Africa Business News

Niger has been forced to cut its budget by 40% over the impact of sanctions and suspension of aid after the 26 July coup. There are fears that the sanctions may worsen the economic situation in Niger - one of the world’s poorest countries. The military junta announced a 2023 budget cut from $5.3bn to $3.2bn, although details of the cuts are lacking. At least 40% of the West African country's budget support this year was expected to come from external partners. The import-dependent country has recorded soaring food and commodity prices and a limited supply of medicines, owing to trade restrictions.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 will restart the Tradermoni scheme in November with each beneficiary getting N50,000 to support their business. The Minister of Humanitarian Affairs and Poverty Alleviation Mrs Betta Edu says the government is set to relaunch it while the interest-free loan scheme for traders has been on hold for some time. She says it is a one-off interest-free loan with those who repay qualifying for another loan.

The Federal Government will restart the Tradermoni scheme in November with each beneficiary getting N50,000 to support their business. The Minister of Humanitarian Affairs and Poverty Alleviation Mrs Betta Edu says the government is set to relaunch it while the interest-free loan scheme for traders has been on hold for some time. She says it is a one-off interest-free loan with those who repay qualifying for another loan.

The Federal Government will restart the Tradermoni scheme in November with each beneficiary getting N50,000 to support their business. The Minister of Humanitarian Affairs and Poverty Alleviation Mrs Betta Edu says the government is set to relaunch it while the interest-free loan scheme for traders has been on hold for some time. She says it is a one-off interest-free loan with those who repay qualifying for another loan.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 National Bureau of Statistics says Nigeria relied on foreign borrowing to boost its capital importation in the first six months of 2023. The National Bureau of Statistics on Nigeria Capital Importation says in 2023, total capital importation dropped by 30.42 per cent year-on-year in the first half of 2023 to $2.16bn from $3.11bn, from the corresponding period of 2022. Foreign investments in the forms of loans grew by 17.43 per cent to $1.21bn in the first half of 2023 from $1.03bn as of the corresponding period of 2022. The NBS says in Q2 2023, other investments accounted for 81.28 per cent of total capital importation in Q2 2023, followed by Portfolio Investment with 10.37 per cent and Foreign Direct Investment with 8.35 per cent.

The National Bureau of Statistics says Nigeria relied on foreign borrowing to boost its capital importation in the first six months of 2023. The National Bureau of Statistics on Nigeria Capital Importation says in 2023, total capital importation dropped by 30.42 per cent year-on-year in the first half of 2023 to $2.16bn from $3.11bn, from the corresponding period of 2022. Foreign investments in the forms of loans grew by 17.43 per cent to $1.21bn in the first half of 2023 from $1.03bn as of the corresponding period of 2022. The NBS says in Q2 2023, other investments accounted for 81.28 per cent of total capital importation in Q2 2023, followed by Portfolio Investment with 10.37 per cent and Foreign Direct Investment with 8.35 per cent.

The National Bureau of Statistics says Nigeria relied on foreign borrowing to boost its capital importation in the first six months of 2023. The National Bureau of Statistics on Nigeria Capital Importation says in 2023, total capital importation dropped by 30.42 per cent year-on-year in the first half of 2023 to $2.16bn from $3.11bn, from the corresponding period of 2022. Foreign investments in the forms of loans grew by 17.43 per cent to $1.21bn in the first half of 2023 from $1.03bn as of the corresponding period of 2022. The NBS says in Q2 2023, other investments accounted for 81.28 per cent of total capital importation in Q2 2023, followed by Portfolio Investment with 10.37 per cent and Foreign Direct Investment with 8.35 per cent.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 has approved the appointment of doctors, nurses, and other clinical healthcare workers as contract staff after attaining their compulsory retirement age or years. The government, however, said the appointed contract staff would be on the same salary scale level that they retired on if they desire and deserve it. The government also says it was dissatisfied with health workers’ attitude to work, noting that in spite of efforts by the government to encourage health workers, the exodus of health workers had not abated.

The Federal Government has approved the appointment of doctors, nurses, and other clinical healthcare workers as contract staff after attaining their compulsory retirement age or years. The government, however, said the appointed contract staff would be on the same salary scale level that they retired on if they desire and deserve it. The government also says it was dissatisfied with health workers’ attitude to work, noting that in spite of efforts by the government to encourage health workers, the exodus of health workers had not abated.

