Africa Business News

Africa Business Radio
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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.

  1. Kenya’s New Planned Tax Hikes Spark Anger

    05/13/2024

    Kenya’s New Planned Tax Hikes Spark Anger

    Plans to introduce new taxes and increase existing ones have triggered widespread criticism in Kenya. The price of bread is set to climb after the national treasury proposed removing the staple product from a value-added tax exemption list. The costs of mobile money transfers, airtime and data are also set to go up as the government seeks to raise an additional $2.4bn in taxes, in the financial year that starts in July. The government also proposed a new motor vehicle tax that will see drivers pay up to $750 annually to keep their vehicles on the road. The tax hikes are part of a series of financial measures introduced by President William Ruto's government to fund its extensive infrastructure and social programmes. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

    1 min
  2. Egypt To Join South Africa’s Genocide Case Against Israel At ICJ

    05/13/2024

    Egypt To Join South Africa’s Genocide Case Against Israel At ICJ

    Egypt says it will formally join the case filed by South Africa against Israel at the International Court of Justice (ICJ), which accuses Israel of violating its obligations under the Genocide Convention in its war on the Gaza Strip. The Egyptian Ministry of Foreign Affairs says that Cairo intended to join the case due to escalating Israeli aggression against Palestinian civilians. South Africa brought its case against Israel in January, accusing the country of committing genocide against Palestinians in Gaza. The death toll from Israel’s war on Gaza, which began in October, has surpassed 35,000, and most of the dead are women and children, according to Palestinian authorities. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

    1 min
  3. Rwanda Denies Backing Rebels Linked to Burundi Attack

    05/13/2024

    Rwanda Denies Backing Rebels Linked to Burundi Attack

    Rwanda's government has denied accusations that it armed a rebel group alleged to have carried out a grenade attack in Burundi's economic hub, Bujumbura. Pierre Nkurikiye, the spokesperson for Burundi's interior ministry says at least 38 people were injured in Friday's attack. Rwanda's government dismissed the allegations saying it has absolutely no connection" with the attack and had no reason to be involved in it. Red Tabara, the group accused of executing the grenade attack, has also denied responsibility, saying it does not attack innocent civilians. Rwanda's relationships with neighbouring nations Burundi and the Democratic Republic of Congo have become strained in recent years. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

    1 min
  4. Financial Reporting Council of Nigeria to Release Valuation Regulations July

    05/13/2024

    Financial Reporting Council of Nigeria to Release Valuation Regulations July

    The Head of the Directorate of Valuation Standards, Financial Reporting Council of Nigeria, Ugochukwu Nwora, says that the council has assembled relevant professionals to produce valuation regulations for the country. He says this regulation will be the first of its kind in Nigeria and the council will showcase the exposure draft to the public before launching it in July and the valuation regulations will guide all professional valuers and firms in Nigeria. Nwora noted that the FRC would standardise and regulate submissions, ensuring consistency and adherence to asset valuation standards. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

    1 min
  5. Nigerian Government Urged to Stop Electricity Subsidy

    05/13/2024

    Nigerian Government Urged to Stop Electricity Subsidy

    The International Monetary Fund has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies. The organisation told Nigeria that the subsidies would guzzle three per cent of the nation’s Gross Domestic Product in 2024 as against one per cent in the year before. The IMF commended the Federal Government for, among other things, phasing out costly and regressive energy subsidies”, saying this was critical to creating fiscal space for development spending and strengthening social protection while maintaining debt sustainability. IMF noted, however, that “adequate compensatory measures for the poor were not scaled up promptly and subsequently paused over corruption concerns. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

    1 min
  6. Liberia’s President Joseph Boakai to Set Up First War Crimes Court

    05/06/2024

    Liberia’s President Joseph Boakai to Set Up First War Crimes Court

    Liberian President Joseph Boakai has signed an executive order to establish the country's first war crimes court, more than 20 years after the end of two civil wars which killed 250,000 people. Mr Boakai said Liberia had endured downpours of agony. The 1989-2003 conflicts saw atrocities including mass killings, rape and the forced recruitment of child soldiers. Critics in Liberia have opposed the creation of the court, saying it risks reopening old wounds however Mr Boakai says the court would help ferret the causes and effects of the violence and bring about justice and healing. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

    2 min
  7. Chad Presidential Vote Set to End Military Rule

    05/06/2024

    Chad Presidential Vote Set to End Military Rule

    Chad is set to become the first of Africa's current junta-led states to move to democratic rule with Monday's presidential vote. It will end a three-year transition imposed after the sudden death of long-serving leader Idriss Deby Itno while fighting rebels. Prime Minister Succès Masra is among his nine challengers and is seen as his biggest rival. Ten other politicians who had been hoping to run, including two prominent figures, Nassour Ibrahim Neguy Koursami and Rakhis Ahmat Saleh, were excluded by the constitutional council because of irregularities. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

    1 min
  8. Nigerian Airports Authority to Cut Physical Security Checks At Airports

    05/06/2024

    Nigerian Airports Authority to Cut Physical Security Checks At Airports

    The Federal Airports Authority of Nigeria says it has concluded plans with the Office of the National Security Adviser to reduce the number of security checkpoints at the country’s airports. The Managing Director of FAAN, Olubunmi Kuku says the agency and the office of the NSA have agreed to carry out short and long-term measures to address the issue. Kuku noted that the issue of multiple security checkpoints was the first challenge she took up upon the assumption of office. The FAAN MD added that she has had productive conversations with the National Security Adviser, Nuhu Ribadu to craft viable solutions to the issue. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

    1 min
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About

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.

Information

  • Creator
    Africa Business Radio
  • Years Active
    2018 - 2024
  • Episodes
    101
  • Rating
    Clean
  • Copyright
    © Copyright Africa Business Radio
  • Show Website
    Africa Business News