13:58:42 +0000Africa Business RadioThe federal government announced that it had reviewed upwards the freight rate paid to petroleum products transporters under the Nigerian Association of Road Transport Owners but was surprisingly silent on the newly approved figure. The Nigerian...The Nigerian Midstream Downstream Petroleum Regulatory Authority noted that the new deal as a result of several consultations with industry stakeholders.
The Authority says President Muhammadu Buhari considered and approved the upward review in freight rate for transporters to alleviate the challenges associated with the distribution of petrol.]]>53africa_business_radio,freight_rate,news,nigeria,petroleum_authority,top_podcastcleanfull