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Daily news insights and analysis of the African business Landscape, covering from emerging startups to macroeconomics from across the 55 African Union member states com.

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Daily news insights and analysis of the African business Landscape, covering from emerging startups to macroeconomics from across the 55 African Union member states com.

    China And EU to Hold Talks on Electric Car Tariffs

    China And EU to Hold Talks on Electric Car Tariffs

    The risk of soaring Chinese electric car prices in the EU could be easing after both sides agreed to negotiate a planned series of import taxes. Top officials from both regions spoke about the tariffs on a call and agreed to discuss them further, though frictions remain. The EU says Chinese EVs were unfairly subsidised by its government. In response, China accused the EU of protectionism and trade rule breaches. They said the two sides would continue to engage at all levels in the coming weeks. They said any negotiated outcome to the proposed tariffs must address the injurious subsidisation of Chinese EVs.

    • 59 segundos
    Kenya Scraps Bread Tax As Protesters Tear-gassed

    Kenya Scraps Bread Tax As Protesters Tear-gassed

    Kenya’s government has scrapped some proposed taxes in this year's controversial finance bill, including a 16% levy on bread, after a public outcry, The announcement by MPs came as police fired tear gas and used water cannons to try to disperse angry protesters in the capital, Nairobi. Dozens of people have been arrested, and lawyers earlier joined chanting crowds at the city's main police station to demand that detainees be freed. Kuria Kimani, chairman of the parliamentary finance committee, announced the U-turn over the new finance bill at a press briefing attended by President Ruto and other lawmakers in the ruling coalition.

    • 1m
    South African MP Suspended for Racist Language

    South African MP Suspended for Racist Language

    A South African lawmaker has been suspended by his party, the Democratic Alliance after a series of old clips resurfaced online of him spewing violent racist language against black people. Renaldo Gouws initially insinuated one of the videos was doctored and denied it but a statement issued by the DA says it was genuine and not a fake. In the video, Mr Gouws, who was sworn into parliament last week, uses a local slur typically reserved for Black Africans repeatedly along with the n-word, and calls for black people to be killed. The centre-right DA the country's second-biggest party, has faced accusations of racism from critics who say the party wants to protect the interests of the white-minority population - a charge it denies.

    • 1m
    Nigerian Government to Punish Supervisors Approving Salaries for Ghost Workers

    Nigerian Government to Punish Supervisors Approving Salaries for Ghost Workers

    President Bola Tinubu has directed that all civil servants drawing salaries from the government after relocating abroad should be made to refund the money. The President also directed that the supervisors and department heads of the culprits must also be punished for aiding and abetting the fraud under their watch. He reiterated that the government would take appropriate measures to ensure they were punished and the money refunded to the government treasury.

    • 49 segundos
    Nigerian Air Force Destroys Illegal Oil Sites In Rivers

    Nigerian Air Force Destroys Illegal Oil Sites In Rivers

    The Nigerian Air Force says that its airstrikes destroyed 13 illegal oil refining sites and seven boats in Rivers, Bayelsa and Imo states. NAF spokesman Edward Gabkwet says between June 18 and 22, 2024, its Air Component of Operation Delta Safe destroyed the illegal refining sites, seven Cotonou boats as well as dispersed five buses attempting to siphon suspected crude oil products from surface tanks. He says airstrikes against economic saboteurs and oil thieves would be sustained until the activities of the criminals are reduced to the barest minimum.

    • 1m
    Nigerian Petroleum Company Shifts Delivery Date of $700m Gas Pipeline to August

    Nigerian Petroleum Company Shifts Delivery Date of $700m Gas Pipeline to August

    The Nigerian National Petroleum Company Limited , has shifted the delivery date for the $700m Obiafu-Obrikom-Oben gas pipeline project from March 2024 to August. The Minister for Petroleum Resources for States Resources (Gas), Ekperikpe Ekpo, says the project would now be completed and commissioned latest by August. The NNPCL says the River Niger Crossing operation has been the major impediment to the completion of the strategic OB3 Gas Pipeline for over three years, due to failure of the various technologies deployed to achieve the construction of the 48-inch pipe under the river bed between Ndoni in Rivers State and Aboh in Delta State.

    • 1m

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