Africa Podcast Network

Africa Business Radio
  • 0.0 (0)
  • NEWS
  • UPDATED DAILY
Africa Podcast Network Podcast

We bring you various leading news from across Africa, on business, economy, market, and politics. Towards A Profitable Africa.

  1. 26/01/2022

    IMF Cuts Global Economic Growth Forecast

    The International Monetary Fund warned that the global economy is entering 2022 in a weaker position than previously expected as it downgraded its global growth outlook largely due to clouds gathering over the recoveries in the United States and China. The IMF’s latest World Economic Outlook calls for the global growth to downshift from 5.9 per cent in 2021 to 4.4 per cent this year. The Fund saw the US economy growing 4.0 per cent this year while China’s economy grew 4.8 per cent this year thanks to the country’s business-sapping, zero-tolerance COVID-19 policy, and ongoing stress in its heavily indebted property sector.

    1 min

  2. 26/01/2022

    Microsoft Boasts Quarterly Revenue On Cloud Growth

    Microsoft Corp exceeded analysts’ expectations for second-quarter revenue on Tuesday, propelled by strong demand for its cloud-based services from more businesses migrating to hybrid work models due to the coronavirus pandemic. Microsoft has become one of the most valuable companies in the world by betting heavily on corporate software and services, especially its cloud services and the movement to the web of its Outlook email and calendar software, known as Office 365. Revenue from Microsoft’s biggest segment, which offers cloud services and includes Azure, its flagship cloud offering, rose 26 per cent, while the business that houses its Office 365 services increased 19 per cent in the quarter.

    1 min

  3. 26/01/2022

    The US Says Putin May Face Sanctions

    US President Joe Biden says he would consider imposing economic sanctions personally targeting Vladimir Putin if the Russian president orders a new attack on Ukraine. British Prime Minister Boris Johnson urged European allies to have sanctions ready to go if Russia invades Ukraine. Russia has amassed some 100,000 troops within reach of Ukraine’s border but denies planning an invasion. Instead, it has cited the Western response to its military buildup as evidence that Russia is the target of aggression.

    1 min

  4. 26/01/2022

    Zimbabwe Committed to Ending Zimdollar Volatility

    The Reserve Bank of Zimbabwe held a crisis meeting with captains of industry on Monday at which they pledged a commitment to work closely in curbing the parallel market exchange rate volatility. The central bank governor, John Mangudya says both parties acknowledged the positive economic achievements made so far which include year on year inflation reduction to end the year at 60,7% from 348,6% recorded in 2020 with local manufacturing production going to 80% of products on the market were locally produced. Mnagudya says the Bank should continue fighting inflation through restrictive monetary policy and building foreign exchange reserves as a way of augmenting the defence of the value of the local currency.

    1 min

  5. 26/01/2022

    Kenya Extends Avocado Export Ban

    Kenyan growers and exporters dealing in the avocado export business face an indefinite ban on the export of Hass and Fuerta varieties. Kenya Agriculture and Food authority director, Benjamin Tito noted that the ban, which took effect on November 15, 2021, is aimed at curbing the harvest and export of immature avocados. The food regulator noted the ban will remain in effect in order to control the export of immature avocadoes which have negatively impacted the image of the commodity in overseas markets. It further warned that exporters who use marketing agents without valid registration permits shall have their licenses revoked.

    1 min

  6. 26/01/2022

    Egypt Calls For Binding Agreement to Renaissance Dam Issue

    Prime Minister Mostafa Madbouli has expressed Egypt's keenness on reaching a legally-binding agreement for filling and operating the Grand Ethiopian Renaissance Dam to achieve the interests of all parties through striking a balance. Madbouli says Egypt showed interest in resuming negotiations at the nearest chance with the aim of finding solutions to points of technical and legal differences and finding a fair and balanced agreement taking into consideration Egypt's water scarcity and its dependence on the Nile as the main water resource. He says that Egypt always gives priority to achieving development in Nile basin countries, so it offered assistance to sisterly countries to provide stability for their peoples.

    1 min

  7. 26/01/2022

    Nigeria’s Security Agencies Directed to Use 5G Tech to Tackle Insecurity

    President Muhammadu Buhari launched the national policy on 5G for Nigeria’s digital economy, with a clear directive to all the security agencies to immediately leverage the technology to enhance security in the country when it has been deployed. President Buhari also allayed fears over health safety of 5G, affirming that such issues had been effectively addressed in developing a policy that suits the country. The president stressed that it would support virtually every sector of the economy, including enhanced connectivity, improved healthcare, support for education while fostering smart cities, and boosting agriculture, among other advantages.

    1 min

  8. 26/01/2022

    Central Bank of Nigeria Retains Interest Rate At 11.5%

    The Central Bank of Nigeria’s Monetary Policy Committee retained the Monetary Policy Rate at 11.5% and kept all other parameters unchanged. CBN Governor Godwin Emefiele made the announcement while addressing journalists at the bank’s headquarters in Abuja. Lowering the rate could have stimulated more borrowing while raising the rate could have signalled the CBN’s intention to reduce the economy’s money supply.

    1 min
See All (1K)

About

We bring you various leading news from across Africa, on business, economy, market, and politics. Towards A Profitable Africa.

Information

  • Creator
    Africa Business Radio
  • Years Active
    2016 - 2022
  • Episodes
    1K
  • Rating
    Clean
  • Copyright
    © Copyright Africa Business Radio
  • Show Website
    Africa Podcast Network

To listen to explicit episodes, sign in.

Stay up to date with this show

Sign in or sign up to follow shows, save episodes and get the latest updates.
Select a country or region

Africa, Middle East, and India

Asia Pacific

Europe

Latin America and the Caribbean

The United States and Canada