Africa Business News

Saudi Arabia has confirmed that negotiations have resumed in the city of Jeddah aimed at ending the conflict in Sudan. The Saudi foreign ministry welcomed the resumption of talks between representatives of Sudan's army and the paramilitary Rapid Support Forces group. It also urged them to adopt a ceasefire and protect civilians. More than 9,000 people have been killed and more than 5.5 million displaced since fighting broke out in April.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

UN aid agencies say they have begun to significantly reduce their operations in the Gaza Strip because they have almost exhausted their fuel reserves. Small quantities of fuel retrieved from existing reserves are being used to maintain the water supply in the south, where hundreds of thousands of people are sheltering from Israeli strikes. The agencies say they have reduced their support for overwhelmed hospitals and bakeries feeding the displaced. Juliette Touma of the UN agency for Palestinian refugees, Unrwa, says two million people are being strangled.

UN aid agencies say they have begun to significantly reduce their operations in the Gaza Strip because they have almost exhausted their fuel reserves. Small quantities of fuel retrieved from existing reserves are being used to maintain the water supply in the south, where hundreds of thousands of people are sheltering from Israeli strikes. The agencies say they have reduced their support for overwhelmed hospitals and bakeries feeding the displaced. Juliette Touma of the UN agency for Palestinian refugees, Unrwa, says two million people are being strangled.

UN aid agencies say they have begun to significantly reduce their operations in the Gaza Strip because they have almost exhausted their fuel reserves. Small quantities of fuel retrieved from existing reserves are being used to maintain the water supply in the south, where hundreds of thousands of people are sheltering from Israeli strikes. The agencies say they have reduced their support for overwhelmed hospitals and bakeries feeding the displaced. Juliette Touma of the UN agency for Palestinian refugees, Unrwa, says two million people are being strangled.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

Leaders of countries that are home to the world's major tropical rainforests are meeting in Brazzaville, the capital of the Republic of the Congo, for what is known as the Three Basins Summit. The leaders represent African, South American and South-East Asian nations and they say they are aiming to restore about 3.5m sq km of rainforest across the Amazon, Congo and Mekong basins. These regions account for 80% of the world’s tropical rainforests, which play a key role in absorbing carbon emissions.

Leaders of countries that are home to the world's major tropical rainforests are meeting in Brazzaville, the capital of the Republic of the Congo, for what is known as the Three Basins Summit. The leaders represent African, South American and South-East Asian nations and they say they are aiming to restore about 3.5m sq km of rainforest across the Amazon, Congo and Mekong basins. These regions account for 80% of the world’s tropical rainforests, which play a key role in absorbing carbon emissions.

Leaders of countries that are home to the world's major tropical rainforests are meeting in Brazzaville, the capital of the Republic of the Congo, for what is known as the Three Basins Summit. The leaders represent African, South American and South-East Asian nations and they say they are aiming to restore about 3.5m sq km of rainforest across the Amazon, Congo and Mekong basins. These regions account for 80% of the world’s tropical rainforests, which play a key role in absorbing carbon emissions.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

Iran's President Ebrahim Raisi says that his country is ready to cooperate with Niger in economically beneficial areas. President Raisi praised Niger's desire for independence and resistance against the European hegemonic policies which he said signalled Africa’s real transition from colonialism. President Raisi met the foreign minister of Burkina Faso’s junta Olivia Rouamba, Kenya, Uganda and Zimbabwe.

Iran's President Ebrahim Raisi says that his country is ready to cooperate with Niger in economically beneficial areas. President Raisi praised Niger's desire for independence and resistance against the European hegemonic policies which he said signalled Africa’s real transition from colonialism. President Raisi met the foreign minister of Burkina Faso’s junta Olivia Rouamba, Kenya, Uganda and Zimbabwe.

Iran's President Ebrahim Raisi says that his country is ready to cooperate with Niger in economically beneficial areas. President Raisi praised Niger's desire for independence and resistance against the European hegemonic policies which he said signalled Africa’s real transition from colonialism. President Raisi met the foreign minister of Burkina Faso’s junta Olivia Rouamba, Kenya, Uganda and Zimbabwe.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

The Federal Government in collaboration with other members of the Economic Community of West African States are planning to set up the Africa Energy Bank to cater to crude oil exploration activities in the region. Outgoing President, of the Nigerian Association of Petroleum Explorationists, Elliot Ibie, says the energy bank would be funded by ECOWAS members and other banks, of which he did not mention their names, to boost oil and gas production in the region. He says the Federal Government and investors are truly worried about the dwindling crude oil production in the country, and that is why ECOWAS is now planning to boost production through the energy bank that is currently being set up.