The Federal Government has approved the appointment of doctors, nurses, and other clinical healthcare workers as contract staff after attaining their compulsory retirement age or years. The government, however, said the appointed contract staff would be on the same salary scale level that they retired on if they desire and deserve it. The government also says it was dissatisfied with health workers’ attitude to work, noting that in spite of efforts by the government to encourage health workers, the exodus of health workers had not abated.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 Minister of Humanitarian Affairs and Poverty Alleviation Betta Edu says the Federal Government will launch the conditional cash transfer policy for 15 million households on October 17th, 2023. She says the ministry is working with stakeholders across the country to get a credible register of beneficiaries. She says there is an ongoing verification exercise while adding that it is to make sure those who are on the national social register truly are Nigerians who fall within the under $1.95 a day range and they deserve to have it.

The Minister of Humanitarian Affairs and Poverty Alleviation Betta Edu says the Federal Government will launch the conditional cash transfer policy for 15 million households on October 17th, 2023. She says the ministry is working with stakeholders across the country to get a credible register of beneficiaries. She says there is an ongoing verification exercise while adding that it is to make sure those who are on the national social register truly are Nigerians who fall within the under $1.95 a day range and they deserve to have it.

The Minister of Humanitarian Affairs and Poverty Alleviation Betta Edu says the Federal Government will launch the conditional cash transfer policy for 15 million households on October 17th, 2023. She says the ministry is working with stakeholders across the country to get a credible register of beneficiaries. She says there is an ongoing verification exercise while adding that it is to make sure those who are on the national social register truly are Nigerians who fall within the under $1.95 a day range and they deserve to have it.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 United States has announced it will impose visa restrictions on anyone who undermines elections in Liberia. It says the move targeted those undermining democracy in Liberia, including through manipulation or rigging of the electoral process, use of violence or engagement in any other activity designed to improperly influence the outcome of an election. The State Department says the policy reflected a commitment to support Liberians in their desire to have a free and fair vote.

The United States has announced it will impose visa restrictions on anyone who undermines elections in Liberia. It says the move targeted those undermining democracy in Liberia, including through manipulation or rigging of the electoral process, use of violence or engagement in any other activity designed to improperly influence the outcome of an election. The State Department says the policy reflected a commitment to support Liberians in their desire to have a free and fair vote.

The United States has announced it will impose visa restrictions on anyone who undermines elections in Liberia. It says the move targeted those undermining democracy in Liberia, including through manipulation or rigging of the electoral process, use of violence or engagement in any other activity designed to improperly influence the outcome of an election. The State Department says the policy reflected a commitment to support Liberians in their desire to have a free and fair vote.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 Confederation of African Football has announced that Morocco will host the 2025 Africa Cup of Nations. A joint East African bid from Kenya, Uganda and Tanzania has also won the rights to hold the 2027 tournament. Morocco replaced Guinea, who was stripped of the tournament in October last year because of concerns about infrastructure and facilities. Morocco is jointly bidding for the 2030 World Cup with Spain and Portugal. Patrice Motsepe, president of organisers CAF, says all of the options for both tournaments would have made Africa proud. He added the decisions had been based on the level of infrastructure made available by bids, including facilities, accommodation and hospitals.

The Confederation of African Football has announced that Morocco will host the 2025 Africa Cup of Nations. A joint East African bid from Kenya, Uganda and Tanzania has also won the rights to hold the 2027 tournament. Morocco replaced Guinea, who was stripped of the tournament in October last year because of concerns about infrastructure and facilities. Morocco is jointly bidding for the 2030 World Cup with Spain and Portugal. Patrice Motsepe, president of organisers CAF, says all of the options for both tournaments would have made Africa proud. He added the decisions had been based on the level of infrastructure made available by bids, including facilities, accommodation and hospitals.

The Confederation of African Football has announced that Morocco will host the 2025 Africa Cup of Nations. A joint East African bid from Kenya, Uganda and Tanzania has also won the rights to hold the 2027 tournament. Morocco replaced Guinea, who was stripped of the tournament in October last year because of concerns about infrastructure and facilities. Morocco is jointly bidding for the 2030 World Cup with Spain and Portugal. Patrice Motsepe, president of organisers CAF, says all of the options for both tournaments would have made Africa proud. He added the decisions had been based on the level of infrastructure made available by bids, including facilities, accommodation and hospitals.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

North Korea’s parliament has unanimously moved to enshrine its nuclear programme in the country’s constitution. The state news agency KCNA explained that the new constitutional amendment would establish North Korea’s pursuit of a nuclear force as the basic law of the state. Kim called to accelerate the modernisation of nuclear weapons in order to hold the definite edge of strategic deterrence” against perceived threats, like the United States and South Korea. Kim says the North Korean nuclear force-building policy has been made permanent as the basic law of the state, which no one is allowed to flout with anything.