The Federal Government in collaboration with other members of the Economic Community of West African States are planning to set up the Africa Energy Bank to cater to crude oil exploration activities in the region. Outgoing President, of the Nigerian Association of Petroleum Explorationists, Elliot Ibie, says the energy bank would be funded by ECOWAS members and other banks, of which he did not mention their names, to boost oil and gas production in the region. He says the Federal Government and investors are truly worried about the dwindling crude oil production in the country, and that is why ECOWAS is now planning to boost production through the energy bank that is currently being set up.

The Federal Government in collaboration with other members of the Economic Community of West African States are planning to set up the Africa Energy Bank to cater to crude oil exploration activities in the region. Outgoing President, of the Nigerian Association of Petroleum Explorationists, Elliot Ibie, says the energy bank would be funded by ECOWAS members and other banks, of which he did not mention their names, to boost oil and gas production in the region. He says the Federal Government and investors are truly worried about the dwindling crude oil production in the country, and that is why ECOWAS is now planning to boost production through the energy bank that is currently being set up. This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

The Head of the Mansa Digital Initiative at the African Export and Import Bank, Maureen Mba, says that Africa contributes only 3 per cent to the totality of global trade. Mba explained that the rationale behind the Mansa Digital Initiative and says there was an urgent need to promote trade across the African continent. The president of the Lagos Chamber of Commerce and Industry, Michael Olawale-Cole emphasised the need for the government to support SMEs due to their strategic importance to the national economy. He noted that Nigeria’s small and medium-sized enterprises have long been the backbone of the economy, contributing significantly to economic growth, job creation, and poverty reduction.

The Head of the Mansa Digital Initiative at the African Export and Import Bank, Maureen Mba, says that Africa contributes only 3 per cent to the totality of global trade. Mba explained that the rationale behind the Mansa Digital Initiative and says there was an urgent need to promote trade across the African continent. The president of the Lagos Chamber of Commerce and Industry, Michael Olawale-Cole emphasised the need for the government to support SMEs due to their strategic importance to the national economy. He noted that Nigeria’s small and medium-sized enterprises have long been the backbone of the economy, contributing significantly to economic growth, job creation, and poverty reduction.

The Head of the Mansa Digital Initiative at the African Export and Import Bank, Maureen Mba, says that Africa contributes only 3 per cent to the totality of global trade. Mba explained that the rationale behind the Mansa Digital Initiative and says there was an urgent need to promote trade across the African continent. The president of the Lagos Chamber of Commerce and Industry, Michael Olawale-Cole emphasised the need for the government to support SMEs due to their strategic importance to the national economy. He noted that Nigeria’s small and medium-sized enterprises have long been the backbone of the economy, contributing significantly to economic growth, job creation, and poverty reduction. This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

Stears has announced that Nigeria’s inflation rate may rise to 30 per cent by December 2023. The data Provider projected that Nigeria’s annual inflation rate is set to climb steadily until year-end, culminating at around 30 per cent, a level not attained since the country’s modern democratic era. The firm stated that its forecasts are based on trusted econometric tools that consider a myriad of factors driving inflation, from general to country-specific dynamics. Stears’ Head of Insights, Fadekemi Abiru, says the exchange rate premium is expected to keep widening and exert further inflationary pressures unless there is significant dollar inflows into the economy.

Stears has announced that Nigeria’s inflation rate may rise to 30 per cent by December 2023. The data Provider projected that Nigeria’s annual inflation rate is set to climb steadily until year-end, culminating at around 30 per cent, a level not attained since the country’s modern democratic era. The firm stated that its forecasts are based on trusted econometric tools that consider a myriad of factors driving inflation, from general to country-specific dynamics. Stears’ Head of Insights, Fadekemi Abiru, says the exchange rate premium is expected to keep widening and exert further inflationary pressures unless there is significant dollar inflows into the economy.

Stears has announced that Nigeria’s inflation rate may rise to 30 per cent by December 2023. The data Provider projected that Nigeria’s annual inflation rate is set to climb steadily until year-end, culminating at around 30 per cent, a level not attained since the country’s modern democratic era. The firm stated that its forecasts are based on trusted econometric tools that consider a myriad of factors driving inflation, from general to country-specific dynamics. Stears’ Head of Insights, Fadekemi Abiru, says the exchange rate premium is expected to keep widening and exert further inflationary pressures unless there is significant dollar inflows into the economy.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

The Supreme Court upheld the victory of President Bola Tinubu in the February 25, 2023 presidential election. The apex court, in its ruling, dismissed the appeals by the presidential candidate of the People's Democratic Party, Atiku Abubakar; and his Labour Party counterpart, Peter Obi. A seven-judge panel ruled as without merit the opposition appeals over claims of fraud, electoral law violations, and Tinubu’s ineligibility to run for president. The apex court thrashed all the grounds of appeal of Atiku and the PDP on qualification, non-compliance with the Electoral Act, the 25% votes in FCT, and electoral malpractices.